2015-09-15T08:39:15-05:00 2014-12-31 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2014-01-01 133585408 MUSEUM OF ARTS AND DESIGN MUSE 2122997777 2 COLUMBUS CIRCLE NEW YORK NY 100191800 ROBERT CUNDALL MANAGING DIRECTOR 2122997777 2015-09-11 1 FREDERICK MARTENS P00298107 2126972299 2014 2016-02-25 16:41:14Z GLENN ADAMSON 2 COLUMBUS CIRCLE NEW YORK NY 100191800 17454995 0 X WWW.MADMUSEUM.ORG X 1991 NY THE MUSEUM OF ARTS AND DESIGN COLLECTS, DISPLAYS, AND INTERPRETS OBJECTS THAT DOCUMENT CONTEMPORARY AND HISTORIC INNOVATION IN CRAFT, ART, AND DESIGN. IN ITS EXHIBITIONS AND EDUCATIONAL PROGRAMS, THE MUSEUM CELEBRATES THE CREATIVE PROCESS THROUGH WHICH MATERIALS ARE CRAFTED INTO WORKS THAT ENHANCE CONTEMPORARY LIFE. 35 35 106 96 6161 0 12840852 7064558 1394431 1170091 932204 408167 2424558 2541762 17592045 11184578 0 0 0 0 4813028 4705278 1775 28184 1465629 9091351 8704108 13906154 13437570 3685891 -2252992 93570971 90756240 1227605 596148 92343366 90160092 X THE MUSEUM OF ARTS AND DESIGN COLLECTS, DISPLAYS, AND INTERPRETS OBJECTS THAT DOCUMENT CONTEMPORARY AND HISTORIC INNOVATION IN CRAFT, ART, AND DESIGN. IN ITS EXHIBITIONS AND EDUCATIONAL PROGRAMS, THE MUSEUM CELEBRATES THE CREATIVE PROCESS THROUGH WHICH MATERIALS ARE CRAFTED INTO WORKS THAT ENHANCE CONTEMPORARY LIFE. 0 0 7596534 1124013 EXHIBITIONS EACH YEAR, THE MUSEUM OF ARTS AND DESIGN PRESENTS A NUMBER OF GROUNDBREAKING EXHIBITIONS THAT SUPPORT ITS MISSION TO CHAMPION MAKERS ACROSS CREATIVE FIELDS. IN FY14, THE MUSEUM REACHED APPROXIMATELY 125,000 VISITORS THROUGH SIX DISTINCT EXHIBITIONS AT ITS HOME ON COLUMBUS CIRCLE, INCLUDING RE: COLLECTION (4/01/14-9/7/14), MULTIPLE EXPOSURES (5/13/14-9/14/14), NYC MAKERS: THE MAD BIENNIAL (7/1/14-10/12/14), WHAT WOULD MRS. WEBB DO: A FOUNDER'S VISION (9/23/14-2/8/15), MARYLAND TO MURANO (9/ 30/14-3/15/15), NEW TERRITORIES: LABORATORIES FOR DESIGN, CRAFT, AND ART IN LATIN AMERICA (11/4/14-4/5/15) 3049225 1628270 EDUCATION AND PROGRAMMING MAD'S EDUCATION AND PUBLIC PROGRAMS ARE AN INTEGRAL PART OF ITS VISITOR EXPERIENCE, AND IN FY14, THE MUSEUM CONTINUED DEVELOPING AND EXPANDING ITS SIGNATURE OFFERINGS TO ENGAGE WIDER AUDIENCES WITH THE TRANSFORMATIVE POWER OF ART. MADLAB K-12, MAD'S FLAGSHIP ARTS-IN-EDUCATION PROGRAM, PROVIDED THOUSANDS OF YOUTH WITH GALLERY TOURS, IN-DEPTH DISCUSSIONS OF ART WORKS, AND HANDS-ON ART MAKING PROJECTS IN THE MUSEUM'S EDUCATION CENTER. THE MUSEUM OFFERED THIS PROGRAM FREE OF CHARGE TO UNDERSERVED STUDENTS AT TITLE I SCHOOLS. IN ADDITION THE MUSEUM PROVIDED PROGRAMS TO STUDENTS SERVING SUSPENSIONS IN ALTERNATE LEARNING CENTERS IN MANHATTAN, QUEENS, BROOKLYN, AND THE BRONX THROUGH ARTS ACCESS, WHICH SERVED OVER 2,500 STUDENTS IN 2014.FOR ADULTS, THE MUSEUM OFFERED A FULL RANGE OF PROGRAMS THAT ENHANCED EXHIBITION CONTENT AND ATTRACTED NEW AUDIENCES TO THE MUSEUM. FILM SCREENINGS, SCHOLARLY LECTURES, PERFORMANCES, WORKSHOPS, AND ARTIST DEMONSTRATIONS EXPLORED A WIDE ARRAY OF THEMES SUCH AS FIBER TECHNIQUES, HAIR IN ART AND DESIGN, AND VIRTUAL REALITY. OUR SIGNATURE ARTIST STUDIOS PROGRAM, WHICH ENABLES VISITORS TO INTERACT WITH ARTISTS DEVELOPING NEW WORK ONSITE, SUPPORTED 18 MAKERS FROM THE FIELDS OF CERAMICS, STONE CARVING, BEADWORK, AND PHOTOGRAPHY. COLLECTIVELY, THESE PROGRAMS REACHED APPROXIMATELY 45,000 VISITORS FROM ACROSS THE FIVE BOROUGHS OF NEW YORK CITY AND BEYOND. 10645759 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 159 0 1 106 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY NJ X ROBERT CUNDALL 2122997777 2 COLUMBUS CIRCLE NEW YORK NY 10019 LEWIS KRUGER CHAIRMAN 1.00 X X 0 0 0 JEROME A CHAZEN CHAIRMAN EMERITUS 1.00 X X 0 0 0 BARBARA TOBER CHAIRMAN EMERITA 1.00 X X 0 0 0 FRED KLEISNER CO-TREASURER 1.00 X X 0 0 0 EDWIN B HATHAWAY CO-TREASURER 1.00 X X 0 0 0 MICHELE COHEN SECRETARY 1.00 X 0 0 0 DIEGO ARRIA TRUSTEE 1.00 X 0 0 0 DROR BENSHETRIT TRUSTEE 1.00 X 0 0 0 MARIAN C BURKE TRUSTEE 1.00 X 0 0 0 CECILY CARSON TRUSTEE 1.00 X 0 0 0 SIMONA CHAZEN TRUSTEE 1.00 X 0 0 0 CHARLES S COHEN TRUSTEE 1.00 X 0 0 0 MICHAEL DEPAOLA TRUSTEE 1.00 X 0 0 0 ERIC DOBKIN TRUSTEE 1.00 X 0 0 0 MARCIA DOCTER TRUSTEE 1.00 X 0 0 0 MICHAEL DWECK TRUSTEE 1.00 X 0 0 0 C VIRGINIA FIELDS TRUSTEE 1.00 X 0 0 0 CAROLEE FREIDLANDER TRUSTEE 1.00 X 0 0 0 SETH GLICKENHAUS TRUSTEE 1.00 X 0 0 0 SANDRA B GROTTA TRUSTEE 1.00 X 0 0 0 LISA HERBERT TRUSTEE 1.00 X 0 0 0 MICHAEL JESSELSON TRUSTEE 1.00 X 0 0 0 KEITH JOHNSON TRUSTEE 1.00 X 0 0 0 ANN KAPLAN TRUSTEE 1.00 X 0 0 0 NANETTE L LAITMAN TRUSTEE 1.00 X 0 0 0 ERIC J LEE TRUSTEE 1.00 X 0 0 0 SIMONE LEIGH TRUSTEE 1.00 X 0 0 0 JEFFREY MANOCHERIAN TRUSTEE 1.00 X 0 0 0 MARSY MITTLEMANN TRUSTEE 1.00 X 0 0 0 ROBERT LEE MORRIS TRUSTEE 1.00 X 0 0 0 KAMBIZ SHAHBAZI TRUSTEE 1.00 X 0 0 0 BARBARA KARP SHUSTER TRUSTEE 1.00 X 0 0 0 KLARA SILVERSTEIN TRUSTEE 1.00 X 0 0 0 ANGELA SUN TRUSTEE 1.00 X 0 0 0 ELLEN TAUBMAN TRUSTEE 1.00 X 0 0 0 WILLIAM S TAUBMAN TRUSTEE 1.00 X 0 0 0 MILES YOUNG TRUSTEE 1.00 X 0 0 0 GLENN ADAMSON NANETTE L. LAITMAN DIRECTOR 40.00 X 285787 0 10985 ROBERT CUNDALL MANAGING DIRECTOR (AS OF MAY 2014) 40.00 X 171894 0 772 ROBERT SALEMO SENIOR VICE PRES. FINANCE(TO FEB 14) 40.00 X 37398 0 1428 ALAN YAMAHATA VP, MAJOR GIFTS 40.00 X 175000 0 12678 CATHLEEN LEWIS VP EDUCATION 40.00 X 89167 0 9494 SOPHIE HENDERSON VP, EXTERNAL AFFAIRS 40.00 X 162145 0 10869 SHARON SABATER CONTROLLER 40.00 X 117800 0 10589 JOHN D'AMBROSIO ASSOCIATE VP, TECHNOLOGY 40.00 X 112840 0 4302 LOWERY SIMS INTERNATIONAL CURATOR 40.00 X 101839 0 11432 LEKA BERISHA ASSOCIATE VP, FACILITIES 40.00 X 101357 0 1373 HOLLY HOTCHNER FORMER DIRECTOR (TO APRIL 2013) 0.00 X 120017 0 0 1475244 0 73922 8 1 1 0 UNIVERSAL PROTECTION SERVICE 26375 NETWORK PL CHICAGO IL 60673 GUARD SERVICE 465528 ROCK-IT CARGO 1800 BYBERRY ROAD HUNTINGTON VALLEY PA 19006 SHIPPING/CUSTOMS 379438 LAKESIDE COLLABORATIVE 115 WOOSTER STREET NEW YORK NY 10012 STORE RETAIL BRAND SERVICES 207600 ATELIER 4 35-00 47TH ST LONG ISLAND CITY NY 11101 SHIPPING/STORAGE 180049 4 568632 1610129 135015 4750782 372475 7064558 MUSEUM ADMISSION FEES 713990 947533 947533 TRAVEL EXHIBITION FEES 713990 176480 176480 MEMBER TRIPS 561520 30275 30275 LECTURES AND WORKSHOPS 900099 15803 15803 1170091 294355 6161 288194 946477 0 946477 946477 946477 4627463 4513651 113812 113812 113812 381573 1610129 381573 0 2957385 1375193 1582192 1582192 OTHER REVENUE 900099 13093 13093 13093 11184578 2752283 6161 1361576 967617 738143 74404 155070 3081339 2543664 143828 393847 37979 30535 2519 4925 267224 215713 15481 36030 351119 284502 19050 47567 60270 60270 28184 28184 83446 83446 1027358 716694 176010 134654 283487 4961 6332 272194 388004 227486 39160 121358 132174 79702 21824 30648 1750160 1551192 180183 18785 131260 58665 34355 38240 16856 4214 12642 2720994 2448894 272100 155757 36419 119087 251 SHIPPING AND CRATING 883402 874485 1299 7618 INSTALLATION AND DESIGN 541417 541417 PRINTING 238056 114728 6552 116776 ART COLLECTION PURCHASE 63282 63282 228185 111063 57640 59482 13437570 10645759 1326182 1465629 756440 894475 295295 90613 707926 992563 162471 180639 421313 317312 225287 172041 93016977 17598358 78129410 75418619 12789915 12607064 82914 82914 93570971 90756240 767348 594148 2000 2000 458257 1227605 596148 X 78779458 76605513 3270597 3245518 10293311 10309061 92343366 90160092 93570971 90756240 -2252992 69718 0 X 0 1 X 1 0 X 14123551 9908635 8024411 12840852 7064558 51962007 14123551 9908635 8024411 12840852 7064558 51962007 11338301 40623706 1062085 1198025 1189871 1149700 1234671 5834352 9515 11411 22727 16733 13093 73479 57869838 20043651 0.70200 0.67810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 13437570 13437570 821879 205470 0 0 822210 855316 845308 821879 3344713 5017070 70200 25000 0 0 95200 205553 213829 211327 205407 836116 1254174 X X X X 0 12872829 14750 367935 565536 12689978 11870485 1000 1644344 643000 12872829 10677288 1250000 750697 807500 11870485 10477975 876000 -284583 392104 10677288 9718833 1000 1043142 285000 10477975 0.03880 0.81230 0.14890 0 0 8510400 8510400 9229600 1499810 7729790 70342563 11720233 58622330 4934414 4378315 556099 75418619 X 11342300 69718 171450 241168 11101132 83446 83446 11184578 13525574 171450 171450 13354124 83446 83446 13437570 PART III, LINE 4: THE MUSEUM MAINTAINS A COLLECTION OF WORKS OF CONTEMPORARY ART OBJECTS. A DESCRIPTION OF THE CONTENTS OF THE PERMANENT COLLECTION IS MAINTAINED BY THE REGISTRAR. THE MUSEUM HAS INSURANCE COVERAGE FOR ITEMS ON ITS PREMISES, IN STORAGE, IN TRANSIT AND ON LOAN AT OTHER LOCATIONS. THE VALUE OF THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, IS NOT REFLECTED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE EXPENSED IN THE YEAR OF ACQUISITION. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. THE COLLECTION IS HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, PROTECTED AND PRESERVED, AND SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF SUCH ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART V, LINE 4: THE ENDOWMENT IS INTENDED TO SUPPORT THE MUSEUM'S EDUCATION PROGRAMS AND GENERAL OPERATIONS. PART X, LINE 2: MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS, INCLUDING THE POSITION THAT THE MUSEUM IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS. X X X X X X X 1 PRENTICE ART COMMUNICATION 155 WEST 68 ST 1531 NEW YORK NY 10023 FUNDRAISING EVENT CONSULTING 0 231150 28184 202966 231150 28184 202966 NY NJ VISIONARIES! GALA 1066660 968266 98394 98394 LOOT! 2014 693892 459764 234128 31885 202243 1 231150 182099 49051 49051 1991702 1610129 381573 179330 202243 381573 0 SCHEDULE G, PART I, LINE 2B, COLUMN (V) PROFESSIONAL FEES - $25,000 EXPENSE REIMBURSEMENTS - $3,184 X X X X 1 0 0 0 0 0 0 0 0 GLENN ADAMSON NANETTE L. LAITMAN DIRECTOR 285787 0 0 0 0 0 2063 0 8922 0 296772 0 0 0 ROBERT CUNDALL MANAGING DIRECTOR (AS OF MAY 2014) 171894 0 0 0 0 0 0 0 772 0 172666 0 0 0 ALAN YAMAHATA VP, MAJOR GIFTS 175000 0 0 0 0 0 5250 0 7428 0 187678 0 0 0 SOPHIE HENDERSON VP, EXTERNAL AFFAIRS 132978 0 0 0 29167 0 3719 0 7150 0 173014 0 0 0 HOLLY HOTCHNER FORMER DIRECTOR (TO APRIL 2013) 0 0 0 0 120017 0 0 0 0 0 120017 0 0 0 PART I, LINE 4A HOLLY HOTCHNER, DIRECTOR THROUGH APRIL 2013, RECEIVED REMAINING $120,017 IN 2014 REPRESENTING THE SEVERANCE PAYMENTS DUE UNDER A SEVERANCE AGREEMENT. SOPHIE HENDERSON, VP EXTERNAL AFFAIRS, RECEIVED $29,167 IN SEVERANCE PURSUANT TO AN AGREEMENT. X 99 183512 AUCTION PROCEEDS X 10 105468 FAIR MARKET VALUE X AUCTION ITEMS 71 68495 AUCTION PROCEEDS X MATERIALS 1 15000 FAIR MARKET VALUE 8 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JEROME A. CHAZEN, CHAIRMAN EMERITUS, AND SIMONA CHAZEN, TRUSTEE - FAMILY RELATIONSHIP. WILLIAM S. TAUBMAN, TRUSTEE, AND ELLEN TAUBMAN, TRUSTEE - FAMILY RELATIONSHIP. JEROME A. CHAZEN, CHAIRMAN EMERITUS, AND WILLAM S. TAUBMAN, TRUSTEE - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT WORKS WITH THE MUSEUM'S AUDIT FIRM TO PREPARE THE 990 TAX RETURN. ONCE THE AUDIT FIRM COMPLETES THE 990 IT IS GIVEN TO MANAGEMENT FOR REVIEW. BOTH THE MANAGING DIRECTOR AND THE CONTROLLER REVIEW THE DOCUMENTS PREPARED BY THE AUDIT FIRM TO ENSURE IT IS ACCURATE AND CONSISTENT WITH THE MATERIAL PROVIDED DURING AUDIT. THE MANAGING DIRECTOR THEN REVIEWS THIS DOCUMENT WITH THE DIRECTOR OF THE MUSEUM AND POINTS OUT ALL OF THE DISCLOSURE ISSUES THE DIRECTOR SHOULD FOCUS ON. THE AUDIT COMMITTEE THEN REVIEWS THE DOCUMENT. A COPY OF THE 990 IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM'S CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN ITS CODE OF ETHICS POLICY. THIS POLICY APPLIES TO ALL EMPLOYEES AND TO BOARD MEMBERS. AT THE BOARD LEVEL THE POLICY IS PRESENTED AND DISTRIBUTED ANNUALLY. A SELF AUDIT TAKES PLACE AND ANY POTENTIAL CONFLICTS ARE DISCLOSED TO THE EXECUTIVE COMMITTEE OF THE BOARD. ALL EMPLOYEES ARE GIVEN AN EMPLOYEE MANUAL ON THEIR FIRST DAY OF EMPLOYMENT WHICH CONTAINS CERTAIN PROVISIONS OF THE CODE OF ETHICS. THE FULL CODE IS AVAILABLE ON THE MUSEUM INTRANET. ALL POTENTIAL CONFLICTS ARE REPORTED TO THE SENIOR MANAGEMENT OF THE MUSEUM AND DISCUSSED BY BOTH THE DIRECTOR AND MANAGING DIRECTOR. WHILE MOST POTENTIAL CONFLICTS ARE STRAIGHTFORWARD, LEGAL COUNSEL IS SOUGHT WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS OVERALL PAYROLL INFORMATION FOR THE MUSEUM AND PLANNED INCREASES. THE SALARY OF THE DIRECTOR IS SET BY CONTRACT BY THE EXECUTIVE COMMITTEE. WHEN SETTING THE CONTRACT SALARY, THE COMMITTEE RELIES ON DATA AVAILABLE FROM COMPARABLE INSTITUTIONS AND PUBLISHED IN THE 990S OF OTHER INSTITUTIONS. THE COMMITTEE ALSO CONSIDERS LONGEVITY AND ACCOMPLISHMENTS IN SETTING ALL OF THE TERMS OF THE AGREEMENT. THE MANAGING DIRECTOR IS ALSO REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THOSE SALARIES ARE SET BASED ON MARKET CONDITIONS, COMPARABLE SALARIES, AND STAFF SALARIES WITHIN THE MUSEUM. THE REMAINING STAFF SALARIES ARE SET BASED ON THE EVALUATION BY THE DIRECTOR AND THE MANAGINF DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST