2014-02-14T09:26:43-06:00 2013-06-30 PricewaterhouseCoopers LLP 1301 K STREET NW SUITE 800W WASHINGTON DC 200053333 990 2012-07-01 131624086 METROPOLITAN MUSEUM OF ART % CONTROLLER'S OFFICE METR 2128795500 1000 FIFTH AVENUE Suite NEW YORK NY 100280198 OLENA M PASLAWSKY 2128795500 2014-02-11 true 2024141000 2012 2015-11-30 17:44:51Z THOMAS CAMPBELL 1000 FIFTH AVENUE NEW YORK NY 100280198 1395762348 false X WWW.METMUSEUM.ORG X 1870 NY THE MISSION OF THE METROPOLITAN MUSEUM OF ART IS TO COLLECT, PRESERVE, STUDY, EXHIBIT, AND STIMULATE APPRECIATION FOR AND ADVANCE KNOWLEDGE OF WORKS OF ART. SEE SCHEDULE O FOR MORE INFORMATION. 43 41 2406 1376 3996392 0 193652342 310234475 19484860 18292718 137816266 235477085 67744197 67560857 418697665 631565135 1813690 1700343 0 0 178131097 192660165 332955 342350 10409775 205947174 267874060 386224916 462576918 32472749 168988217 3202789465 3471893746 489754953 468444983 2713034512 3003448763 X THE MISSION OF THE METROPOLITAN MUSEUM OF ART IS TO COLLECT, PRESERVE, STUDY, EXHIBIT, AND STIMULATE APPRECIATION FOR AND ADVANCE KNOWLEDGE OF WORKS OF ART THAT COLLECTIVELY REPRESENT THE BROADEST SPECTRUM OF HUMAN ACHIEVEMENT AT THE HIGHEST LEVEL OF QUALITY, ALL IN THE SERVICE OF THE PUBLIC AND IN ACCORDANCE WITH THE HIGHEST PROFESSIONAL STANDARDS. false false 103196801 5419917 ACQUISITIONS OF ART - SEE SCHEDULE O FOR MORE INFORMATION 117211557 1700343 16795757 CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS, CONSERVATION, CATALOGUING AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $1,700,343) - SEE SCHEDULE O FOR MORE INFORMATION 67016517 GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION - SEE SCHEDULE O FOR MORE INFORMATION 37910789 38449629 MERCHANDISING OPERATIONS 20437556 OPERATION OF RESTAURANTS 14000394 SPECIAL EXHIBITIONS 8201964 DEPRECIATION 11398191 COMMUNITY PROGRAMS AND LIBRARIES 4106463 RENOVATION OF GALLERIES 5687284 85980 COMMUNICATIONS 4227334 MEMBERSHIP SERVICES INC BULLETIN 2893033 1410981 OPERATION OF AUDITORIUM 1566463 OPERATION OF PARKING GARAGE 552821 749880 CORPORATE EVENTS & FUNDRAISING 5820721 Operating Services 116803013 40696470 404227888 true true false true false false false true false true true true false false true false true false false false true false true true true false false false true true true false true false false false false false false false false true true false false false true false false false true 788 0 true 2406 true true true false false false false true true false false false false X 43 41 false 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0 WILLIAM C RUDIN 1.0 X 0 0 0 BONNIE J SACERDOTE 2.0 X 0 0 0 ALEJANDRO SANTO DOMINGO 2.0 X 0 0 0 ANDREW M SAUL 1.0 X 0 0 0 JAMES E SHIPP 2.0 X 0 0 0 ANDREW SOLOMON 1.0 X 0 0 0 OSCAR L TANG 2.0 X 0 0 0 ANN G TENENBAUM 1.0 X 0 0 0 LULU C WANG 2.0 X 0 0 0 SHELBY WHITE 2.0 X 0 0 BARRIE A WIGMORE 1.0 X 0 0 0 ANNA WINTOUR 1.0 X 0 0 0 MICHAEL R BLOOMBERG 1.0 X 0 0 0 ADRIAN BENEPE 1.0 X 0 0 0 KATE D LEVIN 1.0 X 0 0 0 JOHN LIU 1.0 X 0 0 0 CHRISTINE QUINN 1.0 X 0 0 0 VERONICA M WHITE 1.0 X GAYLE PERKINS ATKINS 1.0 X 0 0 0 SUSANA TORRUELLA LEVAL 1.0 X 0 0 0 JAMES J ROSS 1.0 X 0 0 0 THOMAS P CAMPBELL 35.0 X 886382 0 337118 EMILY K RAFFERTY 35.0 X 830327 0 54452 CARRIE R BARRATT 35.0 X 294662 0 53936 JENNIFER RUSSELL 35.0 X 319742 0 37052 SHARON H COTT 35.0 X 410483 0 54170 HAROLD L HOLZER 35.0 X 421797 0 54539 OLENA M PASLAWSKY 35.0 X 438471 0 43998 NINA MCN DIEFENBACH 35.0 X 364916 0 54235 TOM JAVITS 35.0 X 313635 0 54185 BRADLEY L KAUFFMAN 35.0 X 510711 0 38156 DEBRA A MCDOWELL 35.0 X 287997 0 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462576918 SCHEDULE D, PART III, LINE 1A SFAS 116 FOOTNOTE IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTIONS HAS BEEN EXCLUDED FROM THE BALANCE SHEET, AND GIFTS OF ART OBJECTS ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASES OF ART OBJECTS BY THE MUSEUM ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PURSUANT TO STATE LAW AND MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS TEMPORARILY RESTRICTED NET ASSETS FOR THE ACQUISITION OF ART. SCHEDULE D, PART III, LINE 4 DESCRIPTION OF ORGANIZATION'S COLLECTIONS & FURTHERANCE OF EXEMPT PURPOSE THE MUSEUM'S COLLECTIONS COMPRISE NEARLY TWO MILLION WORKS OF ART FROM ANCIENT, MEDIEVAL, AND MODERN TIMES AND FROM ALL AREAS OF THE WORLD. THEY OFFER A SURVEY OF CONSIDERABLE BREADTH OF ART FROM THE ANCIENT CIVILIZATIONS OF ASIA, AFRICA, SOUTH AMERICA, THE PACIFIC ISLANDS, EGYPT, THE NEAR EAST, AND GREECE AND ROME TO THE PRESENT TIME. THE MUSEUM'S COLLECTIONS INCLUDE EUROPEAN PAINTINGS, MEDIEVAL ART AND ARCHITECTURE, ARMS AND ARMOR, PRINTS, PHOTOGRAPHS, DRAWINGS, COSTUMES, MUSICAL INSTRUMENTS, SCULPTURE, TEXTILES, AND DECORATIVE ARTS FROM THE RENAISSANCE TO THE PRESENT TIME, AS WELL AS ONE OF THE FOREMOST COLLECTIONS OF AMERICAN ART IN THE WORLD. THE MUSEUM ALSO MAINTAINS SOME OF THE MOST COMPREHENSIVE ART AND ARCHITECTURE LIBRARIES IN THE UNITED STATES. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS THE MUSEUM'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT EDUCATIONAL PROGRAMS, SCHOLARLY RESEARCH AND PUBLICATIONS, ACQUISITIONS OF WORKS OF ART, CONSERVATION OF WORKS OF ART, SPECIAL EXHIBITIONS OF INTEREST TO THE PUBLIC, MAINTENANCE AND EXPANSION OF GALLERIES, AND GENERAL OPERATING SUPPORT FOR MUSEUM EXPENSES. SCHEDULE D, PART XI, LINE 1 AUDITED FINANCIAL STATEMENTS INCLUDE $326,851,603 FROM OPERATING ACTIVITIES AND $222,311,345 FROM NON-OPERATING ACTIVITIES FOR REVENUE, GAINS AND OTHER SUPPORT. TOTAL PART XII, LINE 1 $549,162,948 SCHEDULE D, PART XI, LINE 2D AND 4B RECONCILING ITEMS FOR REVENUE AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12: LINE 2D, OTHER. COST OF SALES $28,451,251; INVESTMENT RETURN IN EXCESS OF CURRENT SUPPORT FOR OPERATING AND NON-OPERATING $(179,672,665); UTILITIES PROVIDED BY THE CITY OF NEW YORK $14,980,005; FUNDRAISING SPECIAL EVENTS $5,144,953, ADVERTISING GIFT-IN-KIND $356,557; FEDERAL INDEMNIFICATION AWARD $1,045,746; TOTAL PART XII, LINE 2D $(129,694,153). AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT LINE 1: LINE 4B, OTHER. CORPORATE EVENTS EXPENSE $552,821; INVESTMENT MANAGEMENT FEES $13,939,862; TRANSFER OF UNDESIGNATED NON-OPERATING FUNDS $13,023,697; PROCEEDS FROM SALE OF ART $5,419,917; PARTNERSHIP UBI $385,072; TOTAL PART XII, LINE 4B $33,321,369. SCHEDULE D, PART XII, LINE 2D AND 4B RECONCILING ITEMS FOR EXPENSES AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25: LINE 2D, OTHER. COST OF SALES $28,451,251; SPECIAL EVENTS DIRECT EXPENSES OTHER THAN FUNDRAISING $5,144,953; UTILITIES PROVIDED BY THE CITY OF NEW YORK $14,980,005; ADVERTISING GIFT-IN-KIND $356,557; FEDERAL INDEMNIFICATION AWARD $1,045,746; TOTAL PART VIII, LINE 2D $49,978,512. AMOUNTS INCLUDED ON FORM 990, PART IX, LINE 25, BUT NOT LINE 1: LINE 4B, OTHER. NON-OPERATING DEPRECIATION AND MISCELLANEOUS NON-CAPITALIZED EXPENDITURES $46,892,363; PURCHASES OF ART $103,196,801; INVESTMENT MANAGEMENT FEES $13,939,862; CORPORATE EVENTS EXPENSE $552,821; EFFECT OF INTEREST RATE SWAP $4,106,459; TOTAL PART XIII, LINE 4B $168,688,305. true Europe (Including Iceland and Greenland) 0 0 Grantmaking T. ROUSSEAU FELLOWSHIP 72166 Central America and the Caribbean 0 0 Investments 518642465 Europe (Including Iceland and Greenland) 0 0 Investments 74537042 Europe (Including Iceland and Greenland) 0 0 Program Services RESEARCH & EXHIBITIONS 1314000 East Asia and the Pacific 0 0 Program Services RESEARCH & EXHIBITIONS 516000 Russia and the Newly Independent States 0 0 Program Services RESEARCH & EXHIBITIONS 38000 South America 0 0 Program Services RESEARCH & EXHIBITIONS 13000 North America 0 0 Program Services RESEARCH & EXHIBITIONS 18000 Middle East and North Africa 0 0 Program Services RESEARCH & EXHIBITIONS 376000 Sub-Saharan Africa 0 0 Program Services RESEARCH & EXHIBITIONS 12000 Central America and the Caribbean 0 0 Program Services RESEARCH & EXHIBITIONS 1000 South Asia 0 0 Program Services RESEARCH & EXHIBITIONS 139000 0 0 0 0 595678673 595678673 THEODORE ROUSSEAU FELLOWSHIP Europe (Including Iceland and Greenland) 6 72166 CHECK 0 N/A N/A true false true true true false SCHEDULE F, PART I, LINE 2 THE MUSEUM AWARDS VARIOUS GRANTS, EDUCATIONAL TRAVEL STIPENDS AND FELLOWSHIPS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. A GRANTS COMMITTEE, COMPRISED OF MUSEUM CURATORS, CONSERVATORS, EDUCATORS, SCIENTISTS AND LIBRARIANS, MAKES SELECTIONS BASED UPON COMPETITIVE WRITTEN APPLICATIONS. THE PURPOSE OF THE GRANTS IS TO PROVIDE AN OPPORTUNITY FOR THE GRANTEES TO CONDUCT RESEARCH, EXTEND THEIR PROFESSIONAL KNOWLEDGE AND CONTRIBUTE TO THEIR RESPECTIVE FIELDS AT LARGE. TO THE BEST OF THE MUSEUM'S KNOWLEDGE, NONE OF THE RECIPIENTS OF THE GRANTS OR FELLOWSHIPS ARE RELATED TO ANY PERSON SUCH AS A TRUSTEE, AN OFFICER, OR A KEY EMPLOYEE OF THE MUSEUM. EVERY GRANTEE IS ASSIGNED A SPECIFIC SUPERVISOR AT THE START OF THEIR FELLOWSHIP PERIOD. THE SUPERVISOR IS EITHER A CURATOR, CONSERVATOR, SCIENTIST OR EDUCATOR FROM THE DEPARTMENT HOSTING THE INDIVIDUAL SCHOLAR. THE SCHOLAR AND SUPERVISOR ARE IN CONTACT THROUGHOUT THE YEAR AND DISCUSS ALL OF THE DETAILS OF THE GRANTEE'S RESEARCH WORK. IN ADDITION, THE ACADEMIC PROGRAMS OFFICE WHICH IS RESPONSIBLE FOR ALL OF THE FELLOWS REQUIRES PERIODIC UPDATES ON THE INDIVIDUALS' RESEARCH. X X X X X X X true DONOR SERVICES GROUP TELE- MARKETING false 661429 342350 319079 661429 342350 319079 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI COSTUME INST 11899591 11748841 150750 3974171 ACQ FND DINNER 1985235 1900995 84240 227631 5 4145833 3817448 328385 943151 18030659 17467284 563375 5144953 5144953 -4581578 SCHEDULE G, PART I, LINE 2B DETAILS OF FUNDRAISING AGREEMENT Donor Services Group conducts telemarketing campaigns to current and lapsed Members of The Metropolitan Museum of Art throughout the year. The telemarketing staff refers to a script, which is approved by the Membership Department, when speaking with Members. During Fiscal Year 2013, 35,145 current Members were contacted by Donor Services Group requesting a contribution to the Membership Annual Appeal; 11,591 current Members were contacted prior to expiration with a request for them to renew their Membership; and 12,713 lapsed Members were contacted with a request for them to rejoin the Museum. true THE BOTHMER FELLOWSHIP 1 27500 SYLVAN C. AND PAMELA COLEMAN FELLOWSHIP 12 187833 CHESTER DALE FELLOWSHIP 4 60000 ANNETTE DE LA RENTA FELLOWSHIP 1 23000 THE DOUGLASS FOUNDATION FELLOWSHIP IN AMERICAN ART 2 49666 SHERMAN FAIRCHILD FOUNDATION FELLOWSHIP 2 34666 ANDREW W. MELLON ART HISTORY FELLOWSHIP 15 293832 ANDREW W. MELLON CONSERVATION FELLOWSHIP 14 235166 ANDREW W MELLON POSTDOCTORAL CURATORIAL FELLOWSHIP 3 96097 J. CLAWSON MILLS FELLOWSHIP 3 49666 HEGOP KEVORKIAN FELLOWSHIP 2 53334 HANNS AND BRIGITTE HORNEY SWARZENSKI FELLOWSHIP 1 25000 JANE AND MORGAN WHITNEY FELLOWSHIP 14 267667 SLIFKA FOUNDATION FELLOWSHIP 2 34666 SAMUEL H. KRESS FDN. INTERPRETIVE FELLOWSHIP 2 25000 ANNETTE KADE FELLOWSHIP 1 25500 RESEARCH SCHOLARSHIP IN PHOTOGRAPH CONSERVATION 1 6666 ANDREW W. MELLON SUPPORTED STIPEND INCREASES 64 123918 SAMUEL H. KRESS FDN. CONSERVATION FELLOWSHIP 1 9000 SCHEDULE I, PART I, LINE 2 THE MUSEUM AWARDS VARIOUS GRANTS, EDUCATIONAL TRAVEL STIPENDS AND FELLOWSHIPS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. A GRANTS COMMITTEE, COMPRISED OF MUSEUM CURATORS, CONSERVATORS, EDUCATORS, SCIENTISTS AND LIBRARIANS, MAKES SELECTIONS BASED UPON COMPETITIVE WRITTEN APPLICATIONS. THE PURPOSE OF THE GRANTS IS TO PROVIDE AN OPPORTUNITY FOR THE GRANTEES TO CONDUCT RESEARCH, EXTEND THEIR PROFESSIONAL KNOWLEDGE AND CONTRIBUTE TO THEIR RESPECTIVE FIELDS AT LARGE. RECIPIENTS OF THE EDUCATIONAL TRAVEL STIPENDS ARE EMPLOYEES OF THE MUSEUM. TO THE BEST OF THE MUSEUM'S KNOWLEDGE, NONE OF THE OTHER RECIPIENTS OF THE GRANTS OR FELLOWSHIPS ARE RELATED TO ANY PERSON SUCH AS A TRUSTEE, AN OFFICER, OR A KEY EMPLOYEE OF THE MUSEUM. EVERY GRANTEE IS ASSIGNED A SPECIFIC SUPERVISOR AT THE START OF THEIR FELLOWSHIP PERIOD. THE SUPERVISOR IS EITHER A CURATOR, CONSERVATOR, SCIENTIST OR EDUCATOR FROM THE DEPARTMENT HOSTING THE INDIVIDUAL SCHOLAR. THE SCHOLAR AND SUPERVISOR ARE IN CONTACT THROUGHOUT THE YEAR AND DISCUSS ALL OF THE DETAILS OF THE GRANTEE'S RESEARCH WORK. IN ADDITION, THE ACADEMIC PROGRAMS OFFICE WHICH IS RESPONSIBLE FOR ALL OF THE FELLOWS REQUIRES PERIODIC UPDATES ON THE INDIVIDUALS' RESEARCH. X true true X X X X X X true true false false false false false true false THOMAS P CAMPBELL 771022 0 0 0 115360 0 35474 0 301644 0 1223500 0 0 0 EMILY K RAFFERTY 699597 0 0 0 130730 0 35474 0 18978 0 884779 0 0 0 CARRIE R BARRATT 271710 0 0 0 22952 0 35474 0 18462 0 348598 0 0 0 JENNIFER RUSSELL 314978 0 0 0 4764 0 35474 0 1578 0 356794 0 0 0 SHARON H COTT 374030 0 0 0 36453 0 35474 0 18696 0 464653 0 0 0 HAROLD L HOLZER 374737 0 0 0 47060 0 35474 0 19065 0 476336 0 0 0 OLENA M PASLAWSKY 434277 0 0 0 4194 0 35474 0 8524 0 482469 0 0 0 NINA MCN DIEFENBACH 317284 0 0 0 47632 0 35474 0 18761 0 419151 0 0 0 TOM JAVITS 309113 0 0 0 4522 0 35474 0 18711 0 367820 0 0 0 BRADLEY L KAUFFMAN 425298 0 82086 0 3327 0 35474 0 2682 0 548867 0 0 0 DEBRA A MCDOWELL 267065 0 0 0 20932 0 35474 0 7731 0 331202 0 0 0 ELYSE TOPALIAN 224454 0 0 0 37220 0 32191 0 17922 0 311787 0 0 0 SUZANNE E BRENNER 548067 0 401306 0 21022 0 214224 0 19644 0 1204263 0 205859 0 JEFFREY BLAIR 194155 0 0 0 385 0 27682 0 7516 0 229738 0 0 0 BARBARA DOUGHERTY 20681 0 0 0 1163309 0 17652 0 10816 0 1212458 0 0 0 LAUREN A MESERVE 454574 0 317808 0 540 0 181487 0 8505 0 962914 0 159297 0 ERIN COBURN 166074 0 0 0 197251 0 24134 0 6765 0 394224 0 0 0 GEORGE GOLDNER 268981 0 0 0 51670 0 35474 0 18526 0 374651 0 0 0 JEFFREY SPAR 313141 0 0 0 810 0 35237 0 17771 0 366959 0 0 0 SCHEDULE J, PART I, LINE 1A PERSONAL HOUSING - FOR CALENDAR YEAR 2012, THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT, EMILY K. RAFFERTY. THIS ALLOWANCE WAS TREATED AS TAXABLE COMPENSATION. FOR CALENDAR YEAR 2012, THE MUSEUM PROVIDED THE DIRECTOR, THOMAS P. CAMPBELL, WITH A RESIDENCE THAT HE WAS REQUIRED TO LIVE IN AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE MUSEUM. SCHEDULE J, PART I, LINE 4A THE FOLLOWING PERSONS RECEIVED SEPARATION PAY IN CALENDAR YEAR 2012: BARBARA DOUGHERTY - $1,047,572; ERIN COBURN - $183,040. SCHEDULE J, PART 1, LINE 4B THE FOLLOWING PERSONS PARTICIPATED IN OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THOMAS P. CAMPBELL - $11,200 CARRIE R. BARRATT - $21,210 SHARON H. COTT - $34,500 HAROLD HOLZER - $41,400 NINA MCN DIEFENBACH - $46,000 DEBRA A. MCDOWELL - $18,400 ELYSE TOPALIAN - $35,100 SUZANNE BRENNER - $18,400 GEORGE GOLDNER - $46,000 SCHEDULE J, PART 1, LINE 7 PURSUANT TO THE MUSEUM'S INCENTIVE COMPENSATION PLAN FOR INVESTMENT STAFF, THE CHIEF INVESTMENT OFFICER, SUZANNE E. BRENNER RECEIVED A BONUS PAYMENT OF $401,306 WHICH IS INCLUDED IN SCHEDULE J, PART 11, COLUMN B. THE DEPUTY CHIEF INVESTMENT OFFICER, LAUREN A. MESERVE, ALSO RECEIVED A BONUS PAYMENT OF $317,808 WHICH IS INCLUDED IN SCHEDULE J, PART 11, COLUMN B. VICE PRESIDENT AND GENERAL MANAGER OF MERCHANDISE AND RETAIL, BRADLEY L. KAUFFMAN RECEIVED A DISCRETIONARY BONUS PAYMENT OF $82,086 WHICH IS INCLUDED IN SCHEDULE J, PART 11, COLUMN B. FORM 990, PART VII THOMAS P. CAMPBELL AND EMILY K. RAFFERTY ARE EX-OFFICIO TRUSTEES. A TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY 911882413 649717NP6 2006-12-01 65000000 PARTIAL FUNDING OF CAPITAL PROJECT false false false B TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY 911882413 649717NQ4 2006-12-01 65000000 PARTIAL FUNDING OF CAPITAL PROJECT false false false A 0 0 65000000 0 0 0 795690 0 0 64204310 0 0 2008 false false true true B 0 0 65000000 0 0 0 795690 0 0 64204310 0 0 2008 false false true true A false false true true false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false true true false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true true false 0 false 0 false true B false true true false 0 false 0 false true A true B true SCHEDULE K, PART 111, LINES 4-6 PRIVATE BUSINESS AND UNRELATED USE THE MUSEUM PERFORMS A DETAILED PRIVATE BUSINESS AND UNRELATED USE CALCULATION. THE MUSEUM CALCULATED ITS PRIVATE BUSINESS AND UNRELATED USE FOR THE FISCAL YEAR ENDED JUNE 30,2013 TO BE NEARLY 0% IN TAX EXEMPT BOND FINANCED SPACE. THIS ANALYSIS EXCLUDES COST OF ISSUANCE. X 167 X 6 X 155 37157038 MKT VALUE- GIFT DATE X 1 3534759 MKT VALUE- GIFT DATE 63 false true true PART I, COLUMN (B) THE AMOUNTS SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF CONTRIBUTORS AND NOT NECESSARILY THE TOTAL NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B THE MUSEUM MAY, FROM TIME TO TIME, SELL ART WORKS ACQUIRED AS NON-CASH CONTRIBUTIONS THROUGH THIRD PARTIES SUCH AS PUBLIC AUCTION HOUSES, PRIVATE DEALERS, OR INDIVIDUALS. IN EACH CASE, THE MUSEUM ENTERS INTO A CONTRACT OR AGREEMENT WITH THE THIRD PARTY CONDUCTING OR PARTICIPATING IN THE SALE AND ADHERES TO ITS OWN PUBLISHED POLICY REGARDING SUCH SALES AS WELL AS APPLICABLE IRS LAWS AND STANDARDS OF ACCOUNTING. PART I, LINE 33 IN ACCORDANCE WITH FASB'S SFAS 116, THE MUSEUM DOES NOT TREAT DONATIONS OF PROPERTY OF THE TYPES DESCRIBED IN PART I OF SCHEDULE M AS REVENUE OR CAPITALIZE ITS COLLECTIONS BECAUSE THEY ARE USED TO SUPPORT ITS NON-PROFIT EDUCATIONAL MISSION, AND, SHOULD THE PROPERTY BE SOLD, PROCEEDS FROM SUCH SALE WOULD BE USED SOLELY TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THESE ACCOUNTING STANDARDS ARE ALSO ENDORSED BY THE AMERICAN ALLIANCE OF MUSEUMS AND THE ASSOCIATION OF ART MUSEUM DIRECTORS, OF WHICH ORGANIZATIONS THE MUSEUM IS A MEMBER. PART III MISSION AND PROGRAM SERVICE ACCOMPLISHMENTS THE MISSION OF THE METROPOLITAN MUSEUM OF ART IS TO COLLECT, PRESERVE, STUDY, EXHIBIT, AND STIMULATE APPRECIATION FOR AND ADVANCE KNOWLEDGE OF WORKS OF ART THAT COLLECTIVELY REPRESENT THE BROADEST SPECTRUM OF HUMAN ACHIEVEMENT AT THE HIGHEST LEVEL OF QUALITY, ALL IN THE SERVICE OF THE PUBLIC AND IN ACCORDANCE WITH THE HIGHEST PROFESSIONAL STANDARDS. THE METROPOLITAN MUSEUM OF ART WAS FOUNDED ON APRIL 13, 1870 BY A GROUP OF CIVIC LEADERS, ART COLLECTORS, AND PHILANTHROPISTS. THE PREMISE ON WHICH THE MUSEUM WAS FOUNDED IS "FOR THE PURPOSE OF ESTABLISHING AND MAINTAINING IN NEW YORK CITY A MUSEUM AND LIBRARY OF ART, OF ENCOURAGING AND DEVELOPING THE STUDY OF THE FINE ARTS, AND THE APPLICATION OF ARTS TO MANUFACTURE AND PRACTICAL LIFE, OF ADVANCING THE GENERAL KNOWLEDGE OF KINDRED SUBJECTS, AND, TO THAT END, OF FURNISHING POPULAR INSTRUCTION." THE MUSEUM HAS SINCE BECOME THE PREEMINENT CULTURAL INSTITUTION IN THE WESTERN HEMISPHERE, SERVING A PUBLIC THAT EXTENDS FAR BEYOND NEW YORK CITY TO ALL THE UNITED STATES AND, INDEED, THE WORLD. IT RANKS AS NEW YORK'S PREMIER TOURIST ATTRACTION, WITH FIFTY-EIGHT PERCENT OF ITS 6.2 MILLION ANNUAL VISITORS (INCLUDING THE CLOISTERS MUSEUM AND GARDENS) FROM OUTSIDE THE TRI-STATE AREA. FISCAL 2013 WAS A PIVOTAL YEAR FOR THE METROPOLITAN MUSEUM OF ART. ATTENDANCE IN FISCAL YEAR 2013 MAINTAINED THE RECORD HIGHS REACHED IN THE PREVIOUS YEAR, DRIVEN BY FOUR EXHIBITIONS THAT HAD OVER 440,000 VISITORS: IMPRESSIONISM, FASHION, AND MODERNITY; MATISSE: IN SEARCH OF TRUE PAINTING; REGARDING WARHOL: SIXTY ARTISTS, FIFTY YEARS; AND PUNK: CHAOS TO COUTURE. STARTING JULY 1, 2013, THE MUSEUM'S NEW SEVEN DAY SCHEDULE EXTENDED PUBLIC ACCESS THROUGHOUT THE WEEK. ANOTHER ATTENDANCE HIGH POINT OCCURRED ON JANUARY 18, 2013 WHEN THE NEW GALLERIES FOR THE ART OF THE ARAB LANDS, TURKEY, IRAN, CENTRAL ASIA, AND LATER SOUTH ASIA, WHICH OPENED IN NOVEMBER 2011, REACHED THE MILESTONE OF 1 MILLION VISITORS. PART III (CONTINUED) THE MUSEUM'S COLLECTIONS COMPRISE WORKS OF ART FROM ANCIENT, MEDIEVAL, AND MODERN TIMES AND FROM ALL AREAS OF THE WORLD. THEY OFFER A SURVEY OF ART FROM ANCIENT CIVILIZATIONS OF ASIA, AFRICA, SOUTH AMERICA, THE PACIFIC ISLANDS, EGYPT, THE NEAR EAST, AND GREECE AND ROME, TO THE PRESENT TIME. THE MUSEUM ALSO POSSESSES COLLECTIONS OF EUROPEAN PAINTINGS, MEDIEVAL ART AND ARCHITECTURE, ARMS AND ARMOR, DRAWINGS AND PRINTS, PHOTOGRAPHS, COSTUMES, MUSICAL INSTRUMENTS, ISLAMIC ART, EUROPEAN SCULPTURE AND DECORATIVE ARTS, AND AMERICAN ART. THE MUSEUM MAINTAINS ONE OF THE MOST COMPREHENSIVE ART AND ARCHITECTURE LIBRARIES IN THE UNITED STATES. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH. IN FISCAL YEAR 2013, THE MUSEUM RECEIVED ONE OF THE GREATEST GIFTS IN THE INSTITUTION'S 143-YEAR EVOLUTION - A PROMISED GIFT OF LEONARD A. LAUDER'S GROUP OF CUBIST PAINTINGS, AN UNRIVALED COLLECTION OF SEVENTY-EIGHT WORKS BY PICASSO, BRAQUE, GRIS AND LEGER. CONCURRENT WITH THE PROMISED GIFT - WITH THE SUPPORT OF MUSEUM TRUSTEES AND OTHERS, INCLUDING MR. LAUDER, THE METROPOLITAN MUSEUM IS ESTABLISHING THE LEONARD A. LAUDER RESEARCH CENTER FOR MODERN ART, ALLOWING THE MUSEUM TO PURSUE BROAD-REACHING SCHOLARSHIP. IT WILL BE THE FIRST SUCH CENTER DEDICATED EXCLUSIVELY TO MODERN ART WITHIN AN ENCYCOPEDIC INSTITUTION. THE MUSEUM CONTINUES TO ENHANCE THE COLLECTIONS THROUGH KEY ACQUISITIONS INCLUDING IN FISCAL 2013 A MARBLE FIGURE OF THE SLEEPING ADONIS BY THE BAROQUE VIRTUOSO ANTONIO CORRADINI (1688-1752); A SEVENTEENTH-CENTURY IVORY CARVING, SAINT SEBASTIAN, BY THE AUSTRIAN ARTIST KNOWN AS MASTER OF THE FURIES (AUSTRIAN, SALZBURG); THIRTEEN SEMINAL WORKS OF TIBETAN AND NEPALESE ART DATING FROM THE ELEVENTH TO THE SEVENTEENTH CENTURY; EARLY WORK BY THE DEFINING EUROPEAN PAINTER JUSEPE DE RIBERA (CALLED LO SPAGNOLETTO, SPANISH, 1591-1652); A MAJOR CANVAS, VIRGIL'S TOMB BY MOONLIGHT FROM 1779; A MAGNIFICENT PORTRAIT OF ONE OF THE GREATEST POLITICAL FIGURES OF MODERN TIMES, CHARLES MAURICE DE TALLEYRAND; AND A LATE TWENTIETH-CENTURY WORK OF ART BY BARBARA KRUGER (BORN 1945). PART III (CONTINUED) THE CURATORIAL PROGRAMS ARE SUPPORTED BY NUMEROUS SERVICES AND RESOURCES. THE DEPARTMENTS OF PAINTINGS, PAPER, OBJECTS AND TEXTILE CONSERVATION PREPARE AND REVIEW EVERY ARTWORK SELECTED FOR A NEW INSTALLATION, SPECIAL EXHIBITION OR LOAN. THIS CONSERVATION EFFORT RANKS WITH THE BEST OF THE WORLD'S MAJOR MUSEUMS. THE THOMAS J. WATSON LIBRARY HOUSES VALUABLE RESEARCH MATERIAL AND MAKES IT AVAILABLE FOR CURATORIAL, EDUCATION, AND PUBLICATION PROJECTS. IN FISCAL YEAR 2013, 8,919 VISITS WERE MADE BY OUTSIDE RESEARCHERS (A 28% INCREASE FROM FY12). WATSON LIBRARY REGISTERED 2,404 NEW OUTSIDE RESEARCHERS. THE MUSEUM LIBRARIES CIRCULATED 70,111 ITEMS TO READERS. NINE WEEKLY SESSIONS OF STORY TIME IN NOLEN LIBRARY REACHED OVER 12,200 CHILDREN AND THEIR CAREGIVERS. THE LIBRARY CONTINUED TO DIGITIZE RARE COLLECTION MATERIALS, BOTH PRINTED AND MANUSCRIPT, AND TO MAKE THEM AVAILABLE ONLINE. THE MUSEUM CONTINUES TO BE A LEADING MUSEUM PUBLISHER IN THE WORLD AND AGAIN PRODUCED AN IMPRESSIVE NUMBER OF PUBLICATIONS, MANY TITLES RECEIVING EXCELLENT REVIEWS OR WINNING PRESTIGIOUS AWARDS. IN FISCAL YEAR 2013, THE EDITORIAL DEPARTMENT PUBLISHED TWENTY THREE PUBLICATIONS, INCLUDING TEN EXHIBITION CATALOGUES, NINE COLLECTION AND OTHER SCHOLARLY CATALOGUES, AND FOUR BULLETINS. A COMPLETELY RECONCEIVED AND REWRITTEN METROPOLITAN MUSEUM OF ART GUIDE WAS PUBLISHED IN 2012, THE FIRST NEW EDITION IN ALMOST THREE DECADES. WITH NEARLY 600 MASTERPIECES, IT REPRESENTS THE FULL SCOPE OF THE MUSEUM'S ENCYCLOPEDIC COLLECTION AND IS NOW AVAILABLE IN SIX TRANSLATED LANGUAGES. PART III (CONTINUED) THE MUSEUM'S EXHIBITION PROGRAM IS EXCEPTIONALLY DIVERSE, PRESENTING ABOUT 35 TEMPORARY EXHIBITIONS, PERMANENT COLLECTION ROTATIONS, AND OUTGOING LOAN SHOWS PER YEAR FOCUSING ON A WIDE RANGE OF THEMES, PERIODS, CULTURES, AND INDIVIDUAL ARTISTS. THE FOLLOWING EXHIBITIONS WERE AMONG THE HIGHLIGHTS THIS YEAR: "REGARDING WARHOL: SIXTY ARTISTS, FIFTY YEARS"; "BERNINI: SCULPTING IN CLAY"; "FAKING IT: MANIPULATED PHOTOGRAPHY BEFORE PHOTOSHOP"; "EXTRAVAGANT INVENTIONS: THE PRINCELY FURNITURE OF THE ROENTGENS"; "GEORGE BELLOWS"; "MATISSE: IN SEARCH OF TRUE PAINTING"; "IMPRESSIONISM, FASHION, AND MODERNITY"; "PHOTOGRAPHY AND THE AMERICAN CIVIL WAR"; "PUNK: CHAOS TO COUTURE"; "THE ROOF GARDEN COMMISSION: IMRAN QURESHI"; "SEARCH FOR THE UNICORN: AN EXHIBITION IN HONOR OF THE CLOISTERS' 75TH ANNIVERSARY"; "THE BOXER: AN ANCIENT MASTERPIECE"; "THE CYRUS CYLINDER AND ANCIENT PERSIA: CHARTING A NEW EMPIRE"; "EARTH, SEA, AND SKY: NATURE IN WESTERN ART - MASTERPIECES FROM THE METROPOLITAN MUSEUM OF ART" (PRESENTED AT THE NATIONAL MUSEUM OF CHINA, BEIJING AND THE TOKYO METROPOLITAN MUSEUM, TOKYO); "VELZQUEZ'S PORTRAIT OF DUKE FRANCESCO I D'ESTE: A MASTERPIECE FROM THE GALLERIA ESTENSE, MODENA"; "AFRICAN ART, NEW YORK, AND THE AVANT-GARDE"; "BASHFORD DEAN AND THE CREATION OF THE ARMS AND ARMOR DEPARTMENT"; "CAMBODIAN RATTAN: THE SCULPTURES OF SOPHEAP PICH"; "STREET", A NEW VIDEO BY JAMES NARES. THE PERMANENT COLLECTION AND SPECIAL EXHIBITIONS CONTINUE TO BE ENHANCED BY A VARIETY OF EDUCATIONAL AND CONCERTS & LECTURES PROGRAMS. THE MUSEUM SERVES ALL AGE GROUPS, FROM PRE-SCHOOL CHILDREN TO SENIOR CITIZENS, AND MAINTAINS A BROAD RANGE OF EDUCATIONAL AND OUTREACH PROGRAMS. BUILDING ON THE PRIOR YEAR, THE MUSEUM CREATED NEW EVENTS IN WHICH LIVING ARTISTS ACTIVELY PARTICIPATED, OFFERING UNIQUE PERSPECTIVES. NOTABLY WAS THE FIRST-EVER PERFORMING-ARTIST RESIDENCY, WITH PAUL D. MILLER, AKA DJ SPOOKY, WHO COLLABORATED ON NUMEROUS PROJECTS WITH CURATORS, EDUCATORS, AND STAFF THROUGHOUT THE MUSEUM. LAST YEAR THE MUSEUM ORGANIZED SOME 25,815 EDUCATIONAL EVENTS REACHING 652,898 PEOPLE REPRESENTING AN INCREASINGLY NEW AND DIVERSE AUDIENCE. OF THE APPROXIMATELY 38,000 WHO ATTENDED A MET MUSEUM PRESENTS TICKETED PROGRAM, 60 PERCENT HAD NEVER BEFORE ATTENDED A CONCERT OR LECTURE AT THE MUSEUM. AT THE MAIN BUILDING AND THE CLOISTERS, THE MUSEUM WELCOMED 5,900 SCHOOL CLASSES, REPRESENTING 208,838 STUDENTS. TEACHER TRAINING, THROUGH ONSITE AND ONLINE WORKSHOPS, AS WELL AS PRINTED AND WEB-BASED TEACHER RESOURCES, WHICH ARE FREE UPON REQUEST FOR ALL NYC PUBLIC SCHOOLS AND AVAILABLE IN PDF FORM FOR SCHOOLS WORLDWIDE, ENABLE K-12 EDUCATORS TO MORE FULLY UTILIZE THE MUSEUM'S COLLECTIONS IN THEIR CURRICULA. PART III (CONTINUED) DURING THE YEAR 40,995 INDIVIDUALS PARTICIPATED IN FAMILY PROGRAMMING AND MANY MORE WERE ABLE TO ENRICH THEIR VISITS THROUGH PRINTED FAMILY GUIDES. FAMILIES WITH CHILDREN MAY ALSO DOWNLOAD AND PRINT THESE GUIDES AT HOME IN PREPARATION FOR THEIR MET VISIT. THE MUSEUM OFFERS SPECIALLY DESIGNED PROGRAMS FOR A DEDICATED TEEN AUDIENCE: 1,587 VISITORS (AGED 11 THROUGH 18) TOOK PART IN THESE PROGRAMS. FOR GENERAL VISITORS, THE MUSEUM OFFERS A COMPREHENSIVE SERIES OF LECTURES, GALLERY TALKS, AND GUIDED TOURS IN NUMEROUS LANGUAGES THROUGHOUT THE DAY, MOST OF WHICH ARE FREE WITH MUSEUM ADMISSION. LAST YEAR, 105,645 PEOPLE PARTICIPATED IN GALLERY TALKS AND GUIDED TOURS, AND 22,548 ATTENDED LECTURES. THE MUSEUM IS COMMITTED TO REACHING OUT TO POPULATIONS THROUGHOUT THE NEW YORK CITY COMMUNITY WHO MAY NOT BE FAMILIAR WITH THE MUSEUM. THIS INCLUDES THE MULTICULTURAL AUDIENCE DEVELOPMENT INITIATIVE (MADI) TO INCREASE AWARENESS OF THE MUSEUM'S PROGRAMS AND COLLECTIONS, TO CREATE ONGOING RELATIONSHIPS WITH THE MANY DIVERSE COMMUNITIES THAT MAKE UP NEW YORK, TO DIVERSIFY MUSEUM VISITORSHIP AND MEMBERSHIP, AND TO INCREASE PARTICIPATION IN MUSEUM ACTIVITIES. THE MULTICULTURAL ADVISORY COMMITTEE IS COMPOSED OF NEW YORK'S AFRICAN-AMERICAN, SOUTH ASIAN, ASIAN-AMERICAN, HISPANIC/LATINO, AMERICAN INDIAN, LGBT, AMERICAN MUSLIM, AND INTERFAITH CULTURAL LEADERS AND ORGANIZATIONS, WHO MEET ON A REGULAR BASIS WITH MUSEUM STAFF TO PURSUE THESE ONGOING GOALS. THE MUSEUM ALSO OFFERS A FULL RANGE OF PROGRAMS FOR VISITORS WITH VISION, HEARING, LEARNING, AND MOBILITY IMPAIRMENTS, AS WELL AS FOR THOSE WITH DEMENTIA AND THEIR CAREGIVERS. IN FISCAL 2013, 7,035 SUCH VISITORS PARTICIPATED IN 368 PROGRAMS. DESPITE THE EVER-INCREASING CHALLENGE TO MEET OPERATING NEEDS, THE MUSEUM IS COMMITTED TO FINDING WAYS TO BE MORE RESPONSIVE TO THE INTERESTS OF ITS AUDIENCE. IN THE LAST FISCAL YEAR, APPROXIMATELY 36% OF VISITORS TO THE MUSEUM WERE FROM OTHER COUNTRIES. THUS, AS THE NUMBER OF NON-ENGLISH SPEAKING VISITORS INCREASES, PROVIDING SERVICES TO MEET THEIR NEEDS BECOMES EVER MORE IMPORTANT. THE MUSEUM OFFERS A FOREIGN VISITORS INFORMATION DESK; A MUSEUM MAP AND INFORMATION BROCHURE IN ELEVEN LANGUAGES; AND MULTI-LINGUAL WALKING TOURS, GALLERY TALKS, AND VISITOR INFORMATION ON THE MUSEUM'S WEBSITE. PART III (CONTINUED) FISCAL YEAR 2013 SAW THE METROPOLITAN MUSEUM OF ART'S DIGITAL MEDIA DEPARTMENT AT THE FOREFRONT OF SEVERAL OF THE MUSEUM'S DEFINING ACHIEVEMENTS AND INITIATIVES. FORMED IN FY 2011, THE DEPARTMENT IS CHARGED TO BOLSTER THE MUSEUM'S EFFORTS TO EXPAND ITS REACH BEYOND ITS WALLS THROUGH THE USE OF DIGITAL MEDIA, LEADING THE CREATION, PRODUCTION, PRESENTATION, AND DISSEMINATION OF MULTIMEDIA CONTENT BOTH WITHIN THE GALLERIES AND ONLINE. THE MUSEUM'S WEBSITE, METMUSEUM.ORG, RECEIVED MORE THAN 40 MILLION VISITS, WITH A TOTAL OF MORE THAN 138 MILLION PAGEVIEWS, IN FISCAL YEAR 2013. OUR SOCIAL MEDIA CHANNELS--MOST NOTABLY FACEBOOK AND PINTEREST--CONTRIBUTED SIGNIFICANTLY TO SITE TRAFFIC AND OVERALL AWARENESS OF THE MUSEUM'S EXHIBITIONS AND PROGRAMS. THE MET'S FACEBOOK FOLLOWING INCREASED TO NEARLY ONE MILLION PEOPLE BY THE END OF THE FISCAL YEAR. IN JANUARY 2012 OUR SOCIAL MEDIA TEAM LAUNCHED AN INSTAGRAM ACCOUNT, WHICH QUICKLY BECAME ANOTHER EFFECTIVE WAY FOR THE MUSEUM TO ENGAGE WITH THE PUBLIC, BOTH LOCALLY AND GLOBALLY. THE WEBSITE ALSO MADE AVAILABLE THE WIDE RANGE OF PUBLIC PROGRAMS OFFERED IN THE MUSEUM. DOZENS OF LECTURES, PANELS, AND OTHER EDUCATIONAL PROGRAMS WERE VIDEOTAPED AND PRESENTED IN THE MET MEDIA SECTION OF THE MUSEUM'S WEBSITE. OVER THE COURSE OF THE YEAR, METMUSEUM.ORG ALSO LIVE STREAMED ELEVEN PROGRAMS MOUNTED BY MET MUSEUM PRESENTS, INCLUDING CONCERTS BY ARTIST-IN-RESIDENCE D.J. SPOOKY AND A PERFORMANCE OF THE CHINESE OPERA, THE PEONY PAVILION, IN THE ASTOR GARDEN COURT. FINDING NEW WAYS TO ENGAGE WITH OUR AUDIENCE IS AN ONGOING COMMITMENT, AND THIS YEAR WE AGAIN BUILT ON A SERIES OF AWARD-WINNING METROPOLITAN MUSEUM ONLINE INITIATIVES INSPIRED BY OUR VAST COLLECTION. THE MET AROUND THE WORLD (NEW EDITION LAUNCHED JULY 2012) ENRICHED THE PREVIOUSLY INTERNATIONALLY FOCUSED INSTITUTIONAL ACTIVITIES IN THE AREAS OF EXHIBITIONS, LOANS, CONSERVATION, EXCAVATIONS, FELLOWSHIPS, EXCHANGES, AND OTHER COLLABORATIONS TO INCLUDE DOMESTIC ACTIVITIES. LAUNCHED IN JANUARY 2013, 82ND & FIFTH WAS A YEARLONG INTERACTIVE WEB SERIES IN WHICH CURATORS FROM ACROSS THE MUSEUM INVITED VISITORS TO ENGAGE WITH THE INDIVIDUAL WORKS. LIKE 2011'S CONNECTIONS, ANOTHER GROUNDBREAKING WEB SERIES, 82ND & FIFTH SPEAKS DIRECTLY TO THE MUSEUM'S INTEREST IN LINKING HISTORICAL ART AND CULTURE TO A BROADER AUDIENCE. THE MUSEUM'S ONLINE PUBLISHING PROGRAM ALSO ADVANCED THIS YEAR WITH THE LAUNCH IN OCTOBER 2012 OF METPUBLICATIONS. AN ACHIEVEMENT THAT REAFFIRMS OUR COMMITMENT TO BOTH SCHOLARSHIP AND GLOBAL ACCESSIBILITY, IT IS A PORTAL TO THE INSTITUTION'S RENOWNED COMPREHENSIVE PUBLISHING PROGRAM, PROVIDING ACCESS TO NEARLY 900 BOOKS, MANY OF THEM OUT OF PRINT, AS WELL AS FIFTY YEARS OF BULLETINS AND JOURNALS. JULY 2013 SAW THE COMPLETION OF THE TMS CONSOLIDATION PROJECT. TMS (THE MUSEUM SYSTEM) IS THE DATABASE PROGRAM USED TO CATALOGUE AND TRACK ALL OBJECTS IN THE COLLECTION. THE MUSEUM'S TWENTY-THREE TMS DATABASES WERE CONSOLIDATED INTO A SINGLE SYSTEM. THIS WAS THE CULMINATION OF FOUR YEARS OF WORK AND MARKS THE FIRST TIME THE MUSEUM HAS HAD A SINGLE CENTRALIZED COLLECTION DATABASE. THE MUSEUM ALSO MADE STRIDES IN ITS MOBILE EFFORTS, PRODUCING A NUMBER OF FREELY DOWNLOADABLE APPLICATIONS AND ONLINE INTERACTIVES SUCH AS FAKING IT, BEYOND BATTLE, AND PLAIN OR FANCY. THE MUSEUM ALSO RELAUNCHED THE AUDIO GUIDE AVAILABLE TO ONSITE VISITORS. THE GUIDE IS AN ESSENTIAL PART OF THE VISITOR EXPERIENCE, AS IT PROVIDES INTERPRETIVE MEDIA ON THOUSANDS OF WORKS OF ART AND SPECIAL EXHIBITIONS, PROVIDING CONNECTIONS BETWEEN LEARNING ABOUT THE MUSEUM AND ITS COLLECTIONS AND ENCOUNTERING FACE-TO-FACE THE MAGNIFICENT WORKS AND PROGRAMS IN OUR GALLERIES. PART III (CONTINUED) THE MUSEUM AND ITS PERMANENT COLLECTIONS ARE CONTINUOUSLY ENHANCED THROUGH NEW INSTALLATIONS AND CAPITAL PROJECTS. THE MUSEUM CELEBRATED THE REOPENING IN MAY OF THE MUSEUM'S GALLERIES DEVOTED TO ITS WORLD-RENOWNED COLLECTION OF OLD MASTER PAINTINGS FROM THE THIRTEENTH THROUGH THE NINETEENTH CENTURY. THIS NEW SPACE IS A THIRD LARGER THAN ITS PREVIOUS INCARNATION AND ACCOMODATES THE DISPLAY OF MORE THAN 700 PAINTINGS IN FORTY-FIVE REDESIGNED GALLERIES. CONSTRUCTION ON A COMPREHENSIVE REDESIGN OF THE METROPOLITAN'S FOUR-BLOCK-LONG PLAZA - INCLUDING THE CREATION OF NEW FOUNTAINS AS WELL AS SEASONAL LANDSCAPING, IMPROVED ACCESS TO THE MUSEUM, AND NEW LIGHTING CONTINUES AND IS EXPECTED TO OPEN TO THE PUBLIC NEXT FALL. A BRAND-NEW MEMBERS LOUNGE ON THE SECOND FLOOR OF THE GREAT HALL BALCONY WAS COMPLETED IN THE FALL OF 2012. RENOVATION OF THE GALLERIES, LIBRARY, CONSERVATION SPACE, AND ADMINISTRATIVE OFFICES OF THE COSTUME INSTITUTE CONTINUES WITH EXPECTED COMPLETION IN SPRING 2014. WITH A GENEROUS ALLOCATION OF $6 MILLION FROM THE CITY OF NEW YORK, THE MUSEUM CONTINUED WORK ON ITS MULTIYEAR PLAN TO UPGRADE AND REPLACE COMPONENTS OF ITS INFASTRUCTURE. THE PROCESS OF THINKING ABOUT THE FULL SCOPE OF THE FACILITIES AND HOW BEST TO ALLOCATE PHYSICAL RESOURCES IN THE COMING DECADES CONTINUED TO BE A PRIORITY THIS YEAR. UNDER THE DIRECTION OF BEYER BENDER BELLE, THE MUSEUM IS ON TRACK TO COMPLETE ITS FEASIBIILTY STUDY THIS FALL. PART VI, LINE 1A GOVERNING BODY DELEGATED AUTHORITY IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE HAS THE RIGHT TO EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES OTHER THAN THE POWERS TO (1) PURCHASE, SELL, MORTGAGE OR LEASE REAL PROPERTY ON BEHALF OF THE MUSEUM; (B) FILL VACANCIES IN THE BOARD OF TRUSTEES OR IN ANY COMMITTEE; (C) AMEND OR REPEAL THE BY-LAWS OR ADOPT NEW BY-LAWS; AND (D) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE. PART VI, LINE 6 GOVERNING BODY AND MANAGEMENT THE MUSEUM DOES NOT HAVE "MEMBERS" AS SUCH TERM IS DEFINED IN THE INSTRUCTIONS TO FORM 990. HOWEVER, THE MUSEUM USES THE TERM "MEMBERS" IN CONNECTION WITH DUES, FEES, GOODS, BENEFITS, PRIVILEGES AND SERVICES AS ESTABLISHED BY THE MUSEUM FROM TIME TO TIME. PART VI, LINE 11B PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 THE MUSEUM'S FORM 990, INCLUDING REQUIRED SCHEDULES AND SUPPORTING DOCUMENTATION, IS INITIALLY COMPILED BY THE MUSEUM'S CONTROLLER'S OFFICE PRIMARILY RELYING ON THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S CONTROLLER, CHIEF FINANCIAL OFFICER, GENERAL COUNSEL, AND EXTERNAL TAX ADVISORS PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE MUSEUM'S SENIOR MANAGEMENT, INCLUDING THE MUSEUM'S DIRECTOR AND PRESIDENT, THE AUDIT COMMITTEE OF THE MUSEUM'S BOARD OF TRUSTEES, AND EXTERNAL LEGAL COUNSEL. A COMPLETE COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE. PART VI, LINE 12C CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, THE MUSEUM SEEKS TO ENSURE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY SENDING RELEVANT WRITTEN POLICIES TO SENIOR STAFF, TRUSTEES AND ADVISORY MEMBERS OF COMMITTEES OF THE BOARD OF TRUSTEES. EACH POLICY IS SENT WITH A STATEMENT, WHICH MUST BE COMPLETED, SIGNED AND RETURNED TO THE MUSEUM'S SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL. THE STATEMENT REQUIRES EACH INDIVIDUAL TO CONFIRM THAT HE OR SHE HAS (I) RECEIVED A COPY OF THE POLICY, (II) READ AND UNDERSTOOD THE POLICY AND (III) AGREES TO COMPLY WITH THE POLICY. THE INDIVIDUAL IS ALSO ASKED TO DISCLOSE ANY SITUATION OR AREAS OF POTENTIAL CONFLICTS OF INTEREST THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY MAY HAVE. THE STATEMENTS ARE COMPLETED AND RETURNED TO THE GENERAL COUNSEL'S OFFICE. WHEN POTENTIAL CONFLICTS ARISE, THEY ARE INITIALLY EVALUATED BY THE GENERAL COUNSEL WITH THE ASSISTANCE OF OUTSIDE LEGAL COUNSEL IF NECESSARY. CONFLICTS ARE RESOLVED IN CONSULTATION WITH THE MUSEUM'S DIRECTOR AND PRESIDENT (FOR STAFF) AND THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE LEGAL COMMITTEE OF THE MUSEUM'S BOARD (FOR TRUSTEES, INCLUDING THE DIRECTOR AND THE PRESIDENT). IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. PART VI, LINES 15A AND 15B COMPENSATION REVIEW THE COMPENSATION COMMITTEE ("THE COMMITTEE") OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF COMPENSATION AND BENEFITS PROGRAMS FOR THE MUSEUM'S OFFICERS, AND FOR ENSURING THAT THE COMPENSATION POLICIES OF THE MUSEUM ARE CONSISTENT WITH AND IN SUPPORT OF THE MUSEUM'S MISSION, VALUES AND LONG-TERM GOALS. THE INTENT OF THE COMMITTEE IS TO PROVIDE A TOTAL COMPENSATION PROGRAM FOR THE OFFICERS THAT PROMOTES THE MUSEUM'S LONG-TERM OBJECTIVES, AND IS REASONABLE, APPROPRIATE AND FAIR. ANNUALLY, AN INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE REVIEWS THE TOTAL COMPENSATION OF EACH OFFICER OF THE MUSEUM. THE INDEPENDENT COMPENSATION CONSULTANT MAKES RECOMMENDATIONS WITH RESPECT TO THE TOTAL COMPENSATION OF EACH OFFICER, AND THE COMMITTEE APPROVES THE COMPENSATION. COMPENSATION DECISIONS ARE MADE WITH REFERENCE TO COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE ROLES AT SIMILARLY SITUATED ORGANIZATIONS PRESENTED BY THE INDEPENDENT COMPENSATION CONSULTANT. THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE ALSO CONSIDER OTHER RELEVANT FACTORS IN DETERMINING COMPENSATION, INCLUDING THE MUSEUM'S MISSION AND GOALS, THE PERFORMANCE OF EACH OFFICER, AND THE MARKET FOR EXECUTIVE TALENT. THE COMMITTEE COMPLIES WITH THE "REBUTTABLE PRESUMPTION" PROCEDURES FOR DETERMINING THAT COMPENSATION IS REASONABLE UNDER INTERNAL REVENUE CODE SECTION 4958. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES. PART VI, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT, WHICH IS MADE AVAILABLE TO THE PUBLIC ON THE MUSEUM'S WEBSITE. THE MUSEUM MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. PART VIII, LINE 8 FUNDRAISING EVENTS NOTE THAT THE $4,581,578 LOSS ON LINE 8(C) DOES NOT INCLUDE THE $17,467,284 OF CONTRIBUTIONS WHICH RESULTED IN A NET GAIN FROM THESE EVENTS OF APPROXIMATELY $12.9 MILLION. PART VIII, LINE 10 GROSS SALES LESS RETURNS AND ALLOWANCES NOTE THAT THE GROSS PROFIT REPORTED ON LINE 10(C) DOES NOT INCLUDE EXPENSES REPORTED ON PART IX, LINE 25. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN THE FAIR VALUE OF INTEREST RATE AGREEMENTS AND EFFECT OF INTEREST RATE SWAPS $16,940,261; RECLASSIFICATIONS, FEES AND OTHER $(11,817,618); CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT $2,045,431; PENSION RELATED CHANGES OTHER THAN NPPC $37,957,118; ADDITIONAL RETIREMENT CONTRIBUTION $(3,927,421); PARTNERSHIP UBI $(385,072) TOTAL PART XI, LINE 5 $40,812,699. 13 CHARITABLE TRUSTS TRUST NA TRUST