2014-05-14T11:56:32-07:00 2013-06-30 990 2012-07-01 131624100 MUSEUM OF MODERN ART MUSE 2127089801 11 West 53rd Street New York NY 10019 James Gara 2127089801 2014-05-14 2012 2015-11-30 17:44:51Z Marie-Josee Kravis 11 West 53rd Street New York NY 10019 660727589 0 X www.moma.org X 1929 NY The Museum of Modern Art establishes, preserves, and documents a permanent collection of modern and contemporary art, presents exhibitions and educational programs, sustains a library, archives, and conservation laboratory and supports scholarship and publications. 41 39 1209 402 4274651 -300708 99837516 88978253 34934150 36801669 72703723 58540049 30341970 29802187 237817359 214122158 1042568 1067150 0 0 79104586 84974132 0 50000 14036828 139859319 134751650 220006473 220842932 17810886 -6720774 1458459054 1511429623 433444754 424623285 1025014300 1086806338 X See schedule O 0 0 102874671 1067150 38893026 Museum Operations - Curatorial and curatorial support departments include conservation, education, exhibitions, publications, library and archives. The Museum was founded in 1929 as an educational institution and maintains a vast breadth of educational programming, which increased in the years after the opening of the renovated and expanded main facility in 2004. In FY 2013, over 4 million children, students, and adults, of all abilities, were served by the Education Department: over 2.9 million onsite visitors who accessed free interpretative resources including labels and audio guides (offered in nine languages) to support their learning in the galleries; over 1 million who used online educational resources; and over 100,000 who participated in educational programs. MoMa's online following continues to flourish, reaching an extensive global audience. The Museum's 2012-13 special exhibition schedule showcased a broad range of modern and contemporary art, performance and film. Noteworthy exhibitions included Alighiero Boetti: Game Plan (7/1/2012-10/1/2012); Century of the Child: Growing by Design, 1900-2000 (7/29/2012-11/5/2012); The Scream (10/24/12-4/29/13); Meta-Monumental Garage Sale (11/17/12-11/30/12); Tokyo 1955-1970 (11/18/12-2/25/13); Christian Marclay: The Clock (12/21/12-1/21/13); Inventing Abstraction (12/24/12-4/15/2013); Wolfgang Laib (1/23/13-3/11/13); Labrouste (3/10/13-6/24/2013) and Claes Oldenburg (4/14/2013-8/5/2013). 33879008 0 3847117 Art Acquisitions: Notable acquisitions in FY 2013 included Paul Gauguin's The Creation of the Universe (1894, printed in 1921) from the Noa Noa series of woodcuts, of which the Museum now owns six of ten; Robert Rauschenberg's Canyon (1959), Ellsworth Kelly's Orange Green (1964), a gift that coincided with the Museum's celebration of the artist's 90th birthday; David Hammons's Untitled (Night Train) (1989) and Charles White's Black Pope (Sandwich Board Man) (1973), works by two artists central to the exhibition Now Dig This! Art and Black Los Angeles 1960-1980 at MoMA PS1 last year; and Mike Kelley's Deodorized Central Mass with Satellites (1991-1999), a major work featured in Mike Kelley (displayed at MoMA PS1), the largest exhibition to-date of one of the most prominent contemporary artists identified with Los Angeles and the first comprehensive survey since 1993. In keeping with the Museum's mission, these new acquisitions reinforce MoMA's commitment to establishing a collection of the highest order that reflects the vitality, complexity, and unfolding patters of modern and contemporary art. For more information, visit Moma.org/explore/collection and search by "recent acquisitions." 25802300 0 0 Security operation and maintenance of exhibition galleries and art collection. 0 0 0 162555979 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 0 1 554 0 1 1209 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 41 39 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X X John C Bailey - Controller 2127089801 11 West 53rd Street New York NY 10019 David Rockefeller 1 0 X X 0 0 0 Ronald S Lauder 1 0 X X 0 0 0 Robert B Menschel 1 0 X X 0 0 0 Agnes Gund 1 0 X X 0 0 0 Donald B Marron 1 0 X X 0 0 0 Jerry I Speyer 10 0 X X 0 0 0 Marie-Josee Kravis 10 0 X X 0 0 0 Sid R Bass 1 0 X X 0 0 0 Leon D Black 1 0 X X 0 0 0 Mimi Haas 1 0 X X 0 0 0 Richard E Salomon 1 0 X X 0 0 0 Wallis Annenberg 0.5 0 X 0 0 0 Lawrence B Benenson 1 0 X 0 0 0 Clarissa Alcock Bronfman 0.5 0 X 0 0 0 Patricia Phelps de Cisneros 1 0 X 0 0 0 Paula Crown 1 0 X 0 0 0 David Dechman 1 0 X 0 0 0 Glenn Dubin 1 0 X 0 0 0 John Elkann 1 0 X 0 0 0 Laurence D Fink 1 0 X 0 0 0 Kathleen Fuld 1 0 X 0 0 0 Howard Gardner 1 0 X 0 0 0 Vartan Gregorian 1 0 X 0 0 0 Anne Dias Griffin 1 0 X 0 0 0 Alexandra A Herzan 1 0 X 0 0 0 Marlene Hess 1 0 X 0 0 0 AC Hudgins 1 0 X 0 0 0 Jill Kraus 1 0 X 0 0 0 Thomas H Lee 1 0 X 0 0 0 Michael Lynne 1 0 X 0 0 0 Philip S Niarchos 1 0 X 0 0 0 James G Niven 1 0 X 0 0 0 Peter Norton 1 0 X 0 0 0 Maja Oeri 1 0 X 0 0 0 Michael S Ovitz 1 0 X 0 0 0 Richard D Parsons 1 0 X 0 0 0 David Rockefeller JR 1 0 X 0 0 0 Sharon Percy Rockefeller 1 0 X 0 0 0 Ronald O Perelman 1 0 X 0 0 0 Marcus Samuelsson 1 0 X 0 0 0 Anna Deavere Smith 1 0 X 0 0 0 Ricardo Steinbruch 1 0 X 0 0 0 Alice M Tisch 1 0 X 0 0 0 Edgar Wachenheim III 1 0 X 0 0 0 Gary Winnick 1 0 X 0 0 0 Celeste G Bartos 1 0 X 0 0 0 Eli Broad 1 0 X 0 0 0 Thomas S Carroll 1 0 X 0 0 0 Douglas S Cramer 1 0 X 0 0 0 Joel S Ehrenkranz 1 0 X 0 0 0 Gianluigi Gabetti 0.5 0 X 0 0 0 Barbara Jakobson 1 0 X 0 0 0 Werner H Kramarsky 1 0 X 0 0 0 June Noble Larkin 1 0 X 0 0 0 Peter G Peterson 0.5 0 X 0 0 0 Gifford Phillips 1 0 X 0 0 0 Emily Rauh Pulitzer 1 0 X 0 0 0 Jeanne C Thayer 0.5 0 X 0 0 0 Anna Marie Shapiro 1 0 X 0 0 0 Joan Tisch 1 0 X 0 0 0 Glenn D Lowry 40 0 X 1079632 0 777322 James Gara 40 0 X 659014 0 456722 Patty Lipshutz 40 0 X 370410 0 87605 Frank Ahimaz 40 0 X 559844 0 332045 Kathy Halbreich 40 0 X 422759 0 91877 Todd Bishop 40 0 X 296404 0 171828 Peter Reed 40 0 X 339863 0 90796 Ramona Bannayan 40 0 X 258424 0 133097 Jan Postma 40 0 X 294807 0 41528 Ann Temkin 40 0 X 248270 0 74885 Barry Bergdoll 40 0 X 229266 0 79801 Klaus Biesenbach 0 40 X 0 287958 7676 Tunji Adeniji 40 0 X 237020 0 46637 Rajendra Roy 40 0 X 222397 0 51962 Christophe Cherix 40 0 X 220184 0 52604 Sabine Breitwieser 40 0 X 224213 0 38898 Cornelia Butler 40 0 X 210068 0 32266 Quentin Bajac 40 0 X 0 0 0 Tony Wai 40 0 X 291871 0 176198 Kathy Thornton-Bias 40 0 X 407849 0 42017 Christopher Hudson 40 0 X 303341 0 96814 Patricia Jeffers 40 0 X 257514 0 68996 Juan Montes 40 0 X 265138 0 41818 7398288 287958 2993392 117 0 1 0 Bluewater Communication Group LLC 110 Parkway Drive South Hauppauge NY 11788 Information Technology 1150212 Diller Scofidio and Renfro 601 West 26 Street New York NY 10001 Architect 1002969 Proskaur Rose LLP Eleven Time Square New York NY 10036 Legal Services 447863 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 Audit Fees 348760 Paulette Giguere 303 7th Street Brooklyn NY 11215 Graphics 152445 5 0 3013454 5140565 0 177829 80646405 5982276 88978253 Admissions 712100 27507101 27507101 0 0 Exhibition Tour Income 712100 6504362 6504362 0 0 2790206 2790206 0 0 36801669 14101841 0 -1120863 15222704 0 0 0 0 0 0 0 0 1529025 0 235857 0 1293168 0 1293168 0 0 1293168 460625000 3847117 420033909 0 40591091 3847117 44438208 3847117 0 40591091 524500 5140565 1831451 -1306951 0 -1306951 0 0 0 0 0 0 50585454 24504214 26081240 22664070 3417170 0 Museum Restaurants 722100 1162919 0 0 1162919 Corporate Events 900099 2571811 593467 1978344 0 0 0 0 0 3734730 214122158 63906323 4274651 56962931 1067150 1067150 0 0 0 0 0 0 6988777 2685487 3903290 400000 0 0 0 0 53740841 41620506 8401262 3719073 10790346 7872221 2186254 731871 9220131 6726654 1868109 625368 4234037 3376287 597989 259761 0 0 0 0 1127336 49301 1078035 0 301260 0 301260 0 90000 0 90000 0 50000 50000 5054555 0 5054555 0 14144625 9359290 2377695 2407640 6409835 4415807 0 1994028 13388508 11478980 1451328 458200 998314 82025 916289 0 101489 101489 0 0 14478204 6574648 5774909 2128647 3473667 3127909 266616 79142 10352439 8745286 1209813 397340 26168177 17717799 8267846 182532 2135672 1509854 401711 224107 Acquisition of Works of Art 33879008 33879008 0 0 Membership Dues and Subscriptions 455517 171518 276000 7999 Administrative & Other Expenses 2193044 1994760 -172836 371120 220842932 162555979 44250125 14036828 8755947 13425669 20102068 19886660 172550781 170063190 1398710 4867160 0 0 0 0 0 0 9321088 11777030 8670434 10249446 771616360 267707337 525612260 503909023 349351508 380168166 322815865 330438488 0 0 0 0 39880393 66644791 1458459054 1511429623 37396833 43274576 0 39882368 51599763 256644554 253684988 0 5245220 4314247 0 33000000 21000000 61275779 50749711 433444754 424623285 X 618451113 659774226 162903061 181752059 243660126 245280053 1025014300 1086806338 1458459054 1511429623 X -6720774 49488050 0 0 0 19024762 X 0 1 X 1 0 X 62933969 67986812 91348611 99837516 88978253 411085161 0 0 0 0 0 0 0 0 0 0 0 0 62933969 67986812 91348611 99837516 88978253 411085161 411085161 8903526 13664078 17076148 15783171 15630866 71057789 307814 0 132868 1159754 0 1600436 2668570 4654878 4839958 4744645 4259230 21167281 504910667 140186345 0.81417 0.81826 X Other income includes gross income from fundraising and corporate events and ancillary revenue from the restaurant operations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 90000 90000 220752932 220842932 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 42000 78500 134000 90000 344500 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 0 0 X X X X 0 438939000 37247000 30123000 0 46618000 0 459691000 429992000 41254000 -2947000 0 29360000 0 438939000 356715000 48006000 23497000 0 -1774000 0 429992000 324195000 34778000 16174000 0 18432000 0 356715000 384845000 28593000 -42626000 0 46617000 0 324195000 0.064 0.534 0.402 0 0 0 91352129 91352129 0 535541925 193255837 342286088 0 4407316 4285619 121697 0 77934101 70165881 7768220 0 62380889 0 62380889 503909023 0 0 Equity Long/Short 33561340 F Credit 66897018 F Multi-Strategy & Other 104183237 F Private Equity 83517986 F Real Assets 10127907 F Fixed Income (Level 3) 15000000 F Equity (long-only, Level 3) 17151000 F 330438488 0 Pension 46380057 Funds held on behalf of others 4369654 50749711 301528713 49488050 0 0 44891281 94379331 207149382 6972776 0 6972776 214122158 241778000 0 0 0 27907844 27907844 213870156 6972776 0 6972776 220842932 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The Museum's collections, acquired through purchase and contributions, are not recognized as assets on the consolidated statements of financial position. Purchases of collection items are recorded in the year in which the items were acquired as decreases in unrestricted net assets. Contributed collection items are not reflected in the consolidated financial statements. Proceeds from deaccessions, which are reflected as increases in temporarily restricted net assets, are used exclusively to acquire other items for the collection. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Museum is chartered as an educational institution whose collection of modern and contemporary art is made available to its members and the public to encourage an ever-deeper understanding and enjoyment of such art by the diverse local, national, and international audiences that it serves. In pursuit of this goal, the Museum has collected over 150,000 works of painting, sculpture, drawing, printmaking, photography, film, performance, media, architecture, and industrial and graphic design. Through the leadership of its Board of Trustees and staff, the Museum strives to establish, reserve, and document a permanent collection of the highest order that reflects the vitality, complexity and unfolding patterns of modern and contemporary art; present exhibitions and educational programs of unparalleled significance; sustain a library, archives and conservation laboratory that are recognized as international centers of research; and support scholarship and publications of preeminent intellectual merit. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The Museum's endowment funds consist of approximately 150 individual funds established for a variety of purposes, including art acquisitions, exhibitions, publications, educational and operating support. Its endowment includes both donor restricted endowment funds and funds designated by the Board to function as endowments. As required by Generally Accepted Accounting Principles, net assets associated with endowments funds, including funds designated by the board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The long term focus of the Museum's investment portfolio is to support the Museum's mission by providing a reliable source of funds for current and future use. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Primarily consists of cost of goods sold on retail operations ($24,504,214), defined benefit plan changes other than net periodic benefit costs ($18,134,713), amounts related to special events and exhibitions $1,646,043, interest income related to development rights $3,520,000 and related organizations that file separate returns ($7,759,750). SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Primarily consists of cost of goods sold on retail operations ($24,504,214), amounts related to special events and exhibitions $1,646,043, interest income related to development rights $3,520,000 and related organizations that file separate returns ($9,801,010). Central America and the Caribbean 0 0 Investments 102312608 Europe (including Iceland and Greenland) 0 0 Investments 11675972 North America (including Canada and Mexico, but not the United States) 0 0 Investments 10093999 0 0 124082579 1 0 1 1 1 0 X X X X X X 1 John Brown Limited Inc PO Box 296 Peterborough NH 03458 Develop, strategize and fund-raise for Museum expansion project. 0 0 50000 -50000 0 50000 -50000 AL AR AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MS MT NC ND NE NH NJ NM NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY Party in the Garden 3093850 2860030 233820 0 0 82632 190663 52500 694521 DR Luncheon 1180000 1134000 46000 0 0 13900 39557 0 52948 3 1391215 1146535 244680 0 0 78530 165177 38070 422953 5665065 5140565 524500 0 0 175062 395397 90570 1170422 1831451 -1306951 1 PS1 Contemporary Art Center Inc 46-01 21st Street Long Island City NY 11101 237379091 501c(3) 1067150 0 Operating Support 1 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The Museum as sole Member of PS1 Contemporary Art Museum (DBA MoMA PS1). In 2000 MoMA PS1 and the Museum entered into an affiliation to promote the study, knowledge, enjoyment and appreciation of modern and contemporary art through a collaborative program of exhibitions, research, special projects and other educational and curatorial activities. MoMA PS1 retained its separate corporate status and is a support corporation of the Museum with the Museum as its sole corporate member. The Museum has the right to appoint all members of the MoMA PS1 board of Directors. MoMA PS1 and the Museum entered into a management assistance and services agreement whereby the Museum provides management assistance and service to MoMA PS1 in certain areas, including amongst other areas, accounting and payroll, fundraising and development, coordination of MoMA PS1's information technology, insurance and legal affairs. X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 Glenn D Lowry 719013 0 358813 0 1806 0 426888 0 350434 0 1856954 0 0 0 James Gara 426478 0 213660 0 18875 0 425194 0 31528 0 1115735 0 213660 0 Patty Lipshutz 350785 0 0 0 19625 0 57671 0 29934 0 458015 0 0 0 Frank Ahimaz 401076 0 158076 0 691 0 299268 0 32777 0 891888 0 150000 0 Kathy Halbreich 419933 0 0 0 2825 0 59744 0 32133 0 514635 0 0 0 Todd Bishop 295933 0 0 0 471 0 138195 0 33633 0 468232 0 0 0 Peter Reed 338338 0 0 0 1524 0 54911 0 35885 0 430658 0 0 0 Ramona Bannayan 257829 0 0 0 596 0 100068 0 33029 0 391522 0 0 0 Jan Postma 294533 0 0 0 274 0 8720 0 32808 0 336335 0 0 0 Ann Temkin 247717 0 0 0 553 0 40248 0 34637 0 323155 0 0 0 Barry Bergdoll 228312 0 0 0 954 0 45164 0 34637 0 309067 0 0 0 Klaus Biesenbach 0 287525 0 0 0 433 0 0 0 7676 0 295634 0 0 Tunji Adeniji 236487 0 0 0 533 0 12000 0 34637 0 283657 0 0 0 Rajendra Roy 222185 0 0 0 212 0 16076 0 35886 0 274359 0 0 0 Christophe Cherix 219974 0 0 0 210 0 21429 0 31175 0 272788 0 0 0 Sabine Breitwieser 223457 0 0 0 757 0 6090 0 32808 0 263112 0 0 0 Cornelia Butler 209766 0 0 0 302 0 0 0 32266 0 242334 0 0 0 Quentin Bajac 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tony Wai 229160 0 62500 0 211 0 152688 0 23510 0 468069 0 62500 0 Kathy Thornton-Bias 407317 0 0 0 532 0 12000 0 30017 0 449866 0 0 0 Christopher Hudson 301302 0 0 0 2039 0 65312 0 31502 0 400155 0 0 0 Patricia Jeffers 256935 0 0 0 579 0 34111 0 34885 0 326510 0 0 0 Juan Montes 264168 0 0 0 970 0 10800 0 31018 0 306956 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a As a condition of employment, the Museum requires the Director to reside in the Museum's apartment on the premises in Museum Tower in furtherance of the Museum's operations and mission and for the convenience of the Museum. Health club membership dues of the Director are paid for by the Museum and included in the Director's compensation. Business class travel was in accordance with the Museum's Travel and Expenditure guidelines which allows the highest level of travel, business class, on flights longer than nine hours. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 The Museum provides bonus and incentive compensation based on measured performance objectives described in schedule J, Part II note. SchJ_P02_S00_L00 Schedule J, Part II Glenn D Lowry - Director and Chief Executive Officer. Full-time employee, officer and ex-officio trustee. Included in bonus and incentive compensation for 2012 is an annual bonus of $358,813 The Director was eligible for a long term performance bonus related to accomplishments of certain performance objectives over the period 2009-2013. As a condition of employment and for the Museum's convenience, the Director is required to reside on the museum's premises. The estimated value of his housing approximates $318,000 per annum, included in column D. James Gara - Chief Operating Officer and Assistant Treasurer. Full-time employee and officer but not Trustee. Included in bonus and incentive compensation is a performance bonus plan. A portion of the multi-year bonus plan was paid in 2012 and is included in compensation. The plan was subject to the achievement of multi-year service and performance requirements. Frank Ahimaz - Chief Investment Officer. Full-time employee but not Trustee. Eligible for annual bonus based on achievement of performance measures. Todd Bishop - Senior Deputy Director of External Affairs. Full-time employee but not Trustee. Eligible for annual bonus based on achievement of performance measures. Klaus Biesenback is the Director of MoMA PS1 and receives compensation from that entity. He also serves as MoMA's Chief Curator at Large. A The Trust for Cultural Resources of the City of New York Series 2008 One-A 911882413 649717PC3 2008-07-23 202520188 Refund various Bonds of Issuer 0 0 0 B The Trust for Cultural Resources of the City of New York Series 2010 One-A 911882413 649717QL2 2010-07-29 64582831 Refund Issuer's 2008 One-A and pay costs of issuance 0 0 0 C The Trust for Cultural Resources of the City of New York Series 2012 One-D & Series 2012A 911882413 649717RM9 2012-05-01 104770510 Refund Issuer's 1996A, 2001A, 2001-One-D, and pay costs of issuance 0 0 0 A 64210000 0 202818443 0 0 0 1080188 0 0 0 201738255 0 1 0 1 1 B 0 0 64593399 0 0 0 433188 0 0 0 64160211 0 1 0 1 1 C 2980000 0 104778309 0 0 0 733735 0 0 0 104033045 11529 1 0 1 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 SchK_P01_S00_L00 Schedule K, Part I Part II, Question 13, Columns A,B & C: Since the proceeds of all Bonds are used for refunding purposes, the year of substantial completion is not applicable. SchK_P01_S00_L00c Schedule K, Part I, Column c CUSIP listed matches the one listed on the Issuer's Form 8038. However, this is not the final CUSIP number for the Bonds. The final CUSIP number is 649717PD1 corresponding to the final maturity of 4/1/31. SchK_P01_S00_L00f Schedule K, Part I, Column f A - Bonds refunded by 2008-One-A Bonds: Issuer's 2000-One-A (issued 3/14/00), 2000-One-B (issued 3/14/00), 2001-One-A (issued 12/31/01), 2001-One-B (issued 12/31/01), 2001-One-C (issued 12/31/01). B - The 2010-One-A Bonds refunded a portion of the Issuer's 2008 One-A Bonds (issued 7/23/08). C - Bonds refunded by 2012 Bonds: Issuer's 1996A (issued 11/20/96), 2001A (12/31/01), and 2001-One-D issued 12/31/01). SchK_P02_S00_L03 Schedule K, Part II, Line 3 Columns A,B, and C: Amount listed differs from the issue price listed in Part 1, (e) due to investment earnings from refunding escrows. Top of the Rock LLC see comment 295008 see comment 0 John Brown Limited Inc former key employee 50000 see comments 0 Trustee Trustee 4412237 see comment 0 SchL_P04_S00_L00 Schedule L, Part IV The Museum has an agreement with Top of the Rock, LLC which provides for each of the Museum and Top of the Rock to sell "combo packages" of admission tickets at a discount, to each of the Museum and Top of the Rock. The Museum and Top of the Rock each remit funds to the other for admission tickets sold for entrance to the others venue. Two Trustees of the Museum have direct or indirect financial interests in Top of the Rock. John Brown Limited Inc - The Museum has retained a former key employee as a consultant to develop, strategize and fund-raise for the Museum expansion project. Trustee - A trustee of the Museum also serves as a senior official at an auction house where the Museum from time to time consigns art work for sale by auction. X 1270 0 not applicable X 60 5982276 settlement 0 0 1 1 SchM_P01_S00_L00 Schedule M, Part I Nonmonetary contributions are recorded at the estimated fair value at date of receipt if the Museum received certain goods and services that meet criteria under generally accepted accounting principles for recognition as contributions. SchM_P01_S00_L01 Schedule M, Part I, Line 1 Loans of art work to the Museum - From time to time Trustees of the Museum may loan artworks to the Museum for a limited duration of time for specific exhibitions. SchM_P01_S00_L09 Schedule M, Part I, Line 9 Gifts of stock from the same person, on the same trade date, are considered in the aggregate as one gift. SchM_P01_S00_L32b Schedule M, Part I, Line 32b A third party bank is authorized to sell donated securities as soon as possible upon confirmation by the Museum. SchM_P01_S00_L33 Schedule M, Part I, Line 33 In accordance with FASB Statement of Financial Accounting Standards 116, the Museum does not treat donations of art as revenue or record these art works on the Statement of Financial Position as these art works are used to support the Museum's educational mission. Proceeds from the deaccessions of artwork are used solely to acquire other items for the collection. F990_P03_S00_L00 Form 990, Part III The Museum of Modern Art is a private,nonprofit institution chartered by the State of New York in 1929 to foster public awareness of modern and contemporary art. In pursuit of this goal, the Museum has collected over 150,000 works of art, including works of paintings, sculpture, drawing, printmaking, photography, film, media, performance, architecture, and industrial and graphic design. The Museum also operates a publishing program, conducts an extensive educational program, and maintains a major library and archives. Its exhibitions are circulated nationally and internationally. The Museum's primary sources of support are admissions fees and membership dues, grants from individuals, foundations and corporations, endowment income and revenue from retail sales of Museum related products. The Museum is managed by a Board of Trustees, consisting of 40 voting members. A Director and an administrative and curatorial staff oversee its operations and implement policy set by the board. Each year the Museum acquires through donation or purchase, in each of its curatorial departments, numerous works for its permanent collection.Acknowledged worldwide for its collection of 20th and now 21st century art, the Museum has been instrumental in introducing the art of this period into the mainstream of modern life. The range of the museum's program of temporary exhibitions extends from retrospective studies of the work of major modern and contemporary artists to examinations of the cultural and aesthetic contexts of major historical moments, and also supports the work of less well known living artists through continuing exhibitions to review the latest trends in contemporary art. The Museum's programs are organized through seven curatorial and a number of curatorial support departments. The curatorial support departments include collection care, collection exhibition technology, conservation, exhibition administration, exhibition design and production, film operations and preservation, imaging, outgoing loans, provenance, and registrar. In addition, the quality and depth of the Museum's collection enable the Museum to maintain an extensive loan program, which serves institutions both in the United States and abroad. Each year the Museum lends numerous works beyond those exhibited in its own galleries. The Museum was founded in 1929 as an educational institution and maintains a vast breadth of educational programming, which increased in the years after the opening of the renovated and expanded main facility in 2004. An estimated 100,000 individuals participate in targeted educational programs on and off site each year, and all Museum visitors have access to many forms of educational resources that complement the collection and exhibitions. These resources include information labels public tours and audio tours in seven languages as well as visual description tours for the blind and partially sighted and others with disabilities. The Education Center provides a central location for a wide array of educational resources including three classrooms, a theater, a publicly accessible library, an archive reading room, and three curatorial study centers. Educational programs take place throughout the week. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 The Museum's Board of Trustees includes two members from the same family - David Rockefeller, who is not a voting trustee and David Rockefeller, Jr. Robert B Menschel, a non voting trustee as well, is a Senior Director of Goldman Sachs. He refrains from any decision-making or transactions between the Museum and Goldman Sachs. Two Trustees of the Museum have direct or indirect financial interests in Top of the Rock, an observation deck in Rockefeller Center. The Museum has an agreement with Top of the Rock, LLC which provides for each of the Museum and Top of the Rock to sell "combo packages" of admission tickets at a discount, to each of the Museum and Top of the Rock. In addition, these Trustees also have direct and indirect interests together in entities that own real estate investment properties around the world. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The Museum's Bylaws provide that the Members of the Corporation shall consist of members of the Board of Trustees, all persons who on November 1, 1939 were Patrons, Contribution Members or Sustaining Members, and all other persons who, subsequent to November 1, 1939, have been or shall be designated by the Board of Trustees as members of the Corporation. Members have equal voting rights. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The Museum's Bylaws provide that the Members of the Corporation shall consist of members of the Board of Trustees, all persons who on November 1, 1939 were Patrons, Contribution Members or Sustaining Members, and all other persons who, subsequent to November 1, 1939, have been or shall be designated by the Board of Trustees as members of the Corporation. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Museum's form 990 is drafted by the Museum's Controller's Office with input from many Museum departments. It is then reviewed by Museum senior staff including the Director, the Chief Operating Officer, the Chief Financial Officer, and the General Counsel, as well as by external tax advisors. The 990 is then presented to the Museum's Audit Committee of the Board of Trustees for review and approval. A copy of the 990 is provided to each member for the Board of Trustees electronically or in printed copy prior to filing the return. The 990 is available to the public through the Museum's website www.moma.org. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c On an annual basis, the Museum distributes its Code of conduct to all Trustees and designated employees and requires that Conflict of Interest Questionnaires be completed and returned for initial review by the Office of the General Counsel and the Director of Human Resources respectively. Amongst other things, the Conflict of Interest Questionnaire requires the responder: confirm that he or she has read and understands the Code of Conduct, agree to abide by it, identify whether he or she or a family member has any relationship with the Museum that may represent a conflict of interest as defined by the Code and report any knowledge of a transaction which should be reported under the Code, etc. When potential employee conflicts of interest are reported or identified, when necessary, an investigation is conducted to determine the facts and circumstances and recommendation of action, if warranted. Such action may include, but is not limited to, prohibiting the individual from participating in deliberations and decisions regarding the transaction in question, or taking disciplinary action, which in appropriate circumstances may include suspension or termination. The employee's supervisor is notified of an employee with identified conflicts and the action to be taken, if any. When potential Trustee conflicts of interest are reported or identified, the General Counsel's office makes a report to a committee of the Board of Trustees with a recommendation for action, if warranted, including but not limited to disclose to the Board of Trustees, prohibiting the Trustee from participating in and/or voting on the transaction in question, resignation from the Board of Trustees, etc. The Code of Conduct further provides that the committee make a recommendation to the Chairman of the Board for decision by the Board. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The process for determining the compensation for the Museum director and other key employees includes reviews and approval by the Board of Trustees' Compensation Subcommittee of the Executive Committee (the "committee") a committee of the governing body consisting of independent trustees, and not including the Director or other staff members. In making its determination, the Committee obtains and reviews comparability data with respect to compensation levels paid for comparable job positions obtained through the assistance of an expert compensation consultant which, in appropriate instances, includes survey data regarding compensation levels paid by similarly situated organizations for comparable employment positions, form 990 data from other leading museums and cultural and education institutions, as well as for profit institutions which may be interested in recruiting the Museum staff. The determination, deliberation and decisions made by the Committee are contemporaneously substantiated and documented in minutes of the meeting which include the Committee members present and participation, the compensation terms approved, the data relied upon and how it was obtained. The Committee periodically meets and reviews, the last meeting was held in July, 2013. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Museum's governing documents are available for review. Conflict of Interest policy, Code of Conduct policy, prior years Financial Statements and prior years 990 are available to the public through the Museum's website www.moma.org. F990_P11_S00_L09 Form 990, Part XI, Line 9 Primarily defined benefit plan changes other than net periodic benefit costs $18,134,713, change in swap valuation $890,049. Modern and Contemporary Art Support Corp 11 West 53rd Street New York NY 10019 133910972 Receive, acquire & hold title in ppty DE 501 (c) 3 11 - Type 1 N/A 1 MoMA Auxiliaries 11 West 53rd Street New York NY 10019 133975341 Manage Retail Operations DE 501 (c) 3 11 - Type 1 N/A 1 PS1 Contemporary Art Center Inc 46-01 21st Street Long Island City NY 11101 237379091 Contemporary Art Exhibitions NY 501 (c) 3 7 N/A 1 AFE LLC 11 West 53rd Street New York NY 10019 202379359 Real Estate NY N/A Related 299342 4623923 0 1 1 Alta Cultura 11 West 53rd Street New York NY 10019 134114902 General Business Corporation DE N/A C 0 857198 1 0 5 Charitable Trusts N/A Various NY 10019 Trust NY N/A T 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 PS1 Contemporary Art Center Inc l 705040 cost method PS1 Contemporary Art Center Inc b 1067150 cost method Modern and Contemporary Art Support Corp p 599301 cost method