2014-09-05T15:11:43-05:00 2013-12-31 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2013-01-01 133585408 MUSEUM OF ARTS AND DESIGN MUSE 2122997777 2 COLUMBUS CIRCLE NEW YORK NY 100191800 ROBERT CUNDALL DEPUTY DIRECTOR / COO 2122997777 2014-08-28 1 FREDERICK MARTENS P00298107 2126972299 2013 2015-11-30 17:44:51Z GLENN ADAMSON 2 COLUMBUS CIRCLE NEW YORK NY 100191800 27904762 0 X WWW.MADMUSEUM.ORG X 1991 NY IN 2013, THE MUSEUM OF ARTS AND DESIGN MARKED ITS FIFTH ANNIVERSARY AT 2 COLUMBUS CIRCLE. GLENN ADAMSON, A LEADING ACADEMIC IN THE FIELD OF CRAFT AND FORMERLY HEAD OF RESEARCH AT THE VICTORIA AND ALBERT MUSEUM, JOINED AS THE MUSEUM'S NEW CEO AND NANETTE L. LAITMAN DIRECTOR. 33 33 116 68 -3470 -3720 8024411 12840852 1446545 1394431 64981 932204 2363094 2424558 11899031 17592045 0 0 0 0 4405081 4813028 135896 1775 1408913 9565349 9091351 14106326 13906154 -2207295 3685891 96421744 93570971 8568705 1227605 87853039 92343366 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 7763987 1335981 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 FY13, THE MUSEUM REACHED APPROXIMATELY 250,000 VISITORS THROUGH TEN DISTINCT EXHIBITIONS AT ITS HOME ON COLUMBUS CIRCLE, INCLUDING PLAYING WITH FIRE: 50 YEARS OF CONTEMPORARY GLASS (11/20/12-8/25/13), THE ART OF SCENT 1889-2012 (11/20/12-3/3/13), DORIS DUKE'S SHANGRI LA: ARCHITECTURE, LANDSCAPE, AND ISLAMIC ART (9/4/12-2/17/13), DANIEL BRUSH: BLUE STEEL GOLD LIGHT (10/16/12-2/24/13), AGAINST THE GRAIN: WOOD IN CONTEMPORARY ART, CRAFT AND DESIGN (3/ 19/13-9/12/13), AFTER THE MUSEUM: THE HOME FRONT 2013 (3/5/13-5/12/13), WEAR IT OR NOT: RECENT JEWELRY ACQUISITIONS (3/12/13 6/ 2/13), BODY & SOUL: NEW INTERNATIONAL CERAMICS (9/24/13-3/2/14), FASHION JEWELRY: THE COLLECTION OF BARBARA BERGER (6/ 25/13-4/ 20/14), AND OUT OF HAND: MATERIALIZING THE POST-DIGITAL (10/15/13-6/1/14). MAD'S TRAVELING EXHIBITIONS ENABLED THE MUSEUM TO REACH NEW AUDIENCES AROUND THE WORLD AND INCLUDED CHANGING HANDS: ART WITHOUT RESERVATION 3 AT THE MEMORIAL ART GALLERY IN ROCHESTER, NY (11/18/12-2/10/13), OTHERWORLDLY: OPTICAL DELUSIONS AND SMALL REALITIES AT THE MUBA-TOURCOING IN LILLE, FRANCE (10/6/12- 1/13/13), AGAINST THE GRAIN: WOOD IN CONTEMPORARY CRAFT AND DESIGN AT THE MINT MUSEUM IN CHARLOTTE, NC (9/1/12-1/27/13), AND READ MY PINS: THE MADELEINE ALBRIGHT COLLECTION, WHICH TOURED TO SEVERAL VENUES, INCLUDING THE MINT MUSEUM IN CHARLOTTE, NC (6/30/12-9/23/12) AND THE BOWERS MUSEUM IN ORANGE COUNTY, CA (10/ 20/12-1/13/13). 3263879 1635337 EDUCATION AND OTHER PROGRAMS: MAD'S EDUCATION AND PUBLIC PROGRAMS ARE A HALLMARK OF ITS VISITOR EXPERIENCE, AND IN FY13, THE MUSEUM CONTINUED TO DEVELOP AND EXPAND ITS SIGNATURE OFFERINGS TO ENGAGE WIDE 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 THROUGH ARTS ACCESS, AS WELL AS THOSE SERVING SUSPENSIONS IN ALTERNATE LEARNING CENTERS IN MANHATTAN AND THE BRONX THROUGH ARTS REACH. FOR ADULTS, THE MUSEUM OFFERED A FULL RANGE OF PROGRAMS THAT ENHANCED EXHIBITION CONTENT AND ATTRACTED NEW AUDIENCES TO THE MUSEUM, INCLUDING FILM SCREENINGS, SCHOLARLY LECTURES, PERFORMANCES, WORKSHOPS, ARTIST DEMONSTRATIONS, AND THE ARTIST STUDIOS PROGRAM, WHICH ENABLES VISITORS TO INTERACT WITH ARTISTS DEVELOPING NEW WORK ONSITE. COLLECTIVELY, THESE PROGRAMS REACHED APPROXIMATELY 45,000 VISITORS FROM ACROSS THE FIVE BOROUGHS OF NEW YORK CITY AND INTERNATIONALLY. 11027866 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 130 0 1 116 1 0 0 0 0 0 1 1 0 0 0 0 X 33 33 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 TREASURER 1.00 X X 0 0 0 LINDA E JOHNSON SECRETARY 1.00 X X 0 0 0 DROR BENSHETRIT BOARD MEMBER 1.00 X 0 0 0 DIEGO ARRIA BOARD MEMBER 1.00 X 0 0 0 MICHAEL DEPAOLA BOARD MEMBER 1.00 X 0 0 0 CECILY CARSON BOARD MEMBER 1.00 X 0 0 0 SIMONA CHAZEN BOARD MEMBER 1.00 X 0 0 0 CHARLES S COHEN BOARD MEMBER 1.00 X 0 0 0 MICHELE COHEN BOARD MEMBER 1.00 X 0 0 0 ERIC DOBKIN BOARD MEMBER 1.00 X 0 0 0 MARCIA DOCTER BOARD MEMBER 1.00 X 0 0 0 C VIRGINIA FIELDS BOARD MEMBER 1.00 X 0 0 0 CAROLEE FRIEDLANDER BOARD MEMBER 1.00 X 0 0 0 KRIS FUCHS BOARD MEMBER 1.00 X 0 0 0 SETH GLICKENHAUS BOARD MEMBER 1.00 X 0 0 0 SANDRA B GROTTA BOARD MEMBER 1.00 X 0 0 0 TED HATHAWAY BOARD MEMBER 1.00 X 0 0 0 LISA HERBERT BOARD MEMBER 1.00 X 0 0 0 MICHAEL JESSELSON BOARD MEMBER 1.00 X 0 0 0 ANN KAPLAN BOARD MEMBER 1.00 X 0 0 0 NANETTE LAITMAN BOARD MEMBER 1.00 X 0 0 0 ERIC J LEE BOARD MEMBER 1.00 X 0 0 0 JEFFREY MANOCHERIAN BOARD MEMBER 1.00 X 0 0 0 ROBERT LEE MORRIS BOARD MEMBER 1.00 X 0 0 0 KARIM RASHID BOARD MEMBER 1.00 X 0 0 0 KAMBIZ SHAHBAZI BOARD MEMBER 1.00 X 0 0 0 BARBARA SHUSTER BOARD MEMBER 1.00 X 0 0 0 KLARA SILVERSTEIN BOARD MEMBER 1.00 X 0 0 0 ANGELA SUN BOARD MEMBER 1.00 X 0 0 0 ELLEN TAUBMAN BOARD MEMBER 1.00 X 0 0 0 WILLIAM S TAUBMAN BOARD MEMBER 1.00 X 0 0 0 MILES YOUNG BOARD MEMBER 1.00 X 0 0 0 HOLLY HOTCHNER DIRECTOR (THROUGH 04/13) 40.00 X 330304 0 124586 GLENN ADAMSON DIRECTOR (AS OF 10/13) 40.00 X 75750 0 1634 ROBERT SALEMO SENIOR VICE PRES. FINANCE 40.00 X 188660 0 1937 DAVID MCFADDEN VP, CHIEF CURATOR 40.00 X 152063 0 9494 ALAN YAMAHATA VP, MAJOR GIFTS 40.00 X 136135 0 7005 SOPHIE HENDERSON VP, EXTERNAL AFFAIRS 40.00 X 170722 0 7068 JOHN D'AMBROSIO ASSOCIATE VP, TECHNOLOGY 40.00 X 114640 0 1302 LOWERY SIMS INTERNATIONAL CURATOR 40.00 X 105146 0 6936 SHARON SABATER CONTROLLER 40.00 X 113277 0 7011 1386697 0 166973 8 0 1 0 CARNEY SECURITY SERVICES 45 EAST 28TH STREET NEW YORK NY 10016 GUARD SERVICE 341978 LAKESIDE COLLABORATIVE 115 WOOSTER STREET NEW YORK NY 10012 STORE RETAIL BRAND SERVICES 249346 GORDON ADVISORY LLC 255 WEST 94TH ST NEW YORK NY 10025 INTERIM MUSEUM DIRECTOR 186329 RANDOM EXHIBIT SERVICES 56 BOGART ST BROOKLYN NY 11206 EXHIBIT PREPARATOR 150267 PHILLIPS OPPENHEIM 521 FIFTH AVENUE NEW YORK NY 10175 NEW DIRECTOR AND CFO SEARCH 136573 5 560334 1383670 129990 10766858 3281829 12840852 MUSEUM ADMISSION FEES 713990 1003493 1003493 TRAVEL EXHIBITION FEES 713990 332488 332488 LECTURES AND WORKSHOPS 900099 38125 38125 MEMBER TRIPS 561520 20325 20325 1394431 318762 -3470 322232 830938 0 830938 830938 830938 9228354 8614912 613442 613442 613442 290630 1383670 290630 0 2984062 1407175 1576887 1576887 OTHER REVENUE 900099 16733 16733 16733 17592045 2971318 -3470 1783345 1205358 863481 64733 277144 3029674 2591013 121954 316707 245022 203829 11548 29645 332974 271900 14733 46341 49688 49688 1775 1775 108665 108665 1010943 608156 273200 129587 205701 14378 711 190612 397024 220065 60976 115983 153422 86721 16886 49815 2142026 1911702 216006 14318 102692 15600 42171 44921 25098 6275 18823 3010705 2709634 301071 141471 22389 119082 INSTALLATION AND DESIGN 601649 601649 SHIPPING AND CRATING 564277 560730 1087 2460 PRINTING 272158 110465 5963 155730 ART COLLECTION PURCHASE 97544 97544 208288 132335 42078 33875 13906154 11027866 1469375 1408913 735484 756440 631194 295295 1198054 707926 129968 162471 519884 421313 229127 225287 93006775 14877365 80817093 78129410 11787571 12789915 82914 82914 290455 0 96421744 93570971 740382 767348 2000 2000 7826323 458257 8568705 1227605 X 75692918 78779458 1867810 3270597 10292311 10293311 87853039 92343366 96421744 93570971 3685891 804436 0 X 0 1 X 1 0 X 16240885 14123551 9908635 8024411 12840852 61138334 16240885 14123551 9908635 8024411 12840852 61138334 16123338 45014996 555856 1062085 1198025 1189871 1149700 5155537 30042 9515 11411 22727 16733 90428 66384299 18639754 0.67810 0.71250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 13906154 13906154 845308 211327 0 0 784028 822210 855316 845308 3306862 4960293 71609 70200 25000 0 166809 196007 205553 213829 211327 826716 1240074 X X X X 0 11870485 1000 1644344 643000 12872829 10677288 1250000 750697 807500 11870485 10477975 876000 -284583 392104 10677288 9718833 1000 1043142 285000 10477975 3014164 5948950 1105719 350000 9718833 0.03890 0.79960 0.16150 0 0 8510400 8510400 9229600 1269070 7960530 70336274 9914615 60421659 4930501 3693680 1236821 78129410 X 18491091 804436 203275 1007711 17483380 108665 108665 17592045 14000764 203275 203275 13797489 108665 108665 13906154 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 COLLECTION IS INSURED FOR $10 MILLION PLUS $2.5 MILLION FOR ITEMS IN TRANSIT OR 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. VISIONARIES! GALA 1066010 974721 91289 91289 LOOT! EVENT 605641 406415 199226 30527 168699 1 2649 2534 115 115 1674300 1383670 290630 121816 168814 290630 0 X X X X 1 0 0 0 0 0 0 0 0 HOLLY HOTCHNER DIRECTOR (THROUGH 04/13) 101792 0 0 0 228512 0 120017 0 4569 0 454890 0 0 0 ROBERT SALEMO SENIOR VICE PRES. FINANCE 188660 0 0 0 0 0 0 0 1937 0 190597 0 0 0 DAVID MCFADDEN VP, CHIEF CURATOR 152063 0 0 0 0 0 0 0 9494 0 161557 0 0 0 SOPHIE HENDERSON VP, EXTERNAL AFFAIRS 170722 0 0 0 0 0 0 0 7068 0 177790 0 0 0 PART I, LINE 4A HOLLY HOTCHNER, DIRECTOR THROUGH APRIL 2013, RECEIVED SEVERANCE PAYMENTS IN 2013 TOTALING $228,512. IN ADDITION, SEVERANCE PAYMENTS DUE TO BE PAID IN 2014 TOTALING $120,017 ARE INCLUDED IN DEFERRED COMPENSATION. X 103 0 X 10 3270829 FAIR MARKET VALUE X DISPLAY CASE 1 11000 FAIR MARKET VALUE 8 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JEROME A. CHAZEN, CHAIRMAN EMERITUS, AND SIMONA CHAZEN, BOARD MEMBER - FAMILY RELATIONSHIP. WILLIAM S. TAUBMAN, BOARD MEMBER, AND ELLEN TAUBMAN, BOARD MEMBER - FAMILY 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 CHIEF FINANCIAL OFFICER 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 CFO 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 CFO. 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 DEPUTY DIRECTOR AND THE CFO ARE 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 CFO. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST