2013-05-14T14:55:43-05:00 2012-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2011-07-01 042103607 MUSEUM OF FINE ARTS MUSE 6173693281 465 HUNTINGTON AVENUE BOSTON MA 02115 MARK B KERWIN 6173693281 2013-05-13 1 JOSEPH M GISO P00030126 6177610600 2013-05-13 2011 2016-02-24 21:20:13Z MALCOLM A ROGERS 465 HUNTINGTON AVENUE BOSTON MA 02115 361303281 0 X WWW.MFA.ORG X 1870 MA SEE SCHEDULE O. 43 40 1478 1570 627668 521586 67506438 53736302 33254546 37225500 39697096 45433820 16623987 15617656 157082067 152013278 5108840 5336096 0 0 48547414 48260767 0 0 4435885 91153817 95588756 144810071 149185619 12271996 2827659 1184740403 1135859886 242959166 247062188 941781237 888797698 X SEE SCHEDULE O. 0 0 17200408 1962847 EDUCATION PROGRAMS:THE MUSEUM MAINTAINS AN ONGOING SERIES OF EDUCATION PROGRAMS AND ACTIVITIES AT OUR FACILITY IN BOSTON IN ORDER TO FURTHER THE MISSION OF THE MUSEUM AND PROVIDE EDUCATIONAL OPPORTUNITIES IN ART. EDUCATION PROGRAMS COVER A WIDE SPECTRUM OF TOPICS AND INCLUDE A VARIETY OF STUDIO ART CLASSES AND WORKSHOPS FOR CHILDREN, TEENS AND ADULTS, LECTURES, FILMS, CONCERTS, A VARIETY OF OTHER COURSES, FREE DEMONSTRATIONS AND TALKS IN THE GALLERIES, FREE WORKSHOPS FOR EDUCATORS, SCHOOL GROUP TOURS, PARTNERSHIPS WITH LOCAL AREA SCHOOLS, AFTER-SCHOOL PROGRAMS AND COMMUNITY GROUPS TO ENGAGE YOUTH IN ARTS AND PROGRAMS FOR FAMILY VISITS TO THE MUSEUM. OVER 210,000 VISITORS PARTICIPATED IN THESE VARIOUS PROGRAMS. 33075000 4761994 EXHIBITIONS:WITH A COLLECTION OF NEARLY 450,000 OBJECTS, THE MUSEUM OWNS SOME OF THE MOST RARE AND IMPORTANT ARTISTIC TREASURES IN THE WORLD. SUCH A COLLECTION ENABLES THE MUSEUM TO PRESENT MANY SPECIAL EXHIBITIONS WITH A BALANCE BETWEEN SCHOLARLY PROGRAMS AND THOSE WITH BROAD PUBLIC APPEAL. DURING FISCAL YEAR 2012, THE MUSEUM PRESENTED MORE THAN 29 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: MONET/LICHTENSTEIN: ROUEN CATHERDRALS (JULY 3 - SEPT 25, 2011); AROUND THE WORLD IN WATERCOLOR, 1869-1920 (JULY 16, 2011 - MARCH 4, 2012); JEWLS, GEMS, AND TREASURES:ANCIENT TO MODERN (JULY 19, 2011 - MAY 18, 2014); MODERNIST PHOTOGRAPHY 1910-1950 (JULY 30, 2011 - APRIL 1, 2012); PASSION AND PRECISION IN THE AGE OF REVOLUTION (AUG 20, 2011 - MAY 13, 2012); KAWANABE KYOSAI AND THE HELL COURTESAN (SEPT 3, 2011 - JUNE 17 2012); CHRISTIAN MARCLAY: THE CLOCK (SEPT 16 - DEC. 31, 2011); EMBROIDERIES OF COLONIAL BOSTON: DOMESTIC EMBROIDERIES (SEPT 17, 2011 - JUNE 3 2012); ELLSWORTH KELLY: WOOD SCULPTURE (SEPT 18, 2011 - MARCH 4, 2012); DEGAS AND THE NUDE (OCT 9, 2011 - FEB 5, 2012); APHRODITE AND THE GODS OF LOVE (OCT 26, 2011 - FEB 20, 2012); GEMS OF RAJPUT PAINTING (DEC 10, 2011 - SEPT 3, 2012); JEDEDIAH CAESAR: SOFT STRUCTURES (DEC 17, 2011 - APRIL 1, 2012); SILVER, SALT, AND SUNLIGHT: EARLY PHOTOGRAPHY IN BRITAIN AND FRANCE (FEB 7 - SEPT 3, 2012); PAPER ZOO (FEB 7 - SEPT 3, 2012); MANET IN BLACK (FEB 18 - OCT 28, 2012); FIGURE/FABRIC/FANTASY: SELECTIONS FORM THE JEAN S. AND FREDERIC A. SHARF COLLECTION OF FASHION DRAWING (FEB 25, - JUNE 3, 2012); SEEKING SHAMBHALA (MAR 6 - OCT 21, 2012); THE ALLURE OF JAPAN (MAR 24 - DEC 31, 2012); EDWARD WESTON: LEAVES OF GRASS (APRIL 21 - DEC 31, 2012); COMMUNITY ARTS INITIATIVE: FRESH EYES (APRIL 21 - SEPT 16, 2012); ALEX KATZ PRINTS (ARPIL 28 - JULY 29, 2012); ETC. 25700178 5436096 23703084 SCHOOL OF MUSEUM OF FINE ARTS PROGRAM:THE SCHOOL OF MUSEUM OF FINE ARTS (THE SCHOOL) IS A MEMBER OF THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN. (THE SCHOOL IS NOT A SEPARATELY INCORPORATED ORGANIZATION AND IS A DIVISION OF THE MUSEUM). COURSES ARE OFFERED IN CERAMICS, DRAWING, FILM AND ANIMATION, FOUNDATIONS, GLASS, METALS, PAINTING, PERFORMANCE, PHOTOGRAPHY, PRINTMAKING AND PAPERMAKING, SCULPTURE, SOUND, TEXT AND IMAGE ARTS, VIDEO, AND VISUAL AND CRITICAL STUDIES. THE SCHOOL AWARDS A DIPLOMA, TWO TYPES OF CERTIFICATES, AND THROUGH ITS AFFILIATION WITH TUFTS UNIVERSITY, MEDFORD, MA, OFFERS THREE UNDERGRADUATE AND TWO GRADUATE DEGREE PROGRAMS. IN ADDITION, THE SCHOOL OFFERS CONTINUING EDUCATION PROGRAMS. DURING THE 2011-12 ACADEMIC YEAR, THE SCHOOL HAD 1,260 STUDENTS ACROSS ALL PROGRAMS. 2994073 3349674 ENTERPRISE:THE MUSEUM'S RETAIL OPERATIONS OFFER FOR SALE IN ITS SHOPS OR THROUGH ITS WEB-BASED OUTLET A WIDE VARIETY OF MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS AND SPECIAL EXHIBITIONS WHICH CONTRIBUTE IMPORTANTLY TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSE BY MAKING WORKS OF ART FAMILIAR TO A BROADER SEGMENT OF THE PUBLIC. OFFERING AT THE SHOP INCLUDING ART BOOKS, POSTERS, CARDS, GLASS, TEXTILES, JEWELRY AND SCULPTURE.THE MUSEUM IS EXEMPT AS AN EDUCATIONAL ORGANIZATION ON THE BASIS OF ITS OWNERSHIP, MAINTENANCE, AND EXHIBITION FOR PUBLIC VIEWING OF WORKS OF ART. THE SALES OF SUCH ITEMS CONTRIBUTES IMPORTANTLY TO THE ACHIEVEMENT TO THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSES BY STIMULATING AND ENHANCING PUBLIC AWARENESS, INTEREST, AND APPRECIATION OF ART. MOREOVER, A BROADER SEGMENT OF THE PUBLIC MAY BE ENCOURAGED TO VISIT THE MUSEUM ITSELF TO SHARE IN ITS EDUCATIONAL FUNCTIONS AND PROGRAMS AS A RESULT OF SEEING THE ITEMS SOLD. 41172983 OPERATING SUPPORT:OPERATING SUPPORT CONSISTS OF ALL OTHER AREAS OF THE MUSEUM, INCLUDING PROTECTIVE SERVICES, FACILITIES AND OTHER AREAS WHICH SUPPORT THE OPERATIONS OF THE MUSEUM AND ITS MISSION. 1270202 3694309 PARKING FACILITIES:THE MUSEUM OWNS A PARKING GARAGE AND HAS TWO OPEN AIR PARKING LOTS. ALL OF THESE FACILITIES ARE OPEN TO MEMBERS AND VISITORS TO THE MUSEUM. THE OPERATION OF ADJACENT PARKING LOTS BY THE MUSEUM IN AREA OF INSUFFICIENT PARKING SPACES FOR THE USE OF ITS VISITORS CONTRIBUTES IMPORTANTLY TO THE MUSEUM'S EXEMPT PURPOSE BY ENCOURAGING VISITATION AND LONGER PERIODS VIEWING OF ITS COLLECTIONS, AND SPECIAL EXHIBITIONS. ANY PROFITS FROM THE FEE CHARGED FOR THE USE OF THE LOT IS PLACED IN THE GENERAL OPERATING FUND. ENCOURAGEMENT TO MUSEUM VISITATION, OF COURSE, IS PROVIDED THROUGH CONVENIENT PARKING. 1235096 2620951 FOOD SERVICES:THE MUSEUM IS ORGANIZED AND OPERATED AS AN ART MUSEUM. THE EATING FACILITIES ARE OPEN TO THE MUSEUM STAFF, EMPLOYEES, AND MEMBERS OF THE PUBLIC VISITING THE MUSEUM AND ARE OF A SIZE COMMENSURATE WITH ACCOMMODATION OF THESE SPECIAL GROUPS OF PATRONS. THE FACILITIES ARE ACCESSIBLE FROM THE MUSEUM'S GALLERIES AND OTHER PUBLIC AREAS BUT NOT DIRECTLY ACCESSIBLE FROM THE STREET. THE PATRONAGE OF THE EATING FACILITIES BY THE GENERAL PUBLIC IS NOT DIRECTLY NOR SOLICITED NOR ARE THE FACILITIES CONTEMPLATED OR DESIGNED TO SERVE AS A PUBLIC RESTAURANT BUT MERELY TO SERVE THE EXEMPT PURPOSES OF THE MUSEUM. THIS ALLOWS VISITORS TO DEVOTE MORE TIME TO THE MUSEUM'S EDUCATIONAL EXHIBITS, AND ENHANCES EFFICIENT MUSEUM OPERATION BY ENABLING STAFF TO REMAIN ON-SITE THROUGHOUT THE DAY. THE OPERATION OF THE EATING FACILITIES WITHIN THE MUSEUM PREMISES HELPS TO ATTRACT VISITORS TO THE MUSEUM EXHIBITS. BECAUSE THERE ARE PLACES OF REFRESHMENT IN THE MUSEUM VISITORS ARE ABLE TO DEVOTE A GREATER PORTION OF THEIR TIME AND ATTENTION TO THE MUSEUM'S COLLECTION, EXHIBITS AND OTHER EDUCATIONAL FACILITIES. THE MUSEUM CREATES AN EDUCATIONAL PROGRAM FOR ITS PARTICIPANTS, FOCUSING ON AN EXHIBIT, LECTURE OR TOUR FOR PRIVATE AND CORPORATE FUNCTIONS. 4280741 6797575 MEMBERSHIP & VISITORS:OVER 1,210,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2012. THE MUSEUM HAS AN ADMISSION CHARGE; HOWEVER DURING THE FISCAL YEAR 2012, THERE WERE TEN COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE WAIVED, AND THE MUSEUM HAS FREE ADMISSION "PAY AS YOU WISH" EACH WEDNESDAY EVENING. THE MUSEUM HAS APPROXIMATELY 69,000 ACTIVE MEMBERS HOUSEHOLDS. THERE ARE 8 LEVELS OF ANNUAL MEMBERSHIP WITH FEES RANGING FROM $75 TO $1,000. EACH CATEGORY OFFERS A WIDE VARIETY OF PRIVILEGES, SUCH AS FREE ADMISSION, PUBLICATIONS, RECIPROCAL MEMBER BENEFITS AT OTHER MAJOR ART MUSEUM AROUND THE U.S. AND SPECIAL EVENTS. 1972474 5851620 OTHER MISC. PROGRAM SERVICES: 52925569 22314129 128901155 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 0 1 1876 16 1 1478 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 43 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X X MARK B KERWIN CPA CFO 6173693281 465 HUNTINGTON AVENUE BOSTON MA 021155523 BARBARA ALFOND 1.00 X 0 0 0 KEVIN CALLAGHAN 1.00 X 0 0 0 BETTINA BURR 1.00 X X 0 0 0 DAVID GOEL 1.00 X 0 0 0 DAVID D CROLL 1.00 X 0 0 0 JOHN DEUTCH 1.00 X 0 0 0 SUSAN DONAHUE 1.00 X X 0 0 0 WILLIAM R ELFERS 1.00 X 0 0 0 STEPHEN A FINE 1.00 X X 0 0 0 NICHOLAS GREVILLE 1.00 X 0 0 0 JEFFREY E HORVITZ 1.00 X 0 0 0 GRACE FEY 1.00 X 0 0 0 ELLEN JAFFE 1.00 X 0 0 0 SUSAN B KAPLAN 1.00 X 0 0 0 JODY GILL 1.00 X 0 0 0 KATHERINE R KIRK 1.00 X 0 0 0 CYNTHIA REED 1.00 X 0 0 0 CAROL NOBLE 1.00 X 0 0 0 JOYCE LINDE 1.00 X 0 0 0 RICHARD LUBIN 1.00 X X 0 0 0 PETER C ALDRICH 1.00 X 0 0 0 SANDRA O MOOSE 1.00 X X 0 0 0 SCOTT NATHAN 1.00 X X 0 0 0 SLOCUMB HOLLIS PERRY 1.00 X 0 0 0 ROGER SERVISON 1.00 X 0 0 0 ROSE-MARIE VAN OTTERLOO 1.00 X 0 0 0 TIMOTHY PHILLIPS 1.00 X 0 0 0 M PENNY VINIK 1.00 X 0 0 0 ERNST VON METZSCH 1.00 X 0 0 0 PAMELA VOSS 1.00 X 0 0 0 CAROL WALL 1.00 X 0 0 0 MATTHEW A WEATHERBIE 1.00 X 0 0 0 THERESA STONE - MIT 1.00 X 0 0 0 LOUIS MENAND - HARVARD U 1.00 X 0 0 0 DONNA M DEPRISCO - BPL 1.00 X 0 0 0 CAROL JOHNSON - SUPERINTENDENT 1.00 X 0 0 0 THOMAS M MENINO-MAYOR CITY OF BOSTO 1.00 X 0 0 0 PAULA MATTHEWS - BOSTON ATHENAEUM 1.00 X 0 0 0 SALLY REDMOND - MFA ASSOCIATES 1.00 X 0 0 0 CATHY BENNINGSON - SMFA BOARD OF 1.00 X 0 0 0 LISBETH TARLOW 1.00 X 0 0 0 P ANDREWS MCLANE 1.00 X 0 0 0 JOHN LOWELL - THE LOWELL INSTITE - 1.00 X 0 0 0 MALCOLM A ROGERS 40.00 X 651827 0 114599 KATHERINE G GETCHELL 40.00 X 306493 0 29804 MARK KERWIN 40.00 X 282473 0 39097 KIMBERLY FRENCH 40.00 X 275800 0 33397 CHRISTOPHER BRATTON 40.00 X 293294 0 17052 MARIA MULLER 40.00 X 240856 0 3203 ANNE COWIE 40.00 X 164351 0 26920 WILLIAM J MCAVOY 40.00 X 180156 0 33465 CYNTHIA GLOTT 40.00 X 169074 0 28918 JANE O'REILLY-CORCORAN 40.00 X 151032 0 29267 GEORGE T M SHACKELFORD 40.00 X 160368 0 6707 2875724 0 362429 42 0 1 0 SHAWMUT DESIGN & CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION 5066057 MEDIAWORKS LLC 600 BRUSH HILL RD MILTON MA 02186 ADVERTISING 1746132 RESTAURANT ASSOCIATES PO BOX 91337 CHICAGO IL 60693 CATERING 1655713 STANDARD PARKING CORP 1790 PAYSPHERE CIRCLE CHICAGO IL 60674 GARAGE MANAGEMENT SERVICES 964176 GOPPION MUSEUM WORKSHOP INC VIALE EDISSON 5806 TREZZANO SUL NAVIGLI MILANO IT 20090 FRAME/CASE MAKER 705906 52 9277458 82255 170581 44206008 53736302 TUITION SCHOOL 611600 23703084 23703084 ADMISSION FEES INCOME 713990 6797575 6797575 EXHIBITION INCOME 713990 4761994 4761994 EDUCATION PROGRAM REVE 611710 1962847 1962847 37225500 2891464 630285 2261179 3449768 3315206 134562 134562 -2643 137205 225121694 20026600 202605938 0 22515756 20026600 42542356 42542356 28076 82255 61562 -33486 -33486 6656997 3307297 3349700 3349700 OTHER ANCILLARY SERVIC 900099 5851620 5851594 26 PARKING 812930 3694309 3694309 FOOD SERVICES 722100 2620951 2620951 12166880 152013278 52742054 627668 44907254 5336096 5336096 2154844 647272 1208838 298734 35380103 29203036 3917929 2259138 2269002 1811279 303492 154231 5458821 4497023 714852 246946 2997997 2393215 400999 203783 2476405 2476405 573157 7871 565286 238517 81900 156617 4075567 1127851 2895633 52083 1593126 1376885 169338 46903 4492069 3654520 837549 2392616 2036922 201035 154659 1329829 176092 1148965 4772 6646714 6407671 239043 1664258 1185438 287968 190852 4634022 3692608 941414 21896172 21324289 549477 22406 941507 432636 508871 PURCHASE WORKS OF ART 22576287 22576287 EQUIPMENT & RENTAL 5440382 4852004 555071 33307 EXHIBITION & SPEC. PROG 5330161 5330161 SCHOOL EXPENSES 3313805 3313805 5974162 4959889 246202 768071 149185619 128901155 15848579 4435885 10931606 12534287 60427402 56001369 75020003 76165395 3526753 1217998 130000 72750 1839665 1760802 2603766 2128154 596232148 160767992 445987759 435464156 386940669 352776877 193926785 194259362 3405995 3478736 1184740403 1135859886 23083938 17570826 4199835 3564650 185000000 180000000 3340802 3087176 27334591 42839536 242959166 247062188 X 236055726 202221899 434095504 407241749 271630007 279334050 941781237 888797698 1184740403 1135859886 X 2827659 -55811198 X 0 1 1 X 1 1 X 141271930 53382292 49987517 67506438 53736302 365884479 141271930 53382292 49987517 67506438 53736302 365884479 51382243 314502236 11625229 5266330 3356102 2974922 2891464 26114047 391998526 241271161 0.80230 0.74830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 572150721 5742352 -29626689 766060 8241157 2736788 536522379 484035285 17284493 88079218 789747 11728460 4730068 572150721 431307346 15286729 51488970 825952 9099257 4122551 484035285 565221813 14883910 -132050777 886089 13208912 2652599 431307346 0.01000 0.45000 0.54000 1 0 20304653 20304653 525347461 141398729 383948732 46207370 19369263 26838107 4372664 4372664 435464156 173221000 F BENEFICIAL INTEREST IN PERPETUAL TRUST 21038362 F 194259362 LINE OF CREDIT 1005976 ASSET RETIREMENT OBLIGATION 6346670 LIABILITY UNDER INTEREST RATE SWAP 34670421 OTHER LIABILITIES 733656 CAPITAL LEASE 82813 42839536 152013278 149185619 2827659 -39651855 1057932 -17217275 -55811198 -52983539 100149357 -39651855 1057932 -10594772 -49188695 149338052 2736788 -61562 2675226 152013278 153132896 6684065 6684065 146448831 2736788 2736788 149185619 PART III, LINE 1A: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, THE COSTS OF WORKS OF ART ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED. THE VALUE OF OBJECTS ACQUIRED BY GIFT CANNOT BE REASONABLY ESTIMATED AND, THEREFORE, ARE NOT RECORDED IN THE STATEMENT OF ACTIVITIES. PART III, LINE 4: THE MUSEUM OF FINE ARTS, BOSTON WAS FOUNDED IN 1870 FOR THE PURPOSES OF "ERECTING A MUSEUM FOR THE PRESERVATION AND EXHIBITION OF WORKS OF ART, OF MAKING, MAINTAINING AND EXHIBITING COLLECTIONS OF SUCH WORKS, AND OF AFFORDING INSTRUCTION IN THE FINE ARTS." THE COLLECTIONS ARE CENTRAL TO THE MUSEUM'S ENDEAVORS, AND TO FOSTERING THE UNDERSTANDING AND ENJOYMENT OF ORIGINAL WORKS OF ART. THE MFA IS ONE OF THE WORLD'S GREAT ENCYCLOPEDIC INSTITUTIONS AND AS SUCH ACTIVELY COLLECTS WORKS OF ART FROM ALL TIME PERIODS AND ACROSS ALL CONTINENTS. ALL THE WORKS OF ART CONTRIBUTE TO THE MUSEUM'S GUIDED TOURS, LECTURES, FILMS, GALLERY TALKS, CONCERTS, ARTS FESTIVALS, EDUCATION PROGRAMS, INTER-MUSEUM LOAN, PERMANENT, TEMPORARY AND TRAVELING EXHIBITIONS, WHICH FULFILL ITS MISSION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE MUSEUM'S ENDOWMENT IS UTILIZED TO SUPPORT THE MISSION OF THE MUSEUM, INCLUDING THE PRESERVATION, EXHIBITION AND MAINTENANCE OF THE MUSEUM'S COLLECTION, AS WELL AS VARIOUS EDUCATION AND OTHER PROGRAMS OF THE MUSEUM. THE MUSEUM'S ENDOWMENT CONSISTS OF NEARLY 800 INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: NO ASC 740 DISCLOSURE NOTED IN FOOTNOTES OF CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,821,302. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -15,395,973. TOTAL TO SCHEDULE D, PART XI, LINE 8: -17,217,275. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,821,302. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -15,395,973. COST OF SALES - MERCHANDISING OPERATIONS 3,307,297. RENTAL EXPENSES 3,315,206. PART XII, LINE 4B - OTHER ADJUSTMENTS: ART IN BLOOM EXPENSE NET WITH REVENUE -61,562. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - MERCHANDISING OPERATIONS 3,307,297. ART IN BLOOM EXPENSE NET WITH REVENUE 61,562. RENTAL EXPENSES 3,315,206. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT N/A 71957788 0 0 0 0 0 0 71957788 0 71957788 1 0 1 1 1 0 ART IN BLOOM 110331 82255 28076 61562 110331 82255 28076 61562 61562 -33486 1 STUDENT FINANCIAL AID - OPERATING FUNDS SCHOLARSHIP 435 4301344 STUDENT FINANCIAL AID - ENDOWED FUNDS SCHOLARSHIP 149 638171 STUDENT FINANCIAL AID - FULL SCHOLARSHIP 11 184963 STUDENT FINANCIAL AID - EMPLOYEE WAIVERS 3 62664 STUDENT TRAVEL AWARDS 26 117681 FACULTY ENRICHMENT AWARD PROGRAMS 20 31273 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 96% OF TOTAL GRANTS AND OTHER ASSISTANCE ARE RELATED TO INSTITUTIONAL FINANCIAL AID FOR WHICH STUDENTS APPLY THROUGH THE FINANCIAL AID OFFICE. ALL AID IS AWARDED BASED ON CERTAIN GUIDELINES AND IS CREDITED DIRECTLY TO STUDENTS' TUITION ACCOUNTS. ALL AWARDS ARE DIRECTLY RELATED TO THE STUDENTS' EDUCATION AT THE INSTITUTION'S PHYSICAL LOCATION IN THE UNITED STATES. IN ADDITION TO MANDATORY CLASS ATTENDANCE, STUDENTS ARE REQUIRED TO COMPLETE A REVIEW OF ART WITH INSTRUCTORS AT THE END OF EACH SEMESTER TO RECEIVE CREDIT. TRAVELING SCHOLAR GRANTS ARE AWARDED TO ALUMNI BASED UPON A PROPOSAL AND PORTFOLIO GRADING. TRAVELING SCHOLARS WORKS ARE REVIEWD BY COMMITTEE A YEAR LATER AND ONE INDIVIDUAL IS SELECTED FOR A ONE PERSON SHOW AT THE MFA. FACULTY ENRICHMENT AWARDS ARE GIVEN TO CURRENT, ON-SITE FACULTY MEMBER TO PURSUE VARIOUS PROJECTS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MALCOLM A ROGERS 587743 0 0 0 64084 0 106721 0 7878 0 766426 0 0 0 KATHERINE G GETCHELL 306428 0 0 0 65 0 22050 0 7754 0 336297 0 0 0 MARK KERWIN 282197 0 0 0 276 0 22050 0 17047 0 321570 0 0 0 KIMBERLY FRENCH 275524 0 0 0 276 0 19624 0 13773 0 309197 0 0 0 CHRISTOPHER BRATTON 274156 0 0 0 19138 0 0 0 17052 0 310346 0 0 0 MARIA MULLER 240856 0 0 0 0 0 0 0 3203 0 244059 0 0 0 ANNE COWIE 164230 0 0 0 121 0 13797 0 13123 0 191271 0 0 0 WILLIAM J MCAVOY 179454 0 0 0 702 0 16700 0 16765 0 213621 0 0 0 CYNTHIA GLOTT 168727 0 0 0 347 0 15772 0 13146 0 197992 0 0 0 JANE O'REILLY-CORCORAN 150877 0 0 0 155 0 12797 0 16470 0 180299 0 0 0 GEORGE T M SHACKELFORD 159787 0 0 0 581 0 0 0 6707 0 167075 0 0 0 PART I, LINE 1A TAXABLE HOUSING ALLOWANCE OF $62,500 WAS PAID TO MALCOLM ROGERS BASED ON THE EMPLOYMENT CONTRACT. TAXABLE HOUSING ALLOWANCE OF $19,138 WAS PAID TO CHRISTOPHER BRATTON BASED ON THE EMPLOYMENT CONTRACT. MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 042456011 57586CV69 2007-12-13 185000000 NEW MONEY FOR CONSTRUCTION 0 0 0 185802983 1134172 184648811 2010 0 0 1 1 0 1 1 0 0 0.00310 0.00310 0 0 1 1 BANK OF AMERICA 20.000000000000 0 0 0 0 0 X SCHEDULE K SUPPLENTAL INFORMATION THE MUSEUM'S BONDS WERE ISSUED IN DECEMBER 2007 AND MATURE IN 2037, A THIRTY YEAR PERIOD. THE PERCENTAGE CALCULATED AS PRIVATE BUSINESS USE IS FOR THE CURRENT FISCAL YEAR SPANNING JULY 1, 2011 THROUGH JUNE 30, 2012. THE OVERALL MEASUREMENT PERIOD FOR PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. PART I, BOND ISSUES AND PART IV ARBITRAGE PART I- BOND ISSUES, LINE A: COLUMN (C) ADDITIONAL CUSIP #57586CK95 PART IV- ARBITRAGE, LINE 3B: ADDITIONAL NAME OF PROVIDER: MERRILL LYNCH PART IV- ARBITRAGE, LINE 3C: ADDITIONAL TERM OF HEDGE: 3.08 YEARS PART IV, LINE 6: DID THE BOND ISSUE QUALIFY FOR AN EXCEPTION TO REBATE?: THE MUSEUM'S BOND ISSUANCE IS NOT EXEMPT FROM A REBATE ANALYSIS. THE MUSEUM DID HAVE AN INDEPENDENT THIRD PARTY SPECIALIZING IN PERFORMING REBATE CALCULATION PERFORM THE CALCULATION AND DETERMINED THAT THE BONDS QUALIFIES FOR AN EXCEPTION TO REBATE SET FORTH IN REGULATION SECTIONS 1.148-7. THE SCHEDULE K CALCULATION WAS PERFORMED BY AN INDEPENDENT THIRD PARTY WHICH SPECIALIZES IN PERFORMING THESE CALCULATIONS. THE FACTS AND CIRCUMSTANCES HAVE NOT CHANGED TO MATERIAL AFFECT THE CALCULATION IN THE CURRENT PERIOD. THE MUSEUM'S BONDS WERE ISSUED IN DECEMBER 2007 AND MATURE IN 2037, A THIRTY YEAR PERIOD. THE PERCENTAGE CALCULATED AS PRIVATE BUSINESS USE IS FOR THE CURRENT FISCAL YEAR SPANNING JULY 1, 2011 THROUGH JUNE 30, 2012. THE OVERALL MEASUREMENT PERIOD FOR PRIVATE BUSINESS USE IS MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS. CHRISTOPHER BRATTON TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE EMPLOYEE'S HOME. X 42750 42750 0 1 1 CHRISTOPHER BRATTON TO PROVIDE BRIDGE FINANCING FOR THE RELOCATION COST OF EMPLOYEE AND FAMILY. X 30000 30000 0 1 1 CHRISTOPHER BRATTON TO PROVIDE BRIDGE FINANCING DURING THE SALE OF THE EMPLOYEE'S PRIOR HOME. X 100000 0 0 1 1 72750 SEVENTH BERKSHIRE ASSOCIATES LLCKE TRUSTEE 516293 MR. KEVIN CALLAGHAN, A TRUSTEE OF THE MFA, IS A SHAREHOLDER OF SEVENTH BERKSHIRE ASSOCIATES LLC. THE MFA INVESTS IN BERKSHIRES FUND VII L.P. AND PAYS A MANAGEMENT FEE VIA ITS INTEREST. 0 BAUPOST GROUP LLCSCOTT NATHAN TRUSTEE 517737 MR. SCOTT NATHAN, A TRUSTEE OF THE MFA, IS A SHAREHOLDER OF BAUPOST GROUP, LLC. THE MFA INVESTS IN BAUPOST VALUE PARTNERS IV LP AND PAYS A MANAGEMENT FEE VIA ITS INTEREST. 0 SEVENTH BERKSHIRE ASSOCIATES LLCRI TRUSTEE 516293 MR. RICHARD LUBIN, A TRUSTEE OF THE MFA, IS A SHAREHOLDER OF SEVENTH BERKSHIRE ASSOCIATES LLC. THE MFA INVESTS IN BERKSHIRES FUND VII L.P. AND PAYS A MANAGEMENT FEE VIA ITS INTEREST. 0 X 310 0 46 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, THE COSTS OF WORKS OF ART ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED. THE VALUE OF OBJECTS ACQUIRED BY GIFT CANNOT BE REASONABLY ESTIMATED AND, THEREFORE, ARE NOT RECORDED IN THE STATEMENT OF ACTIVITIES. FORM 990, PART I, LINE 1 AND PART III, LINE 1: THE MUSEUM OF FINE ARTS HOUSES AND PRESERVES PREEMINENT COLLECTIONS AND ASPIRES TO SERVE A WIDE VARIETY OF PEOPLE THROUGH DIRECT ENCOUNTERS WITH WORKS OF ART. THE MUSEUM AIMS FOR THE HIGHEST STANDARDS OF QUALITY IN ALL ITS ENDEAVORS. IT SERVES AS A RESOURCE FOR BOTH THOSE WHO ARE ALREADY FAMILIAR WITH ART AND THOSE FOR WHOM ART IS A NEW EXPERIENCE. THROUGH EXHIBITIONS, PROGRAMS, RESEARCH AND PUBLICATIONS, THE MUSEUM DOCUMENTS AND INTERPRETS ITS OWN COLLECTIONS. IT PROVIDES INFORMATION AND PERSPECTIVE ON ART THROUGH TIME AND THROUGHOUT THE WORLD. THE MUSEUM HOLDS ITS COLLECTIONS IN TRUST FOR FUTURE GENERATIONS. IT ASSUMES CONSERVATION AS A PRIMARY RESPONSIBILITY WHICH REQUIRES CONSTANT ATTENTION TO PROVIDING A PROPER ENVIRONMENT FOR WORKS OF ART AND ARTIFACTS. COMMITTED TO ITS VAST HOLDINGS, THE MUSEUM NONETHELESS RECOGNIZES THE NEED TO IDENTIFY AND EXPLORE NEW AND NEGLECTED AREAS OF ART. IT SEEKS TO ACQUIRE ART OF THE PAST AND PRESENT WHICH IS VISUALLY SIGNIFICANT AND EDUCATIONALLY MEANINGFUL. THE MUSEUM HAS OBLIGATIONS TO THE PEOPLE OF BOSTON AND NEW ENGLAND, ACROSS THE NATION AND ABROAD. IT CELEBRATES DIVERSE CULTURES AND WELCOMES NEW AND BROADER CONSTITUENCIES. THE MUSEUM IS A PLACE IN WHICH TO SEE AND TO LEARN. IT STIMULATES IN ITS VISITORS A SENSE OF PLEASURE, PRIDE AND DISCOVERY WHICH PROVIDES AESTHETIC CHALLENGE AND LEADS TO A GREATER CULTURAL AWARENESS AND DISCERNMENT. THE MUSEUM CREATES EDUCATIONAL OPPORTUNITIES FOR VISITORS AND ACCOMMODATES A WIDE RANGE OF EXPERIENCES AND LEARNING STYLES. THE MUSEUM EDUCATES ARTISTS OF THE FUTURE THROUGH ITS SCHOOL. THE CREATIVE EFFORTS OF THE STUDENTS AND FACULTY PROVIDE THE MUSEUM AND ITS PUBLIC WITH INSIGHTS INTO EMERGING ART AND ART FORMS. THE MUSEUM'S ULTIMATE AIM IS TO ENCOURAGE INQUIRY AND TO HEIGHTEN PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE 990 DURING A COMMITTEE MEETING. A COPY OF THE FULL 990 IS PROVIDED TO THE COMMITTEE, WHO REVIEW AND APPROVE THE 990 PRIOR TO ITS REVIEW BY THE FULL GOVERNING BODY. THIS REVIEW IS REPORTED TO THE BOARD AT ITS SPRING MEETING. THE FULL 990 IS MADE AVAILABLE TO THE GOVERNING BOARD VIA AN INTERNAL WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS. COMPLETION OF THE FORMS IS TRACKED AND THE CONTENTS OF THE FORMS ARE REVIEWED BY THE MUSEUM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MAINTAINS A COMPENSATION COMMITTEE. THIS COMMITTEE REVIEWS AVAILABLE DATA FROM THE MFA'S PEER MUSEUMS, AS WELL AS PARTICIPATING IN SURVEYS WITH PEER MUSEUMS CONCERNING COMPENSATION. THE COMMITTEE UTILIZED THE INFORMATION OBTAINED CONCERNING PEER MUSEUMS' DIRECTORIES SALARY AND OTHER COMPENSATION INFORMATION, COMBINED WITH PERFORMANCE MEASUREMENT, TO DISCUSS AND DETERMINE APPROPRIATE COMPENSATION FOR THE DIRECTOR AND KEY OFFICERS. DOCUMENTATION OF PEER DATA ON COMPENSATION AND PERFORMANCE MEASUREMENT IS MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S FULL FINANCIAL STATEMENTS ARE AVAILABLE ON THE COMMONWEALTH OF MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE, GUIDESTAR.ORG AND UPON REQUEST FROM THE MUSEUM. CERTAIN EXCERPTS OF THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE (WWW.MFA.ORG). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -39,651,855. DONATED SERVICES AND USE OF FACILITIES: 1,057,932. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,821,302. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -15,395,973. TOTAL TO FORM 990, PART XI, LINE 5: -55,811,198. MUSEUM ENTERPRISE PARTNERS INC 465 HUNTINGTON AVENUE BOSTON MA 02115 043554307 SALES OF ART AND RELATED MERCHANDISE DE N/A C 36573 1.00000 CHARITABLE REMAINDER UNITRUST 465 HUNTINGTON AVENUE BOSTON MA 02115 TRUST MA N/A T CHARITABLE REMAINDER ANNUITY TRUST 465 HUNTINGTON AVENUE BOSTON MA 02115 TRUST MA N/A T PERPETUAL TRUST 465 HUNTINGTON AVENUE BOSTON MA 02115 TRUST MA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0