2013-05-10T07:44:17-05:00 2012-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2011-07-01 042104334 ISABELLA STEWART GARDNER MUSEUM INC ISAB 6175661401 2 PALACE ROAD BOSTON MA 02115 NOAH SCHNEIDERMAN 6175661401 2013-05-02 1 CRAIG KLEIN P00734640 6177610600 2011 2016-02-24 21:20:13Z ANNE HAWLEY 2 PALACE ROAD BOSTON MA 02115 28683515 0 X WWW.GARDNERMUSEUM.ORG X 1936 MA SEE SCHEDULE O. 26 26 197 200 12913 0 16931852 25074157 1161504 1641374 1925177 1113135 2123 553027 20020656 28381693 0 0 0 0 6897211 8160967 106349 6728 2294999 4581260 10633003 11584820 18800698 8435836 9580995 259493555 264786641 43877146 43009874 215616409 221776767 X SEE SCHEDULE O. 0 0 5345665 216516 CONSERVATION OF A WORLD CLASS COLLECTION SPANNING 30 CENTURIES, INCLUDING AN INTENSE PROGRAM OF TREATMENTS TO OBJECTS OF ALL MEDIA ON CONTINUAL DISPLAY, IS AUGMENTED BY UPDATES TO LIGHTING, FACILITIES, AND PRESENTATION IN ORDER TO FURTHER PRESERVE BOTH THE OBJECTS AND BUILDING. MUSEUM CONSERVATION EXPERTS IN ALL AREAS EMPLOY CUTTING EDGE SCIENTIFIC METHODS AND NEW PRACTICES TO PRESERVE, PROTECT, AND SAFEGUARD MASTERWORKS FOR POSTERITY. CURATORIAL INTERPRETATION AND SCHOLARSHIP DERIVING FROM THE COLLECTION INCLUDES RESEARCH OF THE COLLECTION'S ART, FURNITURE, AND ARCHITECTURE. THE RESULT INCLUDES PUBLICATIONS SUCH AS EXHIBITION CATALOGUES, ARTICLES, AND PRESENTATIONS, AND ANNUAL SPECIAL EXHIBITIONS BASED ON THE COLLECTION AND SIGNIFICANT NEW SCHOLARSHIP. 8464897 1926630 ONE OF THE NATION'S LONGEST-RUNNING MUSEUM MUSIC PROGRAMS (86 YEARS), WITH APPROXIMATELY 50 CONCERTS SERVING 10,000 PATRONS A YEAR; ALONG WITH AN ARTIST-IN-RESIDENCE PROGRAM AND RELATED CONTEMPORARY EXHIBITIONS - ALL AIM AT THE HIGHEST LEVEL OF ARTISTRY AND INNOVATION. ANNUALLY 6 EMERGING ARTISTS FROM COUNTRIES AROUND THE WORLD RESIDE AT THE GARDNER FOR A MONTH TO EXERCISE THEIR CREATIVE PRACTICE, OFTEN RESULTING IN PROJECTS THAT ARE PRESENTED AT THE MUSEUM (2 PER YEAR). WEEKLY LECTURES AND MONTHLY EVENING PROGRAMS PROVIDE ONGOING OPPORTUNITIES FOR VISITOR LEARNING AND ENGAGEMENT. A NATIONALLY RECOGNIZED EDUCATION PROGRAM PROVIDES PUBLIC SCHOOL CHILDREN WITH MULTIPLE SESSIONS OF ENCOUNTERS WITH ART. THE MUSEUM PARTNERS WITH SEVERAL UNDERSERVED SCHOOLS IN THE BOSTON AREA TO PROMOTE IN-DEPTH LEARNING OPPORTUNITIES WITH WORKS OF ART IN ORDER TO ENHANCE EACH STUDENT'S CRITICAL THINKING SKILLS. AS A RESULT, THE MUSEUM HAS PIONEERED A MUCH-LAUDED PROGRAM BASED IN A VISUAL THINKING STRATEGY WHICH ENGAGES THE STUDENT IN LOOKING AT ART AND LEARNING TO THINK THROUGH LOOKING. 1332421 49386 AN EXTENSIVE LANDSCAPE/HORTICULTURE PROGRAM -- WITH AN EVER-CHANGING COURTYARD DISPLAY THAT INCLUDES NINE DIFFERENT PLANT INSTALLATIONS ANNUALLY, ALONG WITH OUTSIDE GARDENS -- BRINGS THE ART OF HORTICULTURE TO LIFE AS PART OF THE MUSEUM EXPERIENCE. THE LANDSCAPE PROGRAM INCLUDES A LECTURE SERIES AND PUBLIC EDUCATION ON LANDSCAPE HISTORY AND DESIGN. THESE PUBLIC PROGRAMS EXPLORE HUMAN INTERACTION WITH THE LANDSCAPE OVER TIME EXAMINING ISSUES THAT SPARK DIALOGUE AROUND USES OF THE LAND FOR GARDENS, BURIALS, FOOD PRODUCTION, PUBLIC SPACE AND OTHER TOPICS. 15142983 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 57 0 1 197 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X RUSSELL WIGGIN 6172785112 2 PALACE ROAD BOSTON MA 02115 DAVID W SCUDDER 1.00 X X 0 0 0 STEPHEN W KIDDER 1.00 X X 0 0 0 BRIAN CHU 1.00 X X 0 0 0 GWILL YORK 1.00 X X 0 0 0 AMY ABRAMS 1.00 X 0 0 0 ALLISON ACHTMEYER 1.00 X 0 0 0 ANITA BEKENSTEIN 1.00 X 0 0 0 JOHN BERTUCCI 1.00 X 0 0 0 LISA BLUMENTHAL 1.00 X 0 0 0 ROANN COSTIN 1.00 X 0 0 0 BRIT D'ARBELOFF 1.00 X 0 0 0 LAURA DEBONIS 1.00 X 0 0 0 WILLIAM P EGAN 1.00 X 0 0 0 WILLIAM C FLETCHER 1.00 X 0 0 0 THOMAS F GILBANE 1.00 X 0 0 0 REV DR RAY A HAMMOND 1.00 X 0 0 0 WILLIAM HELMAN 1.00 X 0 0 0 JOHN HENDERSON 1.00 X 0 0 0 BARBARA HOSTETTER 1.00 X 0 0 0 JOSEPH KOERNER 1.00 X 0 0 0 DR BARBARA E MILLEN 1.00 X 0 0 0 JANE M PAPPALARDO 1.00 X 0 0 0 BETH K PFEIFFER 1.00 X 0 0 0 MARCIA RADOSEVICH 1.00 X 0 0 0 JOHN S REED 1.00 X 0 0 0 MAUREEN RUETTGERS 1.00 X 0 0 0 HOWARD STEVENSON 1.00 X 0 0 0 ANNE HAWLEY 40.00 X 294508 0 30161 PETER BRYANT 40.00 X 184119 0 20599 NOAH SCHNEIDERMAN 40.00 X 121296 0 32640 JAMES LABECK 40.00 X 199229 0 27522 LISA BEVILAQUA 40.00 X 152138 0 14726 MARGARET BURCHENAL 40.00 X 100365 0 26472 1051655 0 152120 6 0 1 0 SHAWMUT DESIGN & CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION MANAGEMENT 21658042 PARATUS GROUP 568 BROADWAY SUITE 602 NEW YORK NY 10016 PROJECT MANAGEMENT 575822 2X4 INC 180 VARICK STREET NEW YORK NY 10014 DESIGN STUDIO 402617 STANTEC ARCHITECTURE INC 10160 - 112TH STREET EDMONTON ALBERTA CA T5K2L5 ARCHITECTURAL SERVICES 342719 CAMBRIDGE ASSOCIATES LLC PO BOX 10317 UNIONDALE NY 11555 INVESTMENT MANAGEMENT 230770 13 799864 759997 70000 23444296 1111124 25074157 ADMISSIONS/TOURS/LECTU 900099 1641374 1641374 1641374 649225 12913 636312 354030 14237 339793 339793 292902 46891 463910 0 463910 463910 463910 51367 759997 96389 -45022 -45022 449452 191196 258256 258256 28381693 2192532 12913 1102091 683322 217528 407354 58440 5453449 4143149 365050 945250 760678 523300 125234 112144 829641 604740 102740 122161 433877 293208 64180 76489 2388 1438 950 58145 43609 14536 6728 6728 224490 162205 22356 39929 2038373 1725930 29298 283145 308902 307792 1110 9182 6645 897 1640 4820 4707 22 91 951498 863053 20184 68261 235066 212042 1889 21135 983394 915183 24483 43728 3541352 3295713 88167 157472 162229 121672 40557 CATERING 484885 405573 1979 77333 PRINTING & PUBLICATIONS 372058 260063 5495 106500 SUPPLIES 301742 285017 5712 11013 EQUIPMENT RENTAL/MAINT. 289393 242801 14477 32115 665086 507615 27156 130315 18800698 15142983 1362716 2294999 3289852 3588304 11422165 9548188 101579 228193 664946 640799 136534012 15897829 98749779 120636183 43736096 31881017 98658329 94313847 2870809 3950110 259493555 264786641 7684045 6799635 2926 172480 36190175 36037759 43877146 43009874 X 72759304 91898197 87098547 65107057 55758558 64771513 215616409 221776767 259493555 264786641 X 9580995 -3420637 X 0 1 1 X 0 X 15274494 35108945 34264680 16629024 24274293 125551436 15274494 35108945 34264680 16629024 24274293 125551436 53915224 71636212 1306853 940064 734486 791233 1003255 4775891 122203 9154 1699 133056 468195 42300 48300 66000 51367 676162 131136545 11646885 0.54630 0.52180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4482944 X X X X 0 114534623 8403316 -2629921 4772617 115535401 99869353 662550 18618298 4615578 114534623 84310508 6940050 12165449 3546654 99869353 101311721 3351276 -15672438 4680051 84310508 0.08280 0.49700 0.42020 0 1 1 181544 181544 119133144 5265400 113867744 13204324 10632429 2571895 4015000 4015000 120636183 INFLATION HEDGING 5788434 F MARKETABLE ALTERNATIVES 53859437 F NON-MARKETABLE ASSETS 3323364 F INVESTMENT PARTNERSHIPS 31342612 F 94313847 28381693 18800698 9580995 -3420637 -3420637 6160358 25038388 -3420637 301822 -3118815 28157203 224490 224490 28381693 18878030 301822 301822 18576208 224490 224490 18800698 PART III, LINE 4: THE ISABELLA STEWART GARDNER MUSEUM DISPLAYS AN ART COLLECTION OF WORLD IMPORTANCE, INCLUDING WORKS THAT RANK AMONG THE MOST SIGNIFICANT OF THEIR TYPE. ISABELLA GARDNER COLLECTED AND CAREFULLY DISPLAYED A COLLECTION COMPRISED OF SOME 5,000 OBJECTS -- PAINTINGS, SCULPTURE, FURNITURE, TEXTILES, DRAWINGS, SILVER, CERAMICS, ILLUMINATED MANUSCRIPTS, RARE BOOKS, PHOTOGRAPHS AND LETTERS -- FROM ANCIENT ROME, MEDIEVAL EUROPE, RENAISSANCE ITALY, ASIA, THE ISLAMIC WORLD AND 19TH-CENTURY FRANCE AND AMERICA. BUILT TO EVOKE A 15TH-CENTURY VENETIAN PALACE, THE MUSEUM BUILDING ITSELF PROVIDES AN ATMOSPHERIC SETTING FOR ISABELLA STEWART GARDNER'S INVENTIVE CREATION. HISTORICAL AND SCHOLARLY ENDEAVORS AT THE ISABELLA STEWART GARDNER MUSEUM EXPLORE THE MUSEUM'S PERMANENT COLLECTION AND THE CONTEXT OF ISABELLA GARDNER'S TIME IN ORDER TO ENCOURAGE NEW WAYS OF THINKING ABOUT ART AND CULTURE. EXHIBITIONS EXAMINE HISTORICAL AND SOCIAL PERSPECTIVES OF WORKS OF ART, RESULTING IN AN ENRICHING EXPERIENCE FOR VISITORS TO THE MUSEUM. THE COLLECTION IS ALSO A SOURCE OF INSPIRATION FOR EDUCATORS, THINKERS, AND CONTEMPORARY ARTISTS, AND SERVES AS THE FOCUS TO PROGRAMS AS WELL AS EDUCATIONAL AND COMMUNITY INITIATIVES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENTS WERE FUNDED BY DONORS AND BY THE MUSEUM'S BOARD TO PROVIDE FINANCIAL SUPPORT FOR SPECIFIC PROGRAMS AND TO ENSURE THE LONG-TERM VIABILITY OF THE MUSEUM AND ITS MISSION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE MUSEUM IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. THE MUSEUM HAS DETERMINED THAT ITS STATUS AS A TAX EXEMPT ENTITY IS NOT AN UNCERTAIN TAX POSITION WITHIN THE MEANING OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR ITS OPEN TAX YEARS. THE MUSEUM'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR 3 YEARS FOLLOWING THE DATE FILED. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAFE RENTAL EXPENSES 14,237. MUSEUM SHOP COST OF GOODS SOLD 191,196. FUNDRAISING EVENT EXPENSES 96,389. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CAFE RENTAL EXPENSES 14,237. MUSEUM SHOP COST OF GOODS SOLD 191,196. FUNDRAISING EVENT EXPENSES 96,389. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 23974946 0 0 0 0 0 0 23974946 0 23974946 1 0 1 1 1 0 SPRING GALA - CONCERT 811364 759997 51367 14192 26121 56076 811364 759997 51367 14192 26121 56076 96389 -45022 X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 ANNE HAWLEY 278008 0 0 0 16500 0 11180 0 18981 0 324669 0 0 0 PETER BRYANT 184119 0 0 0 0 0 9285 0 11314 0 204718 0 0 0 NOAH SCHNEIDERMAN 121296 0 0 0 0 0 6421 0 26219 0 153936 0 0 0 JAMES LABECK 199229 0 0 0 0 0 7663 0 19859 0 226751 0 0 0 LISA BEVILAQUA 152138 0 0 0 0 0 7104 0 7622 0 166864 0 0 0 PART I, LINE 1A A TAXABLE HOUSING ALLOWANCE IS PROVIDED TO THE EXECUTIVE DIRECTOR, IN RECOGNITION OF THE FACT THAT SHE IS THE FIRST EXECUTIVE DIRECTOR NOT TO BE PROVIDED LIVING QUARTERS IN THE MUSEUM. MASS HEALTH & EDUCATIONAL FACILITIES AUTHORITY 042456011 57586EMM0 2009-11-17 36444201 CONSTRUCTION, FURNISHING, AND EQUIPPING OF A NEW MUSEUM BUILDING. 0 0 0 36444201 811351 2368935 506515 32757400 2011 0 0 1 1 0 0 1 1 0 0.00790 0.00000 0.00790 1 0 0 0 0 0 1 X 27 1111124 FMV 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF GIFTS. NON REPORTING OF REVENUE: PART I, LINE 33: $2,235,829 OF PUBLICLY TRADED SECURITIES RECEIVED BY THE ORGANIZATION IN FY '12 ARE EXCLUDED FROM SCHEDULE M, PART I, COLUMN (C) AS SUCH AMOUNTS WERE REPORTED AS CONTRIBUTION INCOME IN PRIOR YEARS. ORGANIZATION'S MISSION STATEMENT FORM 990, PART I, LINE 1 & FORM 990, PART III, LINE 1: ESTABLISHED BY ITS FOUNDER IN 1903 FOR "THE EDUCATION AND ENJOYMENT OF THE PUBLIC FOREVER," THE ISABELLA STEWART GARDNER MUSEUM CURRENTLY SERVES APPROXIMATELY 200,000 VISITORS PER YEAR THROUGH EXHIBITIONS, PROGRAMS, AND EDUCATIONAL PARTNERSHIPS. HOUSED IN A VENETIAN-INSPIRED BUILDING, THE GARDNER IS HOME TO SOME 5,000 ART OBJECTS, SPANNING 30 CENTURIES, INCLUDING MASTERWORKS BY BOTTICELLI, TITIAN, RAPHAEL, REMBRANDT, DEGAS, AND SARGENT. THESE WORKS AND GARDNER'S LEGACY ARE ILLUMINATED THROUGH SCHOLARLY AS WELL AS CONTEMPORARY EXHIBITIONS; ONE OF THE NATION'S LONGEST-RUNNING MUSEUM MUSIC PROGRAMS; AN ARTIST-IN-RESIDENCE PROGRAM; AND SCHOOL AND COMMUNITY PARTNERSHIPS. AS ADOPTED BY THE BOARD OF TRUSTEES IN 2000, THE ISABELLA STEWART GARDNER MUSEUM'S MISSION IS "TO EXERCISE CULTURAL AND CIVIC LEADERSHIP BY NURTURING A NEW GENERATION OF TALENT IN THE ARTS AND HUMANITIES: BY DELIVERING THE WORKS OF CREATORS AND PERFORMERS TO THE PUBLIC; AND BY REACHING OUT TO INVOLVE AND SERVE ITS COMMUNITY. THE COLLECTION IS AT THE CENTER OF THIS EFFORT AS AN INSPIRING ENCOUNTER WITH BEAUTY AND ART." FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED AND APPROVED FORM 990 PRIOR TO FILING. ALL TRUSTEES WERE GIVEN ACCESS TO A SECURE WEBSITE ON WHICH A COMPLETE COPY OF FORM 990, EXCEPT FOR SCHEDULE B, PART I (WHICH WAS MADE AVAILABLE UPON REQUEST), WAS AVAILABLE FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES COLLECTS AND REVIEWS ANNUAL CONFLICT DISCLOSURE REPORTS FROM ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. TRUSTEES AND THEIR FAMILIES MAY NOT SERVE AS PAID EMPLOYEES OF THE MUSEUM UNLESS APPROVED IN ADVANCE BY THE BOARD. TRUSTEES, OFFICERS AND KEY EMPLOYEES MUST ABSTAIN FROM DISCUSSIONS AND VOTES ON ANY ACTION WHERE THEY HAVE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES SETS COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES OF THE MUSEUM. FOR EACH POSITION, THE COMMITTEE USES DATA BASED ON INDUSTRY SURVEYS, DOCUMENTED COMPENSATION FROM OTHER SIMILAR ORGANIZATIONS, EXPERT COMPENSATION STUDIES OR OTHER COMPARABILITY BASED DATA. COMPENSATION IS SET BY INDEPENDENT PERSONS AND DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE MUSEUM WILL CONSIDER REQUESTS FOR COPIES OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY. ADDITIONALLY, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,420,637. CHARITABLE REMAINDER TRUSTS (2) CHARITABLE TRUST MA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA