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        <NamePerson>MARK A PARESKY</NamePerson>
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        <NamePerson>JORGE M PEREZ</NamePerson>
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        <NamePerson>ARTHUR H RICE</NamePerson>
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        <NamePerson>CRAIG ROBINS</NamePerson>
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        <NamePerson>GLORIA G SCHARLIN</NamePerson>
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      </PayrollTaxes>
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        <ManagementAndGeneral>7562</ManagementAndGeneral>
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      <OtherExpenses>
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      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
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      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
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        <CurrentTaxYearMinus3Years>11060950</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>16159380</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>8859825</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>30879682</CurrentTaxYear>
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      </Total170>
      <PublicSupportTotal170>75758649</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>185143</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>182719</CurrentTaxYearMinus3Years>
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        <CurrentTaxYearMinus1Year>53902</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>64707</CurrentTaxYear>
        <Total>562179</Total>
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      <OtherIncome170>
        <CurrentTaxYearMinus2Years>537113</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>649160</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>917588</CurrentTaxYear>
        <Total>2103861</Total>
      </OtherIncome170>
      <TotalSupport>78424689</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>6431152</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.96601</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.96523</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
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    <IRS990ScheduleB documentId="IRS990ScheduleB">
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        <ContributorNameBusiness>
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        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="IRS990ScheduleC">
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      <TotalDirectLobbying>
        <FilingOrganizationsTotals>30317</FilingOrganizationsTotals>
      </TotalDirectLobbying>
      <TotalLobbyingExpenditures>
        <FilingOrganizationsTotals>30317</FilingOrganizationsTotals>
      </TotalLobbyingExpenditures>
      <OtherExemptPurposeExpenditures>
        <FilingOrganizationsTotals>2311222</FilingOrganizationsTotals>
      </OtherExemptPurposeExpenditures>
      <TotalExemptPurposeExpenditures>
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      <LobbyingNontaxableAmount>
        <FilingOrganizationsTotals>267077</FilingOrganizationsTotals>
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      <GrassrootsNontaxableAmount>
        <FilingOrganizationsTotals>66769</FilingOrganizationsTotals>
      </GrassrootsNontaxableAmount>
      <TotLobbyingGrassrootMinusNonTx />
      <TotLobbyExpendMnsLobbyingNontx />
      <LobbyingNontaxableAmount2>
        <CurrentYearMinus3>365450</CurrentYearMinus3>
        <CurrentYearMinus2>306711</CurrentYearMinus2>
        <CurrentYearMinus1>267973</CurrentYearMinus1>
        <CurrentYear>267077</CurrentYear>
        <Total>1207211</Total>
      </LobbyingNontaxableAmount2>
      <LobbyingCeilingAmount>1810817</LobbyingCeilingAmount>
      <TotalLobbyingExpenditures2>
        <CurrentYearMinus3>29031</CurrentYearMinus3>
        <CurrentYearMinus2>30326</CurrentYearMinus2>
        <CurrentYearMinus1>30579</CurrentYearMinus1>
        <CurrentYear>30317</CurrentYear>
        <Total>120253</Total>
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      <GrassrootsNontaxableAmount2>
        <CurrentYearMinus3>91363</CurrentYearMinus3>
        <CurrentYearMinus2>76678</CurrentYearMinus2>
        <CurrentYearMinus1>66993</CurrentYearMinus1>
        <CurrentYear>66769</CurrentYear>
        <Total>301803</Total>
      </GrassrootsNontaxableAmount2>
      <GrassrootsCeilingAmount>452705</GrassrootsCeilingAmount>
      <GrassrootsLobbyingExpenditures>
        <CurrentYearMinus2>6065</CurrentYearMinus2>
        <CurrentYearMinus1>6116</CurrentYearMinus1>
        <Total>12181</Total>
      </GrassrootsLobbyingExpenditures>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts>
        <RevenuesIncluded>30594209</RevenuesIncluded>
        <AssetsInPartX>26099</AssetsInPartX>
      </ArtPublicExhibitionAmts>
      <HeldWorksOfArtAmts />
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForScholarResearch>X</CollectUsedForScholarResearch>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <CollectUsedForLoanOrExchPrgrms>X</CollectUsedForLoanOrExchPrgrms>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
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        <BeginningOfYearBalance>12107916</BeginningOfYearBalance>
        <Contributions>565078</Contributions>
        <InvestmentEarningsOrLosses>-34071</InvestmentEarningsOrLosses>
        <OtherExpenditures>431293</OtherExpenditures>
        <EndOfYearBalance>12207630</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>11700040</BeginningOfYearBalance>
        <Contributions>425086</Contributions>
        <InvestmentEarningsOrLosses>8850</InvestmentEarningsOrLosses>
        <OtherExpenditures>26060</OtherExpenditures>
        <EndOfYearBalance>12107916</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>4948677</BeginningOfYearBalance>
        <Contributions>7101930</Contributions>
        <InvestmentEarningsOrLosses>104133</InvestmentEarningsOrLosses>
        <OtherExpenditures>450700</OtherExpenditures>
        <AdministrativeExpenses>4000</AdministrativeExpenses>
        <EndOfYearBalance>11700040</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>0.00030</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.00970</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land />
      <Buildings>
        <OtherCostOrOtherBasis>31743170</OtherCostOrOtherBasis>
        <Depreciation>4240</Depreciation>
        <BookValue>31738930</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>301967</OtherCostOrOtherBasis>
        <Depreciation>268466</Depreciation>
        <BookValue>33501</BookValue>
      </Equipment>
      <OtherLandBuildings />
      <TotalOfBookValueLandBuildings>31772431</TotalOfBookValueLandBuildings>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>CONSTRUCTION RETAINAGE PAYABLE</Description>
        <Amount>692200</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>692200</TotalOfAmounts>
      <TotalRevenue>31466281</TotalRevenue>
      <TotalExpenses>4983955</TotalExpenses>
      <ExcessOrDeficitForYear>26482326</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-605298</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-605298</TotalAdjustments>
      <ExcessOrDeficitPerFS>25877028</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>31901989</TotRevenueEtcAuditedFinclStmt>
      <DonatedSrvcAndUseOfFacilities>285473</DonatedSrvcAndUseOfFacilities>
      <OtherRevenues>150235</OtherRevenues>
      <RevenueNotRptdF990>435708</RevenueNotRptdF990>
      <RevenueSubtotal>31466281</RevenueSubtotal>
      <TotalRevenuePerForm990>31466281</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>6024961</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>285473</DonatedServicesUseOfFacilities>
      <LossesReported>605298</LossesReported>
      <OtherExpensesIncluded>150235</OtherExpensesIncluded>
      <ExpensesNotRptdF990>1041006</ExpensesNotRptdF990>
      <ExpensesSubtotal>4983955</ExpensesSubtotal>
      <TotalExpensesPerForm990>4983955</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>COLLECTIONS OF ART</Identifier>
        <ReturnReference>PART III, LINE 4</ReturnReference>
        <Explanation>IN ITS BROADEST SENSE, MIAMI ART MUSEUM'S GOAL, AS STATED IN ITS MISSION, IS TO EXHIBIT, COLLECT, PRESERVE AND INTERPRET INTERNATIONAL ART OF THE 20TH AND 21ST CENTURIES. IN PARTICULAR, MIAMI ART MUSEUM'S FOCUS IS ON ART FROM THE 1930S TO THE PRESENT THAT REFLECTS THE CROSS-POLLINATION OF IDEAS BETWEEN NORTH AMERICA, SOUTH AMERICA (INCLUDING THE CARIBBEAN), EUROPE AND AFRICE, WITH THE STRONGEST FOCUS ON THE NEXUS BETWEEN THE UNITES STATES AND LATIN AMERICA. THIS CHRONOLOGICAL AND GEOGRAPHICAL FOUCS IS A REFLECTION OF BOTH SOUTH FLORIDA'S HISTORY AND DEMOGRAPHICS AND THE ART HISTORICAL MOMENT WHEN MODERN ART OF THE AMERICAS BEGAN ASSERTING ITS OWN IDENTITY, DERIVED FROM BUT INDEPENDENT OF EUROPEAN TRADITION. THIS APPROACH ALLOWS MIAMI ART MUSEUM TO EMPHASIZE MIAMI'S CHARACTER AS A POINT OF CONVERGENCE FOR A DYNAMI RANGE OF CULTURAL CURRENTS FOR THE AMERICAS, EUROPE AND AFRICA.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER ADJUSTMENTS TO REVENUE &amp; EXPENSES</Identifier>
        <ReturnReference>PART XII &amp; XIII, LINE 2D - OTHER ADJUSTMENTS</ReturnReference>
        <Explanation>THE COST OF GOODS SOLD RELATED TO THE MUSEUM ART SALES IS REPORTED AS AN EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. ON THE FORM 990 WE NET THE COST OF GOODS SOLD WITH INVENTORY REVENUE - COST OF INVENTORY SOLD: $150,235.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>ENDOWMENT FUNDS</Identifier>
        <ReturnReference>PART V, LINE 4</ReturnReference>
        <Explanation>THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS WHICH IS PRIMARILY USED FOR OPERATIONS SUPPORT AND EDUCATIONAL PROGRAMMING.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <EventsInformation>
        <NameOfEvent1>MAM BALL</NameOfEvent1>
        <GrossReceiptsEvent1>695803</GrossReceiptsEvent1>
        <GrossRevenueEvent1>695803</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>198900</OtherDirectExpensesEvent1>
        <NameOfEvent2>LUNCHEON</NameOfEvent2>
        <GrossReceiptsEvent2>152450</GrossReceiptsEvent2>
        <GrossRevenueEvent2>152450</GrossRevenueEvent2>
        <OtherDirectExpensesEvent2>28993</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>0</TotalNumberOfOtherEvents>
        <GrossReceiptsTotal>848253</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>848253</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>227893</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>227893</DirectExpenseSummaryEvents>
        <NetIncomeSummary>620360</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>THOMAS COLLINS</NamePerson>
        <BaseCompensationFilingOrg>250000</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>5374</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>255374</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>34886</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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    </IRS990ScheduleJ>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>0</NoncashContribsRptdF990>
      </WorksOfArt>
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications />
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded />
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>CONTRIBUTIONS OF ART</Identifier>
        <ReturnReference>FORM 990, SCEHDULE M, PART 1, LINE 1</ReturnReference>
        <Explanation>THE FILING ORGANIZATION IS A MUSEUM AND ELECTS UNDER SFAS 116 NOT TO CAPITALIZE ITS COLLECTIONS, THEREFORE, NO REVENUE IS REPORTED ON FORM 990, PART VIII, STATEMETN OF REVENUE, LINE 1G AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPALS.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>REVIEW OF FORM 990</Identifier>
        <ReturnReference>PART VI, SECTION B, LINE 11B</ReturnReference>
        <Explanation>A DRAFT OF THE FORM 990 WAS PROVIDED TO THE officers and finance committee of the board of trustees FOR REVIEW AND APPROVAL. THE RETURN WAS UPDATED FOR ANY CHANGES AS INDICATED BY THE officers and finance committee before FINALIZING THE RETURN.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CONFLICT OF INTEREST</Identifier>
        <ReturnReference>PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>SELF EVALUATION FORMS ARE SENT ANNUALLY TO BOARD OF TRUSTEES AS WELL AS PERIDOC REQUESTS FROM THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DOCUMENT REQUEST</Identifier>
        <ReturnReference>PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FAMILY RELATIONSHIPS BETWEEN BOARD</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 2</ReturnReference>
        <Explanation>Nedra Oren and Mark Oren - Spouse Patricia Papper and Terry Schecter - Cousins</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION REVIEW</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15C</ReturnReference>
        <Explanation>THE BOARD REVIEWS THE SALARIES OFF ALL TOP OFFICALS AND OTHER OFFICERS BY REVIEWING THE COMPENSATION LEVELS SET IN THE AAMD SALARY SURVEY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMMITTEE MINUTES</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8B</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT HAVE A SEPERATE COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RECONCILIATION OF NET ASSETS</Identifier>
        <ReturnReference>FORM 990, PAGE 12, PART XI</ReturnReference>
        <Explanation>THE AUDITED FINANCIAL STATEMETNS INCLUDE UNREALIZED LOSSES OF $605,298. THE FORM 990 DOES NOT RECOGNIZE THESE LOSSES.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>