MUSEUM OF FINE ARTS: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MUSEUM OF FINE ARTS (EIN 04-2103607)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201101339349300220
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T07:40:54-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ Tofias | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 Massachusetts Avenue | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 02139 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103607 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Museum of Fine Arts | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MUSE | NameControl |
| Phone | 6173693281 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Mark B Kerwin | Name |
| Title | Chief Financial Officer | Title |
| Phone | 6173693281 | Phone |
| Date Signed | 2011-05-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH M GISO MST | Name |
| Phone | 6177610600 | Phone |
| Date Prepared | 2011-05-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Malcolm A Rogers | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 393706828 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.mfa.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1870 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | See Schedule O. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 41 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 39 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1452 | TotalNbrEmployees |
| Total Nbr Volunteers | 1150 | TotalNbrVolunteers |
| Total Gross UBI | -472981 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -473020 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 53382292 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 49987517 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 31892934 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 34898993 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -26892497 | InvestmentIncomePriorYear |
| Investment Income Current Year | 28025518 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 10769269 | OtherRevenuePriorYear |
| Other Revenue Current Year | 9874141 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 69151998 | TotalRevenuePriorYear |
| Total Revenue Current Year | 122786169 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5034804 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5830473 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 47322909 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 45453675 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 4771462 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 66621212 | OtherExpensePriorYear |
| Other Expenses Current Year | 64315369 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 118978925 | TotalExpensesPriorYear |
| Total Expenses Current Year | 115599517 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -49826927 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7186652 | RevenuesLessExpensesCY |
| Total Assets BOY | 1082535325 | TotalAssetsBOY |
| Total Assets EOY | 1109956349 | TotalAssetsEOY |
| Total Liabilities BOY | 269318967 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 251407220 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 813216358 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 858549129 | NetAssetsOrFundBalancesEOY |
| Mission Description | See Schedule O. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 15615307 | Expense |
| Revenue | 1555629 | Revenue |
| Description | 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 177,000 visitors participated in these various programs. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 14140154 | Expense |
| Revenue | 6556905 | Revenue |
| Description | 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 2010, the Museum presented more than 24 exhibitions. Some highlights include: 'new and native beauty': the art and craft of greene & greene (july 14 - oct 18, 2009); echoes of heian - kao: court culture in the floating workd (july 25, 2009 - march 7, 2010); glorious beasts in persian paintings (aug 22, 2009 - april 11, 2010); tibet/china confluences (aug 26, 2009 - may 23, 2010); luxuries from japan: cultural exchange in the 17th and 18th centuries (sept 30, 2009 - jan 17, 2011); patterns of long ago: reflections of china in japanese no costumes (sept 30, 2009 - may 31, 2010); cafe and cabaret: toulouse - lautrec's paris (nov 21, 2009 - aug 8, 2010); object, image, collector: african and oceanic art in focus (dec 12, 2009 - july 18, 2010); luis melendez: master of the spanish still life (feb 2 - may 9, 2010); under the skin: tattoos in japanese prints (april 3, 2010 - jan 2, 2011); romantic interludes: woman in firdawsi's shanama (april 24, 2010 - jan 17, 2011); signs and symbols: the community arts initiative artist project (april 24 - sept 6, 2010); visiting masterpieces: vincent van gogh's the sower (may 11 - aug 17, 2010); the secrets of tomb 10a: egypt 2000bc (oct 18, 2009 - june 27, 2010); bharat ratna! jewels of modern indian art (nov 14, 2009 - june 6, 2010); albrecht durer: virtuoso printmaker (nov 21, 2009 - july 5, 2010); etc. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 25539279 | Expense |
| Grants | 5830473 | Grants |
| Revenue | 23534428 | Revenue |
| Description | School of Museum of Fine Arts program:The School of Museum of Fine Arts (the School) is nationally accredited by and 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 2009-10 academic year, the School had 1,397 students across all programs. | Description |
Activity Other ActivityOther (6 entries)
| ExpenseExpense | RevenueRevenue | DescriptionDescription |
|---|---|---|
| 2826097 | 2856372 | enterprise:the museum shop offers a wide variety of merchandise relating to the museum's collections and special exhibitions. offerings at the shop include art books, posters, cards, glass, textiles, jewelry and sculpture. the museum shop also conducts a web-based retail business. the museum shop offers for sale in its shop or through its web-based outlet items as denoted above from the museum's collections and from 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.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. |
| 28011857 | 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. | |
| 945624 | 2194751 | parking facilities:the museum owns a parking garage and has two open air parking lots. all of these facilities are open to members and visitiors to the museum. the operation of adjacent parking lots by the museum in area of insufficient parking spaces for the use of its visitors contribites importantly to the musuem'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. |
| 795060 | 1406160 | 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 partons. 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 indireectly 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. beacuse there are places of refershment in the museum visitors are able to devite 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. |
| 3162216 | 4910280 | membership & visitors:nearly 900,000 visitors attended the museum druing fiscal year 2010. The museum has an admission charge; howeverm druing the fiscal year 2010, During fiscal year 2010 there were ten community days during which admission charges were waived and the museum has free admisioon each wednesday evening. the museum has apporximately 64,000 active members. 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. |
| 2037206 | 2321699 | OTHER MISC. PROGRAM SERVICES: |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 37778060 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 13689262 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 93072800 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2826 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 18 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1452 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 41 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 39 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Mark B Kerwin CPA CFO | NamePerson |
| Telephone Number | 6173693281 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 021155523 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (53 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Peter C Aldrich | ||||||||
| Elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Barbara Alfond | ||||||||
| elected Trustee-President | 1.00 | X | 0 | 0 | 0 | X | ||
| Gabriella Beranek | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Bettina Burr | ||||||||
| elected Trustee - Secretary | 1.00 | X | 0 | 0 | 0 | X | ||
| cleve killingsworth | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| David D Croll | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Deutch | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Susan Donahue | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| William R Elfers | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Stephen A Fine | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Nicholas Greville | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jeffrey E Horvitz | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| William Hunt | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ellen Jaffe | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Susan B Kaplan | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| jody gill | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Katherine R Kirk | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| C Kevin Landry | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Lawrence J Lasser | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Joyce Linde | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Richard Lubin | ||||||||
| elected Trustee - Treasurer | 1.00 | X | 0 | 0 | 0 | X | ||
| Ellyn McColgan | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sandra O Moose | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Scott Nathan | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Slocumb Hollis Perry | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Roger Servison | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sylvia Simmons | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| timothy phillips | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| stokley towles | ||||||||
| chairman - elected Trustee | 1.00 | X | 0 | 0 | 0 | X | ||
| M Penny Vinik | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ernst von Metzsch | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Pamela Voss | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Carol Wall | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Matthew A Weatherbie | ||||||||
| elected Trustee | 1.00 | X | 0 | 0 | 0 | |||
| theresa stone - MIT | ||||||||
| appointed trustee | 1.00 | X | 0 | 0 | 0 | |||
| peter gomes - harvard u | ||||||||
| appointed trustee | 1.00 | X | 0 | 0 | 0 | |||
| donna m deprisco - bpl | ||||||||
| appointed trustee | 1.00 | X | 0 | 0 | 0 | |||
| carol johnson - superintendent | ||||||||
| bps - appointed trustee | 1.00 | X | 0 | 0 | 0 | |||
| mayor thomas m menino | ||||||||
| city of boston - appointed trustee | 1.00 | X | 0 | 0 | 0 | |||
| paula matthews - boston | ||||||||
| athenaeum - appointed trustee | 1.00 | X | 0 | 0 | 0 | |||
| carol whittemore - mfa | ||||||||
| associates - appointed trustee | 1.00 | X | 0 | 0 | 0 | |||
| Malcolm A Rogers | ||||||||
| Director | 40.00 | 599189 | 0 | 167778 | X | |||
| Patricia Jacoby | ||||||||
| Deputy Director | 40.00 | 302857 | 0 | 34422 | X | |||
| katherine g getchell | ||||||||
| deputy director | 40.00 | 281686 | 0 | 29113 | X | |||
| mark kerwin | ||||||||
| deputy Director & CFO | 40.00 | 254327 | 0 | 37329 | X | |||
| kimberly french | ||||||||
| deputy Director | 40.00 | 253365 | 0 | 31832 | X | |||
| Deborah H Dluhy | ||||||||
| deputy Director | 40.00 | 230699 | 0 | 23130 | X | |||
| daniel p poteet II | ||||||||
| dean of school | 40.00 | 151736 | 0 | 25390 | X | |||
| walter upton | ||||||||
| Project dev. & Construction | 40.00 | 327744 | 0 | 32050 | X | |||
| Charles H Hall | ||||||||
| Project Manager | 40.00 | 176625 | 0 | 26176 | X | |||
| Sally K O'hare | ||||||||
| Project Manager | 40.00 | 178939 | 0 | 18079 | X | |||
| William J McAvoy | ||||||||
| Dir. of Development | 40.00 | 174768 | 0 | 31080 | X | |||
| Cynthia Glott | ||||||||
| Dir. of Planning/Admin | 40.00 | 165517 | 0 | 27078 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3097452 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 483457 | TotalOtherCompensation |
| Number Individuals GT100 K | 43 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line1AddressOfContractor/AddressForeign/AddressLine1 | CityAddressOfContractor/AddressForeign/City | CountryAddressOfContractor/AddressForeign/Country |
|---|---|---|---|---|---|---|---|---|
| John Moriarty & Associates | ||||||||
| 3 church st | winchester | MA | 01890 | construction | 67299056 | |||
| goppion spa | ||||||||
| frame/case maker | 3475752 | viale edisson 58-6 20090 Trezzan | milano | IT | ||||
| childs bertman tseckares | ||||||||
| 110 canal st | boston | MA | 02114 | architectural & engineering | 1073005 | |||
| baupost value partners lpiv | ||||||||
| 10 st james ave suite 1700 | boston | MA | 02116 | investment management | 1027648 | |||
| traditional line | ||||||||
| 143 w 21st street | new york | NY | 10011 | carpenter/exhibition installer | 952254 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 49 | NumberOfContractorsGT100K |
| Membership Dues | 7251302 | MembershipDues |
| Government Grants | 105661 | GovernmentGrants |
| All Other Contributions | 42630554 | AllOtherContributions |
| Total Contributions | 49987517 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition School | 611600 | 23534428 | 23534428 |
| Admission Fees Income | 713990 | 4910280 | 4910280 |
| Exhibition Income | 713990 | 4898656 | 4898656 |
| Education Program Reve | 611710 | 1555629 | 1555629 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 34898993 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3356102 | TotalRevenueColumn |
| Unrelated Business Revenue | -126641 | UnrelatedBusinessRevenue |
| Exclusion | $3,482,743 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2488072 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3051162 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -563090 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -563090 | TotalRevenueColumn |
| Unrelated Business Revenue | -345343 | UnrelatedBusinessRevenue |
| Exclusion | -$217,747 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 288121641 | Securities |
| Other | 1865997 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 265318222 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 22803419 | Securities |
| Other | 1865997 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24669416 | TotalRevenueColumn |
| Exclusion | $24,669,416 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 5407647 | GrossSalesOfInventory |
| Cost Of Goods Sold | 2551275 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2856372 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2857454 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -1082 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Other Ancillary Servic | 900099 | 3979948 | 3979863 | 85 |
| Parking | 812930 | 2194751 | 2194751 | |
| Food services | 722100 | 1406160 | 1406160 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 7580859 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 122786169 | TotalRevenueColumn |
| Related Or Exempt Function Income | 45337221 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -472981 | UnrelatedBusinessRevenue |
| Exclusion | $27,934,412 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5695193 | Total |
| Program Services | 5695193 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135280 | Total |
| Program Services | 135280 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2128550 | Total |
| Program Services | 569958 | ProgramServices |
| Management And General | 1211008 | ManagementAndGeneral |
| Fundraising | 347584 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33392433 | Total |
| Program Services | 27716253 | ProgramServices |
| Management And General | 3181583 | ManagementAndGeneral |
| Fundraising | 2494597 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2412284 | Total |
| Program Services | 1925560 | ProgramServices |
| Management And General | 295245 | ManagementAndGeneral |
| Fundraising | 191479 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4529906 | Total |
| Program Services | 3770487 | ProgramServices |
| Management And General | 549254 | ManagementAndGeneral |
| Fundraising | 210165 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2990502 | Total |
| Program Services | 2387112 | ProgramServices |
| Management And General | 366014 | ManagementAndGeneral |
| Fundraising | 237376 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 712144 | Total |
| Program Services | 712144 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 488685 | Total |
| Program Services | 36585 | ProgramServices |
| Management And General | 452100 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 263056 | Total |
| Program Services | 76908 | ProgramServices |
| Management And General | 186148 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78525 | Total |
| Fundraising | 78525 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5208035 | Total |
| Program Services | 888552 | ProgramServices |
| Management And General | 4267400 | ManagementAndGeneral |
| Fundraising | 52083 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3277033 | Total |
| Program Services | 1192987 | ProgramServices |
| Management And General | 1868262 | ManagementAndGeneral |
| Fundraising | 215784 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2652538 | Total |
| Program Services | 2272767 | ProgramServices |
| Management And General | 379771 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2331424 | Total |
| Program Services | 1767488 | ProgramServices |
| Management And General | 408709 | ManagementAndGeneral |
| Fundraising | 155227 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1251353 | Total |
| Program Services | 179739 | ProgramServices |
| Management And General | 1059467 | ManagementAndGeneral |
| Fundraising | 12147 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6255289 | Total |
| Program Services | 5749575 | ProgramServices |
| Management And General | 455261 | ManagementAndGeneral |
| Fundraising | 50453 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1121042 | Total |
| Program Services | 689892 | ProgramServices |
| Management And General | 260973 | ManagementAndGeneral |
| Fundraising | 170177 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4298348 | Total |
| Program Services | 3425127 | ProgramServices |
| Management And General | 873221 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13228592 | Total |
| Program Services | 12922083 | ProgramServices |
| Management And General | 296696 | ManagementAndGeneral |
| Fundraising | 9813 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 851242 | Total |
| Program Services | 412174 | ProgramServices |
| Management And General | 439068 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| purchase works of art | 6949520 | 6949520 | ||
| school expenses | 3813778 | 3813778 | ||
| exhibition & spec. prog | 3449967 | 3449967 | ||
| equipment & rental | 3199754 | 3044841 | 109383 | 45530 |
| printing & duplication | 698027 | 577461 | 9845 | 110721 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4187017 | Total |
| Program Services | 2711369 | ProgramServices |
| Management And General | 1085847 | ManagementAndGeneral |
| Fundraising | 389801 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115599517 | Total |
| Program Services | 93072800 | ProgramServices |
| Management And General | 17755255 | ManagementAndGeneral |
| Fundraising | 4771462 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2822412 | BOY |
| EOY | 642654 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127075594 | BOY |
| EOY | 78649598 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92775015 | BOY |
| EOY | 88926945 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3308906 | BOY |
| EOY | 2226364 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1690806 | BOY |
| EOY | 1799143 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2775016 | BOY |
| EOY | 2407394 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 581142669 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 124452252 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 416680942 | BOY |
| EOY | 456690417 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284899876 | BOY |
| EOY | 308052058 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149524622 | BOY |
| EOY | 169577977 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22085 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 960051 | BOY |
| EOY | 983799 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1082535325 | BOY |
| EOY | 1109956349 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49128943 | BOY |
| EOY | 26210734 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6553574 | BOY |
| EOY | 5135223 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 185000000 | BOY |
| EOY | 185000000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2741315 | BOY |
| EOY | 2579125 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25895135 | BOY |
| EOY | 32482138 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 269318967 | BOY |
| EOY | 251407220 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129528510 | BOY |
| EOY | 250831429 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 434627227 | BOY |
| EOY | 344970120 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 249060621 | BOY |
| EOY | 262747580 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 813216358 | BOY |
| EOY | 858549129 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1082535325 | BOY |
| EOY | 1109956349 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 116303183 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 68005918 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 141271930 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 53382292 | CurrentTaxYearMinus1Year |
| Current Tax Year | 49987517 | CurrentTaxYear |
| Total | 428950840 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 116303183 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 68005918 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 141271930 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 53382292 | CurrentTaxYearMinus1Year |
| Current Tax Year | 49987517 | CurrentTaxYear |
| Total | 428950840 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 69708065 | AmountsSubstContributorsTotal |
| Public Support Total170 | 359242775 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10940719 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 9981850 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11625229 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5266330 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3356102 | CurrentTaxYear |
| Total | 41170230 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 470121070 | TotalSupport |
| Gross Receipts From Admissions Etc | 224275801 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.76410 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.60630 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $78,525 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 78525 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part IV, Supplemental Information: | Identifier |
| Explanation | The Museum has contracted with a government relations firm that represents its interests with members of congress in regards to the process of seeking federally appropriated dollars through legislation. This contract ended in March 2010. The Museum is a member of an organization that advocates with state and city government officials for issues related to, and funding for, the arts. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 1 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 431307346 | BeginningOfYearBalance |
| Contributions | 15286729 | Contributions |
| Investment Earnings Or Losses | 51488970 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 825952 | GrantsOrScholarships |
| Other Expenditures | 9099257 | OtherExpenditures |
| Administrative Expenses | 4122551 | AdministrativeExpenses |
| End Of Year Balance | 484035285 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 565221813 | BeginningOfYearBalance |
| Contributions | 14883910 | Contributions |
| Investment Earnings Or Losses | -132050777 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 886089 | GrantsOrScholarships |
| Other Expenditures | 13208912 | OtherExpenditures |
| Administrative Expenses | 2652599 | AdministrativeExpenses |
| End Of Year Balance | 431307346 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.46000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.54000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20304653 | OtherCostOrOtherBasis |
| Book Value | 20304653 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 368037891 | OtherCostOrOtherBasis |
| Depreciation | 111237797 | Depreciation |
| Book Value | 256800094 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 29931127 | OtherCostOrOtherBasis |
| Depreciation | 13214455 | Depreciation |
| Book Value | 16716672 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 162868998 | OtherCostOrOtherBasis |
| Book Value | 162868998 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 456690417 | TotalOfBookValueLandBuildings |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 150154000 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | beneficial interest in perpetual trust | Description |
| Book Value | 19423977 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 169577977 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| BOND ISSUANCE COST | 299255 |
| OTHER ASSETS | 684544 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 983799 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| line of credit | $1,078,751 |
| asset retirement obligation | $7,140,107 |
| liability under interest rate swap | $23,769,292 |
| other liabilities | $493,988 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 32482138 | TotalOfAmounts |
| Total Revenue | 122786169 | TotalRevenue |
| Total Expenses | 115599517 | TotalExpenses |
| Excess Or Deficit For Year | 7186652 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 42763827 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 837730 | DonatedServicesAndFacilities |
| Other | -$5,455,438 | OtherAmount |
| Total Adjustments | 38146119 | TotalAdjustments |
| Excess Or Deficit Per FS | 45332771 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 163321304 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 42763827 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 837730 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 962213 | OtherRevenues |
| Revenue Not Rptd F990 | 44563770 | RevenueNotRptdF990 |
| Revenue Subtotal | 118757534 | RevenueSubtotal |
| Investment Expenses Not Included | 4122551 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -93916 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 4028635 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 122786169 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 118025110 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 6548144 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 6548144 | ExpensesNotRptdF990 |
| Expenses Subtotal | 111476966 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 4122551 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 4122551 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 115599517 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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 in the end fulfill its mission. | |
| 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 over 700 individual donor-restricted endowment funds. | Description of Intended Use of Endowment Funds: |
| Part X: | No ASC 740 disclosure noted in footnotes of Consolidated Financial statements for the year ended June 30, 2010. | Description of Uncertain Tax Positions Under FIN 48: |
| Part XI, Line 8 - Other Adjustments: | change in fair value of split interest agreements: -74321. change in fair value of interest rate swap agreements: -6113432. change in fair value of foreign currency contract: -54262. market rent value under real estate purchase agreement: 750000. eliminate intercompany liabilities in an non-active subsidiary corp.: 36577. | |
| Part XII, Line 2d - Other Adjustments: | change in fair value of split interest agreements: -74321. change in fair value of interest rate swap agreements: -6113432. change in fair value of foreign currency contract: -54262. cost of sales - merchandising operations: 2551275. market rent value under real estate purchase agreement: 750000. rental expenses: 3051162. internal repair and maintenance charges: 851791. | |
| Part XII, Line 4b - Other Adjustments: | art in bloom expense net with revenue: -93916. | |
| Part XIII, Line 2d - Other Adjustments: | cost of sales - merchandising operations: 2551275. art in bloom expense net with revenue: 93916. rental expenses: 3051162. internal repair and maintenance charges: 851791. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central america and the caribbean | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | Investment | TypeOfActivitiesConducted |
| Specific Services Provided | n/a | SpecificServicesProvided |
| Total Expenditures | 0 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 0 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (3 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| Scholarships to foreign students attending SMFA | East Asia and the pacific | 7 | 83500 | Apply to student tuition accounts |
| Scholarships to foreign students attending SMFA | South Asia | 1 | 13780 | Apply to student tuition accounts |
| Scholarships to foreign students attending SMFA | Europe | 2 | 38000 | Apply to student tuition accounts |
Form990 Schedule F Part IV Form990ScheduleFPartIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Procedure for Monitoring Grants Outside the U.S.: | Schedule F, Part I, Line 2: 100% of total grants and other assistance to foreign individuals 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. Students are required to complete a review of art with instructors at the end of each semester to receive credit. |
| Method Used to Acccount for Expenditures: | Schedule F, Part I, Line 3: IN ACCORDANCE WITH IRS FREQUENTLY ASKED QUESTIONS: Form 990 Schedule F - Foreign Activities - Reporting Foreign Investments in Part I (Tip #9), THE ORGANIZATION IS NOT REPORTING EXPENDITURES ASSOCIATED WITH ITS FOREIGN INVESTMENTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (6 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Student financial aid - operating funds scholarship | 384 | 3867662 |
| Student financial aid - endowed funds scholarship | 128 | 599619 |
| Student financial aid - full scholarship | 15 | 253412 |
| Student financial aid - merit scholarship | 91 | 753663 |
| Student travel awards | 85 | 185018 |
| faculty enrichment award programs | 15 | 35819 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | 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. 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 fifth year students based upon a proposal and portfolio grading. Traveling scholars are required to show their work at an annual exhibition held on the organization's premises. Faculty enrichment awards are given to current, on-site faculty member to pursue various projects. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Malcolm A Rogers | |||||||||||||
| 535105 | 0 | 0 | 0 | 64084 | 0 | 160498 | 0 | 7280 | 0 | 766967 | 0 | 0 | 0 |
| Patricia Jacoby | |||||||||||||
| 299809 | 0 | 0 | 0 | 3048 | 0 | 22050 | 0 | 12372 | 0 | 337279 | 0 | 0 | 0 |
| katherine g getchell | |||||||||||||
| 281470 | 0 | 0 | 0 | 216 | 0 | 22050 | 0 | 7063 | 0 | 310799 | 0 | 0 | 0 |
| mark kerwin | |||||||||||||
| 253775 | 0 | 0 | 0 | 552 | 0 | 22050 | 0 | 15279 | 0 | 291656 | 0 | 0 | 0 |
| kimberly french | |||||||||||||
| 252983 | 0 | 0 | 0 | 382 | 0 | 19624 | 0 | 12208 | 0 | 285197 | 0 | 0 | 0 |
| Deborah H Dluhy | |||||||||||||
| 227971 | 0 | 0 | 0 | 2728 | 0 | 20621 | 0 | 2509 | 0 | 253829 | 0 | 0 | 0 |
| daniel p poteet II | |||||||||||||
| 150167 | 0 | 0 | 0 | 1569 | 0 | 13763 | 0 | 11627 | 0 | 177126 | 0 | 0 | 0 |
| walter upton | |||||||||||||
| 325634 | 0 | 0 | 0 | 2110 | 0 | 19625 | 0 | 12425 | 0 | 359794 | 0 | 0 | 0 |
| Charles H Hall | |||||||||||||
| 174659 | 0 | 0 | 0 | 1966 | 0 | 14348 | 0 | 11828 | 0 | 202801 | 0 | 0 | 0 |
| Sally K O'hare | |||||||||||||
| 177917 | 0 | 0 | 0 | 1022 | 0 | 16121 | 0 | 1958 | 0 | 197018 | 0 | 0 | 0 |
| William J McAvoy | |||||||||||||
| 174520 | 0 | 0 | 0 | 248 | 0 | 16200 | 0 | 14880 | 0 | 205848 | 0 | 0 | 0 |
| Cynthia Glott | |||||||||||||
| 165301 | 0 | 0 | 0 | 216 | 0 | 15300 | 0 | 11778 | 0 | 192595 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | Housing allowance of $62,500 was paid to Malcolm Rogers based on the employment contract. club dues of $450 were made to a social club for Deborah Dluhy. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mass Health and Educational Facilities authority | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 042456011 | IssuerEIN |
| CUSIP Number | 57586CV69 | CUSIPNumber |
| Date Issued | 2007-12-13 | DateIssued |
| Issue Price | 185000000 | IssuePrice |
| Description Of Purpose | New Money for Construction | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 185802983 | TotalProceeds |
| Issuance Costs From Proceeds | 1134172 | IssuanceCostsFromProceeds |
| Capital Expenditures | 184668811 | CapitalExpenditures |
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 1 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 1 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 1 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bank of America | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 20.000000000000 | TermOfHedge |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| BCBSCleve Killingsworth | |||
| Trustee | 5932741 | Mr. Killingsworth was Director/Chairman of the board & CEO of Blue Cross Blue Shield of MA, Inc. (BCBS) until December of 2009. Mr. Killingsworth left the MFA's trustee position at same time. The MFA offers its employees health insurance through BCBS plans. | 0 |
| Baupost group llcScott Nathan | |||
| Trustee | 223291 | Mr. Nathan is a shareholder of Baupost group, llc. The MFA invests in Baupost Value Partners IV LP and pays management fees via its interest. | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 335 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 79 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Non Reporting of Revenue: | Identifier |
| Return Reference | Part I, Line 33: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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). |
| Form 990, Part XI, Line 2c: | The Museum maintains an audit committee which is responsible for the oversight of the audit of the Museum's financial statements. The audit committee selects the auditor and approves the auditors fees on an annual basis before the engagement letter with the audit firm is signed by Museum management. Management works with the auditors on scheduling and preparation of schedules. Management compiles the financial statements for the fiscal year under audit and provides these to the auditors. The financial statements are reviewed by the auditors. Management provides draft audited financial statements to the audit committee prior to a formal meeting at which the draft financial statements are presented to the committee. Both management and the auditors attend the committee meeting. The auditors meet with the audit committee separately from management for discussion and questions & answers. The audit committee approves the financial statements and presents the approved financial statements to the full board for final review and approval. |
| Schedule K Supplental Information | The Schedule K calculation was performed by an independent third party which specializes in performing these calculations. 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, 2009 through June 30, 2010. The overall measurement period for private business use is measured over the entire thirty year term of the bonds. |
| Form 990, SCHEDULE K, Supplemental Information on Tax Exempt 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 has not yet filed an arbitrage rebate analysis due to the newness of the bonds but will file an arbitrage rebate analysis when required. The Schedule K calculation was performed by an independent third party which specializes in performing these calculations. 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, 2009 through June 30, 2010. The overall measurement period for private business use is measured over the entire thirty year term of the bonds. | |
| Form 990, Part I, Line 1 & Part III, Line 1: | Founded in 1870, the Museum has a collection of over 450,000 objects. The collection includes works of art ranging from masters of American painting to the icons of Impressionism, from exquisite Asian scrolls to Egyptian mummies. All activities and services provided by the Museum are related to its chartered purpose ("for the purpose of erecting a museum for the preservation and exhibition of works of art, or making, maintaining and exhibiting collections of such works, and for affording instruction in the fine arts..."). In order to accomplish this purpose, the Museum maintains an ongoing series of on-site programs and activities, as well as in partnership with other museums located throughout the world. These programs allow for improvement of access to works of art. The Museum receives nearly 1,000,000 visitors each year who attend exhibitions, lectures, concerts and courses on site. Additionally, the Museum provides a number of days throughout the year with free admission to further increase access to the Museum and its services. |
| Form 990, Schedule L, Part IV | As disclosed in Schedule L, the MFA invests in Baupost Value Partners IV, LP. A trustee of the MFA, Scott Nathan, has an ownership interest in the entity to which a management fee is paid. The determination to invest in this partnership was made by the MFA's Investment Committee. The Committee determined that the investment in Baupost was the best fit for the portfolio amongst investments of the same type. Mr. Nathan was not involved in any part of the due diligence surrounding the selection of the investment and excuses himself from any discussion concerning the investment. The MFA is charged a standard management fee. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUSEUM ENTERPRISE PARTNERS INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 465 HUNTINGTON AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043554307 | EIN |
| Primary Activity | sales of art and related merchandise | PrimaryActivity |
| Legal Domicile State | DE | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of EOY Assets | 36573 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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