Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
PEABODY ESSEX MUSEUM INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
EAST INDIA SQUARE
 
Room/suite
City or town, state or country, and ZIP + 4
SALEM, MA019703783
D Employer identification number

04-3157815
E Telephone number

G Gross receipts $ 140,817,461
F Name and address of principal officer:
DAN MONROE
EAST INDIA SQUARE
SALEM,MA019703783
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.PEM.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1992
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE MISSION OF THE PEABODY ESSEX MUSEUM IS TO CELEBRATE OUTSTANDING ARTISTIC AND CULTURAL CREATIVITY BY COLLECTING, STEWARDING AND INTERPRETING OBJECTS OF ART AND CULTURE IN WAYS THAT INCREASE KNOWLEDGE, ENRICH THE SPIRIT, ENGAGE THE MIND AND STIMULATE THE SENSES. THROUGH ITS EXHIBITIONS, PROGRAMS, PUBLICATIONS, MEDIA AND RELATED ACTIVITIES, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 23
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 23
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 314
6 Total number of volunteers (estimate if necessary) .... 6 187
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 15,787
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 24,532,780 87,381,774
9 Program service revenue (Part VIII, line 2g) ......... 1,631,756 3,214,230
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... -2,106,615 1,135,679
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,071,542 1,449,323
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 25,129,463 93,181,006
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 5,000 5,000
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 10,206,467 10,019,127
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet2,544,371    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 16,894,300 17,994,618
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 27,105,767 28,018,745
19 Revenue less expenses. Subtract line 18 from line 12...... -1,976,304 65,162,261
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 287,900,717 372,283,355
21 Total liabilities (Part X, line 26)............ 37,159,903 36,753,128
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 250,740,814 335,530,227
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: THE MISSION OF THE PEABODY ESSEX MUSEUM IS TO CELEBRATE OUTSTANDING ARTISTIC AND CULTURAL CREATIVITY BY COLLECTING, STEWARDING AND INTERPRETING OBJECTS OF ART AND CULTURE IN WAYS THAT INCREASE KNOWLEDGE, ENRICH THE SPIRIT, ENGAGE THE MIND AND STIMULATE THE SENSES. THROUGH ITS EXHIBITIONS, PROGRAMS, PUBLICATIONS, MEDIA AND RELATED ACTIVITIES, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 6,886,249 including grants of $   ) (Revenue $ 2,577,406 )
EXHIBITIONS AND PUBLICATIONS: SEE SCHEDULE O.
4b (Code:   ) (Expenses $ 4,636,072 including grants of $ 5,000 ) (Revenue $ 454,005 )
CURATORIAL AND COLLECTIONS: SEE SCHEDULE O.
4c (Code:   ) (Expenses $ 2,582,053 including grants of $   ) (Revenue $ 266,708 )
EDUCATION: SEE SCHEDULE O.
(Code:   ) (Expenses $ 407,256 including grants of $   ) (Revenue $   )
ACQUISITIONS: IN 2010, OVER 680 SIGNIFICANT AND BEAUTIFUL OBJECTS WERE ACQUIRED BY THE MUSEUM THROUGH PURCHASE OR GIFT. THE OBJECTS SPANNED MOST OF THE MUSEUM'S MAJOR COLLECTING AREAS AND INCLUDED:- FOUR HUNDRED TWELVE PIECES OF AMERICAN ART - MOST NOTABLY TWO OIL PAINTINGS BY GILBERT STUART; AND AN EIGHTY-EIGHT PIECE COLLECTION OF DESIGNER AND FASHION-RELATED CLOTHING FROM FASHION ICON IRIS APFEL.- FIFTY-EIGHT IMPORTANT PIECES FOR THE ASIAN EXPORT ART COLLECTION, OF WHICH TWO ARE PARTICULARLY EXCITING: A CHINESE PAINTED SILK PALAMPORE FROM THE LATE 18TH CENTURY AND GRANDE ODALISQUE, AN OIL PAINTING ON CANVAS BY LAMQUA. - FIFTY-SIX CHINESE OBJECTS INCLUDING A COLLECTION OF SNUFF BOTTLES AND TWO LARGE CHINESE GOUACHE LANDSCAPE PAINTINGS FROM THE LATE 18TH CENTURY.- A JAPANESE PAINTING, JESUS ON THE CROSS, BY ARTIST SAITO WATANABE.- EIGHT NEW PIECES FOR THE MARITIME ART COLLECTION INCLUDING A GROUP OF SEVEN MARITIME-RELATED POSTERS AND AN IVORY PIE CRIMPER.- FOUR OBJECTS FOR THE NATIVE AMERICAN ART COLLECTION, INCLUDING A FEATHER HEAD LEI MADE BY AUDREY WAGNER AND A HAWAIIAN POI BOARD AND WOODEN BOWL BY ARTIST SOLOMON APIO. - ONE HUNDRED TWENTY-SIX ACQUISITIONS FOR THE PHOTOGRAPHY COLLECTION INCLUDING A PRINT SET OF 11 PHOTOGRAPHS BY HAROLD EUGENE EDGERTON, AND A COLLECTION OF 20 PHOTOGRAPHS BY MILTON ROGOVIN AND 23 PHOTOGRAPHS BY ARTHUR TRESS.- FIFTEEN NEW OBJECTS FOR THE SOUTH ASIAN AND KOREAN ART COLLECTION - MOST NOTABLY TWO LITHOGRAPHS BY ABDUR RAHMAN CHUGHTAI AND FOUR WORKS BY ZAINUL ABEDIN.IN ADDITION TO THE MUSEUM'S MANY EXCITING NEW ADDITIONS, THE PHILLIPS LIBRARY CONTINUED TO ACQUIRE IMPORTANT RARE BOOKS, PAPERS, PRINTS, AND PHOTOGRAPHS - 499 NEW OBJECTS IN ALL DURING 2010. THE LIBRARY WAS PARTICULARLY FORTUNATE TO RECEIVE THE BISHOP COLLECTION: INVESTIGATIONS AND STUDIES IN JADE BY HEBER R. BISHOP, PUBLISHED AS A TWO-VOLUME SET IN 1906. THIS SET IS ONE OF ONLY 100 EVER PRODUCED AND INCLUDES 13 ORIGINAL WATERCOLOR DRAWINGS, 31 COPPER PLATE ENGRAVINGS, 17 WOODCUTS AND 36 CHROMOLITHOGRAPHS. THE LIBRARY ALSO RECEIVED A LOUIS PRANG & COMPANY CHROMOLITHOGRAPH PROGRESSIVES PROOF BOOK. THIS BOOK SHOWS EACH STEP FROM THE FIRST SHADOWY OUTLINE TO THE FINISHED LITHOGRAPH INVOLVING 25 COLOR SEPARATIONS. THIS LITHOGRAPH IS CONSIDERED ONE OF THE FINEST EVER MADE.
(Code:   ) (Expenses $ 1,450,699 including grants of $   ) (Revenue $   )
MEMBERSHIP AND GUEST SERVICES
(Code:   ) (Expenses $ 2,544,789 including grants of $   ) (Revenue $   )
PUBLIC INFORMATION & CREATIVE SERVICES
(Code:   ) (Expenses $ 1,084,405 including grants of $   ) (Revenue $   )
MEDIA SERVICES
(Code:   ) (Expenses $ 1,162,457 including grants of $   ) (Revenue $ 1,273,739 )
ENTERPRISES
4d Other program services. (Describe in Schedule O.)
(Expenses $ 6,649,606 including grants of $   ) (Revenue $ 1,273,739 )
4e Total program service expensesMediumBullet$ 20,753,980
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
 
No
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I...... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................ Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II........................... Click to see attachment
26
Yes
 
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III............... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I........................... Click to see attachment
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1.....................
34
 
No
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2...
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
74
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
314
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletVI , CJ
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
23
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
23
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
 
No
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
MA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
ANNE MUNSCH
PEABODY ESSEX MUSEUM EAST INDIA
SALEM,MA019703783
(978) 745-9500
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) TINA AMBANI
TRUSTEE
 1.00 X           0 0 0
(2) SAMUEL BYRNE
CO-CHAIRMAN
 1.00 X   X       0 0 0
(3) C RICHARD CARLSON
TREASURER
 1.00 X   X       0 0 0
(4) MARTHA CHAYET
TRUSTEE
 1.00 X           0 0 0
(5) SAMIR DESAI
TRUSTEE
 1.00 X           0 0 0
(6) KIM SMITH GUERSTER
TRUSTEE
 1.00 X           0 0 0
(7) CARTER HARRISON
TRUSTEE
 1.00 X           0 0 0
(8) JAMES HAWKES
TRUSTEE
 1.00 X           0 0 0
(9) D THOMAS HEALEY JR
TRUSTEE
 1.00 X           0 0 0
(10) SEAN HEALEY
CO-CHAIRMAN
 1.00 X   X       0 0 0
(11) CARLA HERWITZ
SECRETARY
 1.00 X   X       0 0 0
(12) TIMOTHY INGRAHAM
VICE PRESIDENT
 1.00 X   X       0 0 0
(13) SUSAN LEAVITT
TRUSTEE
 1.00 X           0 0 0
(14) SCOTT OFFEN
TRUSTEE
 1.00 X           0 0 0
(15) JOHN PARKER
TRUSTEE
 1.00 X           0 0 0
(16) STUART PRATT
VICE PRESIDENT
 1.00 X   X       0 0 0
(17) GEORGE PUTNAM
TRUSTEE
 1.00 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) JEFFREY RAYPORT
TRUSTEE
 1.00 X           0 0 0
(19) C FRANKLIN SAYRE
TRUSTEE
 1.00 X           0 0 0
(20) ROBERT SHAPIRO
PRESIDENT
 1.00 X   X       0 0 0
(21) NANCY TIEKEN
TRUSTEE
 1.00 X           0 0 0
(22) ROSE-MARIE VAN OTTERLOO
VICE PRESIDENT
 1.00 X   X       0 0 0
(23) GAIL VON METZSCH
TRUSTEE
 1.00 X           0 0 0
(24) DAN MONROE
EXECUTIVE DIRECTOR
 40.00     X       520,957 0 48,270
(25) ANNE MUNSCH
CFO
 40.00     X       184,171 0 8,373
(26) JOSHUA BASSECHES
DEPUTY DIRECTOR
 40.00       X     322,620 0 41,663
(27) LYNDA ROSCOE HARTIGAN
CHIEF CURATOR
 40.00       X     204,563 0 44,552
(28) CHRISTOPHER REASKE
CHIEF PHILANTHROPY OFF.
 40.00         X   359,473 0 17,764
(29) HOWARD J FINNEY
CHIEF MARKETING OFFICER
 40.00         X   195,471 0 39,315
(30) ANNE BUTTERFIELD
DIR. INSTITUTIONAL GIVING
 40.00         X   138,202 0 15,969
(31) ROBERT MONK
DIR. OF FACILITIES & SEC.
 40.00         X   130,116 0 28,774
(32) SUSAN LAWRENCE
ASSOC. CHIEF PHILANTHROPY
 40.00         X   121,494 0 31,644
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 2,177,067 0 276,324
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet12
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ROUX ASSOCIATES INC
209 SHAFTER STREET
ISLANDIA,NY11749 		ENVIRONMENTAL SERVICES 368,216
MUSEUM DESIGN ASSOCIATES
24 THORNDIKE STREET
CAMBRIDGE,MA02141 		EXHIBITION DESIGN 223,316
STUDIO BLUE
800 WEST HURON STREET
CHICAGO,IL60622 		PUBLICATION DESIGN 129,592
CHEDD ANGIER LEWIS
70 COOLIDGE HILL ROAD
WATERTOWN,MA02472 		EXHIBITION MEDIA 118,000
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet4
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b 706,764
c Fundraising events....1c 194,157
d Related organizations...1d  
e Government grants (contributions)1e 2,546,817
f All other contributions, gifts, grants, and
similar amounts not included above1f 		83,934,036
g Noncash contributions included in lines 1a-1f:$ 887,052
h Total. Add lines 1a-1f.......MediumBullet 87,381,774
Program Service Revenue Business Code
2a ADMISSIONS 900,099 1,338,574 1,338,574    
b TRAVELING EXHIBITIONS 900,099 1,027,668 1,027,668    
c FUNCTIONS 900,099 332,600 332,600    
d EDUCATION PROGRAM REV. 900,099 266,708 266,708    
e OTHER PROGRAM REVENUE 900,099 248,680 248,680    
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 3,214,230
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 2,606,534     2,606,534
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet 10,566     10,566
(i) Real (ii) Personal
6a Gross Rents 15,000  
b Less: rental expenses 13,200  
c Rental income or (loss) 1,800  
d Net rental income or (loss).......MediumBullet 1,800     1,800
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 45,114,346  
b Less: cost or other basis and sales expenses 46,585,201  
c Gain or (loss) -1,470,855  
d Net gain or (loss)..........MediumBullet -1,470,855     -1,470,855
8a Gross income from fundraising events (not including
$ 194,157
of contributions reported on line 1c). See Part IV, line 18 ...
a 115,395
b Less: direct expenses ...b 189,664
c Net income or (loss) from fundraising events..MediumBullet -74,269   -74,269
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a 1,652,321
b Less: cost of goods sold ..b 848,390
c Net income or (loss) from sales of inventory..MediumBullet 803,931 788,144 15,787  
Miscellaneous Revenue Business Code
11a INSURANCE CLAIM RECOVE 900,099 416,489 416,489    
b MISCELLANEOUS REVENUE 900,099 152,995 152,995    
c MISC INVESTMENT INCOME 900,099 137,811     137,811
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 707,295
12 Total revenue. See Instructions....MediumBullet 93,181,006 4,571,858 15,787 1,211,587
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21    
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22 5,000 5,000
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 1,341,505 539,695 505,276 296,534
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 7,022,494 4,877,828 783,222 1,361,444
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 602,844 390,473 92,870 119,501
9 Other employee benefits ....... 429,067 240,376 133,097 55,594
10 Payroll taxes ........... 623,217 403,670 96,008 123,539
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 1,336   1,336  
c Accounting ........... 92,000   92,000  
d Lobbying ...........        
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ......        
g Other .......... 995,810 558,016 360,141 77,653
12 Advertising and promotion .... 619,503 619,503    
13 Office expenses .......        
14 Information technology ......        
15 Royalties ..        
16 Occupancy ........... 4,505,349 3,472,327 929,720 103,302
17 Travel ............ 443,351 250,751 85,618 106,982
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings ....        
20 Interest ........... 1,607,934 1,595,486 12,448  
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 4,208,210 3,227,061 883,034 98,115
23 Insurance .............. 266,277   266,277  
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a EXHIBITIONS 2,768,242 2,768,242    
b PRINTING & PUBLICATIONS 882,858 783,816 50,365 48,677
c OTHER 538,016 265,975 254,782 17,259
d COLLECTION ACQUISITIONS 407,256 407,256    
e HOSPITALITY 347,952 146,420 70,713 130,819
f All other expenses 310,524 202,085 103,487 4,952
25 Total functional expenses. Add lines 1 through 24f 28,018,745 20,753,980 4,720,394 2,544,371
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 82,501 1 71,282
2 Savings and temporary cash investments ....... 1,494,733 2 1,628,298
3 Pledges and grants receivable, net ......... 10,113,122 3 43,199,051
4 Accounts receivable, net ......... 20,512 4 576,864
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 197,316 5 197,316
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use .............. 688,446 8 672,150
9 Prepaid expenses and deferred charges ............ 852,356 9 806,748
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 117,451,606
b Less: accumulated depreciation. ..... 10b 39,168,044 82,213,423 10c 78,283,562
11 Investments—publicly traded securities .......... 166,092,574 11 220,191,070
12 Investments—other securities. See Part IV, line 11 ...... 21,331,190 12 21,504,814
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 4,814,544 15 5,152,200
16 Total assets. Add lines 1 through 15 (must equal line 34)... 287,900,717 16 372,283,355
Liabilities 17 Accounts payable and accrued expenses . 1,682,074 17 1,621,094
18 Grants payable ..........   18  
19 Deferred revenue .......... 331,829 19 457,082
20 Tax-exempt bond liabilities .......... 32,210,000 20 31,285,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 2,936,000 25 3,389,952
26 Total liabilities. Add lines 17 through 25..... 37,159,903 26 36,753,128
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 88,922,295 27 86,917,566
28 Temporarily restricted net assets ..... 65,373,014 28 75,580,279
29 Permanently restricted net assets ..... 96,445,505 29 173,032,382
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 250,740,814 33 335,530,227
34 Total liabilities and net assets/fund balances ..... 287,900,717 34 372,283,355
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
93,181,006
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
28,018,745
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
65,162,261
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
250,740,814
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
19,627,152
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
335,530,227
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 44,237,196 46,833,475 17,633,022 24,532,780 87,381,774 220,618,247
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3.. 44,237,196 46,833,475 17,633,022 24,532,780 87,381,774 220,618,247
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..           155,856,244
6 Public Support. Subtract line 5 from line 4.           64,762,003
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4.. 44,237,196 46,833,475 17,633,022 24,532,780 87,381,774 220,618,247
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 3,502,342 4,295,191 6,533,664 3,516,750 2,769,911 20,617,858
9 Net income from unrelated business activities, whether or not the business is regularly carried on..         708 708
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).           241,236,813
12
12
19,655,920
13
Section C. Computation of Public Support Percentage
14
14
26.850 %
15
15
35.670 %
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
PEABODY ESSEX MUSEUM INC
  		Employer identification number

04-3157815
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
PEABODY ESSEX MUSEUM INC
  		Employer identification number

04-3157815
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
PEABODY ESSEX MUSEUM INC
  		Employer identification number

04-3157815
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 143,779,149 117,052,262 136,939,972
b Contributions ........ 42,258,108 12,225,902 13,652,230
c Investment earnings or losses ... 16,850,095 19,984,970 -29,026,170
d Grants or scholarships ..... 5,000 5,000 5,000
e Other expenditures for facilities
and programs ........ 		5,896,055 5,478,985 4,508,770
f Administrative expenses .... 0 0  
g End of year balance ...... 196,986,297 143,779,149 117,052,262
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet30.850 %
b
Permanent endowment: SchDMd Bullet66.900 %
c
Term endowment: SchDMd Bullet2.250 %
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   1,397,019 1,397,019
b Buildings ................   102,715,177 30,241,356 72,473,821
c Leasehold improvements ............        
d Equipment ................   11,713,570 8,502,227 3,211,343
e Other .................   1,625,840 424,461 1,201,379
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 78,283,562
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) WEATHERLOW 		10,629,030 F

(B) PERRY COMMITMENT INTERNATIONAL FUND, LP 		6,183,418 F

(C) REALTY ASSOCIATES FUND VII CORPORATION 		3,311,337 F

(D) SIGULER GUFF & CO. 		1,381,029 F





Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet 21,504,814
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  
INTEREST RATE SWAP, MARK TO MARKET 3,064,952
ENVIRONMENTAL REMEDIATION LIABILITY 325,000







Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 3,389,952
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 93,181,006
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 28,018,745
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 65,162,261
4 Net unrealized gains (losses) on investments .......................... 4 19,715,548
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8 -88,396
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 19,627,152
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 84,789,413
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 114,317,077
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 19,715,548
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d 1,420,523
e Add lines 2a through 2d ..................... 2e 21,136,071
3 Subtract line 2e from line 1..................... 3 93,181,006
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 93,181,006
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 29,527,664
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d 1,508,919
e Add lines 2a through 2d...................... 2e 1,508,919
3 Subtract line 2e from line 1..................... 3 28,018,745
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 28,018,745
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
  PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES.
  PART III, LINE 4: THE PEABODY ESSEX MUSEUM (THE MUSEUM) PRESENTS ART AND CULTURE FROM NEW ENGLAND AND AROUND THE WORLD. THE MUSEUM'S COLLECTIONS ARE AMONG THE FINEST OF THEIR KIND, SHOWCASING AN UNRIVALED SPECTRUM OF AMERICAN ART AND ARCHITECTURE (INCLUDING FOUR NATIONAL HISTORIC LANDMARK BUILDINGS) AND OUTSTANDING ASIAN, ASIAN EXPORT, NATIVE AMERICAN, AFRICAN, OCEANIC, MARITIME, CONTEMPORARY AND PHOTOGRAPHY COLLECTIONS. IN ADDITION TO ITS VAST COLLECTIONS, THE MUSEUM OFFERS A VIBRANT SCHEDULE OF CHANGING EXHIBITIONS AND A HANDS-ON EDUCATION CENTER. THE MUSEUM CAMPUS FEATURES PARKS, PERIOD GARDENS, AND 22 HISTORIC PROPERTIES, INCLUDING YIN YU TANG, A 200-YEAR-OLD HOUSE THAT IS THE ONLY COMPLETE EXAMPLE OF CHINESE DOMESTIC ARCHITECTURE ON DISPLAY IN THE UNITED STATES.
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE BOTH GENERAL AND SPECIFIC SUPPORT FOR MUSEUM OPERATIONS.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE MUSUEM ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE MUSEUM HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT POSITION AND HAS DETERMINED THAT SUCH POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE MUSEUM IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ITS FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE THREE YEARS AFTER THE DATE OF FILING OF THE RELATED RETURN.
PART XI, LINE 8 - OTHER ADJUSTMENTS:   CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 369,269. CHANGE IN VALUE OF INTEREST RATE SWAP -457,665.
PART XII, LINE 2D - OTHER ADJUSTMENTS:   COST OF GOODS SOLD 848,390. BUILDING RENTAL EXPENSES 13,200. SPECIAL EVENT EXPENSES 189,664. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 369,269.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:   COST OF GOODS SOLD 848,390. BUILDING RENTAL EXPENSES 13,200. SPECIAL EVENT EXPENSES 189,664. CHANGE IN VALUE OF INTEREST RATE SWAP 457,665.
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE F
(Form 990)

Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.
Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside the
United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
CENTRAL AMERICA AND THE CARIBBEAN     INVESTMENTS   23,380,479
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .....   0 23,380,479
b Total from continuation sheets to Part I ...   0 0
c Totals (add lines 3a and 3b)   0 23,380,479
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
 
3
Enter total number of other organizations or entities ........................MediumBullet
 
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 5
Part V
Supplemental Information
Complete this part to provide the information (see instructions) required in Part I, line 2, and any additional information.
Identifier ReturnReference Explanation
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2010
Additional Data


Software ID:  
Software Version:  



SCHEDULE G
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,
or if the organization entered more than $15,000 on Form 990-EZ, line 6a.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

ANNUAL GALA
(event type) 		(b) Event #2

ANTIQUE SHOW
(event type) 		(c) Other Events

  
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 141,779 167,773   309,552
2 Less: Charitable
contributions . . . 		109,654 84,503   194,157
3 Gross income (line 1
minus line 2) . . . 		32,125 83,270   115,395
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .        
6 Rent/facility costs . .        
7 Food and beverages . . 56,111 20,611   76,722
8 Entertainment . . . 8,600 600   9,200
9 Other direct expenses . 40,719 63,023   103,742
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 189,664
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -74,269
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ...........................
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2010
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number
04-3157815
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance






















2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
 
3
Enter total number of other organizations ................................ . Bullet Image
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) LIBRARY RESEARCH FELLOWSHIP 1 5,000      













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE MUSEUM AWARDS ONE LIBRARY FELLOWSHIP ANNUALLY, FUNDED BY A SPECIFIC ENDOWMENT. THE FELLOWSHIP IS DOCUMENTED BY THE SELECTION AND AWARDS NOTIFICATION PROCESS. THE FELLOWSHIP IS CONDUCTED AT THE LIBRARY WITH ASSISTANCE FROM LIBRARY STAFF, AND PAYMENT OF THE FELLOWSHIP IS CODED TO THE FUND.
Schedule I (Form 990) 2010


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) DAN MONROE (i)
(ii)		 504,589
0 		0
0 		16,368
0 		33,075
0 		15,195
0 		569,227
0 		0
0
(2) ANNE MUNSCH (i)
(ii)		 184,171
0 		0
0 		0
0 		0
0 		8,373
0 		192,544
0 		0
0
(3) JOSHUA BASSECHES (i)
(ii)		 322,620
0 		0
0 		0
0 		14,700
0 		26,963
0 		364,283
0 		0
0
(4) LYNDA ROSCOE HARTIGAN (i)
(ii)		 204,563
0 		0
0 		0
0 		22,344
0 		22,208
0 		249,115
0 		0
0
(5) CHRISTOPHER REASKE (i)
(ii)		 359,473
0 		0
0 		0
0 		14,700
0 		3,064
0 		377,237
0 		0
0
(6) HOWARD J FINNEY (i)
(ii)		 195,471
0 		0
0 		0
0 		12,443
0 		26,872
0 		234,786
0 		0
0
(7) ANNE BUTTERFIELD (i)
(ii)		 138,202
0 		0
0 		0
0 		8,475
0 		7,494
0 		154,171
0 		0
0
(8) ROBERT MONK (i)
(ii)		 130,116
0 		0
0 		0
0 		14,230
0 		14,544
0 		158,890
0 		0
0
(9) SUSAN LAWRENCE (i)
(ii)		 121,494
0 		0
0 		0
0 		17,132
0 		14,512
0 		153,138
0 		0
0







Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
  PART I, LINE 1A EXECUTIVE DIRECTOR TRAVEL PLANS FOR EACH YEAR ARE REVIEWED AND APPROVED BY THE PRESIDENT OF THE BOARD OF DIRECTORS BEFORE ANY TRAVEL IS UNDERTAKEN. THESE AMOUNTS CAN AND OFTEN DO INCLUDE SPOUSAL TRAVEL FOR THE EXECUTIVE DIRECTOR'S WIFE. ALL AMOUNTS FOR SPOUSAL TRAVEL ARE REFLECTED AS TAXABLE COMPENSATION TO THE EXECUTIVE DIRECTOR. A TAX GROSS-UP PAYMENT (ALSO INCLUDED IN TAXABLE COMPENSATION) IS MADE IN THE SUBSEQUENT YEAR.
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
(1) DAN MONROE
MORTGAGE LOAN 		  X 200,000 197,316   No Yes   Yes  
Total ...............Small Bullet $ 197,316
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2010
Schedule L (Form 990 or 990-EZ) 2010
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
contribution amounts
1 Art—Works of art .... X 35 0 COLL. OBJ. NOT VALUED
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 0 COLL. OBJ. NOT VALUED
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 43 887,052 AVG. HIGH/LOW ON VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
4
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell non-cash
contributions? ............................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2010
Schedule M (Form 990) 2010
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33. Also complete this part for any additional information.
Identifier Return Reference Explanation
METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS.
THIRD PARTY USE: PART I, LINE 32B: FIDUCIARY TRUST COMPANY, 175 FEDERAL STREET, BOSTON, MA 02110 IS USED TO SELL CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES.
Schedule M (Form 990) 2010
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
PEABODY ESSEX MUSEUM INC
 
Employer identification number

04-3157815
Identifier Return Reference Explanation
PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4A EXHIBITIONS AND PUBLICATIONS: DUE IN LARGE PART TO ITS MANY POPULAR EXHIBITIONS, THE MUSEUM CONCLUDED ANOTHER SUCCESSFUL YEAR, PRESENTING EXCELLENT AND DYNAMIC EXAMPLES OF ART AND CULTURE TO OVER 238,000 VISITORS IN 2010, WHICH REPRESENTS AN INCREASE OF 31.5% OVER THE PRIOR YEAR. APPROXIMATELY ONE-QUARTER OF GENERAL ADMISSION VISITORS ALSO VISITED YIN YU TANG, THE ONLY COMPLETE QING DYNASTY HOUSE OUTSIDE OF CHINA AND A MODEL IN INTERNATIONAL HISTORIC PRESERVATION. THE MUSEUM'S 2010 EXHIBITION CALENDAR INCLUDED MANY STYLES AND SOURCES OF ART AND CULTURE. THE MUSEUM OPENED EIGHT NEW SPECIAL EXHIBITIONS IN 2010 AND CONTINUED FOUR SHOWS THAT OPENED IN 2009, INCLUDING: - REVISIONS: INDIAN ARTISTS ENGAGING TRADITIONS (APRIL 2, 2009 THROUGH APRIL 2010): THIS EXHIBITION WAS PRESENTED IN COLLABORATION WITH HARVARD UNIVERSITY'S SACKLER MUSEUM. THROUGH THE JUXTAPOSITION OF MORE THAN 36 TRADITIONAL AND MODERN INDIAN ARTWORKS, THIS EXHIBITION EXAMINED THE MANNER IN WHICH POST-INDEPENDENCE ARTISTS NEGOTIATE THE CONTEMPORARY ART WORLD'S VERNACULAR WHILE MAINTAINING STRONG TIES WITH THEIR AESTHETIC TRADITIONS. REVISIONS PROMINENTLY FEATURED WORKS FROM THE PEABODY ESSEX MUSEUM'S CHESTER AND DAVIDA HERWITZ COLLECTION, ONE OF THE LARGEST CONTEMPORARY INDIAN ART COLLECTIONS OUTSIDE OF INDIA. - TRASH MENAGERIE (JUNE 20, 2009 THROUGH JUNE 1, 2010): THIS EXHIBITION, DISPLAYED IN THE MUSEUM'S ART AND NATURE CENTER, PRESENTED VISITORS WITH ENDLESS POSSIBILITIES FOR CREATIVITY AND INGENUITY THROUGH A MENAGERIE OF ANIMALS CREATED FROM COMMON HOUSEHOLD TRASH. CONTEMPORARY ARTISTS EXPLORED WHIMSY AND HUMOR AS WELL AS THE MORE SERIOUS TOPIC OF OUR SOCIETY'S CURRENT PRACTICES OF CONSUMERISM AND WASTE. THROUGH ENGAGING AND ACCESSIBLE WORKS INTERWOVEN WITH EXPERIENTIAL AND INTERACTIVE OPPORTUNITIES, VISITORS OF ALL AGES WERE INSPIRED TO TRY MAKING THEIR OWN ART FROM HOUSEHOLD MATERIALS AND COMPELLED TO RE-EVALUATE THE IMPACTS OF UNCHECKED WASTE ON OUR CURRENT AND FUTURE ENVIRONMENT. - RARE BIRD OF FASHION: THE IRREVERENT IRIS APFEL (OCTOBER 17, 2009 THROUGH FEBRUARY 7, 2010): THIS EXHIBITION PRESENTED MORE THAN 80 DRAMATIC ENSEMBLES FROM THE COLLECTION OF LEGENDARY TASTEMAKER AND STYLE ICON IRIS APFEL. KNOWN FOR HER ECLECTIC MIXING OF HAUTE COUTURE WITH COSTUME JEWELRY AND EXOTIC BAUBLES, APFEL HAS INSPIRED BOLD DEVELOPMENTS IN THE FASHION INDUSTRY THROUGH HER SPIRITED IRREVERENCE AND PITCH-PERFECT TASTE. APFEL CONTINUES TO CHALLENGE VISUAL CULTURE WITH RADICAL JUXTAPOSITIONS OF DISPARATE INFLUENCES. THESE SPECTACULAR AND UNEXPECTED WARDROBE COMBINATIONS WERE EXHIBITED WITH INVENTIVE STAGING AND PLAYFUL DISPLAYS THAT UNDERSCORED APFEL'S INEXHAUSTIBLE CREATIVE SPIRIT. - VALERIE BELIN: MADE UP (NOVEMBER 14, 2009 THROUGH FEBRUARY 14, 2010): THE PEABODY ESSEX MUSEUM PRESENTED THE FIRST SOLO EXHIBITION IN THE UNITED STATES OF THE WORK OF INTERNATIONALLY ACCLAIMED FRENCH PHOTOGRAPHER, VALERIE BELIN. FEATURING 20 LARGE-FORMAT PHOTOGRAPHS, THIS EXHIBITION EXPLORED PERCEPTIONS OF BEAUTY AND IDENTITY THROUGH IMAGES WHICH BLUR THE LINE BETWEEN FASHION MODELS AND MANNEQUINS. EACH IMAGE INVITED REFLECTION ON CONVENTIONS OF GENDER, FASHION, AND COMMERCE. - FACES OF DEVOTION, INDIAN SCULPTURE FROM THE FIGIEL COLLECTION (APRIL 10, 2010 THROUGH 2012): THIS EXHIBITION CELEBRATES PEM'S ACQUISITION OF DR. LEO FIGIEL'S COLLECTION OF VERNACULAR INDIAN RELIGIOUS SCULPTURE FROM DIVERSE TRADITIONS ACROSS INDIA - THE COLLECTION IS RECOGNIZED AS THE FINEST OF ITS KIND IN EXISTENCE. WORKS RANGE OVER THE PAST MILLENNIUM, WITH MOST DATING FROM THE 16TH TO 19TH CENTURIES. MANY OF THESE BRONZES WERE MADE FOR HINDU RITUAL PRACTICE IN THE REGION THAT IS NOW THE STATES OF MAHARASHTRA AND KARNATAKA. - FIERY POOL: THE MAYA AND THE MYTHIC SEA (MARCH 27, 2010 THROUGH JULY 18, 2010): THE RELATIONSHIP BETWEEN THE MAYA AND THE SEA WAS THE FOCUS OF THIS INTERNATIONAL LOAN EXHIBITION ORGANIZED AND CURATED BY THE PEABODY ESSEX MUSEUM. THIS WAS THE FIRST MAJOR EXHIBITION TO EXPLORE THE INFLUENCE OF THE SEA ON ANCIENT MAYA PEOPLE IN TERMS OF THEIR COSMOLOGY, ICONOGRAPHY AND ECONOMY. THE EXHIBITION INCLUDED APPROXIMATELY 90 WORKS THAT ATTEST TO THE PRIMACY OF THE SEA IN MAYA COGNITION AND DAILY LIFE. MANY OF THE OBJECTS HAD NEVER BEEN PUBLISHED OR PLACED ON PUBLIC VIEW, WHILE OTHERS HAD NOT BEEN RECOGNIZED FOR THE ESSENTIAL ROLE OF THE SEA THAT WAS INTEGRAL TO THEIR CONCEPTION, CREATION, TRANSPORT OR USE. AFTER BEING PRESENTED AT PEM, THIS EXHIBITION TRAVELLED TO TWO OTHER MAJOR AMERICAN ART MUSEUMS: THE KIMBALL ART MUSEUM IN FT. WORTH, AND THE ST. LOUIS ART MUSEUM. THIS EXHIBITION WAS ACCOMPANIED BY A MAJOR SCHOLARLY CATALOG WHICH PEM CO-PUBLISHED WITH YALE UNIVERSITY PRESS. - PAINTING THE MODERN IN INDIA (APRIL 10, 2010 THROUGH JANUARY 1, 2012): SEVEN RENOWNED PAINTERS WHO CAME OF AGE DURING THE HEIGHT OF THE MOVEMENT TO FREE INDIA FROM BRITISH RULE PIONEERED NEW APPROACHES TO PAINTING, REPOSITIONING THEIR PRACTICES INTERNATIONALLY AND IN RELATION TO INDIA'S 5,000-YEAR HISTORY OF ART. THIS EXHIBITION FEATURED WORKS DRAWN FROM PEM'S HERWITZ COLLECTION, AMERICA'S MOST IMPORTANT HOLDING OF 20TH CENTURY INDIAN ART AND THE THE TINA AND ANIL AMBANI COLLECTION, ONE OF INDIA'S LEADING PRIVATE COLLECTIONS. - THE KENNEDYS|PORTRAIT OF A FAMILY: PHOTOGRAPHS BY RICHARD AVEDON (APRIL 17, 2010 THROUGH JULY 18, 2010): THIS EXHIBITION FEATURED RECENTLY REDISCOVERED VINTAGE PHOTOGRAPHS BY RENOWNED PORTRAIT AND FASHION PHOTOGRAPHER RICHARD AVEDON, INCLUDING PHOTOGRAPHS MADE IN JANUARY, 1961 WHEN JOHN F. KENNEDY WAS PRESIDENT ELECT. THE EXHIBITION EXPLORED PHOTOGRAPHIC PRACTICE - THE DECISIONS AVEDON MADE IN PRODUCING HIS PHOTOGRAPHS AND THE WAYS IN WHICH THESE CONTRIBUTED TO THE KENNEDY MYSTIQUE. THE SHOW CONTAINED BOTH INDIVIDUAL PHOTOGRAPHS AND ENLARGED CONTACT SHEETS (PRINTED AND SIGNED BY AVEDON) OF THE ARTIST'S UNEDITED NEGATIVES. THESE ILLUSTRATED AVEDON'S SELECTION, CROPPING, AND RETOUCHING PROCESSES, AND REVEALED SOME OF HIS THINKING ABOUT HOW BEST TO PORTRAY THE FAMILY TO THE PUBLIC. THE EXHIBITION WAS OFFERED AS THE FIRST AND ONLY SHOWING OF THE MATERIAL IN THE BOSTON AREA. THE PHOTOGRAPHS CAME FROM A COLLECTION OF SEVERAL HUNDRED VINTAGE AVEDONS IN THE COLLECTION OF THE SMITHSONIAN NATIONAL MUSEUM OF AMERICAN HISTORY. - EYE SPY: PLAYING WITH PERCEPTION (JUNE 19, 2010 THROUGH APRIL 2011): EYE SPY PRESENTED 11 LEADING REGIONAL AND NATIONAL ARTISTS WHO FOCUS ON DIFFERENT ASPECTS OF PERCEPTION IN THEIR ART, INCLUDING VIEWS OF NATURE. THIS EXHIBITION EXPLORED HOW EACH OF THE ARTISTS USES FUNDAMENTALS OF PERCEPTION (E.G., LIGHT, FORM, COLOR, AND LINE) TO CREATE THEIR INNOVATIVE WORKS. VISITORS WERE ABLE TO EXPERIENCE WAYS IN WHICH PERCEPTION AND ILLUSION INFLUENCE THE WAY WE INTERPRET OUR WORLD THROUGH BOTH ARTWORKS AND RELATED INTERACTIVE ACTIVITIES. - IMPRINTS: PHOTOGRAPHS BY MARK RUWEDEL (JUNE 5, 2010 THROUGH JANUARY 2011): THIS EXHIBITION BROUGHT TOGETHER SPECTACULAR COLOR AND BLACK-AND-WHITE PHOTOGRAPHS OF DINOSAUR TRACKS AND ANCIENT HUMAN FOOTPATHS BY MARK RUWEDEL, ONE OF THE COUNTRY'S PRE-EMINENT CONTEMPORARY LANDSCAPE PHOTOGRAPHERS. COLLECTIVELY, THESE PICTURES RECORD CHANGES IN THE LAND OVER MILLENNIA, AND THE STRANGE AND WONDERFUL LOCATIONS IN WHICH PREHISTORIC EVIDENCE IS NOW FOUND. IN RUWEDEL'S PHOTOGRAPHS, FOOTPRINTS APPEAR AND DISAPPEAR INEXPLICABLY, DESCENDING INTO GORGES, CROSSING RIVERS, AND CIRCLING MOUNTAINS - MYSTERIOUS MEMENTOS OF PEOPLES AND ANIMALS FROM LONG AGO. RUWEDEL USES THE CAMERA TO DOCUMENT TRAVELS THROUGH THE LANDSCAPE - HIS OWN AS WELL AS THOSE OF THE FOOTPRINTS HE FINDS. HIS PHOTOGRAPHS ARE BEAUTIFUL BUT ALSO POIGNANT, RAISING QUESTIONS ABOUT THE PASSAGE OF TIME, THE EPHEMERAL NATURE OF EXISTENCE, AND THE NATURE OF PHOTOGRAPHIC REPRESENTATION. RUWEDEL'S PICTURES OF DINOSAUR TRACKS HAD NEVER BEEN SHOWN BEFORE, JUST AS THE ANCIENT HUMAN FOOTPATHS THEMSELVES ARE SELDOM SEEN.
    - THE EMPEROR'S PRIVATE PARADISE: TREASURES FROM THE FORBIDDEN CITY (SEPTEMBER 11, 2010 THROUGH JANUARY 9, 2011): DURING HIS REIGN FROM 1736 TO 1796, CHINA'S QIANLONG EMPEROR WAS ONE OF THE RICHEST, MOST POWERFUL LEADERS IN THE WORLD AND ALSO A VISIONARY PATRON OF THE ARTS. THE ELEGANT, INTIMATE PALACE GARDEN COMPLEX THAT HE BUILT WITHIN THE FORBIDDEN CITY FOR HIS RETIREMENT, AS WELL AS THE MANY ARTWORKS HE COMMISSIONED FOR THE COMPLEX, WERE SEQUESTERED FROM PUBLIC VIEW SINCE THE LATE 1700S AND ARE NOW UNDERGOING EXTENSIVE CONSERVATION. THE CULMINATION OF COLLABORATION AMONG PEM, THE PALACE MUSEUM, BEIJING, AND WORLD MONUMENTS FUND, THIS THEMATIC EXHIBITION PRESENTED 90 NEVER-BEFORE-SEEN MURALS, PAINTINGS, WALL COVERINGS, JADES, FURNITURE, AND ARCHITECTURAL ELEMENTS FROM THE QIANLONG GARDEN AND THE PALACE MUSEUM. THE CHOICE SELECTION OF OBJECTS EXPRESSES THE EMPEROR'S DESIRE TO INTEGRATE ART, NATURE, AND ARCHITECTURE AS WELL AS ANCIENT CULTURAL VALUES AND NEW PERSPECTIVES IN AN EXQUISITELY CRAFTED PALACE GARDEN COMPLEX THAT HAS BEEN DESCRIBED AS A MINI FORBIDDEN CITY AND A GEM AMONG EXISTING IMPERIAL CHINESE GARDENS. AFTER THE COMPLETION OF ITS RUN AT PEM, THIS EXHIBITION WILL TRAVEL TO TWO OTHER MAJOR AMERICAN ART MUSEUMS: THE METROPOLITAN MUSEUM OF ART, AND MILWAUKEE ART MUSEUM. PEM ALSO PARTNERED WITH YALE UNIVERSITY PRESS TO CO-PUBLISH A MAJOR EXHIBITION CATALOG IN CONJUNCTION WITH THIS EXHIBITION. - FREEPORT NO. 1: CHARLES SANDISON "FIGUREHEAD" (OCTOBER 1, 2010 THROUGH APRIL 24, 2011): FOR FREEPORT, PEM'S GROUNDBREAKING PROGRAM OF CONTEMPORARY ART, SEVERAL ARTISTS WILL ANNUALLY CREATE WORKS IN DIALOGUE WITH THE MUSEUM, ITS COLLECTION AND ITS HISTORICAL ARCHITECTURE. THE FIRST PROJECT WAS A MAJOR COMMISSION BY CHARLES SANDISON. RENOWNED FOR HIS ANIMATED DIGITAL TEXT PROJECTIONS IN DRAMATIC ARCHITECTURAL SETTINGS SUCH AS THE GRAND PALAIS IN PARIS, SANDISON CREATED "FIGUREHEAD," AN INSTALLATION FOR THE EAST INDIA MARINE HALL, THE MUSEUM'S ORIGINAL BUILDING AND HOME TO SOME OF THE EARLIEST WORKS IN THE COLLECTION. VISITORS WERE IMMERSED IN THE ANIMATED WORDS OF THE SEA CAPTAINS AND MERCHANTS RECORDED IN PEM'S EXTRAORDINARY COLLECTION OF SHIPS' LOGS AND JOURNALS THAT MAKE VISIBLE THE TRADE ROUTES, POLITICS, COMPETITION, AND EMOTIONS THAT LED TO THE MUSEUM'S FOUNDING AND PEM'S GLOBAL COLLECTION.
PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: CURATORIAL AND COLLECTIONS: THE CURATORIAL STAFF IS RESPONSIBLE FOR CONCEIVING AND ORGANIZING EXHIBITIONS FOR THE MUSEUM AND ALSO FOR TRAVEL TO OTHER VENUES, AS WELL AS CULTIVATING SUPPORT FOR THE MUSEUM'S PROGRAMMATIC INITIATIVES AND COLLECTION. CURATORS ACQUIRE, PRESERVE, RESEARCH, AND INTERPRET THE MUSEUM'S COLLECTION. THE CURATORIAL STAFF ALSO PREPARES AND PUBLISHES SCHOLARLY CATALOGUES AND EDUCATIONAL TEXTS RELATED TO THE EXHIBITIONS AND THE COLLECTION AT LARGE. THE MUSEUM MAINTAINS AND EXHIBITS MANY UNIQUE AND WIDELY RESPECTED COLLECTIONS: - THE AFRICAN COLLECTION INCLUDES EARLY AND SIGNIFICANT WORKS FROM COASTAL EAST AND WEST AFRICA AND AN IMPORTANT BODY OF ZULU ARTWORK. THE MUSEUM ALSO HOUSES ONE OF THE WORLD'S FINEST COLLECTIONS OF ETHIOPIAN CHRISTIAN ART, CONSISTING OF SIXTEENTH-TO TWENTIETH-CENTURY ICONS AND METALWORK. - THE AMERICAN DECORATIVE ART, FOLK ART, AND COSTUME COLLECTION REPRESENTS MORE THAN 300 YEARS OF NEW ENGLAND ART AND CULTURE. IT FEATURES EXCEPTIONAL EXAMPLES OF REGIONAL FURNITURE, PORTRAITS, AND NEEDLEWORK. ADDITIONALLY, THE MUSEUM'S COSTUME COLLECTION RANKS AMONG THE TOP TEN IN THE NATION. - THE ASIAN EXPORT ART COLLECTION IS THE WORLD'S MOST COMPREHENSIVE COLLECTION OF DECORATIVE ART MADE IN ASIA FOR EXPORT TO WESTERN NATIONS AND REFLECTS THE COMPLEX AND FASCINATING INTERACTION BETWEEN THE ARTISTIC AND CULTURAL TRADITIONS OF EAST AND WEST. IT ENCOMPASSES PAINTINGS, FURNITURE, SILVER, PORCELAINS, WORKS ON PAPER, AND A WIDE RANGE OF OBJECTS CREATED BETWEEN THE FIFTEENTH AND TWENTIETH CENTURIES. - BORN DURING THE HEIGHT OF THE CHINA TRADE IN SALEM, THE CHINESE COLLECTION IS UNIQUE FOR ITS STRENGTH IN VERNACULAR ART THAT EXPLORES THE RICH TRADITIONS OF CHINESE CULTURE. IT FEATURES IMPORTANT QING DYNASTY WORKS, INCLUDING CERAMICS, TEXTILES, AND DECORATIVE ARTS. - THE MUSEUM'S INDIAN COLLECTION ENCOMPASSES BOTH CONTEMPORARY AND HISTORIC WORK. THE HERWITZ GALLERY, NAMED IN HONOR OF PIONEERING COLLECTORS CHESTER AND DAVIDA HERWITZ, IS THE FIRST AMERICAN MUSEUM GALLERY DEDICATED TO THE MODERN AND CONTEMPORARY ART OF INDIA, EXHIBITING PIECES BY ARTISTS WHO EXPRESS THE DYNAMIC PUBLIC AND PRIVATE CHARACTER OF CONTEMPORARY INDIA AND THE WORLD. BEGUN WITH MARINERS' DONATIONS FROM INDIA IN THE EARLY YEARS OF THE MUSEUM'S OPERATION, THE OLDER PORTION OF THE INDIAN COLLECTION INCLUDES IMPORTANT SCULPTURE, TEXTILES, CERAMICS, AND METALWORK. ADDITIONALLY, THE GEOGRAPHICALLY-RELATED HIMALAYAN COLLECTION CONTAINS THE NATION'S FOREMOST COLLECTION OF NINETEENTH AND TWENTIETH CENTURY BHUTANESE TEXTILE ARTS AS WELL AS IMPORTANT TIBETAN AND NEPALESE WORKS. - CONTRIBUTIONS FROM MANY OF AMERICA'S MOST IMPORTANT NINETEENTH AND TWENTIETH CENTURY COLLECTORS OF JAPANESE ART HAVE COMBINED TO CREATE A MAJOR COLLECTION OF THE ART AND CULTURE OF JAPAN. THE COLLECTION WAS BEGUN IN 1799 AND CONTAINS MANY WORKS CONSIDERED RARE EVEN IN JAPAN, WITH THE LATE EDO- AND MEIJI-PERIOD EXAMPLES RANKING AMONG THE FINEST IN THE WORLD. - FOUNDED IN THE 1880S, THE KOREAN COLLECTION PIONEERED AMERICAN INTEREST IN KOREAN ART AND CULTURE. TODAY, IT CONTAINS A BROAD SPECTRUM OF ART OF THE LATE JOSEON DYNASTY. THE COLLECTION IS DEEMED BY KOREAN SCHOLARS TO BE THE BEST OF ITS KIND IN THE UNITED STATES AND IS THE ONLY FOREIGN COLLECTION TO BE EXHIBITED AT THE NATIONAL MUSEUM IN SEOUL. - THE MARITIME COLLECTION, BEGUN IN 1803, IS THE FINEST IN AMERICA. IT IS INTERNATIONALLY RENOWNED FOR ITS HOLDINGS OF APPROXIMATELY 30,000 PAINTINGS, DRAWINGS, AND PRINTS, AS WELL AS ITS 20,000 MARITIME OBJECTS (SHIP MODELS, TOOLS, SHIP PLANS, ETC.) DATING FROM THE SEVENTEENTH THROUGH THE EARLY TWENTIETH CENTURIES. - THE NATIVE AMERICAN ART COLLECTION INCLUDES 20,000 WORKS DATING FROM THE SEVENTEEN CENTURY TO THE PRESENT, AS WELL AS 50,000 ARCHEOLOGICAL WORKS DATING BACK 10,000 YEARS. IN ADDITION, THE DEPARTMENT ACTIVELY WORKS WITH CONTEMPORARY ARTISTS THROUGHOUT THE AMERICAS. - THE OCEANIC COLLECTION IS INTERNATIONALLY RECOGNIZED FOR THE EARLY ORIGINS AND PROVENANCE OF ITS OBJECTS AS WELL AS ITS SIZE AND BREADTH AND REPRESENTS SOME OF THE FIRST PIECES DONATED TO THE MUSEUM IN 1799. IT INCLUDES MORE THAN 20,000 OBJECTS FROM MORE THAN THIRTY-SIX ISLAND GROUPS IN POLYNESIA, MELANESIA, AND MICRONESIA. - THE PHOTOGRAPHY COLLECTION COMPRISES MORE THAN 800,000 RARE AND VINTAGE IMAGES REPRESENTING NEARLY EVERY KIND OF PHOTOGRAPHIC FORMAT AND PROCESS. THE COLLECTION INCLUDES THE WORLD'S FINEST GROUP OF NINETEENTH-CENTURY PHOTOGRAPHS OF ASIA, THOUSANDS OF MARITIME IMAGES, EARLY AMERICA PHOTOGRAPHIC PORTRAITS, AS WELL AS ARCHITECTURAL AND LANDSCAPE IMAGES. - THE ARCHITECTURE COLLECTION INCLUDES TWENTY-TWO HISTORIC AMERICAN STRUCTURES AND A MAJOR ARCHITECTURAL FRAGMENT COLLECTION. FOUR OF THE BUILDINGS ARE DESIGNATED NATIONAL HISTORIC LANDMARKS; SIX OTHERS ARE LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE MUSEUM HOLDS AMERICA'S FIRST COLLECTION OF HISTORIC BUILDINGS AND ONE OF ITS FINEST. - THE PHILLIPS LIBRARY, PART OF THE PEABODY ESSEX MUSEUM, IS ONE OF NEW ENGLAND'S MOST IMPORTANT AND HISTORIC RESEARCH LIBRARIES. IT IS A MAJOR RESOURCE FOR MONOGRAPHS AND MANUSCRIPTS RELATED TO ART AND CULTURE, WITH A PARTICULAR FOCUS ON MARITIME ART AND HISTORY, NEW ENGLAND ART AND HISTORY, AND DOCUMENTS RELATING TO THE MUSEUM'S DIVERSE COLLECTIONS. THE LIBRARY ALSO HOLDS THE NATION'S LARGEST COLLECTION OF SHIP LOGS AND JOURNALS AS WELL AS ORIGINAL COURT DOCUMENTS FROM THE 1692 SALEM WITCHCRAFT TRIALS.
PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE: EDUCATION: THE MUSEUM'S DEPARTMENT OF EDUCATION AND INTERPRETATION DEVELOPS AND IMPLEMENTS A WIDE ARRAY OF EDUCATIONAL PROGRAMS AND CONTRIBUTES TO INTERPRETIVE DEVELOPMENT OF EXHIBITIONS. IT ALSO PREPARES AND DISTRIBUTES PRINT AND ONLINE MATERIALS TO HELP VISITORS OF ALL AGES WITH DIVERSE BACKGROUNDS, KNOWLEDGE, INTERESTS, PREFERENCES AND NEEDS GAIN INSIGHT ABOUT THEMSELVES AND THE WORLD AROUND THEM THROUGH AN UNDERSTANDING OF INTERNATIONAL ART AND CULTURE. EACH YEAR, THE MUSEUM OFFERS HUNDREDS OF PROGRAMS TO ADVANCE ARTS LEARNING AND APPRECIATION AND TO STIMULATE CRITICAL THINKING, CROSS-CULTURAL DIALOGUE, INTELLECTUAL INQUIRY, CREATIVITY, AND CONNECTION-MAKING BETWEEN THE PAST AND PRESENT. THROUGH ITS PROGRAMMING, PEM STRIVES TO CREATE EXPERIENCES THAT TRANSFORM PEOPLE'S LIVES BY BROADENING THEIR PERSPECTIVES, ATTITUDES, AND KNOWLEDGE OF THEMSELVES AND THE WIDER WORLD. PROGRAMS EMPLOY AGE- AND AUDIENCE-APPROPRIATE PEDAGOGIES AND USE THE MUSEUM'S OUTSTANDING COLLECTIONS AND EXHIBITIONS TO ENGAGE VISITORS DIRECTLY WITH WORKS OF ART AND CULTURE. THE DEPARTMENT OF EDUCATION AND INTERPRETATION FOCUSES ON SEVERAL BROAD AUDIENCE AREAS: K-12 STUDENTS, TEACHERS, FAMILIES, AND ADULTS. INTERNSHIPS FOR HIGH SCHOOL AND COLLEGE AGE STUDENTS AS WELL AS THE AWARD-WINNING ART & NATURE CENTER FOR INTERACTIVE FAMILY LEARNING ARE ALSO MANAGED BY THIS DEPARTMENT. THE SINGLE VISIT SCHOOL PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS ENROLLED IN PUBLIC, INDEPENDENT, AND HOME SCHOOLS IN GRADES PRE K-12 AND BLENDS GUIDED DOCENT-LED GALLERY TOURS WITH ENGAGING ACTIVITIES THAT INSPIRE CLOSE LOOKING AND REFLECTION. USING ITS COLLECTIONS, THE MUSEUM CREATES CONNECTIONS BETWEEN CLASSROOM CONTENT AND STUDENTS' DAILY LIVES AND INTRODUCES IDEAS AND TECHNIQUES THAT ENCOURAGE STUDENTS TO THINK CREATIVELY AND ANALYTICALLY, INCLUDING FACILITATING STUDENT ART-MAKING. IN 2010, 23,332 STUDENTS FROM 461 SCHOOLS PARTICIPATED IN SINGLE VISIT SCHOOL PROGRAMS. FORMAL MUSEUM-SCHOOL PARTNERSHIPS ARE MANAGED THROUGH THE MULTIPLE VISIT PARTNERSHIP PROGRAM. THIS PARTNERSHIP, WHICH TARGETS TITLE I SCHOOLS AND TEACHERS IN THE NORTH SHORE REGION, PROVIDES MEANINGFUL SEQUENCED MUSEUM VISITS AND OBJECT-BASED LESSON PLANS THAT BUILD KNOWLEDGE IDENTIFIED AS CRITICAL IN THE ART, SOCIAL STUDIES, AND LANGUAGE ARTS CURRICULUM FRAMEWORKS. AS PART OF THIS PROGRAM, STUDENTS FROM PRIMARILY LOW RESOURCE SCHOOLS MAKE MULTIPLE (3-5) VISITS TO THE MUSEUM, RESULTING IN 4,631 TOTAL VISITS DURING 2010. AT THE END OF THE YEAR, APPROXIMATELY 200 TEACHERS, STUDENTS, AND FAMILY MEMBERS ATTEND A CULMINATING EVENT TO SHOWCASE AND CELEBRATE STUDENT ACHIEVEMENT AND INVOLVE THE ENTIRE SCHOOL COMMUNITY IN SUPPORTING STUDENT LEARNING. A SUMMATIVE EVALUATION OF THE PROGRAM, PERFORMED BY THE PROGRAM EVALUATION GROUP OF LESLEY UNIVERSITY, WAS COMPLETED DURING 2010. TO AID IN THE INTEGRATION OF THE ARTS IN CLASSROOM LESSONS, PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE K-12 EDUCATORS WITH AN IN-DEPTH ANALYSIS AND UNDERSTANDING OF THE MUSEUM'S COLLECTIONS AND EXHIBITIONS. THE PROGRAMS COVER NUMEROUS TOPICS AND SCHOOL DISCIPLINES AND ARE LINKED TO THE MASSACHUSETTS CURRICULUM FRAMEWORKS FOR VISUAL ARTS, ENGLISH LANGUAGE ARTS, AND HISTORY AND SOCIAL SCIENCE, WITH OVERALL ATTENDANCE TOTALING 195 EDUCATORS IN 2010. DURING THE 2010-2011 SCHOOL YEAR, THE MUSEUM CONTINUED TO PARTNER WITH SCHOOL DISTRICTS TO OFFER GRADE-LEVEL FOCUSED DISTRICT-WIDE TRAINING IN ARTS INTEGRATION STRATEGIES. IN TOTAL, EIGHT PROFESSIONAL DEVELOPMENT WORKSHOPS WERE HELD IN COORDINATION WITH LOCAL SCHOOL ADMINISTRATORS. THE MUSEUM ALSO PROVIDES SPECIAL LEARNING OPPORTUNITIES FOR HIGH SCHOOL AND COLLEGE AGED STUDENTS AS PART OF THE MUSEUM ACTION CORPS PROGRAM (MAC). UP TO 75 STUDENTS PER YEAR ARE OFFERED PAID INTERNSHIPS ACROSS DIFFERENT DEPARTMENTS OF THE MUSEUM, PROVIDING THEM WITH VALUABLE PROFESSIONAL WORK EXPERIENCE AND A CHANCE TO CONNECT WITH THE MUSEUMS COLLECTIONS. PARTICIPATING STUDENTS FROM DIVERSE BACKGROUNDS BUILD LEADERSHIP SKILLS AND CREATIVITY THROUGH BOTH GROUP AND INDIVIDUAL PROJECTS AND, UNDER THE MENTORSHIP OF MUSEUM STAFF SUPERVISORS, ARE INTRODUCED TO THE MANY ASPECTS OF MUSEUM EMPLOYMENT. PROGRAMS FOR FAMILIES AT THE MUSEUM ARE AIMED AT FOSTERING SHARED INTERGENERATIONAL EXPERIENCES AROUND ART BASED ON INQUIRY, DIALOGUE, AND CREATIVE ART-MAKING. THEY TAKE A VARIETY OF FORMS, FROM GALLERY-BASED FAMILY TOURS AND STORYTELLING FOR PRESCHOOLERS AND THEIR ADULT CAREGIVERS TO STUDIO ACTIVITIES AND WEEKEND FESTIVALS THAT COMBINE PERFORMANCE, STORYTELLING, MOVEMENT, FILM, AND ART-MAKING. SELF-GUIDED ACTIVITIES AND PRINT MATERIALS CREATE OPPORTUNITIES FOR SHARED FAMILY INVESTIGATION OF OBJECTS IN THE COLLECTION FROM A WIDE RANGE OF CULTURES. ALL PROGRAMS ARE FREE WITH MUSEUM ADMISSION, ELIMINATING ECONOMIC BARRIERS FOR UNDERSERVED FAMILIES. IN 2010, THE MUSEUM OFFERED 288 FAMILY PROGRAMS FOR A COMBINED TOTAL ATTENDANCE OF 28,044 FAMILY VISITORS. ONE MAJOR FAMILY PROGRAM HIGHLIGHT IS ATRIUM ALIVE, WEEKEND FESTIVALS WHICH OFFER DYNAMIC, INTERGENERATIONAL PROGRAMMING FOCUSED ON A PARTICULAR CULTURE OR THEME. TAKING PLACE UP TO EIGHT TIMES PER YEAR AND WITH A TOTAL ANNUAL ATTENDANCE OF 13,671 IN 2010, ATRIUM ALIVE INCORPORATES ARTIST DEMONSTRATIONS, DANCE AND MUSIC PERFORMANCES, GALLERY TALKS, FILMS, LECTURES, AND HANDS-ON ART ACTIVITIES. ATRIUM ALIVE IS DESIGNED TO ENGAGE ALL AUDIENCES AND LEARNING STYLES IN A MULTIFACETED EXPERIENCE OF ART AND CULTURE. DROP-IN ART ACTIVITIES, PROVIDING HANDS-ON ART PROJECTS DESIGNED TO ENGAGE ALL AGES, ARE ANOTHER POPULAR EXAMPLE OF FAMILY PROGRAMMING AND HAD A COMBINED ANNUAL ATTENDANCE OF 3,730 IN 2010. FAMILIES ARE ENCOURAGED TO WORK TOGETHER ON PROJECTS RELATED TO THE PERMANENT COLLECTIONS AND SPECIAL EXHIBITIONS AT THE MUSEUM. WHEN THIS PROGRAM IS HELD IN CONJUNCTION WITH ATRIUM ALIVE, VISITING ARTISTS OFTEN LEAD DROP-IN ACTIVITIES. WHETHER FACILITATED BY ARTISTS OR EDUCATION DEPARTMENT STAFF, DROP-IN ACTIVITIES FOSTER SELF-GUIDED DISCOVERY, ENABLING FAMILIES TO CHOOSE THE BALANCE THAT FITS THEIR SCHEDULE AND INTERESTS. THE MUSEUM'S ART & NATURE CENTER (ANC) IS A DYNAMIC, INTERACTIVE EXHIBITION SPACE SPECIFICALLY TARGETED AT MULTI-GENERATIONAL AUDIENCES AND EXPLORES THE INTERSECTION BETWEEN ART AND SCIENCE THROUGH THE WORK OF CONTEMPORARY ARTISTS. ACTIVITY STATIONS, MULTIMEDIA ELEMENTS, AND A RANGE OF PROGRAM OFFERINGS PROVIDE VISITORS WITH A VARIETY OF APPROACHES FOR INVESTIGATING THE ARTWORK AND THEMES PRESENTED. THE ANC EXHIBITION SPACE AIMS TO NURTURE INTERGENERATIONAL EXCHANGE AND CREATIVE EXPRESSION, AS WELL AS TO CONTEXTUALIZE ARTWORK BY PROVIDING SUPPORTING MATERIALS ALREADY FAMILIAR TO VISITORS. ALL TOGETHER 73,739 PEOPLE PARTICIPATED IN ANC EXHIBITION PROGRAMMING IN 2010. ADULT PROGRAMS ARE OFFERED TO GENERAL PUBLIC VISITORS THROUGHOUT THE YEAR IN ORDER TO ENGAGE THEM IN VISUAL AND INTELLECTUAL INQUIRY THAT SPARKS CURIOSITY, CREATIVITY, CROSS-CULTURAL UNDERSTANDING, AND CONTRIBUTES TO LIFE LONG LEARNING. PROGRAMS RANGE FROM GALLERY TOURS AND ARTIST DEMONSTRATIONS TO LECTURES, CONCERTS, FILM FESTIVALS, AND STUDIO WORKSHOPS RELATED TO THE ART AND CULTURES REPRESENTED IN THE MUSEUM'S COLLECTIONS OR EXHIBITIONS. IN TOTAL, 1,847 ADULT PROGRAMS WERE OFFERED IN 2010 FOR A COMBINED ATTENDANCE OF 24,493. ADULT PROGRAMS ARE DESIGNED TO REACH A VARIETY OF AUDIENCE SECTORS WITH VARYING INTEREST AND MOTIVATIONS. ONE SUCH ADULT-FOCUSED PROGRAM IS THE MUSEUM'S LECTURE SERIES, WHICH IS DESIGNED TO PRESENT MULTIPLE PERSPECTIVES ON AND STIMULATE NEW THINKING ABOUT THE MUSEUM'S COLLECTIONS AND CHANGING EXHIBITIONS THROUGH PRESENTATIONS BY SPECIALISTS IN CONTEMPORARY ART, ART HISTORY AND CULTURE, ART-NATURE THEMES, ARCHITECTURE, AND OTHER RELATED FIELDS. A TOTAL OF 2,253 VISITORS ATTENDED A VARIETY OF LECTURES IN 2010, SUCH AS: - A PRESENTATION BY GEORGE STUART, A RENOWNED MAYA EXPERT, IN WHICH HE REFLECTED UPON THE ROLE OF THE SEA IN THE MAYA WORLD. STUART WAS A MAJOR FIGURE AT NATIONAL GEOGRAPHIC MAGAZINE FOR NEARLY 40 YEARS. - A LECTURE ENTITLED "REMBRANDT'S MIND" BY ERNST VAN DER WETERING, ONE OF THE WORLD'S FOREMOST EXPERTS ON REMBRANDT AND CHAIRMAN OF THE REMBRANDT RESEARCH PROJECT IN AMSTERDAM. THIS PRESENTATION HIGHLIGHTED THE LEAPS OF INSPIRATION AND INSIGHT THAT PROPELLED A GREAT ARTIST TO NEW ACHIEVEMENTS.
    LASTLY, THE PUBLIC TOUR PROGRAM PROVIDES DOCENT-LED TOURS OF MUSEUM COLLECTIONS AND EXHIBITIONS, FACILITATING MEANINGFUL AND STIMULATING CONNECTIONS WITH ART, CULTURE, AND HISTORY. INFORMATION AND DIALOGUE ENRICH VISITORS' UNDERSTANDINGS OF MUSEUM OBJECTS AND THEIR LINKS TO THE WIDER WORLD. A TOTAL OF 10,044 VISITORS PARTICIPATED IN TOURS OF COLLECTION HIGHLIGHTS, SPECIAL EXHIBITIONS, OR HISTORIC HOUSES IN 2010. IN ADDITION, SPECIALIZED TOURS FOR RESIDENTS OF ASSISTED LIVING FACILITIES AND SENIOR CENTERS, AS WELL AS FOR THOSE AFFLICTED WITH ALZHEIMER'S DISEASE, PROVIDED RICH VISUAL EXPERIENCES THAT STIMULATE MEMORY, ASSOCIATION, AND SHARED PERSONAL STORIES FOR THIS IMPORTANT BUT OFTEN OVERLOOKED AUDIENCE.
FORM 990, PART VI, SECTION B, LINE 11   THE FINANCE AND AUDIT COMMITTEE CONDUCTS A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING. AFTER ANY NECESSARY REVISIONS ARE MADE, THE FINAL DRAFT IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENT.
  FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENTS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES. ANY CONFLICTS ARE BROUGHT TO THE ATTENTION OF AN APPROPRIATE OFFICER, DIRECTOR OR SENIOR MANAGER TO DETERMINE THE APPROPRIATE COURSE OF ACTION IN RESOLVING THE CONFLICT. IF A CONFLICT IS FOUND TO EXIST, THE CONFLICTED INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN ANY DECISIONS RELATIVE TO THE SOURCE OF CONFLICT.
  FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES IS SUBJECT TO ANNUAL REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE AND BY THE FULL BOARD OF TRUSTEES. COMPARATIVE DATA FROM OTHER NONPROFIT ORGANIZATIONS IN THE GEOGRAPHIC VICINITY AND THE MUSEUM SECTOR NATIONWIDE IS GATHERED BY THE DIRECTOR OF HUMAN RESOURCES AND SERVES AS THE BASIS FOR APPROVING REASONABLE COMPENSATION LEVELS.
  FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE INCLUDED IN ITS ANNUAL REPORT, WHICH IS POSTED ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE IN HARD COPY OR ELECTRONICALLY UPON REQUEST. THE FORM 990 IS AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND WWW.GUIDESTAR.ORG
CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 19,715,548. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 369,269. CHANGE IN VALUE OF INTEREST RATE SWAP -457,665. TOTAL TO FORM 990, PART XI, LINE 5: 19,627,152.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

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