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 private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 07-01-2014 , and ending 06-30-2015
BCheck if applicable:
CName of organization
METROPOLITAN MUSEUM OF ART
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
1000 FIFTH AVENUE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100280198
D Employer identification number

13-1624086
E Telephone number

G Gross receipts $ 1,130,390,902
F Name and address of principal officer:
THOMAS CAMPBELL
1000 FIFTH AVENUE
NEW YORK,NY100280198
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.METMUSEUM.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1870
M State of legal domicile: NY
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES; SEE SCHEDULE O FOR MORE DETAILS
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 45
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 43
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 2,570
6 Total number of volunteers (estimate if necessary) ............. 6 1,370
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a -3,624,985
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) ......... 294,489,131 255,926,608
9 Program service revenue (Part VIII, line 2g) ......... 18,796,083 7,203,463
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 269,901,800 179,139,095
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 77,748,246 31,475,351
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 660,935,260 473,744,517
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 1,755,800 1,790,237
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) 201,412,767 188,894,532
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 256,918 280,830
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet11,694,939    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 296,363,540 230,073,751
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 499,789,025 421,039,350
19 Revenue less expenses. Subtract line 18 from line 12....... 161,146,235 52,705,167
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 3,730,862,724 4,002,429,655
21 Total liabilities (Part X, line 26)............. 452,140,032 719,077,152
22 Net assets or fund balances. Subtract line 21 from line 20..... 3,278,722,692 3,283,352,503
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 Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES IN ORDER TO CONNECT PEOPLE TO CREATIVITY, KNOWLEDGE, AND IDEAS.
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 organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations 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 $ 139,921,992 including grants of $ 1,790,237 ) (Revenue $ 5,159,581 )
CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS, CONSERVATION, CATALOGUING AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $1,790,072)- SEE SCHEDULE O FOR MORE INFORMATION
4b (Code:   ) (Expenses $ 68,914,411 including grants of $ 0 ) (Revenue $ 0 )
GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION - SEE SCHEDULE O FOR MORE INFORMATION
4c (Code:   ) (Expenses $ 52,389,571 including grants of $ 0 ) (Revenue $ 3,855,886 )
ACQUISITIONS AND SALES OF ART - SEE SCHEDULE O FOR MORE INFORMATION
(Code:   ) (Expenses $ 2,508,995 including grants of $   ) (Revenue $ 3,620,442 )
RETAIL OPERATIONS
(Code:   ) (Expenses $ 22,749,925 including grants of $   ) (Revenue $   )
OPERATION OF RESTAURANTS
(Code:   ) (Expenses $ 21,244,088 including grants of $   ) (Revenue $   )
SPECIAL EXHIBITIONS
(Code:   ) (Expenses $ 16,067,363 including grants of $   ) (Revenue $   )
COMMUNITY PROGRAMS AND LIBRARIES
(Code:   ) (Expenses $ 2,781,913 including grants of $   ) (Revenue $   )
OPERATING SERVICES
(Code:   ) (Expenses $ 12,011,992 including grants of $   ) (Revenue $ 17,056 )
COMMUNICATIONS
(Code:   ) (Expenses $ 6,718,977 including grants of $   ) (Revenue $   )
MEMBERSHIP SERVICES INC BULLETIN
(Code:   ) (Expenses $ 3,426,799 including grants of $   ) (Revenue $ 2,026,825 )
OPERATION OF AUDITORIUM
(Code:   ) (Expenses $ 1,441,825 including grants of $   ) (Revenue $   )
OPERATION OF PARKING GARAGE
(Code:   ) (Expenses $ 636,030 including grants of $   ) (Revenue $ 876,586 )
CORPORATE EVENTS & FUNDRAISING
4d Other program services (Describe in Schedule O.)
(Expenses $ 89,587,907 including grants of $   ) (Revenue $ 6,540,909 )
4e Total program service expensesMediumBullet350,813,881
Form 990 (2014)
Form 990 (2014)
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 (see instructions)? 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 IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment........
4
Yes
 
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 IIIClick to see attachment............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which 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 for escrow or custodial account liability; 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 temporarily restricted endowments, permanent endowments, 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, line 10?
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 VIIClick 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 VIIIClick 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 IXClick 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 XClick 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 XClick to see attachment.........................
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII 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 and XII 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, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... 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 other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IVClick 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 other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment
16
Yes
 
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 (see instructions) .... Click to see attachment
17
Yes
 
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............ Click to see attachment
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................... Click to see attachment
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government 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 or other assistance to or for domestic individuals 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, line 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 lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
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
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) 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
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................ Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? 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 direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click 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...........................
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........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, 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...
35b
 
 
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............. Click to see attachment
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 VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
847
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
Yes
 
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
2,570
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” to line 3b, 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, securities account, or other financial account)?..........................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletEG
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
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 as charitable contributions?...
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.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring 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. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the 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 amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Form 990 (2014)
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 or note to any line 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
45
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
43
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
Yes
 
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
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
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
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete 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 this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did 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 15a or 15b, 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," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take 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
AL , AK , AR , CA , CO , CT , FL , GA , HI , IL , KS , KY , MD , MA , MI , MN , MS , MO , NH , NJ , NM , OH , OR , PA , RI , SC , TN , UT , VA , WV , WI
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 made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletCONTROLLER'S OFFICE
1000 FIFTH AVENUE
NEW YORK,NY100280198 (212) 879-5500
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line 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. 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 organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) CANDACE K BEINECKE........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(2) LEON D BLACK........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(3) DANIEL BRODSKY........................................................................
ELECTIVE TRUSTEE & CHAIRMAN
 5.0
.......................0.0 		X   X       0 0 0
(4) RUSSELL L CARSON........................................................................
ELECTIVE TRUSTEE & VICE CHAIR
 2.0
.......................0.0 		X   X       0 0 0
(5) WELLINGTON Z CHEN........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(6) RICHARD L CHILTON JR........................................................................
ELECTIVE TRUSTEE & VICE CHAIR
 2.0
.......................0.0 		X   X       0 0 0
(7) MARK FISCH........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(8) MARINA KELLEN FRENCH........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(9) JEFFREY W GREENBERG........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(10) CHARLES N ATKINS........................................................................
ELECTIVE TRUSTEe
 1.0
.......................0.0 		X           0 0 0
(11) J TOMILSON HILL........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(12) BONNIE B HIMMELMAN........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(13) PHILIP H ISLES........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(14) HAMILTON E JAMES........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(15) DENIS P KELLEHER........................................................................
ELECTIVE TRUSTEE TO 9/2014
 1.0
.......................0.0 		X           0 0 0
(16) STEPHEN M CUTLER........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(17) JOYCE FRANK MENSCHEL........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
Form 990 (2014)
Form 990 (2014)
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 (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) BIJAN MOSSAVAR-RAHMANI........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(19) JEFFREY M PEEK........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(20) BLAIR EFFRON........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(21) JOHN PAULSON........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(22) SAMANTHA BOARDMAN ROSEN........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(23) SIR PAUL RUDDOCK........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(24) WILLIAM C RUDIN........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(25) BONNIE J SACERDOTE........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(26) ALEJANDRO SANTO DOMINGO........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(27) ANDREW M SAUL........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(28) JAMES E SHIPP........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(29) ANDREW SOLOMON........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(30) ANN G TENENBAUM........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(31) LULU C WANG........................................................................
ELECTIVE TRUSTEE & VICE CHAIR
 2.0
.......................0.0 		X   X       0 0 0
(32) SHELBY WHITE........................................................................
ELECTIVE TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(33) BARRIE A WIGMORE........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(34) ANNA WINTOUR........................................................................
ELECTIVE TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(35) BILL DE BLASIO........................................................................
EX-OFFICIO TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(36) TOM FINKELPEARL........................................................................
EX-OFFICIO TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(37) SCOTT STRINGER........................................................................
EX-OFFICIO TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(38) MELISSA MARK-VIVERITO........................................................................
EX-OFFICIO TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(39) MITCHELL J SILVER........................................................................
EX-OFFICIO TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(40) BEATRICE STERN........................................................................
ELECTIVE TRUSTEE FROM 1/2015
 1.0
.......................0.0 		X           0 0 0
(41) JAMES BREYER........................................................................
ELECTIVE TRUSTEE FROM 1/2015
 1.0
.......................0.0 		X           0 0 0
(42) CAROLINE DIAMOND HARRISON........................................................................
ELECTIVE TRUSTEE FROM 1/2015
 1.0
.......................0.0 		X           0 0 0
(43) HOWARD MARKS........................................................................
ELECTIVE TRUSTEE FROM 1/2015
 1.0
.......................0.0 		X           0 0 0
(44) N ANTHONY COLES........................................................................
ELECTIVE TRUSTEE FROM 5/2015
 1.0
.......................0.0 		X           0 0 0
(45) ALVARO SAIEH........................................................................
ELECTIVE TRUSTEE FROM 5/2015
 1.0
.......................0.0 		X           0 0 0
(46) THOMAS P CAMPBELL........................................................................
DIR & CEO, EX-OFFICIO TRUSTEE
 35.0
.......................0.0 		    X       999,309 0 358,887
(47) EMILY K RAFFERTY........................................................................
PRES.,EX-OFFIC.TRUSTEE TO 3/15
 35.0
.......................0.0 		    X       913,552 0 1,641,579
(48) CARRIE R BARRATT........................................................................
DEPUTY DIR COLLECTIONS/ADMIN.
 35.0
.......................0.0 		    X       333,966 0 58,066
(49) JENNIFER RUSSELL........................................................................
ASSOC DIRECTOR OF EXHIBITIONS
 35.0
.......................0.0 		    X       365,920 0 36,362
(50) SHARON H COTT........................................................................
SR VP, SEC & GEN COUNSEL
 35.0
.......................0.0 		    X       413,553 0 58,060
(51) HAROLD L HOLZER........................................................................
SR VP, PUBLIC AFFAIRS
 35.0
.......................0.0 		    X       403,488 0 58,057
(52) OLENA M PASLAWSKY........................................................................
SR VP, CFO & TREASURER
 35.0
.......................0.0 		    X       471,748 0 46,343
(53) NINA MCN DIEFENBACH........................................................................
VP DEVELOPMENT & MEMBERSHIP
 35.0
.......................0.0 		    X       339,398 0 58,120
(54) TOM JAVITS........................................................................
VP CONSTRUCTION & FACILITIES
 35.0
.......................0.0 		    X       342,759 0 58,113
(55) JO PROSSER........................................................................
VP MERCHANDISING & RETAIL
 35.0
.......................0.0 		    X       399,997 0 56,196
(56) DEBRA A MCDOWELL........................................................................
VP FOR HUMAN RESOURCES
 35.0
.......................0.0 		    X       297,715 0 45,547
(57) ELYSE TOPALIAN........................................................................
VP FOR COMMUNICATIONS
 35.0
.......................0.0 		    X       245,843 0 55,725
(58) SUZANNE E BRENNER........................................................................
SVP & CHIEF INVESTMENT OFFICER
 35.0
.......................0.0 		    X       1,158,612 0 350,635
(59) JEFFREY BLAIR........................................................................
ASSIST.SEC & SR ASSOC.COUNSEL
 35.0
.......................0.0 		    X       218,838 0 39,465
(60) CYNTHIA ROUND........................................................................
SR VP, MAKETING & EXT. RELS
 35.0
.......................0.0 		    X       378,900 0 48,663
(61) LAUREN A MESERVE........................................................................
CHIEF INVESTMENT OFFICER
 35.0
.......................0.0 		    X       966,447 0 284,774
(62) JEFFREY SPAR........................................................................
CHIEF TECHNOLOGY OFFICER
 35.0
.......................0.0 		    X       336,470 0 56,881
(63) VANESSA MELENDEZ........................................................................
SR. INVESTMENT OFFICER TO 5/15
 35.0
.......................0.0 		        X   414,857 0 37,472
(64) GEORGE R GOLDNER........................................................................
CRMN. DRAWINGS&PRINTS TO 2/15
 35.0
.......................0.0 		        X   295,166 0 57,522
(65) KEN M WEINSTEIN........................................................................
GM MERCH FINANCE, OPS & SYSTMS
 35.0
.......................0.0 		        X   280,526 0 57,650
(66) SREE SREENIVASAN........................................................................
CHIEF DIGITAL OFFICER
 35.0
.......................0.0 		        X   271,310 0 57,590
(67) KEITH R CHRISTIANSEN........................................................................
CHAIRMAN, EUROPEAN PAINTINGS
 35.0
.......................0.0 		        X   277,366 0 57,575
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 10,125,740 0 3,579,282
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet264
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. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
RC DOLNER LLC,
307 5TH AVE 3RD FLOOR
NEW YORK,NY10016 		CONSTRUCTION MANAGER 22,124,840
MASTERPIECE INTERNATIONAL,
39 BROADWAY
NEW YORK,NY10006 		CUSTOMHOUSE BROKERS 2,398,353
HEWITT ASSOCIATES,
PO BOX 95135
CHICAGO,IL606945135 		CONSULTANT 2,653,425
LAPLACA COHEN,
43 WEST 24TH STREET FLOOR 10
NEW YORK,NY10010 		ADVERTISING 2,551,540
HL ELECTRIC INC,
41-11 28TH STREEET
LONG ISLAND CITY,NY11101 		CONSTRUCTION 2,003,644
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet62
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b 29,766,429
c Fundraising events....1c 19,673,289
d Related organizations...1d  
e Government grants (contributions)1e 12,972,099
f All other contributions, gifts, grants, and
similar amounts not included above1f 		193,514,791
g Noncash contributions included in lines
1a-1f:$ 		22,661,593
h Total. Add lines 1a-1f.......MediumBullet 255,926,608
Program Service RevenueAmt Business Code
2a EDUCATION PRGRMS,CONCERTS & LECTURES 532000 7,186,407 6,950,617 235,790  
b PHOTO RENTALS & FILM FEES 532000 17,056   17,056  
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 7,203,463
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 38,132,574   -5,235,725 43,368,299
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 106,231     106,231
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss) 0 0
d Net rental income or (loss).......MediumBullet 0      
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 738,027,134  
b Less: cost or other basis and sales expenses 597,020,613  
c Gain or (loss) 141,006,521  
d Net gain or (loss)..........MediumBullet 141,006,521     141,006,521
8a Gross income from fundraising events (not including
$ 19,673,289
of contributions reported on line 1c). See Part IV, line 18 ..
a 712,563
b Less: direct expenses ...b 5,244,668
c Net income or (loss) from fundraising events..MediumBullet -4,532,105   -4,532,105
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 0      
10a Gross sales of inventory, less
returns and allowances .
a 58,235,617
b Less: cost of goods sold ..b 54,381,104
c Net income or (loss) from sales of inventory..MediumBullet 3,854,513 3,620,442 234,071  
Miscellaneous Revenue Business Code
11a CORPORATE EVENTS 812930 2,000,408 876,585 1,123,823  
b PARKING GARAGE 812930 2,766,282     2,766,282
c RESTAURANT 561499 23,424,136     23,424,136
d All other revenue .... 3,855,886 3,855,886    
e Total. Add lines 11a–11d ...... MediumBullet 32,046,712
12 Total revenue. See Instructions......MediumBullet 473,744,517 15,303,530 -3,624,985 206,139,364
Form 990 (2014)
Form 990 (2014)
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).Check if Schedule O contains a response or note to any line in this Part IX ...............
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 domestic organizations and domestic governments. See Part IV, line 21 .... 0  
2 Grants and other assistance to domestic individuals. See Part IV, line 22 .... 1,756,487 1,756,487
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............ 33,750 33,750
4 Benefits paid to or for members .... 0  
5 Compensation of current officers, directors, trustees, and key employees .... 8,630,284 3,092,923 5,192,688 344,673
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages .... 122,239,501 105,699,656 11,328,645 5,211,200
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 16,151,118 13,739,942 1,896,862 514,314
9 Other employee benefits ....... 32,686,107 27,806,447 3,838,808 1,040,852
10 Payroll taxes ........... 9,187,522 7,815,931 1,079,025 292,566
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 1,556,162 334,901 1,221,261  
c Accounting ........... 1,106,877   1,106,877  
d Lobbying ........... 333,119 333,119    
e Professional fundraising services. See Part IV, line 17 280,830 280,830
f Investment management fees ...... 18,589,211   18,589,211  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 12,301,430 7,742,799 3,872,662 685,969
12 Advertising and promotion .... 6,052,987 5,802,952 10,349 239,686
13 Office expenses ....... 37,395,397 34,261,639 764,433 2,369,325
14 Information technology ...... 2,431,614 710,021 1,583,937 137,656
15 Royalties .. 9,824 9,824    
16 Occupancy ........... 1,277,395 1,277,138   257
17 Travel ............ 3,733,068 3,445,221 211,191 76,656
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 396,406 266,599 114,106 15,701
20 Interest ........... 7,428,995 7,070,055 306,937 52,003
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 52,593,119 47,599,982 4,909,486 83,651
23 Insurance .............. 2,415,096 1,592,193 822,839 64
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PURCHASES OF ART 52,389,571 52,389,571    
b RESTAURANT SERVICES & SUPPLIES 21,792,482 21,792,482    
c REPAIRS & MAINTENANCE 1,695,644 1,617,094 19,513 59,037
d CATERING SERVICES 4,200,318 3,059,415 949,983 190,920
e All other expenses 2,375,036 1,563,740 711,717 99,579
25 Total functional expenses. Add lines 1 through 24e 421,039,350 350,813,881 58,530,530 11,694,939
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 9,808,085 1 2,749,717
2 Savings and temporary cash investments ......... 0 2 0
3 Pledges and grants receivable, net ........... 132,673,899 3 136,865,857
4 Accounts receivable, net ............. 18,737,096 4 15,777,522
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 0 7 0
8 Inventories for sale or use .............. 13,320,306 8 10,790,809
9 Prepaid expenses and deferred charges .......... 9,948,350 9 10,565,240
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,078,274,566
b Less: accumulated depreciation ..... 10b 648,562,699 451,827,384 10c 429,711,867
11 Investments—publicly traded securities .......... 2,116,543,637 11 2,454,590,659
12 Investments—other securities. See Part IV, line 11 ..... 902,041,547 12 865,770,392
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 75,962,420 15 75,607,594
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 3,730,862,724 16 4,002,429,655
Liabilities 17 Accounts payable and accrued expenses ......... 78,412,455 17 79,192,502
18 Grants payable ................. 0 18 0
19 Deferred revenue ................ 6,716,129 19 6,003,795
20 Tax-exempt bond liabilities ............. 172,075,520 20 172,271,267
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 27,620,000 23 24,525,000
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 248,570,139
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 167,315,928 25 188,514,449
26 Total liabilities. Add lines 17 through 25......... 452,140,032 26 719,077,152
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 910,449,617 27 870,496,807
28 Temporarily restricted net assets ........... 1,473,750,677 28 1,469,878,587
29 Permanently restricted net assets ........... 894,522,398 29 942,977,109
Organizations that do not follow SFAS 117 (ASC 958), 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 ........... 3,278,722,692 33 3,283,352,503
34 Total liabilities and net assets/fund balances ........ 3,730,862,724 34 4,002,429,655
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
473,744,517
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
421,039,350
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
52,705,167
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
3,278,722,692
5
Net unrealized gains (losses) on investments ...............
5
-33,962,858
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-14,112,498
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
3,283,352,503
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line 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
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 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?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
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 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
Additional Data


Software ID:  
Software Version:  
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 Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
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
a
b
c
d
e
f
Enter the number of supported organizations .............................  
g
Provide the following information about the supported organization(s).
(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 listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total    

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 2
Part II
Support Schedule for Organizations Described in Sections 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) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 192,790,476 193,652,342 310,234,475 294,489,131 255,926,608 1,247,093,032
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge.. 15,369,185 16,151,301 16,025,751 15,278,239 16,715,169 79,539,645
4 Total. Add lines 1 through 3 208,159,661 209,803,643 326,260,226 309,767,370 272,641,777 1,326,632,677
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).. 79,298,519
6 Public support. Subtract line 5 from line 4. 1,247,334,158
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
7 Amounts from line 4.. 208,159,661 209,803,643 326,260,226 309,767,370 272,641,777 1,326,632,677
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 38,736,504 29,759,757 47,256,240 49,728,101 43,474,530 208,955,132
9 Net income from unrelated business activities, whether or not the business is regularly carried on..     3,983,699 10,402,549   14,386,248
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..           0
11 Total support Add lines 7 through 10. 1,549,974,057
12
12
441,984,385
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
80.475 %
15
15
81.810 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 3
Part III
Support Schedule for Organizations Described in Section 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) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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 VI.) ..            
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) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 5
Part IV
Supporting Organizations (continued)

Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 6
Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1.   Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors (explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7   Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 7
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2014 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2014 		(iii)
Distributable
Amount for 2014
1 Distributable amount for 2014 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2014
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2014 distributable amount  
i Carryover from 2009 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2014 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2014 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2014, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2014. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2015. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......  
e From 2014.......  
Schedule A (Form 990 or 990-EZ) (2014)
Schedule A (Form 990 or 990-EZ) 2014
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2014

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.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
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 on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, 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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 2
Name of organization
METROPOLITAN MUSEUM OF ART
  		Employer identification number

13-1624086
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 

   
 
 
  ,    

$RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 3
Name of organization
METROPOLITAN MUSEUM OF ART
  		Employer identification number

13-1624086
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 4
Name of organization
METROPOLITAN MUSEUM OF ART
  		Employer identification number

13-1624086
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. 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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(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) (2014)

Additional Data


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

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
If the organization answered "Yes" to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2014

Schedule C (Form 990 or 990-EZ) 2014
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...... 18,573  
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 314,546  
c Total lobbying expenditures (add lines 1a and 1b) ................... 333,119  
d Other exempt purpose expenditures ........................ 480,332,003  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 480,665,122  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) ................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) Total
2a Lobbying nontaxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		6,000,000
c Total lobbying expenditures 254,258 268,238 259,178 333,119 1,114,793
d Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000
e Grassroots ceiling amount
(150% of line 2d, column (e))		 1,500,000
f Grassroots lobbying expenditures 16,358 17,001 16,819 18,573 68,751
Schedule C (Form 990 or 990-EZ) 2014


Schedule C (Form 990 or 990-EZ) 2014
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2014

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, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
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 value of contributions to (during year)    
3 Aggregate value of 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 can 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 through 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, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax 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 section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, 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 (ASC 958), 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 XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), 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)
Revenue 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 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, 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 XIII.
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 XIII 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, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 2,656,291,524 2,371,491,241 2,181,790,580 2,313,067,614 1,994,256,158
b Contributions ........ 55,893,860 38,131,683 28,031,302 24,912,568 14,821,823
c Net investment earnings, gains, and losses 131,623,264 384,102,896 301,511,700 -2,340,878 437,143,658
d Grants or scholarships ..... 2,949,425 2,940,410 2,502,016 2,675,861 2,313,828
e Other expenditures for facilities
and programs ........ 		140,393,185 134,493,886 137,340,325 151,171,863 130,840,197
f Administrative expenses ....          
g End of year balance ...... 2,700,466,038 2,656,291,524 2,371,491,241 2,181,791,580 2,313,067,614
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet31.000 %
b
Permanent endowment SchDMd Bullet69.000 %
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
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 XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   1,015,000 1,015,000
b Buildings ................   36,453,175 25,771,613 10,681,562
c Leasehold improvements ............   965,175,707 564,070,624 401,105,083
d Equipment ................   75,630,684 58,720,462 16,910,222
e Other .................        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 429,711,867
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. 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) PRIVATE EQUITY 		505,488,012 F

(B) REAL ASSETS 		360,282,380 F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 865,770,392
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
ANNUITY & SPLIT-INT OBLIGS. 19,357,061
PENSION AND OTHER ACCRUED RTRMENT. 169,157,388







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 188,514,449
2. Liability for uncertain tax positions. In Part XIII, 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 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 502,323,076
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -33,962,858
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 81,630,949
e Add lines 2a through 2d ..................... 2e 47,668,091
3 Subtract line 2e from line 1..................... 3 454,654,985
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 XIII.) ........... 4b 19,089,532
c Add lines 4a and 4b....................... 4c 19,089,532
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 473,744,517
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 368,919,202
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 XIII.) ............ 2d 76,950,796
e Add lines 2a through 2d...................... 2e 76,950,796
3 Subtract line 2e from line 1..................... 3 291,968,406
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 XIII.) ............ 4b 129,070,944
c Add lines 4a and 4b....................... 4c 129,070,944
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 421,039,350
Part XIII
Supplemental Information
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, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
SCHEDULE D, PART III, LINE 1A SFAS 116 FOOTNOTE IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION, AND GIFTS OF ART OBJECTS ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASES OF ART OBJECTS BY THE MUSEUM ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PURSUANT TO STATE LAW AND MUSEUM POLICY, PROCEEDS FROM THE SALE OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS TEMPORARILY RESTRICTED NET ASSETS FOR THE ACQUISITION OF ART.
SCHEDULE D, PART III, LINE 4 DESCRIPTION OF ORGANIZATION'S COLLECTIONS & FURTHERANCE OF EXEMPT PURPOSE THE MUSEUM'S WORLD-CLASS ART COLLECTION SPANS THE GLOBE AND RANGES IN DATE FROM ANCIENT TO CONTEMPORARY ART. THEY OFFER A SURVEY OF CONSIDERABLE BREADTH OF ART FROM THE ANCIENT CIVILIZATIONS OF ASIA, AFRICA, SOUTH AMERICA, THE PACIFIC ISLANDS, EGYPT, THE NEAR EAST, AND GREECE AND ROME TO THE PRESENT TIME. THE MUSEUM'S COLLECTIONS INCLUDE EUROPEAN PAINTINGS, MEDIEVAL ART AND ARCHITECTURE, ARMS AND ARMOR, PRINTS, PHOTOGRAPHS, DRAWINGS, COSTUMES, MUSICAL INSTRUMENTS, SCULPTURE, TEXTILES, AND DECORATIVE ARTS FROM THE RENAISSANCE TO THE PRESENT TIME, AS WELL AS ONE OF THE FOREMOST COLLECTIONS OF AMERICAN ART IN THE WORLD. THE MUSEUM ALSO MAINTAINS SOME OF THE MOST COMPREHENSIVE ART AND ARCHITECTURE LIBRARIES IN THE UNITED STATES. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN.
SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS THE MUSEUM'S ENDOWMENT FUNDS ARE INTENTED TO SUPPORT EDUCATIONAL PROGRAMS, SCHOLARLY RESEARCH AND PUBLICATIONS, ACQUISITIONS OF WORKS OF ART, CONSERVATION OF WORKS OF ART, SPECIAL EXHIBITIONS OF INTEREST TO THE PUBLIC, MAINTENANCE AND EXPANSION OF GALLERIES, AND GENERAL OPERATING SUPPORT FOR MUSEUM EXPENSES.
SCHEDULE D, PART XI, LINE 1 AUDITED FINANCIAL STATEMENTS INCLUDE $370,940,970 FROM OPERATING ACTIVITIES AND $131,382,106 FROM NON-OPERATING ACTIVITIES FOR REVENUE, GAINS AND OTHER SUPPORT. TOTAL PART XI, LINE 1 $502,323,076.
SCHEDULE D, PART XI, LINE 2D RECONCILING ITEMS FOR REVENUE INCLUDING THE FOLLOWING: INVESTMENT RETURN IN EXCESS OF CURRENT SUPPORT FOR OPERATING AND NON-OPERATING ACTIVITIES 4,680,153 COST OF SALES 54,381,104 FUNDRAISING EVENTS 5,244,668 ADVERTISING GIFTS-IN-KIND 609,855 FEDERAL INDEMNIFICATION 1,469,365 UTILITIES PROVIDED BY THE CITY OF NEW YORK 15,245,804 ---------- TOTAL 81,630,949
SCHEDULE D, PART XI, LINE 4B RECONCILING ITEMS FOR REVENUE INCLUDES THE FOLLOWING: MANAGEMENT FEES AND OTHER INVESTMENT EXPENSES 18,558,566 PROCEEDS FROM SALE OF ART 3,855,886 REALIZED GAINS AND INVESTMENT INCOME ON 2015 BOND PROCEEDS 220,059 CORPORATE SPECIAL EVENTS 636,030 MUSEUM LOANS 1,054,716 PARTNERSHIP UBI (5,235,725) ----------- TOTAL 19,089,532
SCHEDULE D, PART XII, LINE 2D RECONCILING ITEMS FOR EXPENSES INCLUDES THE FOLLOWING: COST OF SALES 54,381,104 FUNDRAISING EVENTS 5,244,668 ADVERTISING GIFTS-IN-KIND 609,855 FEDERAL INDEMNIFICATION 1,469,365 UTILITIES PROVIDED BY THE CITY OF NEW YORK 15,245,804 ---------- TOTAL 76,950,796
SCHEDULE D, PART XII, LINE 4B RECONCILING ITEMS FOR EXPENSES INCLUDES THE FOLLOWING: DEPRECIATON AND MISCELLAENOUS NON-CAPITALIZED EXPENSES 49,025,177 PURCHASES OF ART 52,389,571 MANAGEMENT FEES AND OTHER INVESTMENT INCOME 18,558,566 CORPORATE SPECIAL EVENTS 636,030 MUSEUM LOANS 1,054,716 EFFECT OF INTEREST RATE SWAP 7,406,884 ----------- TOTAL 129,070,944
Schedule D (Form 990) 2014

Additional Data


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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 Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
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 its grants
and other 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 its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (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 and investments
in region
Europe (Including Iceland and Greenland)     Grantmaking T. ROUSSEAU FELLOWSHIP 33,750
Europe (Including Iceland and Greenland)     Program Services RESEARCH & EXHIBITIONS 913,574
East Asia and the Pacific     Program Services RESEARCH & EXHIBITIONS 263,144
South Asia     Program Services RESEARCH & EXHIBITIONS 58,168
South America     Program Services RESEARCH & EXHIBITIONS 43,661
Middle East and North Africa     Program Services RESEARCH & EXHIBITIONS 56,654
North America     Program Services RESEARCH & EXHIBITIONS 16,535
Sub-Saharan Africa     Program Services RESEARCH & EXHIBITIONS 8,813
Central America and the Caribbean     Program Services RESEARCH & EXHIBITIONS 4,423
Central America and the Caribbean     Investments   619,996,219
Europe (Including Iceland and Greenland)     Investments   50,741,868
Sub-Saharan Africa     Investments   1,478,400
           
           
           
           
           
3a Sub-total .....     673,615,209
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)     673,615,209
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
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. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
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) 2014
Schedule F (Form 990) 2014Page 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.
Part III can be duplicated 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)
THEODORE ROUSSEAU FELLOWSHIP Europe (Including Iceland and Greenland) 2 33,750 CHECK   N/A N/A
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
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, Return by a U.S. Transferor of Property to a Foreign Corporation (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, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; do not file with Form 990)............................
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, Information 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; do not file with Form 990).....................................
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
SCHEDULE F, PART I, LINE 2 THE MUSEUM AWARDS VARIOUS GRANTS, EDUCATIONAL TRAVEL STIPENDS AND FELLOWSHIPS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. A GRANTS COMMITTEE, COMPRISED OF MUSEUM CURATORS, CONSERVATORS, EDUCATORS, SCIENTISTS AND LIBRARIANS, MAKES SELECTIONS BASED UPON COMPETITIVE WRITTEN APPLICATIONS. THE PURPOSE OF THE GRANTS IS TO PROVIDE AN OPPORTUNITY FOR THE GRANTEES TO CONDUCT RESEARCH, EXTEND THEIR PROFESSIONAL KNOWLEDGE AND CONTRIBUTE TO THEIR RESPECTIVE FIELDS AT LARGE. TO THE BEST OF THE MUSEUM'S KNOWLEDGE, NONE OF THE RECIPIENTS OF THE GRANTS OR FELLOWSHIPS ARE RELATED TO ANY PERSON SUCH AS A TRUSTEE, AN OFFICER, OR A KEY EMPLOYEE OF THE MUSEUM. EVERY GRANTEE IS ASSIGNED A SPECIFIC SUPERVISOR AT THE START OF THEIR FELLOWSHIP PERIOD. THE SUPERVISOR IS EITHER A CURATOR, CONSERVATOR, SCIENTIST OR EDUCATOR FROM THE DEPARTMENT HOSTING THE INDIVIDUAL SCHOLAR. THE SCHOLAR AND SUPERVISOR ARE IN CONTACT THROUGHOUT THE YEAR AND DISCUSS ALL OF THE DETAILS OF THE GRANTEE'S RESEARCH WORK. IN ADDITION, THE ACADEMIC PROGRAMS OFFICE WHICH IS RESPONSIBLE FOR ALL OF THE FELLOWS REQUIRES PERIODIC UPDATES ON THE INDIVIDUALS' RESEARCH.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2014
Additional Data


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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 arrowAttach to Form 990 or Form 990-EZ.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17. Form 990-EZ
filers are not required to complete this part.
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.
(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
DONOR SERVICES GROUP
6715 SUNSET BLVD
 
LOS ANGELES, CA90028 		TELE- MARKETING   No 269,760 125,271 144,489
COMNET
1214 STOWE AVE
 
MEDFORD, OR97501 		TELE- MARKETING   No 433,815 155,559 278,256
             
             
             
             
             
             
             
             
Total .................right arrow 703,575 280,830 422,745
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
AL, AK, AR, CA, CO, CT, FL, GA, HI, IL, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WI
For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2014
Schedule G (Form 990 or 990-EZ) 2014
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 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1

COSTUME INST
(event type) 		(b) Event #2

ACQ FUND DINNER
(event type) 		(c) Other events

9
(total number) 		(d) Total events
(add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 12,642,145 2,040,508 5,703,199 20,385,852
2 Less: Contributions . . 12,515,895 1,976,608 5,180,786 19,673,289
3 Gross income (line 1
minus line 2) . . . 		126,250 63,900 522,413 712,563
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . .        
6 Rent/facility costs . .        
7 Food and beverages .        
8 Entertainment . . .        
9 Other direct expenses . 3,666,781 246,282 1,331,605 5,244,668
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 5,244,668
11 Net income summary. Subtract line 10 from line 3, column (d)........... right arrow -4,532,105
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. Subtract line 7 from line 1, column (d) ......... right arrow  
9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct 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:
 
Schedule G (Form 990 or 990-EZ) 2014
Schedule G (Form 990 or 990-EZ) 2014
Page 3
11
Does the organization conduct 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? ..........................
13
Indicate the percentage of gaming activities conducted in:
a
The organization's facility ......................
13a
%
b
An outside facility ........................
13b
%
14
Enter 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 of the third party:
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
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information (see instructions).
Return Reference Explanation
SCHEDULE G, PART I, LINE 2B DONOR SERVICES GROUP AND COMNET MARKETING GROUP CONDUCTED TELEMARKETING CAMPAIGNS TO CURRENT AND LAPSED MEMBERS OF THE METROPOLITAN MUSEUM OF ART THROUGHOUT THE YEAR. THE TELEMARKETING STAFF OF BOTH FIRMS REFERS TO A SCRIPT, WHICH IS APPROVED BY THE MEMBERSHIP DEPARTMENT, WHEN SPEAKING WITH MEMBERS. DURING FISCAL YEAR 2015, 14,762 CURRENT MEMBERS WERE CONTACTED BY COMNET MARKETING GROUP REQUESTING A CONTRIBUTION TO THE MEMBERSHIP ANNUAL APPEAL; 20,147 CURRENT MEMBERS WERE CONTACTED BY DONOR SERVICES GROUP, AND 6,830 CURRENT MEMBERS WERE CONTACTED BY COMNET MARKETING GROUP PRIOR TO EXPIRATION WITH A REQUEST FOR THEM TO RENEW THEIR MEMBERSHIP; 6,877 LAPSED MEMBERS WERE CONTACTED BY DONOR SERVICES GROUP, AND 6,336 LAPSED MEMBERS WERE CONTACTED BY COMNET MARKETING GROUP AFTER EXPIRATION WITH A REQUEST FOR THEM TO RENEW THEIR MEMBERSHIP.
SCHEDULE G, PART II, LINE 11 AND FORM 990, PART VIII, LINE 8 FUNDRAISING EVENTS NOTE THAT THE $ 4,532,105 LOSS ON FORM 990, PART VIII, LINE 8(C) EXCLUDES THE $19,673,289 OF CONTRIBUTIONS WHICH IF INCLUDED, WOULD RESULT IN A NET SURPLUS OF $15.1 MILLION.
Schedule G (Form 990 or 990-EZ) 2014
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.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number
13-1624086
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 Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC 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 listed in the line 1 table ................ Bullet Image
 
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2014

Schedule I (Form 990) 2014
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated 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) THE BOTHMER FELLOWSHIP 1 31,250   N/A N/A
(2) SYLVAN C. AND PAM COLEMAN FELLOWSHIP 5 155,792   N/A N/A
(3) CHESTER DALE FELLOWSHIP 5 72,166   N/A N/A
(4) ANNETTE DE LA RENTA FELLOWSHIP 2 36,416   N/A N/A
(5) THE DOUGLASS FOUNDATION FELLOWSHIP IN AMERICAN ART 1 5,166   N/A N/A
(6) SHERMAN FAIRCHILD FOUNDATION FELLOWSHIP 1 30,000   N/A N/A
(7) ANDREW W. MELLON ART HISTORY FELLOWSHIP 10 231,498   N/A N/A
(8) ANDREW W. MELLON CONSERVATION FELLOWSHIP 10 193,165   N/A N/A
(9) ANDREW W. MELLON POSTDOCTORAL CURATORIAL FELLOWSHP 3 119,159   N/A N/A
(10) J. CLAWSON MILLS FELLOWSHIP 4 82,499   N/A N/A
(11) HEGOP KEVORKIAN FELLOWSHIP 2 52,500   N/A N/A
(12) HANNS AND BRIGITTE HORNEY SWARZENSKI FELLOWSHIP 2 43,500   N/A N/A
(13) JANE AND MORGAN WHITNEY FELLOWSHIP 22 425,789   N/A N/A
(14) SLIFKA FOUNDATION FELLOWSHIP 2 36,249   N/A N/A
(15) SAMUEL H. KRESS FDN. INTERPRETIVE FELLOWSHIP 1 4,000   N/A N/A
(16) RESEARCH SCHOLARSHIP IN PHOTOGRAPH CONSERVATION 1 45,166   N/A N/A
(17) ANDREW W. MELLON COLLECTIONS SCHOLARSHIP 2 89,097   N/A N/A
(18) PAT O'CONNELL FELLOWSHIP 1 6,833   N/A N/A
(19) LEONARD A. LAUDER FELLOWSHIP 2 96,242   N/A N/A
Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
SCHEDULE I, PART I, LINE 2 THE MUSEUM AWARDS VARIOUS GRANTS, EDUCATIONAL TRAVEL STIPENDS AND FELLOWSHIPS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. A GRANTS COMMITTEE, COMPRISED OF MUSEUM CURATORS, CONSERVATORS, EDUCATORS, SCIENTISTS AND LIBRARIANS, MAKES SELECTIONS BASED UPON COMPETITIVE WRITTEN APPLICATIONS. THE PURPOSE OF THE GRANTS IS TO PROVIDE AN OPPORTUNITY FOR THE GRANTEES TO CONDUCT RESEARCH, EXTEND THEIR PROFESSIONAL KNOWLEDGE AND CONTRIBUTE TO THEIR RESPECTIVE FIELDS AT LARGE. RECIPIENTS OF THE EDUCATIONAL TRAVEL STIPENDS ARE EMPLOYEES OF THE MUSEUM. TO THE BEST OF THE MUSEUM'S KNOWLEDGE, NONE OF THE OTHER RECIPIENTS OF THE GRANTS OR FELLOWSHIPS ARE RELATED TO ANY PERSON SUCH AS A TRUSTEE, AN OFFICER, OR A KEY EMPLOYEE OF THE MUSEUM. EVERY GRANTEE IS ASSIGNED A SPECIFIC SUPERVISOR AT THE START OF THEIR FELLOWSHIP PERIOD. THE SUPERVISOR IS EITHER A CURATOR, CONSERVATOR, SCIENTIST OR EDUCATOR FROM THE DEPARTMENT HOSTING THE INDIVIDUAL SCHOLAR. THE SCHOLAR AND SUPERVISOR ARE IN CONTACT THROUGHOUT THE YEAR AND DISCUSS ALL OF THE DETAILS OF THE GRANTEE'S RESEARCH WORK. IN ADDITION, THE ACADEMIC PROGRAMS OFFICE WHICH IS RESPONSIBLE FOR ALL OF THE FELLOWS REQUIRES PERIODIC UPDATES ON THE INDIVIDUALS' RESEARCH.
Schedule I (Form 990) 2014


Additional Data


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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, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
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 or provision of all of 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
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
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
Yes
 
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), 501(c)(4), and 501(c)(29) organizations 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
Yes
 
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 Regulations 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 Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is 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) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (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 in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1THOMAS P CAMPBELLDIR & CEO, EX-OFFICIO TRUSTEE (i)
(ii)		 885,985
...............................
0 		0
...............................
0 		113,324
...............................
0 		36,751
...............................
0 		322,136
...............................
0 		1,358,196
...............................
0 		0
...............................
0
2EMILY K RAFFERTYPRES.,EX-OFFIC.TRUSTEE TO 3/15 (i)
(ii)		 769,901
...............................
0 		0
...............................
0 		143,651
...............................
0 		1,620,151
...............................
0 		21,428
...............................
0 		2,555,131
...............................
0 		0
...............................
0
3CARRIE R BARRATTDEPUTY DIR COLLECTIONS/ADMIN. (i)
(ii)		 330,816
...............................
0 		0
...............................
0 		3,150
...............................
0 		36,751
...............................
0 		21,315
...............................
0 		392,032
...............................
0 		0
...............................
0
4JENNIFER RUSSELLASSOC DIRECTOR OF EXHIBITIONS (i)
(ii)		 355,010
...............................
0 		0
...............................
0 		10,910
...............................
0 		34,605
...............................
0 		1,757
...............................
0 		402,282
...............................
0 		0
...............................
0
5SHARON H COTTSR VP, SEC & GEN COUNSEL (i)
(ii)		 411,430
...............................
0 		0
...............................
0 		2,123
...............................
0 		36,751
...............................
0 		21,309
...............................
0 		471,613
...............................
0 		0
...............................
0
6HAROLD L HOLZERSR VP, PUBLIC AFFAIRS (i)
(ii)		 314,830
...............................
0 		0
...............................
0 		88,658
...............................
0 		36,751
...............................
0 		21,306
...............................
0 		461,545
...............................
0 		0
...............................
0
7OLENA M PASLAWSKYSR VP, CFO & TREASURER (i)
(ii)		 464,878
...............................
0 		0
...............................
0 		6,870
...............................
0 		36,751
...............................
0 		9,592
...............................
0 		518,091
...............................
0 		0
...............................
0
8NINA MCN DIEFENBACHVP DEVELOPMENT & MEMBERSHIP (i)
(ii)		 336,112
...............................
0 		0
...............................
0 		3,286
...............................
0 		36,751
...............................
0 		21,369
...............................
0 		397,518
...............................
0 		0
...............................
0
9TOM JAVITSVP CONSTRUCTION & FACILITIES (i)
(ii)		 337,740
...............................
0 		0
...............................
0 		5,019
...............................
0 		36,751
...............................
0 		21,362
...............................
0 		400,872
...............................
0 		0
...............................
0
10JO PROSSERVP MERCHANDISING & RETAIL (i)
(ii)		 398,799
...............................
0 		0
...............................
0 		1,198
...............................
0 		36,576
...............................
0 		19,620
...............................
0 		456,193
...............................
0 		0
...............................
0
11DEBRA A MCDOWELLVP FOR HUMAN RESOURCES (i)
(ii)		 294,907
...............................
0 		0
...............................
0 		2,808
...............................
0 		36,751
...............................
0 		8,796
...............................
0 		343,262
...............................
0 		0
...............................
0
12ELYSE TOPALIANVP FOR COMMUNICATIONS (i)
(ii)		 243,514
...............................
0 		0
...............................
0 		2,329
...............................
0 		35,204
...............................
0 		20,521
...............................
0 		301,568
...............................
0 		0
...............................
0
13SUZANNE E BRENNERSVP & CHIEF INVESTMENT OFFICER (i)
(ii)		 583,120
...............................
0 		570,590
...............................
0 		4,902
...............................
0 		328,499
...............................
0 		22,136
...............................
0 		1,509,247
...............................
0 		231,000
...............................
0
14JEFFREY BLAIRASSIST.SEC & SR ASSOC.COUNSEL (i)
(ii)		 218,356
...............................
0 		0
...............................
0 		482
...............................
0 		31,025
...............................
0 		8,440
...............................
0 		258,303
...............................
0 		0
...............................
0
15CYNTHIA ROUNDSR VP, MAKETING & EXT. RELS (i)
(ii)		 373,746
...............................
0 		0
...............................
0 		5,154
...............................
0 		36,751
...............................
0 		11,912
...............................
0 		427,563
...............................
0 		0
...............................
0
16LAUREN A MESERVECHIEF INVESTMENT OFFICER (i)
(ii)		 498,563
...............................
0 		466,847
...............................
0 		1,037
...............................
0 		275,278
...............................
0 		9,496
...............................
0 		1,251,221
...............................
0 		189,000
...............................
0
17VANESSA MELENDEZSR. INVESTMENT OFFICER TO 5/15 (i)
(ii)		 238,409
...............................
0 		175,979
...............................
0 		469
...............................
0 		28,951
...............................
0 		8,521
...............................
0 		452,329
...............................
0 		43,453
...............................
0
18GEORGE R GOLDNERCRMN. DRAWINGS&PRINTS TO 2/15 (i)
(ii)		 285,373
...............................
0 		0
...............................
0 		9,793
...............................
0 		36,751
...............................
0 		20,771
...............................
0 		352,688
...............................
0 		0
...............................
0
19JEFFREY SPARCHIEF TECHNOLOGY OFFICER (i)
(ii)		 335,361
...............................
0 		0
...............................
0 		1,109
...............................
0 		36,575
...............................
0 		20,306
...............................
0 		393,351
...............................
0 		0
...............................
0
20KEN M WEINSTEINGM MERCH FINANCE, OPS & SYSTMS (i)
(ii)		 279,597
...............................
0 		0
...............................
0 		929
...............................
0 		36,576
...............................
0 		21,075
...............................
0 		338,177
...............................
0 		0
...............................
0
21SREE SREENIVASANCHIEF DIGITAL OFFICER (i)
(ii)		 270,717
...............................
0 		0
...............................
0 		593
...............................
0 		36,575
...............................
0 		21,015
...............................
0 		328,900
...............................
0 		0
...............................
0
22KEITH R CHRISTIANSENCHAIRMAN, EUROPEAN PAINTINGS (i)
(ii)		 271,017
...............................
0 		0
...............................
0 		6,349
...............................
0 		36,751
...............................
0 		20,824
...............................
0 		334,941
...............................
0 		0
...............................
0
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
SCHEDULE J, PART I, LINE 1A FIRST-CLASS TRAVEL FOR CALENDAR YEAR 2014, THOMAS CAMPBELL, CARRIE REBORA BARRATT, JENNIFER RUSSELL, AND SREE SREENIVASAN FLEW FIRST CLASS DOMESTICALLY ON AN EXCEPTIONAL BASIS WHERE THE AIRLINES DID NOT OFFER BUSINESS CLASS. THIS TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION. PERSONAL HOUSING - FOR CALENDAR YEAR 2014, THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT, EMILY RAFFERTY. THIS ALLOWANCE WAS TREATED AS TAXABLE COMPENSATION. FOR CALENDAR YEAR 2014, THE MUSEUM PROVIDED THE DIRECTOR AND CHIEF EXECUTIVE OFFICER, THOMAS CAMPBELL, WITH A RESIDENCE THAT HE WAS REQUIRED TO LIVE IN AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE MUSEUM. THE VALUE OF THIS HOUSING WAS NOT TREATED AS TAXABLE COMPENSATION.
SCHEDULE J, PART 1, LINE 4B THE FOLLOWING PERSONS PARTICIPATED IN OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THOMAS CAMPBELL - $90,702 EMILY RAFFERTY - $79,173
SCHEDULE J, PART I, LINE 7 PURSUANT TO THE MUSEUM'S INCENTIVE COMPENSATION PLAN FOR INVESTMENT STAFF, SENIOR VICE PRESIDENT AND CHIEF INVESTMENT OFFICER, SUZANNE BRENNER, RECEIVED A BONUS PAYMENT OF $570,590. IN ADDITION, CHIEF INVESTMENT OFFICER, LAUREN MESERVE, RECEIVED A BONUS PAYMENT OF $466,847, AND SENIOR INVESTMENT OFFICER, VANESSA MELENDEZ, RECEIVED A BONUS PAYMENT OF $175,979. ALL SUCH PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II COLUMN B.
SCHEDULE J, PART I, LINE 7, COLUMN (C) COLUMN (C) INCLUDES DEFERRED COMPENSATION AS FOLLOWS: A RETENTION PAYMENT FOR EMILY RAFFERTY OF $1,583,400 AND BONUS PAYMENTS FOR SUZANNE BRENNER OF $291,748 AND FOR LAUREN MESERVE OF $238,703. THIS DEFERRED COMPENSATION WAS GRANTED SUBJECT TO THE CONDITION THAT IT MAY BE FORFEITED IF THE RECIPIENT LEAVES THE MUSEUM'S EMPLOYMENT BEFORE IT IS PAID. FOR SUZANNE BRENNER AND LAUREN MESERVE, THE EXACT AMOUNT IS SUBJECT TO ADJUSTMENT BASED ON THE PERFORMANCE OF THE ENDOWMENT FUND.
FORM 990, PART VII THOMAS P. CAMPBELL AMD EMILY K. RAFFERTY ARE EX-OFFICIO TRUSTEES.
Schedule J (Form 990) 2014

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number
13-1624086
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY
  		91-1882413 649717NP6 12-01-2006 65,000,000 PARTIAL FUNDING OF CAPITAL PROJECT   X   X   X
B TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY
  		91-1882413 649717NQ4 12-01-2006 65,000,000 PARTIAL FUNDING OF CAPITAL PROJECT   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 0 0    
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0    
3 Total proceeds of issue . . . . . . . . . . . . . . 65,000,000 65,000,000    
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0 0    
5 Capitalized interest from proceeds . . . . . . . . . . . 0 0    
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0    
7 Issuance costs from proceeds . . . . . . . . . . . . 795,690 795,690    
8 Credit enhancement from proceeds . . . . . . . . . . . 0 0    
9 Working capital expenditures from proceeds . . . . . . . . . 0 0    
10 Capital expenditures from proceeds . . . . . . . . . . . 64,204,310 64,204,310    
11 Other spent proceeds . . . . . . . . . . . . . . 0 0    
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0    
13 Year of substantial completion . . . . . . . . . . . . 2008 2008
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . .   X   X        
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X        
16 Has the final allocation of proceeds been made? . . . . . . . . X   X          
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X          
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X        
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X        
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . . X   X          
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X          
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X        
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0 % 0 %    
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0 % 0 %    
6 Total of lines 4 and 5 . . . . . . . . . . . . . 0 % 0 %    
7 Does the bond issue meet the private security or payment test? . . . . .   X   X        
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X        
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X        
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? . . . . . . . 		X   X          
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .   X   X        
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .                
b Exception to rebate? . . . . . . . . X   X          
c No rebate due? . . . . . . . .                
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . . X   X          
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X        
b Name of provider . . . . . . . . . 0
  		0
  		 
  		 
 
c Term of hedge . . . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was the hedge terminated? . . . . . .                
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .   X   X        
b Name of provider . . . . . . . . . 0
  		0
  		 
  		 
 
c Term of GIC . . . . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .                
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X        
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X          
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X          
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
SCHEDULE K, PART III, LINES 4-6 PRIVATE BUSINESS AND UNRELATED USE THE MUSEUM PERFORMS A DETAILED PRIVATE BUSINESS AND UNRELATED USE CALCULATION. THE MUSEUM CALCULATED ITS PRIVATE BUSINESS AND UNRELATED USE FOR THE FISCAL YEAR ENDED JUNE 30, 2015 TO BE NEARLY 0% IN TAX EXEMPT BOND FINANCED SPACE. THIS ANALYSIS EXCLUDES COST OF ISSUANCE.
Schedule K (Form 990) 2014

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, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) 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) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by 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-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ......Small Bullet $  
Part III
Grants or Assistance Benefiting 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 assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2014
Schedule L (Form 990 or 990-EZ) 2014
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
(1) WHALE ROCK FLAGSHIP FUND LTD SEE PART V 1,203,512 MANAGEMENT & PERFORMANCE FEE   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: WHALE ROCK FLAGSHIP FUND LTD. (THE "FUND") IS AN ENTITY CONTROLLED BY THE SON OF TRUSTEE BONNIE J. SACERDOTE. THE MUSEUM IS INVESTED WITH THE FUND AND PAYS FEES TO THE FUND.
Schedule L (Form 990 or 990-EZ) 2014

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 organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art .... X 182 0  
2 Art—Historical treasures .        
3 Art—Fractional interests .. X 9 0  
4 Books and publications .. X 0  
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 159 22,661,593 MKT VALUE- GIFT DATE
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
70
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 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 noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2014)
Schedule M (Form 990) (2014)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b,
32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
SCHEDULE M, PART I, COLUMN (B) THE AMOUNTS SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS AND NOT NECESSARILY THE TOTAL NUMBER OF ITEMS CONTRIBUTED.
SCHEDULE M, PART I, LINE 32B THE MUSEUM MAY, FROM TIME TO TIME, SELL ART WORKS ACQUIRED AS NON-CASH CONTRIBUTIONS THROUGH THIRD PARTIES SUCH AS PUBLIC AUCTION HOUSES, PRIVATE DEALERS, OR INDIVIDUALS. IN EACH CASE, THE MUSEUM ENTERS INTO A CONTRACT OR AGREEMENT WITH THE THIRD PARTY CONDUCTING OR PARTICIPATING IN THE SALE AND ADHERES TO ITS OWN PUBLISHED POLICY REGARDING SUCH SALES AS WELL AS APPLICABLE IRS RULES AND STANDARDS OF ACCOUNTING.
SCHEDULE M, PART I, LINE 33 IN ACCORDANCE WITH FASB'S SFAS 116, THE MUSEUM DOES NOT TREAT DONATIONS OF PROPERTY OF THE TYPES DESCRIBED IN PART I OF SCHEDULE M AS REVENUE OR CAPITALIZE ITS COLLECTIONS BECAUSE THEY ARE USED TO SUPPORT ITS NON-PROFIT EDUCATIONAL MISSION, AND, SHOULD THE PROPERTY BE SOLD, PROCEEDS FROM SUCH SALE WOULD BE USED SOLELY TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THESE ACCOUNTING STANDARDS ARE ALSO ENDORSED BY THE AMERICAN ALLIANCE OF MUSEUMS AND THE ASSOCIATION OF ART MUSEUM DIRECTORS, OF WHICH ORGANIZATIONS THE MUSEUM IS A MEMBER.
Schedule M (Form 990) (2014)
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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
Return Reference Explanation
PART III MISSION AND PROGRAM SERVICE ACCOMPLISHMENTS THE METROPOLITAN MUSEUM OF ART WAS FOUNDED ON APRIL 13, 1870, WITH A STATEMENT OF PURPOSE THAT HAS GUIDED IT FOR OVER 140 YEARS: "TO BE LOCATED IN THE CITY OF NEW YORK, FOR THE PURPOSE OF ESTABLISHING AND MAINTAINING IN SAID CITY A MUSEUM AND LIBRARY OF ART, OF ENCOURAGING AND DEVELOPING THE STUDY OF THE FINE ARTS, AND THE APPLICATION OF ARTS TO MANUFACTURE AND PRACTICAL LIFE, OF ADVANCING THE GENERAL KNOWLEDGE OF KINDRED SUBJECTS, AND, TO THAT END, OF FURNISHING POPULAR INSTRUCTION." DURING THE MUSEUM'S 2015 STRATEGIC-PLANNING PROCESS, THE NEED FOR AN UPDATED, SIMPLER MISSION STATEMENT WITH A MORE TIGHTLY ARTICULATED EXPRESSION OF THAT PURPOSE BECAME APPARENT. TO THAT END, ON JANUARY 13, 2015, THE TRUSTEES OF THE METROPOLITAN MUSEUM OF ART REAFFIRMED THE ABOVE STATEMENT OF PURPOSE AND SUPPLEMENTED IT WITH THE FOLLOWING STATEMENT OF MISSION: "THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES IN ORDER TO CONNECT PEOPLE TO CREATIVITY, KNOWLEDGE, AND IDEAS." THE FIVE-YEAR STRATEGIC PLAN THAT THE BOARD OF TRUSTEES APPROVED IN JANUARY 2015 IS THE MOST WIDE-RANGING STUDY EVER UNDERTAKEN OF THE MET'S STRENGTHS AND NEEDS, AND IT SETS FORTH GOALS AND OBJECTIVES THAT CLARIFY OUR DIRECTION AND PRIORITIES FOR THE NEXT FIVE YEARS. IN DOING SO, IT ALIGNS THE WORK OF THE MET TOWARD A SINGLE VISION: TO CREATE THE MOST DYNAMIC AND INSPIRING ART MUSEUM IN THE WORLD. THE PLAN ARTICULATES THREE AREAS OF FOCUS FOR THE NEXT FIVE YEARS: 1) UTILIZING AND POSITIONING OUR COLLECTION, SCHOLARSHIP, AND EXPERTISE TO ENCOURAGE GREATER ACCESS TO, DIALOGUE WITH, AND UNDERSTANDING OF THESE RESOURCES; 2) CONNECTING TO A BROADER, MORE DIVERSE AUDIENCE TO INSPIRE INCREASED ENGAGEMENT WITH OUR WORK AND TO CULTIVATE NEW RELATIONSHIPS WITH VISITORS, COLLECTORS, AND SUPPORTERS; AND 3) ATTAINING ORGANIZATIONAL AND OPERATIONAL EXCELLENCE TO ENABLE GREATER TRANSPARENCY, EFFICIENCY, COLLABORATION, AND COMMUNICATION. THE OBJECTIVES AND STRATEGIES THAT DEFINE EACH OF THESE GOALS WILL FACILITATE STEADY PROGRESS TOWARD SUCCESS IN THESE AREAS AND PROVIDE A ROAD MAP FOR A MORE ALIGNED AND INTEGRATED INTERNAL CULTURE ACROSS THE MUSEUM.
PART III (CONTINUED) ATTENDANCE A RECORD 6.3 MILLION PEOPLE-FROM THE FIVE BOROUGHS OF NEW YORK CITY, THE LOCAL TRI-STATE AREA, ACROSS THE UNITED STATES, AND AROUND THE WORLD-VISITED THE MUSEUM DURING FISCAL YEAR 2015. THE TOTAL INCLUDES VISITORS BOTH AT THE MAIN BUILDING ON FIFTH AVENUE AND AT THE CLOISTERS MUSEUM AND GARDENS, THE BRANCH OF THE MUSEUM IN UPPER MANHATTAN DEVOTED TO THE ART AND ARCHITECTURE OF THE MIDDLE AGES. IT WAS THE HIGHEST VISITORSHIP SINCE THE MET BEGAN TRACKING ADMISSION STATISTICS MORE THAN FORTY YEARS AGO, AND IT IS THE FOURTH YEAR IN A ROW THAT ATTENDANCE EXCEEDED SIX MILLION. VISITORS FROM NEW YORK CITY'S FIVE BOROUGHS COMPRISED 26% OF THE MUSEUM'S VISITORSHIP FOR THE YEAR, WHILE NEW YORK CITY AND TRI-STATE VISITORS TOGETHER COMPRISED 41% OF THE TOTAL. INTERNATIONAL VISITORS FROM 189 COUNTRIES VISITED THE MAIN BUILDING AND THE CLOISTERS IN FISCAL YEAR 2015, ACCOUNTING FOR 38% OF THE ANNUAL VISITORSHIP. EXHIBITION ATTENDANCE WAS STRONG OVER THE COURSE OF THE YEAR, WITH TWENTY OF THE EXHIBITIONS THAT OPENED DURING FISCAL YEAR 2015 RECEIVING MORE THAN 100,000 VISITORS. PROJECTS AND INITIATIVES FISCAL YEAR 2015 ALSO BROUGHT FIRST STEPS IN SEVERAL PROJECTS THAT BUILD ON THE MUSEUM'S STRENGTHS AND PROVIDE NEW OPPORTUNITIES FOR INNOVATION AND GROWTH IN THE YEARS AHEAD. AN EARLY HIGH POINT WAS THE OPENING IN SEPTEMBER 2014 OF THE COMPLETELY REDESIGNED, FOUR-BLOCK-LONG DAVID H. KOCH PLAZA ON FIFTH AVENUE, AFTER A MAJOR TWO-YEAR RECONSTRUCTION EFFORT. A NEW PUBLIC SPACE OF GREAT IMPORTANCE, IT PROVIDES OUR COMMUNITY AND MILLIONS OF VISITORS WITH A WARM AND WELCOMING ENTRY TO THE MUSEUM. THE RENOVATION OF THE PLAZA WAS THE FIRST IN A SERIES OF PROJECTS IN A NEW, HOLISTIC CONCEPTUAL PLAN THAT SUPPORTS THE MUSEUM'S FUTURE. INCLUDED IN THE PLAN IS THE RENOVATION OF THE SOUTHWEST WING OF THE MET, WHICH DAVID CHIPPERFIELD ARCHITECTS WAS SELECTED TO DESIGN IN MARCH 2015. WE ALSO ANNOUNCED LAST SPRING THE INAUGURAL SEASON AT THE MET BREUER. THE OPENING OF THE MET BREUER TO THE PUBLIC IN MARCH 2016 WILL MARK THE START OF AN EXCITING NEW CHAPTER FOR THE MUSEUM, PROVIDING US WITH ADDITIONAL SPACE TO EXPAND OUR MODERN AND CONTEMPORARY VISUAL AND PERFORMING ARTS PROGRAM, AS WE CONCURRENTLY REDESIGN AND REBUILD THE SOUTHWEST WING. HELPING TO SHAPE THE PLANS FOR ALL OUR SPACES, CURRENT AND EVOLVING, THE AUDIENCE ENGAGEMENT STUDY THAT WE BEGAN LAST YEAR ENTERED ITS FINAL PHASE. THE GOALS OF THIS INITIATIVE ARE TO BRING CLARITY AND CONSISTENCY TO OUR COMMUNICATIONS WITH THE PUBLIC AND BETTER LEVERAGE THE FULL SCOPE OF THE MET'S WORK.
PART III (CONTINUED) INTERNATIONAL ACTIVITY IN THE MUSEUM'S ONGOING EFFORTS TO ENGAGE WITH THE GLOBAL COMMUNITY, THE YEAR SAW A NUMBER OF SIGNIFICANT ACHIEVEMENTS. IN APRIL 2015 WE HOSTED THE SECOND ANNUAL GLOBAL MUSEUM LEADERS COLLOQUIUM (GMLC), A TWO-WEEK CONFERENCE FOR MUSEUM LEADERS PRIMARILY FROM ASIA, AFRICA, AND LATIN AMERICA. THE AIM OF THE GMLC IS TO BROADEN AND DEEPEN INTERNATIONAL DIALOGUE ABOUT VARIOUS FACETS OF MUSEUM MANAGEMENT, INCLUDING CURATORIAL AND CONSERVATION WORK AS WELL AS MARKETING, DEVELOPMENT, AND DIGITAL TECHNOLOGY. IN JUST TWO YEARS IT HAS HELPED FORGE A NUMBER OF NEW COLLABORATIONS AND INITIATIVES AMONG THE PARTICIPATING INSTITUTIONS, WHOSE LEADERS MIGHT HAVE OTHERWISE NEVER CONNECTED. A MAJOR OUTGOING LOAN EXHIBITION, BASED EXCLUSIVELY ON THE MUSEUM'S EGYPTIAN COLLECTION, "ANCIENT EGYPTIAN QUEENS AND GODDESSES: TREASURES FROM THE METROPOLITAN MUSEUM OF ART, NEW YORK," TRAVELED TO JAPAN THIS YEAR-FIRST TO THE TOKYO METROPOLITAN ART MUSEUM (JULY 19-SEPTEMBER 23, 2014), AND THEN TO THE KOBE CITY MUSEUM (OCTOBER 13, 2014-JANUARY 12, 2015). IN OCTOBER 2014 THE MET AND THE SAUDI COMMISSION FOR TOURISM AND ANTIQUITIES IN RIYADH SIGNED A MEMORANDUM OF AGREEMENT EXPRESSING MUTUAL WILLINGNESS TO ESTABLISH A LONG-TERM JOINT PROGRAM IN WHICH THE MET PROVIDES TRAINING IN SCIENTIFIC RESEARCH, COLLECTIONS MANAGEMENT, AND MUSEUM EDUCATION, AND MET STAFF MEMBERS RECEIVE OPPORTUNITIES TO STUDY COLLECTIONS IN SAUDI ARABIA; BOTH PARTIES PLEDGE TO LEND WORKS TO EACH OTHER FOR UPCOMING EXHIBITIONS. UNDER THE INDIAN CONSERVATION FELLOWSHIP PROGRAM, ESTABLISHED BY THE 2013 MEMORANDUM OF AGREEMENT WITH THE MINISTRY OF CULTURE OF THE GOVERNMENT OF INDIA, THE MUSEUM HOSTED IN FISCAL YEAR 2015 SEVEN CONSERVATORS FROM MAJOR MUSEUMS, UNIVERSITIES, AND HERITAGE ORGANIZATIONS THROUGHOUT INDIA. AND IN NOVEMBER 2014, THE MUSEUM LAUNCHED A PARTNERSHIP WITH THE KHAN ACADEMY THAT PROVIDES EXPANDED ACCESS FOR VISITORS AROUND THE WORLD TO THE MET'S ONLINE RESOURCES.
PART III (CONTINUED) COLLECTION AND ACQUISITIONS THE MET PRESENTS OVER 5,000 YEARS OF ART FROM AROUND THE WORLD AT ITS MAIN BUILDING ON FIFTH AVENUE, THE CLOISTERS MUSEUM AND GARDENS, AND, STARTING IN MARCH 2016, THE MET BREUER. THE MET HAS ALWAYS ASPIRED TO BE MORE THAN A TREASURY OF RARE AND BEAUTIFUL OBJECTS. EVERY DAY, ART COMES ALIVE IN THE MUSEUM'S GALLERIES AND THROUGH ITS EXHIBITIONS AND EVENTS, REVEALING BOTH NEW IDEAS AND UNEXPECTED CONNECTIONS ACROSS TIME AND ACROSS CULTURES. OVER THE PAST YEAR, ACQUISITIONS HAVE DEEPENED AND BROADENED THE MUSEUM'S COLLECTION. KEY ACQUISITIONS INCLUDED AN AMBITIOUS AND BEAUTIFUL MEZZOTINT PRODUCED DURING THE SEVENTEENTH CENTURY; A GLORIOUS TAPESTRY WOVEN UNDER THE DIRECTION OF FRANCIS POYNTZ (BRITISH, ACTIVE 1660-1684); THE AMBITIOUS AND FLAWLESS MARBLE BUST OF THE GREAT MILITARY HERO AND STATESMAN JOHN CHURCHILL, THE FIRST DUKE OF MARLBOROUGH, BY THE CELEBRATED FLEMISH SCULPTOR JOHN MICHAEL RYSBRACK (1694-1770); A MASTERFUL COMPOSITION OF 1568 BY THE NETHERLANDISH ARTIST JOACHIM BEUCKELAER (1533-1575); FIVE SENSITIVELY MODELED, PAINTED ELEMENTS FROM AN EXTENDED JUDEO-CHRISTIAN NARRATIVE OF THE CROSSING OF THE RED SEA FROM THE BOOK OF EXODUS; A GRAND KOREAN PORTRAIT BY THE CELEBRATED SCHOLAR, CALLIGRAPHER, AND CIVIL OFFICIAL YUN DONGSEOM (1710-1795); A POSTHUMOUS COMMEMORATIVE PORTRAIT OF A HEMBA CHIEF FROM THE NINETEENTH TO EARLY TWENTIETH CENTURY; AN EPIC NARRATIVE PAINTING BY THE CONTEMPORARY AFRICAN-AMERICAN ARTIST KERRY JAMES MARSHALL; AN ICONIC WORK (CA. 1934-39) BY AARON DOUGLAS (1899-1979), PREEMINENT PAINTER OF THE HARLEM RENAISSANCE; AND THE MAGNIFICENT EMERALD-ENCRUSTED "CROWN OF THE ANDES," CREATED ABOUT 1660 IN COLONIAL SPANISH AMERICA. CURATORIAL, CONSERVATION, AND RESEARCH THE MUSEUM'S CURATORIAL PROGRAMS ARE SUPPORTED BY NUMEROUS SERVICES AND RESOURCES. THE DEPARTMENTS OF PAINTINGS, PAPER, OBJECTS, TEXTILE, AND PHOTOGRAPHS CONSERVATION PREPARE AND REVIEW EVERY ARTWORK SELECTED FOR AN EXHIBITION OR LOAN. THE MET'S CONSERVATION EFFORT RANKS WITH THE BEST OF THE WORLD'S MAJOR MUSEUMS. THE THOMAS J. WATSON LIBRARY HOUSES VALUABLE RESEARCH MATERIAL AVAILABLE TO THE STAFF AND PUBLIC FOR CURATORIAL, EDUCATION, AND PUBLICATION PROJECTS. IN FISCAL YEAR 2015, 12,869 VISITS WERE MADE BY OUTSIDE RESEARCHERS (A 17% INCREASE FROM FY14) AND 2,130 NEW OUTSIDE RESEARCHERS WERE REGISTERED. THE MUSEUM LIBRARIES CIRCULATED 46,929 ITEMS TO READERS. ELEVEN WEEKLY SESSIONS OF STORY TIME IN NOLEN LIBRARY REACHED OVER 17,066 CHILDREN AND THEIR CAREGIVERS, AN INCREASE OF 8% OVER FISCAL YEAR 2014. THE LIBRARY CONTINUED TO DIGITIZE RARE COLLECTION MATERIALS, BOTH PRINTED AND MANUSCRIPT, AND TO MAKE THEM AVAILABLE ONLINE, CONTINUING TO AVERAGE MORE THAN 100,000 PAGE HITS PER MONTH. THE MET CONTINUES TO BE ONE OF THE WORLD'S LEADING MUSEUM PUBLISHERS, AND THIS YEAR'S AWARD-WINNING PROGRAM OF PRINT PUBLICATIONS PRODUCED EIGHTEEN NEW TITLES IN FISCAL YEAR 2015, INCLUDING GROUNDBREAKING EXHIBITION CATALOGUES. IN ADDITION TO ITS PRINT PUBLICATIONS, THE MUSEUM LAUNCHED ITS FIRST DIGITAL EDITION OF THE MET BULLETIN, WHILE ITS AWARD-WINNING DIGITAL PUBLISHING PLATFORM, METPUBLICATIONS, ATTRACTED 1.5 MILLION ANNUAL VISITORS, INCLUDING A SIGNIFICANT INTERNATIONAL AUDIENCE. FIVE DECADES OF MET PUBLICATIONS ON ART HISTORY ARE NOW AVAILABLE ONLINE TO SCHOLARS AND THE PUBLIC FOR FREE. EXHIBITIONS IN THE GALLERIES THIS YEAR, WE PRESENTED MORE THAN FIFTY EXHIBITIONS, FROM SMALL FOCUSED INSTALLATIONS TO MAJOR INTERNATIONAL SHOWS, ON A RANGE OF THEMES, PERIODS, CULTURES, AND INDIVIDUAL ARTISTS. THE FOLLOWING EXHIBITIONS WERE AMONG THE HIGHLIGHTS IN FISCAL YEAR 2015: "CUBISM: THE LEONARD A. LAUDER COLLECTION"; "THOMAS HART BENTON'S AMERICA TODAY MURAL REDISCOVERED"; "ASSYRIA TO IBERIA AT THE DAWN OF THE CLASSICAL AGE"; GRAND DESIGN: PIETER COECKE VAN AELST AND RENAISSANCE TAPESTRY"; "BARTHOLOMEUS SPRANGER: SPLENDOR AND EROTICISM IN IMPERIAL PRAGUE"; "WARRIORS AND MOTHERS: EPIC MBEMBE ART"; "MADAME CZANNE"; "ENNION: MASTER OF ROMAN GLASS"; A SERIES OF EXHIBITIONS AND INSTALLATIONS CELEBRATING THE ONE-HUNDREDTH ANNIVERSARY OF THE DEPARTMENT OF ASIAN ART, STARTING WITH "DISCOVERING JAPANESE ART: AMERICAN COLLECTORS AND THE MET"; "CHINA: THROUGH THE LOOKING GLASS"; "THE PLAINS INDIANS: ARTISTS OF EARTH AND SKY"; "SULTANS OF DECCAN INDIA, 1500-1700: OPULENCE AND FANTASY"; "VAN GOGH: IRISES AND ROSES"; "CAPTAIN LINNAEUS TRIPE: PHOTOGRAPHER OF INDIA AND BURMA, 1852-1860"; "THE ROOF GARDEN COMMISSION: PIERRE HUYGHE"; AT THE CLOISTERS MUSEUM AND GARDENS, "TREASURES AND TALISMANS: RINGS FROM THE GRIFFIN COLLECTION"; AND "SARGENT: PORTRAITS OF ARTISTS AND FRIENDS."
PART III (CONTINUED) EDUCATION AND CONCERTS & LECTURES EDUCATION AND CONCERTS & LECTURES CONTINUED THEIR COMMITMENT TO POSITIONING THE MET AS A PLACE FOR THE DYNAMIC EXCHANGE OF IDEAS. THROUGH INTELLECTUALLY RIGOROUS AND SOCIALLY DYNAMIC EXPERIENCES WITH OUR COLLECTION AND EXHIBITIONS, THE DEPARTMENT CREATED A RANGE OF MEANINGFUL ENCOUNTERS FOR OUR VISITORS. IN FISCAL YEAR 2015, 28,422 EVENTS DREW 794,179 PARTICIPANTS, ONCE AGAIN REFLECTING AN INCREASINGLY NEW AND VARIED AUDIENCE. CONCERTS & LECTURES PROMINENTLY FEATURED CONTEMPORARY ARTISTS, MOST NOTABLY IN THE THIRD ANNUAL PERFORMING-ARTIST RESIDENCY WITH THE THEATER ENSEMBLE THE CIVILIANS, WHO COLLABORATED ON A WIDE RANGE OF PROJECTS WITH VISITING FAMILIES, CURATORS, EDUCATORS, AND STAFF THROUGHOUT THE MUSEUM. TICKET SALES FOR EVENTS INCREASED BY 20% OVER LAST YEAR, AND 50% OF THOSE WHO BOUGHT TICKETS HAD NEVER ATTENDED A CONCERT OR LECTURE AT THE MUSEUM. FURTHER, THE NUMBER OF CHILDREN ATTENDING CONCERTS FOR A MERE ONE DOLLAR EACH, IN ADDITION TO THE FULL-PRICE TICKET OF THEIR ACCOMPANYING ADULTS, DOUBLED COMPARED TO LAST YEAR WITH THE NEW ABILITY TO PURCHASE TICKETS ONLINE. IN EDUCATION, EFFORTS TO BROADEN, DEEPEN, AND INCREASE THE MUSEUM'S RELEVANCE AMONG DIVERSE TEEN AUDIENCES RESULTED IN THE LAUNCH OF A NEW PROJECT CALLED TEENS TAKE THE MET!, A LARGE-SCALE EVENT THAT BROUGHT TOGETHER OVER SEVENTY ORGANIZATIONAL PARTNERS TO CREATE A WIDE VARIETY OF ART MAKING, MUSIC, GALLERY EXPERIENCES, 3D PRINTING, DANCE CLASSES, AND MORE. IN FISCAL YEAR 2015, WE PRESENTED TWO OF THESE CELEBRATORY EVENTS, ATTRACTING ALMOST FIVE THOUSAND TEENS. CONTINUED ENGAGEMENT WITH PRACTICING ARTISTS AND THE EXPLORATION OF THE CREATIVE PROCESS REMAINED A PRIORITY THIS YEAR. OUR STUDIO ART-MAKING PROGRAMS EXPERIENCED A STEADY RISE IN ATTENDANCE OVER THE PREVIOUS YEAR. THE POPULAR DROP-IN DRAWING, FOR EXAMPLE, SAW A 61% INCREASE IN PARTICIPATION. VISITORS OF ALL AGES AND ABILITIES ENJOYED AN ENORMOUS RANGE OF PROGRAMS, INCLUDING LARGE-SCALE FESTIVALS, SUCH AS THE LUNAR NEW YEAR CELEBRATION AND FIESTA!, TOGETHER ATTRACTING OVER SIX THOUSAND PEOPLE AND UNDERSCORING THE MET AS A POPULAR DESTINATION FOR FAMILIES. THE MUSEUM CONTINUES TO BE A HIGHLY VALUED RESOURCE FOR K-12 STUDENTS AND TEACHERS. IN FISCAL YEAR 2015, A TOTAL OF 237,343 PARTICIPATED IN 6,259 GUIDED AND SELF-GUIDED SCHOOL GROUP VISITS, WHILE A TOTAL OF 3,777 EDUCATORS ATTENDED PROGRAMS FOCUSED ON INTEGRATING ART INTO CLASSROOM TEACHING.
PART III (CONTINUED) DIGITAL MILLIONS OF PEOPLE TAKE PART IN THE MET EXPERIENCE ONLINE. THE MUSEUM'S WEBSITE ATTRACTED A TOTAL OF THIRTY-TWO MILLION VISITS IN FISCAL YEAR 2015; APPROXIMATELY 36% OF THESE WERE INTERNATIONAL VISITORS WHILE 64% WERE DOMESTIC. THE MUSEUM'S EMAIL MARKETING PROGRAM, WHICH INCLUDES CURATORIAL AND EDUCATIONAL CONTENT, MET STORE CONTENT, AND FUND-RAISING CAMPAIGNS, GREW TO NEARLY 680,000 SUBSCRIBERS IN FISCAL YEAR 2015. ON THE SOCIAL MEDIA SIDE, THE MUSEUM'S FACEBOOK ACCOUNT REACHED MORE THAN 1.3 MILLION LIKES (AN INCREASE OF 18% FROM LAST YEAR), AND THE MUSEUM'S TWITTER ACCOUNT GARNERED MORE THAN 982,000 FOLLOWERS (UP 30% FROM LAST YEAR). THE MUSEUM'S INSTAGRAM REACHED MORE THAN 637,000 FOLLOWERS (UP 258 PERCENT FROM LAST YEAR) AND WON A WEBBY AWARD FOR THE SECOND CONSECUTIVE YEAR. THE MET'S PINTEREST ACCOUNT AMASSED 559,000 FOLLOWERS. FINALLY, THE MUSEUM LAUNCHED AN ACCOUNT ON WEIBO, THE CHINESE-LANGUAGE SOCIAL MEDIA SITE, ATTRACTING MORE THAN TEN MILLION VISITORS IN FISCAL YEAR 2015. THE MUSEUM LAUNCHED THE WEBBY AWARD-WINNING MET APP IN SEPTEMBER 2014. A FREE DIGITAL RESOURCE, IT OFFERS AN EASY WAY TO STAY CONNECTED WITH THE MET FROM ANYWHERE IN THE WORLD AND WAS USED MORE THAN ONE MILLION TIMES IN ITS FIRST NINE MONTHS. TO REACH OUR VISITORS ON THE GO, THE MUSEUM ALSO EXPANDED THE MOBILE VERSION OF METMUSEUM.ORG TO INCLUDE INFORMATION ABOUT EVENTS AND MEMBERSHIP. THE ENTIRE CATALOGUE OF AUDIO GUIDE CONTENT WAS ALSO MADE AVAILABLE FOR FREE ON THE MOBILE VERSION OF THE WEBSITE. NEW ONLINE FEATURES SUCH AS THE ARTIST PROJECT, AN INNOVATIVE YEARLONG SERIES IN WHICH ONE HUNDRED WORKING ARTISTS RESPOND TO THE MET'S COLLECTION, AND VIEWPOINTS, FEATURING COMMENTARY BY MET EXPERTS, LEADING AUTHORITIES, AND RISING STARS, HELPED VISITORS TO SEE AND EXPERIENCE THE MUSEUM'S COLLECTION IN NEW AND EXCITING WAYS. THE EVER-POPULAR ONLINE PUBLICATION HEILBRUNN TIMELINE OF ART HISTORY CONTINUED TO EVOLVE AND EXPAND, RECEIVING ONE MILLION VISITS PER MONTH ON AVERAGE IN FISCAL YEAR 2015. IN SPRING 2015, MET BLOGS RECEIVED A PEOPLE'S VOICE WEBBY AWARD IN THE CULTURAL BLOGS CATEGORY.
PART III (CONTINUED) CAPITAL PROJECTS AS PREVIOUSLY NOTED, THE MUSEUM OPENED THE DAVID H. KOCH PLAZA ON FIFTH AVENUE IN SEPTEMBER 2014, AFTER A TWO-YEAR RECONSTRUCTION EFFORT, AND IN MARCH 2015 SELECTED DAVID CHIPPERFIELD ARCHITECTS FOR THE REDESIGN OF THE SOUTHWEST WING. THE MUSEUM ALSO COMPLETED WORK ON THE VENETIAN GALLERY IN NOVEMBER 2014. THE SIGNIFICANT ACHIEVEMENTS OF FISCAL YEAR 2015 ARE A TESTAMENT TO THE STRENGTH OF THE MUSEUM AND CARRY FORWARD OUR MISSION TO BUILD, STUDY, CONSERVE, AND PRESENT TO OUR VISITORS OVER 5,000 YEARS OF VISUAL EXPRESSION. WITH THE OPENING OF THE MET BREUER, IT IS AN EXCITING PERIOD, AND WE LOOK FORWARD TO INFUSING THAT ICONIC SPACE WITH A PERSPECTIVE ON ART AND CULTURE THAT ONLY THE MET, WITH ITS DEEP COLLECTION, CAN PROVIDE.
PART VI, LINE 1A GOVERNING BODY DELEGATED AUTHORITY IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE HAS THE RIGHT TO EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES OTHER THAN THE POWERS TO (A)FILL VACANCIES IN THE BOARD OF TRUSTEES OR IN ANY COMMITTEE; (B) AMEND OR REPEAL THE BY-LAWS OR ADOPT NEW BY-LAWS; AND (C) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE.
PART VI, LINE 2 TWO TRUSTEES OF THE MUSEUM, HAMILTON E. JAMES AND J. TOMILSON HILL, HAVE A BUSINESS RELATIONSHIP. BOTH ARE OFFICERS OF THE BLACKSTONE GROUP.
PART VI, LINE 4 THE MUSEUM MADE SOME CHANGES TO ITS BY-LAWS, WHICH WERE APPROVED AT THE MAY 12, 2015 MEETING OF THE BOARD OF TRUSTEES. THE REVISIONS WERE MADE TO ENSURE COMPLIANCE WITH THE NEWLY ENACTED NONPROFIT REVITALIZATION ACT (THE "NPRA") AS WELL AS TO UPDATE THE PROVISIONS RELATING TO THE DUTIES OF THE DIRECTOR AND PRESIDENT. THE CHANGES INCLUDE: - ADJUSTING THE RESPECTIVE DUTIES OF THE DIRECTOR AND PRESIDENT; - ALLOWING THE EXECUTIVE COMMITTEE TO MAKE REAL ESTATE DECISIONS, WHICH IS NOW PERMITTED PURSUANT TO THE NPRA; - INSURING COMPLIANCE WITH LEGAL REQUIREMENTS WITH RESPECT TO EXECUTIVE COMPENSATION; - CONFORMING COMMITTEE NOMENCLATURE TO THE NPRA; - UPDATING OFFICER POSITIONS AND TITLES; AND - PERMITTING USE OF TECHNOLOGY FOR BOARD AND COMMITTEE MEETINGS.
PART VI, LINE 6 GOVERNING BODY AND MANAGEMENT THE MUSEUM DOES NOT HAVE "MEMBERS" AS SUCH TERM IS DEFINED IN THE INSTRUCTIONS TO FORM 990. HOWEVER, THE MUSEUM USES THE TERM "MEMBERS" IN CONNECTION WITH DUES, FEES, GOODS, BENEFITS, PRIVILEGES AND SERVICES AS ESTABLISHED BY THE MUSEUM FROM TIME TO TIME.
PART VI, LINE 11B PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 THE MUSEUM'S FORM 990, INCLUDING REQUIRED SCHEDULES AND SUPPORTING DOCUMENTATION, IS INITIALLY COMPILED BY THE MUSEUM'S CONTROLLER'S OFFICE PRIMARILY RELYING ON THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S CONTROLLER, CHIEF FINANCIAL OFFICER, GENERAL COUNSEL, AND EXTERNAL TAX ADVISORS PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE MUSEUM'S SENIOR MANAGEMENT, INCLUDING THE MUSEUM'S DIRECTOR AND PRESIDENT, THE AUDIT COMMITTEE OF THE MUSEUM'S BOARD OF TRUSTEES, AND EXTERNAL LEGAL COUNSEL. A COMPLETE COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE.
PART VI, LINE 12C CONFLICT OF INTEREST POLICY THE MUSEUM REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY REQUIRING ONGOING DISCLOSURE OF POTENTIAL CONFLICTS, REVIEW OF SUCH DISCLOSURES, AND RECUSAL BY CONFLICTED INDIVIDUALS WHEN WARRANTED. SPECIFICALLY, ON AN ANNUAL BASIS, THE MUSEUM SEEKS TO ENSURE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY SENDING RELEVANT WRITTEN POLICIES TO SENIOR STAFF, TRUSTEES AND ADVISORY MEMBERS OF COMMITTEES OF THE BOARD OF TRUSTEES. EACH POLICY IS SENT WITH A STATEMENT, WHICH MUST BE COMPLETED, SIGNED AND RETURNED TO THE MUSEUM'S GENERAL COUNSEL. THE STATEMENT REQUIRES EACH INDIVIDUAL TO CONFIRM THAT HE OR SHE HAS (I) RECEIVED A COPY OF THE POLICY, (II) READ AND UNDERSTOOD THE POLICY AND (III) AGREES TO COMPLY WITH THE POLICY. THE INDIVIDUAL IS ALSO ASKED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY, OR AN ENTITY IN WHICH ANY OF THEM HAVE A MATERIAL OWNERSHIP INTEREST, MAY HAVE. THE STATEMENTS ARE COMPLETED AND RETURNED TO THE GENERAL COUNSEL'S OFFICE. WHEN POTENTIAL CONFLICTS ARISE, THEY ARE INITIALLY EVALUATED BY THE GENERAL COUNSEL WITH THE ASSISTANCE OF OUTSIDE LEGAL COUNSEL IF NECESSARY. ACTUAL CONFLICTS OF INTEREST ARE RESOLVED IN CONSULTATION WITH THE MUSEUM'S DIRECTOR AND PRESIDENT (FOR STAFF) AND THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE LEGAL COMMITTEE OF THE MUSEUM'S BOARD (FOR TRUSTEES, INCLUDING THE DIRECTOR AND THE PRESIDENT). IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY THE TRUSTEES ARE PRESENTED TO THE AUDIT COMMITTEE EACH YEAR. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY SENIOR STAFF IS PRESENTED TO THE DIRECTOR AND PRESIDENT EACH YEAR.
PART VI, LINES 15A AND 15B COMPENSATION REVIEW THE COMPENSATION COMMITTEE ("THE COMMITTEE") OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF COMPENSATION AND BENEFITS PROGRAMS FOR THE MUSEUM'S OFFICERS, AND FOR ENSURING THAT THE COMPENSATION POLICIES OF THE MUSEUM ARE CONSISTENT WITH AND IN SUPPORT OF THE MUSEUM'S MISSION, VALUES AND LONG-TERM GOALS. THE INTENT OF THE COMMITTEE IS TO PROVIDE A TOTAL COMPENSATION PROGRAM FOR THE OFFICERS THAT PROMOTES THE MUSEUM'S LONG-TERM OBJECTIVES, AND IS REASONABLE, APPROPRIATE AND FAIR. ANNUALLY, AN INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE REVIEWS THE TOTAL COMPENSATION OF EACH OFFICER OF THE MUSEUM. THE INDEPENDENT COMPENSATION CONSULTANT MAKES RECOMMENDATIONS WITH RESPECT TO THE TOTAL COMPENSATION OF EACH OFFICER, AND THE COMMITTEE APPROVES THE COMPENSATION. COMPENSATION DECISIONS ARE MADE WITH REFERENCE TO COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE ROLES AT SIMILARLY SITUATED ORGANIZATIONS PRESENTED BY THE INDEPENDENT COMPENSATION CONSULTANT. THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE ALSO CONSIDER OTHER RELEVANT FACTORS IN DETERMINING COMPENSATION, INCLUDING THE MUSEUM'S MISSION AND GOALS, THE PERFORMANCE OF EACH OFFICER, AND THE MARKET FOR EXECUTIVE TALENT. THE COMMITTEE COMPLIES WITH THE "REBUTTABLE PRESUMPTION" PROCEDURES FOR DETERMINING THAT COMPENSATION IS REASONABLE UNDER INTERNAL REVENUE CODE SECTION 4958. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES.
PART VI, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT, WHICH IS MADE AVAILABLE TO THE PUBLIC ON THE MUSEUM'S WEBSITE. THE MUSEUM MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDES THE FOLLOWING: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (48,131) UNREALIZED GAINS ON 2015 BOND PROCEED 1,594,009 NET RECLASSIFICATIONS, FEES, AND OTHER (60,885) PENSION - RELATED CHANGES OTHER THAN NPPC (17,257,469) CHANGE IN FAIR VALUE OF INTEREST RATE EXCHANGE AGREEMENTS (3,575,747) PARTNERSHIP UBIT 5,235,725 ------------ TOTAL (14,112,498)
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


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SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) CHARITABLE TRUSTS (13)

 
 
TRUST   NA
  		TRUST         No












Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
 
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
 
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
 
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
 
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
 
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
 
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
 
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
 
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
 
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
 
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
 
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
 
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved





Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2014
Additional Data


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