TY 2022 Form 990

- TIN:

Form990

Department of the TreasuryInternal 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)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

A For the 2021 calendar year, or tax year beginning 07-01-2022 , and ending 06-30-2023

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
SAN FRANCISCO MUSEUM OF MODERN ART

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
151 THIRD STREET

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA941033159

D Employer identification number

94-1156300

E Telephone number

G Gross receipts $ 166,718,190

F Name and address of principal officer:
CHRISTOPHER BEDFORD
151 THIRD STREET
SAN FRANCISCO,CA941033159

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.SFMOMA.ORG

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. See instructions.

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1935

M State of legal domicile: CA

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: INSPIRE DIVERSE AUDIENCES THROUGH EXHIBITIONS, EDUCATION, PUBLICATIONS & COLLECTIONS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	62
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	62
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	468
6	Total number of volunteers (estimate if necessary) .............	6	119
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	2,258,605
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	161,754

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	47,925,102	32,864,839
9	Program service revenue (Part VIII, line 2g) .........	6,618,499	10,186,394
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	17,252,526	12,741,363
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	17,978,593	5,389,216
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	89,774,720	61,181,812
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
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)	34,014,036	37,187,387
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	312,546	336,206
b	Total fundraising expenses (Part IX, column (D), line 25) 6,393,771
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	50,920,446	53,847,625
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	85,247,028	91,371,218
19	Revenue less expenses. Subtract line 18 from line 12.......	4,527,692	-30,189,406
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	808,682,158	805,507,382
21	Total liabilities (Part X, line 26).............	43,585,419	43,090,235
22	Net assets or fund balances. Subtract line 21 from line 20.....	765,096,739	762,417,147

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

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

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) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2021)

Form 990 (2021)

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..............

Briefly describe the organization’s mission: SEE SCHEDULE OSFMOMA BELIEVES THE ART OF OUR TIME IS VITAL AND SHARES IT WITH PASSION AND PURPOSE, AND THAT ART AND THE CREATIVE PROCESS CAN OPEN MINDS AND HELP BUILD A BETTER WORLD. FOR THAT REASON, WE ASSEMBLE UNPARALLELED COLLECTIONS, CREATE EXHILARATING EXHIBITIONS, AND DEVELOP ENGAGING PUBLIC PROGRAMS THAT CONNECT WITH OUR COMMUNITY.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

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 $ 29,673,338 including grants of $ 0 ) (Revenue $ 8,157,496 )
	SEE SCHEDULE OEXHIBITIONSA KEY OBJECTIVE OF SFMOMA'S MISSION IS TO PRESENT EXHIBITIONS THAT EXPLORE WORKS BY LEADING MODERN AND CONTEMPORARY ARTISTS AND THE MOST SIGNIFICANT ARTISTIC DIRECTIONS OF OUR TIME, IN THE CONTEXT OF AN ACTIVE DIALOGUE WITH LOCAL, NATIONAL AND INTERNATIONAL ART COMMUNITIES. THE MUSEUM SEEKS A BALANCED EXHIBITION PROGRAM THAT INCLUDES MONOGRAPHIC AND THEMATIC EXHIBITIONS OF BROAD APPEAL AS WELL AS THOSE THAT REFLECT SFMOMA'S DISTINCTIVE CURATORIAL VOICE IN PAINTING AND SCULPTURE, PHOTOGRAPHY, MEDIA ARTS, ARCHITECTURE AND DESIGN, AND CONTEMPORARY ART. THE EXHIBITIONS PROGRAM INCLUDES TWENTY-FIVE TO THIRTY PRESENTATIONS ANNUALLY, OF WHICH APPROXIMATELY 75 PERCENT ARE ORGANIZED BY SFMOMA AND APPROXIMATELY 25 PERCENT ARE TRAVELING EXHIBITIONS ORGANIZED BY OTHER INSTITUTIONS.SFMOMA HOLDS AN INTERNATIONALLY RECOGNIZED COLLECTION OF MODERN AND CONTEMPORARY ART, AND WAS THE FIRST MUSEUM ON THE WEST COAST DEVOTED SOLELY TO 20TH-CENTURY ART. THE MUSEUM'S CURRENT COLLECTION INCLUDES OVER 51,000 WORKS OF PAINTING, SCULPTURE, PHOTOGRAPHY, ARCHITECTURE, DESIGN, MEDIA, AND CONTEMPORARY ART. THEY ARE DISPLAYED IN 170,000 SQUARE FEET OF EXHIBITION SPACE, MAKING THE MUSEUM ONE OF THE LARGEST IN THE UNITED STATES OVERALL, AND ONE OF THE LARGEST IN THE WORLD FOR MODERN AND CONTEMPORARY ART. RECENT EXHIBITIONS ORGANIZED BY SFMOMA INCLUDE:SHIFTING THE SILENCE; SPECULATIVE PORTRAITS; SUSAN PHILIPSZ: SONGS SUNG IN THE FIRST PERSON ON THEMES OF LONGING, SYMPATHY AND RELEASE; JULIAN CHARRIERE: ERRATIC; JOAN BROWN (TRAVELING TO CARNEGIE MUSEUM OF ART AND ORANGE COUNTY MUSEUM OF ART); FRANK BOWLING: THE NEW YORK YEARS 1966-1975 (CO-ORGANIZED WITH MFA BOSTON); GERMAN ART AFTER 1960; CONVERSATION PIECES: CONTEMPORARY FURNITURE IN DIALOGUE; RAGNAR KJARTANSSON: THE VISITORS; BAY AREA WALLS: TWIN WALLS MURAL COMPANY; CONTEMPORARY OPTICS: OLAFUR ELIASSON, TERESITA FERNANDEZ, AND ANISH KAPOOR; AFTERIMAGES: ECHOES OF THE 1960S FROM THE FISHER AND SFMOMA COLLECTIONS; BAY AREA WALLS: SADIE BARNETTE; CORPOREAL; FREEFORM: EXPERIENCING ABSTRACTION; DIEGO RIVERA'S AMERICA (CO-ORGANIZED WITH CRYSTAL BRIDGES MUSEUM OF AMERICAN ART); MATTHEW BARNEY, DRAWING RESTRAINT, 14; NEW WORK: TOYIN OJIH ODUTOLA; NEW WORK: ANNA SEW HOY; SADIE BARNETTE: THE NEW EAGLE CREEK SALOON; BAY AREA WALLS: LIZ HERNANDEZ; ALEXANDER CALDER: DISSONANT HARMONY; CONSTELLATIONS: PHOTOGRAPHS IN DIALOGUE; (A)WAY STATION: PAUL KARIOUK AND MABEL O. WILSON; SIGHTLINES; BERND & HILLA BECHER (ORGANIZED BY THE METROPOLITAN MUSEUM OF ART); KINSHIP: PHOTOGRAPHY AND CONNECTION; BAY AREAS WALLS: EMORY DOUGLAS; A LIVING FOR US ALL: ARTISTS AND THE WPA; BAY AREA WALLS: MICHAEL JANG; AMALIA MESA-BAINS: VENUS ENVY I; AMALIA MESA-BAINS: MADRINAS Y HERMANAS (GODMOTHERS AND SISTERS); MYTHIC CONSTRUCTIONS: CARLOS MERIDA AND PAUL KLEE; 2022 SECA ART AWARD; KLEE + BSS: PAUL KLEE AND BARBARA STAUFFACHER SOLOMON; SOL LEWITT LOOPY DOOPY; PAN AMERICAN UNITY: A MURAL BY DIEGO RIVERA; JULIE MEHRETU: HOWL, EON (I,II); WU TSANG: OF WHALES; JANET CARDIFF: THE TELEPHONE; AS WELL AS OPEN ENDED AND FISHER COLLECTION PRESENTATIONS.SFMOMA'S EXHIBITIONS TOUR WIDELY AND HAVE BEEN PRESENTED NATIONALLY AND INTERNATIONALLY AT SUCH VENUES AS THE BALTIMORE MUSEUM OF ART, MUSEE D'ART CONTEMPORAIN DE MONTREAL, FONDATION LOUIS VUITTON, AND THE MUSEUM OF FINE ARTS HOUSTON.

4b	(Code: ) (Expenses $ 10,339,563 including grants of $ 0 ) (Revenue $ 30,846 )
	SEE SCHEDULE OCOLLECTIONS AND PURCHASE OF ARTONE OF THE MOST IMPORTANT FUNCTIONS OF A MUSEUM IS TO DEVELOP, CARE FOR, AND MAKE ACCESSIBLE TO THE PUBLIC AN OUTSTANDING COLLECTION OF WORKS OF ART, THEREBY CREATING AND OFFERING AN ARTISTIC LEGACY TO THE COMMUNITY, NATION, AND THE WORLD. SINCE 1935, SFMOMA HAS BEEN A PIONEER AMONG MODERN AND CONTEMPORARY ART MUSEUMS IN COLLECTING AND PUBLIC PROGRAMMING IN THE FIELDS OF PHOTOGRAPHY, ARCHITECTURE AND DESIGN, INSTALLATION, AND NEW MEDIA, EVEN AS IT HAS ASSEMBLED PREMIER HOLDINGS IN THE MORE TRADITIONAL MEDIA OF DRAWING, PAINTING, AND SCULPTURE. SFMOMA'S ART COLLECTION IS REGIONAL, NATIONAL, AND INTERNATIONAL IN SCOPE, AND BEGINS IN THE TWENTIETH CENTURY, WITH THE EXCEPTION OF PHOTOGRAPHY, WHICH ENCOMPASSES THE ENTIRE HISTORY OF THAT MEDIUM (1839 TO THE PRESENT). THE MUSEUM HAS MORE THAN 51,000 WORKS OF ART IN ITS COLLECTION, REFLECTING THE COLLECTING STRATEGIES OF THE MUSEUM'S CURATORIAL DEPARTMENTS AND THE RESEARCH LIBRARY.DEPARTMENT OF PAINTING AND SCULPTURETHE COLLECTION OF PAINTING AND SCULPTURE FORMS THE BACKBONE OF SFMOMA'S PERMANENT COLLECTION AND REPRESENTS THE FULL LEGACY OF THE MUSEUM'S ACTIVITIES. ALTHOUGH THE DEPARTMENT OF PAINTING AND SCULPTURE WAS FORMALLY ESTABLISHED IN THE MID-1980S, SFMOMA HAS BEEN ACTIVELY ENGAGED IN THE ACQUISITION, RESEARCH, PRESENTATION, AND INTERPRETATION OF A DIVERSE RANGE OF MODERN AND CONTEMPORARY WORKS SINCE THE MUSEUM'S FOUNDING IN 1935. THE COLLECTION IS DISTINGUISHED BY ITS CONCENTRATIONS IN FAUVISM, GERMAN EXPRESSIONISM, SURREALISM, LATIN AMERICAN ART, ABSTRACT EXPRESSIONISM, POP ART, POSTMINIMALISM, GERMAN PAINTING, ART FROM THE SAN FRANCISCO BAY AREA, AND MAJOR LARGE-SCALE INSTALLATIONS FROM ARTISTS WORKING IN THE 1990S AND THROUGH TO THE PRESENT. WHILE THESE MASTERWORKS FORM THE FOUNDATION OF THE COLLECTION AND THE MUSEUM CONTINUES TO ADDRESS HISTORIC GAPS, THE MUSEUM IS ACTIVELY BUILDING A PREEMINENT COLLECTION OF CONTEMPORARY PAINTING AND SCULPTURE. THE DEPARTMENT FOCUSES ITS CURRENT COLLECTING PRACTICES TOWARD ACQUIRING THE MASTERWORKS OF TOMORROW, FOLLOWING MID-CAREER AND EMERGING ARTISTS WHO ARE WORKING AT THE HIGHEST LEVELS OF ARTISTIC MATURITY, WITH AN EMPHASIS ON THE BROAD DIVERSIFICATION OF OUR HOLDINGS.DEPARTMENT OF PHOTOGRAPHYSFMOMA WAS AMONG THE FIRST AMERICAN ART MUSEUMS TO RECOGNIZE PHOTOGRAPHY AS AN ART FORM. THE MUSEUM HAS BEEN DEDICATED TO THE ACQUISITION, RESEARCH, PRESENTATION, AND INTERPRETATION OF PHOTOGRAPHS FOR MORE THAN SEVENTY-FIVE YEARS, MAKING SFMOMA'S HOLDINGS ONE OF THE OLDEST COLLECTIONS OF PHOTOGRAPHY AMONG ART MUSEUMS NATIONWIDE. THE PHOTOGRAPHY COLLECTION IS ALSO THE MUSEUM'S LARGEST COLLECTION. THE MUSEUM'S COLLECTION IS PARTICULARLY WELL-REGARDED FOR ITS PHOTOGRAPHY OF CALIFORNIA AND THE WEST, THE EUROPEAN AVANT-GARDE, AND AMERICAN MODERNISM. OTHER AREAS OF STRENGTH INCLUDE JAPANESE PHOTOGRAPHY, VERNACULAR PHOTOGRAPHY, LANDSCAPE PHOTOGRAPHY, AND A GROWING CONTEMPORARY COLLECTION. THE SFMOMA PRITZKER CENTER FOR PHOTOGRAPHY IS THE LARGEST PERMANENT SPACE DEVOTED TO PHOTOGRAPHY IN A MODERN AND CONTEMPORARY ART MUSEUM.DEPARTMENT OF ARCHITECTURE AND DESIGNTHROUGHOUT ITS HISTORY SFMOMA HAS BEEN AN ACTIVE FORUM FOR EXAMINING FORMAL AND CONCEPTUAL ISSUES IN THE FIELDS OF DESIGN. THE MUSEUM PRESENTED ARCHITECTURE AND DESIGN EXHIBITIONS REGULARLY BEFORE AN OFFICIAL CURATORIAL DEPARTMENT WAS FOUNDED IN 1983. FIVE YEARS LATER, THE MUSEUM BEGAN COLLECTING WORKS OF MODERN AND CONTEMPORARY DESIGN; TO DATE, THERE ARE OVER 7,000 WORKS OF ARCHITECTURE AND DESIGN. AS THE FIRST A+D COLLECTION ON THE WEST COAST, SFMOMA IS NOW RECOGNIZED AS ONE OF THE FOREMOST MUSEUMS INVESTED IN COLLECTING, CONSERVING AND EXHIBITING WORKS OF ARCHITECTURE, LANDSCAPE ARCHITECTURE, FURNITURE DESIGN, PRODUCT DESIGN, AND GRAPHIC DESIGN. THE COLLECTION IS INTERNATIONAL IN SCOPE WHILE REFLECTING THE DISTINCTIVE CHARACTER OF CALIFORNIA. OVER THE PAST TWO DECADES, THE MUSEUM HAS BUILT SIGNIFICANT HOLDINGS IN CONTEMPORARY VISIONARY ARCHITECTURE, BAY AREA DESIGN, POLITICAL POSTERS, AND PRODUCT DESIGN WITH DIGITAL INTERFACE. THE DEPARTMENT AIMS TO AFFECT POSITIVE CULTURAL CHANGE, ENCOURAGE IMAGINATION AND CRITICAL THINKING, AND PRESENT AN EXPANSIVE VIEW OF DESIGN. THE DEPARTMENT IS DEDICATED TO INCREASING VISIBILITY OF WORKS BY DESIGNERS OF COLOR, FOSTERING DIALOGUE ABOUT THE BUILT ENVIRONMENT AND OBJECTS IN IT AND AMPLIFYING TOPICS THAT ADDRESS THE UNREALIZED POTENTIAL OF A MORE INCLUSIVE SOCIETY AND HEALTHY ENVIRONMENT. DEPARTMENT OF MEDIA ARTSTHE SFMOMA DEPARTMENT OF MEDIA ARTS, ESTABLISHED IN 1988, WAS AMONG THE FIRST OF ITS KIND IN THE UNITED STATES. MEDIA ARTS ORGANIZES EXHIBITIONS, PUBLICATIONS, AND SELECT EVENTS, AND PARTICIPATES IN RELATED EDUCATIONAL PROGRAMS. THE MEDIA ARTS COLLECTION ENCOMPASSES THE DIVERSITY OF TIME-BASED MEDIA WORKS AND INSTALLATIONS, INCLUDING VIDEO, FILM, SLIDE, SOUND, COMPUTER-BASED, ONLINE PROJECTS AND PERFORMANCES. REFLECTING THE HISTORY OF TECHNOLOGICAL AND CONCEPTUAL DEVELOPMENTS IN ART SINCE THE 1960S, THE MEDIA ARTS COLLECTION AND EXHIBITION PROGRAM FEATURES LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS. BAY AREA ARTISTS ARE ONE ONGOING FOCUS OF THE COLLECTION AND PROVIDE A CONTEXT FOR UNDERSTANDING THE REGION AS A HISTORIC CENTER FOR EXPERIMENTAL MEDIA. DEPARTMENT OF CONTEMPORARY ART THE DEPARTMENT OF CONTEMPORARY ART IS THE NEWEST COLLECTING AREA AT SFMOMA, ESTABLISHED IN 2017 TO DEEPEN SFMOMA'S COMMITMENT TO EXHIBIT AND COLLECT THE ART OF OUR TIME. THE DEPARTMENT ORGANIZES TEMPORARY, TRAVELING, AND PERMANENT COLLECTION EXHIBITIONS; PERFORMANCES; AND PUBLIC PROGRAMS INCLUDING SCREENINGS AND SYMPOSIA. IT ALSO DIRECTS THE NEW WORK EXHIBITION SERIES FEATURING COMMISSIONED WORK BY LIVING ARTISTS. THE INTERNATIONAL CONTEMPORARY ACCESSIONS COMMITTEE (ICAC) IS THE NEWEST ACQUISITIONS COMMITTEE AT SFMOMA, DEDICATED TO CONTEMPORARY ART BY PRACTITIONERS FROM AROUND THE WORLD WHOSE WORKS REFLECT KEY ISSUES, MODALITIES, AND FORMAL CONCERNS OF OUR TIMES. THE ICAC COLLECTS ACROSS DISCIPLINES AND WELCOMES CO-ACQUISITIONS WITH OTHER DEPARTMENTS AND INSTITUTIONS. SINCE ITS INCEPTION IN 2018, THE ICAC HAS ACQUIRED OVER ONE HUNDRED FIFTY WORKS IN DIVERSE MEDIA RANGING FROM INSTALLATION, VIDEO, PHOTOGRAPHY, SCULPTURE, AND PAINTING BY ARTISTS BASED IN THE UNITED STATES, MEXICO, BRAZIL, VIETNAM, LEBANON, KOREA, AND ELSEWHERE. SIGNIFICANT RESEARCH AND ACQUISITIONS, INCLUDING WORKS BY ARTISTS NOT PREVIOUSLY REPRESENTED IN THE COLLECTION, CONTRIBUTE TO THE COMPLEXITY OF THE HISTORY OF ART THAT SFMOMA WILL BE ABLE TO TELL TODAY AND IN THE FUTURE.SPECIAL COLLECTIONS IN THE SFMOMA RESEARCH LIBRARYTHE SFMOMA RESEARCH LIBRARY SPECIAL COLLECTIONS INCLUDE RARE BOOKS, MAGAZINES, JOURNALS AND PRINTED EPHEMERA. THESE MATERIALS DOCUMENT THE HISTORY OF MODERN AND CONTEMPORARY ART, DESIGN AND PHOTOGRAPHY. THE SCOPE OF THE LIBRARY'S HOLDINGS MIRRORS THE SCOPE AND CHRONOLOGY OF THE MUSEUM COLLECTION, AND THE LIBRARY ALSO HOLDS A COLLECTION OF ARTISTS' BOOKS, WHICH TRACES THE HISTORY OF ARTISTS' EXPERIMENTS WITH PUBLISHING AND BOOKMAKING, PARTICULARLY FROM THE MID-TWENTIETH CENTURY UNTIL THE PRESENT. OTHER COLLECTION STRENGTHS INCLUDE HISTORIC DOCUMENTATION OF EXHIBITION-MAKING IN THE BAY AREA FROM THE EARLY TWENTIETH CENTURY, MODERN AND CONTEMPORARY PHOTOBOOKS, AND INTERNATIONAL PUBLICATIONS RELATING TO INFLUENTIAL MODERN ART AND DESIGN EXHIBITIONS AND EVENTS. THIS COLLECTION CONTAINS OVER 4,000 BOOKS, PERIODICALS AND EPHEMERA FILES.

4c	(Code: ) (Expenses $ 3,710,185 including grants of $ 0 ) (Revenue $ 240 )
	SEE SCHEDULE OEDUCATION AND COMMUNITY ENGAGEMENTEDUCATION AND COMMUNITY ENGAGEMENT AT SFMOMA STRIVES TO MAKE CONTEMPORARY ART AND CULTURE ENGAGING, RELEVANT, AND ACCESSIBLE TO AUDIENCES OF ALL AGES AND KNOWLEDGE LEVELS. TOGETHER, WE CREATE OPPORTUNITIES FOR LEARNING THAT SERVE A WIDE ARRAY OF BACKGROUNDS AND COGNITIVE STYLES; FOSTER MEANINGFUL CONVERSATIONS AND SHARED INQUIRY; DEVELOP INTERPRETIVE, TEACHING, AND SCHOLARLY RESOURCES; BUILD PARTNERSHIPS WITH COMMUNITY MEMBERS AND ORGANIZATIONS; AND MAKE SPACE FOR PLAY AND EXPERIMENTATION. MAJOR AREAS OF FOCUS INCLUDE: 1. EDUCATION: CREATES EDUCATIONAL EXPERIENCES FOR STUDENTS, FAMILIES, AND PROFESSIONAL DEVELOPMENT FOR K-12 TEACHERS, WITH AN EMPHASIS ON BAY AREA AUDIENCES. OFFERINGS INCLUDE VIRTUAL AND ON-SITE PROGRAMS SUCH AS TOURS, WORKSHOPS, FILM SCREENINGS, ARTIST-COMMISSIONED RESOURCES, AND ACCESS. 2. INTERPRETIVE MEDIA: INTERPRETIVE MULTIMEDIA MATERIALS THAT OFFER THOUGHT-PROVOKING INSIGHTS AND CREATIVE RESPONSES TO ART FROM MANY VOICES IN ORDER TO FACILITATE CONNECTIONS BETWEEN AUDIENCES, ARTWORKS AND ARTISTS. OFFERINGS INCLUDE VIDEOS, PODCASTS, AUDIO GUIDES, GAMES, AND INTERACTIVE LEARNING LOUNGES. 3. PUBLICATIONS: PRODUCE BOOKS, CATALOGUES, AND DIGITAL PUBLICATIONS THAT DOCUMENT AND PROVIDE CONTEXT FOR EXHIBITIONS AND THE MUSEUM'S COLLECTION, SHOWCASE THE SCHOLARSHIP OF OUR CURATORS, AND AIM TO REACH A WIDE RANGE OF READERS. PRODUCE IN-GALLERY INTERPRETIVE TEXTS FOR MUSEUM EXHIBITIONS AND COLLECTION INSTALLATIONS. 4. PUBLIC ENGAGEMENT: PUBLIC EVENTS FOR ADULTS THAT EXPLORE THE MEANING OF ART IN PUBLIC LIFE. THESE INCLUDE AN ARRAY OF VIRTUAL AND ON-SITE GATHERINGS, SUCH AS ARTIST TALKS, TOURS, ARTISTIC COMMISSIONS, AND PERFORMANCE AS WELL AS HIGHER EDUCATION PROGRAMS AND ACCESS. KORET EDUCATION CENTER THE KORET EDUCATION CENTER IS A 4,800 SQUARE FOOT MULTI-USE, FREE PUBLIC SPACE, ACCOMMODATING A BROAD RANGE OF ACTIVITIES, AND SERVING AS THE BASE OF OPERATIONS FOR THE EDUCATION AND COMMUNITY ENGAGEMENT DIVISION. THE SPACE IS COMPRISED OF A LARGE PUBLIC GALLERY, TWO STUDIOS, AND AN OFFICE, AND ACCOMMODATES K-12 SCHOOL VISITS, TEACHER PROFESSIONAL DEVELOPMENT, HANDS-ON ACTIVITIES FOR FAMILIES, PUBLIC PROGRAMS, COMMUNITY EXHIBITIONS AND MORE.

	(Code: ) (Expenses $ 29,987,121 including grants of $ 0 ) (Revenue $ 5,870,797 )
	ALL OTHER PROGRAM SERVICESCOLLECTORS' FORUMCOLLECTORS' FORUM IS AN ART EXPERIENCE GROUP DEDICATED TO ENCOURAGING THE COLLECTION OF MODERN AND CONTEMPORARY ART. THROUGH ANNUAL DUES, COLLECTORS' FORUM MEMBERS SUPPORT THE MUSEUM'S GENERAL OPERATING BUDGET. IN APPRECIATION OF THIS SUPPORT, COLLECTORS' FORUM MEMBERS ENJOY PROGRAMS INCLUDING IN-HOME PANEL DISCUSSIONS WITH ARTISTS AND EXPERTS IN THE FIELD, AND TRAVEL OPPORTUNITIES TO UNIQUE ART-CENTRIC DESTINATIONS WITH A FOCUS ON COLLECTION-BUILDING. SECA (SOCIETY FOR THE ENCOURAGEMENT OF CONTEMPORARY ART)SECA IS AN ART EXPERIENCE GROUP WHICH CELEBRATES THE LOCAL ART SCENE AND BUILDS COMMUNITY AMONG CREATIVES AND THE ART-CURIOUS THROUGH EDUCATIONAL AND SOCIAL PROGRAMS. SECA MEMBERS ENJOY TOURS AND TALKS AT LOCAL ARTS ORGANIZATIONS, ARTIST-RUN SPACES, AND MORE. MEMBERS ARE ALSO INVITED TO PARTICIPATE IN THE BIENNIAL SECA ART AWARD BY NOMINATING LOCAL ARTISTS FOR THIS PRESTIGIOUS AWARD AND EXHIBITION AT SFMOMA, AND VISITING THE STUDIOS OF FINALISTS TO GAIN INSIGHTS ON THEIR WORK.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 29,987,121 including grants of $ 0 ) (Revenue $ 5,870,797 )
4e	Total program service expenses73,710,207

Form 990 (2021)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

List of Attached Documents:

// Content

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment

List of Attached Documents:

// Content

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............

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 II.........

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 Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III..

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 I Click to see attachment

List of Attached Documents:

// Content

.........................

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 II Click to see attachment

List of Attached Documents:

// Content

....

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

List of Attached Documents:

// Content

..............

Yes

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 IV Click to see attachment

List of Attached Documents:

// Content

..............

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 V......

Yes

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.

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

List of Attached Documents:

// Content

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

List of Attached Documents:

// Content

.......

11b

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

List of Attached Documents:

// Content

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

List of Attached Documents:

// Content

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

11e

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

11f

Yes

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

List of Attached Documents:

// Content

......................

12a

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

List of Attached Documents:

// Content

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

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

List of Attached Documents:

// Content

14b

Yes

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 IV..... Click to see attachment

List of Attached Documents:

// Content

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

List of Attached Documents:

// Content

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

List of Attached Documents:

// Content

Yes

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

List of Attached Documents:

// Content

Yes

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

List of Attached Documents:

// Content

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

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.....

Form 990 (2021)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

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........

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

List of Attached Documents:

// Content

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

List of Attached Documents:

// Content

24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

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

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 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 ....

25a

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.......................

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III.........................

Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....

28b

A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

List of Attached Documents:

// Content

Yes

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

List of Attached Documents:

// Content

Yes

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................

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

List of Attached Documents:

// Content

Yes

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

List of Attached Documents:

// Content

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

Yes

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 ... Click to see attachment

List of Attached Documents:

// Content

35b

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

List of Attached Documents:

// Content

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

List of Attached Documents:

// Content

Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

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

Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..

397

Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Form 990 (2021)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

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 ..................

468

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.

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

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)? ..

If "Yes," enter the name of the foreign country: MediumBullet

See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

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? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

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? ....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

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? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

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

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

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

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

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.

Yes

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.

Form 990 (2021)

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

Enter the number of voting members of the governing body at the end of the tax year

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.

Enter the number of voting members included in line 1a, above, who are independent

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? .................

Yes

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? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Yes

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

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? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

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.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

Yes

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

Yes

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Describe on 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

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

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?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process on 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

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

List the states with which a copy of this Form 990 is required to be filed MediumBullet

Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

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.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

REBECCA MALKIN CHOCRON151 THIRD STREET SAN FRANCISCO,CA941033159 (415) 537-4000

Form 990 (2021)

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.

List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."

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, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

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.

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.

See the instructions for the order in which to list the persons above.

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/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) ROBERT J FISHER...................................................................... CHAIR	3.00 ................. 0.00	X	X	0	0	0
(2) DIANA NELSON...................................................................... PRESIDENT	3.00 ................. 0.00	X	X	0	0	0
(3) CHARLES M COLLINS...................................................................... VICE CHAIR	3.00 ................. 0.00	X	X	0	0	0
(4) MIMI HAAS...................................................................... VICE CHAIR	3.00 ................. 0.00	X	X	0	0	0
(5) MARYELLEN C HERRINGER...................................................................... VICE CHAIR	3.00 ................. 0.00	X	X	0	0	0
(6) DAVID MAHONEY...................................................................... SECRETARY / TREASURER	3.00 ................. 0.00	X	X	0	0	0
(7) ALKA AGRAWAL...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(8) TY AHMAD-TAYLOR...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(9) JOACHIM BECHTLE...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(10) YVES BEHAR...................................................................... TRUSTEE (THRU 5/18/23)	1.00 ................. 0.00	X		0	0	0
(11) JAMES W BREYER...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(12) DOLLY CHAMMAS...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(13) WAYEE CHU...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(14) ADAM H CLAMMER...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(15) PENNY COULTER...................................................................... TRUSTEE	1.00 ................. 0.00	X		0	0	0
(16) ROBERTA DENNING...................................................................... TRUSTEE (THRU 9/1/22)	1.00 ................. 0.00	X		0	0	0
(17) JEAN DOUGLAS...................................................................... TRUSTEE (THRU 8/30/22)	1.00 ................. 0.00	X		0	0	0

Form 990 (2021)

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/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) HARRY J JR ELAM........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(19) MJ ELMORE........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(20) ROBERT L EMERY........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(21) IVETTE CALDERA ESSERMAN........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(22) MATT FARRON........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(23) IRWIN FEDERMAN........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(24) BILL FISHER........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(25) JONATHAN GANS........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(26) KATHRYN A HALL........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(27) LUIS HERRERA........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(28) BRANDI HUDSON........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(29) DAVID HUFFMAN........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(30) ADRIANE IANN........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(31) BRADLEY JAMES........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(32) KEVIN PB JOHNSON........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(33) PAMELA JOYNER........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(34) RICHARD M KOVACEVICH........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(35) PAMELA KRAMLICH........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(36) JANET W LAMKIN........................................................................ TRUSTEE (THRU 5/18/23)	1.00 .......................0.00	X				0	0	0
(37) KEVIN MARCHETTI........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(38) DERYCK MAUGHAN........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(39) NION MCEVOY........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(40) KENNETH P MCNEELY........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(41) CHRISTOPHER MEANY........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(42) WES MITCHELL........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(43) TUCKER NICHOLS........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(44) DEBORAH NOVACK........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(45) KATIE PAIGE........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(46) GINA PETERSON........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(47) LISA S PRITZKER........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(48) BECCA PROWDA........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(49) LINNEA CONRAD ROBERTS........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(50) KATIE RODAN........................................................................ TRUSTEE (THRU 12/16/22)	1.00 .......................0.00	X				0	0	0
(51) CHARA SCHREYER........................................................................ TRUSTEE (THRU 2/27/23)	1.00 .......................0.00	X				0	0	0
(52) KOMAL SHAH........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(53) LYDIA SHORENSTEIN........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(54) GARY STEELE........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(55) ROSELYNE CHROMAN SWIG........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(56) SUSAN SWIG........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(57) BARBARA T VERMUT........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(58) JOHN WALECKA........................................................................ TRUSTEE (THRU 5/18/23)	1.00 .......................0.00	X				0	0	0
(59) CARRIE MAE WEEMS........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(60) CARLIE WILMANS........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(61) PAT WILSON........................................................................ TRUSTEE (THRU 5/18/23)	1.00 .......................0.00	X				0	0	0
(62) ROBIN M WRIGHT........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(63) SONYA YU........................................................................ TRUSTEE	1.00 .......................0.00	X				0	0	0
(64) KATIE COLENDICH........................................................................ EX-OFFICIO VOTING TRUSTEE	1.00 .......................0.00	X				0	0	0
(65) LAUREN FORD........................................................................ EX-OFFICIO VOTING TRUSTEE	1.00 .......................0.00	X				0	0	0
(66) CANDACE HUEY........................................................................ EX-OFFICIO VOTING TRUSTEE	1.00 .......................0.00	X				0	0	0
(67) VIVIENNE LIEBOWICH........................................................................ EX-OFFICIO VOTING TRUSTEE	1.00 .......................0.00	X				0	0	0
(68) DRAGANA MONSON........................................................................ EX-OFFICIO VOTING TRUSTEE	1.00 .......................0.00	X				0	0	0
(69) JULIA STEWART........................................................................ EX-OFFICIO VOTING TRUSTEE	1.00 .......................0.00	X				0	0	0
(70) JOHN WALKER........................................................................ EX-OFFICIO VOTING TRUSTEE	1.00 .......................0.00	X				0	0	0
(71) CHRISTOPHER BEDFORD........................................................................ DIRECTOR	40.00 .......................0.00		X			623,764	0	23,690
(72) ADINE VARAH........................................................................ GENERAL COUNSEL	40.00 .......................0.00		X			288,253	0	40,283
(73) REBECCA MALKIN CHOCRON........................................................................ CFO AND INTERIM COO	40.00 .......................0.00		X			277,361	0	20,693
(74) SAMANTHA LEO........................................................................ CHIEF PHILANTHROPY OFFICER	40.00 .......................0.00			X		334,467	0	16,025
(75) JANET BISHOP........................................................................ CHIEF CURATOR, PAINTING & SCULPTURE	40.00 .......................0.00			X		312,458	0	36,174
(76) DAVIDA LINDSAY-BELL........................................................................ CHIEF PEOPLE & INCLUSION OFFICER	40.00 .......................0.00			X		274,794	0	32,370
(77) TSUGUMI MAKI........................................................................ CHIEF EXHIBITS & COLLECTIONS OFFICER	40.00 .......................0.00			X		249,617	0	10,049
(78) SHEILA SHIN........................................................................ CHIEF EXPERIENCE OFFICER	40.00 .......................0.00			X		231,237	0	12,999
(79) NEAL BENEZRA........................................................................ DIRECTOR (THRU 4/1/22)	0.00 .......................0.00				X	1,766,533	0	20,954

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	4,358,484	0	213,237

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

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 ..............

Yes

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...........................

Yes

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 ........

Section B. Independent Contractors

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
UNIVERSAL PROTECTION SERVICE LP DBA ALL PO BOX 31001-2374 PASADENA,CA91110	SECURITY SERVICES	5,844,024
MICHAEL H WILLIAMS DBA MIKE WILLIAMS DRY 2223 WEST HEARN AVE SANTA ROSA,CA95407	DRYWALL WORK	1,340,765
ABM ONSITE SERVICES - WEST INC PO BOX 52609 LOS ANGELES,CA90074	ENGINEERING SERVICES	1,128,397
ABLE BUILDING MAINTENANCE CO PO BOX 884651 LOS ANGELES,CA90088	JANITORIAL SERVICES	1,097,473
EVENTS MANAGEMENT INC DBA MCCALLS CATER 1798 BRYANT STREET SAN FRANCISCO,CA94110	EVENT CATERING SERVICES	718,507
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 38

Form 990 (2021)

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

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a
b	Membership dues..		1b	5,063,519
c	Fundraising events..		1c	3,499,129
d	Related organizations		1d
e	Government grants (contributions)		1e	591,413

f	All other contributions, gifts, grants, and similar amounts not included above		1f	23,710,778

g	Noncash contributions included in lines 1a - 1f:$		1g	1,020,288

h Total. Add lines 1a-1f.......		32,864,839

		Business Code
2a	ADMISSIONS	900099	8,077,334	8,077,334
b	OTHER PROGRAMS	900099	1,903,036	1,903,036
c	TOURS AND SPECIAL EVENTS	900099	143,524	143,524
d	EXHIBITIONS	900099	62,500	62,500
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		10,186,394

3 Investment income (including dividends, interest, and othersimilar amounts) ......			9,973,855		134,530	9,839,325
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents		1,175,406	6a
b	Less: rental expenses		634,394	6b
c	Rental income or (loss)		541,012	6c
d	Net rental income or (loss).......			541,012			541,012
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		103,251,541	7a
b	Less: cost or other basis and sales expenses		100,484,033	7b
c	Gain or (loss)		2,767,508	7c
d	Net gain or (loss).........			2,767,508			2,767,508
8a	Gross income from fundraising events (not including $ 3,499,129of contributions reported on line 1c). See Part IV, line 18 ....
			8a	432,630
b	Less: direct expenses ...		8b	1,581,486
c	Net income or (loss) from fundraising events..			-1,148,856			-1,148,856
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	6,391,688
b	Less: cost of goods sold ..		10b	2,836,465
c	Net income or (loss) from sales of inventory..			3,555,223	3,262,526	292,697
Business Code			Miscellaneous Revenue
11a	PARKING GARAGE		812930	2,441,837	610,459	1,831,378
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			2,441,837
12	Total revenue. See instructions.....			61,181,812	14,059,379	2,258,605	11,998,989

Form 990 (2021)

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 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	1,651,245	591,556	688,578	371,111
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	28,661,139	20,050,984	5,340,784	3,269,371
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	1,002,419	695,467	184,138	122,814
9	Other employee benefits .......	3,382,956	2,325,320	658,539	399,097
10	Payroll taxes ...........	2,489,628	1,697,242	492,894	299,492
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	426,180	6,440	419,740
c	Accounting ...........	168,325		168,325
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17	336,206			336,206
f	Investment management fees ......	647,575	20,742	626,833
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	9,233,970	7,993,903	1,033,014	207,053
12	Advertising and promotion ....	1,599,244	1,596,430	2,114	700
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	2,195,716	2,151,163	22,301	22,252
17	Travel ............	1,194,676	854,248	72,843	267,585
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	892,455	892,455
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	12,424,450	12,121,475	151,767	151,208
23	Insurance ...	1,728,477	1,715,412	6,656	6,409
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	PURCHASE OF ARTS	7,223,940	7,223,940
b	EXHIBITIONS	4,473,138	4,473,138
c	EQUIPMENT RENTAL AND MA	3,691,918	3,452,269	23,657	215,992
d	UNRELATED BUSINESS INCO	69,799		69,799
e	All other expenses	7,877,762	5,848,023	1,305,258	724,481
25	Total functional expenses. Add lines 1 through 24e	91,371,218	73,710,207	11,267,240	6,393,771
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 if following SOP 98-2 (ASC 958-720).

Form 990 (2021)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			13,771,712	1	4,487,888
2	Savings and temporary cash investments .........			5,068,499	2	11,170,902
3	Pledges and grants receivable, net ......			4,352,930	3	4,243,975
4	Accounts receivable, net .............			1,001,809	4	440,841
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			1,024,775	8	909,376
9	Prepaid expenses and deferred charges ......			6,364,407	9	9,197,099
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	468,648,226
b	Less: accumulated depreciation	10b	118,951,827	360,836,554	10c	349,696,399
11	Investments—publicly traded securities .			400,045,619	11	409,545,870
12	Investments—other securities. See Part IV, line 11 .....			15,575,348	12	15,174,527
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			640,505	15	640,505
16	Total assets. Add lines 1 through 15 (must equal line 33)...			808,682,158	16	805,507,382

17	Accounts payable and accrued expenses .....	10,889,082	17	10,021,193
18	Grants payable ...		18
19	Deferred revenue .........	2,816,677	19	3,658,329
20	Tax-exempt bond liabilities .........	14,928,214	20	14,682,681
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	14,951,446	23	14,728,032
24	Unsecured notes and loans payable to unrelated third parties ..		24
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		25
26	Total liabilities. Add lines 17 through 25..	43,585,419	26	43,090,235

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	489,180,978	27	480,278,342
28	Net assets with donor restrictions ...........	275,915,761	28	282,138,805
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	765,096,739	32	762,417,147
33	Total liabilities and net assets/fund balances ........	808,682,158	33	805,507,382

Form 990 (2021)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

61,181,812

Total expenses (must equal Part IX, column (A), line 25) ............

91,371,218

Revenue less expenses. Subtract line 2 from line 1 ..............

-30,189,406

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

765,096,739

Net unrealized gains (losses) on investments ...............

27,509,814

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

762,417,147

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

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:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

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:

Separate basis Consolidated basis Both consolidated and separate basis

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?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

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?

Yes

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.

Yes

Form 990 (2021)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990)

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

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 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% 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.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2022

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 failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	49,258,811	36,483,696	55,866,663	47,925,102	32,864,839	222,399,111
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	49,258,811	36,483,696	55,866,663	47,925,102	32,864,839	222,399,111
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) ..						30,899,793
6	Public support. Subtract line 5 from line 4.						191,499,318

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
7	Amounts from line 4..	49,258,811	36,483,696	55,866,663	47,925,102	32,864,839	222,399,111
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	10,530,030	8,389,010	7,197,509	8,661,476	11,014,731	45,792,756
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	0	29,152	104,184	225,576	161,754	520,666
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	621,845	257,775	2,282,000	507,770	432,630	4,102,020
11	Total support. Add lines 7 through 10						272,814,553

Gross receipts from related activities, etc. (see instructions) ..................

149,758,645

First 5 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

Public support percentage for 2022 (line 6, column (f) divided by line 11, column (f)) .........

70.190 %

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

69.360 %

16a

33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

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) 2022

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(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 on 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.)..

First 5 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

Public support percentage for 2022 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2021 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2022 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2021 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2022

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

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.

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).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

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.

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.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

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.

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.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c 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).

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?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) 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.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

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.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) 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.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

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

Schedule A (Form 990) 2022

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, 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.

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.

Section C. Type II Supporting Organizations

Yes

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).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

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).

By reason of the relationship described in line 2 above, 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.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

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.

Did the activities described on line 2a, above 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.

Parent of Supported Organizations. Answer lines 3a and 3b below.

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?If "Yes" or "No", provide details in Part VI.

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.

Schedule A (Form 990) 2022

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). 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 0.015 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 0.035	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

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) 2022

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2022 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2022	(iii) Distributable Amount for 2022
1 Distributable amount for 2022 from Section C, line 6
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2022:
a From 2017.......
b From 2018.......
c From 2019.......
d From 2020.......
e From 2021.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2022 distributable amount
i Carryover from 2017 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2022 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2022 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2023. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2018.....
b Excess from 2019.....
c Excess from 2020.....
d Excess from 2021.....
e Excess from 2022.....

Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022

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, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	GROSS INCOME FROM FUNDRAISING EVENTS - 2018 AMOUNT: $ 621,845. 2019 AMOUNT: $ 257,775. 2020 AMOUNT: $ 2,282,000. 2021 AMOUNT: $ 507,770. 2022 AMOUNT: $ 432,630.

Schedule A (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Name of the organization

SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2022)

Schedule B (Form 990) (2022) Page 2

Name of organization SAN FRANCISCO MUSEUM OF MODERN ART

Part I Contributors	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	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 3

Name of organization SAN FRANCISCO MUSEUM OF MODERN ART		Employer identification number 94-1156300

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) (2022)

Schedule B (Form 990) (2022)

Page 4


Name of organization SAN FRANCISCO MUSEUM OF MODERN ART			Employer identification number 94-1156300
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on 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.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on 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 ........

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? ............

Yes No

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? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

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.


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 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

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)? .............................

Yes No

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" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB 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.

If the organization elected, as permitted under FASB 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 on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

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 FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

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) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

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):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

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?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


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

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

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" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	365,365,940	431,933,417	345,541,800	348,909,586	343,267,334
b	Contributions ...	1,898,539	6,737,770	9,602,867	3,268,146	4,056,226
c	Net investment earnings, gains, and losses	35,735,947	-52,507,487	89,271,817	7,575,317	15,403,270
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	15,743,548	20,797,760	12,483,067	14,211,249	13,817,244
f	Administrative expenses ....
g	End of year balance ......	387,256,878	365,365,940	431,933,417	345,541,800	348,909,586

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

36.229 %

Permanent endowment SchDMd Bullet

48.667 %

Term endowment SchDMd Bullet

15.104 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

Yes

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

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" on 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 .....	48,330,001		48,330,001
b	Buildings ....	394,090,717	99,584,237	294,506,480
c	Leasehold improvements
d	Equipment ....	16,324,541	12,847,434	3,477,107
e	Other .....	9,902,967	6,520,156	3,382,811
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				349,696,399

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on 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)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on 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

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
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) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
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
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
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
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
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
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

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
PART III, LINE 1A:	THE COLLECTIONS, WHICH CONSIST OF WORKS OF ART HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES, ARE ACQUIRED THROUGH PURCHASES (ACCESSIONS) OR CONTRIBUTIONS AND ARE NOT RECOGNIZED AS ASSETS IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. EACH WORK OF ART IS INVENTORIED AND CARED FOR, AND ACTIVITIES VERIFYING THE COLLECTIONS' INTEGRITY ARE PERFORMED CONTINUOUSLY. PURCHASES OF ART ARE RECORDED AS EXPENSE IN THE MUSEUM'S CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS AND AN INVESTING ACTIVITY IN THE CONSOLIDATED STATEMENT OF CASH FLOWS IN THE YEAR IN WHICH THE OBJECTS ARE ACQUIRED. CONTRIBUTED WORKS OF ART ARE NOT REFLECTED ON THE CONSOLIDATED FINANCIAL STATEMENTS.
PART III, LINE 4:	ONE OF THE MOST IMPORTANT FUNCTIONS OF A MUSEUM IS TO DEVELOP, CARE FOR, AND MAKE ACCESSIBLE TO THE PUBLIC AN OUTSTANDING COLLECTION OF WORKS OF ART, THEREBY CREATING AND OFFERING AN ARTISTIC LEGACY TO THE COMMUNITY, NATION, AND THE WORLD. SINCE 1935, SFMOMA HAS BEEN A PIONEER AMONG MODERN AND CONTEMPORARY ART MUSEUMS IN COLLECTING AND PUBLIC PROGRAMMING IN THE FIELDS OF PHOTOGRAPHY, ARCHITECTURE AND DESIGN, INSTALLATION, AND NEW MEDIA, EVEN AS IT HAS ASSEMBLED PREMIER HOLDINGS IN THE MORE TRADITIONAL MEDIA OF DRAWING, PAINTING, AND SCULPTURE. SFMOMA'S ART COLLECTION IS REGIONAL, NATIONAL, AND INTERNATIONAL IN SCOPE, AND BEGINS IN THE TWENTIETH CENTURY, WITH THE EXCEPTION OF PHOTOGRAPHY, WHICH ENCOMPASSES THE ENTIRE HISTORY OF THAT MEDIUM (1839 TO THE PRESENT). THE MUSEUM HAS MORE THAN 51,000 WORKS OF ART IN ITS COLLECTION, REFLECTING THE COLLECTING STRATEGIES OF THE MUSEUM'S CURATORIAL DEPARTMENTS AND THE RESEARCH LIBRARY.
PART V, LINE 4:	ENDOWMENT FUNDS ARE USED TO ADVANCE THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE SAN FRANCISCO MUSEUM OF MODERN ART.
PART X, LINE 2:	THE MUSEUM IS A TAX-EXEMPT CORPORATION PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODES AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED BUSINESS INCOME. MANAGEMENT EVALUATED THE MUSEUM'S TAX POSITIONS AND CONCLUDED THAT THE MUSEUM HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS.

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization
SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

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? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

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 the region	(d) Activities conducted in region (by type) (such as, 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 the region	(f) Total expenditures for and investments in the region
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	INVESTMENTS		1,120,787
	EAST ASIA AND THE PACIFIC	0	1	PROGRAM SERVICES	PROFESSIONAL SERVICES	80,400
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	19	PROGRAM SERVICES	PROFESSIONAL SERVICES	389,838
	NORTH AMERICA	0	10	PROGRAM SERVICES	PROFESSIONAL SERVICES	139,815
	RUSSIA AND NEIGHBORING STATES	0	1	PROGRAM SERVICES	PROFESSIONAL SERVICES	500
	SOUTH ASIA	0	1	PROGRAM SERVICES	PROFESSIONAL SERVICES	12,783











3a	Sub-total ....	0	32			1,744,123
b	Total from continuation sheets to Part I ...	0	0			0
c	Totals (add lines 3a and 3b)	0	32			1,744,123

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2022

Schedule F (Form 990) 2022

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on 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)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash 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 .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2022

Schedule F (Form 990) 2022Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on 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 noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2022

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2022

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
PART III ACCOUNTING METHOD:

Schedule F (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization
SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

Part I

Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

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?

YesNo

If "Yes," list the 10 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
	THE LUKENS COMPANY 2800 SHIRLINGTON ROAD SUITE 900 ARLINGTON, VA22206	MEMBERSHIP CAMPAIGNS		No	457,447	336,206	121,241









Total . . . . . . . . . . . . . . . . . . . .					457,447	336,206	121,241

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.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990) 2022

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on 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 ART BASH DINNER (event type)	(b) Event #2 FOG DESIGN & ART GALA (event type)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	2,428,535	1,503,224	3,931,759
2	Less: Contributions . . . .	2,180,055	1,319,074	3,499,129
3	Gross income (line 1 minus line 2) . . . . . .	248,480	184,150	432,630

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .
7	Food and beverages . . .	795,953	312,001	1,107,954
8	Entertainment . . . .
9	Other direct expenses . . .	244,941	228,591	473,532
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .			1,581,486
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .			-1,148,856

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990) 2022

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

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? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

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

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

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 (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

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" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on 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 .....

Yes

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 on Line 1a? ....

Yes

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.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

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.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on 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 ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2022

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 on 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, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1NEAL BENEZRA DIRECTOR (THRU 4/1/22)	(i) (ii)	360,039 ------------- 0	690,000 ------------- 0	716,494 ------------- 0	15,250 ------------- 0	5,704 ------------- 0	1,787,487 ------------- 0	316,681 ------------- 0
2CHRISTOPHER BEDFORD DIRECTOR	(i) (ii)	453,483 ------------- 0	0 ------------- 0	170,281 ------------- 0	0 ------------- 0	23,690 ------------- 0	647,454 ------------- 0	0 ------------- 0
3SAMANTHA LEO CHIEF PHILANTHROPY OFFICER	(i) (ii)	334,017 ------------- 0	0 ------------- 0	450 ------------- 0	15,250 ------------- 0	775 ------------- 0	350,492 ------------- 0	0 ------------- 0
4JANET BISHOP CHIEF CURATOR, PAINTING & SCULPTURE	(i) (ii)	311,168 ------------- 0	0 ------------- 0	1,290 ------------- 0	15,250 ------------- 0	20,924 ------------- 0	348,632 ------------- 0	0 ------------- 0
5ADINE VARAH GENERAL COUNSEL	(i) (ii)	287,587 ------------- 0	0 ------------- 0	666 ------------- 0	14,906 ------------- 0	25,377 ------------- 0	328,536 ------------- 0	0 ------------- 0
6DAVIDA LINDSAY-BELL CHIEF PEOPLE & INCLUSION OFFICER	(i) (ii)	274,378 ------------- 0	0 ------------- 0	416 ------------- 0	14,081 ------------- 0	18,289 ------------- 0	307,164 ------------- 0	0 ------------- 0
7REBECCA MALKIN CHOCRON CFO AND INTERIM COO	(i) (ii)	276,945 ------------- 0	0 ------------- 0	416 ------------- 0	14,081 ------------- 0	6,612 ------------- 0	298,054 ------------- 0	0 ------------- 0
8TSUGUMI MAKI CHIEF EXHIBITS & COLLECTIONS OFFICER	(i) (ii)	249,072 ------------- 0	0 ------------- 0	545 ------------- 0	9,368 ------------- 0	681 ------------- 0	259,666 ------------- 0	0 ------------- 0
9SHEILA SHIN CHIEF EXPERIENCE OFFICER	(i) (ii)	231,043 ------------- 0	0 ------------- 0	194 ------------- 0	8,708 ------------- 0	4,291 ------------- 0	244,236 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2022

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

PART I, LINE 1A

CHRISTOPHER BEDFORD RECEIVED FIRST-CLASS TRAVEL. CHRISTOPHER BEDFORD - $40,000 - TAXABLE HOUSING ALLOWANCE

PART I, LINES 4A-B

NEAL BENEZRA RECEIVED A SEVERANCE PAYMENT OF $202,500, AND 457(F) PLAN DISTRIBUTION OF $511,353. PART II, LINE (1): THE RETENTION PAYMENT OF $690,000 AND SEVERANCE OF $202,500 REPORTED IN PART II, COLUMN B FOR FORMER MUSEUM DIRECTOR NEAL BENEZRA WERE DESIGNED TO ADDRESS THE NEEDS OF THE MUSEUM BY ENSURING INSTITUTIONAL, PROGRAMMATIC, AND OPERATING STABILITY DURING THE CRITICAL AND EXTENDED TRANSITION PHASE THROUGH THE PROCESS OF IDENTIFYING AND HIRING A QUALIFIED NEW DIRECTOR FOLLOWING MR. BENEZRA'S 20-YEAR TERM AS THE MUSEUM'S DIRECTOR AND GIVEN CHALLENGES THE MUSEUM WAS FACING ARISING FROM THE COVID-19 GLOBAL PANDEMIC. THE COMPENSATION COMPONENT OF HIS TRANSITION ARRANGEMENT WAS DEVELOPED WITH AN INDEPENDENT EXPERT COMPENSATION CONSULTANT WITH NONPROFIT INDUSTRY EXPERTISE BASED ON MARKET COMPENSATION DATA FOR COMPARABLE ORGANIZATIONS AND DESIGNED TO ADDRESS THE MUSEUM'S PARTICULAR NEEDS AND OBJECTIVES AT THAT TIME. IN ADDITION, MR. BENEZRA'S COMPENSATION REPORTED IN PART II COLUMN B INCLUDES RETIREMENT PLAN DISTRIBUTIONS IN THE AMOUNT OF $511,353 THAT HE EARNED, TOGETHER WITH INVESTMENT EARNINGS, OVER THE FULL TERM OF HIS 20-YEAR EMPLOYMENT AT THE MUSEUM. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE MUSEUM'S EXECUTIVE DIRECTOR AND OTHER OFFICERS AND KEY EMPLOYEES IS DESIGNED TO ENSURE REASONABLE COMPENSATION IN COMPLIANCE WITH TREASURY REGULATION 53.4958-6, AND IS AS FOLLOWS: (1) INDEPENDENT MARKET COMPARABILITY DATA THE MUSEUM WORKS WITH AN INDEPENDENT OUTSIDE COMPENSATION CONSULTING FIRM TO OBTAIN ROBUST MARKET DATA TO REVIEW AND BENCHMARK THE MUSEUM'S SALARY LEVELS, INCLUDING, BUT NOT LIMITED TO, DATA REGARDING OTHER COMPARABLE ARTS AND CULTURAL INSTITUTIONS AND NONPROFITS ON A LOCAL AND NATIONAL LEVEL, AS APPROPRIATE FOR EACH PARTICULAR POSITION. IN ADDITION, THE MUSEUM PARTICIPATES IN AND USES ANNUAL SURVEY DATA FROM MULTIPLE SOURCES TO HELP DETERMINE SALARY STRUCTURES AND MEDIAN MARKET RATES FOR EACH BENCHMARKED POSITION. (2) INDEPENDENT REVIEW PROCESS THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND RECOMMENDED BY THE PEOPLE & CULTURE COMMITTEE OF THE BOARD AND REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD IN CONNECTION WITH THE EXECUTIVE DIRECTOR'S ANNUAL PERFORMANCE REVIEW. THE PEOPLE & CULTURE COMMITTEE AND THE EXECUTIVE COMMITTEE COMPRISES MEMBERS OF THE MUSEUM'S BOARD OF TRUSTEES. THE PEOPLE & CULTURE COMMITTEE IS FACILITATED BY THE CHIEF PEOPLE & INCLUSION OFFICER AND, IN CONDUCTING ITS COMPENSATION REVIEW, FOCUSES ON THE MUSEUM'S COMPENSATION PHILOSOPHY, TOTAL COMPENSATION, PERFORMANCE, RECRUITMENT AND RETENTION, THE MUSEUM'S STRATEGIC PLAN AND OTHER RELEVANT CONSIDERATIONS. CONSISTENT WITH THE MUSEUM'S CONFLICT OF INTEREST POLICY AND CODE OF ETHICS, THE MEMBERS OF BOTH COMMITTEES ARE INDEPENDENT AND MUST HAVE NO CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION BEING EVALUATED AND APPROVED. (3) CONTEMPORANEOUS DOCUMENTATION THE APPROVAL PROCESS, INCLUDING THE MARKET COMPARABILITY DATA RELIED UPON AND FACTORS CONSIDERED, IS CONTEMPORANEOUSLY DOCUMENTED AND RETAINED IN THE ORGANIZATION'S RECORDS, INCLUDING IN MINUTES OF THE MEETINGS.

Schedule J (Form 990) 2022

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Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization
SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number
94-1156300

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
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY	68-0164610		09-28-2017	15,000,000	DEBT FINANCING OF GARAGE CONSTRUCTION		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................
2 Amount of bonds legally defeased ..............
3 Total proceeds of issue ..................	15,000,000
4 Gross proceeds in reserve funds .............
5 Capitalized interest from proceeds .............
6 Proceeds in refunding escrows ...............
7 Issuance costs from proceeds ...............	147,865
8 Credit enhancement from proceeds .............
9 Working capital expenditures from proceeds .............
10 Capital expenditures from proceeds .............	14,852,135
11 Other spent proceeds .............
12 Other unspent proceeds .............
13 Year of substantial completion .............	2019
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue of tax-exempt bonds (or, if issued prior to 2020, a current refunding issue)? ........		X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2020, an advance refunding issue)? ........		X
16 Has the final allocation of proceeds been made? ..........	X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2021

Page 2

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
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............		X
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............		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?
c Are there any research agreements that may result in private business use of bond-financed property? .............		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 ....	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 .........	0 %
6 Total of lines 4 and 5 .............	0 %
7 Does the bond issue meet the private security or payment test? ...		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
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? .............
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

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
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......	X
b Exception to rebate? ........		X
c No rebate due? .........		X
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

Schedule K (Form 990) 2021

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X
b Name of provider ..........
c Term of hedge .........
d Was the hedge superintegrated? ......
e Was the hedge terminated? ........
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X
b Name of provider ..........
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
7 Has the organization established written procedures to monitor the requirements of section 148? ...	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

Part Ⅵ

Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).

Return Reference	Explanation

Schedule K (Form 990) 2021

Additional Data

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- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete 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 image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

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	1	35,000	COST OR SELLING PRICE
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	26	985,288	FMV
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 ( )
26 Other ( )
27 Other ( )
28 Other ( )

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

Yes

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 isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't 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) (2022)

Page 2

Part IISupplemental 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
PART I, COLUMN (B):	THE COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS.

Schedule M (Form 990) (2022)

Additional Data

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SCHEDULE O
(Form 990)

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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	FAMILY/BUSINESS RELATIONSHIP BETWEEN OFFICER/DIRECTOR/TRUSTEE/KEY EMPLOYEE: MIMI L. HAAS AND BECCA PROWDA - FAMILY RELATIONSHIP ROSELYNE CHROMAN SWIG AND SUSAN SWIG - FAMILY RELATIONSHIP ROBERT J. FISHER AND BILL FISHER - FAMILY RELATIONSHIP
FORM 990, PART VI, SECTION A, LINE 4	SAN FRANCISCO MUSEUM OF MODERN ART MADE THE FOLLOWING CHANGES TO ITS BYLAWS: 1. ADD THE COO POSITION AND CLARIFY COO'S ROLE/SIGNING AUTHORITY; 2. CLARIFY THE VOTING POWERS OF ARTIST TRUSTEES; 3. CLARIFY THE ROLE OF THE OFFICERS COMMITTEE; 4. CLARIFY THE EXECUTIVE COMMITTEE'S ABILITY TO TAKE ACTION WITH UNANIMOUS WRITTEN CONSENT; 5. CLARIFY THE BOARD'S AUTHORITY TO CREATE OTHER OFFICER POSITIONS; 6. CLARIFY THE DIRECTOR, CFO AND COO'S SIGNING AUTHORITY FOR RECEIVING GIFTS OF FINANCIAL ASSETS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON AUDITED FINANCIAL STATEMENTS AND WITH THE ASSISTANCE OF THE ORGANIZATION'S FINANCE AND ACCOUNTING STAFF. THE FINAL DRAFT OF THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, THE CHAIRMAN OF THE FINANCE COMMITTEE, AND THE AUDIT COMMITTEE. PAID PREPARERS PRESENTED THE 990 TO THE AUDIT COMMITTEE IN A LIVE MEETING. AUDIT COMMITTEE MEMBERS WERE GIVEN AN OPPORTUNITY TO ASK QUESTIONS.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. FOR TRUSTEES, OFFICERS, SENIOR STAFF MEMBERS, AND NON-TRUSTEE VOLUNTEER MEMBERS OF BOARD FIDUCIARY AND ACCESSIONS COMMITTEES, UNDER THE CONFLICT OF INTEREST POLICY, THE DIRECTOR'S AND GENERAL COUNSEL'S OFFICE REQUIRE COMPLETION OF AN ANNUAL DISCLOSURE FORM. THE DIRECTOR'S OFFICE IN COLLABORATION WITH THE HUMAN RESOURCES DEPARTMENT (ALSO KNOWN AS THE PEOPLE TEAM), ASSURES THAT ALL FORMS HAVE BEEN RECEIVED AND, FOLLOWING CONSULTATION WITH LEGAL COUNSEL FORWARDS THE FORMS AND CORRESPONDING DISCLOSURES TO THE ORGANIZATION'S LEGAL COUNSEL. ANY ISSUES BROUGHT UP BY THE LEGAL COUNSEL UPON HIS/HER REVIEW OF THE DISCLOSURES ARE ADDRESSED BY THE DIRECTOR AND/OR THE GENERAL COUNSEL AT THE GOVERNANCE COMMITTEE AND/OR THE EXECUTIVE COMMITTEE MEETING AS APPROPRIATE. THE CHIEF FINANCIAL OFFICER/CHIEF OPERATIONS OFFICER ALSO RECEIVES A COPY OF THE SUMMARY AND REVIEWS ALL FORMS AND IS RESPONSIBLE FOR ASSURING APPROPRIATE REPORTING TO THE EXTERNAL AUDITORS AND DISCLOSURE IN THE ANNUAL TAX FILINGS. ANY RELATED PARTY TRANSACTIONS ARE REVIEWED BY THE BOARD GOVERNANCE COMMITTEE AND THE COMMITTEE'S RECOMMENDATION ARE APPROVED OR DISAPPROVED BY THE FULL BOARD.
FORM 990, PART VI, SECTION B, LINE 15	THE PROCESS FOR DETERMINING THE COMPENSATION OF THE MUSEUM'S EXECUTIVE DIRECTOR AND OTHER OFFICERS AND KEY EMPLOYEES IS DESIGNED TO ENSURE REASONABLE COMPENSATION IN COMPLIANCE WITH TREASURY REGULATION SECTION 53.4958-6, AND IS AS FOLLOWS: (1) INDEPENDENT MARKET COMPARABILITY DATA THE MUSEUM WORKS WITH AN INDEPENDENT OUTSIDE COMPENSATION CONSULTING FIRM TO OBTAIN ROBUST MARKET DATA TO REVIEW AND BENCHMARK THE MUSEUM'S SALARY LEVELS, INCLUDING, BUT NOT LIMITED TO, DATA REGARDING OTHER COMPARABLE ARTS AND CULTURAL INSTITUTIONS AND NONPROFITS ON A LOCAL AND NATIONAL LEVEL, AS APPROPRIATE FOR EACH PARTICULAR POSITION. IN ADDITION, THE MUSEUM PARTICIPATES IN AND USES ANNUAL SURVEY DATA FROM MULTIPLE SOURCES TO HELP DETERMINE SALARY STRUCTURES AND MEDIAN MARKET RATES FOR EACH BENCHMARKED POSITION. (2) INDEPENDENT REVIEW PROCESS THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND RECOMMENDED BY THE PEOPLE & CULTURE COMMITTEE OF THE BOARD AND REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD IN CONNECTION WITH THE EXECUTIVE DIRECTOR'S ANNUAL PERFORMANCE REVIEW. THE PEOPLE & CULTURE COMMITTEE AND THE EXECUTIVE COMMITTEE COMPRISES MEMBERS OF THE MUSEUM'S BOARD OF TRUSTEES. THE PEOPLE & CULTURE COMMITTEE IS FACILITATED BY THE CHIEF PEOPLE & INCLUSION OFFICER AND, IN CONDUCTING ITS COMPENSATION REVIEW, FOCUSES ON THE MUSEUM'S COMPENSATION PHILOSOPHY, TOTAL COMPENSATION, PERFORMANCE, RECRUITMENT AND RETENTION, THE MUSEUM'S STRATEGIC PLAN AND OTHER RELEVANT CONSIDERATIONS. CONSISTENT WITH THE MUSEUM'S CONFLICT OF INTEREST POLICY AND CODE OF ETHICS, THE MEMBERS OF BOTH COMMITTEES ARE INDEPENDENT AND MUST HAVE NO CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION BEING EVALUATED AND APPROVED. (3) CONTEMPORANEOUS DOCUMENTATION THE APPROVAL PROCESS, INCLUDING THE MARKET COMPARABILITY DATA RELIED UPON AND FACTORS CONSIDERED, IS CONTEMPORANEOUSLY DOCUMENTED AND RETAINED IN THE ORGANIZATION'S RECORDS, INCLUDING IN MINUTES OF THE MEETINGS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).
FORM 990, PART IX, LINE 11G	OTHER PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 2,528,883. MANAGEMENT AND GENERAL EXPENSES 829,757. FUNDRAISING EXPENSES 169,815. TOTAL EXPENSES 3,528,455. GUARD SERVICES: PROGRAM SERVICE EXPENSES 5,465,020. MANAGEMENT AND GENERAL EXPENSES 203,257. FUNDRAISING EXPENSES 37,238. TOTAL EXPENSES 5,705,515.
ELECTION FOOTNOTE:	SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION: TAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

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SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

SAN FRANCISCO MUSEUM OF MODERN ART

Employer identification number

94-1156300

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
(1) LOWRIE AVENUE LLC 151 THIRD STREET SAN FRANCISCO,CA94103 94-1156300	TO ACQUIRE, RENOVATE AND OPERATE REAL PROPERTY FOR THE BENEFIT OF SFMOMA	CA	1,175,406	21,420,839	SAN FRANCISCO MUSEUM OF MODERN ART

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?
(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	Yes	No
(1)THE ART SUPPORTING FOUNDATION 3 LAGOON DRIVE SUITE 400 REDWOOD CITY,CA94065 94-3325776	TO HOLD AND ADMINISTER THE TRUST ASSETS FOR THE BENEFIT OF SFMOMA	CA	501(C)(3)	LINE 12A, I	SAN FRANCISCO MUSEUM OF MODERN ART	Yes
(2)THE PRENTICE AND PAUL SACK PHOTOGRAPHIC TRUST 111 PINE STREET SUITE 1600 SAN FRANCISCO,CA94111 94-3308293	TO HOLD AND ADMINISTER THE TRUST ASSETS FOR THE BENEFIT OF SFMOMA	CA	501(C)(3)	LINE 12A, I	SAN FRANCISCO MUSEUM OF MODERN ART	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

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	(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
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

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?
(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	Yes	No

Schedule R (Form 990) 2021

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

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 .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

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) 2021

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)	(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
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

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) 2021

Additional Data

Software ID:
Software Version:

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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately 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; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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) .	Yes	No
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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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 separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No