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ObjectId: 201531359349303313 - Submission: 2015-05-15
TIN: 13-1624100
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
Attach to Form 990.
See separate instructions.
Information about Schedule D (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
13
Open to Public Inspection
Name of the organization
MUSEUM OF MODERN ART
Employer identification number
13-1624100
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts.
Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a)
Donor advised funds
(b)
Funds and other accounts
1
Total number at end of year
.........
2
Aggregate contributions to (during year)
...
3
Aggregate grants from (during year)
.....
4
Aggregate value at end of year
........
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control?
............
Yes
No
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit?
...................................
Yes
No
Part II
Conservation Easements.
Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
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
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a
Total number of conservation easements
.......................
2a
b
Total acreage restricted by conservation easements
..................
2b
c
Number of conservation easements on a certified historic structure included in (a)
.....
2c
d
Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register
....................
2d
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year
4
Number of states where property subject to conservation easement is located
5
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
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
$
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)?
.......................................
Yes
No
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1
........................
$
(ii)
Assets included in Form 990, Part X
..............................
$
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1
..........................
$
0
b
Assets included in Form 990, Part X
...............................
$
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2013
Page 2
Schedule D (Form 990) 2013
Page
2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets
(continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
Public exhibition
d
Loan or exchange programs
b
Scholarly research
e
Other
c
Preservation for future generations
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?
........
Yes
No
Part IV
Escrow and Custodial Arrangements.
Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X?
....................................
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
2a
Did the organization include an amount on Form 990, Part X, line 21?
.....................
Yes
No
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII
........
Part V
Endowment Funds.
Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)
Current year
(b)
Prior year
b (c)
Two years back
(d)
Three years back
(e)
Four years back
1a
Beginning of year balance
....
459,691,000
438,939,000
429,992,000
356,715,000
324,195,000
b
Contributions
........
70,582,000
37,247,000
41,254,000
48,006,000
34,778,000
c
Net investment earnings, gains, and losses
37,563,000
30,123,000
-2,947,000
23,497,000
16,174,000
d
Grants or scholarships
.....
0
0
0
0
0
e
Other expenditures for facilities
and programs
........
25,372,000
46,618,000
29,360,000
-1,774,000
18,432,000
f
Administrative expenses
....
0
0
0
0
0
g
End of year balance
......
542,464,000
459,691,000
438,939,000
429,992,000
356,715,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment
6 %
b
Permanent endowment
45 %
c
Temporarily restricted endowment
49 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:
Yes
No
(i)
unrelated organizations
........................
3a(i)
No
(ii)
related organizations
........................
3a(ii)
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R?
.........
3b
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a.
See Form 990, Part X, line 10.
Description of property
(a)
Cost or other basis (investment)
(b)
Cost or other basis (other)
(c)
Accumulated depreciation
(d)
Book value
1a
Land
.................
0
91,352,129
91,352,129
b
Buildings
................
0
537,038,899
215,404,589
321,634,310
c
Leasehold improvements
............
0
4,427,316
4,325,615
101,701
d
Equipment
................
0
81,667,001
74,549,810
7,117,191
e
Other
.................
0
70,604,786
0
70,604,786
Total.
Add lines 1a through 1e.
(Column (d) must equal Form 990, Part X, column (B), line 10(c).)
.......
490,810,117
Schedule D (Form 990) 2013
Page 3
Schedule D (Form 990) 2013
Page
3
Part VII
InvestmentsOther Securities.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b.
See Form 990, Part X, line 12.
(a)
Description of security or category
(including name of security)
(b)
Book value
(c)
Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
Credit
81,161,586
F
(B)
Private Equity
80,983,384
F
(C)
Multi-Strategy & Other
76,611,203
F
(D)
Event Driven
36,586,843
F
(E)
Equity Long/Short
21,241,958
F
(F)
Real Assets
8,944,010
F
(G)
Fixed Income
93,990
F
Total.
(Column (b) must equal Form 990, Part X, col. (B) line 12.)
305,622,974
Part VIII
InvestmentsProgram Related.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c.
See Form 990, Part X, line 13.
(a)
Description of investment
(b)
Book value
(c)
Method of valuation:
Cost or end-of-year market value
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 13.)
Part IX
Other Assets.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d.
See Form 990, Part X, line 15.
(a)
Description
(b)
Book value
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 15.)
...........
Part X
Other Liabilities.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f.
See Form 990, Part X, line 25.
1.
(a)
Description of liability
(b)
Book value
Federal income taxes
0
Pension
49,854,086
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 25.)
49,854,086
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) 2013
Page 4
Schedule D (Form 990) 2013
Page
4
Part XI
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1
Total revenue, gains, and other support per audited financial statements
.......
1
372,229,000
2
Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a
Net unrealized gains on investments
..........
2a
25,753,246
b
Donated services and use of facilities
.........
2b
0
c
Recoveries of prior year grants
...........
2c
0
d
Other (Describe in Part XIII.)
............
2d
-2,168,273
e
Add lines
2a
through
2d
.....................
2e
23,584,973
3
Subtract line
2e
from line
1
.....................
3
348,644,027
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
8,830,824
b
Other (Describe in Part XIII.)
...........
4b
-36,191,625
c
Add lines
4a
and
4b
.......................
4c
-27,360,801
5
Total revenue. Add lines
3
and
4c.
(This must equal Form 990, Part I, line 12.)
......
5
321,283,226
Part XII
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1
Total expenses and losses per audited financial statements
...........
1
248,382,000
2
Amounts included on line 1 but not on Form 990, Part IX, line 25:
a
Donated services and use of facilities
..........
2a
0
b
Prior year adjustments
..............
2b
0
c
Other losses
................
2c
0
d
Other (Describe in Part XIII.)
............
2d
11,554,193
e
Add lines
2a
through
2d
......................
2e
11,554,193
3
Subtract line
2e
from line
1
.....................
3
236,827,807
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
8,830,824
b
Other (Describe in Part XIII.)
............
4b
-21,538,375
c
Add lines
4a
and
4b
.......................
4c
-12,707,551
5
Total expenses. Add lines
3
and
4c.
(This must equal Form 990, Part I, line 18.)
......
5
224,120,256
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference
Explanation
Schedule D, Part III, Line 1
The Museum's collections, acquired through purchase and contributions, are not recognized as assets on the consolidated statements of financial position. Purchases of collection items are recorded in the year in which the items were acquired as decreases in unrestricted net assets. Contributed collection items are not reflected in the consolidated financial statements. Proceeds from deaccessions, which are reflected as increases in temporarily restricted net assets, are used exclusively to acquire other items for the collection.
Schedule D, Part III, Line 4
The Museum is chartered as an educational institution whose collection of modern and contemporary art is made available to its members and the public to encourage an ever-deeper understanding and enjoyment of such art by the diverse local, national, and international audiences that it serves. In pursuit of this goal, the Museum has collected over 175,000 works of painting, sculpture, drawing, printmaking, photography, film, performance, media, architecture, and industrial and graphic design. Through the leadership of its Board of Trustees and staff, the Museum strives to establish, reserve, and document a permanent collection of the highest order that reflects the vitality, complexity and unfolding patterns of modern and contemporary art; present exhibitions and educational programs of unparalleled significance; sustain a library, archives and conservation laboratory that are recognized as international centers of research; and support scholarship and publications of preeminent intellectual merit.
Schedule D, Part V, Line 4
The Museum's endowment funds consist of approximately 150 individual funds established for a variety of purposes, including art acquisitions, exhibitions, publications, educational and operating support. Its endowment includes both donor restricted endowment funds and funds designated by the Board to function as endowments. As required by Generally Accepted Accounting Principles, net assets associated with endowments funds, including funds designated by the board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The long term focus of the Museum's investment portfolio is to support the Museum's mission by providing a reliable source of funds for current and future use.
Schedule D, Part XI, Line 2d
Primarily defined benefit plan changes other than net periodic benefit costs $2,168,273.
Schedule D, Part XI, Line 4b
Primarily consists of cost of goods sold on retail operations ($25,902,246), amounts related to special events, rentals and exhibitions $1,388,867, interest income related to sale of development rights $3,020,000 and related organizations that file separate returns ($14,653,119).
Schedule D, Part XII, Line 2d
Primarily change in swap valuation $358,587, and related organizations which file a separate return ($11,912,780).
Schedule D, Part XII, Line 4b
Primarily consists of cost of goods sold on retail operations ($25,902,246), amounts related to special events, rentals and exhibitions $1,623,834, interest income related to development rights $3,020,000 and rental expenses ($234,967).
Schedule D (Form 990) 2013
Additional Data
Software ID:
13000241
Software Version:
v1.00