SCHEDULE O
(Form 990 or 990-EZ)

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

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
METROPOLITAN MUSEUM OF ART
 
Employer identification number

13-1624086
Return Reference Explanation
PART III MISSION AND PROGRAM SERVICE ACCOMPLISHMENTS THE METROPOLITAN MUSEUM OF ART WAS FOUNDED ON APRIL 13, 1870, WITH A STATEMENT OF PURPOSE THAT HAS GUIDED IT FOR OVER 140 YEARS: "TO BE LOCATED IN THE CITY OF NEW YORK, FOR THE PURPOSE OF ESTABLISHING AND MAINTAINING IN SAID CITY A MUSEUM AND LIBRARY OF ART, OF ENCOURAGING AND DEVELOPING THE STUDY OF THE FINE ARTS, AND THE APPLICATION OF ARTS TO MANUFACTURE AND PRACTICAL LIFE, OF ADVANCING THE GENERAL KNOWLEDGE OF KINDRED SUBJECTS, AND, TO THAT END, OF FURNISHING POPULAR INSTRUCTION." ON JANUARY 13, 2015, THE TRUSTEES OF THE METROPOLITAN MUSEUM OF ART REAFFIRMED THE ABOVE STATEMENT OF PURPOSE AND SUPPLEMENTED IT WITH THE FOLLOWING STATEMENT OF MISSION: "THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES IN ORDER TO CONNECT PEOPLE TO CREATIVITY, KNOWLEDGE, AND IDEAS." THE SAME COMMITMENT TO ART, SCHOLARSHIP, AND ACCESSIBILITY THAT MARKED OUR FOUNDING IN 1870 CONTINUES TO GUIDE US TODAY, AND OUR DEDICATION TO THAT MISSION HAS ALLOWED US TO GROW INTO AN EXCEPTIONALLY STRONG MUSEUM. THE HISTORIC ACHIEVEMENTS OF FISCAL YEAR 2016 - RECORD-BREAKING ATTENDANCE FOR THE SECOND YEAR IN A ROW, THE SUCCESSFUL LAUNCH OF THE MET BREUER, AND A DYNAMIC PROGRAM DEMONSTRATING THE RELEVANCE OF 5,000 YEARS OF ART - ARE A TESTAMENT TO THE MUSEUM'S STRENGTH.
PART III (CONTINUED) ATTENDANCE DURING FISCAL YEAR 2016, THE MUSEUM DREW 6.7 MILLION VISITORS, THE HIGHEST NUMBER SINCE WE BEGAN TRACKING ADMISSION STATISTICS MORE THAN FORTY YEARS AGO. THE TOTAL INCLUDES ATTENDANCE AT ALL THREE OF THE MUSEUMS LOCATIONS. THIS IS THE FIFTH CONSECUTIVE YEAR IN WHICH ATTENDANCE AT THE MUSEUM EXCEEDED 6 MILLION. THE INCREASE IN ATTENDANCE OVER LAST YEAR (THIS YEAR WAS 400,000 HIGHER THAN THE LAST) WAS DUE TO AN INCREASE OF APPROXIMATELY 200,000 VISITORS AT THE MET FIFTH AVENUE AND THE MET CLOISTERS COMBINED, AND ATTENDANCE OF 185,000 DURING THE INAUGURAL FOUR MONTHS AT THE MET BREUER. THE MET CONTINUES TO BE A POPULAR DESTINATION FOR LOCAL VISITORS: TWENTY-NINE PERCENT OF THE MUSEUMS VISITORS TO THE MET FIFTH AVENUE AND THE MET CLOISTERS IN FISCAL YEAR 2016 CAME FROM THE FIVE BOROUGHS OF NEW YORK CITY, WHILE FORTY PERCENT WERE FROM BOTH NEW YORK CITY AND THE TRISTATE AREA COMBINED. THE MUSEUM ALSO CONTINUES TO BE NEW YORKS MOST VISITED TOURIST ATTRACTION FOR BOTH DOMESTIC AND INTERNATIONAL AUDIENCES - IN FISCAL YEAR 2016, INTERNATIONAL VISITORS FROM ABOUT 190 COUNTRIES VISITED THE MET FIFTH AVENUE AND THE MET CLOISTERS, ACCOUNTING FOR FORTY-ONE PERCENT OF VISITORS. EXHIBITION ATTENDANCE WAS STRONG OVER THE COURSE OF THE YEAR. TWENTY-ONE OF THE EXHIBITIONS ON VIEW AT THE MET FIFTH AVENUE IN FISCAL YEAR 2016 WERE VISITED BY MORE THAN 100,000 VISITORS EACH.
PART III (CONTINUED) PROJECTS AND INITIATIVES THE OPENING OF THE MET BREUER ON MADISON AVENUE AND 75TH STREET IN MARCH 2016 MARKED THE START OF AN EXCITING NEW CHAPTER FOR BOTH THE MUSEUM AND THE CULTURAL LANDSCAPE OF NEW YORK CITY. HOUSED IN THE LANDMARK BUILDING DESIGNED BY THE RENOWNED BAUHAUS ARCHITECT MARCEL BREUER, THE MET BREUER PROGRAM INVITES VISITORS TO ENGAGE WITH THE ART OF THE TWENTIETH AND TWENTY-FIRST CENTURIES THROUGH A RANGE OF EXHIBITIONS, COMMISSIONS, PERFORMANCES, AND ARTIST RESIDENCIES, ALL UNIQUELY PRESENTED THROUGH THE GLOBAL BREADTH AND HISTORICAL REACH OF THE METS UNPARALLELED COLLECTION. THE LANDMARK BUILDING WAS RESTORED WITH BREUERS ORIGINAL VISION IN MIND UNDER THE GUIDANCE OF BEYER BLINDER BELLE ARCHITECTS & PLANNERS LLP. AS PART OF OUR EFFORT TO EXPAND THE REACH AND RELEVANCE OF THE MUSEUM TO THE BROADEST, MOST DIVERSE GLOBAL AUDIENCE, IN MARCH OF THIS YEAR WE UNVEILED A NEW VISUAL STRATEGY THAT BRINGS GREATER CLARITY AND CONSISTENCY TO THE MET EXPERIENCE AND TO COMMUNICATION ACROSS ALL OF OUR SPACES-THE MET FIFTH AVENUE, THE MET BREUER, THE MET CLOISTERS, AND ONLINE. A CULMINATION OF THE AUDIENCE ENGAGEMENT STUDY THAT WE BEGAN TWO YEARS AGO, THE NEW VISUAL STRATEGY WAS ACHIEVED THROUGH CANVASSING A BROAD SPECTRUM OF CONSTITUENTS, FROM CURATORS AND STAFF TO VISITORS, MEMBERS, COLLECTORS, AND ARTISTS. THE NEW LOOK-WHICH INCLUDES A CLEAR GRAPHIC LANGUAGE COMPRISED OF CUSTOM FONTS AND COLORS, A NEW LOGO BASED ON OUR COMMONLY USED NAME, "THE MET," A NEW MAP, AND A CLEAR, INTEGRATED PRESENTATION OF OUR PROGRAMMING ACROSS ALL PUBLIC-FACING MATERIALS-WAS CHOSEN BECAUSE IT REPRESENTS SOMETHING SIMPLE, BOLD, AND INDISPUTABLE: THE MET IS HERE FOR EVERYONE. THE PRIORITIES ESTABLISHED THROUGH THE AUDIENCE ENGAGEMENT STUDY WILL CONTINUE TO INFORM OUR WORK AS WE MOVE AHEAD, WHILE THE FORMAL NAME, THE METROPOLITAN MUSEUM OF ART, REMAINS UNCHANGED.
PART III (CONTINUED) INTERNATIONAL ACTIVITY WITH A BODY OF EVER-EXPANDING KNOWLEDGE UNDERPINNING OUR ACTIVITIES AND CREATING DIALOGUE BETWEEN DISPARATE HISTORIES AND TRADITIONS ACROSS THE AGES, THE MET IS BY NATURE A MUSEUM NOT ONLY OF THE WORLD, BUT IN THE WORLD, AND FISCAL YEAR 2016 BROUGHT PARTICULARLY MEANINGFUL DEVELOPMENTS ON THE GLOBAL FRONT. IN DECEMBER 2015, WE SIGNED A MEMORANDUM OF UNDERSTANDING WITH THE MINISTRY OF CULTURE, SPORTS, AND TOURISM OF THE REPUBLIC OF KOREA. THE LANDMARK AGREEMENT WAS ACCOMPANIED BY THE ANNOUNCEMENT OF A GIFT OF $1 MILLION FROM THE MINISTRY TO FUND INITIATIVES FOR PRESENTING KOREAN ART AT THE MET AND TO SUPPORT COLLABORATIVE SCHOLARSHIP OVER A THREE-YEAR PERIOD. ALSO IN DECEMBER, THE MET HOSTED WITH COLUMBIA UNIVERSITY AND KO UNIVERSITY A CONFERENCE IN ISTANBUL ON CULTURAL HERITAGE PRESERVATION IN SYRIA AND IRAQ. THE GATHERING ALLOWED US TO CONVENE KEY PARTICIPANTS FROM BOTH COUNTRIES WHO WOULD NOT HAVE BEEN ABLE TO GET VISAS TO THE UNITED STATES; THE MORE THAN FORTY PARTICIPANTS ALSO INCLUDED COLLEAGUES FROM TURKEY AND WESTERN EUROPE. IN APRIL 2016, THE MUSEUM HOSTED THE THIRD ANNUAL GLOBAL MUSEUM LEADERS COLLOQUIUM (GMLC), A TWO-WEEK CONFERENCE FOR MUSEUM DIRECTORS FROM AROUND THE WORLD TO EXCHANGE IDEAS ABOUT THE COMMON CHALLENGES THEY FACE AND SHARE INSIGHTS ON VARIOUS FACETS OF MUSEUM MANAGEMENT, INCLUDING CURATORIAL AND CONSERVATION WORK AS WELL AS MARKETING, DEVELOPMENT, AND DIGITAL TECHNOLOGY.
PART III (CONTINUED) COLLECTIONS AND ACQUISITIONS THE MET PRESENTS OVER 5,000 YEARS OF ART FROM AROUND THE WORLD AT ITS MAIN BUILDING ON FIFTH AVENUE, AT THE MET BREUER, AND AT THE MET CLOISTERS. THE MET HAS ALWAYS ASPIRED TO BE MORE THAN A TREASURY OF RARE AND BEAUTIFUL OBJECTS. EVERY DAY, ART COMES ALIVE IN THE MUSEUMS GALLERIES AND THROUGH ITS EXHIBITIONS AND EVENTS, REVEALING BOTH NEW IDEAS AND UNEXPECTED CONNECTIONS ACROSS TIME AND ACROSS CULTURES. OVER THE PAST YEAR, ACQUISITIONS HAVE DEEPENED AND BROADENED THE MUSEUMS COLLECTION. KEY ACQUISITIONS INCLUDED A WOODEN MASK FROM MODERN-DAY ZAMBIA MADE BY THE MBUNDA PEOPLE; AN AZTEC LABRET-A TYPE OF PLUG THAT PIERCES THE LOWER LIP AND WOULD HAVE UNDERSCORED A RULERS DIVINE AUTHORITY-A RARE EXAMPLE OF WHAT WAS ONCE A THRIVING TRADITION OF GOLDWORKING IN THE AZTEC EMPIRE; A RARE SHIRT OF MAIL AND PLATE THAT BELONGED TO AL-ASHRAF SAYF AD-DIN QAITBAY (CA. 1416/181496), THE EIGHTEENTH BURJI MAMLUK SULTAN OF EGYPT AND ONE OF ITS LONGEST REIGNING; A JEWEL-LIKE SCULPTURE MADE ON AN INTIMATE SCALE, BY MARA LUISA ROLDN, CALLED LA ROLDANA (1656-1704); A PRECIOUS "BOOK OF HOURS" (CA. 1530-35) ILLUMINATED BY SIMON BENING OF BRUGES, AN ARTIST INTERNATIONALLY RENOWNED IN HIS OWN TIME AND TO THIS DAY; AN EXTREMELY RARE GOYA PRINT, "LANDSCAPE WITH BUILDINGS AND TREES" (CA. 1800-1810), ADDING TO OUR NEARLY COMPLETE COLLECTION OF HIS PRINTS; A PROMISED GIFT OF A 1786 PAINTING, AMONG THE FINEST PORTRAITS OF THE AMERICAN REVOLUTION, BY GILBERT STUART OF JOSEPH BRANT, THE PARAMOUNT WAR CHIEF OF THE IROQUOIS NATION; AND, FOR THE COSTUME INSTITUTE, A COLLECTION OF ALMOST FORTY PIECES BY A NUMBER OF THE WORLDS MOST RENOWNED DESIGNERS.
PART III (CONTINUED) CURITORIAL, CONSERVATION, AND RESEARCH THE MUSEUMS CURATORIAL PROGRAMS ARE SUPPORTED BY NUMEROUS SERVICES AND RESOURCES. THE DEPARTMENTS OF PAINTINGS, PAPER, OBJECTS, TEXTILE, AND PHOTOGRAPHS CONSERVATION PREPARE AND REVIEW EVERY ARTWORK SELECTED FOR AN EXHIBITION OR LOAN. THE METS CONSERVATION EFFORT RANKS WITH THE BEST OF THE WORLDS MAJOR MUSEUMS. THE THOMAS J. WATSON LIBRARY HOUSES VALUABLE RESEARCH MATERIAL AVAILABLE TO THE STAFF AND PUBLIC FOR CURATORIAL, EDUCATION, AND PUBLICATION PROJECTS. IN FISCAL YEAR 2016, 10,043 VISITS WERE MADE BY OUTSIDE RESEARCHERS, AND 2,144 NEW OUTSIDE RESEARCHERS WERE REGISTERED. THE MUSEUM LIBRARIES CIRCULATED 46,160 ITEMS TO READERS. ELEVEN WEEKLY SESSIONS OF STORY TIME IN NOLEN LIBRARY REACHED OVER 17,633 CHILDREN AND THEIR CAREGIVERS. THE LIBRARY CONTINUED TO DIGITIZE RARE COLLECTION MATERIALS, BOTH PRINTED AND MANUSCRIPT, AND TO MAKE THEM AVAILABLE ONLINE, CONTINUING TO AVERAGE MORE THAN 97,000 PAGE HITS PER MONTH. THE MET CONTINUES TO BE ONE OF THE WORLDS LEADING MUSEUM PUBLISHERS, AND THIS YEARS AWARD-WINNING PROGRAM OF PRINT PUBLICATIONS PRODUCED TWENTY-ONE NEW TITLES IN FISCAL YEAR 2016, INCLUDING EXHIBITION CATALOGUES ON TOPICS RANGING FROM MIDDLE KINGDOM EGYPT TO INDIAN COURT PAINTING TO THE INFLUENCE OF TECHNOLOGY ON FASHION, AS WELL AS CATALOGUES ON THE MUSEUMS COLLECTIONS OF MUSICAL INSTRUMENTS, CLOCKS AND WATCHES, AND ISLAMIC ARMS AND ARMOR. IN ADDITION, FOURTEEN TITLES WERE TRANSLATED INTO FOREIGN LANGUAGES. ON THE MET WEBSITE, THE GROUNDBREAKING "METPUBLICATIONS," A PORTAL TO OUR COMPREHENSIVE PUBLISHING PROGRAM WITH MORE THAN 1,500 ONLINE AND PRINT PUBLICATIONS FROM THE LAST FIVE DECADES, ATTRACTED 1.4 MILLION VISITORS FROM AROUND THE WORLD.
PART III (CONTINUED) EXHIBITIONS IN THE GALLERIES THIS YEAR, WE PRESENTED MORE THAN SIXTY EXHIBITIONS, FROM SMALL FOCUSED INSTALLATIONS TO MAJOR INTERNATIONAL SHOWS, ON A RANGE OF THEMES, PERIODS, CULTURES, AND INDIVIDUAL ARTISTS. THE FOLLOWING EXHIBITIONS WERE AMONG THE HIGHLIGHTS IN FISCAL YEAR 2016: "KONGO POWER AND MAJESTY"ANCIENT EGYPT TRANSFORMED: THE MIDDLE KINGDOM"CELEBRATING THE ARTS OF JAPAN: THE MARY GRIGGS BURKE COLLECTION "MASTERPIECES OF CHINESE PAINTING FROM THE MET COLLECTION "CRIME STORIES: PHOTOGRAPHY AND FOUL PLAY""THE LUXURY OF TIME: EUROPEAN CLOCKS AND WATCHES "ARTISTIC FURNITURE OF THE GILDED AGE "THE WORLD IN PLAY: LUXURY CARDS, 1430-1540 "THE POWER OF PRINTS: THE LEGACY OF WILLIAM M. IVINS AND A. HYATT MAYOR "VIGEE LE BRUN: WOMAN ARTIST IN REVOLUTIONARY FRANCE "UNFINISHED: THOUGHTS LEFT VISIBLE "NASREEN MOHAMEDI "PERGAMON AND THE HELLENISTIC KINGDOMS OF THE ANCIENT WORLD "THE ROOF GARD COMMISSION: TRANSITIONAL OBJECT (PSYCHOBARN) "COURT AND COSMOS: THE GREAT AGE OF THE SELJUQS AND "MANUS x MACHINA: FASHION IN AN AGE OF TECHNOLOGY."
PART III (CONTINUED) EDUCATION AND CONCERTS & LECTURES IN FISCAL YEAR 2016, THE EDUCATION AND CONCERTS & LECTURES DEPARTMENT EXPANDED TO INCLUDE AUDIENCE DEVELOPMENT. THE TRANSITION HAS FOSTERED GREATER COLLABORATION AROUND THE GOAL OF ENGAGING VISITORS OF ALL AGES, BACKGROUNDS, AND INTERESTS. ALONG THE SAME LINES, THE PROCESS OF RETHINKING THE DEPARTMENTS ORGANIZATIONAL STRUCTURE BEGAN IN FISCAL YEAR 2016, WITH AN EYE TOWARD DEVELOPING AN EDUCATIONAL PHILOSOPHY AND INSTITUTIONAL VALUES THAT MAXIMIZE CREATIVE PROGRAMMING AND AUDIENCE ENGAGEMENT. IN FISCAL YEAR 2016, 31,824 EVENTS (ALMOST 3,500 MORE THAN LAST YEAR) DREW 847,429 PARTICIPANTS (COMPARED WITH 749,179 IN FISCAL YEAR 2015), REFLECTING GREATER INTEREST IN EXISTING PROGRAMS, MORE VOLUNTEER-LED TOURS AND ADULT GROUP VISITS, AND ADDITIONAL PROGRAMS AT THE NEWLY OPENED MET BREUER. OUR CONTINUED ENGAGEMENT WITH PRACTICING ARTISTS AND THE EXPLORATION OF THE CREATIVE PROCESS WAS MOST NOTABLE IN OUR TWO ARTIST RESIDENCIES. VISUAL ARTIST PETER HRISTOFF COLLABORATED ON A WIDE RANGE OF INNOVATIVE PROJECTS THROUGHOUT THE MUSEUM TO PROMOTE GREATER UNDERSTANDING OF MUSLIM CULTURE AMONG TEENS AND ADULTS. "RELATION: A PERFORMANCE RESIDENCY BY VIJAY IYER" INCLUDED A MARATHON OF PERFORMANCES FEATURING THE ARTIST ALONGSIDE A ROSTER OF MUSICIANS, POETS, VOCALISTS, AND OTHER ARTISTS. THE EVENT DREW TWELVE THOUSAND VISITORS FOR THE INAUGURATION OF THE MET BREUER. A FULL WEEKEND OF ADDITIONAL INTERACTIVE PROGRAMS AT THE MET BREUER, THE MET FIFTH AVENUE, AND THE MET CLOISTERS, ATTENDED BY MORE THAN SEVEN THOUSAND PEOPLE, ALSO MARKED THE OPENING OF THE NEW BUILDING AND REINFORCED THE IDEA OF THE MET AS ONE INSTITUTION WITH THREE ICONIC LOCATIONS. METFRIDAYS: NEW YORKS NIGHT OUT, EVENINGS OF DYNAMIC PROGRAMMING CONCEIVED AROUND A THEME, ENGAGED LOCAL RESIDENTS AND SERVED AS A PLATFORM FOR PARTNERSHIPS WITH NEW YORK CITYS CREATIVE COMMUNITIES. EVENINGS SUCH AS NOCHE EN EL MET! CELEBRATE LATIN AMERICA, FOR EXAMPLE, FOSTERED CULTURAL LEARNING AMONG ALMOST TWO THOUSAND VISITORS AND ATTRACTED A DIVERSE AUDIENCE, OF WHICH FIFTY PERCENT WERE AGED EIGHTEEN TO THIRTY-FOUR. VISITORS OF ALL AGES AND ABILITIES ENJOYED AN ENORMOUS RANGE OF PROGRAMS THROUGHOUT THE YEAR, INCLUDING LARGE-SCALE FESTIVALS SUCH AS THE LUNAR NEW YEAR AND MUSEUM MILE CELEBRATIONS, WHICH TOGETHER ATTRACTED WELL OVER NINE THOUSAND PEOPLE. FREE-WITH-ADMISSION LIVE-ARTS PERFORMANCES IN THE GALLERIES ALSO DREW LARGE NUMBERS, WITH AN INCREASE OF SIXTY-EIGHT PERCENT OVER LAST YEAR. CONTINUING EFFORTS TO ENGAGE NEW AND DIVERSE YOUTH AUDIENCES WERE AGAIN MANIFESTED IN TWO LARGE-SCALE TEENS TAKE THE MET! EVENTS, WHICH INVOLVED MORE THAN FIFTY ORGANIZATIONAL PARTNERS THAT PRESENTED A WIDE VARIETY OF ACTIVITIES: ART MAKING, MUSIC, GALLERY EXPERIENCES, INTERPRETIVE PROGRAMMING, 3-D PRINTING, DANCE CLASSES, AND MORE. THIS YEAR ALMOST EIGHT THOUSAND TEENS-THIRTY PERCENT OF WHOM HAD NEVER VISITED BEFORE-MADE THE MUSEUM THEIRS. THE MET REMAINS AN INVALUABLE RESOURCE FOR K12 TEACHERS AND THEIR STUDENTS. IN FISCAL YEAR 2016, A TOTAL OF 220,796 PEOPLE PARTICIPATED IN 6,325 GUIDED AND SELF-GUIDED SCHOOL GROUP VISITS, WHILE A TOTAL OF 3,812 TEACHERS AND SCHOOL LEADERS TOOK PART IN PROGRAMS ON INTEGRATING ART INTO CLASSROOM TEACHING.
PART III (CONTINUED) DIGITAL OUR DIGITAL PRESENCE IS AN INTEGRAL PART OF OUR WORK, AND THE GROUNDBREAKING RESOURCES IN OUR "FOURTH SPACE"-THE DIGITAL REALM-ATTRACTED GREATER NUMBERS THAN EVER BEFORE. THE MUSEUM'S WEB-SITE ENDED FISCAL YEAR 2016 WITH A TOTAL OF 32.5 MILLION VISITS, AND THE MET APP, WHICH LAUNCHED IN SEPTEMBER 2014, WAS USED NEARLY 1.9 MILLION TIMES IN ITS FIRST TWENTY-ONE MONTHS. COINCIDING WITH THE OPENING OF THE MET BREUER IN MARCH 2016, THE MUSEUM REFRESHED AND UPGRADED ITS WEBSITE AND APP, INTRODUCING NEW FEATURES AND ENHANCEMENTS THAT CREATE A MORE INTUITIVE ONLINE RESOURCE AND EXPERIENCE FOR VISITORS, BOTH REMOTELY AND WITHIN THE BUILDING. WITH HALF A MILLION PAGES ENCOMPASSING THE MUSEUMS VAST COLLECTION, HUNDREDS OF THOUSANDS OF IMAGES AVAILABLE FOR DOWNLOAD, AND THOUSANDS OF BLOG POSTS AND VIDEOS, THE WEBSITE PROVIDES NUMEROUS WAYS TO INTERACT WITH THE MET AND CURRENTLY RECEIVES ABOUT 33 MILLION VISITS PER YEAR. ONE OF ITS MOST POPULAR FEATURES, THE ONLINE PUBLICATION "HEILBRUN TIMELINE OF ART HISTORY," CONTINUED TO EXPAND IN FISCAL YEAR 2016, AND DREW THIRTY-FIVE PERCENT OF THE WEBSITE'S TOTAL USERS. ANOTHER DIGITAL ACHIEVEMENT, "THE ARTIST PROJECT," THE MUSEUM'S ONLINE SERIES IN WHICH 120 CONTEMPORARY ARTISTS RESPOND TO WORKS OF ART OR GALLERIES AT THE MUSEUM THAT SPARKED THEIR IMAGINATIONS, WAS COMPLETED IN JUNE 2016. THE NEW ONLINE FEATURE "#METKIDS" LAUNCHED IN SEPTEMBER 2016. DEVELOPED FOR SEVEN- TO TWELVE-YEAR-OLDS, IT CONNECTS USERS TO ART AND THE MUSEUMS COLLECTION THROUGH MULTIMEDIA CONTENT, FUN FACTS, PROJECT IDEAS, AND MORE. A COLLABORATION AMONG OUR EDUCATORS, CURATORS, CONSERVATORS, AND RESEARCHERS AND CHILDREN FROM ALL OVER THE WORLD, "#METKIDS" WON SEVERAL AWARDS IN FISCAL YEAR 2016, THE MUSEUMS FACEBOOK PAGE ENDED FISCAL YEAR 2016 WITH MORE THAN 1.7 MILLION FOLLOWERS (WITH A REACH OF 243 MILLION PEOPLE), AND OUR TWITTER FEED REACHED 1.5 MILLION FOLLOWERS (WITH TWEETS RECEIVING 173 MILLION IMPRESSIONS). THE METS WEBBY AWARDWINNING INSTAGRAM ACCOUNT HAD 1.4 MILLION FOLLOWERS AT THE END OF THE FISCAL YEAR. THE MUSEUMS DIGITAL AUDIENCE IS INCREASINGLY GLOBAL. IN FISCAL YEAR 2016, THIRTY-FOUR PERCENT OF WEBSITE USERS WERE INTERNATIONAL, AS WERE HIGH PERCENTAGES OF FOLLOWERS ON OUR SOCIAL MEDIA PLATFORMS-SIXTY-ONE PERCENT ON INSTAGRAM, FIFTY-THREE PERCENT ON TWITTER, AND SIXTY-NINE PERCENT ON FACEBOOK. THE MUSEUM ALSO HAS A PRESENCE ON TWO OF CHINAS LARGEST SOCIAL MEDIA NETWORKS: ITS WEIBO ACCOUNT LAUNCHED IN DECEMBER 2013 AND HAD 10 MILLION IMPRESSIONS THROUGH THE END OF FISCAL YEAR 2016, AND ITS WECHAT ACCOUNT LAUNCHED IN APRIL 2016.
PART III (CONTINUED) CAPITAL PROJECTS OUR PLANS TO DEVELOP THE SOUTHWEST WING WITH DAVID CHIPPERFIELD ARCHITECTS CONTINUE. FUNDRAISING FOR THIS PROJECT IS ONGOING, AND THE SCHEMATIC DESIGN PHASE IS EXPECTED TO BE COMPLETED IN JANUARY 2017. ON JULY 1, AFTER A YEAR OF RENOVATION, WE REOPENED TWO GALLERIES DEDICATED TO PTOLEMAIC ART, WORKS CREATED IN EGYPT BETWEEN 332 AND 30 B.C. IN THE SPRING, THE DEPARTMENT OF MUSICAL INSTRUMENTS BEGAN A YEAR-LONG REFRESHING OF ITS GALLERIES, WHICH ARE EXPECTED TO REOPEN IN SPRING 2017, AND IN MAY WE ANNOUNCED AN AMBITIOUS PROJECT TO RENOVATE TEN GALLERIES, INCLUDING THREE HISTORIC INTERIORS, DEVOTED TO BRITISH DECORATIVE ARTS AND SCULPTURE OF THE EARLY SIXTEENTH THROUGH THE NINETEENTH CENTURY. EXPECTED TO TAKE TWO YEARS BEGINNING THIS FALL, THE RENOVATION WILL RESULT IN A MORE NUANCED STORY OF THE HISTORY OF BRITISH DESIGN. THE YEARS ACCOMPLISHMENTS REFLECT OUR RESPONSIBILITY AS WE MOVE FORWARD: TO TRANSFORM AND EXPAND ACCESS TO OUR COLLECTION AND EXPERTISE IN ORDER TO CONNECT A GLOBAL COMMUNITY TO ART, INSPIRATION, AND HISTORICAL PERSPECTIVE. AS WE APPROACH OUR 150TH ANNIVERSARY, WE LOOK FORWARD TO CREATING PROGRAMS THAT ALLOW THE MAGNIFICENCE OF THE METROPOLITAN MUSEUM OF ART TO SHINE.
PART VI, LINE 1A GOVERNING BODY DELEGATED AUTHORITY IN ACCORDANCE WITH THE MUSEUM'S BY-LAWS, THE EXECUTIVE COMMITTEE HAS THE RIGHT TO EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES OTHER THAN THE POWERS TO (A) FILL VACANCIES IN THE BOARD OF TRUSTEES OR IN ANY COMMITTEE; (B) AMEND OR REPEAL THE BY-LAWS OR ADOPT NEW BY-LAWS; AND (C) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE.
PART VI, LINE 2 TWO TRUSTEES OF THE MUSEUM, HAMILTON E. JAMES AND J. TOMILSON HILL, HAVE A BUSINESS RELATIONSHIP. BOTH ARE OFFICERS OF THE BLACKSTONE GROUP.
PART VI, LINE 6 THE MUSEUM DOES NOT HAVE "MEMBERS" AS SUCH TERM IS DEFINED IN THE INSTRUCTIONS TO FORM 990. HOWEVER, THE MUSEUM USES THE TERM "MEMBERS" IN CONNECTION WITH DUES, FEES, GOODS, BENEFITS, PRIVILEGES AND SERVICES AS ESTABLISHED BY THE MUSEUM FROM TIME TO TIME.
PART VI, LINE 11B PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 THE MUSEUM'S FORM 990, INCLUDING REQUIRED SCHEDULES AND SUPPORTING DOCUMENTATION, IS INITIALLY COMPILED BY THE MUSEUM'S FINANCE DEPARTMENT PRIMARILY RELYING ON THE MUSEUM'S GENERAL LEDGER, AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL SYSTEMS. THE MUSEUM'S CHIEF FINANCIAL OFFICER, GENERAL COUNSEL, AND EXTERNAL TAX ADVISORS PARTICIPATE IN A SERIES OF DETAILED REVIEWS OF THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE MUSEUM'S SENIOR MANAGEMENT, INCLUDING THE MUSEUM'S DIRECTOR AND PRESIDENT, THE AUDIT COMMITTEE OF THE MUSEUM'S BOARD OF TRUSTEES, AND EXTERNAL LEGAL COUNSEL. A COMPLETE COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. THE MUSEUM'S EXTERNAL TAX ADVISORS FILE THE FORM 990 ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE.
PART VI, LINE 12C THE MUSEUM REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY REQUIRING ONGOING DISCLOSURE OF POTENTIAL CONFLICTS, REVIEW OF SUCH DISCLOSURES, AND RECUSAL BY CONFLICTED INDIVIDUALS WHEN WARRANTED. SPECIFICALLY, ON AN ANNUAL BASIS, THE MUSEUM SEEKS TO ENSURE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY SENDING RELEVANT WRITTEN POLICIES TO SENIOR STAFF, TRUSTEES AND ADVISORY MEMBERS OF COMMITTEES OF THE BOARD OF TRUSTEES. EACH POLICY IS SENT WITH A STATEMENT, WHICH MUST BE COMPLETED, SIGNED AND RETURNED TO THE MUSEUM'S GENERAL COUNSEL. THE STATEMENT REQUIRES EACH INDIVIDUAL TO CONFIRM THAT HE OR SHE HAS (I) RECEIVED A COPY OF THE POLICY, (II) READ AND UNDERSTOOD THE POLICY AND (III) AGREES TO COMPLY WITH THE POLICY. THE INDIVIDUAL IS ALSO ASKED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY, OR AN ENTITY IN WHICH ANY OF THEM HAVE A MATERIAL OWNERSHIP INTEREST, MAY HAVE. THE STATEMENTS ARE COMPLETED AND RETURNED TO THE GENERAL COUNSEL'S OFFICE. WHEN POTENTIAL CONFLICTS ARISE, THEY ARE INITIALLY EVALUATED BY THE GENERAL COUNSEL WITH THE ASSISTANCE OF OUTSIDE LEGAL COUNSEL IF NECESSARY. ACTUAL CONFLICTS OF INTEREST ARE RESOLVED IN CONSULTATION WITH THE MUSEUM'S DIRECTOR AND PRESIDENT (FOR STAFF) AND THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE LEGAL COMMITTEE OF THE MUSEUM'S BOARD (FOR TRUSTEES,INCLUDING THE DIRECTOR AND THE PRESIDENT). IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY THE TRUSTEES IS PRESENTED TO THE AUDIT COMMITTEE EACH YEAR. A SUMMARY OF THE POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY SENIOR STAFF IS PRESENTED TO THE DIRECTOR AND PRESIDENT EACH YEAR.
PART VI, LINES 15A AND 15B COMPENSATION REVIEW THE COMPENSATION COMMITTEE ("THE COMMITTEE") OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF COMPENSATION AND BENEFITS PROGRAMS FOR THE MUSEUM'S OFFICERS, AND FOR ENSURING THAT THE COMPENSATION POLICIES OF THE MUSEUM ARE CONSISTENT WITH AND IN SUPPORT OF THE MUSEUM'S MISSION, VALUES AND LONG-TERM GOALS. THE INTENT OF THE COMMITTEE IS TO PROVIDE A TOTAL COMPENSATION PROGRAM FOR THE OFFICERS THAT PROMOTES THE MUSEUM'S LONG-TERM OBJECTIVES, AND IS REASONABLE, APPROPRIATE AND FAIR. ANNUALLY, AN INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE REVIEWS THE TOTAL COMPENSATION OF EACH OFFICER OF THE MUSEUM. THE INDEPENDENT COMPENSATION CONSULTANT MAKES RECOMMENDATIONS WITH RESPECT TO THE TOTAL COMPENSATION OF EACH OFFICER, AND THE COMMITTEE APPROVES THE COMPENSATION. COMPENSATION DECISIONS ARE MADE WITH REFERENCE TO COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE ROLES AT SIMILARLY SITUATED ORGANIZATIONS PRESENTED BY THE INDEPENDENT COMPENSATION CONSULTANT. THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE ALSO CONSIDER OTHER RELEVANT FACTORS IN DETERMINING COMPENSATION, INCLUDING THE MUSEUM'S MISSION AND GOALS, THE PERFORMANCE OF EACH OFFICER, AND THE MARKET FOR EXECUTIVE TALENT. THE COMMITTEE COMPLIES WITH THE "REBUTTABLE PRESUMPTION" PROCEDURES FOR DETERMINING THAT COMPENSATION IS REASONABLE UNDER INTERNAL REVENUE CODE SECTION 4958. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES.
PART VI, LINE 19 PUBLIC AVAILABILITY THE MUSEUM'S AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE MUSEUM'S ANNUAL REPORT, WHICH IS MADE AVAILABLE TO THE PUBLIC ON THE MUSEUM'S WEBSITE. THE MUSEUM MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDES THE FOLLOWING: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (163,729) UNREALIZED GAINS ON 2015 BOND PROCEED (3,777,094) NET RECLASSIFICATIONS, FEES, AND OTHER (94,999) PENSION - RELATED CHANGES OTHER THAN NPPC (51,089,731) CHANGE IN FAIR VALUE OF INTEREST RATE EXCHANGE AGREEMENTS (16,491,674) PARTNERSHIP UBIT 9,486,366 ---------------- TOTAL (62,130,861)
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


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