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ObjectId: 201741319349305654 - Submission: 2017-05-11
TIN: 13-1624100
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Information about Schedule J (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
15
Open to Public Inspection
Name of the organization
MUSEUM OF MODERN ART
Employer identification number
13-1624100
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed 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)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
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:
a
Receive a severance payment or change-of-control payment?
................
4a
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
...........................
5a
No
b
Any related organization?
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
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:
a
The organization?
6a
No
b
Any related organization?
.........................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported 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
.............................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015
Page 2
Schedule J (Form 990) 2015
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 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column(B) reported as deferred on prior Form 990
(i)
Base compensation
(ii)
Bonus & incentive compensation
(iii)
Other reportable compensation
1
Glenn D Lowry
Director/Ex-Officio Trustee
(i)
(ii)
820,069
-------------
0
381,924
-------------
0
12,636
-------------
0
633,228
-------------
0
351,047
-------------
0
2,198,904
-------------
0
0
-------------
0
2
James Gara
Chief Operating Officer/Assistant Treasurer
(i)
(ii)
481,857
-------------
0
518,446
-------------
0
20,772
-------------
0
435,097
-------------
0
30,498
-------------
0
1,486,670
-------------
0
518,446
-------------
0
3
Patty Lipshutz
General Counsel/Secretary
(i)
(ii)
396,176
-------------
0
0
-------------
0
20,772
-------------
0
144,092
-------------
0
31,047
-------------
0
592,087
-------------
0
0
-------------
0
4
Frank Ahimaz
Chief Investment Officer
(i)
(ii)
555,284
-------------
0
310,328
-------------
0
18,130
-------------
0
369,454
-------------
0
25,693
-------------
0
1,278,889
-------------
0
310,328
-------------
0
5
Kathy Halbreich
Associate Director
(i)
(ii)
443,855
-------------
0
0
-------------
0
20,285
-------------
0
66,935
-------------
0
14,042
-------------
0
545,117
-------------
0
0
-------------
0
6
Todd Bishop
Senior Deputy Director of External Affairs
(i)
(ii)
359,166
-------------
0
50,000
-------------
0
18,464
-------------
0
140,933
-------------
0
25,704
-------------
0
594,267
-------------
0
50,000
-------------
0
7
Peter Reed
Senior Deputy Director for Curatorial Affairs
(i)
(ii)
372,981
-------------
0
0
-------------
0
2,578
-------------
0
123,721
-------------
0
27,096
-------------
0
526,376
-------------
0
0
-------------
0
8
Ramona Bannayan
Senior Deputy Director for Exhibitions
(i)
(ii)
323,807
-------------
0
0
-------------
0
773
-------------
0
37,277
-------------
0
31,909
-------------
0
393,766
-------------
0
0
-------------
0
9
Jan Postma
Chief Financial Officer
(i)
(ii)
325,684
-------------
0
0
-------------
0
313
-------------
0
18,333
-------------
0
37,272
-------------
0
381,602
-------------
0
0
-------------
0
10
Ann Temkin
Chief Curator - Painting and Sculpture
(i)
(ii)
297,896
-------------
0
0
-------------
0
19,320
-------------
0
53,230
-------------
0
25,707
-------------
0
396,153
-------------
0
0
-------------
0
11
Klaus Biesenbach
Chief Curator at Large
(i)
(ii)
0
-------------
516,629
0
-------------
0
0
-------------
630
0
-------------
30,000
0
-------------
2,602
0
-------------
549,861
0
-------------
0
12
Tunji Adeniji
Director of Facilities and Security
(i)
(ii)
243,021
-------------
0
0
-------------
0
18,595
-------------
0
15,900
-------------
0
14,416
-------------
0
291,932
-------------
0
0
-------------
0
13
Rajendra Roy
Chief Curator - Film
(i)
(ii)
276,016
-------------
0
0
-------------
0
251
-------------
0
26,206
-------------
0
31,509
-------------
0
333,982
-------------
0
0
-------------
0
14
Christophe Cherix
Chief Curator - Prints & Illustrated Books
(i)
(ii)
306,719
-------------
0
0
-------------
0
5,662
-------------
0
31,113
-------------
0
28,113
-------------
0
371,607
-------------
0
0
-------------
0
15
Quentin Bajac
Chief Curator - Photography
(i)
(ii)
259,047
-------------
0
0
-------------
0
555
-------------
0
0
-------------
0
19,377
-------------
0
278,979
-------------
0
0
-------------
0
16
Stuart Comer
Chief Curator-Media & Performance Art
(i)
(ii)
235,894
-------------
0
0
-------------
0
323
-------------
0
0
-------------
0
15,204
-------------
0
251,421
-------------
0
0
-------------
0
17
Martino Stierli
Chief Curator - Architecture and Design started 3/2015
(i)
(ii)
221,275
-------------
0
0
-------------
0
166
-------------
0
0
-------------
0
13,175
-------------
0
234,616
-------------
0
0
-------------
0
18
Anthony Wai
Director of Investments
(i)
(ii)
296,231
-------------
0
100,000
-------------
0
378
-------------
0
208,900
-------------
0
19,885
-------------
0
625,394
-------------
0
100,000
-------------
0
19
Thomas Randon
General Mgr - Retail
(i)
(ii)
308,963
-------------
0
100,000
-------------
0
17,570
-------------
0
10,788
-------------
0
15,392
-------------
0
452,713
-------------
0
-------------
0
20
Jean Savinsky
Dir. Real Estate Expansion
(i)
(ii)
347,641
-------------
0
50,000
-------------
0
966
-------------
0
57,437
-------------
0
19,997
-------------
0
476,041
-------------
0
0
-------------
0
21
Ruth Shapiro
Director, Business Development
(i)
(ii)
241,666
-------------
0
25,000
-------------
0
1,618
-------------
0
121,799
-------------
0
34,710
-------------
0
424,793
-------------
0
0
-------------
0
22
Christopher Hudson
Publisher
(i)
(ii)
311,433
-------------
0
0
-------------
0
19,804
-------------
0
68,179
-------------
0
19,467
-------------
0
418,883
-------------
0
0
-------------
0
Schedule J (Form 990) 2015
Page 3
Schedule J (Form 990) 2015
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
Schedule J, Part I, Line 1a
As a condition of employment, the Museum requires the Director to reside in the Museum's apartment on the premises in Museum Tower in furtherance of the Museum's operations and mission and for the convenience of the Museum. Health club membership dues of the Director are paid for by the Museum and included in the Director's compensation.
Schedule J, Part I, Line 4
Commencing with Fiscal Year 2014 and included in column B for Glenn Lowry, Director, is an accrual of $560,261, for a multi-year supplemental employee retirement plan.
Schedule J, Part I, Line 7
Glenn Lowry - Director Full-time employee, officer and ex-officio trustee. In 2016 Glenn Lowry earned $820,069 in base compensation as well as (ii) an annual bonus of $381,924 included in column B. These numbers compare to $828,710 and $370,800 in 2015. Commencing with Fiscal Year 2014 and included in column C, is an accrual of $560,261, for a multi-year supplemental employee retirement plan. The cumulative accrual through June 30, 2016 for Fiscal Year 2014, 2015 and 2016 is $1,680,783. James Gara - Chief Operating Officer and Assistant Treasurer Full-time employee and officer, but not a trustee. Included in column B(ii), are amounts attributable to earned and paid portions of a performance-based bonus. The performance bonus was awarded based on the achievement by Mr. Gara of certain service and performance requirements in areas such as in operations and investments. Patty Lipshutz - General Counsel and Secretary Full-time employee and officer but not a trustee. Frank Ahimaz - Chief Investment Officer Full-time employee but not Trustee. Eligible for retention and annual bonus based on achievement of performance measures. An annual performance bonus plan was paid in 2015 and is included in compensation. Anthony Wai - Director of Investments Full-time employee but not Trustee. Eligible for retention and annual bonus based on achievement of performance measures. An annual performance bonus was paid in 2015 and is included in compensation. Todd Bishop - Senior Deputy Director - External Affairs Full-time employee but not Trustee. Included in column (B)(ii) is a performance bonus. A portion of the performance bonus plan was paid in 2015 and is included in compensation. The plan was subject to the achievement of service and performance requirements. Klaus Biesenbach - Director of MoMA PS1 Biesenbach receives compensation from MoMA PS1. He also serves as MoMA's Chief Curator at Large.
Schedule J (Form 990) 2015
Additional Data
Software ID:
15000352
Software Version:
v1.00