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Nonprofiteer
← MUSEUM OF MODERN ART

Form 990 for tax year 2023

Filed by MUSEUM OF MODERN ART.

Totals

Total revenue
$324,739,622
Total expenses
$298,973,874
Contributions and grants received
$122,024,717
Grants paid
$2,086,820
Program services expenses (Part IX)
$216,899,834
Management and general expenses
$67,939,461
Fundraising expenses
$14,134,579
Program service expenses (Part III)
$216,899,834

Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Ronald S Lauder

    Honorary Chair/Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Jerry I Speyer

    Chairman Emeritus/Trustee

    Total calculated
    $0
    Hours/week
    1

  • Agnes Gund

    President Emerita/Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Marie-Josee Kravis

    Chair/Trustee

    Total calculated
    $0
    Hours/week
    5

  • Maja Oeri

    Vice Chair/Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ronnie Heyman

    President/Trustee

    Total calculated
    $0
    Hours/week
    5

  • Sid R Bass

    Vice Chairman/Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mimi Haas

    Vice Chair/Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marlene Hess

    Vice Chair/Trustee

    Total calculated
    $0
    Hours/week
    1

  • Edgar Wachenheim III

    Treasurer/Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sarah Arison

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alexandre Arnault

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott Belsky

    Trustee (Beg 12/23)

    Total calculated
    $0
    Hours/week
    1

  • Lawrence B Benenson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Booth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Leon D Black

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Clarissa Alcock Bronfman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Patricia Phelps de Cisneros

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Edith Cooper

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paula Crown

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steven Cohen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Dechman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anne Dias Griffin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Glenn Dubin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lonti Ebers

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joel S Ehrenkranz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Elkann

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Laurence D Fink

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Glenn Fuhrman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Fuld

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • AC Hudgins

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara Jakobson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Pamela Joyner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jill Kraus

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Khalil Gibran Muhammad

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Philip S Niarchos

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James G Niven

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter Norton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel S Och

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eyal Ofer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael S Ovitz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sharon Percy Rockefeller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Emily Rauh Pulitzer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard Roth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard E Salomon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anna Marie Shapiro

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anna Deavere Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Soros

    Trustee (Beg 06/24)

    Total calculated
    $0
    Hours/week
    1

  • Jon Stryker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel Sundheim

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tony Tamer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Tananbaum

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alice M Tisch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Xin Zhang

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wallis Annenberg

    Life Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • David Rockefeller Jr

    Life Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Glenn D Lowry

    Director/Ex-Officio Trustee

    Total calculated
    $2,354,706
    From this org
    $1,609,386
    From related orgs
    $0
    Other
    $745,320
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,064,467
    Bonus
    $541,719
    Other
    $3,200
    Deferred
    $380,205
    Nontaxable benefits
    $365,115
    Filer's total
    $2,354,706

  • James Gara

    COO/Assistant Treasurer

    Total calculated
    $1,128,299
    From this org
    $957,123
    From related orgs
    $0
    Other
    $171,176
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $581,423
    Bonus
    $350,000
    Other
    $25,700
    Deferred
    $127,111
    Nontaxable benefits
    $44,065
    Filer's total
    $1,128,299

  • James Grooms

    General Counsel/Secretary

    Total calculated
    $652,470
    From this org
    $606,707
    From related orgs
    $0
    Other
    $45,763
    Hours/week
    50 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $585,401
    Bonus
    $0
    Other
    $21,306
    Deferred
    $19,800
    Nontaxable benefits
    $25,963
    Filer's total
    $652,470

  • Lou-Alan Fernandes

    Chief Investment Officer (Beg 01/23)

    Total calculated
    $1,535,807
    From this org
    $1,490,907
    From related orgs
    $0
    Other
    $44,900
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $990,326
    Bonus
    $500,000
    Other
    $581
    Deferred
    $0
    Nontaxable benefits
    $44,900
    Filer's total
    $1,535,807

  • Beverly Morgan-Welch

    Sr. Deputy Dr of External Affairs

    Total calculated
    $746,625
    From this org
    $697,838
    From related orgs
    $0
    Other
    $48,787
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $459,130
    Bonus
    $212,500
    Other
    $26,208
    Deferred
    $19,800
    Nontaxable benefits
    $28,987
    Filer's total
    $746,625

  • Sarah Suzuki

    Associate Museum Director

    Total calculated
    $610,191
    From this org
    $498,786
    From related orgs
    $0
    Other
    $111,405
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $475,656
    Bonus
    $0
    Other
    $23,130
    Deferred
    $77,858
    Nontaxable benefits
    $33,547
    Filer's total
    $610,191

  • Ann Temkin

    Chief Curator-Painting & Sculpture

    Total calculated
    $606,848
    From this org
    $440,892
    From related orgs
    $0
    Other
    $165,956
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $438,120
    Bonus
    $0
    Other
    $2,772
    Deferred
    $120,365
    Nontaxable benefits
    $45,591
    Filer's total
    $606,848

  • Roxana Marcoci

    Senior Curator- Photography

    Total calculated
    $583,178
    From this org
    $328,850
    From related orgs
    $0
    Other
    $254,328
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $326,460
    Bonus
    $0
    Other
    $2,390
    Deferred
    $213,836
    Nontaxable benefits
    $40,492
    Filer's total
    $583,178

  • Christophe Cherix

    Chief Curator - Drawings and Prints

    Total calculated
    $542,504
    From this org
    $433,149
    From related orgs
    $0
    Other
    $109,355
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $419,183
    Bonus
    $0
    Other
    $13,966
    Deferred
    $61,425
    Nontaxable benefits
    $47,930
    Filer's total
    $542,504

  • Jan Postma

    Chief Financial Officer

    Total calculated
    $533,779
    From this org
    $444,500
    From related orgs
    $0
    Other
    $89,279
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $443,870
    Bonus
    $0
    Other
    $630
    Deferred
    $44,546
    Nontaxable benefits
    $44,733
    Filer's total
    $533,779

  • Rajendra Roy

    Chief Curator - Film

    Total calculated
    $492,935
    From this org
    $401,432
    From related orgs
    $0
    Other
    $91,503
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $400,470
    Bonus
    $0
    Other
    $962
    Deferred
    $51,012
    Nontaxable benefits
    $40,491
    Filer's total
    $492,935

  • Odessa Matsubara

    Chief Human Resources Officer

    Total calculated
    $482,695
    From this org
    $419,141
    From related orgs
    $0
    Other
    $63,554
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $407,847
    Bonus
    $0
    Other
    $11,294
    Deferred
    $19,327
    Nontaxable benefits
    $44,227
    Filer's total
    $482,695

  • Christy Thompson

    Sr. Deputy Dr of Exhibit. & Collect.

    Total calculated
    $478,931
    From this org
    $414,903
    From related orgs
    $0
    Other
    $64,028
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $413,937
    Bonus
    $0
    Other
    $966
    Deferred
    $19,800
    Nontaxable benefits
    $44,228
    Filer's total
    $478,931

  • Tunji Adeniji

    Chief Facilities and Safety Officer

    Total calculated
    $418,381
    From this org
    $368,404
    From related orgs
    $0
    Other
    $49,977
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $343,359
    Bonus
    $0
    Other
    $25,045
    Deferred
    $22,500
    Nontaxable benefits
    $27,477
    Filer's total
    $418,381

  • Stuart Comer

    Chief Curator - Media & Perf. Art

    Total calculated
    $374,541
    From this org
    $336,673
    From related orgs
    $0
    Other
    $37,868
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $335,174
    Bonus
    $0
    Other
    $1,499
    Deferred
    $10,215
    Nontaxable benefits
    $27,653
    Filer's total
    $374,541

  • Martino Stierli

    Chief Curator - Arch. and Design

    Total calculated
    $363,957
    From this org
    $306,496
    From related orgs
    $0
    Other
    $57,461
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $283,518
    Bonus
    $0
    Other
    $22,978
    Deferred
    $18,959
    Nontaxable benefits
    $38,502
    Filer's total
    $363,957

  • Michelle Kuo - Chief Curator

    at Large & Publisher (Beg 01/24)

    Total calculated
    $278,140
    From this org
    $225,421
    From related orgs
    $0
    Other
    $52,719
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $195,146
    Bonus
    $30,000
    Other
    $275
    Deferred
    $12,185
    Nontaxable benefits
    $40,534
    Filer's total
    $278,140

  • Gabriel Morrow

    Managing Director, Investments

    Total calculated
    $732,924
    From this org
    $634,137
    From related orgs
    $0
    Other
    $98,787
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $436,007
    Bonus
    $175,000
    Other
    $23,130
    Deferred
    $69,800
    Nontaxable benefits
    $28,987
    Filer's total
    $732,924

  • Jean Savitsky

    Dir. Real Estate and Construction

    Total calculated
    $598,996
    From this org
    $541,755
    From related orgs
    $0
    Other
    $57,241
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $438,983
    Bonus
    $100,000
    Other
    $2,772
    Deferred
    $19,800
    Nontaxable benefits
    $37,441
    Filer's total
    $598,996

  • Emmanuel Plat

    Director, Merchandising

    Total calculated
    $550,227
    From this org
    $492,426
    From related orgs
    $0
    Other
    $57,801
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $368,120
    Bonus
    $100,000
    Other
    $24,306
    Deferred
    $22,500
    Nontaxable benefits
    $35,301
    Filer's total
    $550,227

  • Jesse Goldstine

    General Manager - Retail

    Total calculated
    $484,284
    From this org
    $423,993
    From related orgs
    $0
    Other
    $60,291
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $380,627
    Bonus
    $25,000
    Other
    $18,366
    Deferred
    $19,800
    Nontaxable benefits
    $40,491
    Filer's total
    $484,284

  • Diana Pan

    Chief Technology Officer

    Total calculated
    $417,893
    From this org
    $378,269
    From related orgs
    $0
    Other
    $39,624
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $354,084
    Bonus
    $0
    Other
    $24,185
    Deferred
    $22,500
    Nontaxable benefits
    $17,124
    Filer's total
    $417,893

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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 the 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. Part I, Lines 4b: Glenn Lowry received a supplemental retirement plan payment described in comment below.
Part I, Line 7
Glenn Lowry - Director full-time employee, officer and ex-officio trustee. In 2023 Glenn Lowry earned $1,064,467 in base compensation. Column B (ii) includes a annual bonus of $469,719, a previously scheduled payment of a multi-year supplemental retirement plan, dating to 2014, of $72,000, for a total of $541,719. These amounts compare to $992,121 of base compensation and a annual bonus of $456,037 in 2022. Column C includes a 2024 accrual of $36,000 under the supplemental retirement plan to be paid next year. The following individuals listed received a bonus in calendar year 2023 based on meeting certain objective performance criteria/metrics or service requirements. These bonuses were authorized by management. The following individuals had no input into the awarding of their own bonuses: James Gara (Chief Operating Officer and Assistant Treasurer), Lou-Alan Fernandes (Chief Investment Officer), Gabriel Morrow (Managing Director, Investments), Jean Savitsky (Director of Real Estate and Construction), Jesse Goldstine (General Manager Retail), and Emmanuel Platt (Director Merchandising), Beverly Morgan-Welch (Senior Deputy Director of External Affairs), and Michelle Kuo (Chief Curator at Large & Publisher)
Part II, Column (C):
Amounts reported as deferred compensation, to the extent they include evaluation increases, are based on actuarial calculations done for June 30, 2024 as opposed to calendar year 2023. Compensation Reporting Generally: All compensation reported on Form 990 in Part VII and Schedule J, including bonuses, are based on calendar year 2023, pursuant to employee contracts with the persons listed.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349310217

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