Form 990 for tax year 2022
Filed by THE METROPOLITAN MUSEUM OF ART.
Totals
- Total revenue
- $761,527,826
- Total expenses
- $420,244,064
- Contributions and grants received
- $383,849,407
- Grants paid
- $2,356,363
- Program service revenue
- $7,531,830
- Investment income
- $366,359,726
- Other revenue
- $3,786,863
- Total assets, end of year
- $5,614,873,152
- Total liabilities, end of year
- $617,114,704
- Net assets or fund balances, end of year
- $4,997,758,448
- Program services expenses (Part IX)
- $266,900,917
- Management and general expenses
- $132,485,219
- Fundraising expenses
- $20,857,928
- Program service expenses (Part III)
- $266,900,917
Program services were 63.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$23,574,019
-
1c · Fundraising events
$29,833,255
-
1e · Government grants (contributions)
$13,768,863
-
1f · All other contributions, gifts and grants
$316,673,270
-
1g · Noncash contributions included above
$12,211,686
-
2a · Program service revenue: EDUCATIONAL PRGMS, CONCERTS & LECTURES
total $1,765,866 · related or exempt $1,765,866
-
2b · Program service revenue: PHOTO RENTALS & FILM FEES
total $25,000 · unrelated business $25,000
-
2c · Program service revenue: CURATORIAL
total $4,688,714 · related or exempt $4,688,714
-
2d · Program service revenue: DEVELOPMENT PROGRAMMING
total $1,052,250 · related or exempt $1,052,250
-
3 · Investment income
total $66,109,727 · unrelated business $2,121,561 · excluded $63,988,166
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $10,145 · excluded $10,145
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,115,224,532
-
7b · Less cost or other basis and sales expenses
securities $814,974,533
-
7c · Gain or loss
securities $300,249,999
-
7d · Net gain or loss
total $300,249,999 · excluded $300,249,999
-
8a · Fundraising events: gross income
$796,638
-
8a · Fundraising events: contributions included on line 1c
$29,833,255
-
8b · Fundraising events: direct expenses
$8,476,923
-
8c · Net income from fundraising events
total -$7,680,285 · excluded -$7,680,285
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$42,277,087
-
10b · Cost of goods sold
$38,606,116
-
10c · Net income from sales of inventory
total $3,670,971 · related or exempt $2,981,329 · unrelated business $689,642
-
11a · Other revenue: CORPORATE EVENTS
total $3,031,590 · related or exempt $1,179,878 · unrelated business $1,851,712
-
11b · Other revenue: PARKING GARAGE
total $3,020,053 · excluded $3,020,053
-
11c · Other revenue: RESTAURANT
total $507,613 · excluded $507,613
-
11d · All other revenue
total $1,226,776 · related or exempt $1,226,776
-
11e · Other revenue, total
$7,786,032
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $2,349,696 · program services $2,349,696
-
3 · Grants to foreign organizations and individuals
total $6,667 · program services $6,667
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $10,260,070 · program services $2,435,463 · management and general $6,095,361 · fundraising $1,729,246
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $135,459,515 · program services $69,705,542 · management and general $57,710,153 · fundraising $8,043,820
-
8 · Pension plan contributions
total $2,046,001 · program services $1,005,219 · management and general $898,001 · fundraising $142,781
-
9 · Other employee benefits
total $52,772,098 · program services $24,530,951 · management and general $24,789,413 · fundraising $3,451,734
-
10 · Payroll taxes
total $10,165,373 · program services $4,994,339 · management and general $4,461,638 · fundraising $709,396
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,460,894 · program services $100,031 · management and general $1,360,863
-
11c · Fees: accounting
total $655,339 · management and general $655,339
-
11d · Fees: lobbying
total $98,665 · fundraising $98,665
-
11e · Fees: professional fundraising services
total $110,788 · fundraising $110,788
-
11f · Fees: investment management
total $8,177,458 · management and general $8,177,458
-
11g · Fees: other
total $10,928,493 · program services $8,413,709 · management and general $1,976,115 · fundraising $538,669
-
12 · Advertising and promotion
total $8,620,671 · program services $340,308 · management and general $5,403,901 · fundraising $2,876,462
-
13 · Office expenses
total $23,322,495 · program services $20,076,597 · management and general $2,302,113 · fundraising $943,785
-
14 · Information technology
total $5,636,757 · program services $3,989,935 · management and general $1,296,587 · fundraising $350,235
-
15 · Royalties
total $0
-
16 · Occupancy
total $5,853,930 · program services $2,455,964 · management and general $3,397,786 · fundraising $180
-
17 · Travel
total $2,778,693 · program services $2,482,628 · management and general $125,472 · fundraising $170,593
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $399,656 · program services $218,621 · management and general $99,277 · fundraising $81,758
-
20 · Interest
total $13,683,444 · program services $10,762,740 · management and general $2,737,830 · fundraising $182,874
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $49,317,917 · program services $43,135,998 · management and general $6,029,780 · fundraising $152,139
-
23 · Insurance
total $1,454,748 · program services $1,356,570 · management and general $97,672 · fundraising $506
-
24a · Other expenses: PURCHASES OF ART
total $52,401,477 · program services $52,401,477
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $15,091,027 · program services $12,994,725 · management and general $1,943,147 · fundraising $153,155
-
24c · Other expenses: CATERING SERVICES
total $6,015,329 · program services $3,022,235 · management and general $1,871,952 · fundraising $1,121,142
-
24d · Other expenses: RECRUITMENT EXPENSE
total $495,761 · management and general $495,761
-
24e · All other expenses
total $681,102 · program services $121,502 · management and general $559,600
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $68,754,668 · end of year $45,439,134
-
2 · Savings and temporary cash investments
beginning of year $5,852,099 · end of year $6,422,535
-
3 · Pledges and grants receivable
beginning of year $151,726,397 · end of year $223,550,729
-
4 · Accounts receivable
beginning of year $6,099,391 · end of year $10,390,308
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $9,431,661 · end of year $9,878,144
-
9 · Prepaid expenses and deferred charges
beginning of year $5,783,720 · end of year $7,357,307
-
10a · Land, buildings and equipment: cost or other basis
$1,349,254,254
-
10b · Land, buildings and equipment: accumulated depreciation
$951,480,031
-
10c · Land, buildings and equipment, net
beginning of year $379,685,418 · end of year $397,774,223
-
11 · Investments: publicly traded securities
beginning of year $2,887,454,969 · end of year $1,226,827,605
-
12 · Investments: other securities
beginning of year $1,814,448,391 · end of year $3,635,268,632
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $44,663,762 · end of year $51,964,535
-
17 · Accounts payable and accrued expenses
beginning of year $90,769,668 · end of year $79,562,642
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $6,889,177 · end of year $8,384,747
-
20 · Tax-exempt bond liabilities
beginning of year $150,806,512 · end of year $144,377,019
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $14,817,156 · end of year $14,966,331
-
24 · Unsecured notes and loans payable
beginning of year $247,751,691 · end of year $247,858,017
-
25 · Other liabilities
beginning of year $144,383,507 · end of year $121,965,948
-
27 · Net assets without donor restrictions
beginning of year $1,328,483,721 · end of year $1,388,627,410
-
28 · Net assets with donor restrictions
beginning of year $3,389,999,044 · end of year $3,609,131,038
Mission and programs · 2022
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.
Activities or mission (Part I)
THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES. PLEASE SEE SCHEDULE O FOR MORE DETAILS.
-
CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS, CONSERVATION, CATALOGUING, AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $2,356,363) - SEE SCHEDULE O FOR MORE INFORMATION
Expenses $139,968,737 · Grants $2,356,363 · Revenue $4,688,714
-
ACQUISITIONS AND SALES OF ART - SEE SCHEDULE O FOR MORE INFORMATION
Expenses $52,401,477 · Revenue $50,931
-
EDUCATION PROGRAMS, MUSEUM LIBRARIES, AND DIGITAL MEDIA- SEE SCHEDULE O FOR MORE INFORMATION
Expenses $30,322,640 · Revenue $1,387,192
-
OPERATING SERVICES
Expenses $16,889,729
-
SPECIAL EXHIBITIONS
Expenses $20,092,294
-
ALL OTHER SUPPORT SERVICES
Expenses $7,226,040 · Revenue $6,792,976
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lauren A Meserve
SVP & CHIEF INVESTMENT OFFICER
- Total calculated
- $1,800,269
- From this org
- $1,407,610
- From related orgs
- $0
- Other
- $392,659
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $686,314
- Bonus
- $718,674
- Other
- $2,622
- Deferred
- $382,495
- Nontaxable benefits
- $10,164
- Filer's total
- $1,800,269
-
Daniel H Weiss
President, CEO To 6/23
- Total calculated
- $1,471,868
- From this org
- $1,406,934
- From related orgs
- $0
- Other
- $64,934
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $1,081,040
- Bonus
- $0
- Other
- $325,894
- Deferred
- $42,556
- Nontaxable benefits
- $22,378
- Filer's total
- $1,471,868
-
Max Hollein
Marina Kellen French Director
- Total calculated
- $1,396,953
- From this org
- $1,340,254
- From related orgs
- $0
- Other
- $56,699
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $1,031,867
- Bonus
- $0
- Other
- $308,387
- Deferred
- $33,550
- Nontaxable benefits
- $23,149
- Filer's total
- $1,396,953
-
Clyde B Jones
SVP, INSTITUTIONAL ADV TO 6/22
- Total calculated
- $1,050,709
- From this org
- $1,003,124
- From related orgs
- $0
- Other
- $47,585
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $279,820
- Bonus
- $0
- Other
- $723,304
- Deferred
- $42,556
- Nontaxable benefits
- $5,029
- Filer's total
- $1,050,709
-
Lawrence Choi
Snr Investment Offic From 7/22
- Total calculated
- $636,571
- From this org
- $602,788
- From related orgs
- $0
- Other
- $33,783
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $197,607
- Bonus
- $405,000
- Other
- $181
- Deferred
- $24,400
- Nontaxable benefits
- $9,383
- Filer's total
- $636,571
-
Jameson Kelleher
SVP, FIN & OPS, CFO, TREASURER
- Total calculated
- $612,885
- From this org
- $568,585
- From related orgs
- $0
- Other
- $44,300
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $566,902
- Bonus
- $0
- Other
- $1,683
- Deferred
- $33,406
- Nontaxable benefits
- $10,894
- Filer's total
- $612,885
-
Sharon H Cott
SVP, SECRETARY & GEN. COUNSEL
- Total calculated
- $553,140
- From this org
- $488,526
- From related orgs
- $0
- Other
- $64,614
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $481,222
- Bonus
- $0
- Other
- $7,304
- Deferred
- $42,556
- Nontaxable benefits
- $22,058
- Filer's total
- $553,140
-
Stephen Martin Mannello
GMM & Head of Retail
- Total calculated
- $453,846
- From this org
- $398,409
- From related orgs
- $0
- Other
- $55,437
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $394,606
- Bonus
- $0
- Other
- $3,803
- Deferred
- $32,499
- Nontaxable benefits
- $22,938
- Filer's total
- $453,846
-
Quincy Houghton
Deputy Dir for Exhibitions
- Total calculated
- $451,708
- From this org
- $386,249
- From related orgs
- $0
- Other
- $65,459
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $380,528
- Bonus
- $0
- Other
- $5,721
- Deferred
- $42,556
- Nontaxable benefits
- $22,903
- Filer's total
- $451,708
-
Kenneth Weine
VP Ex. Affairs/Chief Comms Off
- Total calculated
- $434,053
- From this org
- $377,608
- From related orgs
- $0
- Other
- $56,445
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $373,898
- Bonus
- $0
- Other
- $3,710
- Deferred
- $33,550
- Nontaxable benefits
- $22,895
- Filer's total
- $434,053
-
Andrea Bayer
Deputy Dir, Collections/Admin
- Total calculated
- $422,891
- From this org
- $357,567
- From related orgs
- $0
- Other
- $65,324
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $347,418
- Bonus
- $0
- Other
- $10,149
- Deferred
- $42,556
- Nontaxable benefits
- $22,768
- Filer's total
- $422,891
-
Stephen A Manzi
Chief Dev Off, Indiv Giving
- Total calculated
- $413,717
- From this org
- $348,514
- From related orgs
- $0
- Other
- $65,203
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $321,138
- Bonus
- $1,500
- Other
- $25,876
- Deferred
- $42,556
- Nontaxable benefits
- $22,647
- Filer's total
- $413,717
-
Jhaelen Hernandez Eli
VP Capital Projects From 7/22
- Total calculated
- $405,932
- From this org
- $349,864
- From related orgs
- $0
- Other
- $56,068
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $349,063
- Bonus
- $0
- Other
- $801
- Deferred
- $33,550
- Nontaxable benefits
- $22,518
- Filer's total
- $405,932
-
Inka Drogemuller
Dep Dir Digital/Edu/Pub/Lib
- Total calculated
- $394,493
- From this org
- $351,393
- From related orgs
- $0
- Other
- $43,100
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $349,570
- Bonus
- $0
- Other
- $1,823
- Deferred
- $33,550
- Nontaxable benefits
- $9,550
- Filer's total
- $394,493
-
Steven R Ryan
Chief Technology Officer
- Total calculated
- $389,666
- From this org
- $329,282
- From related orgs
- $0
- Other
- $60,384
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $324,372
- Bonus
- $0
- Other
- $4,910
- Deferred
- $37,980
- Nontaxable benefits
- $22,404
- Filer's total
- $389,666
-
Rishi Agnani
Interim Chief HR Off From 7/22
- Total calculated
- $351,559
- From this org
- $288,922
- From related orgs
- $0
- Other
- $62,637
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $268,873
- Bonus
- $0
- Other
- $20,049
- Deferred
- $41,319
- Nontaxable benefits
- $21,318
- Filer's total
- $351,559
-
Jeanette Brizel
CHIEF HR OFFICER TO 6/22
- Total calculated
- $280,836
- From this org
- $254,441
- From related orgs
- $0
- Other
- $26,395
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $163,709
- Bonus
- $0
- Other
- $90,732
- Deferred
- $21,692
- Nontaxable benefits
- $4,703
- Filer's total
- $280,836
-
Candace K Beinecke
Elective Trustee & Co-Chair
- Total calculated
- $0
- Hours/week
- 5
-
Hamilton E James
Elective Trustee & Co-Chair
- Total calculated
- $0
- Hours/week
- 5
-
Richard L Chilton Jr
Elective Trustee & Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Charles N Atkins
Elective Trustee to 5/10/23
- Total calculated
- $0
- Hours/week
- 1
-
Debra Black
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Samantha Boardman
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
James Breyer
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ursula Burns
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Wellington Z Chen
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
N Anthony Coles
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Stephen M Cutler
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Blair Effron
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Mark Fisch
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Colvin W Grannum
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey W Greenberg
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Amy Griffin
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Caroline Diamond Harrison
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
J Tomilson Hill
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Himmelman
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ming Chu Hsu
Elective Trustee to 9/12/22
- Total calculated
- $0
- Hours/week
- 1
-
Michael ByungJu Kim
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Julia Koch
Elective Trustee From 1/9/23
- Total calculated
- $0
- Hours/week
- 1
-
Sacha Lainovic
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Aerin Lauder
Elective Trustee From 1/9/23
- Total calculated
- $0
- Hours/week
- 1
-
Philip F Maritz
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Catie Marron
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bijan Mossavar-Rahmani
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Dasha Niarchos
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey M Peek
Elective Trustee to 9/13/22
- Total calculated
- $0
- Hours/week
- 1
-
Gina Peterson
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Edward N Pick
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Pritzker
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sir Paul Ruddock
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Alejandro Santo Domingo
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Andrew M Saul
Elective Trustee to 9/13/22
- Total calculated
- $0
- Hours/week
- 1
-
Karen Patton Seymour
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Solomon
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Beatrice Stern
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Gaby Sulzberger
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ann G Tenenbaum
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Merryl H Tisch
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mathew M Wambua
Elective Trustee
- Total calculated
- $0
- Hours/week
- 2
-
David S Winter
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dame Anna Wintour
Elective Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Eric Adams
Ex-Officio Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Adrienne Adams
Ex-Officio Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brad Lander
Ex-Officio Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Susan Donoghue
Ex-Officio Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Laurie Cumbo
Ex-Officio Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Whitney Donhauser
Dep Dir & Chf Adv Off From1/23
- Total calculated
- $0
- Hours/week
- 35
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, and on a Form 990-PF Part VIII's — 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
- 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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 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)
- SCHEDULE J, PART I, LINE 1A
- PERSONAL HOUSING - FOR CALENDAR YEAR 2022, THE MUSEUM PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, DANIEL WEISS AND TO THE DIRECTOR, MAX HOLLEIN. THESE ALLOWANCES WERE TREATED AS TAXABLE COMPENSATION.
- SCHEDULE J, PART 1, LINE 4A
- IN CALENDAR YEAR 2022, CLYDE B. JONES RECEIVED A SEVERANCE PAYMENT OF $606,014, AND JEANETTE BRIZEL RECEIVED A SEVERANCE PAYMENT OF $58,667.
- SCHEDULE J, PART I, LINE 4B
- THE FOLLOWING PERSONS PARTICIPATED IN OR RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2022: DANIEL WEISS - $111,416 MAX HOLLEIN - $106,110
- SCHEDULE J, PART I, LINE 7
- PURSUANT TO THE MUSEUM'S INCENTIVE COMPENSATION PLAN FOR INVESTMENT STAFF, SENIOR VICE PRESIDENT AND CHIEF INVESTMENT OFFICER, LAUREN MESERVE, RECEIVED A BONUS PAYMENT OF $718,674, WHICH IS INCLUDED IN SCHEDULE J, PART II COLUMN B.
- SCHEDULE J, PART II, COLUMN (C)
- COLUMN (C) INCLUDES DEFERRED COMPENSATION AS FOLLOWS: A BONUS PAYMENT FOR LAUREN MESERVE OF $339,939. THIS DEFERRED COMPENSATION MAY BE FORFEITED IF THE RECIPIENT LEAVES THE MUSEUM'S EMPLOYMENT BEFORE IT IS PAID. THE EXACT AMOUNT IS SUBJECT TO ADJUSTMENT BASED ON THE PERFORMANCE OF THE ENDOWMENT FUND.
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
No itemized grants to organizations 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.
-
501(c)(3) · Met Support · NY · controlled entity
Directly controlled by Met Museum
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (20)
TRUST · TRUST · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410469349300531
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