990 Return ofOrganization ExemptFromIncomeTax...

Return of Organization Exempt From Income Tax OMB No 1545-004

Form 990 Under section 501 (c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2012

Department of the Treasurybenefit trust or private foundation )

Open to PublicInt erna l Revenue servi ce ► The organization may have to use a copy of this return to satisfy state reporting requirements. Inspection

A For the 2012 calendar year , or tax year beginning JUL 1 , 2012 and ending JUN 30 , 2013

B Check ,fapplicable

Channge

C Name of organization

MUSEUM OF FINE ARTS

D Employer identification number

DChaannge Dom Business As 04-2103607retur

aed'n-

Number and street (or P.O. box if mail is not delivered to street address)

465 HUNTINGTON AVENUERoom/suite E Telephone number

617-369-3281MAmendedreturn City, town, or post office, state, and ZIP code G Gross receipts $ 289 , 678 , 188.=

BOSTON , MA 02115 H(a) Is this a group returnpending

F Name and address of principal officer.MALCOLM

SAME AS C ABOVE

A. ROGERS for affiliates? DYes ® No

H(b) Are all affiliates included9 =Yes = No

I Tax-exempt status ® 501 ( c )( 3 ) 0 501 ( c ) 1 ( insert no. ) = 4947 ( a )( 1 ) or 0 527 If "No," attach a list. (see instructions)

J Website: WWW. MFA . ORG H(c) Grou p exemption number ►K Form of nrnanrrahnn- n Corooratlon F-1 Trust F-] Association F-1 Other lo- I Year of formation: 187 O M State of legal domicile: MA

Part I I Summary

1 Briefly describe the organization's mission or most significant activities: SEE SCHEDULE 0.0

E 2 Check this box ► = If the organization discontinued its operations or disposed of more than 25% of its n et assets.

0 3 Number of voting members of the governing body (Part VI, line 1 a) 3 44

Cdofj 4 Number of independent voting members of the governing body (Part VI, line 1 b) 4 41

y 5 Total number of individuals employed in calendar year 2012 (Part V, line 2a) 5 15176 Total number of volunteers (estimate if necessary) 6 1352

0 7 a Total unrelated business revenue from Part VIII, column (C), line 12 7a 978 , 659.b Net unrelated business taxable income from Form 990-T, line 34 7b 848 , 234.

Prior Year Current Year

8 Contributions and grants (Part VIII, line 1h) 53 , 736 , 302. 45 , 346 308.r- 9 Program service revenue (Part VIII, line 2g) 37 , 225 , 500. 35 , 693 337.d 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) 45 , 433 , 820. 35 7 4 9 7 3 0.

11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 1 Oc, and 11 e) 15 , 617 , 656. 14 7 5 3 180.

12 Total revenue - add lines 8 throu gh 11 must eq ual Part Vill, column (A) , line 12 152 , 013 , 278. 131 , 542 555.Q 13 Grants and similar amou s paid ri òlur1 n 1.3)(Pa 5 , 336 , 096. 4 , 847 , 343.-( ar V

14 Benefits paid to or for m mbers Part IX col mp_(A),yne 0. 0.

15 Salaries, other compensatin, employee benefits (Part IIXCcolumn (A), lines 5-10) 48 , 260 , 767. 48 566 , 753.cT

s16a Professional fundraising ffees (PartjIXRcolumniÀ)i Une 1ve)I 0. 0.

b Total fundraising expenses(_art1X,corumri (D) i e 5 417871031.

17 Other expenses (Part Ix jlCOlumC(AÎlffes'11 1d^1 f-24e 95 , 588 , 756. 86 , 984 , 768.18 Total expenses Add lines 1317 (must equal Part IX, column (A), line 25) 149 , 185 , 619. 140 , 398 , 864.19 Revenue less expenses Subtract line 18 from Ilne 12 2 , 827 , 659. -8 , 856 , 309.

Be g innin g of Current Year End of Year

w cu 20 Total assets (Part X, line 16) 1 135 859 886 1 148 595 095

21 Total liabilities (Part X, line 26) 247 , 062 , 188. 227 , 715 , 383.22 Net assets or fund balances Subtract line 21 from line 20 888 , 797 , 698. 920 , 879 , 712.

Part II Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is

true, correct, and complete. D lion of prep ter than officer ) is based on all information of which preparer has any knowledge.

Sign Signature cer

Here MARK B. KERWIN CHIEF FINANCIType or print name and title

Print/Type preparer's name Preparer's signalPaid JOSEPH M. GISO JOSEPH MPreparer Firm's name CBI Z TOFIASUse Only Firm's address 500 BOYLSTON STREET

BOSTON. MA 02116

232001 12-10-12 LHA For Paperwork Reduction Act Notice, see the

Form 990 (2012) MUSEUM OF FINE ARTS 04-2103607 Part III Statement of Program Service Accomplishments

Check if Schedule 0 contains a response to any question in this Part III

1 Briefly describe the organization's mission:

SEE SCHEDULE 0.

2 Did the organization undertake any sign ifi cant program services during the year which were not listed on

the prior Form 990 or 990-EZ? DYes ® No

If "Yes," describe these new services on Schedule 0.

3 Did the organization cease conducting, or make significant changes in how it conducts , any program services? 0Yes ® No

If "Yes," describe these changes on Schedule 0.

4 Describe the organization 's program service accomplishments for each of its three largest program services , as measured by expenses

Section 501 (c)(3) and 501 (c)(4) organizations are required to report the amount of grants and allocations to others , the total expenses, and

revenue , if any , for each program service reported.

4a (Code ) (Expenses $ 17 ,18 2 ,17 6 . including grants of $ ) (Revenue $ 2,161,359. )EDUCATION PROGRAMS:

THE MUSEUM MAINTAINS AN ONGOING SERIES OF EDUCATION PROGRAMS ANDACTIVITIES AT OUR FACILITY IN BOSTON IN ORDER TO FURTHER THE MISSION OFTHE MUSEUM AND PROVIDE EDUCATIONAL OPPORTUNITIES IN ART. EDUCATIONPROGRAMS COVER A WIDE SPECTRUM OF TOPICS AND INCLUDE A VARIETY OFSTUDIO ART CLASSES AND WORKSHOPS FOR CHILDREN, TEENS AND ADULTS,LECTURES, FILMS, CONCERTS, A VARIETY OF OTHER COURSES, FREEDEMONSTRATIONS AND TALKS IN THE GALLERIES, FREE WORKSHOPS FOREDUCATORS, SCHOOL GROUP TOURS, PARTNERSHIPS WITH LOCAL AREA SCHOOLS,AFTER-SCHOOL PROGRAMS AND COMMUNITY GROUPS TO ENGAGE YOUTH IN ARTS ANDPROGRAMS FOR FAMILY VISITS TO THE MUSEUM. OVER 134,000 VISITORS

4b (Code ) (Expenses $ 2 3 , 8 3 5 , 9 7 9 . including grants of $ ) (Revenue $ 3,863,501. )EXHIBITIONS:

WITH A COLLECTION OF NEARLY 450,000 OBJECTS, THE MUSEUM OWNS SOME OFTHE MOST RARE AND IMPORTANT ARTISTIC TREASURES IN THE WORLD. SUCH ACOLLECTION ENABLES THE MUSEUM TO PRESENT MANY SPECIAL EXHIBITIONS WITHA BALANCE BETWEEN SCHOLARLY PROGRAMS AND THOSE WITH BROAD PUBLICAPPEAL. DURING FISCAL YEAR 2013, THE MUSEUM PRESENTED MORE THAN 21EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: ART OF WHITE MOUNTAINS (JULY 14,2012 - JULY 7, 2013); CATS TO CRICKETS: PETS IN JAPAN'S FLOATING WORLD(JULY 21, 2012 - FEB 18, 2013); ORI GERSHT: HISTORY REPEATING (AUG 252012 - JAN 6, 2013); ARTFUL HEALING (SEPT 15, 2012 - FEB 18, 2013);MARIO TESTINO: IN YOUR FACE (OCT 21, 2012 - FEB 3, 2013); MARIO

4c (code ) (Expenses $ 2 5, 5 0 6, 5 8 6 . including grants of $ 4, 8 4 7, 3 4 3 . ) (Revenue $ 23,689,402. )SCHOOL OF MUSEUM OF FINE ARTS PROGRAM:

THE SCHOOL OF MUSEUM OF FINE ARTS (THE SCHOOL) IS A MEMBER OF THE

NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN. (THE SCHOOL IS NOT A

SEPARATELY INCORPORATED ORGANIZATION AND IS A DIVISION OF THE MUSEUM).

COURSES ARE OFFERED IN CERAMICS, DRAWING, FILM AND ANIMATION,

FOUNDATIONS, GLASS, METALS, PAINTING, PERFORMANCE, PHOTOGRAPHY,

PRINTMAKING AND PAPERMAKING, SCULPTURE, SOUND, TEXT AND IMAGE ARTS,

VIDEO, AND VISUAL AND CRITICAL STUDIES. THE SCHOOL AWARDS A DIPLOMA,

TWO TYPES OF CERTIFICATES, AND THROUGH ITS AFFILIATION WITH TUFTS

UNIVERSITY, MEDFORD, MA, OFFERS THREE UNDERGRADUATE AND TWO GRADUATE

DEGREE PROGRAMS. IN ADDITION, THE SCHOOL OFFERS CONTINUING EDUCATION

4d Other program services (Describe in Schedule 0)

(Expenses $ 5 0 , 4 0 0 , 3 0 5 . including grants of $ ) (Revenue s 20,025,744.)4e Total oroaram service expenses ► 116,925,046.

121012 SEE SCHEDULE 0 FOR CONTINUATION(S)Form 990 (2012)

12350131 756948 22262 . 000 2012.06010 MUSEUM OF FINE ARTS 2226201

1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?

If "Yes," complete Schedule A

2 Is the organization required to complete Schedule B, Schedule of Contributors`?

3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for

public office? If "Yes, " complete Schedule C, Part

4 Section 501(c)(3) organizations . Did the organizat

I

ion engage in lobbying activities, or have a section 501(h) election in effect

during the tax year? If "Yes," complete Schedule C, Part 11

5 Is the organization a section 501 (c)(4), 501 (c)(5), or 501 (c)(6) organization that receives membership dues, assessments, or

similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part 111

6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to

provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I

7 Did the organization receive or hold a conservation easement, including easements to preserve open space,

the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part 11

8 Did the organization maintain collections of works of art, historical treasures, or other similar assets If "Yes," complete

Schedule D, Part Ill -

9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a custodian for

amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services?

If "Yes," complete Schedule D, Part IV

10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent

endowments, or quasi-endowments? If "Yes, " complete Schedule D, Part V

11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X

as applicable.

a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If 'Yes," complete Schedule D,

Part VI

b Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of its total

assets reported in Part X, line 16' If "Yes, " complete Schedule D, Part Vll

c Did the organization report an amount for investments - program related in Part X, line 13 that is 5% or more of its total

assets reported in Part X, line 16? If "Yes, " complete Schedule D, Part Vill

d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in

Part X, line 16' If "Yes," complete Schedule D, Part IX

e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes, " complete Schedule D, Part X

f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses

the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X

12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes, " complete

Schedule D, Parts XI and XII

b Was the organization included in consolidated, independent audited financial statements for the tax year?

If "Yes, " and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional

13 Is the organization a school described in section 170(b)(1)(A)(ii)' If "Yes," complete Schedule E

14a Did the organization maintain an office, employees, or agents outside of the United States?

b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business,

investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000

or more? If "Yes, " complete Schedule F, Parts 1 and IV

15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization

or entity located outside the United States? If "Yes," complete Schedule F, Parts lI and IV -

16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals

located outside the United States' If "Yes," complete Schedule F, Parts 111 and IV

17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX,

column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I -

18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines

1 c and 8a' If "Yes," complete Schedule G, Part 11

19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes,"

complete Schedule G, Part /11

20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H

b If "Yes" to line 20a. did the oraanization attach a coov of its audited financial statements to this return?

23200312-10-12

312350131 756948 22262 . 000 2012.06010 MUSEUM OF FINE ARTS

2 X

3 X

4 X

5

9

X

X

10 1 X

13 X

14a X

14b X

15 X

16 X

17 X

18 X

19 X

20a X

20b

Form 990 (2012)

2226201

l 1

-2103607 Page4

Yes No

21 Did the organization report more than $5,000 of grants and other assistance to any government or organization in the

United States on Part IX, column (A), line 1 ? If 'Yes,' complete Schedule 1, Parts l and 11 -

22 Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX,

column (A), line 2? If 'Yes,' complete Schedule I, Parts I and 111

23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current

and former officers, directors, trustees, key employees, and highest compensated employees? If 'Yes," complete

Schedule J

24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the

last day of the year, that was issued after December 31, 2002? If "Yes," answer lines 24b through 24d and complete

Schedule K. If "No ", go to line 25

b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?

c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease

any tax-exempt bonds?

d Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?

25a Section 501(c)(3) and 501 (c)(4) organizations. Did the organization engage in an excess benefit transaction with a

disqualified person during the year? If "Yes," complete Schedule L, Part I -

b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and

that the transaction has not been reported on any of the organization's prior Forms 990 or 990-FZ' If "Yes," complete

Schedule L, Part 1

26 Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified

person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L, Part 11

27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial

contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member

of any of these persons' If "Yes," complete Schedule L, Part Ill

28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV

instructions for applicable filing thresholds, conditions, and exceptions):

a A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV

b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV

c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer,

director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV

29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes, " complete Schedule M

30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation

contributions? If "Yes," complete Schedule M

31 Did the organization liquidate, terminate, or dissolve and cease operations?

If "Yes, " complete Schedule N, Part 1

32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete

Schedule N, Part 11

33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations

sections 301 7701-2 and 301.7701-3? If 'Yes," complete Schedule R, Part 1

34 Was the organization related to any tax-exempt or taxable entity? If "Yes, " complete Schedule R, Part /l, Ill, or IV, and

Part V, line 1

35a Did the organization have a controlled entity within the meaning of section 512(b)(13)?

b If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity

within the meaning of section 512(b)(13)' If 'Yes," complete Schedule R, Part V, line 2

36 Section 501(c)(3) organizations . Did the organization make any transfers to an exempt non-charitable related organization?

If "Yes," complete Schedule R, Part V, line 2

37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization

and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI

38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 b and 19?

23 X

24a X

24b X

24c X

24d X

25a X

28aIX

35a X

35b X

36 X

37 X

38 X

Form 990 (2012)

23200412-10-12

klist of RequiredF FINE ART


Form 990 (2012) MUSEUM OF FINE ARTS 04-2103607 Part V Statements Regarding Other IRS Filings and Tax Compliance

Check if Schedule 0 contains a response to any question in this Part V Q

1a Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable 1a 1114

b Enter the number of Forms W-2G included in line 1 a. Enter -0- if not applicable 1b 1

c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming

(gambling) winnings to prize winners?

2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements,

filed for the calendar year ending with or within the year covered by this return 2a 151

b If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1 a and 2a is greater than 250, you may be required to e-file (see instructions)

3a Did the organization have unrelated business gross income of $1,000 or more during the year?

b If "Yes," has it filed a Form 990-T for this year? If "No, " provide an explanation in Schedule 0

4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a

financial account in a foreign country (such as a bank account, securities account, or other financial account)?

b If "Yes," enter the name of the foreign country No-

See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts

5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?

b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b

c If "Yes," to line 5a or 5b, did the organization file Form 8886-T? 5c

6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit

any contributions that were not tax deductible as charitable contributions? 6a

b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts

were not tax deductible

X

X

XX

X

7 Organizations that may receive deductible contributions under section 170(c).

a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor' 7a X

b If "Yes," did the organization notify the donor of the value of the goods or services provided' 7b X

c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required

to file Form 8282 7c

d If "Yes," indicate the number of Forms 8282 filed during the year 17d

e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?

g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?

In If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C'?

8 Sponsoring organizations maintaining donor advised funds and section 509(a )( 3) supporting organizations . Did the supporting

organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year

9 Sponsoring organizations maintaining donor advised funds.

a Did the organization make any taxable distributions under section 4966? 9a

b Did the organization make a distribution to a donor, donor advisor, or related person? 9b

10 Section 501(c)(7) organizations . Enter

a Initiation fees and capital contributions included on Part VIII, line 12 10a

b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 10b

11 Section 501(c )( 12) organizations. Enter

a Gross income from members or shareholders 11a

b Gross income from other sources (Do not net amounts due or paid to other sources against

amounts due or received from them.) 11b

12a Section 4947(a)(1) non -exempt charitable trusts . Is the organization filing Form 990 in lieu of Form 1041? 12a

b If "Yes," enter the amount of tax-exempt interest received or accrued during the year 12b

13 Section 501(c)(29) qualified nonprofit health insurance issuers.

a Is the organization licensed to issue qualified health plans in more than one state? 13a

Note . See the instructions for additional information the organization must report on Schedule 0

b Enter the amount of reserves the organization is required to maintain by the states in which the

organization is licensed to issue qualified health plans 13b

c Enter the amount of reserves on hand 13c

X

14a Did the organization receive any payments for indoor tanning services dunng the tax year? 14a X

b If "Yes ," has it filed a Form 720 to report these payments '? If "No," provide an explanation in Schedule 0 14b

Form 990 (2012)

23200512-10-12

512350131 756948 22262 . 000 2012.06010 MUSEUM OF FINE ARTS 22262_01

Form 990 (2012) MUSEUM OF FINE ARTS 04 -2103607 PartVl Governance, Management, and Disclosure For each "Yes' response to lines 2 through 7b below, and fora "No' response

to line 8a, 8b, or 1Ob below, describe the circumstances, processes, or changes in Schedule O. See instructions

Check if Schedule 0 contains a response to any question in this Part VI I-XISection A. Governing Body and Management

Yes No

la Enter the number of voting members of the governing body at the end of the tax year la 44

If there are material differences in voting rights among members of the governing body, or if the governing

body delegated broad authority to an executive committee or similar committee, explain in Schedule 0.

b Enter the number of voting members included in line 1 a, above, who are independent lb 41

2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other

officer, director, trustee, or key employee? 2 X

3 Did the organization delegate control over management duties customarily performed by or under the direct supervision

of officers, directors, or trustees, or key employees to a management company or other person? 3 X

4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? 4 X

5 Did the organization become aware during the year of a significant diversion of the organization's assets? 5 X

6 Did the organization have members or stockholders? 6 X

7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or

more members of the governing body? 7a X

b Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or

persons other than the governing body? 7b X

8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

a The governing body? 8a X

b Each committee with authority to act on behalf of the governing body? 8b X

9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the

organization's mailing address? If "Yes " provide the names and addresses in Schedule 0 9 XSection B. Policies his Section B requests information about policies not required by the Internal Revenue Code )

Yes No

10a Did the organization have local chapters, branches, or affiliates? 10a X

b If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates,

and branches to ensure their operations are consistent with the organization's exempt purposes? 10b

11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? 11a X

b Describe in Schedule 0 the process, if any, used by the organization to review this Form 990

12a Did the organization have a written conflict of interest policy? If "No, " go to line 13 12a X

b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts 12b X

c Did the organization regularly and consistently monitor and enforce compliance with the policy'? If "Yes," describe

in Schedule 0 how this was done 12c X

13 Did the organization have a written whistleblower policy? 13 X

14 Did the organization have a written document retention and destruction policy? 14 X

15 Did the process for determining compensation of the following persons include a review and approval by independent

persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

a The organization's CEO, Executive Director, or top management official 15a X

b Other officers or key employees of the organization 15b X

If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions)

16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a

taxable entity during the year? 16a X

b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation

in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's

exempt status with respect to such arrangements? 16b

Section C. Disclosure17 List the states with which a copy of this Form 990 is required to be filed AMA, NY

18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable ), 990, and 990-T (Section 501 (c)(3)s only) available

for public inspection Indicate how you made these available Check all that apply

0 Own website ® Another 's website ® Upon request 0 Other (explain in Schedule 0)

19 Describe in Schedule 0 whether (and if so , how), the organization made its governing documents, conflict of interest policy, and financial

statements available to the public during the tax year

20 State the name , physical address, and telephone number of the person who possesses the books and records of the organization No-

MARK B. KERWIN , CPA , CFO - 617-369-3281465 HUNTINGTON AVENUE BOSTON , MA 02115-5523

12-10-12 Form 990 (2012)

612350131 756948 22262.000 2012.06010 MUSEUM OF FINE ARTS 2226201

Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Part VII Compensation of Officers , Directors , Trustees, Key Employees , Highest Compensated

Employees , and Independent ContractorsCheck if Schedule 0 contains a response to any question in this Part VII Q

Section A. Officers, Directors , Trustees , Key Employees , and Highest Compensated Employees

la Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year.

• List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation.Enter -0- in columns (D), (E), and (F) if no compensation was paid

• List all of the organization's current key employees, if any. See instructions for definition of "key employee."• List the organization' s five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable

compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations

• List all of the organization' s former officers, key employees, and highest compensated employees who received more than $100,000 ofreportable compensation from the organization and any related organizations

• List all of the organization' s former directors or trustees that received, in the capacity as a former director or trustee of the organization,more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors, institutional trustees; officers, key employees; highest compensated employees,and former such persons

n Check this box if neither the organization nor any related organization compensated any current officer. director. or trustee

(A)

Name and Title

(B)

Averagehours perweek

(C)

Position(do not check more than onebox, unless person is both anofficer and a director/trustee )

(D)

Reportablecompensation

from

( E)

Reportablecompensationfrom related

(F)

Estimatedamount of

other

(list anyhours forrelated

organizationsbelowline)

s

'2

A-

:2

rE

Y

o

u

theorganization

(W-2/1099-MISC)

organizations(W-2/1099-MISC)

compensationfrom the

organization

and relatedorganizations

(1) BARBARA ALFOND 1.00

ELECTED TRUSTEE X 0. 0. 0.

(2) KEVIN CALLAGHAN 1. 0 0

ELECTED TRUSTEE X 0 • 0 • 0

(3) BETTINA BURR 1.00

ELECTED TRUSTEE - VICE PRESIDENT X X 0. 0. 0.

(4) DAVID GOEL 1.00


(5) JILL AVERY 1.00

ELECTED TRUSTEE X 0 . 0 . 0 .

(6) JOHN DEUTCH 1.00

ELECTED TRUSTEE X 0 . 0 . 0

(7) SUSAN DONAHUE 1.00

ELECTED TRUSTEE - CHAIRMAN BOARD OF X X 0. 0 • 0 .

(8) WILLIAM R. ELFERS 1.00


(9) STEPHEN A. FINE 1.00

ELECTED TRUSTEE TREASURER X X 0. 0. 0 .

(10) NICHOLAS GREVILLE 1. 00

ELECTED TRUSTEE X 0 . 0 . 0.

(11) JEFFREY E. HORVITZ 1.00

ELECTED TRUSTEE X 0. 0. 0.

(12) GRACE FEY 1.00

ELECTED TRUSTEE X 0 • 0. 0 .

(13) ELLEN JAFFE 1.00


(14) MARGARET KOERNER 1.00


(15) JODY GILL 1.00


(16) KATHERINE R. KIRK 1.00


(17) CYNTHIA REED 1.00

ELECTED TRUSTEE X 0. 1 0. 1 0 .

232007 12-10-12 Form 990 (2012)


Form 990 (2012) MUSEUM OF FINE ARTS 04-2103607 Page8.°' • Section A. vnrcers utrectors l rustees r e rm to ees ana nt nesi Gom ensatea rm to ees connnueo

(A)

Name and title

(B)

Average

hours perpweek

(C)

Position(do not check more than onebox , unless person is both anofficer and a director/trustee )

(D)


from

(E)

Reportablecompensationfrom related

(F)

Estimatedamount of

other(list anyhours forrelated


gsa

b

E

o

- _aE

a

theorganization

(W-2/1099-MISC)

organizations(W-2/1099-MISC)

compensationfrom the

organizationand related

organizations

(18) CAROL NOBLE 1.00

ELECTED TRUSTEE X 0. 0 . 0 .

(19) JOYCE LINDE 1.00

.

ELECTED TRUSTEE X 0 . 0. 0 .

(20) RICHARD LUBIN 1.00

ELECTED TRUSTEE -CHAIRMAN X X 0. 0. 0.

(21) PETER C. ALDRICH 1.00

ELECTED TRUSTEE X 0. 0 . 0.

(22) SANDRA 0. MOOSE 1.00

ELECTED TRUSTEE - PRESIDENT X X 0. 0 . 0.

(23) SCOTT NATHAN 1.00

ELECTED TRUSTEE - SECRETARY X X 0. 0 . 0.

(24) SLOCUMB HOLLIS PERRY 1. 00

ELECTED TRUSTEE X 0. 0 . 0 .

(25) ROGER SERVISON 1.00


(26) ROSE-MARIE VAN OTTERLOO 1. 00


1 b Sub -total ► 0. 0. 0.

c Total from continuation sheets to Part VII, Section A ► 2 , 786 , 860. 0 . 4 5 9 3 6 0.d Total (add lines lb and lc ) ► 2 , 786 , 860. 0. 459 360.

2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable

No

3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on

line 1 a? If "Yes," complete Schedule J for such individual 3 X

4 For any individual listed on line 1 a, is the sum of reportable compensation and other compensation from the organization

and related organizations greater than $150,000" If "Yes, " complete Schedule J for such individual 4 X

5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization or individual for services

rendered to the organization? If "Yes " complete Schedule J for such person 5 XSection B. Independent Contractors

1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from

the oroanization Report compensation for the calendar year ending with or within the organization's tax year

(A) (B) (C)Name and business address Description of services Compensation

MEDIAWORKS LLC600 BRUSH HILL RD MILTON , MA 02186 ADVERTISING 1 , 514 , 955.RESTAURANT ASSOCIATESP.O. BOX 91337 , CHICAGO , IL 60693 CATERING 1 , 130 , 147.GOPPION MUSEUM WORKSHOP INC, VIALE EDISSON5806 , TREZZANO SUL NAVIGLI , MILANO , ITALY FRAME/CASE MAKER 1 , 105 , 588.BAUPOST VALUE PARTNER LP, 10 ST. JAMES AVE INVESTMENTSUITE 1700 , BOSTON , MA 02116 MANAGEMENT 1 , 072 , 797.VARDE INVESTMENT PARTNER LP, 8500 INVESTMENTNORMANDALE LAKE BLVD.#100 MINNEAPOLIS , MN MANAGEMENT 973 209.2 Total number of independent contractors (including but not limited to those listed above) who received more than

$100 ,000 of compensation from the organization 54

232008SEE PART VII, SECTION A CONTINUATION SHEETS Form 990 (2012)

12-10-12


Form 990 (2012 ) MUSEUM OF FINE ARTS 04-2103607 Part VIII Statement of Revenue

Check if Schedule 0 contains a response to any question in this Part VIII F-1(A) (B) (C) (D)

Total revenue Related or Unrelated Revenue excludedexempt function business from tax under

s 3 o 512,revenue revenue5 1 r

3,

51 or 51400

1 a Federated campaigns la

o b Membership dues lb 8 853 376 ,

Q c Fundraising events 1c 119 127 ,

j3 d Related organizations ld

ui E e Government grants (contributions) le 296 , 281 ,ow f All other contributions, gifts, grants, and

« similar amounts not included above if 36 077524 .

cD

.

9 Noncash contributions included in lines to-it $ 3553613 .

Um h Total. Add lines 1a-1f 45 . 346 . 308 .

Business Code

2 a TUITION SCHOOL 611600 23 689 402 , 23689 , 402 ,

Z y b ADMISSION FEES INCOME 713990 5 979 075 5 , 979 . 075 ,

C EXHIBITION INCOME 713990 3 863 , 501 . 3 . 863 . 501 ,

M d EDUCATION PROGRAM REVENUE 611710 2 161 359 2 161 , 35_9

o e

f All other program service revenue

Total. Add lines 2a-2f 1111, 35 693 337 ,

3 Investment income (including dividends, interest, and

other similar amounts) 2 409 488. 672 827 1 . 736 . 661 ,

4 Income from investment of tax-exempt bond proceeds 1111.

5 Royalties Ill.

Real n Personal

6 a Gross rents 3 755 894

b Less. rental expenses 3 , 020 , 715 ,

c Rental income or (loss) 735 179.

d Net rental income or (loss) 1111. 735 179 , 306 26 , 429 , 053 ,

7 a Gross amount from sales of ( i) Securities n Other

assets other than inventory 85 500 778 , 281 , 224 ,

b Less cost or other basis

and sales expenses 52 441760. 0 ,

c Gain or (loss) 33 059 018. 281 , 224 ,

d Net gain or (loss) 11111. 33 340 242. 33 340 242

y 8 a Gross income from fundraising events (not

including $ 119 127. of

W

,

contributions reported on line 1c). See

Part IV, line 18 a 52 . 493.

b Less direct expenses b 80 , 867.

c Net income or (loss) from fundraising events 10. -28374. -28 374 ,9 a Gross income from gaming activities See

Part IV, line 19 a

b Less. direct expenses b

c Net income or (loss) from gaming activities No.

10 a Gross sales of inventory, less returns

and allowances a 5 368 609

b Less cost of goods sold b 2 592 291.

c Net income or (loss) from sales of invento ry 2 776 318 2 776 318 .Miscellaneous Revenue Business Code

11 a OTHER ANCILLARY SERVICES 900099 6 , 077 545. 6 077 839 -294

b PARKING 812930 3 , 025 540 3 , 025 , 540 ,

C FOOD SERVICES 722100 2 166 972 2 . 166 . 972 .

d All other revenue

e Total. Add lines 11a-11d 1 2270 057

12 Total revenue. See instructions. 131 - 542 , 555 .1 49 740 006 978 , 659 .1 35 477 582 ,

1210-12 Form 990 (2012)

1112350131 756948 22262 . 000 2012.06010 MUSEUM OF FINE ARTS 22262 01

Form990 (2012 ) MUSEUM OF FINE ARTS 04-2103607 Pa e10Part IX Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).

Check if Schedule 0 contains a response to any auestion in this Part IX F-1

Do not include amounts reported on lines 6b ,7b, 8b, 9b, and 10b of Part Vlll.

(A)Total expenses

(B)Program service

expenses

(C)Management andgeneral expenses

(D)Fundraisingexpenses

1 Grants and other assistance to governments and

organizations in the United States. See Part IV, line 21

2 Grants and other assistance to individuals in

the United States. See Part IV, line 22 4 , 847 , 343. 4 , 847 , 343.3 Grants and other assistance to governments,

organizations, and individuals outside the

United States See Part IV, lines 15 and 16

4 Benefits paid to or for members

5 Compensation of current officers, directors,

trustees, and key employees 2 , 103 , 543. 721 , 447. 11 083 1664. 298 , 432.6 Compensation not included above, to disqualified

persons (as defined under section 4958(f)(1)) and

persons described in section 4958(c)(3)(B)

7 Other salaries and wages 35 569 600. 28 940 995. 4 , 307 , 896. 2 , 320 , 709.8 Pension plan accruals and contributions (include

section 401(k) and 403(b) employer contributions) 2 , 334 , 258 . 1 , 837 , 909. 334 , 065. 162 , 284.9 Other employee benefits 5 , 553 , 138. 4 , 563 , 442. 681 , 945. 307 , 751.10 Payroll taxes 3 , 006 , 214. 2 , 366 , 982. 430 232. 209 000.11

aFees for services (non-employees)-

Management 2 , 257 , 346. 2 , 257 , 346.b Legal 307 828. 31 , 627. 276 201.c Accounting 275 673. 83 , 004. 1-9-2- , 669.d Lobbying

e Professional fundraising services. See Part IV, line 17

f Investment management fees 6 , 483 , 994. 1 , 021 , 862. 5 , 402 , 838. 59 , 294.g Other (If line 11g amount exceeds 10% of line 25,

column (A) amount, list line 11g expenses on Sch 0.) 1 839 , 122. 1 425 , 903. 308 , 576. 104 , 643.12 Advertising and promotion 3 , 826 , 141. 3 , 107 , 384. 718 , 757.13 Office expenses 2 , 500 , 546. 2 , 254 , 025. 107 740. 138 781.14 Information technology 1 , 332 , 970. 174 , 974. 1 , 152 , 898. 5 , 098.15 Royalties

16 Occupancy 6 , 174 , 256. 5 , 90 8 304. 265 952.17 Travel 1 , 220 , 089. 821 846. 288 376. 109 867.18 Payments of travel or entertainment expenses

for any federal, state, or local public officials

19 Conferences, conventions, and meetings

20 Interest 4 , 732 , 108. 3 , 770 , 767. 961 341.21 Payments to affiliates

22 Depreciation, depletion, and amortization 21 , 968 , 757. 21 , 378 , 509. 558 , 506. 31 , 742.23 Insurance 988 684. 519 171. 469 513.24 Other expenses. Itemize expenses not covered

above. (List miscellaneous expenses in line 24e. If line24e amount exceeds 10% of line 25, column (A)amount, list line 24e expenses on Schedule 0.)

a PURCHASE WORKS OF ART 13 471 959. 13 471 959.b EXHIBITION & SPEC. PROG 5 , 758 , 910. 5 , 758 , 910.c OTHER GENERAL & ADMINST 4 , 759 , 307. 3 646 567. 245 628. 867 112.d EQUIPMENT & RENTAL 4 , 301 , 768. 4 , 135 , 923. 126 601. 39 , 244.e All other expenses 4 1 785 , 310. 3 , 878 , 847. 773 389. 133 074.

25 Total functional e xp enses . Add lines 1 throu g h 24e 140 ,398, 864. 116 ,925 ,046. 18 , 686 , 787. 4 , 787 , 031.26 Joint costs . Complete this line only if the organization

reported in column (B) joint costs from a combined

educational campaign and fundraising solicitation.

Check here 10, = if followin g SOP 98-2 (ASC 958-720)

232010 12-10-12 Form 990 (2012)


Balance

Check if Schedule 0 contains a response to any question in this Part X U

(A) (B)Beginning of year End of year

1 Cash - non-interest-bearing - - 12 , 534 , 287. 1 10 3 95 , 107.2 Savings and temporary cash investments 56 , 001 , 369. 2 58 , 358 , 352.3 Pledges and grants receivable, net 76 , 165 , 395. 3 67 , 729 , 533.4 Accounts receivable, net - - 1 , 217 , 998. 4 1 , 592 , 261.5 Loans and other receivables from current and former officers, directors,

trustees, key employees, and highest compensated employees Complete

Part I l of Schedule L 7 2 7 5 0. 5 215 , 000.6 Loans and other receivables from other disqualified persons (as defined under

section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing

employers and sponsoring organizations of section 501(c)(9) voluntary

employees' beneficiary organizations (see instr) Complete Part II of Sch L 6

7 Notes and loans receivable, net 7

8 Inventories for sale or use 1 , 760 , 802. 8 1 , 835 , 666.9 Prepaid expenses and deferred charges - 2 , 128 , 154. 9 2 , 119 , 478.10a Land, buildings, and equipment cost or other

basis Complete Part VI of Schedule D 10a 600 , 929 , 011.b Less. accumulated depreciation lob 184 , 304 , 512. 435 , 464 , 156. loc 416 , 624 , 499.

11 Investments - publicly traded securities 352 , 776 , 877. 11 368 , 360 , 867.12 Investments - other securities See Part IV, line 11 194 , 259 , 362. 12 217 , 678 , 350.13 Investments - program-related See Part IV, line 11 13

14 Intangible assets 14

15 Other assets. See Part IV, line 11 3 , 478 , 736. 15 3 , 685 , 982.16 Total assets . Add lines 1 throu gh 15 must eq ual line 34 1 135 859 886 16 1 148 595 095 ,

17 Accounts payable and accrued expenses 17 , 570 , 826. 17 16 , 597 , 441.18 Grants payable 18

19 Deferred revenue 3 , 564 , 650. 19 3 , 286 , 833.20 Tax-exempt bond liabilities 180 , 000 , 000. 20 175 , 000 , 000.

0 21 Escrow or custodial account liability Complete Part IV of Schedule D 21

•- 22 Loans and other payables to current and former officers, directors, trustees,

key employees, highest compensated employees, and disqualified persons.

Complete Part II of Schedule L 22

23 Secured mortgages and notes payable to unrelated third parties 23

24 Unsecured notes and loans payable to unrelated third parties 3 , 087 , 176. 24 2 , 777 , 140.25 Other liabilities (including federal income tax, payables to related third

parties, and other liabilities not included on lines 17-24) Complete Part X of

ScheduleD 42 839 536. 25 30 053 969.26 Total liabilities . Add lines 17 throug h 25 247 , 062 , 188. 26 1 227 , 715 , 383.

Organizations that follow SFAS 117 (ASC 958), check here ► ® and

complete lines 27 through 29, and lines 33 and 34.

27 Unrestricted net assets 202 , 221 , 899. 27 199 , 905 , 447.m 28 Temporarily restricted net assets 407 , 241 , 749. 28 436 , 237 , 193.a 29 Permanently restricted net assets 279 , 334 , 050. 29 284 , 737 , 072.

Organizations that do not follow SFAS 117 (ASC 958), check here oop.0LLo and complete lines 30 through 34.

30 Capital stock or trust principal, or current funds 30

Q 31 Paid-in or capital surplus, or land, building, or equipment fund 31

32 Retained earnings, endowment, accumulated income, or other funds 32

Z 33 Total net assets or fund balances 1888, 797 ,698. 1 33 92 0 8 79 , 712 .34 Total liabilities and net assets/fund balances 1 , 135 859 886 34 1 148 595 095 ,

Form 990 (2012)

23201112-10-12


Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e12Part XI Reconciliation of Net Assets

Check if Schedule 0 contains a response to any question in this Part XI

1 Total revenue (must equal Part VIII, column (A), line 12) 1 131 5 4 4 5 5 5 .

2 Total expenses (must equal Part IX, column (A), line 25) 2 140 , 398 , 864.3 Revenue less expenses Subtract line 2 from line 1 3 -8 , 856 , 309.4 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) 4 888 797 , 698.5 Net unrealized gains (losses) on investments 5 28 , 948 , 747.6 Donated services and use of facilities 6 878 , 724.

7 Investment expenses 7

8 Prior period adjustments 8

9 Other changes in net assets or fund balances (explain in Schedule 0) 9 11 , 110 , 852.10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33,

column (B)) io 9 2 0 879 , 712.Part XII Financial Statements and Reporting

Check if Schedule 0 contains a res ponse to any question in this Part XII El

Yes No

1 Accounting method used to prepare the Form 990 . 0 Cash ® Accrual 0 Other

If the organization changed its method of accounting from a pnor year or checked "Other," explain in Schedule O.

2a Were the organization's financial statements compiled or reviewed by an independent accountant?

If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a

separate basis , consolidated basis, or both

Separate basis 0 Consolidated basis ci Both consolidated and separate basis

b Were the organization ' s financial statements audited by an independent accountant?

If "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis,

consolidated basis , or both

0 Separate basis ® Consolidated basis 0 Both consolidated and separate basis

c If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit,

review , or compilation of its financial statements and selection of an independent accountant?

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0

3a As a result of a federal award , was the organization required to undergo an audit or audits as set forth in the Single Audit

Act and OMB Circular A-133?

b If "Yes ," did the organization undergo the required audit or audits? If the organization did not undergo the required audit

or audits. explain why in Schedule 0 and describe any steps taken to underao such audits

23201212-10-12

1412350131 756948 22262.000 2012.06010 MUSEUM OF FINE ARTS

Form 990 (2012)

2226201

SCHEDULE A

(Form 990 or 990-EZ)

Department of the Treasury

Internal Revenue Service

Public Charity Status and Public SupportOMB No 1545-0047

Complete if the organization is a section 501(c)( 3) organization or a section 2012

4947(a)(1) nonexempt charitable trust. Open to Public

110- Attach to Form 990 or Form 990-EZ. 10- See separate instructions. Inspection

Name of the organization I Employer identification number

."7012rnur nt' L'T*TV TDmc nA_') 1 nzrn7

PartI Reason for Public Charity Status (All organizations must complete this part) See Instructions.

The organization is not a private foundation because it is- (For lines 1 through 11, check only one box)

1 0 A church, convention of churches , or association of churches described in section 170(b)(1)(A)(i).

2 0 A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

3 0 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

4 Q A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital 's name,

city, and state*

5 0 An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv ). (Complete Part II )

6 0 A federal, state , or local government or governmental unit described in section 170(b)(1)(A)(v).

7 ® An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in

section 170(b)(1)(A)(vi ). (Complete Part II.)

8 0 A community trust described in section 170(b)(1)(A)(vi ). (Complete Part II.)

9 0 An organization that normally receives- ( 1) more than 33 1/3% of its support from contributions , membership fees, and gross receipts from

activities related to its exempt functions - subject to certain exceptions , and (2) no more than 33 1/3% of its support from gross investment

income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975

See section 509(a)(2). (Complete Part III )

10 0 An organization organized and operated exclusively to test for public safety . See section 509(a)(4).

110 An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or

more publicly supported organizations described in section 509 (a)(1) or section 509(a)(2) See section 509(a)(3). Check the box that

describes the type of supporting organization and complete lines 11e through 11h.

a El Type I b = Type II c = Type III - Functionally integrated d El Type III - Non-functionally integrated

e[ By checking this box , I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than

foundation managers and other than one or more publicly supported organizations described in section 509 (a)(1) or section 509(a)(2)

f If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III

supporting organization , check this box El

g Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?

(i) A person who directly or indirectly controls , either alone or together with persons described in (I) and ( iii) below, Yes No

the governing body of the supported organization? 11 i

(ii) A family member of a person described in (I) above'? 11 ii

(iii) A 35% controlled entity of a person described in () or (II) above?

h Provide the following information about the supported organization(s)

Name of supported()organization

(ii)() (iii) Type of organization(described on lines 1-9above or IRC section

iv) Is the organizationi n col. (i) listed in yourgoverning document?

(v) Did you notify theorganization in col.(i) of your support?

(vi) Is theorganization in col.(i) organized in the

U.S.?

(vii) Amount of monetary

support

(see instructions ))Yes No Yes No Yes No

Total

LHA For Paperwork Reduction Act Notice , see the Instructions for Schedule A (Form 990 or 990-EZ) 2012

Form 990 or 990-EZ.

23202112-04-12


Schedule A Form 990 or 990-EZ 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e 2I.Part II Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)

(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III If the organization

fails to qualify under the tests listed below, please complete Part III.)

Section A. Public SupportCalendar year ( or fiscal year beginning in)► (a ) 2008 (b) 2009 c 2010 (d) 2011 (e ) 2012 Total

1 Gifts, grants, contributions, and

membership fees received (Do not

include any "unusual grants.") 53 382 292 49 987 517 67 506 438 53 736 302 45 346 308 269 958 857

2 Tax revenues levied for the organ-

ization's benefit and either paid to

or expended on its behalf

3 The value of services or facilities

furnished by a governmental unit to

the organization without charge

4 Total. Add lines 1 through 3 53 382 292 , 49 987 517 , 67.506.438, 53736302 , 45 346 308 269 958 , 857 ,

5 The portion of total contributions

by each person (other than a

governmental unit or publicly

supported organization) included

on line 1 that exceeds 2% of the

amount shown on line 11,

column (f) 29 . 026 . 004 .

6 Public suort.Subtractlne5fromline4 240 932 853

Section B. Total SupportCalendar year ( or fiscal year beginning in)►7 Amounts from line 4

8 Gross income from interest,

dividends, payments received on

securities loans, rents, royalties

and income from similar sources

9 Net income from unrelated business

activities, whether or not the

business is regularly carried on

10 Other income Do not include gain

or loss from the sale of capital

assets (Explain in Part IV)

11 Total support. Add lines 7 through 10

( a ) 2008 (b) 2009 (c) 2010 (d) 2011 (e ) 2012 Total

53 , 382 , 292 , 49 , 987 517 , 67 506 438_53_ 736 302 45 346 308. 269 , 958 857

5 . 266 . 330 . 3 . 356 . 102. 2 . 974 . 922 . 2.891.464. 2.409.488. 16 898 306.

669 405. 522 586. 849 , 234. 2 041 225.

288 898 388.

12 Gross receipts from related activities , etc. (see instructions) 12 F-248 , 527 , 335.

13 First five years. If the Form 990 is for the organization 's first, second, third, fourth, or fifth tax year as a section 501(c)(3)

organization , check this box and stop here ►0Section C . Computation of Public Support Percentage

14 Public support percentage for 2012 (line 6, column (f) divided by line 11, column (f)) - 14 8 3 . 4 0 %

15 Public support percentage from 2011 Schedule A, Part II, line 14 15 8 0 . 2 3 %

16a 33 1 /3% support test - 2012. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box and

stop here. The organization qualifies as a publicly supported organization ► ETE]

b 33 1 /3% support test - 2011 . If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this box

and stop here . The organization qualifies as a publicly supported organization ►017a 10% -facts-and-circumstances test - 2012. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more,

and if the organization meets the "facts-and-circumstances" test, check this box and stop here . Explain in Part IV how the organization

meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ►0b 10% -facts -and-circumstances test - 2011 . If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or

more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here . Explain in Part IV how the

organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization ►018 Private foundation . If the organization did not check a box on line 13. 16a. 16b. 17a. or 17b. check this box and see instructions ►

Schedule A (Form 990 or 990-F1) 2012

23202212-04-12


Schedule A (Form 990 or 990-EZ) 2012 Page 3Part III Support Schedule for Organizations Described in Section 509(a)(2)

(Complete only if you checked the box on line 9 of Part I or If the organization failed to qualify under Part II If the organization falls to

qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year ( or fiscal year beginning in) ► ( a ) 2008 (b) 2009 c 2010 (d) 2011 (e ) 2012 Total

1 Gifts, grants, contributions, and

membership fees received (Do not

include any "unusual grants ")

2 Gross receipts from admissions,merchandise sold or services per-formed, or facilities furnished inany activity that is related to theorganization's tax-exempt purpose

3 Gross receipts from activities that

are not an unrelated trade or bus-

iness under section 513

4 Tax revenues levied for the organ-

ization's benefit and either paid to

or expended on its behalf

5 The value of services or facilities

furnished by a governmental unit to

the organization without charge

6 Total . Add lines 1 through 5

7a Amounts included on lines 1, 2, and

3 received from disqualified persons

b Amounts included on lines 2 and 3 received

from other than disqualified persons that

exceed the greater of $5,000 or 1% of the

amount on line 13 for the year

c Add lines 7a and 7b

8 Public support Subtract line 7c from line 6

Section B. Total Support

Calendar year ( or fiscal year beginning in) ►9 Amounts from line 6

10a Gross income from interest,dividends, payments received onsecurities loans, rents, royaltiesand income from similar sources

b Unrelated business taxable income

(less section 511 taxes) from businesses

acquired after June 30, 1975

11

12

13

14

c Add lines 1 Oa and 1 ObNet income from unrelated businessactivities not included in line 1 Ob,whether or not the business isregularly carned on .Other Income Do not include gainor loss from the sale of capitalassets (Explain in Part IV.)Total support (Add lines 9, 10c, 11, and 12

a 2008 (b) 2009 c 2010 (d) 2011 a 2012 Total

First five years . If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3) organization,

check this box and stop here ►0Section C_ Comnutation of Public Sunnort Percentage

17 Investment income percentage for 2012 (line 10c, column (f) divided by line 13, column (f))

18 Investment income percentage from 2011 Schedule A, Part III, line 17

19a 33 1 /30/6 support tests - 2012 . If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not

more than 33 1/3%, check this box and stop here . The organization qualifies as a publicly supported organization - 10.1-1

b 33 1 /3% support tests - 2011 . If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3%, and

line 18 is not more than 33 1/3%, check this box and stop here . The organization qualifies as a publicly supported organization ►020 Private foundation . If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ►232023 12-04-12 Schedule A (Form 990 or 990-EZ) 2012


Section D. Computation of Investment Income Percentage

SCHEDULE D Supplemental Financial StatementsUMtl NO 1540-UU41

(Form 990) ► Complete if the organization answered "Yes," to Form 990, 2012Part IV, line 6, 7, 8, 9, 10 , 1la, 11b , 11c, 11d , 1le, 11i, 12a, or 12b. Open to Public

Department of the TreasuryInternal Revenue Service ► Attach to Form 990. ► See separate instructions . Inspection

Name of the organization Employer identification number

MUSEUM OF FINE ARTS 04-2103607Part 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 chartable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring

im permissible 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

a Total number of conservation easements

b Total acreage restricted by conservation easements

c Number of conservation easements on a certified historic structure included in (a)

d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure

listed in the National Register

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? EJ 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)(il)? 0 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

la 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 ► $

(li) 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 ► $

b Assets Included in Form 990, Part X ► $

LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990.23205112-10-12

Schedule D (Form 990) 2012


Schedule D Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e 2Part

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

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

la Is the organization an agent , trustee, custodian or other intermediary for contnbutions or other assets not included

on Form 990, Part X9 0 Yes 0 No

b If "Yes." explain the arrangement in Part XIII and complete the following table*

c Beginning balance

d Additions during the year

e Distributions during the year

f Ending balance

2a Did the organization include an amount on Form 990, Part X, line 21?

b If "Yes," explain the arrangement in Part XIII. Check here if the explar

Amount

1c

1d

1e

if

Yes No

PartV I Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10

1a Beginning of year balance

b Contributions

c Net investment earnings, gains, and losses

d Grants or scholarships

e Other expenditures for facilities

and programs

f Administrative expenses

g End of year balance

( a ) Current year (b) Prior year c Two ye back (d) Three years back (e ) Four years back

536 , 522 379 , 572 150 721 484 035 285. 431 307 346. 565 . 221 . 813 ,

8 , 719 , 819 , 5 742 352 17 284 493 15 , 286 729 , 14 883 , 910

44 , 307 , 413 , -29 626 689 88 079 218. 51 , 488 , 970 , -132 , 050 , 777_

800 , 395 , 766 . 060 . 789 747. 825 952 886 . 089 ,

9 610 , 823 , 8 , 241 , 157 , 11 , 728 , 460 9 099 257. 13 208 912 ,

5 257 383 , 2 736 788 , 4 730 068. 4 122 , 551 , 2 652 599

573 , 881 , 010 , 536 , 522 , 379 , 572 150 721. 484 035 285 431 307 , 346 ,

2 Provide the estimated percentage of the current year end balance (line 1 g, column (a)) held as

a Board designated or quasi-endowment ► 1.00 %

b Permanent endowment ► 43.00 %

c Temporarily restricted endowment ► 56.00 %

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:

(i) unrelated organizations

Yes No

3ai X

Part VI Land, Buildings , and Equipment . See Form 990, Part X, line 10

(ii) related organizations 3a( ii ) X

b If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R?

4 Describe in Part XIII the intended uses of the organization's endowment funds.

Description of property (a) Cost or other

basis (investment)(b) Cost or other

basis (other)(c) Accumulateddepreciation

(d) Book value

la Land 20 304 653. 20 304 653.b Buildings 530 1 002 1 662. 160 , 045 , 271. 369 , 957 , 391-c Leasehold improvements

d Equipment 49 007 903. 24 , 259 , 241. 24 748 662.e other 1 , 613 , 793. 1 1 , 613 , 793.

Total. Add lines 1 a throug h 1 e (Column d must equal Form 990, Part X column (B), line 10(c) ) 416 624 , 499.Schedule D (Form 990) 2012

23205212-10-12


1ITTLWL+TTIf ^T., imTT1t' TDRIo AA Al A']CA"

Part VII Investments - Other Securities . See Form 990, Part X , line 12(a) Description of security or category (including name of secu rity) (b) Book value (c) Method of valuation * Cost or end-of-year market value

(1) Financial derivatives

(2) Closely-held equity interests 195 , 643 , 00 0. END-OF-YEAR MARKET VALUE(3) Other

A BENEFICIAL INTEREST INB PERPETUAL TRUST 22 035 350. END-OF-YEAR MARKET VALUE

(C )(D)

(G)

(H )

Total. ( Col. ( b ) must e q ual Form 990 , Part X , col. ( B ) line 12 . ) 217 , 678 , 350.Part VIII I Investments - Proaram Related . See Form 990. Part X. line 13

(a) Description of investment type (b) Book value (c) Method of valuation Cost or end-of-year market value

( 1 )

(2)

(3 )

(4 )

(5)

(6)

( 7 )

(8)

(9)

( 10)Total ( Col. ( b ) must eq ual Form 990 , Part X , col. ( B ) line 13. )

23205312-10-12


2. FIN 48 (ASC 740) Footnote. 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 0


D (Form 990) 2012 -2103607 Paae4Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return

1 Total revenue, gains , and other support per audited financial statements 1 172 , 611 , 242.2 Amounts included on line 1 but not on Form 990, Part VIII, line 12.

a Net unrealized gains on investments 2a 28 , 948 , 747.b Donated services and use of facilities _ 2b 878 724.c Recoveries of prior year grants 2c

d Other (Describe in Part XI II) 2d 16 , 417 , 732.e Add lines 2a through 2d 2e 46 , 245 , 203.

3 Subtract line 2e from line 1 3 126 , 366 , 039.4 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 5 , 257 , 383.

b Other (Describe in Part XIII) 4b -80 , 867.

c Add lines 4a and 4b 4c 5,176,516.

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return

1 Total expenses and losses per audited financial statements 1 140 , 529 , 228.2 Amounts included on line 1 but not on Form 990, Part IX, line 25-

a Donated services and use of facilities 2a

b Prior year adjustments 2b

c Other losses 2c

d Other (Describe in Part XIII.) 2d 5 , 387 , 747.e Add lines 2a through 2d 2e 5 , 387 , 747.

3 Subtract line 2e from line 1 3 135 , 141 , 481.4 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 5 , 257 , 383.b Other (Describe in Part XIII.) 4b

c Add lines 4a and 4b 4c 5,257,383.5 Total expenses Add lines 3 and 4c. (This must equal Form 990. Part 1. line 18.) 5 140.398.864.Part A111 I supplemental Intormation

Complete this part to provide the descriptions required for Part 11, lines 3 , 5, and 9; Part III, lines 1 a and 4 , Part IV , lines 1 b 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

PART III, LINE 1A: IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART

MUSEUMS, THE COSTS OF WORKS OF ART ARE CHARGED DIRECTLY TO THE FUNDS

AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED. THE VALUE OF OBJECTS

ACQUIRED BY GIFT CANNOT BE REASONABLY ESTIMATED AND, THEREFORE, ARE NOT

RECORDED IN THE STATEMENT OF ACTIVITIES.

PART III, LINE 4: THE MUSEUM OF FINE ARTS, BOSTON WAS FOUNDED IN 1870

FOR THE PURPOSES OF "ERECTING A MUSEUM FOR THE PRESERVATION AND EXHIBITION


23205412-10-12


ScheduleD (Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e5Part XIII Supplemental Information (continued)

OF WORKS OF ART, OF MAKING, MAINTAINING AND EXHIBITING COLLECTIONS OF SUCH

WORKS, AND OF AFFORDING INSTRUCTION IN THE FINE ARTS." THE COLLECTIONS

ARE CENTRAL TO THE MUSEUM'S ENDEAVORS, AND TO FOSTERING THE UNDERSTANDING

AND ENJOYMENT OF ORIGINAL WORKS OF ART. THE MFA IS ONE OF THE WORLD'S

GREAT ENCYCLOPEDIC INSTITUTIONS AND AS SUCH ACTIVELY COLLECTS WORKS OF ART

FROM ALL TIME PERIODS AND ACROSS ALL CONTINENTS. ALL THE WORKS OF ART

CONTRIBUTE TO THE MUSEUM'S GUIDED TOURS, LECTURES, FILMS, GALLERY TALKS,

CONCERTS, ARTS FESTIVALS, EDUCATION PROGRAMS, INTER-MUSEUM LOAN,

PERMANENT, TEMPORARY AND TRAVELING EXHIBITIONS, WHICH FULFILL ITS MISSION.

PART V, LINE 4: THE MUSEUM'S ENDOWMENT IS UTILIZED TO SUPPORT THE

MISSION OF THE MUSEUM, INCLUDING THE PRESERVATION, EXHIBITION AND

MAINTENANCE OF THE MUSEUM'S COLLECTION, AS WELL AS VARIOUS EDUCATION AND

OTHER PROGRAMS OF THE MUSEUM. THE MUSEUM'S ENDOWMENT CONSISTS OF NEARLY

800 INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS.

PART XI. LINE 2D - OTHER ADJUSTMENTS:

CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1 ,833, 731.

CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 12 ,944, 583.

COST OF SALES - MERCHANDISING OPERATIONS 2 ,592, 291.

RENTAL EXPENSES 2 ,714, 589.

TOTAL TO SCHEDULE D, PART XI, LINE 2D 16 ,417, 732.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

ART IN BLOOM EXPENSE NET WITH REVENUE -80,867.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

COST OF SALES - MERCHANDISING OPERATIONS 2,592,291.Schedule D (Form 990) 2012

23205512-10-12


Schedule D Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e 5Part XIII Supplemental Information (continued)

ART IN BLOOM EXPENSE NET WITH REVENUE 80,867.

RENTAL EXPENSES 2,714,589.

TOTAL TO SCHEDULE D, PART XII, LINE 2D 5,387,747.

Schedule D (Form 990) 201223205512-10-12


SCHEDULE F-(Form 990)

Department of the TreasuryInternal Revenue Service


riuozurl Ur r LaZ lin,.-.7 v'!-16lu.7ov 7

Part I General Information on Activities Outside the United States . Complete if the organization answered "Yes"

to Form 990, Part IV, line 14b.

1 For grantmakers . Does the organization maintain records to substantiate the amount of its grants and other assistance,

the grantees' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance? Yes 0 No

2 For grantmakers . Describe in Part V the organization's procedures for monitoring the use of its grants and other assistance outside the

United States

A ArfivitiaQ nor Raninn (Tha fnllnwinn Part I lino A tahla can he r1i inhraTarl if nrlriitinnni snares is naariar1 1

(a) Region ( b) Number ofoffices

in the region

(c) Number ofemployees ,agents , andinde pendentcontractors

in reg ion

(d) Activities conducted in region(by type) (e g , fundraising , program

services, investments , grants torecipients located in the region )

(e) If activity listed in (d)

is a program service ,describe specific type

of service (s) in region

(f) Totalexpenditures

for andinvestments

in region

CENTRAL AMERICA AND

THE CARIBBEAN 0 0 INVESTMENT / A 84 874 337.

3 a Sub -total 0 0 84 . 874 . 337 .

b Total from continuation

sheets to Part I 0 0 0 .

c Totals (add lines 3a

and 3b 0 0 84 874 337

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990.

23207112-10-12


Statement of Activities Outside the United States OMB No 1545-004

► Complete if the organization answered "Yes" to Form 990, 2012Part IV, line 14b, 15, or 16.

Pop- Attach to Form 990. See separate instructions. Open to PublInspection

Schedule F (Form 990) 2012

2226201

ScheduleF (Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Page 2Part II Grants and Other Assistance to Organizations or Entities Outside the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any

recipient who received more than $5,000. Part II can be duplicated if additional space is needed

1(a) Name of organization

(b) code section()and EIN (if applicable) (c) Region

(d) Purpose of

grant

(e) Amount

of cash grant

(f) Manner of

cash disbursement

(g) Amount ofnon-cashassistance

(h) Descriptionof non-cashassistance

(i) Method ofvaluation (book, FMV,

appraisal, other)

2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt bythe IRS, or for which the grantee or counsel has provided a section 501 (c)(3) equivalency letter 110.

3 Enter total number of other organizations or entities 0.


23207212-10-12 30

Schedule F (Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Page 3

Part III Grants and Other Assistance to Individuals Outside the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 16.

Part III can hA rlunhcatAd if additional snare is naeded

(a) Type of grant or assistance (b) Region(c) Number of

recipients(d) Amount ofcash grant

(e) Manner ofcash disbursement

(f) Amount ofnon-cashassistance

(g) Description ofnon-cash assistance

(h) Method ofvaluation

(book, FMV,appraisal, other)


23207312-10-12 31

ScheduleF (Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Page 4Part IV Foreign Forms

I Was the organization a U.S transferor of property to a foreign corporation during the tax year? If " Yes,' the

organization may be required to file Form 926, Return by a U S. Transferor of Property to a Foreign

Corporation (see Instructions for Form 926) ® Yes 0 No

2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization

maybe required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and

Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With

a U S. Owner (see Instructions for Forms 3520 and 3520-A) 0 Yes ® No

3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes,"

the organization may be required to file Form 5471, Information Return of U S. Persons With Respect To

Certain Foreign Corporations (see Instructions for Form 5471)

4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a

qualified electing fund during the tax year? If "Yes, " the organization maybe required to file Form 8621,

Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund

(see instructions for Form 8621)

5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes, "

the organization may be required to file Form 8865, Return of U S Persons With Respect To Certain

Foreign Partnerships (see Instructions for Form 8865)

6 Did the organization have any operations in or related to any boycotting countries during the tax year? If

"Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions

for Form 5713)

® Yes 0 No

® Yes 0 No

® Yes LI No

=Yes ® No

23207412-10-12



2226201

Schedule F Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Page 5Part V Supplemental Information

Complete this part to provide the information required by Part I, line 2 (monitoring of funds), Part I, line 3, column (f) (accounting method,

amounts of investments vs expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column

(c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information.

232075 12-10-12



2226201

SCHEDULE G

(Form 990 or 990-EZ)Supplemental Information Regarding OMB No 1545-0047

Fundraising or Gaming Activities 21112Complete if the organization answered "Yes" to Form 990, Part IV, lines 17 , 18, or 19,

Open To PublicDepartment of the Treasury or if the organization entered more than $15,000 on Form 990-EZ, line 6a.Internal Revenue Service

1 10, Attach to Form 990 or Form 990-EZ . Jim, See separate instructions. Inspection


MUSEUM OF FINE ARTS 104-2 1 03607

Part I Fundraising Activities . Complete if the organization answered "Yes" to Form 990, Part IV , line 17. Form 990- EZ filers are notrequired to complete this part.

1 Indicate whether the organization raised funds through any of the following activities Check all that apply.

a Mail solicitations e Solicitation of non-government grants

b Internet and email solicitations f Solicitation of government grants

c Phone solicitations g 0 Special fundraising events

d In-person solicitations

2 a Did the organization have a written or oral agreement with any individual (including officers , directors , trustees or

key employees listed in Form 990, Part VII ) or entity in connection with professional fundraising services? Yes 0 No

b If "Yes ," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to be

compensated at least $5 , 000 by the organization

(i) Name and address of individualor entity (fundraiser)

(ii) Activity

(ii i) Did

haun9ra i scustody

or control ofcontributions ?

(iv) Gross receiptsfrom activity

(v) Amount paidto (or retained by)

fundraiserlisted in col (i)

(vi) Amount paidto (or retained by)

organization

Yes No

Total

3 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration

or licensing.

LHA Paperwork Reduction Act Notice , see the Instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2012

23208101-07-13


ScheduleG (Form 990or990 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e2Part II Fundraising Events . Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000

of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b List events with gross receipts greater than $5,000.

(a) Event #1 (b) Event #2 (c) Other events(d) Total events

NONE (add col (a) throughT IN BLOOM col (c))

(event type) (event type) (total number)mc

ZD 1 Gross receipts 171 , 620. 171 , 620.

2 Less Contributions 119 , 127. 119 , 127.

3 Gross income line 1 minus line 2) 52 , 493. 52 , 493.

4 Cash prizes

5 Noncash prizes

mC6 Rent/facility costs

CL

t5 7 Food and beverages

0

8 Entertainment

9 Other direct expenses 80 , 867. 1 80 , 867.

10 Direct expense summary. Add lines 4 through 9 in column (d) 80 , 867

11 Net income summary Combine line 3 , colum n (d ), and line 10 -28 , 374.Part III Gaming . Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than

$15,000 on Form 990-EZ, line 6a

ID (a) Bingo (b) Pull tabs/instant (c) Other gaming (d) Total gaming (addTbingo/progressive bingo col (a) through col (c))

u, 2 Cash prizes

Cmc• 3 Noncash prizes

U

2 4 Rent/facility costs0

5 Other direct expenses

0 Yes % Yes % =Yes %

6 Volunteer labor No = No No

7 Direct expense summary . Add lines 2 through 5 in column (d)

8 Net gamin g income summary Combine line 1 , column d , and line 7

9 Enter the state (s) in which the organization operates gaming activities

a Is the organization licensed to operate gaming activities in each of these states ? EJ Yes 0 No

b If "No ," explain

10a Were any of the organization ' s gaming licenses revoked , suspended or terminated during the tax year? 0 Yes 0 No

b If "Yes," explain.

232082 01-07-13 Schedule G (Form 990 or 990-EZ) 2012


Schedule G (Form 990 or 990-EZ) 2012 MUSEUM OF FINE ARTS 04-2103607 Paqe3

11 Does the organization operate gaming activities with nonmembers? 0 Yes No

12 Is the organization a grantor , beneficiary or trustee of a trust or a member of a partnership or other entity formed

to administer chantable gaming? 0 Yes 0 No

13 Indicate the percentage of gaming activity operated in-

a The organization 's facility 13a %

b An outside facility 13b %

14 Enter the name and address of the person who prepares the organization's gaming/special events books and records

Name ►

Address ►

15a Does the organization have a contract with a third party from whom the organization receives gaming revenue? Yes No

b If "Yes ," enter the amount of gaming revenue received by the organization ► $ and the amount

of gaming revenue retained by the third party ► $

c If "Yes," enter name and address of the third party

Name ►

Address ►

16 Gaming manager information

Name ►

Gaming manager compensation ► $

Description of services provided ►

0 Director/officer 0 Employee LI Independent contractor

17 Mandatory distnbutions-

a Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? 0 Yes 0 No

b Enter the amount of distributions required under state law to be distributed to other exempt organizations or spent in the

organization's own exempt activities during the tax year Pil, $

Part IV Supplemental Information . Complete this part to provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III,

lines 9, 9b, 1 Ob, 15b, 15c, 16, and 17b, as applicable Also complete this part to provide any additional information (see instructions)

232083 01 -07-13 Schedule G (Form 990 or 990-EZ) 2012


SCHEDULEI

(Form 990) Grants and Other Assistance to Organizations,

Governments , and Individuals in the United States

Department of the Treasury Complete if the organization answered "Yes" to Form 990, Part IV, line 21 or 22.Internal Revenue Service ► Attach to Form 990.

Name of the organization

General Information on Grants and Assistance

OMB No 1545-0047

2012Open to Public

Inspection

Employer identification numberflA-71 fl'AF(17

Does the organization maintain records to substantiate the amount of the grants or assistance , the grantees ' eligibility for the grants or assistance , and the selection

criteria used to award the grants or assistance '? ® Yes 0 No2 Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.Part II Grants and Other Assistance to Governments and Organizations in the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 21, for any

recipient that received more than $5,000 Part II can be duplicated if additional space is needed.

1 (a) Name and address of organizationor government

(b) EIN (c) IRC sectionif applicable

(d) Amount ofcash grant

(e) Amount ofnon-cashassistance

(f) Method ofvaluation (book,FMV, appraisal,

other)

(g) Description ofnon-cash assistance

(h) Purpose of grantor assistance

2 Enter total number of section 501 (c)(3) and government organizations listed in the line 1 table ►3 Enter total number of other organizations listed in the line 1 table ►

LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990. Schedule I (Form 990) (2012)

23210112-18-12 37

Schedule I 4-21Part III Grants and Other Assistance to Individuals in the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 22.

Part III can be duplicated if additional space is needed

(a) Type of grant or assistance (b) Number of

recipients

(c) Amount of

cash grant(d) Amount of non-

cash assistance(e) Method of valuation

(book , FMV, appraisal, other)(f) Description of non-cash assistance

STUDENT FINANCIAL AID - OPERATING FUNDS

SCHOLARSHIP 435 3 892 881. 0

STUDENT FINANCIAL AID - ENDOWED FUNDS SCHOLARSHIP 158 651 . 688 . 0.

STUDENT FINANCIAL AID - FULL SCHOLARSHIP 7 138 739 , 0 .

STUDENT FINANCIAL AID - EMPLOYEE WAIVERS 1 26 990. 0

STUDENT TRAVEL AWARDS 22 108 693 0

Part IV I Supplemental Information . Complete this part to provide the information required in Part I line 2, Part III column (b), and any other additional information.

SCHEDULE I, PART I, LINE 2: 99% OF TOTAL GRANTS AND OTHER ASSISTANCE ARE

RELATED TO INSTITUTIONAL FINANCIAL AID FOR WHICH STUDENTS APPLY THROUGH THE

FINANCIAL AID OFFICE. ALL AID IS AWARDED BASED ON CERTAIN GUIDELINES AND IS

CREDITED DIRECTLY TO STUDENTS' TUITION ACCOUNTS. ALL AWARDS ARE DIRECTLY

RELATED TO THE STUDENTS' EDUCATION AT THE INSTITUTION'S PHYSICAL LOCATION

IN THE UNITED STATES. IN ADDITION TO MANDATORY CLASS ATTENDANCE, STUDENTS

ARE REQUIRED TO COMPLETE A REVIEW OF ART WITH INSTRUCTORS AT THE END OF

EACH SEMESTER TO RECEIVE CREDIT. TRAVELING SCHOLAR GRANTS ARE AWARDED TO

ALUMNI BASED UPON A PROPOSAL AND PORTFOLIO GRADING. TRAVELING SCHOLARS

232102 12-18 - 12 38 Schedule I (Form 990) (2012)

Schedule I ( Form 990) MUSEUM OF FINE ARTS 04-2103607 Page 2Part III Continuation of Grants and Other Assistance to Individuals in the United States (Schedule I (Form 990), Part III )

(a) Type of grant or assistance (b) Number ofrecipients

(c) Amount ofcash grant

(d) Amount of non-cash assistance

(e) Method ofvaluation (book, FMV,

appraisal, other)

(f) Description of non-cash assistance

FACULTY ENRICHMENT AWARD PROGRAMS 21. 19 444. 0,

STUDENT FINANCIAL AID - INSTITUTIONAL U PLAN

CONTRIBUTIONS 3 . 8 , 908. 0 .

Schedule I (Form 990)

23224205-01-12 39

Schedule I Form 990 MUSEUM OF FINE ARTS 04-2103607 Pa e 2Part IV Supplemental Information

WORKS ARE REVIEWD BY COMMITTEE A YEAR LATER AND ONE INDIVIDUAL IS SELECTED

FOR A ONE PERSON SHOW AT THE MFA. FACULTY ENRICHMENT AWARDS ARE GIVEN TO

CURRENT, ON-SITE FACULTY MEMBER TO PURSUE VARIOUS PROJECTS.

23229105-01-12

Schedule I (Form 990)


SCHEDULE J' (Form 990)



ardin

Employer identification number

nA_11 f'1gl7

la Check the appropriate box(es ) if the organization provided any of the following to or for a person listed in Form 990,

Part VII, Section A, line 1 a 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 indemnification and gross-up payments ® Health or social club dues or initiation fees

Discretionary spending account Q Personal services (e g , maid , chauffeur, chef)

b If any of the boxes on line la 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

2 Did the organization require substantiation pnor to reimbursing or allowing expenses incurred by all officers, directors,

trustees, and the CEO/Executive Director, regarding the items checked in line 1 a'

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 in 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 X

b Participate in, or receive payment from, a supplemental nonqualified retirement plan? 4b X

c Participate in, or receive payment from, an equity-based compensation arrangement? 4c X

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III

Only section 501(c)(3) and 501 (c)(4) organizations must complete lines 5-9.

5 For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensation

contingent on the revenues of

a The organization? 5a X

b Any related organization? 5b X

If "Yes" to line 5a or 5b, describe in Part III

6 For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensation

contingent on the net earnings of

a The organization? 6a X

b Any related organization? 6b X

If "Yes" to line 6a or 6b, describe in Part III

7 For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization provide any non-fixed payments

not described in lines 5 and 6? If "Yes," describe in Part III 7 X

8 Were any amounts reported in Form 990, Part VII, paid or accrued 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 X

9 If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in

Reg ulations section 53.4958-6(c) ? 9

LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990. Schedule J (Form 990) 2012

23211112-10-12

Compensation InformationFor certain Officers, Directors, Trustees, Key Employees, and Highest

Compensated EmployeesPop- Complete if the organization answered "Yes" to Form 990,

Part IV, line 23.

OMB No 1545-0047

Open to PublicInspection


Schedule) Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e 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 in 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 1 a, applicable column (D) and (E) amounts for that individual.

(B) Breakdown of W-2 and/or 1099 -MISC compensation (C) Retirement andfth d d

(D) Nontaxablef tb

(E) Total of columns

(B)()-(D)(F) Compensation

re orted as deferred

(A) Name and Title(i) Base

compensation(ii) Bonus &incentive

compensation

(iii) Otherreportable

compensation

er erreo ecompensation

ene i s pin pnor Form 990

(1) MALCOLM A. ROGERS (i) 630 391. 0. 61 , 680. 205 892 . 8 , 934. 906 897. 0.DIRECTOR 0 . 0 . 0 . 0 . 0 . 0. 0 .

( 2) KATHERINE G. GETCHELL (i) 349 , 051. 0. 0 . 22 , 500. 14 , 659. 386 , 210. 0.DEPUTY DIRECTOR 0 . 0. 0 . 0 . 0 . 0. 0 .

( 3) MARK KERWIN (i) 330 207. 0. 0. 22 , 500. 18 , 144. -370 , 851. 0.DEPUTY DIRECTOR & CFO ( ii ) 1 0 . 0 . 0. 0 . 0 . 0 . 0 .

( 4) CHRISTOPHER BRATTON (i) 285 , 036. 0. 32 , 576. 0. 17 , 979. 335 1 591. 0.DEPUTY DIR . & PRESIDENT OF SCHOOL II 0. 0. 0. 0. 0. 0. 0.

( 5) MARIA MULLER (i) 284 962. 0. 0 . 18 , 309. 7 , 803. 311 074. 0.DEPUTY DIRECTOR 0 . 0. 0 . 0 . 0. 0. 0 .

( 6) CYNTHIA GLOTT (i) 172 561. 0. 353. 15 , 993. 13 , 516. 202 423. 0.DIR . OF PLANNING/ADMIN 0. 0. 0. 0. 0. 0. 0.

( 7) ANNE COWIE (i) 169 460. 0. 229. 14 , 210. 131515. 197 414. 0.SMFA VP OF INSTITUTIONAL ADVANCE 0 . 0. 0. 0. 0. 0 . 0.

( 8) ELLIOT DAVIS (i) 157 931. 0. 299. 14 , 246. 11794. 174 270. 0.

JOHN MOORS CABOT CHAIR ART OF AMERI 0. 0. 0. 0. 0. 0 . 0 .

(9) JANE O'REILLY - CORCORAN (i) 156 , 011. 0. 590. 13 , 179. 16 9 4 7 . 186 , 727. 0.DIRECTOR OF HUMAN RESOURCE 0. 0. 0. 0. 0. 0 . 0 .

( 10) JANE PORTAL (i) 154 972. 0. 551. 12 , 554. 6 1 686 . 174 763. 0.MATSUTARO SHORIKI CHAIR ART OF ASI 0. 0. 0. 0. 0. 0. 0.

(i)

(I)

11

(I)

II

(I)

(I)

11

(I)

II

Schedule J (Form 990) 201223211212-12-12 42

Schedule) Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Page 3Part III Supplemental Information

Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1 a, 1 b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II Also complete this part for any

additional information

PART I, LINE 1A: TAXABLE HOUSING ALLOWANCE OF $60,096 WAS PAID TO

MALCOLM ROGERS BASED ON THE EMPLOYMENT CONTRACT.

TAXABLE HOUSING ALLOWANCE OF $15,288 WAS PAID TO CHRISTOPHER BRATTON. A

LOAN OF $15,000 MADE TO CHRISTOPHER BRATTEN TO PROVIDE BRIDGE FUNDING FOR

RELOCATION COST WAS FORGIVEN AND INCLUDED IN TAXABLE INCOME (SEE SCHEDULE

L). SOCIAL CLUB DUES FOR CHRISTOPHER BRATTEN OF $2,288 ARE ALSO INCLUDED IN

OTHER REPORTABLE COMPENSATION.

Schedule J (Form 990) 2012

23211312-10-12 43

SCHEDULE K(Form 990)Department of the TreasuryInternal Revenue Service


Supplemental Information on Tax-Exempt Bonds OMB No 1545-(x

110- Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions, 2012explanations, and any additional information in Part VI. Open to Public

► A++-k ... r....., oon 11111.. cee --re :..^......:....^ Inspection

Employer identification number1) A_)InziZ n7

D.rr 1 annrl .A'F.F. PART VT 'POP r0T.TTMN (A 1 rONTTNTTATTOW..'

(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On behalf

of issuer

(i) Pooledfinancing

Yes No Yes No Yes No

MASS. HEALTH ANDAEDUCATIONAL FACILITIES 04-2456011 57586CV69 12/13/07 iasoooooo.

NEW MONEY FORCONSTRUCTION X X X

B

C

DPart 11 Prnceed,s

A B C D

1 Amount of bonds retired

2 Amount of bonds leg all y defeased

3 Total proceeds of issue 185 1 802 , 983.4 Gross proceeds in reserve funds

5 Capitalized interest from p roceeds

6 Proceeds in refundin g escrows

7 Issuance costs from p roceeds 1 , 134 , 172.8 Credit enhancement from p roceeds

9 Working cap ital expenditures from proceeds 184 , 6 6 8 , 811.10 Capital expenditures from p roceeds

11 Other sent proceeds

12 Other unsent proceeds

13 Year of substantial comp letion 2010

Yes No Yes No Yes No Yes No

14 Were the bonds issued as part of a current refundin g issue? X

15 Were the bonds issued as part of an advance refundin g issue? X

16 Has the final allocation of proceeds been made? X

17 Does the organization maintain adequate books and records to su pport the final allocation of proceeds? X

Dorf III Driv.fe Rncinecc I I..

1 Was the organization a partner in a partnership, or a member of an LLC, A B C D

which owned property financed by tax-exempt bonds? Yes No Yes No Yes No Yes No

X

2 Are there any lease arrangements that may result in private business use of

bond-financed property? X

J`

23212 LHA For Paperwork22-17_i2 Reduction Act Notice, see the Instructions for Form 990. 44 Schedule K (Form 990) 2012

Schedule K (Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Page 2 -

Part III Private Business Use (Continued)

A B C D3a Are there any management or service contracts that may result in private Yes No Yes No Yes No Yes No

business use of bond-financed property? X

b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside

counsel to review any management or service contracts relating to the financed property? X

c Are there any research a g reements that may result in p rivate business use of bond-financed p ro p e rty9 X

d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside

counsel to review any research ag reements relatin g to the financed p rop erty9

4 Enter the percentage of financed property used in a private business use by

entities other than a section 501 (c)(3) organization or a state or local government ► % % % %5 Enter the percentage of financed property used in a private business use as a result of

unrelated trade or business activity carried on by your organization, another

section 501 (c )(3 ) org anization, or a state or local government 1111. . 59 % % % %

6 Total of lines4and5 .59 % % oho off,

7 Does the bond issue meet the private security or payment test? X

8a Has there been a sale or disposition of any of the bond-financed property to a non-

governmental person other than a 501 (c)(3) organization since the bonds were issued X

b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed

of % % % %

c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections

1 141-12 and 1 145.2?

9 Has the organization established written procedures to ensure that all nonqualified

bonds of the issue are remediated in accordance with the requirements under

Regulations sections 1 141.12 and 1.145-2? X

Part IV Arbitrage

A B C D

Yes No Yes No Yes No Yes No1 Has the issuer filed Form 8038-T? X

2 If "No" to line 1, did the followin g app ly?

a Rebate not due yet? X

b Exception to rebate? X

c No rebate due? X

If you checked No rebate due" in line 2c, provide in Part VI the date the rebate

computation was performed

3 Is the bond issue a variable rate issue? X

4a Has the organization or the governmental issuer entered into a qualified

hedge with res pect to the bond issue? X

b Name of provider BANK OF AMERICA

c Term of hedge 20.0000000d Was the hedge su perinteg rated? X

e Was the hedge terminated? XCTL 1LZ

12-17-12 Schedule K (Form 990) 2012

Schedule K (Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Page 3

Part IV Arbitrage (Continued)

A B C D


5a Were g ross proceeds invested in a guaranteed investment contract (GIC) ? X

b Name of provider

c Term of GIC

d Was the regulato ry safe harbor for establishin g the fair market value of the GIC satisfied

6 Were any g ross p roceeds invested beyond an available temporary period? x

7 Has the organization established written procedures to monitor the requirements of

section 148? X

Part V Procedures To Undertake Corrective Action

A B C D


Has the organization established written procedures to ensure that violations of

federal tax requirements are timely identified and corrected through the voluntary

closing agreement program if self-remediation is not available under applicable

regulations? X

Part VI Supplemental Information . Complete this part to provide additional information for responses to questions on Schedule K (see instructions)

SCHEDULE K, PART I, BOND ISSUES:

(A) ISSUER NAME: MASS. HEALTH AND EDUCATIONAL FACILITIES AUTHORITY

PART I- BOND ISSUES, LINE A: COLUMN (C) ADDITIONAL CUSIP #57586CK95

PART IV- ARBITRAGE, LINE 3B: ADDITIONAL NAME OF PROVIDER: MERRILL LYNCH

PART IV- ARBITRAGE, LINE 3C: ADDITIONAL TERM OF HEDGE: 3.08 YEARS

PART IV, LINE 6: DID THE BOND ISSUE QUALIFY FOR AN EXCEPTION TO

REBATE?: THE MUSEUM'S BOND ISSUANCE IS NOT EXEMPT FROM A REBATE

ANALYSIS. THE MUSEUM DID HAVE AN INDEPENDENT THIRD PARTY SPECIALIZING

IN PERFORMING REBATE CALCULATION PERFORM THE CALCULATION AND DETERMINED

THAT THE BONDS QUALIFIES FOR AN EXCEPTION TO REBATE SET FORTH IN

REGULATION SECTIONS 1.148-7.

THE SCHEDULE K CALCULATION WAS PERFORMED BY AN INDEPENDENT THIRD PARTYWHICH SPECIALIZES IN PERFORMING THESE CALCULATIONS. THE FACTS ANDCIRCUMSTANCES HAVE NOT CHANGED TO MATERIAL AFFECT THE CALCULATION INTHE CURRENT PERIOD.

THE MUSEUM'S BONDS WERE ISSUED IN DECEMBER 2007 AND MATURE IN 2037, ATHIRTY YEAR PERIOD. THE PERCENTAGE CALCULATED AS PRIVATE BUSINESS USEIS FOR THE CURRENT FISCAL YEAR SPANNING JULY 1, 2011 THROUGH JUNE 30,23212312-17-12 Schedule K (Form 990) 2012

Schedule K (Form 990) MUSEUM OF FINE ARTS 04-2103607Part VI Supplemental Information . Complete this part to provide additional information for responses to questions on Schedule K.

2012. THE OVERALL MEASUREMENT PERIOD FOR PRIVATE BUSINESS USE IS

MEASURED OVER THE ENTIRE THIRTY YEAR TERM OF THE BONDS.

Schedule K (Form 990)23248105-01-12

SCHEDULE L I Transactions With Interested Persons(Form 990 or 990-EZ) I ► Complete if the organization answered

"Yes" on Form 990, Part IV, line 25a, 25b, 26, 27, 28a, 28b, or 28c,

Department of the Treasury I or Form 990-EZ, Part V, line 38a or 40b.

Internal Revenue Service ► Attach to Form 990 or Form 990-EZ. ► See separate instructions.

010113 No 1545-0047

Open To PublicIn¢narftnn


MTTQL^TTM nL' L'TTTW ADTQ nn_,) 1 narn,7

Part I I Excess Benefit Transactions (section 501(c)(3) and section 501(c)(4) organizations only).

Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

(a) Name of disqualified person(b) Relationship between disqualified

(c) Description of transactionCorrected?

person and oraamzation Yes No

2 Enter the amount of tax incurred by the organization managers or disqualified persons during the year under

section 4958 ► $

3 Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ► $

Part II Loans to and/or From Interested Persons.

Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a or Form 990, Part IV, line 26; or if the organization

ranortarl an amount on Fnrm 99n Part X line 5 6 or 99

(a) Name ofinterested person

(b) Relationshipwith

organization

c Purpose() pof loan(d) Loan to or

from theorganization?

(e) Originalprincipal amount

(f) Balance due In(g)defaults

(h) pproveby board orcommittees

i Written( )agreement?

To From Yes No Yes No Yes No

CHRISTOPHER B O PROVI X 200 000. 200 000. X X XCHRISTOPHER BRJZ1i O PROVI X 30 , 000. 15 , 000. X X X

Total $ 215 , 000. 1Part III Grants or Assistance Benefiting Interested Persons.

Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person (b) Relationship between (c) Amount of (d) Type of (e) Purpose of

interested person and assistance assistance assistance

the organization

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

SEE PART V FOR CONTINUATIONS

Schedule L (Form 990 or 990-EZ) 2012

23213112-03-12 48


Schedule L Form 990 or 990 2012 MUSEUM OF FINE ARTS 04-2103607 Pa e 2Part IV Business Transactions Involving Interested Persons.

Complete if the organization answered "Yes" on Form 990, Part IV, line 28a. 28b. or 28c

(a) Name of interested person (b) Relationship between interestedperson and the organization

(c) Amount oftransaction

(d) Description oftransaction

(e) Sharing oforgan izati onrevenues?revehunueses?

Yes No

SEVENTH BERKSHIRE ASSOCIA RUSTEE 249 , 797. . KEVIN C XBAUPOST GROUP LLC / SCOTT N RUSTEE 1 , 072 , 797. . SCOTT XSEVENTH BERKSHIRE ASSOCIA RUSTEE 249 , 797. . RICHARD X

Part V I Supplemental InformationComplete this part to provide additional information for responses to questions on Schedule L (see instructions)

SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS:

(A) NAME OF PERSON: CHRISTOPHER BRATTON

(C) PURPOSE OF LOAN: TO PROVIDE BRIDGE FINANCING FOR THE PURCHASE OF THE

EMPLOYEE'S HOME.

(A) NAME OF PERSON: CHRISTOPHER BRATTON

(C) PURPOSE OF LOAN: TO PROVIDE BRIDGE FINANCING FOR THE RELOCATION COST

OF EMPLOYEE AND FAMILY.

SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:

(A) NAME OF INTERESTED PERSON:

SEVENTH BERKSHIRE ASSOCIATES LLC/KEVIN CALLAGHAN

(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:

TRUSTEE

(C) AMOUNT OF TRANSACTION $ 249,797.

(D) DESCRIPTION OF TRANSACTION: MR. KEVIN CALLAGHAN, A TRUSTEE OF THE

MFA, IS A SHAREHOLDER OF SEVENTH BERKSHIRE ASSOCIATES LLC. THE MFA

INVESTS IN BERKSHIRES FUND VII L.P. AND PAYS A MANAGEMENT FEE VIA ITS

INTEREST.

(E) SHARING OF ORGANIZATION REVENUES? = NO

232132Schedule L (Form 990 or 990-EZ) 2012

12-03-12


Schedule L Form 990 or 990-EZ MUSEUM OF FINE ARTS 04-2103607 Pa e 2Part V Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule L (see instructions).

(A) NAME OF PERSON: BAUPOST GROUP LLC/SCOTT NATHAN


TRUSTEE

(C) AMOUNT OF TRANSACTION $ 1,072,797.

(D) DESCRIPTION OF TRANSACTION: MR. SCOTT NATHAN, A TRUSTEE OF THE MFA,

IS A SHAREHOLDER OF BAUPOST GROUP, LLC. THE MFA INVESTS IN BAUPOST VALUE

PARTNERS IV LP AND PAYS A MANAGEMENT FEE VIA ITS INTEREST.


(A) NAME OF INTERESTED PERSON:

SEVENTH BERKSHIRE ASSOCIATES LLC/RICHARD LUBIN


C) AMOUNT OF TRANSACTION S 249,797.

(D) DESCRIPTION OF TRANSACTION: MR. RICHARD LUBIN, A TRUSTEE OF THE MFA,

IS A SHAREHOLDER OF SEVENTH BERKSHIRE ASSOCIATES LLC. THE MFA INVESTS IN

BERKSHIRES FUND VII L.P. AND PAYS A MANAGEMENT FEE VIA ITS INTEREST.


232481 05-01-12 Schedule L (Form 990 or 990-EZ)


SCHEDULE M(Form 990)


Noncash Contributions 0MB No 1545-0047

2012Open to Public

Inspection

► Complete if the organizations answered "Yes" on Form

990, Part IV, lines 29 or 30.


w.rTTet+rn„r f' L+T*Tt AMMO AA-,)l n'20Zn7

(a)Check if

applicable

(b)Number of

contnbutions oritems contributed

(c)Noncash contributionamounts reported on

Form 990 , Part VIII line 1

(d)Method of determining

noncash contribution amounts

1 Art - Works of art X 383 0.2 Art - Historical treasures

3 Art - Fractional Interests

4 Books and publications

5 Clothing and household goods

6 Cars and other vehicles

7 Boats and planes

8 Intellectual property

9 Securities - Publicly traded X 100 3 , 553 , 613. AIR MARKET VALUE

10 Securities - Closely held stock

11 Securities - Partnership, LLC, or

trust interests

12 Securities - Miscellaneous

13 Qualified conservation contribution -

Historic structures

14 Qualified conservation contribution - Other

15 Real estate - Residential

16 Real estate - Commercial

17 Real estate - Other

18 Collectibles

19 Food inventory

20 Drugs and medical supplies

21 Taxidermy

22 Historical artifacts

23 Scientific specimens

24 Archeological artifacts

25 Other ►26 Other ► ( )

27 Other ►28 Other ►29 Number of Forms 8283 received by the organization during the tax year for contributions

for which the organization completed Form 8283, Part IV, Donee Acknowledgement 29 45

Yes No

30a During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it must hold for

at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for

the entire holding period? 30a X-

b If "Yes," describe the arrangement in Part II.

31 Does the organization have a gift acceptance policy that requires the review of any non-standard contributions? 31 X

32a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? 32a X

b If "Yes," describe in Part II.

33 If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II

LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990.

23214112-20-12


Schedule M (Form 990) (2012)

2226201

1

Schedule M Form 990 2012 MUSEUM OF FINE ARTS 04-2103607 Page 2Part II Supplemental Information . Complete this part to provide the information required by Part I, lines 30b, 32b, and 33, and whether

the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both.Also complete this part for any additional information.

SCHEDULE M, LINE 33 : IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART

MUSEUMS, THE COSTS OF WORKS OF ART ARE CHARGED DIRECTLY TO THE FUNDS

AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED. THE VALUE OF

OBJECTS ACQUIRED BY GIFT CANNOT BE REASONABLY ESTIMATED AND, THEREFORE,

ARE NOT RECORDED IN THE STATEMENT OF ACTIVITIES.

SCHEDULE M, LINE 9: IT IS THE MUSEUM'S POLICY TO SELL SECURITIES

IMMEDIATELY UPON RECEIVING SUCH DONATION.

232142 12-20- 12 Schedule M (Form 990) (2012)


SCHEDULE 0

(Form 990 or 990-EZ)

Department of the Treasury


Supplemental Information to Form 990 or 990-EZ VMB No 1545-0047

Complete to provide information for responses to specific questions on 2012Form 990 or 990-EZ or to provide any additional information. Open to Public

10- Attach to Form 990 or 990-EZ. Inspection

Employer identification number

FORM 990, PART I, LINE 1 AND PART III, LINE 1:

THE MUSEUM OF FINE ARTS HOUSES AND PRESERVES PREEMINENT COLLECTIONS AND

ASPIRES TO SERVE A WIDE VARIETY OF PEOPLE THROUGH DIRECT ENCOUNTERS

WITH WORKS OF ART.

THE MUSEUM AIMS FOR THE HIGHEST STANDARDS OF QUALITY IN ALL ITS

ENDEAVORS. IT SERVES AS A RESOURCE FOR BOTH THOSE WHO ARE ALREADY

FAMILIAR WITH ART AND THOSE FOR WHOM ART IS A NEW EXPERIENCE. THROUGH

EXHIBITIONS, PROGRAMS, RESEARCH AND PUBLICATIONS, THE MUSEUM DOCUMENTS

AND INTERPRETS ITS OWN COLLECTIONS. IT PROVIDES INFORMATION AND

PERSPECTIVE ON ART THROUGH TIME AND THROUGHOUT THE WORLD.

THE MUSEUM HOLDS ITS COLLECTIONS IN TRUST FOR FUTURE GENERATIONS. IT

ASSUMES CONSERVATION AS A PRIMARY RESPONSIBILITY WHICH REQUIRES

CONSTANT ATTENTION TO PROVIDING A PROPER ENVIRONMENT FOR WORKS OF ART

AND ARTIFACTS. COMMITTED TO ITS VAST HOLDINGS, THE MUSEUM NONETHELESS

RECOGNIZES THE NEED TO IDENTIFY AND EXPLORE NEW AND NEGLECTED AREAS OF

ART. IT SEEKS TO ACQUIRE ART OF THE PAST AND PRESENT WHICH IS VISUALLY

SIGNIFICANT AND EDUCATIONALLY MEANINGFUL.

THE MUSEUM HAS OBLIGATIONS TO THE PEOPLE OF BOSTON AND NEW ENGLAND

ACROSS THE NATION AND ABROAD. IT CELEBRATES DIVERSE CULTURES AND

WELCOMES NEW AND BROADER CONSTITUENCIES. THE MUSEUM IS A PLACE IN WHICH

TO SEE AND TO LEARN. IT STIMULATES IN ITS VISITORS A SENSE OF PLEASURE,

PRIDE AND DISCOVERY WHICH PROVIDES AESTHETIC CHALLENGE AND LEADS TO A

GREATER CULTURAL AWARENESS AND DISCERNMENT.LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990 or 990- EZ. Schedule 0 (Form 990 or 990-EZ) (2012)23221101-04-13


Schedule 0 (Form 990 or


THE MUSEUM CREATES EDUCATIONAL OPPORTUNITIES FOR VISITORS AND

ACCOMMODATES A WIDE RANGE OF EXPERIENCES AND LEARNING STYLES. THE

MUSEUM EDUCATES ARTISTS OF THE FUTURE THROUGH ITS SCHOOL. THE CREATIVE

EFFORTS OF THE STUDENTS AND FACULTY PROVIDE THE MUSEUM AND ITS PUBLIC

WITH INSIGHTS INTO EMERGING ART AND ART FORMS.

THE MUSEUM 'S ULTIMATE AIM IS TO ENCOURAGE INQUIRY AND TO HEIGHTEN

PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD.

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

PARTICIPATED IN THESE VARIOUS PROGRAMS.

FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS:

TESTINO: BRITISH ROYAL PORTRAITS (OCT 21, 2012 - JUNE 16, 2013); KINGS,

QUEENS, COURTIERS: ROYALTY ON PAPER (OCT 21, 2012 - JUNE 16, 2013); THE

POSTCARD AGE: SELECTIONS FROM THE LEONARD A LAUDER COLLECTION (OCT 24,

2012 - APRIL 14, 2013); VISITING MASTERPRIECES: THE CAPITOLINE BRUTUS

(JAN 18 - MAY 1, 2013); LOIS MAILOU JONES (JAN 19 - OCT 14, 2013);

TRIUMPH OF THE WINTER QUEEN (FEB 14 - JULY 21, 2013); NEW BLUE AND

WHITE (FEB 20 - JULY 14, 2013); LUXURY ON PAPER: THE ART OF SURIMONO

(MARCH 9 - DEC 1, 2013); SAMURAI! ARMOR FROM THE ANN AND GABRIEL

BARBIER - MUELLER COLLECTION (APRIL 4 - AUG 4, 2013); COMMUNITY ARTS

INITIATIVE: CHARACTERS IN THE COLLECTION (APRIL 20 - OCT 6, 2013);

MICHELANGELO: SACRED AND PROFANE, MASTER DRAWINGS FROM THE CASA

BUONARROTI (APRIL 21- JUNE 30, 2013); RIDLEY HOWARD: FIELDS AND STRIPES

(MAY 11 - OCT 27, 2013) ETC.

23221201-04-13 Schedule 0 (Form 990 or 990-EZ) (2012)


Schedule 0 (Form 990 or 990-EZ) (2012) Pa e 2


MUSEUM OF FINE ARTS 04-2103607

FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS:

PROGRAMS. DURING THE 2012-13 ACADEMIC YEAR, THE SCHOOL HAD 1,205

STUDENTS ACROSS ALL PROGRAMS.

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

ENTERPRISE:

THE MUSEUM 'S RETAIL OPERATIONS OFFER FOR SALE IN ITS SHOPS OR THROUGH

B-BASED OUTLET A WIDE VARIETY OF MERCHANDISE RELATED TO THE

MUSEUM 'S COLLECTIONS AND SPECIAL EXHIBITIONS WHICH CONTRIBUTE

IMPORTANTLY TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL

PURPOSE BY MAKING WORKS OF ART FAMILIAR TO A BROADER SEGMENT OF THE

PUBLIC. OFFERING AT THE SHOP INCLUDING ART BOOKS, POSTERS, CARDS,

GLASS, TEXTILES, JEWELRY AND SCULPTURE.

THE MUSEUM IS EXEMPT AS AN EDUCATIONAL ORGANIZATION ON THE BASIS OF ITS

OWNERSHIP, MAINTENANCE, AND EXHIBITION FOR PUBLIC VIEWING OF WORKS OF

ART. THE SALES OF SUCH ITEMS CONTRIBUTES IMPORTANTLY TO THE

ACHIEVEMENT TO THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSES BY STIMULATING

AND ENHANCING PUBLIC AWARENESS, INTEREST, AND APPRECIATION OF ART.

MOREOVER , A BROADER SEGMENT OF THE PUBLIC MAY BE ENCOURAGED TO VISIT

THE MUSEUM ITSELF TO SHARE IN ITS EDUCATIONAL FUNCTIONS AND

A RESULT OF SEEING THE ITEMS SOLD.

EXPENSES $ 2,687 , 687. INCLUDING GRANTS OF $ 0. REVENUE $ 2,776,318.

PERATING SUPPORT:

OPERATING SUPPORT CONSISTS OF ALL OTHER AREAS OF THE MUSEUM, INCLUDING

CTIVE SERVICES, FACILITIES AND OTHER AREAS WHICH SUPPORT THE

OPERATIONS OF THE MUSEUM AND ITS MISSION.

EXPENSES $ 39,357,778. INCLUDING GRANTS OF $ 0. REVENUE $ 0.of-1043 Schedule 0 (Form 990 or 990-EZ ) (2012)



PARKING FACILITIES:

THE MUSEUM OWNS A PARKING GARAGE AND HAS TWO OPEN AIR PARKING LOTS.

ALL OF THESE FACILITIES ARE OPEN TO MEMBERS AND VISITORS TO THE MUSEUM.

THE OPERATION OF ADJACENT PARKING LOTS BY THE MUSEUM IN AREA OF

INSUFFICIENT PARKING SPACES FOR THE USE OF ITS VISITORS CONTRIBUTES

IMPORTANTLY TO THE MUSEUM'S EXEMPT PURPOSE BY ENCOURAGING VISITATION

AND LONGER PERIODS VIEWING OF ITS COLLECTIONS, AND SPECIAL EXHIBITIONS.

ANY PROFITS FROM THE FEE CHARGED FOR THE USE OF THE LOT IS PLACED IN

THE GENERAL OPERATING FUND. ENCOURAGEMENT TO MUSEUM VISITATION, OF

COURSE, IS PROVIDED THROUGH CONVENIENT PARKING.

EXPENSES 9 925,914. INCLUDING GRANTS OF 8 0. REVENUE 8 3,025,540.

FOOD SERVICES:

THE MUSEUM IS ORGANIZED AND OPERATED AS AN ART MUSEUM. THE EATING

FACILITIES ARE OPEN TO THE MUSEUM STAFF, EMPLOYEES, AND MEMBERS OF THE

PUBLIC VISITING THE MUSEUM AND ARE OF A SIZE COMMENSURATE WITH

ACCOMMODATION OF THESE SPECIAL GROUPS OF PATRONS. THE FACILITIES ARE

ACCESSIBLE FROM THE MUSEUM'S GALLERIES AND OTHER PUBLIC AREAS BUT NOT

DIRECTLY ACCESSIBLE FROM THE STREET. THE PATRONAGE OF THE EATING

FACILITIES BY THE GENERAL PUBLIC IS NOT DIRECTLY NOR SOLICITED NOR ARE

THE FACILITIES CONTEMPLATED OR DESIGNED TO SERVE AS A PUBLIC RESTAURANT

BUT MERELY TO SERVE THE EXEMPT PURPOSES OF THE MUSEUM. THIS ALLOWS

VISITORS TO DEVOTE MORE TIME TO THE MUSEUM'S EDUCATIONAL EXHIBITS, AND

ENHANCES EFFICIENT MUSEUM OPERATION BY ENABLING STAFF TO REMAIN ON-SITE

THROUGHOUT THE DAY. THE OPERATION OF THE EATING FACILITIES WITHIN THE

MUSEUM PREMISES HELPS TO ATTRACT VISITORS TO THE MUSEUM EXHIBITS.

BECAUSE THERE ARE PLACES OF REFRESHMENT IN THE MUSEUM VISITORS ARE ABLEf-1o043 Schedule 0 (Form 990 or 990-EZ) (2012)



FIEmployer identification number

TO DEVOTE A GREATER PORTION OF THEIR TIME AND ATTENTION TO THE MUSEUM'S

COLLECTION, EXHIBITS AND OTHER EDUCATIONAL FACILITIES.

THE MUSEUM CREATES AN EDUCATIONAL PROGRAM FOR ITS PARTICIPANTS,

FOCUSING ON AN EXHIBIT, LECTURE OR TOUR FOR PRIVATE AND CORPORATE

EXPENSES $ 1,123,433. INCLUDING GRANTS OF $ 0. REVENUE $ 2,166,972.

MEMBERSHIP & VISITORS:

OVER 1,030,000 VISITORS ATTENDED THE MUSEUM DURING FISCAL YEAR 2013.

THE MUSEUM HAS AN ADMISSION CHARGE; HOWEVER DURING THE FISCAL YEAR

2013, THERE WERE TEN COMMUNITY DAYS DURING WHICH ADMISSION CHARGES WERE

WAIVED, AND THE MUSEUM HAS FREE ADMISSION "PAY AS YOU WISH" EACH

WEDNESDAY EVENING. THE MUSEUM HAS APPROXIMATELY 66,000 ACTIVE MEMBERS

HOUSEHOLDS. THERE ARE 8 LEVELS OF ANNUAL MEMBERSHIP WITH FEES RANGING

FROM $ 75 TO $1,000. EACH CATEGORY OFFERS A WIDE VARIETY OF PRIVILEGES,

SUCH AS FREE ADMISSION, PUBLICATIONS, RECIPROCAL MEMBER BENEFITS AT

OTHER MAJOR ART MUSEUM AROUND THE U.S. AND SPECIAL EVENTS.

EXPENSES $ 3,757,174. INCLUDING GRANTS OF $ 0. REVENUE $ 5,979,075.

OTHER MISC. PROGRAM SERVICES:

EXPENSES $ 2,548 ,319. INCLUDING GRANTS OF $ 0. REVENUE $ 6,077,839.

FORM 9 90, PART VI, SECTION A, LINE 2: MR. RICHARD LUBIN AND MR. KEVIN

CALLAGHAN BOTH ARE PARTNERS AT BERKSHIRE INVESTMENT L.P.

FORM 990, PART VI, SECTION B, LINE 11: THE AUDIT COMMITTEE REVIEWS THE 990

DURING A COMMITTEE MEETING. A COPY OF THE FULL 990 IS PROVIDED TO THE

COMMITTEE, WHO REVIEW AND APPROVE THE 990 PRIOR TO ITS REVIEW BY THE FULL23221201-04-13 Schedule 0 (Form 990 or 9W-EZ) (2012)


ti

. Name of the organization Employer identification number

GOVERNING BODY. THIS REVIEW IS REPORTED TO THE BOARD AT ITS SPRING MEETING.

THE FULL 990 IS MADE AVAILABLE TO THE GOVERNING BOARD VIA AN INTERNAL

WEBSITE.

FORM 990, PART VI, SECTION B, LINE 12C: BOARD MEMBERS ARE REQUIRED TO SIGN

CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS. COMPLETION OF THE FORMS IS

TRACKED AND THE CONTENTS OF THE FORMS ARE REVIEWED BY THE MUSEUM.

FORM 990, PART VI, SECTION B, LINE 15: THE BOARD MAINTAINS A COMPENSATION

COMMITTEE. THIS COMMITTEE REVIEWS AVAILABLE DATA FROM THE MFA'S PEER

MUSEUMS, AS WELL AS PARTICIPATING IN SURVEYS WITH PEER MUSEUMS CONCERNING

COMPENSATION. THE COMMITTEE UTILIZED THE INFORMATION OBTAINED CONCERNING

PEER MUSEUMS' DIRECTORS SALARY AND OTHER COMPENSATION INFORMATION, COMBINED

WITH PERFORMANCE MEASUREMENT, TO DISCUSS AND DETERMINE APPROPRIATE

COMPENSATION FOR THE DIRECTOR AND KEY OFFICERS. DOCUMENTATION OF PEER DATA

ON COMPENSATION AND PERFORMANCE MEASUREMENT IS MAINTAINED.

FORM 990, PART VI, SECTION C, LINE 19: THE MUSEUM'S FULL FINANCIAL

STATEMENTS ARE AVAILABLE ON THE COMMONWEALTH OF MASSACHUSETTS ATTORNEY

GENERAL'S WEBSITE, GUIDESTAR.ORG AND UPON REQUEST FROM THE MUSEUM. CERTAIN

EXCERPTS OF THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE

(WWW.MFA.ORG).

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -1,833,731.

CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 12,944,583.

TOTAL TO FORM 990, PART XI, LINE 9 11,110,852.

01-04-13 Schedule 0 (Form 990 or 990-EZ) (2012)



MTTCT?TTM (1 Ti' T.'TATT2 RTC nd_,)1 nAfn7

AMENDED FORM 990, SCHEDULE J, PART III:

THE ORGANIZATION AMENDED PART III OF SCHEDULE J TO REMOVE THE PHRASE

"BASED ON THE EMPLOYMENT CONTRACT" TO CORRECTLY DESCRIBE THE HOUSING

ALLOWANCE.

23221201-04- 13 Schedule 0 (Form 990 or 990-EZ) (2012)


t

SCHEDULE R

(Form 990)Department of the Treasury

Related Organizations and Unrelated Partnerships110- Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.

110 Attach to Form 990. See separate instructions.

OMB No 1545-0047

2012Open to Public


MUSEUM OF FINE ARTS 04-2103607

Part I Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.)

(a)

Name , address, and EIN ( if applicable )of disregarded entity

(b)

Primary activity

(c)

Legal domicile (state or

foreign country)

(d)

Total income

(e)

End-of-year assets

(f)

Direct controlling

entity

Part IIIdentification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exemptorganizations during the tax year)

(a)

Name, address, and EINof related organization

(b)

Primary activity

(c)

Legal domicile (state or

foreign country)

(d )

Exempt Codesection

(e)Public charity

status (if section

(f)Direct controlling

entity

Sechor(21)2(bx13)controlled

entity?

501 (c)(3)) Yes No

For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2012

23218112-10-12 LHA 60

Schedule R (Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Page 2

Part III Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more relatedorganizations treated as a partnership during the tax year.)

(a)

Name, address, and EINof related organization

(b)Primary activity

(c)Legal

domicile(state or

(d )

Direct controllingentity

y

(e)

Predominant income(related, unrelated,

excluded from tax under

(f)

Share of totalincome

(g)

Share ofend-of-year

t

(h )

Disproportion-

toa^^ocations9

(i)

Code V-UBIamount in box20 of Schedule

(j)

General ormanagingono,'

(k)

Percentageownership

fforei gnoreicountry) sections 512-514)

asse sYes No K-1 (Form 1065) a No

Part IV Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more relatedorganizations treated as a corporation or trust during the tax year.)

(a)Name, address, and EINof related organization

(b)Primary activity

(c)Legal domicile

(state orforeign

(d)Direct controlling

entity

(e)Type of entity(C corp, S corp,

t t

(f)Share of total

income

(9)Share of

end-of-yeart

(h)Percentageownership

(i)Section

512(bx13)controlled

country)or rus ) asse s

Yes No

MUSEUM ENTERPRISE PARTNERS . INC .

04-3554307 465 HUNTINGTON AVENUE BOSTON ALES OF ART AND

MA 02115 ELATED MERCHANDISE DE /A CORP 36 . 573 . 100 . 00% X

CHARITABLE REMAINDER UNITRUST

465 HUNTINGTON AVENUE

BOSTON MA 02115 RUST MA /A RUST X

CHARITABLE REMAINDER ANNUITY TRUST



PERPETUAL TRUST



232162 12-10-12 61 Schedule R (Form 990) 2012

1

Schedule R (Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Page.3 o

Part V Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36.)

Note . Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule Yes Nc

1 During the tax year , did the organization engage in any of the following transactions with one or more related organizations listed in Parts II-IV7

a Receipt of ( i) interest ( ii) annuities ( iii) royalties or (iv) rent from a controlled entity 1a X

b Gift, grant , or capital contribution to related organization(s) 1b X

c Gift, grant , or capital contribution from related organization(s) 1c X

d Loans or loan guarantees to or for related organization(s) 1d X

e Loans or loan guarantees by related organization(s) le X

f Dividends from related organization(s) if X

g Sale of assets to related organization(s) 1 X

h Purchase of assets from related organization(s) 1h X

i Exchange of assets with related organization(s) 1i X

j Lease of facilities, equipment, or other assets to related organization(s) X

k Lease of facilities, equipment, or other assets from related organization(s) 1k X

I Performance of services or membership or fundraising solicitations for related organization(s) 11 X

m Performance of services or membership or fundraising solicitations by related organization(s) 1m X

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) in X

o Sharing of paid employees with related organization(s) 10 X

p Reimbursement paid to related organization(s) for expenses 1 X

q Reimbursement paid by related organization(s) for expenses 1 X

r Other transfer of cash or property to related organization(s) 1r X

s Other transfer of cash or property from related organization(s) is X

7 If thn answar to nnv of tha nhnva is "Vac " sao tha instn ictinna fnr infnrmntinn nn whn mi gat nmmnlata this ling inchidinn cnverad relationshins and transaction thresholds.

(a)Name of other organization

(b)Transactiontype (a-s)

(c)Amount involved

(d)Method of determining amount involved

1

(2)

(3)

(4)

(5)

(6)

232183 12-10-12 62 Schedule R (Form 990) 2012

Schedule R (Form 990) 2012 MUSEUM OF FINE ARTS 04-2103607 Page 4

Part VI Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue)

that was not a related organization See instructions regarding exclusion for certain investment partnerships.

(a)Name , address , and EIN

of entity

(b)Primary activity

(o)Legal domicile

(state or foreign

(d)

Predominant incomerelated , unrelated ,

d f m t xe l d

(e)Are all

partners sec501(c) 3 )ors

(f)Share of

total

(g)Share of

end-of-year

(h )Dispropor -honate

allocaeons7

(i)

Code V- UBIamount in b ox 20of Schedule K-1

(1-)General ormanaging

arttner?

(k)Percentageownership

country)xc u e ro a

under section 512 514 ) yes No income assets Yes No (Form 1065) yes No

Schedule R (Form 990) 2012

23218412-10-12 63

Form990 MUSEUM OF FINE ARTS 04-2103607Part VII Section A. Officers . Directors . Trustees . Kev Emolovees . and Hiahest Compensated Emnlovees (continued)

(A)

Name and title

(B)

Averagehours

(C)

Position

(check all that apply)

(D)


(E)


(F)

Estimatedamount of

perweek



b b

E

=

E

fromthe

organization(W-2/1099-MISC)

from relatedorganizations

(W-2/1099 MISC)

othercompensation

from theorganizationand related

organizations

(27) TIMOTHY PHILLIPS 1.00


(28) M. PENNY VINIK 1.00


(29) ERNST VON METZSCH 1.00


(30) PAMELA VOSS 1.00


(31) CAROL WALL 1.00


(32) MATTHEW A. WEATHERBIE 1.00

ELECTED TRUSTEE x 0 . 0 . 0.

(33) THERESA STONE - MIT 1 .0 0

APPOINTED TRUSTEE X 0 . 0 . 0.

(34) LOUIS MENAND - HARVARD U. 1 .0 0

APPOINTED TRUSTEE x 0 . 0 . 0.

(35) JEFFREY RUDMAN - BPL 1 .0 0

APPOINTED TRUSTEE X 0. 0 . 0.

(36) CAROL JOHNSON - SUPERINTENDENT 1. 00

BPS - APPOINTED TRUSTEE X 0. 0 . 0.

(37) THOMAS M. MENINO-MAYOR CITY OF 1.00


(38) PAULA MATTHEWS - BOSTON ATHENAE 1. 00


(39) SALLY REDMOND - MFA ASSOCIATES 1 .00


(40) CATHY BENNINGSON - SMFA BOARD 0 1.00

GOVERNORS - APPOINTED TRUS X 0 . 0 . 0.

(41) LISBETH TARLOW 1 .0 0


(42) P. ANDREWS MCLANE 1 .0 0


(43) LIZBETH KRUPP 1.00


(44) SAMUEL PLIMPTON 1.00

ELECTED TRUSTEE X 0 . 0. 0 .

(45) MALCOLM A. ROGERS 40.00

DIRECTOR X 692 , 071. 0. 214 , 8 26.(46) KATHERINE G. GETCHELL 40.00

DEPUTY DIRECTOR X 349 , 051. 0. 37 , 159.

Total to Part VII Section A , line 1 c

23220107-25-12


Form 990 MUSEUM OF FINE ARTS 04-2103607

Part VII Section A. Officers. Directors . Trustees . Key Emolovees - and Highest Comnensated Emolovees (continued)

(A)

Name and title

(B)

Averagehours

(C)

Position(check all that apply)

(D)


(E)


(F)

Estimatedamount of

perweek



b

=

o

fromthe

organization(W-2/1099-MISC)

from relatedorganizations

(W-2/1099-MISC)

othercompensation

from theorganizationand related

organizations

(47) MARK KERWIN 40.00

DEPUTY DIRECTOR & CFO X 330 , 207. 0. 4 0 6 4 4.(48) CHRISTOPHER BRATTON 4 0 . 0 0

DEPUTY DIR & PRESIDENT OF SCHOOL 3 17 612. 0 . 17 9 7 9 .(49) MARIA MULLER 4 0 . 0 0

DEPUTY DIRECTOR 2 8 4 9 6 2. 0. 2 6 112 .(50) CYNTHIA GLOTT 4 0 . 0 0

DIR OF PLANNING/ADMIN 1 7 2 914. 0. 2 9 5 0 9.(51) ANNE COWIE 40.00

SMFA VP OF INSTITUTIONAL ADVANCE 16 9 6 8 9. 0. 2 7 7 2 5.(52) ELLIOT DAVIS 40.00

JOHN MOORS CABOT CHAIR ART OF AMERI 15 8 2 3 0 . 0 . 16 0 4 0 .(53) JANE O'REILLY-CORCORAN 4 0 . 0 0

DIRECTOR OF HUMAN RESOURCE 15 6 6 01. 0 . 3 0 12 6 .(5 4) JANE PORTAL 4 0 . 0 0

MATSUTARO SHORIKI CHAIR ART OF ASIA 15 5 5 2 3 . 0 . 19 2 4 0 .

-

Total to Part VII Section A line 1 c 459 , 360.

23220107-25-12


990 Return ofOrganization ExemptFromIncomeTax...

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