Peabody Essex Museum Inc.

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MA 01970 (978) 745-9500 Website www.pem.

1 Peabody Essex Museum Inc. General Information 161 Essex Street Salem, MA (978) Website Organization Contact Year of Incorporation

2 Statements & Search Criteria Mission Statement The mission of the Peabody Essex Museum is to celebrate outstanding artistic and cultural creativity by collecting, stewarding and interpreting objects of art and culture in ways that increase knowledge, enrich the spirit, engage the mind and stimulate the senses Through its exhibitions, programs, publications, media and related activities, PEM strives to create experiences that transform people's lives by broadening their perspectives, attitudes, and knowledge of themselves and the wider world Background Statement The Peabody Essex Museum is America s oldest continuously operating museum. It was founded in 1799 by some of the country s earliest, most successful entrepreneurs. During the past twenty years, PEM has been among the fastest growing art museums in North America and the museum is internationally recognized for creativity, innovation, outstanding exhibitions, education programs, publications, and financial management. The Museum s collections rank among the finest of their kind in several areas and encompass American, Asian, African, Native American, Oceanic, contemporary and maritime art, plus photography and 23 historic properties and numerous parks and gardens. In addition to a collection of approximately 1.8 million objects, PEM offers a vibrant schedule of changing exhibitions and public programming, a hands-on education center, and one of New England's major independent research libraries. In November 2011, the Museum announced a $650 million advancement campaign and we have now raised $572 million. Along with an increase to the museum's endowment and an expansion that will include 175,000 sq. feet of additional space, this campaign will support the creation of new interpretive paradigms and experiences. PEM s mission is to celebrate art, culture, and creativity in ways that transform people s lives. To fulfill this mission, the museum is dedicated to creating new kinds of art and art museum experiences through innovative interpretive ideas and methods based on multiple disciplines including neuroscience, museum visitor research, new technologies, and a variety of other knowledge bases. PEM defines art interpretation as the sum total of factors that influence the nature of the relationship between people and works of art. Between now and 2017, the museum will create more than 100,000 square feet of new installations of its collections. Thus the development of new interpretive ideas, strategies, and methods will have immediate potential application. 2

3 Impact Statement 2012 Accomplishments: - PEM presented 19 exhibitions that attracted nearly 250,000 visitors and included an exploration of Ansel Adam's career-long fascination with water as a subject; a groundbreaking look at contemporary and historic works of Native American art; installations by international contemporary artists; a rare opportunity to view newly restored Gothic tapestries; and a whimsical look at the art of millinery in an exhibition organized by the Victoria and Albert Museum and the iconic British milliner Steven Jones. - Four critically-acclaimed exhibitions organized by PEM toured nationally and internationally, showing at the National Maritime Museum in the UK, the Fine Arts Museums of San Francisco, The Museum of Fine Arts Houston, and the James A. Michener Museum. - To reinforce the themes of changing exhibitions and the collection, PEM offered hundreds of engaging programs aimed at audiences of all ages. Among the many offerings were public tours of galleries and historic houses, artist-led workshops, concerts, films, panels, lectures and interactive events, as well as 10 weekend festivals. - PEM continued to offer education programs designed to link students' experiences at the museum to their classroom lessons and reinforce curriculum frameworks and 21 st century skills. Last year these programs served over 22,000 students and educators from over 300 schools and after-school programs. Current Goals: Over the next several years, PEM will work to further its ambitious $650 million advancement campaign. This campaign includes: - $350 million increase to an already robust endowment - $200 million for a 175,000-square-foot-expansion - $100 million to support creative new installations of the collection, several infrastructure improvements to existing facilities and other advancement initiatives 3

4 Needs Statement Exhibitions and Publications Support Every year PEM presents a broad range of original exhibitions, many of which are accompanied by publications that further expound the themes, ideas and objects presented in a given show. Annual Cost: $6,388,800 Curatorial and Collections Support PEM s curatorial staff is responsible for conceiving and organizing exhibitions for the museum and for travel to other venues, as well as preparing and publishing scholarly catalogues and educational texts. The museum maintains and exhibits many unique and widely respected collections, including: African, American, Asian Export, Chinese, Indian, Japanese, Korean, maritime, Native American, and Oceanic art. Annual Cost: $4,929,864 Education Programs Support The museum s Department of Education and Interpretation develops and implements a wide array of educational programs and contributes to the interpretive development of exhibitions. Annual Cost: $2,249,463 Community Outreach Programs Support Community Outreach includes a suite of in- and out-of-school programs that provide students from low resourced communities the opportunity to engage with art and explore their own and other cultures and creativity and are 100% subsidized. Annual Cost: $293,852 Service Categories Art Museums Geographic Areas Served Please review online profile for full list of selected areas served. 4

5 Programs Exhibitions and Publications Description Every year the museum presents a broad range of original exhibitions, many of which are accompanied by publications that further expound the themes, ideas and objects presented in a given show. Due in large part to its many popular exhibitions, PEM presented excellent and dynamic examples of art and culture to over 405,000 people in 2011: 248,000 on-site visitors in Salem, and more than 157,000 people who attended PEM-organized exhibitions at other venues. The museum s 2011 exhibition calendar included many styles and sources of art and culture and featured such shows as Golden: Dutch and Flemish Masterworks from the Rose-Marie and Eijk van Otterloo Collection, Man Ray Lee Miller: Partners in Surrealism, Ripple Effect, The Art of H2O, and Painting the American Vision. The current and upcoming exhibition schedule can be found at Budget $6,388,800 Category Arts, Culture & Humanities, General/Other Population Served General/Unspecified,, Program Short Term Success Program Long term Success Program Success Monitored By Examples of Program Success Each year, PEM strives to reach a broad regional, national and international audience. With its exhibitions and publications, PEM aims to broaden individual perspectives through presentations that encompass a range of ideas, cultures, art forms, and timeframes. Multiple indicators are used including visitor feedback generated through surveys and exhibition comment books, attendance figures and publication sales. In recent years, PEM s exhibitions have traveled to such venues as the Metropolitan Museum of Art, the Kimbell Art Museum, the Museum of Fine Arts, Houston, the Fine Arts Museums of San Francisco and the National Maritime Museum, Greenwich, England. The topics of these exhibitions have ranged from ancient Mayan art and the imperial garden of China s Qianlong emperor to the photography of Ansel Adams and surrealists Man Ray and Lee Miller. 5

6 Curatorial and Collections Description PEM s curatorial staff is responsible for conceiving and organizing exhibitions for the museum and for travel to other venues. The curatorial staff also prepares and publishes scholarly catalogues and educational texts related to the exhibitions and the collection at large. The museum maintains and exhibits unique and widely respected collections, including African, American, Asian Export, Chinese, Indian, Japanese, Korean, maritime, Native American and Oceanic art. PEM s photography collection comprises 800,000+ rare and vintage images representing nearly every kind of format and process, and the architecture collection includes 22 historic structures, 4 of which are designated National Historic Landmarks; 6 others are listed on the National Register of Historic Places. PEM s Phillips Library is one of New England s most important and oldest research libraries, housing 400,000 printed volumes, over a mile in linear feet of manuscripts and an extensive collection of other materials. Budget $4,929,864 Category Arts, Culture & Humanities, General/Other Population Served General/Unspecified,, Program Short Term Success PEM will create opportunities for greater access to its collection for numerous audiences. Program Long term Success Program Success Monitored By Examples of Program Success The museum will continue to be outstanding stewards of its collection. This will be measured through various activities undertaken by PEM staff, as well as tracking activities such as visitors on-site and online. In recent years, the museum has begun to develop ways of making enhanced information about its collection available online. 6

7 Education Description The museum s Department of Education and Interpretation develops and implements a wide array of educational programs and contributes to the interpretive development of exhibitions. Each year, the museum offers hundreds of programs to advance arts learning and appreciation and to stimulate critical thinking, cross-cultural dialogue, intellectual inquiry, creativity and connection making between the past and present. These programs are presented to a broad spectrum of audiences from toddlers, to student groups, families and adults. PEM serves the varied interests and learning levels of these audience groups through a range of programs that take place in the museum galleries, art studios and beyond. Budget $2,249,463 Category Arts, Culture & Humanities, General/Other Population Served General/Unspecified,, Program Short Term Success Program Long term Success Program Success Monitored By Examples of Program Success To provide a variety of highly engaging programming that engages audiences of all ages and interests. To foster a greater understanding and appreciation for art, culture and the creative process and the way in which these connect to one s life. Multiple methods are used to measure the success of PEM s education programs. These range from evaluations conducted inhouse to those done in partnership with outside evaluators such as Lesley University s Program Evaluation and Research Group. The museum annually serves approximately 25,000 students and teachers, and reaches thousands more through its adult and family programs. 7

8 Community Outreach Description Community Outreach includes a suite of in- and out-of-school programs. While each program has specific goals, the common thread is the use of sequenced visits that provide students from low resourced communities the opportunity to engage with art and explore their own and other cultures and creativity. Among the programs included in this suite are Creative Collaborations, formerly known as the Multiple Visit Partnership Program, which serves grades 3-5 students during school hours; ArtLink, formerly known as the Youth & Community Partnership Program, which was developed to reach youth outside of regular school hours, runs throughout the year, and has expanded programming during vacation periods; and a week of Arts Adventures Club summer camp. All of these programs are 100% subsidized. Under the Community Outreach umbrella, PEM also works with partners such as Boys & Girls Club, North Shore Community Development Coalition and Salem State University on teen and college student programs. Budget $293,852 Category Population Served Program Short Term Success Program Long term Success Program Success Monitored By Arts, Culture & Humanities, General/Other K-12 (5-19 years), College Aged (18-26 years), The programs develop creative and critical thinking skills; communication and literacy capabilities; and build self-confidence. Community Outreach programs encourage participants to see the museum as a welcoming and enriching destination in their community and builds valuable relationships with area educators, families and organizations. As with education programs, multiple methods are used to measure the success of PEM s Community Outreach programs. These range from evaluations conducted in-house to those done in partnership with outside evaluators such as Lesley University s Program Evaluation and Research Group. 8

9 Examples of Program Success Since 2011, PEM has partnered with Salem State University (SSU) on the Summer Bridge Program. Targeting students with strong academic potential from low-income backgrounds and underperforming schools, the program helps students prepare for post-secondary learning. As part of the curriculum, students visit PEM and take part in a number of arts-based learning experiences. At the end of the first year, SSU faculty was unanimous in saying that PEM s contribution helped create critical improvements in student outcomes. According to SSU, students who complete the program accumulate more credit hours during their first year and have a retention rate 6% higher than those who did not. One student noted: One of the most interesting things I learned was probably that you can compare two different artifacts from different cultures, and still be able to connect them in some way. What is fascinating about that, is societies and cultures can be so different, but at the same time be so similar. 9

10 Management CEO/Executive Director Executive Director Mr. Dan L. Monroe Term Start Jan Senior Staff Joshua Basseches Title Deputy Director and Chief Operating Officer Experience/Biography Sidney E. Berger Title The Ann C. Pingree Director of the Phillips Library Experience/Biography Jay Finney Title Chief Marketing Officer Experience/Biography Juliette Fritsch Title Chief of Education and Interpretation Experience/Biography Lynda Hartigan Title The James B. and Mary Lou Hawkes Chief Curator Experience/Biography Monica Mackey Title Chief Philanthropy Officer Experience/Biography Anne Munsch Title Chief Financial Officer Experience/Biography Will Phippen Title Director of Museum Collection Services Experience/Biography 10

11 Staff Information Full Time Staff Part Time Staff Volunteers Contractors Staff Demographics - Ethnicity African American/Black 6 Asian American/Pacific Islander 4 Caucasian 238 Hispanic/Latino 5 Native American/American Indian 2 Other 1 Staff Demographics - Gender Male Female Unspecified Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Years Strategic Plan Considers 9 Date Strategic Plan Adopted Mar 2006 Organization Policy and Procedures Nondiscrimination Policy 11

12 Whistleblower Policy 12

13 Board & Governance Board Chair Board Chair Mr. Samuel T. Byrne Company Affiliation CrossHarbor Capital Partners LLC Term June 2010 to June Board CoChair Board CoChair Mr. Sean M. Healey Company Affiliation Affiliated Managers Group, Inc. Term June 2010 to June Board Members Name Affiliation Status Tina Ambani Harmony Art Foundation, India Voting Samuel T. Byrne CrossHarbor Capital Partners LLC Voting C. Richard Carlson UBS Financial Services Voting Alfred D. Chandler Community Volunteer Voting Martha Chayet Community Volunteer Voting Samir Desai ADITI, Inc. Voting Kimberly Smith Guerster Community Volunteer Voting Carter H. Harrison Shawmut National Corp. Voting James B. Hawkes Eaton Vance Corp. Voting Sean M. Healey Affiliated Managers Groups, Inc Voting D. Thomas Healey Jr. Merrill Lynch Voting Carla B. Herwitz Choate, Hall & Stewart Voting Patricia Fae Ho American Association of University Women Voting Timothy A. Ingraham Community Volunteer Voting John O. Parker Parker Capital Management, Inc. Voting Stuart W. Pratt NAI Hunneman Corp. Voting George Putnam Putnam Investments Voting Jeffrey Rayport Castenea Partners Voting C. Franklin Sayre NextEra Energy Resources LLC Voting Robert N. Shapiro Ropes & Gray Voting Nancy Tieken Community Volunteer Voting Rose-Marie van Otterloo Community Volunteer Voting Gail von Metzsch Community Volunteer Voting 13

14 Board Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 1 Caucasian 20 Hispanic/Latino 0 Native American/American Indian 0 Other 2 Board Demographics - Gender Male Female Unspecified Board Information Board Term Lengths Board Term Limits Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions Constituency Includes Client Representation % 14

15 Financials Fiscal Year Fiscal Year Start Jan 01, 2013 Fiscal Year End Dec 31, 2013 Projected Revenue $24,094, Projected Expenses $24,086, Endowment? Endowment Value $ Spending Policy Percentage Percentage 5% Credit Line? No Reserve Fund? Months Reserve Fund Covers 0 Detailed Financials Revenue and Expenses Fiscal Year Total Revenue $53,044,354 $93,181,006 $25,129,463 Total Expenses $33,021,331 $28,018,745 $27,105,767 Revenue Sources Fiscal Year Foundation and Corporation Contributions Government Contributions $1,364,567 $2,546,817 $1,588,115 Federal State Local Unspecified $1,364,567 $2,546,817 $1,588,115 Individual Contributions $40,791,268 $83,934,036 $22,151,902 Indirect Public Support Earned Revenue $3,950,755 $4,030,527 $2,272,311 Investment Income, Net of Losses $5,454,726 $1,273,490 ($2,068,551) Membership Dues $778,000 $706,764 $645,298 Special Events $84,079 $119,888 $134,158 Revenue In-Kind Other $620,959 $569,484 $406,230 15

16 Expense Allocation Fiscal Year Program Expense $25,586,765 $20,753,980 $20,272,769 Administration Expense $4,733,288 $4,720,394 $4,580,899 Fundraising Expense $2,701,278 $2,544,371 $2,252,099 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 77% 74% 75% Fundraising Expense/Contributed Revenue 6% 3% 9% Assets and Liabilities Fiscal Year Total Assets $380,976,385 $372,283,355 $287,900,717 Current Assets $15,245,128 $47,151,709 $13,448,986 Long-Term Liabilities $35,273,342 $34,674,952 $35,146,000 Current Liabilities $2,399,105 $2,078,176 $2,013,903 Total Net Assets $343,303,938 $335,530,227 $250,740,814 Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets 9% 9% 12% Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Currently in a Capital Campaign? Campaign Purpose $650 million advancement campaign that includes: -$350 million increase to an already robust endowment -$200 million for a 175,000-square-foot-expansion -$100 million to support creative new installations of the collection, several infrastructure improvements to existing facilities and other advancement initiatives. Goal $ Dates 2006 to 2017 Amount Raised To Date $ as of 0 Comments Foundation Staff Comments Financial summary data in charts and graphs are per the organization's IRS 990s. Contributions from foundations and corporations are listed under individuals when the breakout was not available. Created Copyright 2018 The Boston Foundation 16

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