Museum Directors: The IRS Is On Its Way
The IRS will be going after a stream of non-profit executives in the near future, claims the NYT and the WaPo. Thank God. Fucking do-gooders. Give 'em the chair! Art blog Modern Art Notes wonder if the IRS will be coming for our local museum directors, and quotes some recent tax returns:
MoMA's Glenn Lowry: salary: $500,595. benefits: $41,822. expenses: $76,800 in expenses.
The Guggenheim: Thomas Krens: salary: $450,000. benefits: $21,468. expenses: $89,083.
The Met: Philippe de Montebello: salary: $518,151. benefits: $94,469. expenses: $253,963.
Philippe de Montebello has a quarter-million bucks in expenses? What's he doing, writing off the Egyptian Wing for his home office deduction?
Is the IRS going after museum execs? [Modern Art Notes]