EIN 13-1624086

Metropolitan Museum of Art

Name: Metropolitan Museum of Art financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

2,079

City

New York

State

New York

Year formed

1870

Most recent tax filings

2022-06-01

NTEE code, primary

A51: Art Museums

Description

The mission of the Metropolitan Museum of Art is to collect, preserve, study, exhibit, and stimulate appreciation for and advance knowledge of works of Art that collectively represent the broadest spectrum of human achievement at the highest level of quality, all in the service of the public and in accordance with the highest professional standards. The Metropolitan Museum of Art collects, studies, conserves, and presents significant works of Art across all times and cultures in order to connect people to creativity, knowledge, and ideas.

Total revenues

$653,501,924

2022

Total expenses

$418,756,869

2022

Total assets

$5,373,900,476

2022

Num. employees

2,079

2022

Program areas at Metropolitan Museum of Art

Curatorial departments, including operation of the cloisters, conservation, cataloguing, and scholarly publications (includes fellowship awards and travel stipends in the amount of $2,561,795) - see schedule o for more information

Operating services

Special exhibitions

All other support services

Who funds Metropolitan Museum of Art

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Foundation Mireille and James Levy	2021-12	Education	$64,350,000
Anna Maria and Stephen Kellen Foundation	2022-04	General Tax Exempt Purposes	$6,060,000
Isaacson Draper Foundation	2021-12	General	$5,181,741
...and 810 more grants received totalling $132,269,830

Federal funding details

Federal agency	CFDA code	Program name	Amount
Small Business Administration	59.075	COVID-19 SHUTTERED VENUE OPERATORS GRANT PROGRAM	$10,000,000
	45.312	NATIONAL LEADERSHIP GRANTS	$69,094
	45.024	PROMOTION OF THE ARTS GRANTS TO ORGANIZATIONS AND INDIVIDUALS; THE NEW WOMAN BEHIND THE CAMERA	$30,000
...and 2 more federal grants / contracts

Personnel at Metropolitan Museum of Art

Name	Title	Compensation	Date of data
Daniel H Weiss	President , Chief Executive Officer	$1,365,424	2022-06-30
Jameson Kelleher	Senior Vice President , Chief Financial Officer and Treasurer	$536,881	2023-02-15
Jamie Kelleher	Senior Vice President, Finance and Operations, Chief Financial Officer, and Treasurer		2022-10-03
Lauren Meserve	Senior Vice President and Chief Investment Officer	$1,322,379	2022-10-03
Douglas C Hegley	Chief Digital Officer	$321,918	2022-06-30
...and 27 more key personnel

Financials for Metropolitan Museum of Art

Revenues	FYE 06/2022	FYE 06/2021	% Change
Total grants, contributions, etc.	$307,540,922	$194,219,691	58.3%
Program services	$11,654,821	$4,435,800	162.7%
Investment income and dividends	$54,477,434	$31,447,165	73.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$14,790	$7,635	93.7%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$242,117,830	$308,088,665	-21.4%
Net income from fundraising events	$-10,358,291	$-152,555	-6689.9%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$-367,469	$-4,893,048	92.5%
Miscellaneous revenues	$48,421,887	$3,326,664	1355.6%
Total revenues	$653,501,924	$536,480,017	21.8%

Form 990s for Metropolitan Museum of Art

Fiscal year ending	Date received by IRS	Form	PDF link
2022-06	2023-02-15	990	View PDF
2021-06	2022-02-15	990	View PDF
2020-06	2021-04-12	990	View PDF
2019-06	2020-10-06	990	View PDF
2018-06	2019-04-15	990	View PDF
...and 8 more Form 990s

Organizations like Metropolitan Museum of Art

Organization	Type	Location	Revenue
Museum of Modern Art	501(c)(3)	New York, NY	$265,321,760
American Museum of Natural History	501(c)(3)	New York, NY	$228,285,796
National Gallery of Art (NGA)	501(c)(3)	Landover, MD	$361,600,225
Art Institute of Chicago (AIC)	501(c)(3)	Chicago, IL	$414,893,991
Crystal Bridges Museum of American Art	501(c)(3)	Bentonville, AR	$212,742,938
Smithsonian Institution (SI)	501(c)(3)	Washington, DC	$1,804,763,983
Museum of Science and Industry / The Northern Trust Company (MSI)	501(c)(3)	Chicago, IL	$169,067,056
Lincoln Center for the Performing Arts	501(c)(3)	New York, NY	$182,748,154
Shedd Aquarium	501(c)(3)	Chicago, IL	$182,584,994
WGBH Educational Foundation	501(c)(3)	Boston, MA	$211,952,357

Data update history

July 11, 2023

Used new vendors

Identified 6 new vendors, including , , , , , and

June 19, 2023

Posted financials

Added Form 990 for fiscal year 2022

June 17, 2023

Updated personnel

Identified 9 new personnel

June 13, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 13, 2023

Used new vendors

Identified 3 new vendors, including , , and

Nonprofit Types

Arts, culture, and humanities nonprofitsMuseumsHeadquarter / parent organizationsCharities

Issues

Arts, cultural, and humanities

Characteristics

MembershipsPolitical advocacyLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations

General information

Address: 1000 Fifth Ave; New York, NY 10028
Metro area: New York-Newark-Jersey City, NY-NJ-PA
County: New York County, NY
Website URL: metmuseum.org/
Phone: (212) 879-5500
Facebook page: metmuseum
Twitter profile: @metmuseum

IRS details

EIN: 13-1624086
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1870
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: A51: Art Museums
NAICS code, primary: 7121: Museums, Historical Sites, and Similar Institutions
Parent/child status: Central organization

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Metropolitan Museum of Art

Program areas at Metropolitan Museum of Art

Who funds Metropolitan Museum of Art

Personnel at Metropolitan Museum of Art

Financials for Metropolitan Museum of Art

Form 990s for Metropolitan Museum of Art

Organizations like Metropolitan Museum of Art

Nonprofits

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