EIN 04-2103607

Museum of Fine Arts

IRS 501(c) type
501(c)(3)
Num. employees
747
City
Year formed
1870
Most recent tax filings
2022-06-01
NTEE code, primary
Description
Museum of Fine Arts is located in Boston, MA and houses preeminent collections while also aspiring to serve a wide variety of people through encounters with works of art. The retail operations offers a wide variety of merchandise related to the Museum's collections and special exhibitions which contribute to the achievement of the Museum's exempt educational purpose.
Total revenues
$148,263,439
2022
Total expenses
$134,496,363
2022
Total assets
$1,324,479,765
2022
Num. employees
747
2022

Program areas at Museum of Fine Arts

Education programs: the Museum maintains an ongoing series of education programs and activities in order to further the mission of the Museum and provide educational opportunities in art. Education programs cover a wide spectrum of topics and include studio art classes and workshops for children, teens and adults, lectures, films, concerts, a variety of other courses, free demonstrations and talks, free workshops for educators, school group tours, partnerships with local area schools, after-school programs and community groups to engage youth in Arts and programs for family visits to the Museum.
Enterprise: the Museum's retail operations offers 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. Offerings at shop include art books, posters, cards, glass, textiles, jewelry and sculpture. Merchandise is for sale in the physical shops or through retail's web-based outlet.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 of 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 programs as a result of seeing the items sold.
Exhibitions: with a collection of nearly 500,000 objects, the Museum owns some of the rare and important artistic treasures in the world. Such a collection enables the Museum to present many special exhibitions with a balance between scholarly programs and those with broad public appeal. During fiscal year 2022, the Museum presented 18 exhibitions. Some highlights include: new light: encounters and connections; paper stories, layered dreams; fabric of nation; helina metaferuca: generations; tattoos in japanese prints; from paris to hollywood: claudette colbert's starfish brooch; dawoud bey: bight coming tenderly; real photo postcards: pictures from a changing nation; weng family collection of chinese painting: art rocks; turner's modern world; philip guston now; stories artists tell: art of the americas, the 20th century; touching roots: black ancestral legacies in the americas; community Arts initiative: empowered faces; the banner project: diedrick brackens; incomparable impressionism from the mfa at mfa houston; the heroes chronicles of the warriors: japanese swords x ukiyo-e at mori Arts center gallery in tokyo, japan and the niigata bandaijima art Museum in niigata, japan.
Operating support:operating support consists of all other areas of the Museum. Including protective services, facilities and other areas which support the operations of the Museum and its mission.
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 areas 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.
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.
Membership & visitors:over 632,000 visitors attended the Museum during fiscal year 2022. During the fiscal year 2022, there were several community days during which admission charges were waived. The Museum has over 40,000 active member households. There are 3 levels of annual membership with fees ranging from $90 to $300. Each category offers a wide variety of privileges, such as free admission, publications, reciprocal member benefits at other major art museums around the u.s. and special events.
Other misc. Program services

Who funds Museum of Fine Arts

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$3,129,596
The Boston Foundation (TBF)Operating Support/annual Fund$762,064
The Ford FoundationCore Support for the Philip Guston Now Exhibition$750,000
...and 138 more grants received totalling $7,968,725
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$2,347,644
Department of EducationFEDERAL PELL GRANT PROGRAM$309,470
PROMOTION OF THE ARTS_GRANTS TO ORGANIZATIONS AND INDIVIDUALS$107,733
...and 2 more federal grants / contracts

Personnel at Museum of Fine Arts

NameTitleCompensation
Eric WoodsChief Operating Officer$0
Catherine VandenabeeleChief Financial Officer
Mark KerwinChief Financial Officer , Deputy Director , and Assistant Secretary / Deputy Director and C.f.o. / Deputy Director and Chief Financial Officer$427,548
Cameran MasonChief External Relations / Chief Development Officer$387,758
Kristin FergusonChief of Staff / Chief , Director's Office$76,177
...and 21 more key personnel

Financials for Museum of Fine Arts

RevenuesFYE 06/2022
Total grants, contributions, etc.$60,830,658
Program services$11,164,384
Investment income and dividends$1,843,992
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$5,482,407
Net gain from sale of non-inventory assets$54,210,271
Net income from fundraising events$56,170
Net income from gaming activities$0
Net income from sales of inventory$1,584,391
Miscellaneous revenues$13,091,166
Total revenues$148,263,439

Form 990s for Museum of Fine Arts

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-18990View PDF
2019-062020-08-11990View PDF
2018-062019-08-16990View PDF
2017-062018-11-15990View PDF
2016-062017-09-20990View PDF
...and 6 more Form 990s
Data update history
July 3, 2023
Updated personnel
Identified 12 new personnel
May 24, 2023
Updated personnel
Identified 8 new personnel
May 13, 2023
Used new vendors
Identified 2 new vendors, including , and
May 7, 2023
Received grants
Identified 1 new grant, including a grant for $173,050 from Bny Mellon Charitable Gift Fund
August 3, 2022
Received grants
Identified 18 new grant, including a grant for $230,000 from Essex County Community Foundation (ECCF)
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
Arts, cultural, and humanities
Characteristics
MembershipsFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
465 Huntington Ave
Boston, MA 02115
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
mfa.org/ 
Phone
(617) 369-3281
Facebook page
mfaboston 
Twitter profile
@mfaboston 
IRS details
EIN
04-2103607
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
Independent
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