EIN 04-2103607

Museum of Fine Arts

IRS 501(c) type
501(c)(3)
Num. employees
809
City
Year formed
1870
Most recent tax filings
2023-06-01
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
$99,573,924
2023
Total expenses
$123,302,516
2023
Total assets
$1,382,617,633
2023
Num. employees
809
2023

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 2023, the Museum presented 24 exhibitions. Some highlights include: the stillness of things: photographs from the lane collection; portraits of leadership: responses to the obama portraits; the obama portraits tour; life magazine and the power of photography; body awareness: maria lassnig's experimental films; frank bowling's americas; smfa at tufts: archive and autobiography; making past present: cy twombly; who holds up the sky? ; hear me now: the black potters of old edgefield, south carolina; hokusai: inspiration and influence; the provincetown printmakers; painted tintypes: photography for the people; e. jane: drenched in light; community Arts initiative: from farm to craft table; something old, something new: wedding fashions and traditions; world of the pharaohs at mfa houston; the heroes-chronicles of the warriors: japanese swords x ukiyo-e at tokyo, japan & kobe, japan; art and power: from pharaohs to daimyos. Masterworks at tokyo, japan; nubia: jewels of ancient sudan at los angeles, ca; fabric of a nation: american quilt stories at los angeles, ca; ansel adams in our time at san francisco, ca; ancient nubia: art of the 25th dynasty at atlanta, ga.
Operating support: expenses: $45,571,879 revenue: $0operating 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: expenses: $1,125,953 revenue: $4,110,841the 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: expenses: $891,077 $revenue: 2,245,643the 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: expenses: $3,578,184 revenue: $8,916,826over 849,000 visitors attended the Museum during fiscal year 2023. During the fiscal year 2023, there were more than five community days during which admission charges were waived. The Museum has over 49,000 active member households. There are 3 levels of paid 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: expenses: $1,855,175 revenue: $6,767,086

Who funds Museum of Fine Arts

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,848,292
The Boston Foundation (TBF)Operating Support/annual Fund$530,999
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$430,700
...and 144 more grants received totalling $7,715,422

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 19 more key personnel

Financials for Museum of Fine Arts

RevenuesFYE 06/2023
Total grants, contributions, etc.$62,367,673
Program services$23,141,595
Investment income and dividends$2,520,569
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$4,980,957
Net gain from sale of non-inventory assets$-735,077
Net income from fundraising events$9,044
Net income from gaming activities$0
Net income from sales of inventory$2,359,741
Miscellaneous revenues$4,929,422
Total revenues$99,573,924

Form 990s for Museum of Fine Arts

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2021-062022-05-11990View PDF
2020-062021-05-18990View PDF
2019-062020-08-11990View PDF
2018-062019-08-16990View PDF
...and 8 more Form 990s

Organizations like Museum of Fine Arts

OrganizationLocationRevenue
The Museum of Fine Arts HoustonHouston, TX$147,981,263
Asian Art Museum Foundation of San FranciscoSan Francisco, CA$30,699,446
San Francisco Museum of Modern ArtSan Francisco, CA$61,181,812
Minneapolis Institute of ArtMinneapolis, MN$63,903,670
Philadelphia Museum of ArtPhiladelphia, PA$114,413,997
Seattle Art MuseumSeattle, WA$29,985,574
The Detroit Institute of ArtsDetroit, MI$71,243,439
Los Angeles County Museum of Art (LACMA)Los Angeles, CA$194,481,499
Toledo Museum of ArtToledo, OH$72,028,653
Brooklyn MuseumBrooklyn, NY$50,937,193
Data update history
May 18, 2024
Received grants
Identified 8 new grant, including a grant for $230,000 from Essex County Community Foundation (ECCF)
January 3, 2024
Received grants
Identified 28 new grant, including a grant for $300,000 from Hearst Foundations
October 26, 2023
Received grants
Identified 15 new grant, including a grant for $199,424 from Ruettgers Family Charitable Foundation
August 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 24, 2023
Received grants
Identified 88 new grant, including a grant for $762,064 from The Boston Foundation (TBF)
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 donationsAccepts online 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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