Cause IQ organization profile

Museum of Fine Arts

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Museum of Fine Arts is a art museum based in Boston, MA that was founded in 1870. As of 2019 they had $177 million in revenue and $1.1 billion in assets.

EIN:
04-2103607
City:
State:
Website:
Facebook:
Twitter:
Founded:
1870
Type:
501(c)(3)
NTEE:
Revenue:
$177,299,579
Assets:
$1,174,889,792
Employees:
946
Fiscal year end:
June
Revenue trends:
Asset trends:

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. Approximate 120,000 visitors participated in these various programs.

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 ...

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 2019, the Museum presented near 30 exhibitions. Some highlights include: casanova's europe: art, pleasure, and power in the 18th century (july 8 - oct 8, 2018); 10,000 miles along the yangzi river (july 21 - sept 30, 2018); conservation in action: japanese buddhist sculpture in a new light (dec 15, 2018 - june 30, 2019); graciela iturbide's mexico (jan 19 - may 12, 2019); made visible: contemporary south african fashion and identity (feb 2 - may 14, 2019); winnie-the pooh: exploring a classic (sept 22, 2018 - jan 6, 2019); frida kahlo and arte popular (feb 27 - june 19, 2019); gender ...

Form 990s for Museum of Fine Arts

Fiscal year endingDate received by IRSFormPDF link
2019-06Aug 11, 2020990View PDF
2018-06Aug 16, 2019990View PDF
2017-06Nov 15, 2018990View PDF
2016-06Sep 20, 2017990View PDF
2015-06Aug 5, 2016990View PDF
...and five more Form 990 PDFs

Financials for Museum of Fine Arts

Field2019
Total grants, contributions, etc.$92,323,768
Program services$13,163,299
Investment income and dividends$3,119,746
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$5,040,668
Net gain from sale of non-inventory assets$47,867,992
Net income from fundraising events$-3,145
Net income from gaming activities$0
Net income from sales of inventory$2,633,315
Miscellaneous revenues$13,153,936
Total revenues$177,299,579

Vendors for Museum of Fine Arts

VendorServicesAmount paidDate
Johnson O'Connor Feron and Carucci LLPTax accounting2020-05-07
██████Content management system software2020-03-03
███ ███████ ███████ ███Construction$1,538,3172019-06-01
████████ ████████ ███Media Marketing$1,390,8712019-06-01
██ ████ ███████████Parking$883,1562019-06-01
███ ████████ ████████ ███Cleaning$1,268,8822019-06-01
██ ███ ███████Art Shipping and Storage$1,218,4032019-06-01
█████████ ███████ ███████ ███ ██ ██Audit accounting2016-12-31
...and four more vendors

Personnel at Museum of Fine Arts

NameTitleCompensationMost recent data
Willard HolmesChief Operating Officer-Aug. 27, 2018
Diana WatersChief Financial Officer-Oct. 10, 2018
███████ ████████Chief of Staff$218,534June 30, 2019
███████ █████Chief Development Officer$205,399June 30, 2019
██████ ███████Chief of Exhibitions Strategy$181,855June 30, 2019
███████ ██ ████████Executive Director-Oct. 11, 2018
███████ ████████Director of Procurement and Business Operations-Sept. 6, 2018
████ █ ███████Senior Director , Communications$199,709June 30, 2019
█████ ██ ██████Director of Marketing and Communications-Oct. 11, 2018
██████ ████████Senior Director of Information$204,659June 30, 2019
...and 25 more key personnel

Peer art museums

 NameTypeRevenueLocation
1Museum of Modern Art501(c)(3)$283 millionNew York, NY
2Philadelphia Museum of Art501(c)(3)$73 millionPhiladelphia, PA
3Armand Hammer Museum of ART AND CULTURAL Center501(c)(3)$51 millionLos Angeles, CA
4Peabody Essex Museum501(c)(3)$51 millionSalem, MA
5Solomon R. Guggenheim Foundation (SRGF)501(c)(3)$77 millionNew York, NY
6Metropolitan Museum of Art501(c)(3)$574 millionNew York, NY
7San Francisco Museum of Modern Art501(c)(3)$88 millionSan Francisco, CA
8Minneapolis Institute of Art501(c)(3)$45 millionMinneapolis, MN
9Asian Art Museum Foundation of San Francisco501(c)(3)$49 millionSan Francisco, CA
10The Detroit Institute of Arts501(c)(3)$64 millionDetroit, MI
11National Gallery of Art (NGA)501(c)(3)$277 millionWashington, DC
12Whitney Museum of American Art501(c)(3)$85 millionNew York, NY
13Cleveland Museum of Art (CMA)501(c)(3)$63 millionCleveland, OH
14The Museum of Fine Arts Houston501(c)(3)$166 millionHouston, TX
15Crystal Bridges Museum of American Art501(c)(3)$237 millionBentonville, AR
16Denver Art Museum501(c)(3)$73 millionDenver, CO
17Fine Arts Museums of San Francisco501(c)(3)$50 millionSan Francisco, CA
18Museum Associates (LACMA)501(c)(3)$144 millionLos Angeles, CA
19Museum of Science501(c)(3)$80 millionBoston, MA
20Carnegie Museums of Pittsburgh501(c)(3)$90 millionPittsburgh, PA
21Corning Museum of Glass501(c)(3)$46 millionCorning, NY
22American Museum of Natural History501(c)(3)$205 millionNew York, NY
23Museum of the Bible501(c)(3)$140 millionOklahoma City, OK
24Studio Museum in Harlem501(c)(3)$61 millionNew York, NY
25New England Aquarium501(c)(3)$46 millionBoston, MA