Cause IQ organization profile

Philadelphia Museum of Art

Philadelphia Museum of Art is a art museum based in Philadelphia, PA that was founded in 1876. As of 2018 they had $73 million in revenue and $1.0 billion in assets.

Collecting, maintaining and displaying works of art. To preserve, enhance, interpret, and extend the reach of its collections to a diverse audience.

EIN:

23-1365388

City:

Philadelphia

State:

Pennsylvania

Website:

philamuseum.org

Facebook:

facebook.com/philamuseum

Twitter:

@philamuseum

Founded:

1876

Type:

501(c)(3)

NTEE:

A51: Art museums

Revenue:

$73,820,439

Assets:

$1,009,323,665

Employees:

678

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Philadelphia Museum of Art

Curatorial activities, including collection care and the acquisition of various art objects.

Education programs for children, disabled, and general public to provide a better understanding of Museum's collection and art in general. Program attendance - 187,225.

Special exhibition program and planning including the presentation of the following exhibitions, Modern Times: American Art 1910-1950, Philadelphia Assembled, Old Masters Now: Celebrating the Johnson Collection and Jean Shin: Collections.

Form 990s for Philadelphia Museum of Art

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Jun 19, 2019	990	View PDF
2017-06	Nov 15, 2018	990	View PDF
2016-06	Sep 22, 2017	990	View PDF
2015-06	Aug 1, 2016	990	View PDF
2014-06	Jul 10, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for Philadelphia Museum of Art

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$5,071,988	$5,584,431	-9.2%
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$9,553,382	$17,016,532	-43.9%
Normal grants, contributions, etc.	$36,835,116	$42,338,004	-13.0%
<em>Non-cash contributions included in above</em>	$14,100,077	$9,515,096	48.2%
Total grants, contributions, etc.	$51,460,486	$64,938,967	-20.8%

Field	2018	2017	% Change
Total grants, contributions, etc.	$51,460,486	$64,938,967	-20.8%
Program services	$7,599,122	$7,278,266	4.4%
Investment income and dividends	$5,602,264	$4,157,230	34.8%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$6,740,799	$3,663,816	84.0%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$957,918	$1,609,164	-40.5%
Miscellaneous revenues	$1,459,850	$1,573,977	-7.3%
Total revenues	$73,820,439	$83,221,420	-11.3%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$2,381,545	$2,337,554	1.9%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$23,558,447	$22,708,974	3.7%
Pension/retirement accruals and contributions	$991,591	$874,909	13.3%
Other employee benefits	$3,268,898	$3,264,701	0.1%
Payroll taxes	$2,007,477	$2,036,273	-1.4%
Management fees	$0	$0
Legal fees	$86,399	$80,004	8.0%
Accounting fees	$95,842	$83,208	15.2%
Lobbying fees	$103,746	$104,173	-0.4%
Pro. fundraising fees	$148,552	$164,995	-10.0%
Investment mgmt fees	$3,378,226	$3,040,401	11.1%
Other fee-for-service	$7,567,436	$7,291,903	3.8%
Advertising and promotion	$1,065,641	$1,052,793	1.2%
Office expenses	$1,821,234	$2,338,060	-22.1%
Information tech. expenses	$755,860	$733,672	3.0%
Royalty expenses	$1,101	$0	999%
Occupancy	$1,711,493	$1,242,890	37.7%
Travel	$587,275	$575,850	2.0%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$66,136	$61,825	7.0%
Interest	$928,686	$670,973	38.4%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$9,298,567	$8,660,854	7.4%
Insurance	$1,027,581	$1,090,407	-5.8%
All other expenses	$11,807,305	$14,521,943	-18.7%
Total expenses	$72,659,038	$72,936,362	-0.4%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$62,879,716	$59,195,540	6.2%
Pledges and grants receivable	$72,832,360	$101,136,486	-28.0%
Accounts receivable	$1,020,402	$990,076	3.1%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$927,376	$1,549,817	-40.2%
Prepaid expenses and deferred charges	$1,706,694	$3,580,740	-52.3%
Buildings, equipment, etc. post-depreciation	$369,812,959	$317,876,401	16.3%
Investments, publicly traded securities	$141,060,463	$123,292,194	14.4%
Investments, other securities	$346,274,010	$343,433,597	0.8%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$12,809,685	$11,482,204	11.6%
Total assets	$1,009,323,665	$962,537,055	4.9%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$23,903,727	$21,792,015	9.7%
Grants payable	$0	$0
Deferred revenue	$1,801,589	$358,828	402.1%
Tax-exempt bond liabilities	$66,825,138	$49,332,870	35.5%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$10,000,000	-100%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$1,987,202	$2,247,299	-11.6%
Total liabilities	$94,517,656	$83,731,012	12.9%

Field	2018	2017	% Change
Unrestricted net assets	$405,017,600	$361,662,521	12.0%
Temporarily restricted net assets	$179,709,834	$198,520,836	-9.5%
Permanently restricted net assets	$330,078,575	$318,622,686	3.6%

Vendors for Philadelphia Museum of Art

Vendor	Services	Amount paid	Date
KPMG LLP	Tax accounting; Audit accounting		2019-05-29
███ ███████████ █████	Consultant	$102,000	2018-06-01
█████████ ████████	Construction	$7,955,352	2018-06-01
██████████ █████ ███ ██████████ ███	Consultant	$46,552	2018-06-01
███ █████ ███	Construction	$4,514,649	2018-06-01
██ ████████ ███████	Construction	$7,939,793	2018-06-01
██████ ██████████ ███	Construction	$4,995,248	2018-06-01
█████████ ██████████ ███████ ██	Security	$3,936,743	2018-06-01

Personnel at Philadelphia Museum of Art

Name	Title	Compensation	Most recent data
Timothy Rub	Director and Chief Executive Officer	$648,968	July 18, 2019
Gail Harrity	President and Chief Operating Officer	$393,217	July 18, 2019
███████ ████████	Chief Financial Officer	$0	May 29, 2019
████████ █ ████████	Director of Development	$285,221	June 30, 2018
█████ ████████	Director of Retail	$161,308	June 30, 2018
███ ██████████████	Director of Engineering and Fa	$190,123	June 30, 2018
████ █████	Creative and Brand Engagement Director	$144,692	June 30, 2018
███████ █████	Secretary and General Counsel	$273,525	June 30, 2018
███████ █████████	Director of Iit	$165,062	June 30, 2018
██████ █ █████	Past Chief Financial Officer	$296,811	June 30, 2018
...and three more key personnel

Peer art museums

	Name	Type	Revenue	Location
1	Museum of Fine Arts	501(c)(3)	$133 million	Boston, MA
2	Milwaukee Art Museum	501(c)(3)	$20 million	Milwaukee, WI
3	Museum of Modern Art	501(c)(3)	$283 million	New York, NY
4	Armand Hammer Museum of ART AND CULTURAL Center	501(c)(3)	$51 million	Los Angeles, CA
5	Barnes Foundation	501(c)(3)	$36 million	Philadelphia, PA
6	Seattle Art Museum	501(c)(3)	$55 million	Seattle, WA
7	Buffalo Fine Arts Academy	501(c)(3)	$19 million	Buffalo, NY
8	Isabella Stewart Gardner Museum	501(c)(3)	$19 million	Boston, MA
9	San Francisco Museum of Modern Art	501(c)(3)	$88 million	San Francisco, CA
10	Solomon R. Guggenheim Foundation (SRGF)	501(c)(3)	$77 million	New York, NY
11	Toledo Museum of Art	501(c)(3)	$31 million	Toledo, OH
12	Oakland Museum of California (OMCA)	501(c)(3)	$18 million	Oakland, CA
13	Winterthur Museum Garden and Library	501(c)(3)	$42 million	Winterthur, DE
14	Brooklyn Museum	501(c)(3)	$43 million	Brooklyn, NY
15	Asian Art Museum Foundation of San Francisco	501(c)(3)	$49 million	San Francisco, CA
16	Minneapolis Institute of Art	501(c)(3)	$45 million	Minneapolis, MN
17	Amon Carter Museum of American Art	501(c)(3)	$26 million	Fort Worth, TX
18	Georgia O'Keeffe Museum	501(c)(3)	$36 million	Santa Fe, NM
19	Perez Art Museum Miami (PAMM)	501(c)(3)	$28 million	Miami, FL
20	National Gallery of Art (NGA)	501(c)(3)	$277 million	Washington, DC
21	Nelson-Atkins Museum of Art	501(c)(3)	$40 million	Kansas City, MO
22	The Jewish Museum	501(c)(3)	$23 million	New York, NY
23	Baltimore Museum of Art	501(c)(3)	$35 million	Baltimore, MD
24	Institute of Contemporary Art (ICA)	501(c)(3)	$32 million	Boston, MA
25	The Detroit Institute of Arts	501(c)(3)	$64 million	Detroit, MI

Also explore

Want more details?

Just create a free account! You're in good company, too. Cause IQ users include leading nonprofit, professional services, and technology professionals.

Create free account to learn more about Philadelphia Museum of Art.

What is Cause IQ?

Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients.

For example, our data and tools help companies prospect for art museums, qualify inbound opportunities like Philadelphia Museum of Art, benchmark clients to other art museums, and enrich existing CRM information.

Curious how Cause IQ can help you prospect for foundations or clients, research nonprofits, benchmark clients, or enrich your existing information?

Create free account

Cause IQ organization profile

Philadelphia Museum of Art

Program areas at Philadelphia Museum of Art

Form 990s for Philadelphia Museum of Art

Financials for Philadelphia Museum of Art

Vendors for Philadelphia Museum of Art

Personnel at Philadelphia Museum of Art

Peer art museums

Also explore

Want more details?

What is Cause IQ?

Nonprofits

Product

Customers

About

Email newsletter