EIN 13-1624146

The Morgan Library & Museum

IRS 501(c) type
501(c)(3)
Num. employees
199
Year formed
1924
Most recent tax filings
2022-03-01
NTEE code, primary
Description
The mission of the Morgan Library & Museum is to preserve, build, study, present, and interpret a collection of extraordinary quality, in order to stimulate enjoyment, excite the imagination, advance learning, and nurture creativity.
Also known as...
The Pierpont Morgan Library
Total revenues
$59,153,120
2022
Total expenses
$26,123,983
2022
Total assets
$416,332,166
2022
Num. employees
199
2022

Program areas at The Morgan Library & Museum

Curatorial: The Morgan Library & Museum ("the Morgan") occupies a midtown Manhattan campus comprised of three landmarked buildings that are joined by pavilions constructed of steel-and-glass panels designed by renowned architect Renzo Piano. The Morgan houses one of the world's greatest collections of artistic, literary, musical, and historical works. Included in its holdings are original scores of Mozart and Beethoven, drawings by Rembrandt and Rubens, medieval and Renaissance works, three Gutenberg Bibles, literary manuscripts by Dickens and Twain, and five-thousand-year-old carvings from the countries of ancient Western Asia. The Morgan recorded 140,093 visitors over the fiscal year, primarily for a wide variety of changing exhibitions (Continued on Schedule O)encompassing works from the Morgan's permanent collection and from other museums and libraries in the U.S. and abroad. Exhibitions during fiscal year 2022 included "Woody Guthrie: People Are the Song," "One Hundred Years of James Joyce's Ulysses, and "She Who Wrote: Enheduanna and Women of Mesopotamia, ca. 3400-2000 B.C." . The Morgan's curators plan the exhibitions, oversee the permanent collection, prepare exhibition and collection-related catalogs, organize symposia, host graduate seminars, and provide research and other services to the scholarly community.The extraordinary group of medieval and Renaissance manuscripts; printed books and bindings; literary, historical, and music manuscripts; drawings and prints; and ancient cylinder seals that J. Pierpont Morgan brought together were among the first important collections of their kind in America and form what is today the core of the Morgan's holdings. (The collection now includes photography and modern and contemporary drawings as well.) In overall quality and importance, these collections are among the finest in the world, distinguished by the high percentage of items that are unique or exceptionally rare. One of only a handful of American institutions devoted to these specialized areas, the Morgan maintains an active acquisitions program and now holds several hundred thousand items in its collection. The Morgan's Drawing Institute is devoted to the interpretation, conservation, and theory of old master and modern drawing with the goal of stimulating new lines of investigation and discourse. The Drawing Institute supports research through annual fellowships; publications; small, focused exhibitions; and an ongoing series of symposia, seminars, and lectures.
Public Programs: In fiscal year 2022, 4,718 people attended a range of virtual and in-person lectures, family programs, college programs, and workshops, many by renowned artists and experts in their field. This active program of lectures and gallery talks focused on the Morgan's collections and exhibitions. An additional 6,045 people viewed world class performers in in-person and streaming concerts presented by the Morgan. Docents gave virtual presentations that reached over 2,049 participants. The Morgan's school programs served 2,940 K-12 students of diverse communities.
Library and Museum Services: The Morgan Library & Museum is one of nineteen independent research libraries in the United States and, as such, makes its collections available to qualified researchers for study on-site in the Sherman Fairchild Reading Room and the Drawing Study Center. An online catalog of the collections is accessible at www.themorgan.org and assists researchers both on-and off-site. Active digitization and publication programs help to extend the reach of the Morgan's scholarly services and support study of the collections.The Morgan has had professional paper and book conservation facilities since the 1950s, when they were among the first such labs in the United States. (Continued on Schedule O)The Morgan's conservation facilities were dramatically enhanced with the 2002 completion of the Thaw Conservation Center. The Morgan's conservators oversee the preservation of the collections and also undertake surveys and treatment projects of discrete collection areas. The collections consist almost entirely of works on paper and related porous supports (vellum, parchment, papyri), and the conservators have developed special expertise in the conservation, restoration, and repair of such objects. Both a working and teaching facility, the Thaw Center receives requests for assistance from institutions in the United States and abroad. It offers fellowships in conservation techniques and practices.
Museum Publications and Retail: The Morgan maintains an active publications program, producing catalogues related to its exhibitions and items in its permanent collections. These catalogues are made available to the public, along with other exhibition and collection-related merchandise, through the Morgan's on-site retail shop and through the Morgan's website.

Who funds The Morgan Library & Museum

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$190,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$113,873
Gary W. Parr Family FoundationUnrestricted Charitable Purposes$100,000
...and 41 more grants received totalling $786,605

Personnel at The Morgan Library & Museum

NameTitleCompensation
Colin B. BaileyDirector$620,070
Kristina W StillmanDirector of Finance and Administration / Director of Finance and Administrative and Asst.treasurer / Director of Finance and Administrative and Assistant Treasurer$289,653
Noreen KhalidAhmad, Director of Communications and Marketing
Lauren StakiasDevelopment and Membership / Director of Institutional Advancement$231,413
Molly HermesDirector of Individual Giving
...and 15 more key personnel

Financials for The Morgan Library & Museum

RevenuesFYE 03/2022
Total grants, contributions, etc.$13,742,344
Program services$2,153,988
Investment income and dividends$17,252,450
Tax-exempt bond proceeds$0
Royalty revenue$4,250
Net rental income$0
Net gain from sale of non-inventory assets$25,602,364
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$397,724
Miscellaneous revenues$0
Total revenues$59,153,120

Form 990s for The Morgan Library & Museum

Fiscal year endingDate received by IRSFormPDF link
2022-032023-02-13990View PDF
2021-032022-02-10990View PDF
2020-032021-04-12990View PDF
2019-032020-10-23990View PDF
2018-032019-04-15990View PDF
...and 8 more Form 990s

Organizations like The Morgan Library & Museum

OrganizationLocationRevenue
Bruce MuseumGreenwich, CT$34,777,408
Solomon R. Guggenheim Foundation (SRGF)New York, NY$73,166,662
Brooklyn MuseumBrooklyn, NY$88,940,575
Whitney Museum of American ArtNew York, NY$67,707,000
The Frick CollectionNew York, NY$67,471,378
Buffalo Fine Arts AcademyBuffalo, NY$30,844,940
Salvador Dali MuseumSt Petersburg, FL$16,504,517
Isabella Stewart Gardner MuseumBoston, MA$21,324,640
Minneapolis Institute of ArtMinneapolis, MN$54,407,955
San Francisco Museum of Modern ArtSan Francisco, CA$89,774,720
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 4 new personnel
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 23, 2023
Updated personnel
Identified 1 new personnel
May 7, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from Rudin Management Company
Nonprofit Types
Libraries and archivesArts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsFundraising eventsOperates internationallyReceives government fundingEndowed supportGala fundraisersTax deductible donations
General information
Address
225 Madison Ave
New York, NY 10016
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
themorgan.org/ 
Phone
(212) 685-0008
Facebook page
morganlibrary 
Twitter profile
@morganlibrary 
IRS details
EIN
13-1624146
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1924
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A51: Art Museums
NAICS code, primary
51912: Libraries and Archives
Parent/child status
Independent
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