Cause IQ organization profile

The Museum of Fine Arts Houston

The Museum of Fine Arts Houston is a art museum based in Houston, TX that was founded in 1924. As of 2018 they had $166 million in revenue and $1.7 billion in assets.

The Museum of Fine Arts, Houston (The "Museum") is organized and is to be operated exclusively for charitable, scientific, literary, and educational purposes, including The operation and maintenance of one or more Museum facilities and, in connection ...

EIN:

74-1109655

City:

Houston

State:

Texas

Website:

mfah.org

Facebook:

facebook.com/mfah.org

Twitter:

@mfah

Founded:

1924

Type:

501(c)(3)

NTEE:

A51: Art museums

Revenue:

$166,267,084

Assets:

$1,751,024,157

Employees:

810

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at The Museum of Fine Arts Houston

Education and public programs

Glassell school of art

Accessions, curatorial and exhibit expenses

Form 990s for The Museum of Fine Arts Houston

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Oct 12, 2019	990	View PDF
2017-06	Nov 15, 2018	990	View PDF
2016-06	Oct 2, 2017	990	View PDF
2015-06	Aug 2, 2016	990	View PDF
2014-06	Jul 23, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for The Museum of Fine Arts Houston

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$5,901,983	$3,580,669	64.8%
Related organizations	$0	$0
Government grants (contributions)	$854,004	$855,059	-0.1%
Normal grants, contributions, etc.	$44,409,885	$41,890,371	6.0%
<em>Non-cash contributions included in above</em>	$13,297,860	$21,766,491	-38.9%
Total grants, contributions, etc.	$51,165,872	$46,326,099	10.4%

Field	2018	2017	% Change
Total grants, contributions, etc.	$51,165,872	$46,326,099	10.4%
Program services	$10,341,049	$10,863,584	-4.8%
Investment income and dividends	$23,512,317	$21,284,294	10.5%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$251,654	$820,335	-69.3%
Net rental income	$233,169	$226,024	3.2%
Net gain from sale of non-inventory assets	$74,914,176	$50,622,801	48.0%
Net income from fundraising events	$-1,599,297	$-873,584	-83.1%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$344,695	$-322,415	206.9%
Miscellaneous revenues	$7,103,449	$1,044,983	579.8%
Total revenues	$166,267,084	$129,992,121	27.9%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$173,786	$148,226	17.2%
Grants to govts., orgs., and individuals outside USA	$11,510	$14,748	-22.0%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$2,348,113	$2,195,819	6.9%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$26,197,058	$25,741,162	1.8%
Pension/retirement accruals and contributions	$883,913	$889,892	-0.7%
Other employee benefits	$3,311,915	$4,427,131	-25.2%
Payroll taxes	$2,022,552	$1,964,231	3.0%
Management fees	$0	$0
Legal fees	$109,911	$112,015	-1.9%
Accounting fees	$223,313	$307,002	-27.3%
Lobbying fees	$0	$0
Pro. fundraising fees	$42,000	$42,000
Investment mgmt fees	$1,745,679	$1,611,294	8.3%
Other fee-for-service	$3,855,056	$3,383,309	13.9%
Advertising and promotion	$1,433,834	$1,322,376	8.4%
Office expenses	$1,195,378	$1,287,178	-7.1%
Information tech. expenses	$1,048,168	$582,724	79.9%
Royalty expenses	$0	$0
Occupancy	$2,156,319	$2,410,415	-10.5%
Travel	$1,307,176	$939,454	39.1%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$49,496	$77,972	-36.5%
Interest	$77,617	$72,796	6.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$8,357,860	$6,756,697	23.7%
Insurance	$1,445,135	$1,517,596	-4.8%
All other expenses	$32,141,022	$37,604,823	-14.5%
Total expenses	$90,136,811	$93,408,860	-3.5%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$96,237,595	$80,477,759	19.6%
Savings, short-term investments, etc.	$95,436,409	$89,807,052	6.3%
Pledges and grants receivable	$84,405,173	$105,291,929	-19.8%
Accounts receivable	$6,295,491	$8,257,937	-23.8%
Loans receivable from officers, directors, etc.	$784,261	$832,666	-5.8%
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$809,061	$597,071	35.5%
Prepaid expenses and deferred charges	$626,678	$1,500,160	-58.2%
Buildings, equipment, etc. post-depreciation	$298,656,829	$217,486,216	37.3%
Investments, publicly traded securities	$901,234,757	$907,804,487	-0.7%
Investments, other securities	$264,475,107	$247,285,926	7.0%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$2,062,796	$2,295,186	-10.1%
Total assets	$1,751,024,157	$1,661,636,389	5.4%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$27,826,618	$32,986,436	-15.6%
Grants payable	$0	$0
Deferred revenue	$16,417,350	$16,620,480	-1.2%
Tax-exempt bond liabilities	$0	$0
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	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$44,243,968	$49,606,916	-10.8%

Field	2018	2017	% Change
Unrestricted net assets	$465,777,178	$372,745,608	25.0%
Temporarily restricted net assets	$528,533,213	$533,053,433	-0.8%
Permanently restricted net assets	$712,469,798	$706,230,432	0.9%

Vendors for The Museum of Fine Arts Houston

Vendor	Services	Amount paid	Date
Microsoft Services	Software		2020-03-17
█████ ████ █████████ ███████	Contract Administrator	$51	2019-12-31
████ █ ███████ ███ ██	Insurance agent or broker		2019-12-31
█████ ████ █████████ ███	Insurance		2019-12-31
████████ █████ ████ ████ ███ ██ ███████████ ██	Insurance		2019-12-31
████ ██ ███████ ███ ███ ███	Insurance agent or broker	$22,465	2019-12-31
█████ ███ ████	Insurance agent or broker	$21,715	2019-12-31
████████ ███ ███	Tax accounting; Audit accounting		2019-12-04
...and seven more vendors

Personnel at The Museum of Fine Arts Houston

Name	Title	Compensation	Most recent data
John Willard Holmes	Chief Operating Officer	$377,242	June 30, 2018
Eric Anyah	Chief Financial Officer	$485,483	July 26, 2019
███ ██████	Chief Development Officer	$378,454	Aug. 1, 2018
█████ █████████	Chief of Building Operations	-	Oct. 5, 2018
████ ██████	Chief Preparator	-	Oct. 5, 2018
████████ ██████	Asso Director , Glassell School	-	Oct. 11, 2018
██████ ████████	Membership Manager	-	Oct. 11, 2018
██████ ████████	Guest Services Manager	-	Oct. 11, 2018
██████ █████	Manager	-	Sept. 7, 2018
█████ ██ █████	Controller	$189,035	Dec. 18, 2019
...and seven more key personnel

Peer art museums

	Name	Type	Revenue	Location
1	Brooklyn Museum	501(c)(3)	$43 million	Brooklyn, NY
2	Asian Art Museum Foundation of San Francisco	501(c)(3)	$49 million	San Francisco, CA
3	Minneapolis Institute of Art	501(c)(3)	$45 million	Minneapolis, MN
4	Museum of Modern Art	501(c)(3)	$283 million	New York, NY
5	Museum of Fine Arts	501(c)(3)	$133 million	Boston, MA
6	Winterthur Museum Garden and Library	501(c)(3)	$42 million	Winterthur, DE
7	Philadelphia Museum of Art	501(c)(3)	$73 million	Philadelphia, PA
8	Armand Hammer Museum of ART AND CULTURAL Center	501(c)(3)	$51 million	Los Angeles, CA
9	Newfields	501(c)(3)	$42 million	Indianapolis, IN
10	Cleveland Museum of Art (CMA)	501(c)(3)	$63 million	Cleveland, OH
11	Norton Museum of Art	501(c)(3)	$53 million	West Palm Beach, FL
12	Whitney Museum of American Art	501(c)(3)	$85 million	New York, NY
13	San Francisco Museum of Modern Art	501(c)(3)	$88 million	San Francisco, CA
14	Solomon R. Guggenheim Foundation (SRGF)	501(c)(3)	$77 million	New York, NY
15	Metropolitan Museum of Art	501(c)(3)	$574 million	New York, NY
16	Seattle Art Museum	501(c)(3)	$55 million	Seattle, WA
17	Denver Art Museum	501(c)(3)	$73 million	Denver, CO
18	Crystal Bridges Museum of American Art	501(c)(3)	$237 million	Bentonville, AR
19	Fine Arts Museums of San Francisco	501(c)(3)	$50 million	San Francisco, CA
20	Peabody Essex Museum	501(c)(3)	$51 million	Salem, MA
21	National Gallery of Art (NGA)	501(c)(3)	$277 million	Washington, DC
22	The Detroit Institute of Arts	501(c)(3)	$64 million	Detroit, MI
23	Los Angeles County Museum of Art (LACMA)	501(c)(3)	$129 million	Los Angeles, CA
24	Carnegie Museums of Pittsburgh	501(c)(3)	$90 million	Pittsburgh, PA
25	American Museum of Natural History	501(c)(3)	$205 million	New York, NY

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Cause IQ organization profile

The Museum of Fine Arts Houston

Program areas at The Museum of Fine Arts Houston

Form 990s for The Museum of Fine Arts Houston

Financials for The Museum of Fine Arts Houston

Vendors for The Museum of Fine Arts Houston

Personnel at The Museum of Fine Arts Houston

Peer art museums

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