Portland Museum Of Art

Organization Overview

Portland Museum Of Art is located in Portland, ME. The organization was established in 1983. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2022, Portland Museum Of Art employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Museum Of Art is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 01/2021, Portland Museum Of Art generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $8.0m during the year ending 01/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MUSEUM/EDUCATIONAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL PROGRAMS: CREATE OUTSTANDING EDUCATIONAL PROGRAMS AND COLLECTION-BASED ACTIVITIES TO INSPIRE AND ENRICH THE LIVES OF DIVERSE AUDIENCES AND SERVE AS A VITAL CULTURAL CENTER FOR THE CITY AND REGION (35,005 PARTICIPANTS IN 2021).


EXHIBITIONS AND COLLECTIONS: ORIGINATE OUTSTANDING EXHIBITIONS FROM PMA'S PERMANENT COLLECTION AND THROUGH BORROWED WORKS OF ART. PRESENT TRAVELING EXHIBITIONS THAT SUPPORT AND EXTEND PMA'S MISSION. PRESERVE, DOCUMENT, AND INTERPRET OVER 18,000 OBJECTS IN THE COLLECTION AND FIVE ARCHITECTURAL LANDMARKS (93,087 VISITORS IN 2021).


COLLECTION ITEMS PURCHASED: 29 WORKS OF ART WERE PURCHASED FOR PMA'S COLLECTION IN 2021, PROVIDING NEW OPPORTUNITIES FOR VISITORS AND THE COMMUNITY TO EXPERIENCE ORIGINAL WORK.


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Board, Officers & Key Employees

Name (title)Compensation
Mark H C Bessire
Director
$406,432
Elena Henry
Deputy Director & CFO
$215,187
Elizabeth F Jones
Senior Deputy Director
$200,640
Shalini Le Gall
Chief Curator
$106,731
Cyrus Y Hagge
President
$0
Eileen T Gillespie
Vice President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mccloskey Mina Cunniff & Frawley Llc
Legal Services
$369,782
Bernstein Shur
Legal Services
$130,415
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$11,194,861
Investment income $323,641
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,660,073
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$150,730
Miscellaneous Revenue$0
Total Revenue $10,432,428

Grants Awarded

Over the last fiscal year, Portland Museum Of Art has awarded $200,000 in support to 2 organizations.

Grant RecipientAmount

AMON CARTER MUSEUM OF AMERICAN ART

Org PageRecipient Profile

Fort Worth, TX

PURPOSE: Distribution of exhibition implementation grant from the National Endowment for the Humanities' Public Programs Division for shared costs of the co-organized travelling exhibition Mythmakers: The Art of Winslow Homer and Frederic Remington

$100,000

DENVER ART MUSEUM

Org PageRecipient Profile

Denver, CO

PURPOSE: Distribution of exhibition implementation grant from the National Endowment for the Humanities' Public Programs Division for shared costs of the co-organized travelling exhibition Mythmakers: The Art of Winslow Homer and Frederic Remington

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Portland Museum Of Art has recieved totaling $1,615.

Awarding OrganizationAmount
Mr & Mrs Jack K Holland Family Foundation

Atlanta, GA

PURPOSE: CHARITABLE

$1,500
The Murray Charitable Trust

Portland, ME

PURPOSE: GENERAL SUPPORT

$115
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$46,127,688
Earnings$2,185,548
Net Contributions$4,582,167
Other Expense$2,622,527
Ending Balance$50,272,876

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