Museum Of Fine Arts

Museum Of Fine Arts Overview

Museum Of Fine Arts is located in Boston, MA. The organization was established in 1965. 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 06/2020, Museum Of Fine Arts employed 960 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Museum Of Fine Arts generated $175.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $122.4m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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 2020, THE MUSEUM PRESENTED OVER 20 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: ANCIENT NUBIA NOW; LUCIAN FREUD: SELF-PORTRAITS; REIMAGINING HOME PHOTOGRAPHS BY BAHMAN JALALI AND GOHAR SASHTI; VIEWPOINTS PHOTOGRAPHS FROM THE HOWARD GREENBERG COLLECTION; KAY NIELSEN'S ENCHANTED VISION THE KENDRA AND ALLAN DANIEL COLLECTION; MARK BELIEVE; HYMAN BLOOM: MATTERS OF LIFE AND DEATH; MURAL: JACKSON POLLOCK/KATHARINA GROSSE; COMMUNITY ARTS INITIATIVE: MINDFUL MANDALAS; COLLECTING STORIES: A MID-CENTURY EXPERIMENT; ETC.


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 SOLD.


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Museum Of Fine Arts Vendors

Vendor Name (Service)Compensation
Consigli Construction Co Inc
Construction
$13,379,844
Restaurant Associates
Food Services
$2,018,669
Lee Kennedy Co Inc
Construction
$1,620,612
Us Art Company
Art Shipping And Storage
$1,530,880
Connelly Partners Llc
Media/marketing
$1,404,331
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$7,402,627
Fundraising events$0
Related organizations$0
Government grants $60,000
All other contributions, gifts, grants, and similar amounts not included above$132,494,286
Noncash contributions included in lines 1a–1f $10,931,490
Total Revenue from Contributions, Gifts, Grants & Similar$139,956,913
Total Program Service Revenue$7,804,365
Investment income $4,458,837
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,280,961
Net Gain/Loss on Asset Sales $8,459,044
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,372,112
Miscellaneous Revenue$0
Total Revenue $175,070,799

Museum Of Fine Arts Grants Recieved

Over the last fiscal year, we have identified 68 grants that Museum Of Fine Arts has recieved totaling $4,011,994.

Awarding OrganizationAmount
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: RELIGION & CULTURAL INST INITIATIVE

$2,500,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$350,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$350,000
Ohrn Family Charitable Foundation

Waban, MA

PURPOSE: GENERAL

$100,000
Tan Family Education Foundation

Lincoln, MA

PURPOSE: EDUCATION

$100,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$70,543
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$633,904,445
Earnings-$12,460,134
Admin Expense$5,862,703
Net Contributions$13,135,921
Other Expense$11,942,881
Ending Balance$616,774,648

Museum Of Fine Arts Peer Organizations

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