Isabella Stewart Gardner Museum Inc is located in Boston, MA. The organization was established in 1937. 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, Isabella Stewart Gardner Museum Inc employed 253 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, Isabella Stewart Gardner Museum Inc generated $28.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $23.4m during the year ending 06/2020. While expenses have increased by 0.1% per year over the past 5 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.
Form
990
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
COLLECTION AND CONSERVATION - DISTINGUISHED AMONG OTHER GREAT MUSEUMS FOR ITS INSTALLATION, THE GARDNER MUSEUM CAN BE REGARDED AS A WORK OF ART IN TOTALITY, AS WELL AS A COLLECTION OF APPROXIMATELY 20,000 OBJECTS, INCLUDING ARCHIVAL ITEMS, SPANNING 30 CENTURIES. ISABELLA STEWART GARDNER BEQUEATHED THIS REMARKABLE COLLECTION AND HISTORIC BUILDING AS A RESOURCE "FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC FOREVER." ON CONTINUAL DISPLAY, THE ONGOING CONSERVATION OF THE COLLECTION EMPLOYS CUTTING EDGE SCIENTIFIC METHODS AND NEW PRACTICES TO PRESERVE, PROTECT, AND SAFEGUARD THESE WORKS FOR POSTERITY. SPECIAL EXHIBITIONS, PUBLICATIONS, AND PRESENTATIONS EXAMINE THE MUSEUM'S PERMANENT COLLECTION AND ITS CONTEXT IN GARDNER'S TIME IN ORDER TO ENCOURAGE NEW WAYS OF THINKING ABOUT ART AND CULTURE.
MUSIC - MUSIC WAS A CENTRAL PART OF ISABELLA STEWART GARDNER'S ARTISTIC CREDO, AND INTEGRAL TO HER VISION OF THE MUSIC FROM THE DAY IT OPENED IN 1903 WITH A CONCERT BY THE BOSTON SYMPHONY ORCHESTRA. HER VISIONARY MUSICAL LEGACY CONTINUES WITH THE COUNTRY'S OLDEST MUSEUM-BASED CONCERT SERIES, WHICH FEATURES WORLD-RENOWNED MUSICIANS AND OUTSTANDING, EMERGING ARTISTS. THE MUSEUM'S SUNDAY CONCERT SERIES PRESENTS APPROXIMATELY 35 CONCERTS ANNUALLY, EMBRACING OLD MUSIC, CLASSIC REPERTOIRE, AND WORLD PREMIERES. PERFORMERS INCLUDE RENOWNED ENSEMBLES AND INSTRUMENTAL AND VOCAL SOLOISTS FROM BOSTON AND AROUND THE GLOBE. OTHER SERIES FEATURE EXCITING MIXES OF CONTEMPORARY MUSIC, HIP HOP AND PERFORMANCE ART.
EDUCATION AND PUBLIC PROGRAMS - THE GARDNER'S EDUCATION DEPARTMENT IS KNOWN FOR A COMMITMENT TO EXCELLENCE IN TEACHING AT ALL LEVELS, FROM CHILDREN TO ADULTS. IN ADDITION TO HIGH-QUALITY PROFESSIONAL DEVELOPMENT FOR TEACHERS AND DOCENTS, THE MUSEUM CONDUCTS THOUGHTFUL RESEARCH THAT BRINGS NEW KNOWLEDGE TO THE MUSEUM EDUCATION FIELD. THE MUSEUM'S EDUCATION INITIATIVES HAVE REGULARLY ATTRACTED NATIONAL ATTENTION. A SUCCESSFUL EVENING PROGRAM FOR YOUNG ADULTS HAS BECOME A MODEL FOR MUSEUMS AROUND THE COUNTRY IN ENGAGING YOUNG AUDIENCES. THINKING THROUGH ART K-12 PROGRAM, KNOWN FOR ITS EXEMPLARY MULTIPLE VISIT APPROACH, HAS PRODUCED RESEARCH ON HOW STUDENTS LEARN THROUGH IN-DEPTH EXPERIENCES WITH ART. A THREE-YEAR RESEARCH PROJECT, CONDUCTED BY EDUCATION STAFF, AND FUNDED BY THE U.S. DEPARTMENT OF EDUCATION, FURTHER DEMONSTRATED HOW ART DISCUSSION HELPED BOSTON STUDENTS DEVELOP SIGNIFICANTLY MORE CRITICAL THINKING SKILLS THAN STUDENTS IN CONTROL SCHOOLS WITHOUT THE PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peggy Fogelman Norma Jean Calderwood Director | OfficerTrustee | 40 | $469,654 |
Lauren Budding Thru 220 Chief External Engagement Officer | 40 | $219,665 | |
Clifford Rust Chief Finan. & Admin. Officer | Officer | 40 | $199,607 |
George Steel Abrams Curator Of Music | 40 | $185,467 | |
Kimberly Thompson Panay Director Of Marketing (thru 2/20) | 40 | $156,510 | |
Anthony Amore Director Of Security | 40 | $149,501 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Acranom Masonry Inc Masonry Contractor | 6/29/20 | $318,747 |
Cambridge Associates Llc Investment Management | 6/29/20 | $206,559 |
Prelle Inc Interior Design | 6/29/20 | $168,249 |
Gilbert & Becker Co Inc Roofing Contractor | 6/29/20 | $157,500 |
Tessitura Network Inc Enterprise System | 6/29/20 | $238,309 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $686,358 |
Fundraising events | $1,517,571 |
Related organizations | $0 |
Government grants | $1,718,000 |
All other contributions, gifts, grants, and similar amounts not included above | $19,016,640 |
Noncash contributions included in lines 1a–1f | $1,953,453 |
Total Revenue from Contributions, Gifts, Grants & Similar | $22,938,569 |
Total Program Service Revenue | $2,225,271 |
Investment income | $1,618,493 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $224,402 |
Net Gain/Loss on Asset Sales | $660,177 |
Net Income from Fundraising Events | -$28,740 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $531,541 |
Miscellaneous Revenue | $0 |
Total Revenue | $28,169,713 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,194,748 |
Compensation of current officers, directors, key employees. | $794,441 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,435,678 |
Pension plan accruals and contributions | $229,361 |
Other employee benefits | $784,374 |
Payroll taxes | $599,653 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,500 |
Fees for services: Accounting | $69,391 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $275,473 |
Fees for services: Other | $2,073,479 |
Advertising and promotion | $267,841 |
Office expenses | $0 |
Information technology | $11,526 |
Royalties | $35,549 |
Occupancy | $926,005 |
Travel | $210,584 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $367,136 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,609,509 |
Insurance | $269,941 |
All other expenses | $990,349 |
Total functional expenses | $23,421,490 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,859,170 |
Savings and temporary cash investments | $4,980,696 |
Pledges and grants receivable | $5,449,932 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $386,091 |
Prepaid expenses and deferred charges | $326,033 |
Net Land, buildings, and equipment | $83,061,466 |
Investments—publicly traded securities | $20,374,101 |
Investments—other securities | $167,405,169 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,694,567 |
Total assets | $300,537,225 |
Accounts payable and accrued expenses | $977,587 |
Grants payable | $0 |
Deferred revenue | $487,809 |
Tax-exempt bond liabilities | $22,802,297 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $24,267,693 |
Net assets without donor restrictions | $71,484,387 |
Net assets with donor restrictions | $204,785,145 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $300,537,225 |
Over the last fiscal year, we have identified 17 grants that Isabella Stewart Gardner Museum Inc has recieved totaling $657,635.
Awarding Organization | Amount |
---|---|
Angel Foundation New York, NY PURPOSE: OPERATIONAL | $370,000 |
Downs Foundation North Palm Beach, FL PURPOSE: GENERAL SUPPORT | $200,000 |
Wallace Minot Leonard Foundation Boston, MA PURPOSE: GENERAL | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,600 |
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $6,000 |
Lenoir Charitable Tr Manchester, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Beg. Balance | $171,931,618 |
Earnings | $1,178,789 |
Net Contributions | $6,834,031 |
Other Expense | $8,336,072 |
Ending Balance | $171,608,366 |
Organization Name | Assets | Revenue |
---|---|---|
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $323,254,347 | $40,602,578 |
Frick Collection New York, NY | $460,985,969 | $72,415,948 |
Sterling & Francine Clark Art Inst Williamstown, MA | $592,810,685 | $26,673,561 |
Isabella Stewart Gardner Museum Inc Boston, MA | $300,537,225 | $28,169,713 |
International Center Of Photography New York, NY | $78,791,074 | $13,311,038 |
Institute Of Contemporary Art Boston, MA | $109,903,281 | $18,722,449 |
New Museum Of Contemporary Art New York, NY | $102,984,339 | $11,726,489 |
Neue Galerie New York New York, NY | $118,307,844 | $15,173,004 |
Museum Of Arts And Design New York, NY | $94,967,672 | $22,570,509 |
Buffalo Fine Arts Academy Buffalo, NY | $232,992,585 | $16,708,425 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $140,037,396 | $8,805,687 |
Currier Museum Of Art Manchester, NH | $89,065,408 | $8,793,024 |