Brooklyn Institute Of Arts And Sciences

Brooklyn Institute Of Arts And Sciences Overview

Brooklyn Institute Of Arts And Sciences, operating under the name Brooklyn Museum, is located in Brooklyn, NY. The organization was established in 1935. 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, Brooklyn Museum employed 574 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, Brooklyn Museum generated $40.6m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $46.3m 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

THE MISSION OF THE BROOKLYN MUSEUM IS TO CREATE INSPIRING ENCOUNTERS WITH ART THAT EXPAND THE WAYS WE SEE OURSELVES, THE WORLD AND ITS POSSIBILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CURATORIAL AND EDUCATIONAL CURATORIAL - THE BROOKLYN MUSEUM STUDIES, PRESERVES AND EXHIBITS A VAST AND COMPREHENSIVE COLLECTION THAT SPANS NEARLY 5,000 YEARS OF HISTORY AND REPRESENTS CULTURES FROM AROUND THE GLOBE. PERMANENT INSTALLATIONS PRESENT THE MUSEUM'S COLLECTIONS OF ARTS OF THE AMERICAS AND EUROPE; ARTS OF ANCIENT EGYPT, AFRICA, ASIA, AND THE MIDDLE EAST; CONTEMPORARY, AND FEMINIST ART. SEVERAL OF THE MUSEUM'S COLLECTIONS ARE CONSIDERED TO BE AMONG THE HIGHEST QUALITY IN THE WORLD, INCLUDING ITS AMERICAN AND EGYPTIAN ART COLLECTIONS. (CONTINUED IN SCHEDULE O)


SPECIAL EXHIBITIONS BROOKLYN MUSEUM PIONEERS THE PRESENTATION AND INTERPRETATION OF THE VISUAL AND ARTISTIC HERITAGE OF WORLD CULTURES. A WELL-ROUNDED SELECTION OF EXHIBITIONS REINFORCES THE MUSEUM'S LEADERSHIP IN ARTS SCHOLARSHIP. IN FY20, 8 SPECIAL EXHIBITIONS AND INSTALLATIONS DEVELOPED AND EXTENDED THE CULTURAL AND ART HISTORICAL THEMES OF THE MUSEUM'S COLLECTION. THESE EXHIBITIONS ATTRACTED ROBUST PUBLIC ATTENTION AND ENGAGED AUDIENCES OF ALL BACKGROUNDS AND AGES IN THE VISUAL ARTS.


PUBLIC AFFAIRS AND INFORMATION IN FY20, OVER 371,777 VISITORS EXPLORED OUR EXTRAORDINARY PERMANENT COLLECTIONS, ATTENDED SPECIAL EXHIBITIONS AND PARTICIPATED IN OUR PUBLIC PROGRAMS.


MERCHANDISE OPERATIONS


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Brooklyn Institute Of Arts And Sciences Board, Officers & Key Employees

Brooklyn Institute Of Arts And Sciences Vendors

Vendor Name (Service)Compensation
Mae Daniller Company
Fundraising
$277,737
Eventlights
Tech/event Lighting
$245,690
Great Performances
Catering Services
$244,649
Susan Courtemanche
Fundraising
$143,899
Outfront Media Llc
Tech/event Sound
$174,130
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,589,752
Fundraising events$0
Related organizations$0
Government grants $9,214,703
All other contributions, gifts, grants, and similar amounts not included above$15,549,890
Noncash contributions included in lines 1a–1f $2,090,285
Total Revenue from Contributions, Gifts, Grants & Similar$26,354,345
Total Program Service Revenue$4,447,253
Investment income $1,861,344
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,266,333
Net Gain/Loss on Asset Sales $5,962,414
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $246,987
Miscellaneous Revenue$0
Total Revenue $40,602,578

Brooklyn Institute Of Arts And Sciences Grants Recieved

Over the last fiscal year, we have identified 9 grants that Brooklyn Institute Of Arts And Sciences has recieved totaling $653,377.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$250,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$250,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$51,677
William & Mary Greve Foundation Inc

New York, NY

PURPOSE: FOR GENERAL OPERATING SUPPORT OF THE BROOKLYN MUSEUM.

$25,000
Hayden Family Foundation

New York, NY

PURPOSE: GENERAL PURPOSE OF ORGANIZATION

$25,000
Hayden Family Foundation

New York, NY

PURPOSE: GENERAL PURPOSE OF ORGANIZATION

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$110,377,143
Earnings-$498,343
Net Contributions$5,540,415
Other Expense$8,733,682
Ending Balance$106,685,533

Brooklyn Institute Of Arts And Sciences Peer Organizations

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