Brooklyn Institute Of Arts And Sciences

Organization 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 06/2021, Brooklyn Museum employed 487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Museum 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 06/2021, Brooklyn Museum generated $82.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $44.3m during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE CREATE ENCOUNTERS WITH ART THAT EXPAND OUR VIEWS OF THE WORLD & ITS POSSIBILITIES.

Describe the Organization's Program Activity:

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)TRAVELING EXHIBITIONS PROVIDE UNIQUE OPPORTUNITIES FOR AUDIENCES FROM ACROSS THE GLOBE TO EXPERIENCE WORKS FROM THE MUSEUM'S RENOWNED COLLECTION. IN FY21, 2 TRAVELING EXHIBITIONS WERE DRAWN FROM THE COLLECTION FOR PRESENTATION. EDUCATION - INNOVATIVE EDUCATION AND PUBLIC PROGRAMS SERVED APPROXIMATELY 110,921 K-12 STUDENTS, TEACHERS, FAMILIES AND ADULTS THIS YEAR. THROUGH EXPLORING THE COLLECTION AND SPECIAL EXHIBITIONS AND THROUGH HANDS-ON ART-MAKING, THESE PROGRAMS STRENGTHEN CLASSROOM LEARNING AND PROMOTE LIFE LONG CONNECTIONS TO THE VISUAL ARTS. NATIONALLY-RECOGNIZED PROGRAMS SUCH AS FIRST SATURDAYS HAVE HELPED BUILD ONE OF THE MOST DIVERSE AUDIENCES OF ANY MUSEUM IN THE NATION. EDUCATION PROGRAMS ARE CENTRAL TO THE MUSEUM'S MISSION OF FOCUSING AND ENRICHING THE EXPERIENCES OF OUR VISITORS.


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 FY21, 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 FY21, OVER 231,442 VISITORS EXPLORED OUR EXTRAORDINARY PERMANENT COLLECTIONS, ATTENDED SPECIAL EXHIBITIONS AND PARTICIPATED IN OUR PUBLIC PROGRAMS.


MERCHANDISE OPERATIONS THE BROOKLYN MUSEUM SHOP EXTENDS OUR VISITORS' EXPERIENCE. OUR INVENTORY IS COMPRISED OF EXHIBITION-RELATED ITEMS, CATALOGUES AND OTHER PUBLICATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nouveau Elevator Industries
Elevator Maintenance
$464,047
Mae Daniller & Company
Fundraising
$426,540
Arthur J Gallagher
Management Services
$285,999
Small Corporation
Framing & Carpentry
$334,968
Great Performance
Catering Services
$619,555
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,291,636
Fundraising events$1,447,038
Related organizations$0
Government grants $7,262,301
All other contributions, gifts, grants, and similar amounts not included above$21,404,978
Noncash contributions included in lines 1a–1f $1,592,795
Total Revenue from Contributions, Gifts, Grants & Similar$32,405,953
Total Program Service Revenue$4,265,825
Investment income $1,586,218
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $322,665
Net Gain/Loss on Asset Sales $39,341,319
Net Income from Fundraising Events -$25,808
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,626,286
Miscellaneous Revenue$0
Total Revenue $82,546,120

Grants Recieved

Over the last fiscal year, we have identified 21 grants that Brooklyn Institute Of Arts And Sciences has recieved totaling $2,479,190.

Awarding OrganizationAmount
Sills Family Foundation

Richmond, VT

PURPOSE: CHARITABLE GIVING

$500,000
Ford Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$500,000
Ford Foundation

New York, NY

PURPOSE: CORE SUPPORT FOR JAMES BALDWIN CATALOGUE AND ACCOMPANYING CONFERENCE

$310,000
The Laurie M Tisch Foundation Inc

New York, NY

PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES.

$250,000
Hayden Family Foundation

New York, NY

PURPOSE: GENERAL PURPOSE OF ORGANIZATION

$245,050
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$239,225
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$106,685,533
Earnings$30,193,023
Net Contributions$45,272,788
Other Expense$813,405
Ending Balance$181,337,939

Peer Organizations

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