The Metropolitan Museum Of Art

Organization Overview

The Metropolitan Museum Of Art is located in New York, NY. The organization was established in 1994. 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 06/2022, Metropolitan Museum Of Art employed 2,079 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan 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 06/2022, Metropolitan Museum Of Art generated $653.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $418.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES. PLEASE SEE SCHEDULE O FOR MORE DETAILS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS, CONSERVATION, CATALOGUING, AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $2,561,795) - SEE SCHEDULE O FOR MORE INFORMATION


ACQUISITIONS AND SALES OF ART - SEE SCHEDULE O FOR MORE INFORMATION


EDUCATION PROGRAMS AND MUSEUM LIBRARIES - SEE SCHEDULE O FOR MORE INFORMATION


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Skanska Usa Building Inc
Construction Manager
$26,866,765
Beyer Blinder Belle Architects
Architecture Service
$4,347,191
Shawmut Design And Construction
Construction Manager
$2,373,182
Seibold Security Inc
Security Systems
$1,278,599
Atrium Staffing Llc
Temporary Staffing
$1,271,691
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$26,169,520
Fundraising events$41,560,706
Related organizations$0
Government grants $21,060,909
All other contributions, gifts, grants, and similar amounts not included above$218,749,787
Noncash contributions included in lines 1a–1f $11,629,887
Total Revenue from Contributions, Gifts, Grants & Similar$307,540,922
Total Program Service Revenue$11,654,821
Investment income $54,477,434
Tax Exempt Bond Proceeds $0
Royalties $14,790
Net Rental Income $0
Net Gain/Loss on Asset Sales $242,117,830
Net Income from Fundraising Events -$10,358,291
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$367,469
Miscellaneous Revenue$0
Total Revenue $653,501,924

Grants Recieved

Over the last fiscal year, we have identified 29 grants that The Metropolitan Museum Of Art has recieved totaling $574,440.

Awarding OrganizationAmount
Gray Foundation

Cohoes, NY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

$200,000
William And Lynda Steere Foundation

Westport, CT

PURPOSE: BUDGET

$150,000
Kaplen Brothers Fund Inc

New York, NY

PURPOSE: FOR METLIVEARTS

$50,000
Epstein Philanthropies

New York, NY

PURPOSE: GENERAL PURPOSES

$50,000
Favrot Fund

Houston, TX

PURPOSE: THE MUSEUM COLLECTS, CONSERVES, AND EXHIBITS THE VISUAL ARTS, SUPPORTS RESEARCH, AND PROMOTES EDUCATION IN VISUAL CULTURES AROUND THE GLOBE AND ACROSS HISTORY. THE PURPOSE OF THE GRANT IS TWOFOLD: (1) $30,000 TO SUPPORT THE METS ACCESS PROGRAMS FOR VISITORS WITH DISABILITIES; AND (2) $15,000 FOR EDUCATIONAL PROGRAMMING IN CONJUNCTION WITH THE LIVES OF THE GODS: DIVINITY IN MAYA ART (NOVEMBER, 2022).

$45,000
Hohmann Foundation

New York, NY

PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANZIATION'S EXEMPT PURPOSE

$12,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,348,589,376
Earnings-$174,720,844
Admin Expense$5,819,384
Net Contributions$34,311,991
Other Expense$131,177,365
Grants$3,368,476
Ending Balance$4,067,815,298

Peer Organizations

Organization NameAssets
The Metropolitan Museum Of Art
New York, NY
$653,501,924
Museum Of Modern Art
New York, NY
$251,623,479
Museum Of Fine Arts
Boston, MA
$175,070,799
Whitney Museum Of American Art
New York, NY
$113,143,000
Philadelphia Museum Of Art
Philadelphia, PA
$116,812,968
Solomon R Guggenheim Foundation
New York, NY
$73,166,662
Brooklyn Institute Of Arts And Sciences
Brooklyn, NY
$82,546,120
Sterling & Francine Clark Art Inst
Williamstown, MA
$8,296,004
Frick Collection
New York, NY
$37,986,909
Barnes Foundation
Philadelphia, PA
$21,249,120
Isabella Stewart Gardner Museum Inc
Boston, MA
$30,352,820
Buffalo Fine Arts Academy
Buffalo, NY
$30,844,940

Create an account to unlock the data you need.

or