The Metropolitan Museum Of Art

The Metropolitan Museum Of Art 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 06/2020, Metropolitan Museum Of Art employed 2,458 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, Metropolitan Museum Of Art generated $414.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $421.2m 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 METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES; SEE SCHEDULE O FOR MORE DETAILS

Describe the Organization's Program Activity:

Part 3 - Line 4a

CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS OPERATIONS OF BREUER, CONSERVATION, CATALOGUING AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $2,985,305) - 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


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The Metropolitan Museum Of Art Board, Officers & Key Employees

The Metropolitan Museum Of Art Vendors

Vendor Name (Service)Compensation
Skanska Usa Building Inc
Construction Manager
$32,091,264
Masterpiece International
Customs Brokerage
$4,179,699
H L Electric Inc
Construction Manager
$3,706,836
Shawmut Design And Construction
Construction Manager
$3,039,406
Island Acoustics Llc
Construction Manager
$2,830,017
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$22,881,625
Fundraising events$9,774,807
Related organizations$0
Government grants $10,560,621
All other contributions, gifts, grants, and similar amounts not included above$201,824,440
Noncash contributions included in lines 1a–1f $16,209,809
Total Revenue from Contributions, Gifts, Grants & Similar$245,041,493
Total Program Service Revenue$5,071,378
Investment income $39,065,456
Tax Exempt Bond Proceeds $0
Royalties $54,479
Net Rental Income $0
Net Gain/Loss on Asset Sales $99,104,041
Net Income from Fundraising Events -$1,375,162
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$7,824,137
Miscellaneous Revenue$0
Total Revenue $414,668,610

The Metropolitan Museum Of Art Grants Recieved

Over the last fiscal year, we have identified 173 grants that The Metropolitan Museum Of Art has recieved totaling $3,499,227.

Awarding OrganizationAmount
Jewish Communal Fund

New York, NY

PURPOSE: General support

$1,003,020
The Richardson Foundation

Katonah, NY

PURPOSE: GENERAL FUNDING

$235,000
Edward John And Patricia Rosenwald Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$233,830
Winterburn Foundation

New York, NY

PURPOSE: TO SUSTAIN ITS POSITION IN THE WORLD.

$150,000
Winterburn Foundation

New York, NY

PURPOSE: TO SUSTAIN ITS POSITION IN THE WORLD.

$150,000
Francis Nielson Trust B 34985028

Chicago, IL

PURPOSE: GENERAL

$139,086
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,256,389,064
Earnings$123,776,925
Net Contributions$52,194,550
Other Expense$167,220,065
Grants$3,182,733
Ending Balance$3,261,957,741

The Metropolitan Museum Of Art Peer Organizations

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