Museum Of Modern Art

Museum Of Modern Art Overview

Museum Of Modern Art is located in New York, NY. The organization was established in 1952. 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, Museum Of Modern Art employed 1,365 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, Museum Of Modern Art generated $262.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $270.7m 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 MUSEUM OF MODERN ART ESTABLISHES, PRESERVES, AND DOCUMENTS A (CONTINUED IN SCHEDULE O) PERMANENT COLLECTION OF MODERN AND CONTEMPORARY ART, PRESENTS EXHIBITIONS AND EDUCATIONAL PROGRAMS, SUSTAINS A LIBRARY, ARCHIVES, AND CONSERVATION LABORATORY AND SUPPORTS SCHOLARSHIP AND PUBLICATIONS. THE FORM 990 IS ONE OF SEVERAL REPORTS THE MUSEUM MAKES AVAILABLE EACH YEAR. THE MUSEUM ENCOURAGES IT TO BE READ WITH THE AUDITED FINANCIAL STATEMENTS, WHICH PROVIDE ADDITIONAL FINANCIAL CONTEXT. THESE DOCUMENTS AS WELL AS PREVIOUS YEARS REPORTS CAN BE FOUND ON MOMA.ORG. AS CAN BE SEEN IN THE AUDITED FINANCIAL STATEMENTS, OPERATING EXPENSES OF $230.4 MILLION EXCEEDED OPERATING REVENUES OF $226.0 MILLION BY $4.4 MILLION.IN FY 2020, THE MUSEUM FINISHED WITH AN OPERATING DEFICIT, WHILE AT THE SAME TIME RE-ALIGNING ITS COST STRUCTURE TO ENSURE LONG TERM FISCAL SUSTAINABILITY CONCURRENT WITH A MACRO-ECONOMIC BUSINESS RECOVERY FROM THE PANDEMIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUSEUM OPERATIONS - CURATORIAL AND CURATORIAL SUPPORT DEPARTMENTS INCLUDE CONSERVATION, EDUCATION, EXHIBITIONS, CREATIVE, PUBLICATIONS, LIBRARY AND ARCHIVES. THE MUSEUM WAS FOUNDED IN 1929 AS AN EDUCATIONAL INSTITUTION AND MAINTAINS A VAST BREADTH OF EDUCATIONAL PROGRAMMING, WHICH INCREASED IN THE YEARS AFTER THE OPENING OF THE RENOVATED AND EXPANDED MAIN FACILITY IN 2004. IN FY 2020, THROUGH DIVERSE EDUCATION PROGRAMS, APPROXIMATELY 1.3 MILLION ONSITE VISITORS TO MOMA HAD ACCESS TO OR PARTICIPATED IN INTERPRETATIVE PROGRAMS TO SUPPORT THEIR LEARNING IN THE GALLERIES INCLUDING LABELS, AUDIO CONTENT (OFFERED IN NINE LANGUAGES), GALLERY TOURS, INTERACTIVE SPACES, WORKSHOPS, VISUAL DESCRIPTION TOURS FOR THE BLIND AND PARTIALLY SIGHTED, AND RESOURCES FOR OTHER INDIVIDUALS WITH SPECIAL NEEDS. CONTINUED IN SCHEDULE O.


IN FY 2020, OVER 1,200 WORKS WERE ADDED TO THIS COLLECTION, BOTH BY DONATION AND BY PURCHASE.


SECURITY, OPERATIONS, AND MAINTENANCE OF EXHIBITION GALLERIES AND ART COLLECTION.


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Museum Of Modern Art Vendors

Vendor Name (Service)Compensation
Collins Building Services Inc
Janitorial Cleaning
$3,667,733
Mindshare Usa Llc
Advertising
$2,779,502
Universal Protection Service Lp
Security
$1,076,501
Imerex Inc
Advertising
$1,007,108
Masterpiece International Ltd
Art Transport
$862,341
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,129,826
Fundraising events$6,697,328
Related organizations$0
Government grants $49,965
All other contributions, gifts, grants, and similar amounts not included above$158,903,952
Noncash contributions included in lines 1a–1f $25,017,357
Total Revenue from Contributions, Gifts, Grants & Similar$166,781,071
Total Program Service Revenue$14,199,882
Investment income $16,667,961
Tax Exempt Bond Proceeds $0
Royalties $31,300
Net Rental Income $608,642
Net Gain/Loss on Asset Sales $36,354,728
Net Income from Fundraising Events -$80,587
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $24,665,469
Miscellaneous Revenue$0
Total Revenue $262,144,582

Museum Of Modern Art Grants Recieved

Over the last fiscal year, we have identified 80 grants that Museum Of Modern Art has recieved totaling $4,535,244.

Awarding OrganizationAmount
Jewish Communal Fund

New York, NY

PURPOSE: General support

$2,268,555
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$500,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$500,000
Fink Family Foundation

Saratoga Springs, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$225,000
Isambard Kingdom Brunel Society Of Of North America

New York, NY

PURPOSE: GENERAL FINANCIAL SUPPORT

$200,000
Alice N Osborn Trust Uw 9-15c

Wilmington, DE

PURPOSE: GENERAL OPERATING

$132,088
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,198,064,000
Earnings$15,568,915
Net Contributions$131,036,416
Other Expense$453,623,543
Ending Balance$891,045,788

Museum Of Modern Art Peer Organizations

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