Pierpont Morgan Library

Organization Overview

Pierpont Morgan Library, operating under the name The Morgan Library & Museum, is located in New York, NY. The organization was established in 1925. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 03/2022, Morgan Library & Museum employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan Library & 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 03/2022, Morgan Library & Museum generated $59.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $26.1m during the year ending 03/2022. While expenses have increased by 0.9% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

MUSEUM AND INDEPENDENT RESEARCH LIBRARY (SEE SCHEDULE O)HOME TO ONE OF THE WORLD'S FOREMOST COLLECTIONS OF MANUSCRIPTS, RARE BOOKS, MUSIC, DRAWINGS, AND ANCIENT AND OTHER WORKS OF ART, THE MORGAN LIBRARY & MUSEUM OFFERS VISITORS A STIMULATING RANGE OF EXHIBITIONS AND PUBLIC PROGRAMS WHILE PROVIDING RESEARCHERS WITH ACCESS TO ITS COLLECTION, BOTH ON SITE AND ELECTRONICALLY.

Describe the Organization's Program Activity:

CURATORIAL: THE MORGAN LIBRARY & MUSEUM ("THE MORGAN") OCCUPIES A MIDTOWN MANHATTAN CAMPUS COMPRISED OF THREE LANDMARKED BUILDINGS THAT ARE JOINED BY PAVILIONS CONSTRUCTED OF STEEL-AND-GLASS PANELS DESIGNED BY RENOWNED ARCHITECT RENZO PIANO. THE MORGAN HOUSES ONE OF THE WORLD'S GREATEST COLLECTIONS OF ARTISTIC, LITERARY, MUSICAL, AND HISTORICAL WORKS. INCLUDED IN ITS HOLDINGS ARE ORIGINAL SCORES OF MOZART AND BEETHOVEN, DRAWINGS BY REMBRANDT AND RUBENS, MEDIEVAL AND RENAISSANCE WORKS, THREE GUTENBERG BIBLES, LITERARY MANUSCRIPTS BY DICKENS AND TWAIN, AND FIVE-THOUSAND-YEAR-OLD CARVINGS FROM THE COUNTRIES OF ANCIENT WESTERN ASIA. THE MORGAN RECORDED 140,093 VISITORS OVER THE FISCAL YEAR, PRIMARILY FOR A WIDE VARIETY OF CHANGING EXHIBITIONS (CONTINUED ON SCHEDULE O)ENCOMPASSING WORKS FROM THE MORGAN'S PERMANENT COLLECTION AND FROM OTHER MUSEUMS AND LIBRARIES IN THE U.S. AND ABROAD. EXHIBITIONS DURING FISCAL YEAR 2022 INCLUDED "WOODY GUTHRIE: PEOPLE ARE THE SONG," "ONE HUNDRED YEARS OF JAMES JOYCE'S ULYSSES, AND "SHE WHO WROTE: ENHEDUANNA AND WOMEN OF MESOPOTAMIA, CA. 3400-2000 B.C." . THE MORGAN'S CURATORS PLAN THE EXHIBITIONS, OVERSEE THE PERMANENT COLLECTION, PREPARE EXHIBITION AND COLLECTION-RELATED CATALOGS, ORGANIZE SYMPOSIA, HOST GRADUATE SEMINARS, AND PROVIDE RESEARCH AND OTHER SERVICES TO THE SCHOLARLY COMMUNITY.THE EXTRAORDINARY GROUP OF MEDIEVAL AND RENAISSANCE MANUSCRIPTS; PRINTED BOOKS AND BINDINGS; LITERARY, HISTORICAL, AND MUSIC MANUSCRIPTS; DRAWINGS AND PRINTS; AND ANCIENT CYLINDER SEALS THAT J. PIERPONT MORGAN BROUGHT TOGETHER WERE AMONG THE FIRST IMPORTANT COLLECTIONS OF THEIR KIND IN AMERICA AND FORM WHAT IS TODAY THE CORE OF THE MORGAN'S HOLDINGS. (THE COLLECTION NOW INCLUDES PHOTOGRAPHY AND MODERN AND CONTEMPORARY DRAWINGS AS WELL.) IN OVERALL QUALITY AND IMPORTANCE, THESE COLLECTIONS ARE AMONG THE FINEST IN THE WORLD, DISTINGUISHED BY THE HIGH PERCENTAGE OF ITEMS THAT ARE UNIQUE OR EXCEPTIONALLY RARE. ONE OF ONLY A HANDFUL OF AMERICAN INSTITUTIONS DEVOTED TO THESE SPECIALIZED AREAS, THE MORGAN MAINTAINS AN ACTIVE ACQUISITIONS PROGRAM AND NOW HOLDS SEVERAL HUNDRED THOUSAND ITEMS IN ITS COLLECTION. THE MORGAN'S DRAWING INSTITUTE IS DEVOTED TO THE INTERPRETATION, CONSERVATION, AND THEORY OF OLD MASTER AND MODERN DRAWING WITH THE GOAL OF STIMULATING NEW LINES OF INVESTIGATION AND DISCOURSE. THE DRAWING INSTITUTE SUPPORTS RESEARCH THROUGH ANNUAL FELLOWSHIPS; PUBLICATIONS; SMALL, FOCUSED EXHIBITIONS; AND AN ONGOING SERIES OF SYMPOSIA, SEMINARS, AND LECTURES.


LIBRARY AND MUSEUM SERVICES: THE MORGAN LIBRARY & MUSEUM IS ONE OF NINETEEN INDEPENDENT RESEARCH LIBRARIES IN THE UNITED STATES AND, AS SUCH, MAKES ITS COLLECTIONS AVAILABLE TO QUALIFIED RESEARCHERS FOR STUDY ON-SITE IN THE SHERMAN FAIRCHILD READING ROOM AND THE DRAWING STUDY CENTER. AN ONLINE CATALOG OF THE COLLECTIONS IS ACCESSIBLE AT WWW.THEMORGAN.ORG AND ASSISTS RESEARCHERS BOTH ON-AND OFF-SITE. ACTIVE DIGITIZATION AND PUBLICATION PROGRAMS HELP TO EXTEND THE REACH OF THE MORGAN'S SCHOLARLY SERVICES AND SUPPORT STUDY OF THE COLLECTIONS.THE MORGAN HAS HAD PROFESSIONAL PAPER AND BOOK CONSERVATION FACILITIES SINCE THE 1950S, WHEN THEY WERE AMONG THE FIRST SUCH LABS IN THE UNITED STATES. (CONTINUED ON SCHEDULE O)THE MORGAN'S CONSERVATION FACILITIES WERE DRAMATICALLY ENHANCED WITH THE 2002 COMPLETION OF THE THAW CONSERVATION CENTER. THE MORGAN'S CONSERVATORS OVERSEE THE PRESERVATION OF THE COLLECTIONS AND ALSO UNDERTAKE SURVEYS AND TREATMENT PROJECTS OF DISCRETE COLLECTION AREAS. THE COLLECTIONS CONSIST ALMOST ENTIRELY OF WORKS ON PAPER AND RELATED POROUS SUPPORTS (VELLUM, PARCHMENT, PAPYRI), AND THE CONSERVATORS HAVE DEVELOPED SPECIAL EXPERTISE IN THE CONSERVATION, RESTORATION, AND REPAIR OF SUCH OBJECTS. BOTH A WORKING AND TEACHING FACILITY, THE THAW CENTER RECEIVES REQUESTS FOR ASSISTANCE FROM INSTITUTIONS IN THE UNITED STATES AND ABROAD. IT OFFERS FELLOWSHIPS IN CONSERVATION TECHNIQUES AND PRACTICES.


PUBLIC PROGRAMS: IN FISCAL YEAR 2022, 4,718 PEOPLE ATTENDED A RANGE OF VIRTUAL AND IN-PERSON LECTURES, FAMILY PROGRAMS, COLLEGE PROGRAMS, AND WORKSHOPS, MANY BY RENOWNED ARTISTS AND EXPERTS IN THEIR FIELD. THIS ACTIVE PROGRAM OF LECTURES AND GALLERY TALKS FOCUSED ON THE MORGAN'S COLLECTIONS AND EXHIBITIONS. AN ADDITIONAL 6,045 PEOPLE VIEWED WORLD CLASS PERFORMERS IN IN-PERSON AND STREAMING CONCERTS PRESENTED BY THE MORGAN. DOCENTS GAVE VIRTUAL PRESENTATIONS THAT REACHED OVER 2,049 PARTICIPANTS. THE MORGAN'S SCHOOL PROGRAMS SERVED 2,940 K-12 STUDENTS OF DIVERSE COMMUNITIES.


MUSEUM PUBLICATIONS AND RETAIL: THE MORGAN MAINTAINS AN ACTIVE PUBLICATIONS PROGRAM, PRODUCING CATALOGUES RELATED TO ITS EXHIBITIONS AND ITEMS IN ITS PERMANENT COLLECTIONS. THESE CATALOGUES ARE MADE AVAILABLE TO THE PUBLIC, ALONG WITH OTHER EXHIBITION AND COLLECTION-RELATED MERCHANDISE, THROUGH THE MORGAN'S ON-SITE RETAIL SHOP AND THROUGH THE MORGAN'S WEBSITE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sciame Construction Llc
Construction Services
$2,346,315
Allied Security Holdings Llc
Security Officers
$326,275
John O'hara Company Inc
Construction Services
$2,258,851
Masterpiece International Ltd
Fine Art Transporter
$193,121
Laplaca Cohen Advertising Inc
Advertising And Marketing
$406,386
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,011,906
Fundraising events$845,953
Related organizations$0
Government grants $2,158,381
All other contributions, gifts, grants, and similar amounts not included above$8,726,104
Noncash contributions included in lines 1a–1f $1,280,982
Total Revenue from Contributions, Gifts, Grants & Similar$13,742,344
Total Program Service Revenue$2,153,988
Investment income $17,252,450
Tax Exempt Bond Proceeds $0
Royalties $4,250
Net Rental Income $0
Net Gain/Loss on Asset Sales $25,602,364
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $397,724
Miscellaneous Revenue$0
Total Revenue $59,153,120

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Pierpont Morgan Library has recieved totaling $212,669.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$95,550
Berger Collection Education Tr

Denver, CO

PURPOSE: GRANT FOR SUPPORT

$30,000
The Annenberg Foundation

Conshohocken, PA

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$18,900
S & L Marx Foundation Inc

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$12,500
Edward John And Patricia Rosenwald Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$299,100,018
Earnings$8,110,937
Net Contributions$3,003,000
Other Expense$11,074,148
Ending Balance$299,139,807

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