Crystal Bridges Museum Of American Art Inc
- Assets
- $1.5b
- Revenue
- $117.1m
- Investments
- $644.6m
- Employees
- 446
- Location
- Bentonville, AR
- Founding
- 10/2004
- Data as of
- 12/2019
- EIN
- 20-1359710
Organization Overview
Crystal Bridges Museum Of American Art Inc is located in Bentonville, AR. The organization was established in 2004. 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 12/2019, Crystal Bridges Museum Of American Art Inc employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Crystal Bridges Museum Of American Art Inc generated $117.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $51.6m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM EXPLORES THE UNFOLDING HISTORY OF AMERICA BY COLLECTING AND EXHIBITING OUTSTANDING WORKS OF ART THAT ILLUMINATE AMERICA'S ARTISTIC HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, CRYSTAL BRIDGES WELCOMED OVER 700,000 GUESTS AND PRESENTED SEVERAL COLLECTION FOCUS SHOWS, AND FOUR MAJOR EXHIBITIONS INCLUDING MEN OF STEEL, WOMEN OF WONDER; NATURES NATION: AMERICAN ART & ENVIRONMENT; COLOR FIELD, AND CRYSTALS IN ART: ANCIENT TO TODAY. SEE SCHEDULE O FOR A DESCRIPTION OF THE MOST SIGNIFICANT EXHIBITIONS IN 2019.
CBMAA OFFERED TO THE PUBLIC A VARIETY OF EDUCATIONAL PROGRAMS WHICH HAD OVER 200,395 ATTENDEES IN 2019. SEE SCHEDULE O FOR A DESCRIPTION OF EDUCATIONAL PROGRAMS IN 2019.
THROUGH CBMAA'S COLLECTION CARE PROGRAM, THE MUSEUM AQUIRES ART, MANAGES INCOMING AND OUTGOING LOANS OF ART, PROVIDES CONSERVATION AND MAINTENANCE, AND OTHER INITIATIVES TO CONTINUE THE PRESERVATION OF AMERICA'S MOST WELL KNOWN ART WORKS. SEE SCHEDULE O FOR A DETAILED LIST OF THE COLLECTION CARE ACTIVITIES.
LIBRARY PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Bigelow Executive Director | Officer | 40 | $482,497 |
Sandra Edwards Deputy Director | Officer | 40 | $334,940 |
Lieven A Bertels Director - Momentary | Officer | 40 | $283,769 |
Tracy Cude Chief Financial Officer | Officer | 40 | $240,089 |
Jill Wagar Chief Strategy Officer | 40 | $215,224 | |
Margaret Conrads Director Of Curatorial Affairs | 40 | $193,310 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flintco Llc Construction | 12/30/19 | $24,682,927 |
Wheeler Kearns Architects Inc Architect | 12/30/19 | $684,945 |
Chihuly Inc Exhibition Fees | 12/30/19 | $3,624,183 |
Les Studios Moment Factory Inc Exhibition Fees | 12/30/19 | $2,011,064 |
Ford Audio Visual Systems Llc Av Integrator Srvcs. | 12/30/19 | $1,479,704 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,581,929 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,369,166 |
| Noncash contributions included in lines 1a–1f | $19,095,365 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,951,095 |
| Total Program Service Revenue | $3,517,670 |
| Investment income | $19,182,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $748,560 |
| Net Gain/Loss on Asset Sales | $17,639,423 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,765,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,125,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,341,247 |
| Compensation of current officers, directors, key employees. | $956,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,795,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,938,188 |
| Payroll taxes | $1,047,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,247 |
| Fees for services: Accounting | $99,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $862,325 |
| Fees for services: Other | $984,048 |
| Advertising and promotion | $1,118,178 |
| Office expenses | $317,622 |
| Information technology | $279,406 |
| Royalties | $0 |
| Occupancy | $907,880 |
| Travel | $642,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $525,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,416,013 |
| Insurance | $396,595 |
| All other expenses | $4,414,580 |
| Total functional expenses | $51,552,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,302,469 |
| Savings and temporary cash investments | $1,591,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,178,837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $383,369 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $255,599,546 |
| Investments—publicly traded securities | $518,211,323 |
| Investments—other securities | $644,632,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,321,449 |
| Total assets | $1,457,220,696 |
| Accounts payable and accrued expenses | $181,644 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $181,644 |
| Net assets without donor restrictions | $325,864,501 |
| Net assets with donor restrictions | $1,131,174,551 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,457,220,696 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crystal Bridges Museum Of American Art Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Rich Family Foundation Buffalo, NY PURPOSE: ANNUAL DONATION | $100,000 |
Endowment Analysis
| Beg. Balance | $999,930,677 |
| Earnings | $164,875,140 |
| Admin Expense | $760,907 |
| Net Contributions | $62,647,150 |
| Other Expense | $95,517,509 |
| Ending Balance | $1,131,174,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Fine Arts Houston Houston, TX | $1,826,556,220 | $169,281,056 |
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,457,220,696 | $117,125,297 |
Nelson Gallery Foundation Kansas City, MO | $572,182,849 | $35,543,070 |
Dallas Museum Of Art Dallas, TX | $273,794,885 | $38,344,709 |
Menil Foundation Inc Houston, TX | $819,808,947 | $18,374,409 |
Amon Carter Museum Of Western Art Fort Worth, TX | $85,461,073 | $20,810,184 |
New Orleans Museum Of Art New Orleans, LA | $94,142,047 | $14,791,645 |
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $53,259,841 | $16,046,388 |
Nasher Sculpture Center Dallas, TX | $5,263,608 | $12,149,079 |
Mcnay Art Museum San Antonio, TX | $84,313,132 | $9,369,360 |
San Antonio Museum Of Art San Antonio, TX | $85,166,345 | $12,009,568 |
Philbrook Museum Of Art Inc Tulsa, OK | $66,276,918 | $5,455,173 |