Indianapolis Museum Of Art Inc

Indianapolis Museum Of Art Inc Overview

Indianapolis Museum Of Art Inc, operating under the name Newfields, is located in Indianapolis, IN. The organization was established in 1937. 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, Newfields employed 483 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, Newfields generated $50.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $35.7m during the year ending 06/2020. While expenses have increased by 0.5% per year over the past 5 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO ENRICH LIVES THROUGH EXCEPTIONAL EXPERIENCES WITH ART AND NATURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CURATORIAL - THE STUDY, PRESERVATION AND COLLECTION OF ART FOR THE ENJOYMENT OF FUTURE GENERATIONS.


EDUCATIONAL - TO COMMUNICATE AND DEVELOP KNOWLEDGE ABOUT THE ART COLLECTED, TO MEMBERS OF THE GENERAL PUBLIC.


HORTICULTURAL - NEWFIELDS FOSTERS EXPLORATION NOT ONLY OF THE ART IN ITS MUSEUM COLLECTIONS, BUT ALSO OF THE NATURAL ENVIRONMENT AND THE HISTORIC PROPERTIES FOR WHICH NEWFIELDS HAS BEEN GIVEN STEWARDSHIP.


MUSEUM STORE


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Indianapolis Museum Of Art Inc Board, Officers & Key Employees

Indianapolis Museum Of Art Inc Vendors

Vendor Name (Service)Compensation
Sovereign Landscape Llc
Construction
$306,813
Diverse Excellence Technology Llc
It Consulting
$1,065,232
Blockhouse Studios
Video Production
$579,165
Milestone Contractors Lp
Contractor
$140,275
Bkd Llp
Accounting Services
$121,866
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$936,867
Fundraising events$0
Related organizations$0
Government grants $470,981
All other contributions, gifts, grants, and similar amounts not included above$19,737,485
Noncash contributions included in lines 1a–1f $2,586,974
Total Revenue from Contributions, Gifts, Grants & Similar$21,145,333
Total Program Service Revenue$5,404,090
Investment income $1,390,547
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$118,702
Net Gain/Loss on Asset Sales $22,642,388
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $424,556
Miscellaneous Revenue$0
Total Revenue $50,888,212

Indianapolis Museum Of Art Inc Grants Recieved

Over the last fiscal year, we have identified 16 grants that Indianapolis Museum Of Art Inc has recieved totaling $11,687,284.

Awarding OrganizationAmount
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: LUMINARIUM IMMERSIVE DIGITAL ART

$6,995,500
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: EMPLOYEE MATCHING GIFT(S)

$2,344,500
Myrta J Pulliam Charitable Tr

Indianapolis, IN

PURPOSE: GENERAL

$550,000
Arts Council Of Indianapolis Inc

Indianapolis, IN

PURPOSE: ARTS PROGRAMMING & COVID RELIEF

$515,392
Arts Council Of Indianapolis Inc

Indianapolis, IN

PURPOSE: ARTS PROGRAMMING & COVID RELIEF

$515,392
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: GENERAL OPERATING SUPPORT

$500,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$335,721,000
Earnings$707,000
Admin Expense$2,766,743
Net Contributions$7,741,000
Other Expense$14,009,257
Ending Balance$327,393,000

Indianapolis Museum Of Art Inc Peer Organizations

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