Brandywine Conservancy & Museum Of Art
- Assets
- $159.6m
- Revenue
- $25.9m
- Investments
- $16.0m
- Employees
- 152
- Location
- Chadds Ford, PA
- Founding
- 04/1967
- Data as of
- 06/2022
- EIN
- 51-6020908
Organization Overview
Brandywine Conservancy & Museum Of Art is located in Chadds Ford, PA. The organization was established in 1967. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Brandywine Conservancy & Museum Of Art employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brandywine Conservancy & Museum Of Art 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 06/2022, Brandywine Conservancy & Museum Of Art generated $25.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $15.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BRANDYWINE CONSERVANCY & MUSEUM OF ART PRESERVES AND PRESENTS ELEMENTS OF ART AND NATURE THAT HIGHLIGHT THE EXTRAORDINARY BEAUTY OF THE BRANDYWINE REGION IN PENNSYLVANIA AND DELAWARE. THE BRANDYWINE CONSERVANCY PROTECTS AND CONSERVES THE LAND, WATER, NATURAL, AND CULTURAL RESOURCES OF THE BRANDYWINE-CHRISTINA WATERSHED. THE BRANDYWINE MUSEUM OF ART ENGAGES AUDIENCES THROUGH ITS PRESENTATION AND INTERPRETATION OF AMERICAN ART WITH A PARTICULAR FOCUS ON THE WYETH FAMILY AND OTHER ARTISTS OF THE BRANDYWINE REGION.
Describe the Organization's Program Activity:
THE BRANDYWINE RIVER MUSEUM OF ART ENGAGES AUDIENCES THROUGH ITS PRESENTATION AND INTERPRETATION OF AMERICAN ART WITH A PARTICULAR FOCUS ON THE WYETH FAMILY AND OTHER ARTISTS WHO LIVED AND WORKED IN THE BRANDYWINE VALLEY REGION. SINCE ITS FOUNDING IN 1971, THE MUSEUM HAS ASSEMBLED A COLLECTION OF OVER 4,000 OBJECTS FROM THE MID-NINETEENTH CENTURY TO THE PRESENT WITH MAJOR HOLDINGS OF LANDSCAPE AND STILL-LIFE PAINTING, ILLUSTRATION, AND PAINTINGS BY THREE GENERATIONS OF THE WYETH FAMILY. THE MUSEUM HAS A DISTINGUISHED PROGRAM OF TEMPORARY EXHIBITIONS AND PUBLICATIONS THAT HAVE MADE SIGNIFICANT CONTRIBUTIONS TO SCHOLARSHIP IN THE FIELD OF AMERICAN ART. IN ADDITION TO ITS COLLECTION, THE BRANDYWINE OWNS AND MAKES OPEN TO THE PUBLIC SEASONALLY THREE HISTORIC PROPERTIES, ALL DESIGNATED NATIONAL HISTORIC LANDMARKS, THAT INCLUDE THE STUDIOS OF N. C. AND ANDREW WYETH.
THE BRANDYWINE CONSERVANCY (THE CONSERVANCY) WORKS FOR PRESERVATION AND WISE MANAGEMENT OF NATURAL, HISTORIC, AND SCENIC RESOURCES OF THE BRANDYWINE VALLEY AND SURROUNDING AREAS WITH PARTICULAR AND STRONG EMPHASIS ON THE PRESERVATION OF LAND, WATER SUPPLIES AND AGRICULTURE. THROUGH THIS PROGRAM, THE CONSERVANCY ACQUIRES CONSERVATION EASEMENTS ON OPEN SPACES AND OFTEN ON HISTORIC LANDS AND, AS OF THIS FILING, HAS 510 EASEMENTS WHICH ARE REGULARLY MONITORED TO ASSURE LANDOWNER'S COMPLIANCE WITH THE RESTRICTIONS IN EACH EASEMENT. THE PROGRAM AIDS MUNICIPAL GOVERNMENTS IN THE REGION ON ENVIRONMENTAL ISSUES SUCH AS STORM WATER MANAGEMENT, ORDINANCES OF VARIOUS TYPES AFFECTING LAND AND WATER RESOURCES, AND LAND USE PLANNING. THE CONSERVANCY OWNS MORE THAN 3,008 ACRES OF LAND WHICH IT CAREFULLY MANAGES TO HELP PRESERVE LAND AND WATER RESOURCES AND TO SERVE AS MODELS OF HIGH STANDARDS IN THE STEWARDSHIP OF NATURAL AND AGRICULTURAL LANDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia A Logan Executive Director, CEO & Assistant Secretary | Officer | 40 | $370,271 |
Thomas Padon Museum Director | 40 | $253,773 | |
Ellen Ferretti Program Director | 40 | $180,613 | |
Karl Malkin CFO | Officer | 40 | $169,344 |
Wade Abnett Facilities Director | 40 | $136,850 | |
Suzanne Regnier Development Director | 40 | $130,631 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Belfor Usa Group Inc Flood Remediation | 6/29/22 | $509,940 |
Brown Advisory Investment Management Service | 6/29/22 | $137,423 |
Wohlsen Construction Company Construction | 6/29/22 | $564,806 |
Camfred Construction Llc Construction | 6/29/22 | $1,588,640 |
Service Unlimited Inc Hvac Service | 6/29/22 | $546,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $288,893 |
| Fundraising events | $458,915 |
| Related organizations | $0 |
| Government grants | $1,788,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,068,463 |
| Noncash contributions included in lines 1a–1f | $1,737,795 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,604,874 |
| Total Program Service Revenue | $971,889 |
| Investment income | $3,445,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $135,941 |
| Net Gain/Loss on Asset Sales | $3,593,636 |
| Net Income from Fundraising Events | -$175,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $373,387 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,949,606 |
| 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. | $627,674 |
| Compensation of current officers, directors, key employees. | $627,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,971,221 |
| Pension plan accruals and contributions | $226,971 |
| Other employee benefits | $559,984 |
| Payroll taxes | $380,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,421 |
| Fees for services: Accounting | $81,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $233,653 |
| Fees for services: Other | $569,827 |
| Advertising and promotion | $160,230 |
| Office expenses | $88,243 |
| Information technology | $193,488 |
| Royalties | $0 |
| Occupancy | $472,602 |
| Travel | $41,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,029,961 |
| Insurance | $286,067 |
| All other expenses | $622,311 |
| Total functional expenses | $15,046,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,054,172 |
| Savings and temporary cash investments | $506,885 |
| Pledges and grants receivable | $1,637,232 |
| Accounts receivable, net | $325,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $247,784 |
| Prepaid expenses and deferred charges | $343,681 |
| Net Land, buildings, and equipment | $42,188,806 |
| Investments—publicly traded securities | $87,564,035 |
| Investments—other securities | $16,006,886 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,735,922 |
| Total assets | $159,611,083 |
| Accounts payable and accrued expenses | $1,282,533 |
| Grants payable | $0 |
| Deferred revenue | $487,594 |
| 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 | $3,298,331 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,172,552 |
| Total liabilities | $6,241,010 |
| Net assets without donor restrictions | $51,891,244 |
| Net assets with donor restrictions | $101,478,829 |
| 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 | $159,611,083 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brandywine Conservancy & Museum Of Art has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Mountain Laurel Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $2,000 |
Fgp Foundation Wayne, PA PURPOSE: CHARITABLE PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $125,956,250 |
| Earnings | -$13,660,087 |
| Admin Expense | $233,653 |
| Net Contributions | $552,910 |
| Other Expense | $4,317,206 |
| Ending Balance | $108,298,214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |