Memphis Brooks Museum Of Art Inc

Organization Overview

Memphis Brooks Museum Of Art Inc is located in Memphis, TN. The organization was established in 1966. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Memphis Brooks Museum Of Art Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Brooks Museum Of Art Inc 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 06/2021, Memphis Brooks Museum Of Art Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MEMPHIS BROOKS MUSEUM OF ART ENRICHES THE LIVES OF OUR DIVERSE COMMUNITY THROUGH THE MUSEUM'S EXPANDING COLLECTION, VARIED EXHIBITIONS, AND DYNAMIC PROGRAMS THAT REFLECT THE ART OF WORLD CULTURES FROM ANTIQUITY TO PRESENT.

Describe the Organization's Program Activity:

PUBLIC ART EXHIBITION SERVICES - EXPENDITURES FOR THE PUBLIC DISPLAY OF VARIOUS FINE ART EXHIBITIONS, BOTH FROM THE MUSEUM'S PERMANENT COLLECTION AND TRAVELING EXHIBITIONS FROM OTHER INSTITUTIONS.APPROXIMATELY 70,000 PEOPLE SERVED.


PUBLIC EDUCATION SERVICES - EXPENDITURES FOR A WIDE VARIETY OF EDUCATIONAL ACTIVITIES, INCLUDING, DOCENT-LEAD TOURS AND OUTREACH ART CURRICULUM IN PUBLIC SCHOOLS. 17,500 PEOPLE SERVED.


MEMBERSHIP SERVICES - EXPENDITURES IN SUPPORT AND DEVELOPMENT OF THE MUSEUM'S 3,100 MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Herzog & Demeuron
Building Design Fees
$440,722
Archimania
Architect Fees
$597,099
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$246,311
Fundraising events$0
Related organizations$0
Government grants $671,448
All other contributions, gifts, grants, and similar amounts not included above$6,718,938
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,636,697
Total Program Service Revenue$31,814
Investment income $53,764
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $58,534
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $33,917
Miscellaneous Revenue$0
Total Revenue $7,821,496

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Memphis Brooks Museum Of Art Inc has recieved totaling $11,098,675.

Awarding OrganizationAmount
Community Foundation Of Greater Memphis Inc

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$5,613,821
J R Hyde Iii Foundation

Memphis, TN

PURPOSE: SUPPORT FOR A DEPUTY DIRECTOR/CHIEF OPERATING OFFICER; GENERAL OPERATING SUPPORT; SUPPORT FOR THE BUILDING FUND

$4,947,759
Plough Foundation

Memphis, TN

PURPOSE: PROGRAM SUPPORT

$200,000
Henry Luce Foundation Inc

New York, NY

PURPOSE: MUSEUM PARTNERS FOR SOCIAL JUSTICE PROJECT

$125,000
Arts Memphis

Memphis, TN

PURPOSE: OPERATING SUPPORT

$85,000
Saul Steinberg Foundation

New York, NY

PURPOSE: DONATION OF ARTWORK TO BE DISPLAYED.

$52,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,448,077
Ending Balance$4,448,077

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