Museum Of Fine Arts Houston

Museum Of Fine Arts Houston Overview

Museum Of Fine Arts Houston is located in Houston, TX. The organization was established in 1956. 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, Museum Of Fine Arts Houston employed 823 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, Museum Of Fine Arts Houston generated $169.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $110.4m during the year ending 06/2020. While expenses have increased by 0.2% 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

THE MUSEUM OF FINE ARTS, HOUSTON (THE "MUSEUM") IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES, INCLUDING THE OPERATION AND MAINTENANCE OF ONE OR MORE MUSEUM FACILITIES AND, IN CONNECTION THEREWITH, THE OPERATION AND MAINTENANCE OF AN ARTS SCHOOL AND THE CONDUCT OF SUCH OTHER CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES AS ARE CUSTOMARILY CARRIED ON BY A MUSEUM AND WHICH ARE APPROVED BY THE BOARD OF TRUSTEES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION AND PUBLIC PROGRAMS


ACCESSIONS, CURATORIAL AND EXHIBIT EXPENSES


GLASSELL SCHOOL OF ART


MEMBERSHIP ACTIVITIES


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Museum Of Fine Arts Houston Board, Officers & Key Employees

Museum Of Fine Arts Houston Vendors

Vendor Name (Service)Compensation
Mccarthy Building Companies Inc
General Contractor
$71,173,184
Steven Holl Architects Pc
Design Architect
$1,542,168
Johnson Controls
Building Efficiency Management
$1,297,484
Universal Protection Service Lp
Security Service
$841,919
Fayez Sarofim & Co
Investment Service
$1,233,496
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,415,736
Related organizations$0
Government grants $935,424
All other contributions, gifts, grants, and similar amounts not included above$42,557,150
Noncash contributions included in lines 1a–1f $11,460,083
Total Revenue from Contributions, Gifts, Grants & Similar$46,908,310
Total Program Service Revenue$9,273,929
Investment income $22,547,483
Tax Exempt Bond Proceeds $0
Royalties $168,410
Net Rental Income $208,172
Net Gain/Loss on Asset Sales $90,869,548
Net Income from Fundraising Events -$824,812
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$1,263,064
Miscellaneous Revenue$0
Total Revenue $169,281,056

Museum Of Fine Arts Houston Grants Recieved

Over the last fiscal year, we have identified 12 grants that Museum Of Fine Arts Houston has recieved totaling $2,839,850.

Awarding OrganizationAmount
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: RELIGION & CULTURAL INST INITIATIVE

$948,450
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: RELIGION & CULTURAL INST INITIATIVE

$500,000
Hamill Foundation

Houston, TX

PURPOSE: CAPITAL CAMPAIGN & OPERATING PROGRAM

$500,000
Hamill Foundation

Houston, TX

PURPOSE: CAPITAL CAMPAIGN & OPERATING PROGRAM

$500,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$150,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$150,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,316,885,686
Earnings$36,285,162
Admin Expense$3,654,003
Net Contributions$3,418,747
Other Expense$58,739,369
Ending Balance$1,294,196,223

Museum Of Fine Arts Houston Peer Organizations

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