Museum Of Fine Arts Houston

Organization 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 06/2021, Museum Of Fine Arts Houston employed 753 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Fine Arts Houston 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, Museum Of Fine Arts Houston generated $163.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $135.2m during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 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 990T Filing

TAX YEAR

2021

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:

EDUCATION AND PUBLIC PROGRAMS


ACCESSIONS, CURATORIAL AND EXHIBIT EXPENSES


GLASSELL SCHOOL OF ART


MEMBERSHIP ACTIVITIES


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Johnson Controls
Building Efficiency Management
$2,504,661
Steven Holl Architects Pc
Design Architect
$1,880,505
Mccarthy Building Companies Inc
General Contractor
$45,027,266
Universal Protection Service Lp
Security Service
$832,007
Fayez Sarofim & Co
Investment Service
$1,221,284
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,641,524
Related organizations$0
Government grants $321,060
All other contributions, gifts, grants, and similar amounts not included above$50,070,468
Noncash contributions included in lines 1a–1f $32,937,896
Total Revenue from Contributions, Gifts, Grants & Similar$53,033,052
Total Program Service Revenue$8,097,176
Investment income $20,368,644
Tax Exempt Bond Proceeds $0
Royalties $105,008
Net Rental Income $207,711
Net Gain/Loss on Asset Sales $70,590,218
Net Income from Fundraising Events -$426,784
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$926,599
Miscellaneous Revenue$0
Total Revenue $163,632,909

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Museum Of Fine Arts Houston has recieved totaling $41,100.

Awarding OrganizationAmount
Favrot Fund

Houston, TX

PURPOSE: THE OBJECTIVE OF THE MFA IS TO SERVE ALL PEOPLE BY PURSUING EXCELLENCE IN ART THROUGH COLLECTION, EXHIBITION, AND EDUCATION BY BRINGING ART INTO THE EVERYDAY LIFE OF ALL HOUSTONIANS. THE PURPOSE OF THE GRANT IS TWOFOLD: (1) $40,000 TO HELP FUND THE COLOMBIAN ART EXHIBITION; AND (2) $1,000 TO THE GENERAL FUND IN MEMORY OF FAYEZ SAROFIM.

$41,000
Rinehart Family Foundation

Houston, TX

PURPOSE: COMMUNITY ACCESS TO MUSEUM

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,294,196,223
Earnings$386,868,283
Admin Expense$3,236,966
Net Contributions$6,972,834
Other Expense$60,789,911
Ending Balance$1,624,010,463

Peer Organizations

Organization NameAssets
Museum Of Fine Arts Houston
Houston, TX
$163,632,909
Crystal Bridges Museum Of American Art Inc
Bentonville, AR
$177,931,616
Dallas Museum Of Art
Dallas, TX
$26,890,508
Menil Foundation Inc
Houston, TX
$43,342,663
Amon Carter Museum Of Western Art
Fort Worth, TX
$15,302,046
New Orleans Museum Of Art
New Orleans, LA
$12,278,324
San Antonio Museum Of Art
San Antonio, TX
$14,610,399
Nasher Sculpture Center
Dallas, TX
$11,192,016
Mcnay Art Museum
San Antonio, TX
$12,922,550
Philbrook Museum Of Art Inc
Tulsa, OK
$10,854,241
Georgia Okeeffe Museum
Santa Fe, NM
$8,795,076
Nasher Foundation 101796
Forney, TX
$7,023,937

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