Georgia Okeeffe Museum
- Assets
- $164.3m
- Revenue
- $8.8m
- Investments
- $22.2m
- Employees
- 117
- Location
- Santa Fe, NM
- Founding
- 03/1996
- Data as of
- 12/2020
- EIN
- 85-0437114
Organization Overview
Georgia Okeeffe Museum is located in Santa Fe, NM. The organization was established in 1996. 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 12/2021, Georgia Okeeffe Museum employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Okeeffe Museum 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 12/2020, Georgia Okeeffe Museum generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $8.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE CULTIVATE MEANINGFUL, AUTHENTIC EXPERIENCES INSPIRED BY THE LIFE, WORK AND WORLD OF GEORGIA O'KEEFFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INSPIRE ALL CURRENT AND FUTURE GENERATIONS, THE MUSEUM PRESERVES, PRESENTS AND ADVANCES THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND MODERNISM THROUGH INNOVATIVE PUBLIC ENGAGEMENT, EDUCATION AND RESEARCH. THE MUSEUM ACCOMPLISHES THIS BY PRESENTING EXHIBITIONS NATIONALLY AND INTERNATIONALLY; CARING FOR THE PERMANENT COLLECTION; PROVIDING EXCELLENT PUBLIC PROGRAMS, CUTTING-EDGE CONSERVATION TECHNIQUES, ACCESS TO THE LIBRARY AND ARCHIVES, AND RESEARCH BY OUTSIDE SCHOLARS ABOUT MODERNISM; AND SERVING AS STEWARDS FOR TWO OF O'KEEFFE'S HISTORIC HOMES AND STUDIOS.THE MUSEUM HOUSES THE WORLD'S LARGEST COLLECTION OF ARTWORK BY GEORGIA O'KEEFFE AND PROVIDES AN OVERVIEW OF HER ACHIEVEMENTS DURING THE EIGHT DECADES (1901-1984) THAT SHE WAS ACTIVE AS AN ARTIST. THE COLLECTION INCLUDES WORKS IN CHARCOAL, OIL, PASTEL, PENCIL, WATERCOLOR,AND BRONZE, WHICH REPRESENT MOST OF THE MANY SUBJECTS O'KEEFFE ADDRESSED IN HER ART. THE MUSEUM IS COMMITTED TO MAKING ITS EXHIBITIONS AND PROGRAMS AVAILABLE TO THE BROADEST POSSIBLE AUDIENCE. ITS ACTIVE, CHANGING EXHIBITION SCHEDULE INCLUDES EXHIBITIONS DISPLAYING WORKS BY O'KEEFFE, OTHER AMERICAN MODERNISTS, AND SELECT LIVING AMERICAN ARTISTS. THE MUSEUM HAS ORGANIZED TRAVELING EXHIBITIONS WITH OTHER MUSEUMS AS WELL.THE MUSEUM'S MULTI-DISCIPLINARY EDUCATION AND PUBLIC PROGRAMS TEACH DIVERSE CONSTITUENCIES ABOUT GEORGIA O'KEEFFE AND AMERICAN MODERNISM THROUGH ON-SITE PROGRAMS SUCH AS DOCENT TRAINING, PROFESSIONAL DEVELOPMENT FOR EDUCATORS, ADULT EDUCATION, LECTURES, CONCERTS, WEEKEND FAMILY PROGRAMS AND HANDS-ON ACTIVITIES RELATED TO CURRENT EXHIBITIONS. OFFSITE PROGRAMS INCLUDE A FULL-SCHOLARSHIP PROGRAM FOR PRE-ADOLESCENT GIRLS AND BOYS, ARTS PROGRAMMING TO REPLACE UNDERFUNDED OR ELIMINATED DISTRICT-FUNDED PROGRAMS IN LOCAL PUBLIC SCHOOLS, AFTER-SCHOOL PROGRAMMING AT COMMUNITY AND LOCAL SCHOOL SITES, ART-MAKING WORKSHOPS FOR ADULTS, STATEWIDE EDUCATION OUTREACH, AND WORKSHOPS FOR TEACHERS.THE MUSEUM'S RESEARCH CENTER FOCUSES ON INTERDISCIPLINARY RESEARCH ON AMERICAN MODERNISM IN THE FIELDS OF ART HISTORY, ARCHITECTURAL HISTORY AND DESIGN, LITERATURE, MUSIC AND PHOTOGRAPHY.THE MUSEUM'S AUDIENCES INCLUDE NEW MEXICO RESIDENTS AND VISITORS FROM ACROSS THE COUNTRY AND AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Hartley Museum Director | Officer | 40 | $328,405 |
Colleen Kelly Delay Sr Dir, Advancement & Communications | 40 | $184,576 | |
Benjamin Finberg Senior Director Of Operations | 40 | $157,331 | |
Jennifer Foley Deputy Director For Collections & Engagement | Officer | 40 | $154,239 |
Judy Scharmer Chief Financial Officer | Officer | 40 | $142,308 |
Sylvia Larocque Director Of Hr | 40 | $128,652 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Threespot Media Llc Website Redesigning | 12/30/21 | $166,849 |
Gluckman Tang Schematic Design Consultant - Architect | 12/30/21 | $151,261 |
Bentley Global Arts Group Llc Publishing Company | 12/30/21 | $129,790 |
Robert Half Management Resources Management Consulting Company | 12/30/21 | $137,236 |
Ulsakerstudio Inc Photography Equipment/consulting | 12/30/21 | $127,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $236,720 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,090,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,753,965 |
| Noncash contributions included in lines 1a–1f | $86,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,081,608 |
| Total Program Service Revenue | $348,084 |
| Investment income | $2,459,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,747 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,518,912 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $343,975 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,795,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $451,301 |
| Compensation of current officers, directors, key employees. | $253,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,022,260 |
| Pension plan accruals and contributions | $106,134 |
| Other employee benefits | $564,237 |
| Payroll taxes | $302,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129,711 |
| Fees for services: Accounting | $56,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $92,000 |
| Fees for services: Investment Management | $100,000 |
| Fees for services: Other | $388,543 |
| Advertising and promotion | $89,499 |
| Office expenses | $213,008 |
| Information technology | $181,275 |
| Royalties | $0 |
| Occupancy | $428,112 |
| Travel | $65,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $460,834 |
| Insurance | $211,728 |
| All other expenses | $31,097 |
| Total functional expenses | $8,071,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,747 |
| Savings and temporary cash investments | $801,666 |
| Pledges and grants receivable | $1,769,066 |
| Accounts receivable, net | $32,216 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $420,736 |
| Prepaid expenses and deferred charges | $318,345 |
| Net Land, buildings, and equipment | $4,827,877 |
| Investments—publicly traded securities | $133,915,383 |
| Investments—other securities | $22,219,689 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,315,725 |
| Accounts payable and accrued expenses | $688,970 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,689,608 |
| Total liabilities | $9,378,578 |
| Net assets without donor restrictions | $106,284,791 |
| Net assets with donor restrictions | $48,652,356 |
| 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 | $164,315,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Okeeffe Museum has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Hutson Wiley And Echevarria Foundation Inc Coral Gables, FL PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $127,040,385 |
| Earnings | $10,546,485 |
| Net Contributions | $8,845,160 |
| Other Expense | $32,653,323 |
| Ending Balance | $113,778,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |