Seattle Art Museum

Organization Overview

Seattle Art Museum is located in Seattle, WA. The organization was established in 1934. 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, Seattle Art Museum employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Art 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 06/2020, Seattle Art Museum generated $41.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $37.3m during the year ending 06/2020. 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

TO PROMOTE AND CULTIVATE THE FINE ARTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS - THE SEATTLE ART MUSEUM, THE SCULPTURE PARK AND THE ASIAN ART MUSEUM.DURING THE FISCAL YEAR ENDED JUNE 30, 2021, THE OUTDOOR OLYMPIC SCULPTURE PARK REMAINED OPEN TO THE PUBLIC YEAR-ROUND, BUT THE SEATTLE ART MUSEUM DOWNTOWN, THE SEATTLE ASIAN ART MUSEUM, AND THE PAVILION AT THE OLYMPIC SCULPTURE PARK EXPERIENCE INTERMITTENT CLOSURES AND RE-OPENINGS AT THE GOVERNMENT'S DIRECTION. THE SEATTLE ART MUSEUM DOWNTOWN WAS ABLE TO RE-OPEN ON FEBRUARY 6, 2021 AND THE SEATTLE ASIAN ART MUSEUM AND THE OLYMPIC SCULPTURE PARK PAVILION FOLLOWED ON APRIL 30, 2021. IN ORDER TO STILL PROVIDE ACCESS TO ART AND EDUCATION DURING THE CLOSURES, THE MUSEUM SHIFTED ITS PROGRAMMING ONLINE AND PROVIDED VIRTUAL ACCESS FOR ITS AUDIENCES AND COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allied Universal
Security Services
$645,452
Cambridge Associates
Investment Managment
$337,116
Mckinstry Co
Hvac Maintenance
$260,606
Southwest Solutions
Upgrades And Repairs
$205,646
Eltec Systems Llc
Elevator Maintenance And Repairs
$162,051
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$31,130,663
Investment income $3,977,368
Tax Exempt Bond Proceeds $0
Royalties $18,465
Net Rental Income $3,316,066
Net Gain/Loss on Asset Sales -$958,824
Net Income from Fundraising Events $60,358
Net Income from Gaming Activities $11,515
Net Income from Sales of Inventory $460,550
Miscellaneous Revenue$0
Total Revenue $41,617,097

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Seattle Art Museum has recieved totaling $5,825.

Awarding OrganizationAmount
Illuminated Foundation

Cave Creek, AZ

PURPOSE: FUNDING DONATION

$5,000
Zari And Gregory Semerdjian Charitable Foundation

Tacoma, WA

PURPOSE: SUPPORT WORLD-CLASS VISUAL ARTS IN THE PACIFIC NORTHWEST

$250
Now And Tomorrow

Yarrow Point, WA

PURPOSE: PROMOTING THE ARTS IN THE GREATER SEATTLE AREA.

$250
J D Robertson Foundation

Cleveland, OH

PURPOSE: GENERAL PURPOSE

$225
Tillie & Alfred Shemanski Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$150,800,827
Earnings$47,278,628
Admin Expense$655,819
Net Contributions$12,881,360
Other Expense$8,155,182
Ending Balance$202,149,814

Peer Organizations

Organization NameAssets
Seattle Art Museum
Seattle, WA
$41,617,097
Portland Art Museum
Portland, OR
$27,542,215
National Nordic Museum
SeattlE, WA
$3,740,373
Tacoma Art Museum Tacoma Wa
Tacoma, WA
$4,980,313
Museum Of Glass
Tacoma, WA
$3,274,139
The Bellevue Art Museum
Bellevue, WA
$2,226,948
Maryhill Museum Of Art
Goldendale, WA
$1,339,559
Boise Art Museum Incorporated
Boise, ID
$1,848,103
Mobius Spokane
Spokane, WA
$1,221,461
Museum Of Northwest Art
La Conner, WA
$989,846
Favell Museum Inc
Klamath Falls, OR
$284,368
Larson Gallery Guild
Yakima, WA
$236,672

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