Isabella Stewart Gardner Museum Inc is located in Boston, MA. The organization was established in 1937. 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, Isabella Stewart Gardner Museum Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isabella Stewart Gardner Museum 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, Isabella Stewart Gardner Museum Inc generated $30.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $21.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
COLLECTION AND CONSERVATION - DISTINGUISHED AMONG OTHER GREAT MUSEUMS FOR PRESERVING THE CURATORIAL VISION OF ITS FOUNDER, THE GARDNER MUSEUM IS A WORK OF ART IN TOTALITY. IT ENCOMPASSES A COLLECTION OF APPROXIMATELY 20,000 OBJECTS, INCLUDING ARCHIVAL ITEMS AND WORKS OF ART SPANNING 30 CENTURIES. ISABELLA STEWART GARDNER BEQUEATHED THIS REMARKABLE COLLECTION AND HISTORIC BUILDING AS A RESOURCE "FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC FOREVER." ON CONTINUAL DISPLAY, THE ONGOING CONSERVATION OF THE COLLECTION EMPLOYS CUTTING EDGE SCIENTIFIC METHODS AND NEW PRACTICES TO PRESERVE, PROTECT, AND SAFEGUARD THESE WORKS FOR POSTERITY. SPECIAL EXHIBITIONS, PUBLICATIONS, AND PUBLIC PROGRAMS FEATURE NEW RESEARCH ON THE MUSEUM'S PERMANENT COLLECTION AND CATALYZE DIALOGUES THAT ADDRESS QUESTIONS OF CONTEMPORARY CULTURAL RELEVANCE.
EDUCATION AND PUBLIC PROGRAMS - THE GARDNER'S EDUCATION AND PUBLIC PROGRAMS CREATE WELCOMING, INCLUSIVE, AND ENJOYABLE LEARNING EXPERIENCES. KNOWN FOR A COMMITMENT TO EXCELLENCE IN TEACHING AS WELL AS COLLABORATING WITH LOCAL ARTISTS AND COMMUNITIES, THE GARDNER OFFERS A RICH VARIETY OF PROGRAMS AND RESOURCES FOR CHILDREN AND ADULTS THAT SPARK IN-DEPTH EXPERIENCES WITH WORKS OF ART AND PRESENT OPPORTUNITIES TO ENGAGE WITH SOME OF TODAY'S MOST CREATIVE INDIVIDUALS. IN ADDITION TO HIGH-QUALITY PROFESSIONAL DEVELOPMENT FOR TEACHERS AND DOCENTS, THE MUSEUM CONDUCTS THOUGHTFUL RESEARCH THAT BRINGS NEW KNOWLEDGE TO THE MUSEUM EDUCATION FIELD. THE THINKING THROUGH ART K-12 PROGRAM, KNOWN FOR ITS EMPHASES ON CLOSE LOOKING AND GROUP MEANING MAKING, HAS PRODUCED RESEARCH ON HOW IN-DEPTH EXPERIENCES WITH ART DISCUSSION HELPED BOSTON STUDENTS DEVELOP SIGNIFICANTLY MORE CRITICAL THINKING SKILLS THAN STUDENTS IN CONTROL SCHOOLS WITHOUT THE PROGRAM. WORKING WITH LOCAL ARTISTS, PERFORMERS, CULTURAL LEADERS AND SOCIAL JUSTICE ORGANIZATIONS, THE MUSEUM WORKS TO BUILD MUTUALLY BENEFICIAL RELATIONSHIPS WITH OUR COMMUNITY AND PARTNERS. THIRD THURSDAYS, A SUCCESSFUL EVENING PROGRAM FOR YOUNG ADULTS, HAS BECOME A MODEL FOR MUSEUMS AROUND THE COUNTRY IN ENGAGING YOUNG, LOCAL AUDIENCES. NEIGHBORHOOD SALON LUMINARIES AND STUDIO ARTISTS PROGRAMS BUILD COMMUNITY WITH LOCAL ARTISTS AND CREATIVES, CONNECTING THEM WITH THE MUSEUM, THE STAFF, COLLECTION, AND RESOURCES, INFORMING FUTURE PROGRAM CO-CREATION AND ARTISTIC RESPONSES TO THE GARDNER. EXHIBITION INTERPRETATION AND PROGRAMMING FEATURE A VARIETY OF PERSPECTIVES, CREATING MULTIPLE ENTRY POINTS FOR VISITORS. THE GARDNER AMBASSADORS PAID INTERNSHIP PROVIDES PRACTICAL, COMPENSATED JOB PATHWAYS FOR LOCAL COMMUNITY COLLEGE STUDENTS, EMPHASIZING BOTH PERSONAL CAREER DEVELOPMENT AS WELL AS GROUNDING THEIR LEARNING IN THE VISITOR EXPERIENCE.
MUSIC - A VITAL PART OF ISABELLA STEWART GARDNER'S VISION, MUSIC CONTINUES TO BE CENTRAL TO THE GARDNER MUSEUM'S INTERDISCIPLINARY MISSION. ISABELLA'S MUSEUM OPENED IN 1903 WITH A CONCERT BY THE BOSTON SYMPHONY ORCHESTRA, AND HER DYNAMIC MUSICAL LEGACY CONTINUES TODAY WITH THE COUNTRY'S OLDEST MUSEUM-BASED CONCERT SERIES. THE MUSEUM'S SUNDAY CONCERT SERIES PRESENTS OUTSTANDING ESTABLISHED AND EMERGING MUSICIANS IN THE MUSEUM'S INTIMATE CONCERT SPACE, CALDERWOOD HALL. THE PERFORMERS, COMPOSERS, AND REPERTOIRE FEATURED IN THE MUSEUM'S MUSICAL PROGRAMMING REFLECT A COMMITMENT TO DIVERSITY AND CREATIVITY, WHILE THE COMMISSIONING OF NEW WORKS CELEBRATES THE INNOVATIVE PERSPECTIVES OF CONTEMPORARY ARTISTS. IN PARTNERSHIP WITH THE MUSEUM'S VISITING CURATORS OF PERFORMING ARTS, THE MUSIC DEPARTMENT PRESENTS MULTIDISCIPLINARY PERFORMANCES THAT RESPOND TO THE MUSEUM'S COLLECTION AND EXHIBITIONS THROUGH DANCE, MUSIC, SPOKEN WORD, AND THEATER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peggy Fogelman Norma Jean Calderwood Director | OfficerTrustee | 40 | $477,629 |
Clifford Rust Chief Finan. & Admin. Officer | Officer | 40 | $211,509 |
George Steel Abrams Curator Of Music | 40 | $152,624 | |
Michael Holland Director Of Facilities & Cap. Proj. | 40 | $146,008 | |
Anthony Amore Director Of Security | 40 | $135,289 | |
Maureen O'brien Associate Director Of Development | 40 | $125,804 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cambridge Associates Llc Investment Management | 6/29/21 | $275,472 |
Acranom Masonry Inc Masonry Contractor | 6/29/21 | $232,735 |
Tessitura Network Inc Enterprise System | 6/29/21 | $197,377 |
Third And Grove Llc Website Development | 6/29/21 | $232,995 |
Vodavi Technologies It Support | 6/29/21 | $185,479 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $810,261 |
Fundraising events | $825,715 |
Related organizations | $0 |
Government grants | $1,799,900 |
All other contributions, gifts, grants, and similar amounts not included above | $14,613,233 |
Noncash contributions included in lines 1a–1f | $2,013,715 |
Total Revenue from Contributions, Gifts, Grants & Similar | $18,049,109 |
Total Program Service Revenue | $1,769,857 |
Investment income | $1,026,916 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$36,800 |
Net Gain/Loss on Asset Sales | $9,043,135 |
Net Income from Fundraising Events | -$106,642 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $607,245 |
Miscellaneous Revenue | $0 |
Total Revenue | $30,352,820 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,318,063 |
Compensation of current officers, directors, key employees. | $809,816 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,968,773 |
Pension plan accruals and contributions | $166,431 |
Other employee benefits | $911,917 |
Payroll taxes | $632,946 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,376 |
Fees for services: Accounting | $42,984 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $306,871 |
Fees for services: Other | $1,715,771 |
Advertising and promotion | $108,365 |
Office expenses | $0 |
Information technology | $12,990 |
Royalties | $30,882 |
Occupancy | $1,190,374 |
Travel | $30,974 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $328,848 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,560,254 |
Insurance | $286,035 |
All other expenses | $902,059 |
Total functional expenses | $21,672,068 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,896,660 |
Savings and temporary cash investments | $4,665,075 |
Pledges and grants receivable | $6,132,714 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $363,036 |
Prepaid expenses and deferred charges | $287,530 |
Net Land, buildings, and equipment | $78,146,151 |
Investments—publicly traded securities | $22,849,215 |
Investments—other securities | $210,123,601 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,515,031 |
Total assets | $347,979,013 |
Accounts payable and accrued expenses | $955,530 |
Grants payable | $0 |
Deferred revenue | $888,318 |
Tax-exempt bond liabilities | $20,396,895 |
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 | $0 |
Total liabilities | $22,240,743 |
Net assets without donor restrictions | $80,127,888 |
Net assets with donor restrictions | $245,610,382 |
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 | $347,979,013 |
Over the last fiscal year, we have identified 2 grants that Isabella Stewart Gardner Museum Inc has recieved totaling $8,500.
Awarding Organization | Amount |
---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $6,500 |
Reamer Family Foundation Boston, MA PURPOSE: ARTS & CULTURE | $2,000 |
Beg. Balance | $171,608,366 |
Earnings | $46,086,469 |
Net Contributions | $4,392,447 |
Other Expense | $8,384,740 |
Ending Balance | $213,702,542 |
Organization Name | Assets | Revenue |
---|---|---|
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |