Solomon R Guggenheim Foundation

Organization Overview

Solomon R Guggenheim Foundation is located in New York, NY. The organization was established in 1938. 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 12/2022, Solomon R Guggenheim Foundation employed 536 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomon R Guggenheim Foundation 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 12/2022, Solomon R Guggenheim Foundation generated $75.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $71.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

AS PART OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC IN SEVERAL WAYS. THE FOUNDATION STUDIES THE ART IN THE FOUNDATION'S POSSESSION AND PLANS INTERNATIONAL EXHIBITIONS FOR PUBLIC VIEWING. THE FOUNDATION ALSO LENDS MANY OF THE WORKS OF ART IN ITS COLLECTION TO OTHER MUSEUMS ON THE OCCASION OF SPECIAL EXHIBITIONS THAT ARE OF SCHOLARLY MERIT OR THAT WILL BROADEN THE PUBLIC'S APPRECIATION OF ART. THE FOUNDATION MAINTAINS EXTENSIVE CLIMATE-CONTROLLED, HIGHLY SECURE STORAGE FACILITIES FOR THE ART IN ITS COLLECTION. IT ALSO OPERATES A PHOTOGRAPHY STUDIO FOR THE DOCUMENTATION OF ART AND ARCHIVES TO STORE PHOTOGRAPHS OF ART AND MAKE THEM AVAILABLE TO THE PUBLIC FOR PUBLICATION OR STUDY. (CONTINUED ON SCHEDULE O)


(1) DISSEMINATING CURRENT SCHOLARSHIP AND PROMOTING LEARNING ARE THE PRIMARY GOALS OF THE MANY EXHIBITION AND COLLECTION CATALOGUES PRODUCED BY THE FOUNDATION. PUBLICATIONS PRESENT SCHOLARLY AND INSTRUCTIVE ART HISTORICAL INFORMATION IN THE FORM OF ESSAYS THAT CONTEXTUALIZE ART WITHIN LARGER MOVEMENTS OR DISCIPLINES; IN-DEPTH DISCUSSIONS OF INDIVIDUAL ARTWORKS; INTERVIEWS WITH ARTISTS AND REFERENCE TOOLS SUCH AS BIBLIOGRAPHIES, BIOGRAPHIES, CHRONOLOGIES, AND EXHIBITION HISTORIES. PUBLICATIONS IN 2022 INCLUDED ALEX KATZ: GATHERING AND REPRINTS OF JOSEF ALBERS IN MEXICO AND HILMA AF KLINT: PAINTINGS FOR THE FUTURE. (2) SIGNIFICANT EXHIBITION, COLLECTIONS, EDUCATION, AUDIO, VIDEO, AND CATALOGUES ARCHIVES CONTENT IS AVAILABLE TO THE PUBLIC, FREE OF CHARGE, ON GUGGENHEIM.ORG INCLUDING MORE THAN 1,920 ARTWORKS BY MORE THAN 700 ARTISTS IN THE COLLECTION ONLINE. IN 2022 THE FOUNDATION PUBLISHED 23 VIDEOS AND 226 AUDIO TRACKS, BRINGING THE TOTAL VIDEOS AVAILABLE ON THE SITE TO MORE THAN 620 AND AUDIO TRACKS TO NEARLY 1,400. ADDITIONALLY IN 2022, THE FOUNDATION PUBLISHED 21 BLOG POSTS THAT PROVIDE INSIGHTS INTO EXHIBITIONS, CONTEMPORARY ART, GLOBAL CULTURE, AND MUSEUM ARCHIVES AND HISTORY, BRINGING THE TOTAL NUMBER AVAILABLE ONLINE TO OVER 1,100. IN 2022, GUGGENHEIM.ORG HAD APPROXIMATELY 4,205,403 USER SESSIONS, 2,881,592 USERS AND 21,384,396 PAGE VIEWS. THE BLOOMBERG CONNECTS APP HAS PROVIDED DEEP ENGAGEMENT FOR DIVERSE AUDIENCES WITH THE GUGGENHEIM MUSEUM'S MODERN AND CONTEMPORARY ART, IN THE MUSEUM AND AT HOME. THE DOWNLOADABLE APP WAS INSTALLED OVER 9,300 TIMES AND USED MORE THAN 12,100 TIMES IN 2022. IN 2022, THE FOUNDATION'S EDUCATION AND PUBLIC ENGAGEMENT DEPARTMENTS DEMONSTRATED THE FOUNDATION'S COMMITMENT TO SERVING AUDIENCES AND WELCOMING VISITORS THROUGH A COMBINATION OF ONSITE AND VIRTUAL ENGAGEMENT. THE EDUCATION DEPARTMENT OFFERED IN-PERSON PROGRAMMING FOR SCHOOL, YOUTH, FAMILY, AND ADULT AUDIENCES. IN ADDITION, THE FOUNDATION'S LEARNING THROUGH ART PROGRAM CONTINUED TO BRING LIVE INSTRUCTION TO 51 CLASSROOMS ACROSS THE FIVE BOROUGHS OF NEW YORK CITY AND MOUNTED A SIX WEEK EXHIBITION OF STUDENT WORK IN THE GUGGENHEIM MUSEUM. IN 2022, PROGRAMS FOR TEENS INCLUDED ACADEMIC YEAR PAID OPPORTUNITIES, TEEN NIGHTS, AND SUMMER AND SCHOOL BREAK INTENSIVE COURSES. THE ACADEMIC ENGAGEMENT DEPARTMENT HOSTED BOTH AN INTERNSHIP PROGRAM AND A VIRTUAL SUMMER COLLEGE WORKSHOP.THE FOUNDATION'S PUBLIC PROGRAMS DEPARTMENT CONTINUED TO OFFER BOTH IN-PERSON AND ONLINE PROGRAMS, SERVING OVER 2042 PARTICIPANTS. THE NEW POET-IN-RESIDENCE INITIATIVE, WHICH IS CO-PRESENTED WITH THE ACADEMY OF AMERICAN POETS, PRODUCED POETRY AUDIO TRACKS AND VIDEO DOCUMENTS. THE FOUNDATION ALSO PRESENTED ITS LONGEST STANDING SCHOLARLY LECTURE PROGRAM, THE ANNUAL HILLA REBAY LECTURE, TO A VIRTUAL AUDIENCE IN 2022. (3) THE FOUNDATION EDUCATED THE GENERAL PUBLIC THROUGH FREE WITH ADMISSION GUIDED AUDIO TOURS, THE GALLERY GUIDE PROGRAM, WEEKLY FAMILY PROGRAMS AND FILM SCREENINGS, COURSES, LECTURES, SYMPOSIA, PERFORMANCES, AND OTHER PROGRAMS. THE GUGGENHEIM MUSEUM WELCOMES STUDENTS AT ALL PUBLIC PROGRAMS AND OFFERS DISCOUNTED OR COMPLIMENTARY TICKETS TO STUDENTS WITH VALID ID. THE FOUNDATION'S MIND'S EYE PROGRAM EXPLORED CURRENT EXHIBITIONS THROUGH TELECONFERENCE MEETINGS, VIRTUAL TOURS, AND VERBAL DESCRIPTIONS FOR VISITORS WHO ARE BLIND OR HAVE LOW VISION. VISITORS WHO ARE DEAF OR HARD OF HEARING WERE SERVED THROUGH ASL-INTERPRETED VIDEOS. FAMILY PROGRAMS WERE AVAILABLE TO VISITORS ONSITE EVERY SUNDAY, ENCOURAGING THEM TO EXPLORE THE GUGGENHEIM MUSEUM THROUGH FAMILY TOURS AND ART MAKING WORKSHOPS BOTH IN THE GALLERIES AND IN THE MUSEUM'S STUDIO SPACE. K-12 SCHOOL GROUPS PARTICIPATED IN INTERACTIVE MUSEUM TOURS THAT WERE CUSTOMIZED FOR CHILDREN WITH DEVELOPMENTAL OR SPECIAL NEEDS THROUGH THE GUGGENHEIM FOR ALL INITATIVE. THE FOUNDATION CONTINUED TO OFFER K-12 SCHOOL TOURS FOR NYC PUBLIC SCHOOL STUDENTS AT NO COST. (4) THE GUGGENHEIM ABU DHABI WILL BE LOCATED IN THE CULTURAL DISTRICT OF SAADIYAT ISLAND IN ABU DHABI, THE CAPITAL OF THE UNITED ARAB EMIRATES (UAE). DESIGNED BY INTERNATIONALLY RENOWNED ARCHITECT FRANK GEHRY, THE FUTURE MUSEUM WILL HOUSE ITS OWN MODERN AND COMTEMPORARY ART COLLECTION AND PRESENT SPECIAL EXHIBITIONS.


EXHIBITIONS PRESENTED IN 2022 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK (THE "GUGGENHEIM MUSEUM") INCLUDED: ETEL ADNAN, LIGHT'S NEW MEASURE (OCTOBER 22, 2021 - JANUARY 10, 2022); VASILY KANDINSKY: AROUND THE CIRCLE (OCTOBER 22, 2021 - SEPTEMBER 5, 2022); GILLIAN WEARING, WEARING MASKS (NOVEMBER 5, 2021 - APRIL 4, 2022); JENNIE C. JONES, DYNAMICS (FEBRUARY 4 - MAY 2, 2022); CECILIA VICUNA: SPIN SPIN TRIANGULENE (MAY 27 - SEPTEMBER 5, 2022); EVA HESSE, EXPANDED EXPANSION (JULY 8 - OCTOBER 16, 2022); SENSORY POETICS (JULY 8 - OCTOBER 16, 2022); ALEX KATZ, GATHERING (OCTOBER 21, 2022 - FEBRUARY 20, 2023); AND NICK CAVE, FOROTHERMORE (NOVEMBER 18, 2022 - APRIL 10, 2023). (CONTINUED ON SCHEDULE O).


DURING 2022, THE FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH MUSEUMS ARE OPEN TO THE PUBLIC, CONDUCT VIRTUAL TOURS OF EXHIBITIONS AND PROVIDE EDUCATIONAL TEXTS FREE OF CHARGE IN FULLFILMENT OF THE FOUNDATION'S MISSION. THE GUGGENHEIM MUSEUM WAS OPEN TO THE PUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS, HOSTED ONE OPEN ACCESS WEEKEND IN NOVEMBER 2022 WHICH OFFERED FREE ADMISSION TO ALL VISITORS AND OFFERED REDUCED-PRICE TICKETS TO STUDENTS AND SENIOR CITIZENS. CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FOR FREE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Skyline Restoration
Construction
$1,277,799
Allied Universal
Security
$1,139,424
Crothall Healthcare
Janitorial
$1,013,637
Ams International
Contract Staffing
$712,589
Brunswick Arts Consulting
Communications
$895,131
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,491,343
Fundraising events$2,795,689
Related organizations$0
Government grants $3,213,783
All other contributions, gifts, grants, and similar amounts not included above$34,762,677
Noncash contributions included in lines 1a–1f $2,041,962
Total Revenue from Contributions, Gifts, Grants & Similar$44,263,492
Total Program Service Revenue$28,149,438
Investment income $1,093,028
Tax Exempt Bond Proceeds $0
Royalties $2,195,067
Net Rental Income -$46,961
Net Gain/Loss on Asset Sales -$1,403,733
Net Income from Fundraising Events -$1,544,887
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,353,166
Miscellaneous Revenue$0
Total Revenue $75,933,810

Peer Organizations

Organization NameAssets
Whitney Museum Of American Art
New York, NY
$110,055,900
Philadelphia Museum Of Art
Philadelphia, PA
$87,709,075
Solomon R Guggenheim Foundation
New York, NY
$75,933,810
Brooklyn Institute Of Arts And Sciences
Brooklyn, NY
$88,940,575
Sterling & Francine Clark Art Inst
Williamstown, MA
$10,724,599
Buffalo Fine Arts Academy
Buffalo, NY
$19,629,613
Barnes Foundation
Philadelphia, PA
$34,787,671
Frick Collection
New York, NY
$67,471,378
Isabella Stewart Gardner Museum Inc
Boston, MA
$30,352,820
New Museum Of Contemporary Art
New York, NY
$22,785,608
Neue Galerie New York
New York, NY
$14,693,129
Wadsworth Atheneum Museum Of Art
Hartford, CT
$10,944,489
Doris Duke Foundation For Islamic Art
New York, NY
$17,225,453
Institute Of Contemporary Art
Boston, MA
$26,427,567
Museum Of Arts And Design
New York, NY
$12,286,366
International Center Of Photography
New York, NY
$11,859,344
Worcester Art Museum
Worcester, MA
$15,255,766
Ps1 Contemporary Art Center Inc
Long Island City, NY
$9,702,873
Isamu Noguchi Foundation And Garden Museum
Long Island City, NY
$11,920,545
Storm King Art Center
New Windsor, NY
$8,437,388
Frick Art & Historical Center Inc
Pittsburgh, PA
$10,931,044
Poster House Inc
New York, NY
$8,842,575
Queens Museum Of Art New York City Building
Queens, NY
$6,381,652
Fellowship For The Performing Arts Inc
New York, NY
$10,839,922
Parrish Art Museum Inc
Water Mill, NY
$4,524,490

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