The Corning Museum Of Glass
- Assets
- $73.7m
- Revenue
- $31.5m
- Investments
- $0.0
- Employees
- 194
- Location
- Corning, NY
- Founding
- 06/1952
- Data as of
- 12/2020
- EIN
- 16-0764349
Organization Overview
The Corning Museum Of Glass is located in Corning, NY. The organization was established in 1952. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Corning Museum Of Glass employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corning Museum Of Glass 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, Corning Museum Of Glass generated $31.5m 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 (5.9%) each year. All expenses for the organization totaled $36.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. 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
TO INSPIRE PEOPLE TO SEE GLASS IN A NEW LIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATORIAL, EXHIBITIONS AND RESEARCH - THE CURATORIAL DEPARTMENT, WHICH IS DIVIDED INTO FOUR COLLECTING AREAS, STEWARDS, DISPLAYS AND INTERPRETS THE WORLD'S MOST COMPREHENSIVE COLLECTION OF GLASS ART, HISTORY, SCIENCE AND TECHNOLOGY IN FOUR MAIN PERMANENT GALLERIES, AND THROUGH SPECIAL EXHIBITIONS, PROGRAMS AND PUBLICATIONS. IN 2021, THE MUSEUM HOSTED ONE MAJOR EXHIBITION AND ONE MINOR EXHIBITION. THE MUSEUM CONTINUED TO INVEST IN RESEARCH RESIDENCIES AND GRANTS AND PUBLISHED TWO ANNUAL JOURNALS.
STUDIO, EDUCATION AND OUTREACH - THE MUSEUM EDUCATES PEOPLE OF ALL AGESIN A DIVERSITY OF TOPICS ABOUT GLASS. OUR GLASSMAKING SCHOOL, THE STUDIO, PROVIDES CLASSES, RESIDENCIES, LIVE ONLINE PROGRAMMING AND SCHOLARSHIPS AND RESIDENCIES TO ARTISTS AND SCHOLARS AROUND THE WORLD. IN 2021, THE MUSEUM HOSTED 625 STUDENTS IN A VARIETY OF CLASSES, INCLUDING ONLINE, VIRTUAL CLASSES, AND SUPPORTED ARTISTS THROUGH THREE RESIDENCIES. ON A DAILY BASIS, THE MUSEUM PROVIDES A VARIETY OF GLASSMAKING DEMONSTRATIONS FOR OUR VISITORS WHICH ENABLES THEM TO OBSERVE AND LEARN ABOUT THE ART, SCIENCE, TECHNOLOGY AND PROPERTIES OF GLASS. THE MUSEUM EXPANDS THIS LEARNING BY PROVIDING HOT GLASS OUTREACH PROGRAMS WHEREBY WE TAKE OUR STAFF ARTISTS AND MOBILE GLASSMAKING DEMONSTRATION EQUIPMENT INTO A VARIETY OF VENUES. THE MUSEUM ALSO PROVIDES PROGRAMS ENABLING OUR VISITORS TO PARTICIPATE IN A VARIETY OF UNIQUE HANDS-ON GLASSMAKING EXPERIENCES. IN 2021, A QUARTER OF OUR INDIVIDUAL AND FAMILY VISITORS ENGAGED IN ONE OF THESE GLASSMAKING EXPERIENCES. OUR EDUCATION DEPARTMENT PLAYS AN IMPORTANT ROLE IN PROVIDING PROGRAMS FOR ALL GUESTS, AS WELL AS STUDENTS IN OUR LOCAL SCHOOL SYSTEMS. IN 2021, THE MUSEUM HOSTED 990 SCHOOL CHILDREN ON FIELD TRIPS TO THE MUSEUM.
MUSEUM SHOPS - THE MUSEUM'S SHOPS ARE DESIGNED TO REFLECT AND ENHANCE THE EXPERIENCE OF THE COLLECTION. THE SHOPS INCLUDE PRODUCTS FROM AROUND THE GLOBE AND MANY WORKS PRODUCED LOCALLY AND REGIONALLY BY A VARIETY OF ARTISTS. THERE IS A WIDE ARRAY OF PRODUCTS INCLUDING FINE ART, STEUBEN, KITCHENWARE, JEWELRY, COLLECTIBLES AND BOOKS AND VIDEOS, OFFERED IN OUR ALMOST 20,000-SQUARE-FOOT SHOP, AS WELL AS IN OUR ONLINE SHOPS AND STEUBEN STORES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karol B Wight President And Executive Di | OfficerTrustee | 40 | $540,194 |
Alan T Eusden Chief Operating Officer | OfficerTrustee | 24 | $255,948 |
David R Togni Jr Chief Financial Officer | Officer | 40 | $203,183 |
Amy J Schwartz Director Of The Studio | 40 | $194,110 | |
Elizabeth M Duane Chief Marketing And Commun | 40 | $191,147 | |
Scott A Sayre Chief Information Officer | 40 | $184,686 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
East Shore Marketing Llc Marketing/advertising | 12/30/20 | $854,800 |
East Shore Marketing Llc Marketing/advertising | 12/30/20 | $854,800 |
Nixon Peabody Llp Legal Services | 12/30/20 | $118,605 |
Nixon Peabody Llp Legal Services | 12/30/20 | $118,605 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,863,240 |
| Investment income | $848,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $666 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,434,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,761,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,481,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,022,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,690,355 |
| Pension plan accruals and contributions | $1,085,232 |
| Other employee benefits | $2,280,297 |
| Payroll taxes | $782,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,903 |
| Fees for services: Accounting | $82,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $977,259 |
| Advertising and promotion | $1,234,536 |
| Office expenses | $2,149,608 |
| Information technology | $687,024 |
| Royalties | $80,292 |
| Occupancy | $4,550,398 |
| Travel | $249,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,316 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,228,800 |
| Insurance | $169,332 |
| All other expenses | $0 |
| Total functional expenses | $36,212,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,177 |
| Savings and temporary cash investments | $10,818,693 |
| Pledges and grants receivable | $5,545,237 |
| Accounts receivable, net | $80,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,561,329 |
| Prepaid expenses and deferred charges | $862,517 |
| Investments—publicly traded securities | $50,907,161 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,407 |
| Total assets | $73,662,076 |
| Accounts payable and accrued expenses | $3,528,883 |
| Grants payable | $0 |
| Deferred revenue | $325,476 |
| 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 | $1,024,438 |
| Total liabilities | $4,878,797 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $68,783,279 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that The Corning Museum Of Glass has recieved totaling $311,670.
| Awarding Organization | Amount |
|---|---|
Mirowsky Family Foundation Inc Chestnut Hill, MA PURPOSE: GENERAL | $100,000 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: CONTINUED SUPPORT OF THE EXHIBITION, "CHINESE GLASS AT THE CORNING MUSEUM OF GLASS" | $75,000 |
The Meshberg Foundation Inc Juno Beach, FL PURPOSE: PUBLIC CHARITY | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $24,758 |
Third Street Foundation Portsmouth, NH PURPOSE: PRESIDENT'S RESOURCE FUND | $20,000 |
F Ross Birkhill And Laura Jean Birkhill Family Foundation Detroit, MI PURPOSE: SUPPORT OF DAILY OPERATIONS | $19,700 |
Endowment Analysis
| Beg. Balance | $3,243,711 |
| Earnings | $497,413 |
| Net Contributions | $151,659 |
| Other Expense | $90,545 |
| Ending Balance | $3,802,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |