Montclair Art Museum
- Assets
- $23.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 126
- Location
- Montclair, NJ
- Founding
- 07/1926
- Data as of
- 06/2022
- EIN
- 22-1487582
Organization Overview
Montclair Art Museum is located in Montclair, NJ. The organization was established in 1926. 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 06/2022, Montclair Art Museum employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montclair 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 06/2022, Montclair Art Museum generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTCLAIR ART MUSEUM, TOGETHER WITH ITS VANCE WALL ART EDUCATION CENTER, ENGAGES ITS DIVERSE COMMUNITY THROUGH DISTINCTIVE EXHIBITIONS, EDUCATIONAL PROGRAMS, AND COLLECTIONS OF AMERICAN AND NATIVE AMERICAN ART. ITS MISSION IS TO INSPIRE AND ENGAGE PEOPLE OF ALL AGES IN THEIR EXPERIENCE WITH ART, INCLUDING THE RICH INTER-CULTURAL AND GLOBAL CONNECTIONS THROUGHOUT AMERICAN HISTORY, AND THE CONTINUING RELEVANCE OF ART TO CONTEMPORARY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATORIAL:THE MONTCLAIR ART MUSEUM INSPIRES AND ENRICHES THE LIVES OF OVER 107,000 VISITORS (12,099 IN-PERSON AND 94,494 VIRTUAL) THROUGH EXHIBITIONS HELD AT THE MUSEUM OR SELF-ORGANIZED NATIONALLY TRAVELING SPECIAL EXHIBITIONS. THE MUSEUM'S PUBLICATIONS OFTEN ACCOMPANY THESE EXHIBITIONS. THE DEPARTMENT ALSO MANAGES THE DISPLAY, PRESERVATION, AND GROWTH OF THE MUSEUM'S PERMANENT COLLECTION OF OVER 12,000 AMERICAN AND NATIVE AMERICAN WORKS OF ART, AS WELL AS LOANS OF SELECTED WORKS TO EXHIBITIONS IN THE UNITED STATES AND ABROAD.
EDUCATION:THE MUSEUM OFFERS A DIVERSE SCHEDULE OF PROGRAMS DESIGNED TO ENGAGE A BROAD RANGE OF AUDIENCES. THROUGH AN ACTIVE SCHEDULE OF LECTURES, GALLERY TOURS AND INTERDISCIPLINARY PRESENTATIONS OF MUSIC, DANCE, FILM AND LITERATURE, THE MUSEUM PROVIDES VISITORS WITH ACCESSIBLE AND UNIQUE OPPORTUNITIES TO LEARN ABOUT ART. THE MUSEUM ALSO OFFERS A VARIETY OF CLASSES AND CAMPS IN ART STUDIO PROCESSES WHICH OFTEN RELATE TO COLLECTIONS AND EXHIBITIONS.
MEMBERSHIP:THE MONTCLAIR ART MUSEUM INCLUDES MORE THAN 2,000 MEMBER HOUSEHOLDS. MEMBERS HAVE ACCESS TO EXCLUSIVE PROGRAMS AND EVENTS AND ALSO ENJOY DISCOUNTS FROM THE ART SCHOOL. THE MUSEUM ALSO ENJOYS THE ACTIVE SERVICE OF OVER 200 VOLUNTEERS WHO MAKE PROFOUND CONTRIBUTIONS BY WORKING AS STEWARDS ON THE BOARD OF TRUSTEES, AS ASSISTANTS IN THE STUDIOS, AS GREETERS AT SPECIAL EVENTS, AND IN MANY OTHER TASKS, TOGETHER PROVIDING MORE THAN 10,000 VOLUNTEER HOURS ANNUALLY.
OTHER PROGRAM SERVICES:MUSEUM STORE - THE STORE AT MAM OFFERS A WIDE VARIETY OF WELL-DESIGNED MERCHANDISE THAT CAN BE ENJOYED BY THE WHOLE FAMILY. ITEMS RELATED TO THE MUSEUM'S COLLECTIONS OF AMERICAN AND NATIVE AMERICAN ART ARE AVAILABLE AS WELL AS HAND-CRAFTED JEWELRY, AND GLASSWARE, CERAMIC OBJECTS AND DECORATIVE HOME ACCENTS OF THE HIGHEST CALIBER. IN ADDITION, THE STORE AT MAM OFFERS A WELL-EDITED SELECTION OF ART-RELATED GIFTS FOR CHILDREN INCLUDING BOOKS, ART IMPLEMENTS, TOYS, GAMES AND FUN COLLECTIBLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Wagner Executive Director | Officer | 40 | $130,000 |
Carol Vance Wall Co-Chair | OfficerTrustee | 4 | $0 |
Frank Jwalter III President | OfficerTrustee | 6 | $0 |
Newton B Schott Jr Vice Chair & Secretary | OfficerTrustee | 5 | $0 |
Joan Zief Treasurer | OfficerTrustee | 4 | $0 |
Susan Brady Abadan Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $292,631 |
| Fundraising events | $128,932 |
| Related organizations | $0 |
| Government grants | $1,002,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,538,232 |
| Noncash contributions included in lines 1a–1f | $97,672 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,962,641 |
| Total Program Service Revenue | $732,937 |
| Investment income | $305,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,085 |
| Net Gain/Loss on Asset Sales | $869,489 |
| Net Income from Fundraising Events | $329,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,824 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,870,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,547 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,390 |
| Compensation of current officers, directors, key employees. | $13,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,343,043 |
| Pension plan accruals and contributions | $10,406 |
| Other employee benefits | $170,937 |
| Payroll taxes | $219,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $569,746 |
| Advertising and promotion | $83,575 |
| Office expenses | $63,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $387,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $518,087 |
| Insurance | $144,880 |
| All other expenses | $59,769 |
| Total functional expenses | $5,163,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,050 |
| Savings and temporary cash investments | $1,679,754 |
| Pledges and grants receivable | $352,450 |
| Accounts receivable, net | $41,247 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,695 |
| Prepaid expenses and deferred charges | $66,169 |
| Net Land, buildings, and equipment | $8,394,818 |
| Investments—publicly traded securities | $12,376,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $608,435 |
| Total assets | $23,752,572 |
| Accounts payable and accrued expenses | $252,025 |
| Grants payable | $0 |
| Deferred revenue | $389,403 |
| Tax-exempt bond liabilities | $2,562,736 |
| 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 | $4,940 |
| Other liabilities | $0 |
| Total liabilities | $3,209,104 |
| Net assets without donor restrictions | $18,512,946 |
| Net assets with donor restrictions | $2,030,522 |
| 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 | $23,752,572 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Montclair Art Museum has recieved totaling $1,027,748.
| Awarding Organization | Amount |
|---|---|
Vance Wall Foundation Inc Montclair, NJ PURPOSE: UNRESTRICTED | $397,100 |
Henry Luce Foundation Inc New York, NY PURPOSE: NEW STRATEGIES IN NATIVE AMERICAN COLLECTION PRESENTATION | $125,000 |
Henry Luce Foundation Inc New York, NY PURPOSE: NEW STRATEGIES IN NATIVE AMERICAN COLLECTION PRESENTATION | $70,000 |
Mcmullen Family Foundation Montclair, NJ PURPOSE: SUPPORT THEIR ACTIVITIES | $60,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $55,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $55,000 |
Endowment Analysis
| Beg. Balance | $5,486,901 |
| Earnings | -$330,405 |
| Net Contributions | $31,000 |
| Other Expense | $507,569 |
| Ending Balance | $4,679,927 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |
Isamu Noguchi Foundation And Garden Museum Long Island City, NY | $75,386,214 | $11,184,586 |
Frick Art & Historical Center Inc Pittsburgh, PA | $114,709,586 | $11,420,206 |
Poster House Inc New York, NY | $11,000,245 | $5,591,226 |