Barnes Foundation is located in Philadelphia, PA. The organization was established in 1923. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barnes 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 12/2021, Barnes Foundation generated $34.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $25.6m during the year ending 12/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADING FORUM FOR THE EXPLORATION OF THE ARTS, IDEAS, AND HISTORIES REPRESENTED IN ITS CORE COLLECTIONS. THE BARNES MANIFESTS THIS COMMITMENT BY TEACHING VISUAL LITERACY THROUGH THE BARNES-DE-MAZIA METHOD; SUPPORTING ADVANCED SCHOLARSHIP ON ITS COLLECTIONS AND RELATED SUBJECTS; SHARING COMPELLING INTERPRETIVE STRATEGIES; AND OFFERING INCLUSIVE CULTURAL AND EDUCATIONAL EXPERIENCES ON-SITE, ONLINE, AND IN THE COMMUNITIES IT SERVES. CENTRAL TO THE BARNES FOUNDATION'S MISSION IS THE ENCOURAGEMENT OF EVER-DEEPER UNDERSTANDING AND ENJOYMENT OF ITS COLLECTIONS BY DIVERSE LOCAL, NATIONAL, AND INTERNATIONAL AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ENGAGES IN AN ACTIVE PROGRAM OF COLLECTION CARE AND CONSERVATION. THE BARNES ART COLLECTION COMPRISES OVER 8,000 WORKS OF FINE AND DECORATIVE ARTS, INCLUDING PAINTINGS, FRAMES, WORKS ON PAPER, FURNITURE, AND DECORATIVE METALWORK. THE FOUNDATION'S PHILADELPHIA FACILITY INCLUDES A STATE-OF-THE-ART PAINTING CONSERVATION LAB. FY23 FEATURED AN EXHIBITION OF WORKS BY SOUTH AFRICAN ARTISTS SUE WILLIAMSON & LEBOHANG KGANYE, TELL ME WHAT YOU REMEMBER. CURATED BY EMMA LEWIS OF TURNER CONTEMPORARY IN MARGATE, ENGLAND, THE EXHIBITION PAIRED THE WORKS OF ARTISTS, SUE WILLIAMSON, AN ACTIVIST AND ORGANIZER IN THE WOMEN'S MOVEMENT FOR PEACE, A MULTI-RACIAL ANTI-APARTHEID GROUP, WITH LEBOHANG KGANYE, A WOMAN BORN POST-APARTHEID NEAR THE TOWNSHIP OF SOWETO, ONCE HOME TO NELSON MANDELA AND ARCHBISHOP DESMOND TUTU. THE EXHIBITION FEATURED BODIES OF WORK ACROSS PHOTOGRAPHY, SCULPTURE, VIDEO, AND INSTALLATION. THE EXHIBITION CLOSED IN MAY 2023.EXPENSES FOR COLLECTIONS CARE INCLUDES A PRO-RATA SHARE OF DEPRECIATION AND OTHER FACILITY COSTS.
THE FOUNDATION'S PERMANENT COLLECTION GALLERY IN PHILADELPHIA WELCOMED NEARLY 100,000 GUESTS IN THE SIX-MONTH PERIOD ENDING JUNE 30, 2023. THE FOUNDATION IS OPEN TO THE PUBLIC FIVE DAYS PER WEEK (THURSDAY THROUGH MONDAY). A RETAIL STORE SELLS REPRODUCTIONS, PUBLICATIONS AND OTHER ITEMS RELATED TO THE ART COLLECTION. THE FOUNDATION ALSO PROVIDES ENTERTAINING PRIVILEGES TO ITS MEMBERS, HOSTING 37 SPECIAL EVENTS DURING FY23.THE BARNES PRESENTED A NUMBER OF IN-PERSON PROGRAMS IN FY23, INCLUDING FIRST FRIDAYS, PECO FREE FIRST SUNDAY FAMILY DAYS, YOUNG PROFESSIONALS' NIGHTS, AS WELL AS TODDLER PALOOZA - A SPECIAL FAMILY-ORIENTED EVENT FOR THE YOUNGEST ASPIRING ARTISTS.PROGRAM EXPENSES FOR VISITATION INCLUDES A PRO-RATA SHARE OF DEPRECIATION AND OTHER FACILITY COSTS FOR ALL LOCATIONS.
THE BARNES-DE MAZIA PROGRAM BUILDS ON DR. BARNES'S GROUNDBREAKING APPROACH TO TEACHING VISUAL LITERACY AND THE CURRICULUM HE DEVELOPED WITH VIOLETTE DE MAZIA AND JOHN DEWEY, WHICH EMPHASIZES THE FORMAL ANALYSIS OF ART AND REFLECTS PROGRESSIVE EDUCATION PHILOSOPHIES OF THE 1920S. THE BARNES-DE MAZIA ADULT EDUCATION PROGRAM CONTINUED TO EXPERIENCE GREAT SUCCESS WITH ONLINE CLASSES IN 2022, ENABLING THE BARNES TO ENGAGE LARGE AND DIVERSE AUDIENCES, WITH CLASS SIZE NO LONGER LIMITED BY BUILDING CAPACITY OR GEOGRAPHICAL DISTANCE. DURING THE FIRST SIX MONTHS OF 2023, 965 STUDENTS PARTICIPATED IN 24 ONLINE CLASSES, WHILE 169 STUDENTS ATTENDED 17 IN-PERSON CLASSES. THE BARNES ALSO PROVIDED 130 NEED-BASED SCHOLARSHIPS. PROGRAM EXPENSES FOR EDUCATION INCLUDES A PRO-RATE SHARE OF DEPRECIATION AND OTHER FACILITY COSTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John J Aglialoro Trustee | Trustee | 1 | $0 |
Armando I Bengochea PHD Trustee | Trustee | 1 | $0 |
Sheldon M Bonovitz ESQ Trustee | Trustee | 1 | $0 |
Pamela D Bundy Trustee | Trustee | 1 | $0 |
Gregory E Deavens Trustee | Trustee | 1 | $0 |
David A Fleischner Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Laplaca Cohen Strategic Plan Consulting | 12/30/22 | $633,741 |
Harmelin Media Public Relations | 12/30/22 | $601,619 |
Jnf Films Ltd Special Exhibition Film Production | 12/30/22 | $535,938 |
Masterpiece International Art Transport | 12/30/22 | $517,215 |
Elliott-lewis Building Maintenance | 12/30/22 | $591,440 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $18,490,484 |
Investment income | $3,138,852 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $8,060,497 |
Net Income from Fundraising Events | -$127,858 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $600,000 |
Miscellaneous Revenue | $0 |
Total Revenue | $34,787,671 |
Statement of Expenses | |
---|---|
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. | $1,707,471 |
Compensation to disqualified persons | $8,575,720 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $233,306 |
Other employee benefits | $1,140,141 |
Payroll taxes | $753,269 |
Fees for services: Management | $0 |
Fees for services: Legal | $117,602 |
Fees for services: Accounting | $150,105 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $302,629 |
Fees for services: Investment Management | $503,971 |
Fees for services: Other | $1,988,716 |
Advertising and promotion | $478,045 |
Office expenses | $185,720 |
Information technology | $391,214 |
Royalties | $28,749 |
Occupancy | $2,146,988 |
Travel | $33,984 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $29,669 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,220,235 |
Insurance | $565,742 |
All other expenses | $0 |
Total functional expenses | $25,607,601 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,256,945 |
Pledges and grants receivable | $9,422,927 |
Accounts receivable, net | $117,691 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,166,424 |
Prepaid expenses and deferred charges | $986,049 |
Investments—publicly traded securities | $114,274,286 |
Investments—other securities | $15,346,857 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,776,861 |
Total assets | $242,934,305 |
Accounts payable and accrued expenses | $1,497,054 |
Grants payable | $0 |
Deferred revenue | $887,898 |
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 | $1,818,065 |
Total liabilities | $4,203,017 |
Net assets without donor restrictions | $113,223,454 |
Net assets with donor restrictions | $125,507,834 |
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 | $238,731,288 |