Design Museum Foundation Inc
- Assets
- $348.2k
- Revenue
- $567.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Boston, MA
- Founding
- 07/2012
- Data as of
- 06/2022
- EIN
- 27-0816164
Organization Overview
Design Museum Foundation Inc is located in Boston, MA. The organization was established in 2012. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Design Museum Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Design Museum Foundation 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 06/2022, Design Museum Foundation Inc generated $567.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $906.9k during the year ending 06/2022. While expenses have increased by 9.0% 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
TO EDUCATE THE WORLD ON THE ROLE OF DESIGN IN OUR LIVES AND TO UNITE THE COMMUNITY IN WAYS THAT ENRICH OUR COLLECTIVE WORK, MAKE BUSINESSES MORE COMPETITIVE AND SOLVE REAL-WORLD PROBLEMS MORE CREATIVELY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGN MUSEUM'S FREE, PUBLIC EXHIBITIONS FEATURE TOPICS WITHIN OUR IMPACT AREAS FROM SUSTAINABILITY AND HEALTHCARE DESIGN TO THE DESIGN OF PLAY. THESE ARE IMMERSIVE MUSEUM EXPERIENCES IN PUBLIC SPACES AND AT HOST VENUES, INCLUDING LARGE-SCALE GRAPHICS, VISUAL STORY-TELLING, CASE STUDIES, ARTIST AND DESIGNER PROFILES, DESIGN ARTIFACTS AND EXAMPLES, VIDEO, AND DATA VISUALIZATIONS. EACH EXHIBITION IS DEVELOPED COLLABORATIVELY WITH A VOLUNTEER CONTENT ADVISORY COMMITTEE A GROUP OF DESIGN EXPERTS AND LEADERS IN THE CONTENT AREA OF EACH EXHIBITION. OUR EXHIBITIONS ARE ALSO AVAILABLE ONLINE TO BE ACCESSIBLE TO ALL. IN 2022, THESE EXHIBITIONS, IN PERSON AND ONLINE, HAVE REACHED ABOUT 77,000 INDIVIDUALS.
IN CONJUNCTION WITH OUR EXHIBITIONS AND EVENTS, DESIGN MUSEUM EVERYWHERE DEVELOPS PUBLICATIONS OUT OF OUR PUBLISHING ARM, DESIGN MUSEUM PRESS. DESIGN MUSEUM PRODUCES AND PUBLISHES ACCESSIBLE DESIGN THOUGHT LEADERSHIP CONTENT THROUGH VARIOUS CHANNELS, WITH CONTENT SOURCED AND DEVELOPED THROUGH A VOLUNTEER NETWORK OF THINK TANK MEMBERS AND PARTICIPATING THOUGHT LEADERS IN THE FORM OF MAGAZINES, BOOKS, ARTICLES, PODCASTS, INTERVIEWS, AND VIDEOS. DESIGN MUSEUM ALSO PUBLISHES CONTENT ON OUR WEBSITE, SO THE INFORMATION IS FREE AND AVAILABLE TO THE PUBLIC. PUBLISHED CONTENT INCLUDES DESIGN MUSEUM MAGAZINE, A QUARTERLY FOCUSED ON ONE IMPACT AREA PER ISSUE. THE MUSEUM'S DESIGN IS EVERYWHERE PODCAST IS A FREE, AWARD-WINNING WEEKLY PODCAST FEATURES STORIES OF PEOPLE AND ORGANIZATIONS USING DESIGN TO MAKE AN IMPACT AND CHANGE THE WORLD. MAGAZINE READERSHIP IS ABOUT 1,200 MEMBERS.
DESIGN MUSEUM PRODUCES PUBLIC EVENTS IN PARTNER VENUES ACROSS BOSTON AND PORTLAND AS WELL AS ONLINE, INCLUDING KEYNOTE PRESENTATIONS, PANEL DISCUSSIONS, TOWN HALLS, EXPERT ROUNDTABLE CONVERSATIONS, FIELD TRIPS, AND WORKSHOPS. MEET THE MUSEUM IS A FREE, MONTHLY EVENT SERIES AIMED AT INTRODUCING THE DESIGN MUSEUM TO NEW COMMUNITIES IN AND AROUND BOSTON, PORTLAND, AND ONLINE. DESIGN MUSEUM PRODUCES INTERACTIVE WORKSHOPS FOR CHILDREN AND ADULTS FEATURING DESIGN FACILITATORS AND HANDS-ON LEARNING EXPERIENCES. DESIGN MUSEUM LIVE AND DESIGN MUSEUM MORNINGS ARE A SERIES OF VIRTUAL, HYBRID, AND IN PERSON EVENTS FEATURING TALKS AND CONVERSATIONS ON OUR 12 IMPACT AREAS WITH DESIGN THOUGHT LEADERS AROUND THE WORLD, INCLUDING LIVE STREAMS AND WEBINARS, DEMONSTRATIONS, AND ACTIONABLE KNOWLEDGE. IN 2022, ABOUT 1,200 INDIVIDUALS ATTENDED OUR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Aquillano Executive Director | OfficerTrustee | 40 | $54,476 |
George White Board Chair | OfficerTrustee | 0 | $0 |
Tom Dilillo Treasurer | OfficerTrustee | 0 | $0 |
Amy Winterowd Secretary | OfficerTrustee | 0 | $0 |
Ashley Dunn Faciliator | OfficerTrustee | 0 | $0 |
Leila Mitchell Vice Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $112,621 |
| Fundraising events | $9,242 |
| Related organizations | $0 |
| Government grants | $96,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,751 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,255 |
| 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. | $113,724 |
| Compensation of current officers, directors, key employees. | $56,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $462,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,212 |
| Payroll taxes | $47,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,753 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,597 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $449 |
| Insurance | $19,159 |
| All other expenses | $21,150 |
| Total functional expenses | $906,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,750 |
| Accounts receivable, net | $18,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,809 |
| Prepaid expenses and deferred charges | $3,424 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $348,197 |
| Accounts payable and accrued expenses | $72,443 |
| Grants payable | $0 |
| Deferred revenue | $79,216 |
| 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 | $476,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $627,959 |
| Net assets without donor restrictions | -$333,512 |
| Net assets with donor restrictions | $53,750 |
| 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 | $348,197 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Design Museum Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Cambridge Community Foundation Cambridge, MA PURPOSE: PROGRAM ASSISTANCE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Williamstown Art Conservation Center Inc Williamstown, MA | $5,527,048 | $2,431,960 |
Waterfire Providence Providence, RI | $10,698,557 | $2,564,695 |