The Chrysler Museum Inc is located in Norfolk, VA. The organization was established in 1980. 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, Chrysler Museum Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chrysler Museum 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, Chrysler Museum Inc generated $34.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $12.8m during the year ending 06/2022. While expenses have increased by 4.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM EXISTS TO PRESENT, PRESERVE, & INTERPRET WORKS OF ART FOR THE WELL-BEING OF THE PUBLIC.
Describe the Organization's Program Activity:
THE CHRYSLER MUSEUM OF ART IS AN EDUCATIONAL INSTITUTION THAT IS FREE AND OPEN TO THE PUBLIC. THE MUSEUM PRESENTS CHANGING EXHIBITIONS AS WELL AS A BROAD PERMANENT COLLECTION FROM A WIDE ARRAY OF CULTURES AND TIMES. TO THIS END, THE MUSEUM COLLECTS, PRESERVES, DISPLAYS AND INTERPRETS ORIGINAL WORKS OF ART FOR THE ENJOYMENT AND EDUCATION OF A DIVERSE CONSTITUENCY. IN NOVEMBER 2011, THE MUSEUM OPERATES A GLASS MAKING STUDIO ADJACENT TO ITS MAIN BUILDING. THE STUDIO OFFERS A FULL PROGRAM OF PUBLIC DEMONSTRATIONS AND CLASSES AS WELL AS A ROBUST SET OF EDUCATIONAL PARTNERSHIPS WITH REGIONAL COLLEGES AND UNIVERSITIES AND A DYNAMIC VISITING ARTIST PROGRAM. STUDIO PROGRAMMING IS DESIGNED TO COMPLEMENT AND ENRICH THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE MUSEUM'S OUTSTANDING COLLECTION OF HISTORICAL GLASS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erik H Neil Executive Director | Officer | 40 | $272,165 |
Heather Sherwin Director Of Development | 40 | $135,871 | |
Dana Fuqua Deputy Director For Operations | Officer | 40 | $129,170 |
Seth Feman Deputy Director For Art & Intrepretation | Officer | 40 | $108,834 |
Colleen Higginbotham Deputy Director For Visitor Services | Officer | 40 | $107,622 |
Kirk Levy Trustee | OfficerTrustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Work Program Architects Architects | 6/29/22 | $767,990 |
Masterpiece International Art Shipping | 6/29/22 | $506,507 |
Community Counseling Service Campaign Consultants | 6/29/22 | $403,606 |
Electronic Systems It Services | 6/29/22 | $100,604 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,098,624 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,680,718 |
All other contributions, gifts, grants, and similar amounts not included above | $21,417,652 |
Noncash contributions included in lines 1a–1f | $5,501,468 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,196,994 |
Total Program Service Revenue | $1,161,846 |
Investment income | $1,081,041 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $49,254 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,317,948 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $173,759 |
Miscellaneous Revenue | $0 |
Total Revenue | $33,956,756 |
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. | $668,226 |
Compensation of current officers, directors, key employees. | $205,801 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,754,781 |
Pension plan accruals and contributions | $110,605 |
Other employee benefits | $302,603 |
Payroll taxes | $309,247 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $53,470 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $403,606 |
Fees for services: Investment Management | $524,689 |
Fees for services: Other | $1,838,747 |
Advertising and promotion | $224,655 |
Office expenses | $801,535 |
Information technology | $135,715 |
Royalties | $0 |
Occupancy | $574,089 |
Travel | $67,978 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $56,561 |
Interest | $13,898 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $62,128 |
Insurance | $177,246 |
All other expenses | $0 |
Total functional expenses | $12,759,865 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $23,226,212 |
Pledges and grants receivable | $7,170,594 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $123,172 |
Prepaid expenses and deferred charges | $727,916 |
Net Land, buildings, and equipment | $313,014 |
Investments—publicly traded securities | $44,699,509 |
Investments—other securities | $49,971,637 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $641,441 |
Total assets | $126,873,495 |
Accounts payable and accrued expenses | $1,337,478 |
Grants payable | $0 |
Deferred revenue | $280,946 |
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 | $304,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,922,424 |
Net assets without donor restrictions | $33,485,135 |
Net assets with donor restrictions | $91,465,936 |
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 | $126,873,495 |
Over the last fiscal year, we have identified 18 grants that The Chrysler Museum Inc has recieved totaling $562,251.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $105,005 |
Sherman Fairchild Foundation Inc Chevy Chase, MD PURPOSE: SMALL MUSEUM CONSERVATION - PHASE IV | $100,000 |
Business Consortium For Arts Supp Norfolk, VA PURPOSE: ART SUPPORT | $97,020 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $51,963 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: FOR THE CAMPAIGN FOR THE NEXT 50 YEARS | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,020 |
Beg. Balance | $92,893,254 |
Earnings | -$7,205,054 |
Net Contributions | $5,205,222 |
Other Expense | $3,456,202 |
Ending Balance | $87,437,220 |
Organization Name | Assets | Revenue |
---|---|---|
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
Phillips Collection Washington, DC | $115,569,748 | $10,501,207 |
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Mint Museum Of Art Inc Charlotte, NC | $80,854,701 | $6,923,462 |
National Museum Of Women In The Arts Inc Washington, DC | $143,899,060 | $28,831,292 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |