The Chrysler Museum Inc

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Work Program Architects
Architects
$767,990
Masterpiece International
Art Shipping
$506,507
Community Counseling Service
Campaign Consultants
$403,606
Electronic Systems
It Services
$100,604
View All Vendors

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 18 grants that The Chrysler Museum Inc has recieved totaling $562,251.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$92,893,254
Earnings-$7,205,054
Net Contributions$5,205,222
Other Expense$3,456,202
Ending Balance$87,437,220

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