Philbrook Museum Of Art Inc
- Assets
- $69.9m
- Revenue
- $10.9m
- Investments
- $6.3m
- Employees
- 167
- Location
- Tulsa, OK
- Founding
- 12/1984
- Data as of
- 06/2022
- EIN
- 73-0579279
Organization Overview
Philbrook Museum Of Art Inc is located in Tulsa, OK. The organization was established in 1984. 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, Philbrook Museum Of Art Inc employed 167 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Philbrook Museum Of Art 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, Philbrook Museum Of Art Inc generated $10.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. 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
ART MUSEUM COMPLEX: HISTORIC HOUSE, ART COLLECTIONS, GALLERIES, FORMAL GARDENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS: MAINTAIN THE FACILITY FOR PUBLIC VIEWING OF ART COLLECTIONS. THE MUSEUM'S HISTORIC STRUCTURES AND STATE-OF-THE-ART FACILITIES PROVIDE A UNIQUE PLATFORM OF EXPERIENCE FOR OUR VISITORS. OUR EFFORTS ALSO PRESERVE AN IMPORTANT ELEMENT OF TULSA'S HISTORY WHILE SERVING AS A DEFINING RESOURCE FOR OUR COMMUNITY AND REGION.
EXHIBITS AND PERMANENT ART COLLECTION MAINTENANCE: ENSURE THE QUALITY OF PERMANENT ART COLLECTIONS AND PROVIDE SPECIAL TOURING EXHIBITS AND PROGRAMS TO ENHANCE ART APPRECIATION. THE MUSEUM'S PERMANENT COLLECTION OFFERS VISITORS A BROAD VIEW OF MAJOR ART MOVEMENTS IN WESTERN CIVILIZATION, AS WELL AS SUPERB EXAMPLES OF NON-WESTERN AESTHETIC EXPRESSION. IN ADDITION, THE MUSEUM PROVIDES APPROXIMATELY 8 SPECIAL/TEMPORARY EXHIBITIONS ANNUALLY. THESE EXHIBITIONS STRIVE TO PRESENT THE FINEST EXAMPLES OF ARTISTIC ACHIEVEMENT AVAILABLE WHILE PROVIDING A FOIL OR COMPLEMENT TO THE WORKS ON SEMI-PERMANENT DISPLAY WITHIN OUR GALLERIES. IN FY2022, 129,070 PEOPLE VISITED THE MUSEUM.
EDUCATION: INCREASE PUBLIC KNOWLEDGE OF ART THROUGH EDUCATIONAL PROGRAMMING. INCREASING THE RELEVANCE OF THE VISUAL ARTS WITHIN THE DAILY LIVES OF OUR VISITORS IS ONE OF THE MUSEUM'S KEY OBJECTIVES. OUR EDUCATIONAL EFFORTS FOCUS ON ENGAGING AN EXPANDING AUDIENCE WITH THE BEAUTY, CHALLENGES, HISTORIES, AND INSPIRATION OF A COMPLEX CULTURE AND ITS VISUAL EXPRESSION. VARIOUS PROGRAMS ARE AVAILABLE FOR ADULTS, CHILDREN, AND FAMILIES INCLUDING ART CLASSES, LECTURES, INTERACTIVE PROGRAMMING, AND SELF-GUIDED ART ACTIVITIES. THERE IS ALSO AN ACTIVE DOCENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Stulen Ceo/president | OfficerTrustee | 35 | $442,700 |
Paul Nelson CFO | Officer | 35 | $141,231 |
Megan Nesbit Deputy Director | 35 | $118,174 | |
Joseph Craft Chair-Elect | OfficerTrustee | 0.25 | $0 |
Barbara Heyman Secretary | OfficerTrustee | 0.25 | $0 |
Scott Vaughn Finance Chair | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Rosenfeld Gallery Art Acquisition | 6/29/21 | $120,000 |
Gitwit Digital Marketing | 6/29/21 | $113,656 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $275,968 |
| Fundraising events | $2,284,209 |
| Related organizations | $0 |
| Government grants | $45,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,283,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,889,377 |
| Total Program Service Revenue | $1,169,104 |
| Investment income | $1,150,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,636,279 |
| Net Income from Fundraising Events | $733,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $276,229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,854,241 |
| 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. | $770,816 |
| Compensation of current officers, directors, key employees. | $231,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,352,498 |
| Pension plan accruals and contributions | $305,605 |
| Other employee benefits | $451,152 |
| Payroll taxes | $292,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,817 |
| Fees for services: Accounting | $24,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,718 |
| Fees for services: Other | $15,026 |
| Advertising and promotion | $176,317 |
| Office expenses | $30,431 |
| Information technology | $5,565 |
| Royalties | $0 |
| Occupancy | $579,846 |
| Travel | $30,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,394 |
| Interest | $30,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $537,508 |
| Insurance | $165,946 |
| All other expenses | $333,179 |
| Total functional expenses | $8,179,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,326,954 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,022 |
| Inventories for sale or use | $150,614 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,333,150 |
| Investments—publicly traded securities | $50,554,744 |
| Investments—other securities | $6,293,741 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,180,606 |
| Total assets | $69,878,004 |
| Accounts payable and accrued expenses | $1,819,499 |
| Grants payable | $0 |
| Deferred revenue | $889,749 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $2,809,248 |
| Net assets without donor restrictions | $26,236,652 |
| Net assets with donor restrictions | $40,832,104 |
| 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 | $69,878,004 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Philbrook Museum Of Art Inc has recieved totaling $918,134.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $544,299 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $148,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $77,152 |
Rita L Willis Foundation Tulsa, OK PURPOSE: GENERAL SUPPORT | $71,366 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: GENERAL OPERATING EXPENSES | $50,000 |
Arts Midwest Minneapolis, MN PURPOSE: Big Read | $15,000 |
Endowment Analysis
| Beg. Balance | $48,423,772 |
| Earnings | -$4,422,526 |
| Admin Expense | $164,718 |
| Other Expense | $2,144,513 |
| Ending Balance | $41,692,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |
Chinati Foundation Marfa, TX | $22,539,497 | $3,562,112 |