Denver Art Museum Inc is located in Denver, CO. The organization was established in 1935. 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 09/2023, Denver Art Museum Inc employed 618 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Art 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 09/2022, Denver Art Museum Inc generated $57.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $49.5m during the year ending 09/2022. While expenses have increased by 4.0% 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
THE PRIMARY MISSION OF THE DENVER ART MUSEUM IS TO ENRICH THE LIVES OF PRESENT AND FUTURE GENERATIONS THROUGH THE ACQUISITION, PRESENTATION, AND PRESERVATION OF WORKS OF ART, SUPPORTED BY EXEMPLARY SCHOLARSHIP AND PUBLIC PROGRAMS RELATED BOTH TO ITS PERMANENT COLLECTIONS AND TO TEMPORARY EXHIBITIONS PRESENTED BY THE MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS AND COLLECTIONS: EACH YEAR, THE DENVER ART MUSEUM (DAM) PRESENTS TEMPORARY AND TRAVELING EXHIBITIONS OF ART FROM AROUND THE WORLD. AMONG THE HIGHLIGHTS IN 2023 WERE SPEAKING WITH LIGHT: CONTEMPORARY INDIGENOUS PHOTOGRAPHY, NEAR EAST TO FAR WEST: FICTIONS OF FRENCH AND AMERICAN COLONIALISM, AND AMOAKO BOAFO: SOUL OF BLACK FOLKS, THE DEBUT MUSEUM SOLO EXHIBITION FOR THE GHANAIAN ARTIST. DESERT RIDER: DREAMING IN MOTION EXPLORED MODES OF TRANSPORTATION IN THE SOUTHWEST AND THE WAYS THAT LATINO/A, CHICANO/A, INDIGENOUS, AND LGBTQ+ ARTISTS FIND AND EXPRESS THEIR CREATIVE IDENTITY IN THE LOWRIDER AND SKATEBOARDING SUBCULTURES. SAINTS, SINNERS, LOVERS, AND FOOLS: 300 YEARS OF FLEMISH MASTERWORKS, CO-ORGANIZED WITH THE BELGIUM-BASED PHOEBUS FOUNDATION FEATURED MASTER WORKS THAT HAD NEVER-BEFORE BEEN SEEN IN THE UNITED STATES. IN THE GALLERIES, THE MODERN & CONTEMPORARY COLLECTION RETURNED TO VIEW IN THE HAMILTON BUILDING AFTER A FOUR-YEAR CLOSURE DURING MARTIN BUILDING RENOVATIONS. OTHER PERMANENT COLLECTION GALLERIES RETURNING IN 2023 WERE ARTS OF AFRICA AND ARTS OF OCEANIA.
OTHER PROGRAM SERVICES INCLUDED IN THIS CAPTION ARE THE ACTIVITIES ASSOCIATED WITH THE GIFT SHOP, RESTAURANT, AND OTHER FACILITIES DESIGNED TO ENHANCE THE VISITOR'S OVERALL MUSEUM EXPERIENCE.
PREMISES & BUILDINGS: THESE COSTS INCLUDE ALL EXPENDITURES ASSOCIATED WITH THE DAY-TO-DAY OPERATIONS OF THE MUSEUM'S FACILITIES. EXHIBITION AND PERMANENT GALLERIES DISPLAYED A VARIETY OF ARTWORK FOR THE PUBLIC'S ENJOYMENT WHILE THE MUSEUM'S PUBLIC SPACES ENABLE MUSEUM STAFF AND VOLUNTEERS TO CONDUCT FREQUENT LEARNING AND ENGAGEMENT PROGRAMS INCLUDING TOURS, PUBLIC TALKS, INTERPRETIVE PROGRAMS, ART-MAKING ACTIVITIES, AND MORE. THE PREMISES AND BUILDINGS PROVIDE AMPLE SPACE FOR MISSION-DRIVEN PROGRAMMING AIMED AT ENRICHING THE LIVES OF THIS AND FUTURE GENERATIONS, AND FOR WHICH THE MUSEUM HAS BEEN INTERNATIONALLY RECOGNIZED.
LEARNING AND ENGAGEMENT PROGRAMS: THE DENVER ART MUSEUM (DAM) BELIEVES THAT ART CAN MAKE A DIFFERENCE IN PEOPLE'S LIVES BY CELEBRATING CREATIVITY AND INSPIRING GREATER UNDERSTANDING OF AND CONNECTION WITH THE WORLD. TO FULFILL THIS VISION, THE DAM'S DEPARTMENT OF LEARNING AND ENGAGEMENT (L&E) IMAGINES AND REALIZES INTERPRETATIVE STRATEGIES, PHYSICAL ENVIRONMENTS, PROGRAMS, EVENTS, AND PARTNERSHIPS THAT CONNECT TO AUDIENCES AT THE MUSEUM, IN COMMUNITIES, AND ONLINE. THE L&E TEAM HAVE DEVELOPED AN IMPACT FRAMEWORK THAT GUIDES ALL PROGRAM DEVELOPMENT AND DELIVERY. STRATEGIES FOR HOW WE ACHIEVE ART AND CREATIVITY EXPERIENCES PRIORITIZE CULTIVATING A WELCOMING ENVIRONMENT FOR PEOPLE OF DIVERSE BACKGROUNDS, ABILITIES, AND PERSPECTIVES. WE CO-VISION WITH AUDIENCES AND STAKEHOLDERS USING HUMAN-CENTERED DESIGN PRINCIPLES SO THAT NOTHING ABOUT A GROUP OF PEOPLE HAPPENS WITHOUT THEIR ENGAGEMENT AND BUY-IN. WE ARE ALSO COMMITTED TO GROWING AS LEADERS IN CREATIVITY, EXPERIMENTATION, AND INNOVATION AND TO BUILDING AND LEARNING IN PUBLIC - SHARING OUR PROCESS, CHALLENGES, AND WINS WITH THE FIELD. THROUGH ITS PROGRAMS, THE MUSEUM STRIVES TO CULTIVATE IN VISITORS IN THE MUSEUM AND RECIPIENTS OF IN-COMMUNITY PROGRAMS A SENSE OF WELLBEING THROUGH ART AND CREATIVITY EXPERIENCES THAT SUPPORT PERSONAL GROWTH, PRIDE, SELF- WORTH AND CONNECTEDNESS, CONTRIBUTING TO PERSONAL AND COMMUNITY HEALTH AND HAPPINESS IN THE PROCESS. WE SEEK TO ENGENDER A SENSE OF BELONGING THROUGH ART AND CREATIVITY EXPERIENCES THAT BUILD CONNECTIONS, CONFIDENCE, AND A SENSE OF OWNERSHIP WHEN THEY INCLUDE AND WELCOME PEOPLE OF ALL AGES, CULTURAL BACKGROUNDS, AND ABILITIES. AND WE HOPE THAT THESE EXPERIENCES BUILD AND SUSTAIN EMPATHY THROUGH EXPERIENCES THAT IMPROVE OUR ABILITY TO UNDERSTAND AND SHARE THE FEELINGS OF OTHERS, FOSTERING INTERCONNECTEDNESS WITHIN AND AMONG COMMUNITIES. L&E PROGRAMS AT THE DAM SERVE INDIVIDUALS OF ALL AGES, ABILITIES, AND BACKGROUNDS, AND CAN BE SUMMARIZED UNDER THE FOLLOWING CATEGORIES: YOUTH AND FAMILY PROGRAMS SCHOOL AND TEACHER PROGRAMS LIFELONG LEARNING AND ACCESSIBILITY IN-GALLERY INTERPRETATION CREATIVE AND PUBLIC ENGAGEMENT PROGRAMS OUTREACH AND IN-COMMUNITY PROGRAMS THE DAM VALUES ITS COMMUNITY PARTNERSHIPS AND ENGAGES SERVICE ORGANIZATIONS, COMMUNITY AND BUSINESS LEADERS, GOVERNMENT OFFICIALS, AND COMMUNITY REPRESENTATIVES THROUGH STANDING ADVISORY COMMITTEES (E.G., YOUTH ADVISORY GROUPS, CREATIVE AGING FORUM, ACCESS ADVISORY COMMITTEE, LATINO AUDIENCE ALLIANCE, AND OTHERS). AD HOC COMMITTEES SUPPORT IN-GALLERY INTERPRETATION AND PROGRAMS TO HELP CREATE INCLUSIVE EXPERIENCES THAT REPRESENT A DIVERSE RANGE OF VOICES (E.G., ARTISTS, CURATORS, SCHOLARS, NON-ART EXPERTS, COMMUNITY MEMBERS, AND MORE). THE L&E DEPARTMENT IS ALSO A LEADER IN THE FIELD OF MUSEUM EDUCATION, REGULARLY HOSTING NATIONAL AND INTERNATIONAL MUSEUM COLLEAGUES, PRESENTING AT NATIONAL CONFERENCES, AND SHARING LEARNINGS AND BEST PRACTICES WITH THE MUSEUM FIELD. ALL MUSEUM-PRODUCED REPORTS ARE ACCESSIBLE ON THE MUSEUM'S WEBSITE UNDER 'RESEARCH & REPORTS.'
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christoph Heinrich Director | Officer | 40 | $414,603 |
Andrea Fulton Deputy Direc | Officer | 40 | $228,283 |
Curtis Woitte Deputy Direc | Officer | 40 | $223,811 |
Arpie Chucovich Chief Dev. O | 40 | $172,056 | |
Bryon Thornburgh COO | 40 | $166,478 | |
Vincent Leon Dir Of Techn | 40 | $125,849 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Long Building Technologies Inc Hvac | 9/29/23 | $230,760 |
Dcps Cleaning Llc Painting | 9/29/23 | $1,168,160 |
Scott A Skinner 133450 | 9/29/23 | $133,450 |
Snell & Wilmer Llp Legal | 9/29/23 | $134,717 |
South Valley Drywall Fabrication | 9/29/23 | $177,350 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,586,786 |
Fundraising events | $1,418,008 |
Related organizations | $7,403,783 |
Government grants | $13,427,717 |
All other contributions, gifts, grants, and similar amounts not included above | $24,601,972 |
Noncash contributions included in lines 1a–1f | $1,582,032 |
Total Revenue from Contributions, Gifts, Grants & Similar | $50,438,266 |
Total Program Service Revenue | $3,855,855 |
Investment income | $133,542 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $782,153 |
Net Gain/Loss on Asset Sales | $241,908 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,375,679 |
Miscellaneous Revenue | $0 |
Total Revenue | $57,180,332 |
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. | $1,115,130 |
Compensation of current officers, directors, key employees. | $629,559 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $19,913,627 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,882,363 |
Advertising and promotion | $0 |
Office expenses | $129,018 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,275,290 |
Travel | $220,842 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,205,428 |
Insurance | $0 |
All other expenses | $4,628,752 |
Total functional expenses | $49,505,633 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $951,290 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $28,925,813 |
Accounts receivable, net | $3,806,219 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $455,410 |
Prepaid expenses and deferred charges | $799,680 |
Net Land, buildings, and equipment | $142,042,337 |
Investments—publicly traded securities | $19,347,927 |
Investments—other securities | $3,931,948 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,415,724 |
Total assets | $201,676,348 |
Accounts payable and accrued expenses | $3,984,542 |
Grants payable | $0 |
Deferred revenue | $1,366,801 |
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 | $1,146,258 |
Total liabilities | $6,497,601 |
Net assets without donor restrictions | $168,391,276 |
Net assets with donor restrictions | $26,787,471 |
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 | $201,676,348 |