San Francisco Museum Of Modern Art
- Assets
- $808.7m
- Revenue
- $89.8m
- Investments
- $15.6m
- Employees
- 437
- Location
- San Francisco, CA
- Founding
- 04/1937
- Data as of
- 06/2022
- EIN
- 94-1156300
Organization Overview
San Francisco Museum Of Modern Art is located in San Francisco, CA. The organization was established in 1937. 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, San Francisco Museum Of Modern Art employed 437 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco Museum Of Modern Art 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, San Francisco Museum Of Modern Art generated $89.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $85.2m during the year ending 06/2022. 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
INSPIRE DIVERSE AUDIENCES THROUGH EXHIBITIONS, EDUCATION, PUBLICATIONS & COLLECTIONS
Describe the Organization's Program Activity:
SEE SCHEDULE O
ALL OTHER PROGRAM SERVICESCOLLECTORS' FORUMCOLLECTORS' FORUM IS AN ART EXPERIENCE GROUP DEDICATED TO ENCOURAGING THE COLLECTION OF MODERN AND CONTEMPORARY ART. THROUGH ANNUAL DUES, COLLECTORS' FORUM MEMBERS SUPPORT THE MUSEUM'S GENERAL OPERATING BUDGET. IN APPRECIATION OF THIS SUPPORT, COLLECTORS' FORUM MEMBERS ENJOY PROGRAMS INCLUDING IN-HOME PANEL DISCUSSIONS WITH ART EXPERTS AND THOUGHT LEADERS IN THE INDUSTRY, TRAVEL OPPORTUNITIES CENTERED AROUND THE ART MARKET AND ALL ASPECTS OF COLLECTION-BUILDING, AND RECOGNITION AS THE LEAD SPONSOR ON A PROMINENT MUSEUM EXHIBITION EACH YEAR. SECA (SOCIETY FOR THE ENCOURAGEMENT OF CONTEMPORARY ART)SECA IS AN ART EXPERIENCE GROUP WHICH CELEBRATES THE LOCAL ART SCENE AND BUILDS COMMUNITY AMONG CREATIVES AND THE ART-CURIOUS THROUGH MONTHLY EDUCATIONAL AND SOCIAL PROGRAMS. SECA MEMBERS ENJOY TOURS AND TALKS AT LOCAL ARTS ORGANIZATIONS, ARTIST-RUN SPACES, AND MORE. MEMBERS ARE ALSO INVITED TO PARTICIPATE IN THE BIENNIAL SECA ART AWARD BY NOMINATING LOCAL ARTISTS FOR THIS PRESTIGIOUS AWARD AND EXHIBITION AT SFMOMA, AND VISITING THE STUDIOS OF FINALISTS TO GAIN INSIGHTS ON THEIR WORK.
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Fisher Chair | OfficerTrustee | 3 | $0 |
Diana Nelson President | OfficerTrustee | 3 | $0 |
Charles M Collins Vice Chair | OfficerTrustee | 3 | $0 |
Mimi Haas Vice Chair | OfficerTrustee | 3 | $0 |
Maryellen C Herringer Vice Chair | OfficerTrustee | 3 | $0 |
David Mahoney Secretary / Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Service Lp Dba All Security Services | 6/29/22 | $4,217,527 |
Atthowe Fine Arts Services Artwork Installation | 6/29/22 | $2,401,605 |
Abm Onsite Services - West Inc Engineering Services | 6/29/22 | $1,287,011 |
Jpmorgan Chase Bank Na Fund Advisory | 6/29/22 | $558,007 |
Able Building Maintenance Co Janitorial Services | 6/29/22 | $1,009,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,637,985 |
| Fundraising events | $3,434,429 |
| Related organizations | $0 |
| Government grants | $12,293,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,558,901 |
| Noncash contributions included in lines 1a–1f | $1,156,179 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,925,102 |
| Total Program Service Revenue | $6,618,499 |
| Investment income | $7,786,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $523,418 |
| Net Gain/Loss on Asset Sales | $9,466,516 |
| Net Income from Fundraising Events | -$1,237,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,484,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,774,720 |
| 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. | $2,149,816 |
| Compensation of current officers, directors, key employees. | $763,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,543,141 |
| Pension plan accruals and contributions | $851,791 |
| Other employee benefits | $3,182,188 |
| Payroll taxes | $2,287,100 |
| Fees for services: Management | $3,046,898 |
| Fees for services: Legal | $285,437 |
| Fees for services: Accounting | $146,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $312,546 |
| Fees for services: Investment Management | $702,438 |
| Fees for services: Other | $298,868 |
| Advertising and promotion | $1,151,792 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $659,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $897,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,383,998 |
| Insurance | $1,578,710 |
| All other expenses | $7,818,628 |
| Total functional expenses | $85,247,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,771,712 |
| Savings and temporary cash investments | $5,068,499 |
| Pledges and grants receivable | $4,352,930 |
| Accounts receivable, net | $1,001,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,024,775 |
| Prepaid expenses and deferred charges | $6,364,407 |
| Net Land, buildings, and equipment | $360,836,554 |
| Investments—publicly traded securities | $400,045,619 |
| Investments—other securities | $15,575,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $640,505 |
| Total assets | $808,682,158 |
| Accounts payable and accrued expenses | $10,889,082 |
| Grants payable | $0 |
| Deferred revenue | $2,816,677 |
| 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 | $29,879,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,585,419 |
| Net assets without donor restrictions | $489,180,978 |
| Net assets with donor restrictions | $275,915,761 |
| 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 | $808,682,158 |