San Francisco Museum Of Modern Art
- Assets
- $782.5m
- Revenue
- $60.8m
- Investments
- $13.6m
- Employees
- 556
- Location
- San Francisco, CA
- Founding
- 04/1937
- Data as of
- 06/2020
- 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 06/2021, San Francisco Museum Of Modern Art employed 556 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 06/2020, San Francisco Museum Of Modern Art generated $60.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $98.6m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE DIVERSE AUDIENCES THROUGH EXHIBITIONS, EDUCATION, PUBLICATIONS & COLLECTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
COLLECTORS' 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Garrels Senior Curator P&s | 40 | $728,466 | |
Neal Benezra Museum Director | Officer | 40 | $621,479 |
Nancy Keeton Deputy Director (thru Jul 2020) | Officer | 40 | $590,236 |
Janet Bishop Chief Curator & Curator | 40 | $296,137 | |
Samantha Leo Chief Philanthropy Off | 40 | $275,935 | |
Chad Coerver Chief Ed. & Ce | 40 | $248,837 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Service Lp Security Services | 6/29/21 | $2,858,412 |
Jpmorgan Chase Bank Na Fund Advisory | 6/29/21 | $485,509 |
Able Building Maintenance Co Janitorial Services | 6/29/21 | $720,851 |
Abm Onsite Services - West Inc Engineering Services | 6/29/21 | $1,156,266 |
Michael H Williams Dba Mike Williams Dry Drywall Services | 6/29/21 | $715,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,602,276 |
| Investment income | $7,761,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $539,878 |
| Net Gain/Loss on Asset Sales | -$2,829,949 |
| Net Income from Fundraising Events | -$387,693 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,819,072 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,826,981 |
| Statement of Expenses | |
|---|---|
| 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. | $2,170,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,371,761 |
| Pension plan accruals and contributions | $986,974 |
| Other employee benefits | $3,568,549 |
| Payroll taxes | $2,378,823 |
| Fees for services: Management | $2,659,630 |
| Fees for services: Legal | $247,017 |
| Fees for services: Accounting | $130,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $249,380 |
| Fees for services: Investment Management | $609,955 |
| Fees for services: Other | $0 |
| Advertising and promotion | $878,365 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $550,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $899,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,306,256 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $98,612,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,202,961 |
| Savings and temporary cash investments | $5,067,825 |
| Pledges and grants receivable | $16,531,390 |
| Accounts receivable, net | $756,616 |
| Loans from Officers, Directors, or Controlling Persons | $500,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,253,384 |
| Prepaid expenses and deferred charges | $4,087,924 |
| Investments—publicly traded securities | $347,231,576 |
| Investments—other securities | $13,634,225 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $640,505 |
| Total assets | $782,459,375 |
| Accounts payable and accrued expenses | $9,479,321 |
| Grants payable | $0 |
| Deferred revenue | $702,855 |
| 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 | $29,833,817 |
| Unsecured mortgages and notes payable | $6,163,777 |
| Other liabilities | $0 |
| Total liabilities | $46,179,770 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $736,279,605 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that San Francisco Museum Of Modern Art has recieved totaling $76,250.
| Awarding Organization | Amount |
|---|---|
Lamond Family Foundation Palo Alto, CA PURPOSE: SUPPORT OF THE ARTS AT THE SAN FRANCISCO MUSEUM OF MODERN ART. | $55,000 |
Shelby And Frederick Gans Foundation West Hollywood, CA PURPOSE: GENERAL USE | $20,000 |
Tom & Myrna Frankel Foundation San Francisco, CA PURPOSE: UNRESTRICTED | $1,250 |
Endowment Analysis
| Beg. Balance | $345,541,800 |
| Earnings | $89,271,817 |
| Net Contributions | $9,602,867 |
| Other Expense | $12,483,067 |
| Ending Balance | $431,933,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Associates Los Angeles, CA | $953,222,642 | $287,095,183 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Asian Art Museum Foundation Of San Francisco San Francisco, CA | $256,031,716 | $41,593,816 |
Armand Hammer Museum Of Art And Cultural Center Inc Los Angeles, CA | $286,371,378 | $27,039,549 |
Portland Art Museum Portland, OR | $150,113,696 | $27,542,215 |
The Broad Los Angeles, CA | $573,557,667 | $36,313,761 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
San Diego Museum Of Art San Diego, CA | $78,902,831 | $13,995,818 |
Honolulu Museum Of Art Honolulu, HI | $136,524,458 | $12,640,830 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |