Corporation Of The Fine Arts Museums
- Assets
- $25.3m
- Revenue
- $33.2m
- Investments
- $0.0
- Employees
- 370
- Location
- San Francisco, CA
- Founding
- 09/1987
- Data as of
- 06/2021
- EIN
- 94-3045948
Organization Overview
Corporation Of The Fine Arts Museums is located in San Francisco, CA. The organization was established in 1987. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Corporation Of The Fine Arts Museums employed 370 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation Of The Fine Arts Museums 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 06/2021, Corporation Of The Fine Arts Museums generated $33.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $35.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A RICH AND DIVERSIFIED EXPERIENCE OF ART AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - COFAM PRESENTED 11 EXHIBITIONS IN THE DE YOUNG AND LEGION OF HONOR DURING FYE JUNE 30, 2021. THIS WAS A DECREASE FROM THE PRIOR YEAR, LARGELY DUE TO THE MUSEUM'S COVID CLOSURE FOR ALMOST 6 MONTHS OF THE FISCAL YEAR AND REDUCED ATTENDANCE REQUIREMENTS. THE WIDE RANGE OF EXHIBITIONS REFLECTS THE ENCYCLOPEDIC NATURE OF THE MUSEUMS, AND INCLUDED: UNCANNY VALLEY: BEING HUMAN IN THE AGE OF AI; FRIDA KAHLO: APEARANCES CAN BE DECEIVING; DE YOUNG OPEN FEATURING UPCOMING BAY AREA ARTISTS; CALDER-PICASSO; LAST SUPPER IN POMPEII FROM THE TABLE TO THE GRAVE & WANGECHI MUTU: I'M SPEAKING ARE YOU LISTENING? THE MUSEUMS WELCOMED 303,000 GUESTS IN FISCAL 2021, WHICH WAS LOWER THAN THE PRIOR YEAR DUE TO EXTENDED COVID CLOSURES AND RELATED STATUTORY LIMITS ON ATTENDANCE DUE TO CITY REQUIREMENTS.
COLLECTIONS RESEARCH, CARE AND CONSERVATION - COFAM'S STAFF INCLUDE CURATORS, REGISTRARS AND CONSERVATORS WHO HANDLE, RESEARCH AND CARE FOR THE CITY'S SIGNIFICANT PERMANENT COLLECTIONS HOUSED AND EXHIBITED AT THE DE YOUNG AND LEGION OF HONOR, AS WELL AS WORKS BORROWED FROM OTHER INSTITUTIONS AND PRIVATE COLLECTIONS FOR SPECIAL EXHIBITIONS. CARE AND RESEARCH EXTEND TO A ROBUST PROGRAM OF NEW ACQUISITIONS.
EDUCATION AND PUBLIC PROGRAMS - COFAM OFFERS AN EXTENSIVE ARRAY OF EDUCATION AND PUBLIC PROGRAMS, INCLUDING FREE SCHOOL GROUP VISITS AND PROGRAMMING, AND FAMILY PROGRAMS. WE PARTNER WITH COMMUNITY GROUPS, ADVISORS AND ARTISTS TO CREATE HIGH QUALITY AND RELEVANT PROGRAMS. WE ALSO PROVIDE EDUCATIONAL TRAINING, CLASSROOM MATERIALS AND CURRICULA, AND SUPPORT TO ART PROFESSIONALS, STUDENTS, RESEARCHERS, AND TEACHERS. COFAM CONTINUES TO INNOVATE ITS EDUCATION AND PUBLIC PROGRAMS TO ASSURE EVERYONE FEELS WELCOME AND COMFORTABLE AT THE MUSEUMS, AND ABLE TO ACCESS AND DIGEST INFORMATION IN A VARIETY OF WAYS. FOR INSTANCE, WITH THE EXHIBITION REVELATIONS: ART FROM THE AFRICAN AMERICAN SOUTH, EDUCATION STAFF EXPERIMENTED WITH OFFERING COMMUNITY VOICES IN THE GALLERIES, OFFERING DIVERSE INTERPRETATIONS OF THE WORKS AND A RICH OPPORTUNITY FOR COMMUNITY ENGAGEMENT. THE MUSEUMS OFFER FREE ACCESS TO SPECIAL EXHIBITIONS SEVERAL TIMES EACH YEAR ON ACCESS MONDAYS RESERVED FOR VISITORS WITH DISABILITIES. THESE PROGRAMS SERVE OVER 100,000 VISITORS EACH YEAR.
TRANSFER TO FINE ARTS MUSEUMS FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Campbell Director Of Museums | Officer | 40 | $698,405 |
Jason Seifer Chief Financial Officer | Officer | 40 | $242,308 |
Megan A Bourne Chief Of Staff | 40 | $222,404 | |
Amanda Riley Director Of Development | Officer | 40 | $203,497 |
Linda Butler Director Of Marketing/communication | Officer | 40 | $200,308 |
Krista Brugnara Director Of Exhibitions | Officer | 40 | $196,908 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attain Llc It Consulting | 6/29/21 | $541,785 |
One Rhythm Llc Membership Campaigns Consulting | 6/29/21 | $370,749 |
Moss Adams Llp Audit & Tax Professionals | 6/29/21 | $255,880 |
Mike Williams Drywall Construction | 6/29/21 | $166,246 |
The Lukens Co Mailhouse Service | 6/29/21 | $164,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,624,495 |
| Fundraising events | $777,645 |
| Related organizations | $3,093,037 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,674,960 |
| Noncash contributions included in lines 1a–1f | $982,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,170,137 |
| Total Program Service Revenue | $3,015,533 |
| Investment income | $16,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$75,338 |
| Net Gain/Loss on Asset Sales | -$262,233 |
| Net Income from Fundraising Events | -$186,403 |
| Net Income from Gaming Activities | $68,806 |
| Net Income from Sales of Inventory | $1,457,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,204,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,094,039 |
| 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. | $1,928,418 |
| Compensation of current officers, directors, key employees. | $587,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,175,370 |
| Pension plan accruals and contributions | $713,962 |
| Other employee benefits | $2,894,855 |
| Payroll taxes | $1,467,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $367,082 |
| Fees for services: Accounting | $108,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $206,714 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,768,986 |
| Advertising and promotion | $392,065 |
| Office expenses | $1,685,073 |
| Information technology | $749,553 |
| Royalties | $0 |
| Occupancy | $1,589,341 |
| Travel | $126,393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,695 |
| Interest | $49,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $633,861 |
| Insurance | $294,349 |
| All other expenses | $312,835 |
| Total functional expenses | $35,584,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,418,556 |
| Savings and temporary cash investments | $12,894,374 |
| Pledges and grants receivable | $4,767,576 |
| Accounts receivable, net | $1,810,302 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $722,059 |
| Prepaid expenses and deferred charges | $1,213,188 |
| Net Land, buildings, and equipment | $1,488,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,314,782 |
| Accounts payable and accrued expenses | $5,323,810 |
| Grants payable | $0 |
| Deferred revenue | $2,554,260 |
| 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 | $6,150,800 |
| Other liabilities | $8,096,867 |
| Total liabilities | $22,125,737 |
| Net assets without donor restrictions | -$13,909,698 |
| Net assets with donor restrictions | $17,098,743 |
| 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 | $25,314,782 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corporation Of The Fine Arts Museums has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Jean And Hing Wong Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Motion Picture Arts & Sciences Beverly Hills, CA | $649,892,944 | $134,881,744 |
National Academy Of Recording Arts & Sciences Inc Santa Monica, CA | $144,766,278 | $73,681,549 |
Motion Picture Association Inc Sherman Oaks, CA | $108,255,897 | $67,676,468 |
Corporation Of The Fine Arts Museums San Francisco, CA | $25,314,782 | $33,204,233 |
Academy Of Television Arts & Sciences North Hollywood, CA | $47,799,821 | $32,981,149 |
National Association Of Music Merchants Inc Carlsbad, CA | $38,472,951 | $7,155,207 |
Alliance Of Motion Picture And Television Producers Sherman Oaks, CA | $33,962,250 | $11,765,275 |
Independent Film & Television Alliance Los Angeles, CA | $7,047,401 | $9,016,893 |
Academy Of Country Music Burbank, CA | $15,432,642 | $15,266,512 |
California Cable & Telecommunications Sacramento, CA | $2,703,069 | $3,132,593 |
National Association Of Television Program Executives Inc Studio City, CA | $2,616,816 | $974,629 |
Peter Britt Gardens Music And Arts Festival Association Medford, OR | $10,872,514 | $3,945,941 |