Royal Ontario Museum
- Assets
- $152.5m
- Revenue
- $60.7m
- Investments
- $0.0
- Employees
- 614
- Location
- Founding
- 01/1978
- Data as of
- 03/2023
- EIN
- 98-0033472
Organization Overview
Royal Ontario Museum is located in null. The organization was established in 1978. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2023, Royal Ontario Museum employed 614 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Ontario Museum 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 03/2023, Royal Ontario Museum generated $60.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $64.7m during the year ending 03/2023. While expenses have increased by 9.5% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ROM SHOWCASES ART CULTURE AND NATURE FROM AROUND THE WORLD AND ACROSS THE AGES. AS THE COUNTRY'S PREEMINENT FIELD RESEARCH INSTITUTE AND AN INTERNATIONAL LEADER IN NEW AND ORIGINAL FINDINGS THE ROM PLAYS A VITAL ROLE IN ADVANCING OUR UNDERSTANDING OF THE ARTISTIC CULTURAL AND NATURAL WORLD. AMONG THE TOP 10 CULTURAL INSTITUTIONS IN NORTH AMERICA CANADA'S LARGEST AND MOST COMPREHENSIVE MUSEUM IS HOME TO A WORLD-CLASS COLLECTION OF 13 MILLION ART OBJECTS AND NATURAL HISTORY SPECIMENS IN 40 GALLERY EXHIBITION SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Basseches Director And Chief Executive Officer | OfficerTrustee | 35 | $403,293 |
Lori Davison Chief Marketing And Communications Officer | Officer | 35 | $169,711 |
Jennifer Wild Deputy Director Engagement | Officer | 35 | $235,453 |
Susan Fruchter Deputy Director Museum Operations | Officer | 35 | $235,453 |
Daniel Wright Deputy Director And Chief Financial Officer | Officer | 35 | $235,453 |
Manuelita Cherizard Chief Human Resources Officer | Officer | 35 | $169,711 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Limen Group Capital Improvement | 3/30/23 | $1,436,688 |
Semple Gooder Capital Improvement | 3/30/23 | $2,464,904 |
Omd Canada Marketing | 3/30/23 | $1,799,054 |
Hpa Capital Improvement | 3/30/23 | $935,169 |
Dell Canada Capital Improvement | 3/30/23 | $795,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,073,120 |
| Fundraising events | $0 |
| Related organizations | $7,074,283 |
| Government grants | $20,646,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,610,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,403,683 |
| Total Program Service Revenue | $20,094,738 |
| Investment income | $166,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,665,119 |
| 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. | $2,626,601 |
| Compensation of current officers, directors, key employees. | $2,626,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,233,570 |
| Pension plan accruals and contributions | $1,007,889 |
| Other employee benefits | $4,524,463 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $216,106 |
| Fees for services: Accounting | $58,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,865,586 |
| Office expenses | $4,696,408 |
| Information technology | $150,091 |
| Royalties | $0 |
| Occupancy | $334,751 |
| Travel | $86,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,356 |
| Interest | $1,448,359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,092,520 |
| Insurance | $573,476 |
| All other expenses | $0 |
| Total functional expenses | $64,746,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,358,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $279,729 |
| Prepaid expenses and deferred charges | $1,651,245 |
| Net Land, buildings, and equipment | $146,241,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,549,112 |
| Accounts payable and accrued expenses | $10,917,039 |
| Grants payable | $0 |
| Deferred revenue | $6,587,173 |
| 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 | $17,576,228 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,596,668 |
| Total liabilities | $189,677,108 |
| Net assets without donor restrictions | -$37,127,996 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $152,549,112 |
Peer Organizations
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