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Nonprofiteer
← BARNES FOUNDATION

Form 990 for tax year 2023

Filed by BARNES FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 26 February 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$10,715,947 changed to $26,657,859
Total expenses
$15,172,107 changed to $32,023,620
Contributions and grants received
$4,717,818 changed to $16,704,304
Grants paid
$0 changed to $291,283
Program service revenue
$3,010,067 changed to $2,945,228
Investment income
$2,508,608 changed to $4,724,901
Other revenue
$479,454 changed to $2,283,426
Total assets, end of year
$228,076,186 changed to $235,569,044
Total liabilities, end of year
$2,611,689 changed to $2,322,405
Net assets or fund balances, end of year
$225,464,497 changed to $233,246,639
Program services expenses
$10,642,013 changed to $20,904,488
Management and general expenses
$2,823,866 changed to $7,823,369
Fundraising expenses
$1,706,228 changed to $3,295,763
Program service expenses (Part III)
$10,642,013 changed to $20,904,488

Listed only on the earlier return

  • MARGARET B ZMINDA
  • PAMELA D BUNDY

Listed only on the later return

  • EMILY CAVANAGH
  • MARGARET B ZMINDA THRU 1223
  • MARYANNE MURPHY
  • NANCY IRESON PHD
  • NINA DIEFENBACH
  • PAMELA BUNDY
  • SHERONDA WHITAKER
  • STEVEN BRADY
  • WILLIAM CARY

Listed under a different title

  • DAVID A FLEISCHNER: TRUSTEE then TREASURER (BEG 1/24), TRUSTEE
  • SARA GEELAN: DEP DIR, GEN COUNSEL, ASST SECRETARY then DEP DIR, GEN COUNSEL, ASST. SECRETARY
  • STEPHEN J HARMELIN ESQ: TREASURER, TRUSTEE then TREASURER, TRUSTEE (THRU 12/23)

Totals

Total revenue
$26,657,859
Total expenses
$32,023,620
Contributions and grants received
$16,704,304
Grants paid
$291,283
Program service revenue
$2,945,228
Investment income
$4,724,901
Other revenue
$2,283,426
Total assets, end of year
$235,569,044
Total liabilities, end of year
$2,322,405
Net assets or fund balances, end of year
$233,246,639
Program services expenses (Part IX)
$20,904,488
Management and general expenses
$7,823,369
Fundraising expenses
$3,295,763
Program service expenses (Part III)
$20,904,488

Program services were 65.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $1,473,693

  • 1c · Fundraising events

    $862,228

  • 1e · Government grants (contributions)

    $542,298

  • 1f · All other contributions, gifts and grants

    $13,826,085

  • 1g · Noncash contributions included above

    $258,242

  • 2a · Program service revenue: ADMISSIONS

    total $2,222,196 · related or exempt $2,222,196

  • 2b · Program service revenue: EDUCATION & OUTREACH

    total $537,551 · related or exempt $537,551

  • 2c · Program service revenue: CP 2023 ADMIN FEE

    total $100,000 · related or exempt $100,000

  • 2d · Program service revenue: RESEARCH AND COLLECTION

    total $85,481 · related or exempt $85,481

  • 3 · Investment income

    total $4,051,377 · excluded $4,051,377

  • 5 · Royalties

    total $108,991 · excluded $108,991

  • 7a · Gross sales of assets other than inventory

    securities $66,890,665

  • 7b · Less cost or other basis and sales expenses

    securities $66,217,141

  • 7c · Gain or loss

    securities $673,524

  • 7d · Net gain or loss

    total $673,524 · excluded $673,524

  • 8a · Fundraising events: gross income

    $51,939

  • 8a · Fundraising events: contributions included on line 1c

    $862,228

  • 8b · Fundraising events: direct expenses

    $252,492

  • 8c · Net income from fundraising events

    total -$200,553 · excluded -$200,553

  • 10a · Gross sales of inventory

    $1,527,385

  • 10b · Cost of goods sold

    $698,767

  • 10c · Net income from sales of inventory

    total $828,618 · unrelated business $412,267 · excluded $416,351

  • 11a · Other revenue: EVENTS & CATERING

    total $1,378,519 · unrelated business $1,337,281 · excluded $41,238

  • 11b · Other revenue: GUEST AND EMPLOYEE PARKING

    total $167,851 · excluded $167,851

  • 11e · Other revenue, total

    $1,546,370

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $188,833 · program services $188,833

  • 2 · Grants to domestic individuals

    total $102,450 · program services $102,450

  • 5 · Compensation of officers, directors and key employees

    total $1,358,850 · management and general $1,358,850

  • 7 · Other salaries and wages

    total $12,374,418 · program services $7,737,638 · management and general $2,926,768 · fundraising $1,710,012

  • 8 · Pension plan contributions

    total $295,136 · program services $182,984 · management and general $70,833 · fundraising $41,319

  • 9 · Other employee benefits

    total $1,464,495 · program services $868,475 · management and general $407,060 · fundraising $188,960

  • 10 · Payroll taxes

    total $966,835 · program services $599,438 · management and general $232,040 · fundraising $135,357

  • 11b · Fees: legal

    total $67,037 · management and general $67,037

  • 11f · Fees: investment management

    total $599,814 · management and general $599,814

  • 11g · Fees: other

    total $2,276,105 · program services $1,350,597 · management and general $593,707 · fundraising $331,801

  • 12 · Advertising and promotion

    total $910,976 · program services $261,799 · management and general $494,829 · fundraising $154,348

  • 13 · Office expenses

    total $278,992 · program services $211,964 · management and general $41,194 · fundraising $25,834

  • 14 · Information technology

    total $26,618 · program services $15,223 · management and general $11,395

  • 16 · Occupancy

    total $2,566,311 · program services $2,063,939 · management and general $502,372

  • 17 · Travel

    total $212,404 · program services $176,766 · management and general $24,721 · fundraising $10,917

  • 19 · Conferences, conventions and meetings

    total $523,891 · program services $113,320 · management and general $98,495 · fundraising $312,076

  • 20 · Interest

    total $1,398 · management and general $1,398

  • 22 · Depreciation, depletion and amortization

    total $5,532,358 · program services $5,532,358

  • 23 · Insurance

    total $534,152 · program services $425,826 · management and general $108,326

  • 24a · Other expenses: ART HANDLING & SHIPPING

    total $770,797 · program services $707,352 · management and general $13,208 · fundraising $50,237

  • 24b · Other expenses: PROCESSING FEES

    total $487,956 · program services $303,698 · management and general $85,839 · fundraising $98,419

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $319,956 · management and general $88,706 · fundraising $231,250

  • 24d · Other expenses: SUBSCRIPTIONS

    total $163,838 · program services $61,828 · management and general $96,777 · fundraising $5,233

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,113,225 · end of year $972,176

  • 3 · Pledges and grants receivable

    beginning of year $10,719,406 · end of year $12,324,081

  • 4 · Accounts receivable

    beginning of year $42,356 · end of year $66,573

  • 8 · Inventories for sale or use

    beginning of year $1,485,403 · end of year $1,416,501

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,633,973 · end of year $2,605,742

  • 10a · Land, buildings and equipment: cost or other basis

    $150,910,652

  • 10b · Land, buildings and equipment: accumulated depreciation

    $69,406,592

  • 10c · Land, buildings and equipment, net

    beginning of year $86,028,388 · end of year $81,504,060

  • 11 · Investments: publicly traded securities

    beginning of year $102,113,965 · end of year $107,419,001

  • 12 · Investments: other securities

    beginning of year $19,073,650 · end of year $23,485,524

  • 15 · Other assets

    beginning of year $5,865,820 · end of year $5,775,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,595,624 · end of year $1,282,209

  • 19 · Deferred revenue

    beginning of year $1,016,065 · end of year $1,040,196

  • 27 · Net assets without donor restrictions

    beginning of year $106,149,969 · end of year $113,932,111

  • 28 · Net assets with donor restrictions

    beginning of year $119,314,528 · end of year $119,314,528

Mission and programs · 2023

Mission

TO PROMOTE THE ADVANCEMENT OF EDUCATION AND THE APPRECIATION OF THE FINE ARTS AND HORTICULTURE. TO MAINTAIN AN ART GALLERY CONTAINING WORKS OF ANCIENT TO MODERN ART.

Activities or mission (Part I)

PROMOTE THE ADVANCEMENT OF EDUCATION AND THE APPRECIATION OF THE FINE ARTS AND HORTICULTURE.

  • VISITOR EXPERIENCE - THE BARNES FOUNDATION PRESENTS A DYNAMIC PROGRAM OF PERMANENT AND TEMPORARY EXHIBITS WITH SPECIAL EXHIBITIONS EXPANDING UPON THE PERMANENT COLLECTION AND CREATING FRESH OPPORTUNITIES FOR VISITOR ENGAGEMENT. FY24 FEATURED THE EXHIBITIONS WILLIAM EDMONDSON: A MONUMENTAL VISION, MARIE LAURENCIN: SAPPHIC PARIS AND ALEXY BRODOVITH: ASTONISH ME, THROUGH MY I: ART FROM SCI: PHOENIX, AND EDUCATION & EMPOWERMENT: SCHOLARSHIP RECIPIENTS AT THE BARNES FOUNDATION, 1927-1949.

    Expenses $4,674,120 · Revenue $2,222,196

  • RESEARCH AND COLLECTION - THE BARNES ART COLLECTION IS COMPRISED OF OVER 8,000 WORKS OF FINE AND DECORATIVE ARTS, INCLUDING PAINTINGS, FRAMES, WORKS ON PAPERS, FURNITURE AND DECORATIVE METALWORK. THE BARNES ENGAGES IN ACTIVE STEWARDSHIP THROUGH COLLECTION CARE, CONSERVATION AND RESEARCH OF ITS PERMANENT COLLECTION.

    Expenses $3,378,095 · Revenue $85,481

  • EDUCATION AND COMMUNITY PROGRAMS - THE BARNES CONTINUES TO BUILD ON THE FOUNDING PRINCIPAL OF MAKING ART AND CULTURAL LEARNING ACCESSIBLE TO ALL. ADULT EDUCATION CLASSES, SCHOOL PROGRAMS AND COMMUNITY ENGAGEMENT ARE AMONG THE DIVERSE ONSITE AND OFFSITE PROGRAMING OFFERED THROUGH THE YEAR.

    Expenses $2,592,420 · Grants $291,283 · Revenue $537,551

  • OTHER PROGRAM SERVICES: SHOP & FOOD SERVICE OPERATIONS ENHANCE THE VISITOR EXPERIENCE AND EXTENDS THEIR LEARNING THROUGH OUR SELECTION OF EDUCATIONAL BOOKS AND REPRODUCTIONS. CAMPUS OPERATIONS PROVIDE A CLEAN, SAFE ENVIRONMENT.

    Expenses $10,259,853 · Revenue $100,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • AILEEN KENNEDY ROBERTS

    CHAIR, TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JOHN R ALCHIN

    VICE CHAIR, TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • STEPHEN J HARMELIN ESQ

    TREASURER, TRUSTEE (THRU 12/23)

    Total calculated
    $0
    Hours/week
    1

  • THE HON JACQUELINE F ALLEN

    SECRETARY, TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID A FLEISCHNER

    TREASURER (BEG 1/24), TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN J AGLIALORO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARMANDO I BENGOCHEA PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHELDON M BONOVITZ ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAMELA BUNDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EMILY CAVANAGH

    TRUSTEE (BEG 1/24)

    Total calculated
    $0
    Hours/week
    1

  • GREGORY E DEAVENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY A HONICKMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE HUGHES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN H MCFADDEN ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH NEUBAUER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CHRISTINE POGGI PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS COLLINS

    EXECUTIVE DIRECTOR & PRESIDENT

    Total calculated
    $600,736
    From this org
    $565,836
    From related orgs
    $0
    Other
    $34,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $515,836
    Bonus
    $50,000
    Other
    $0
    Deferred
    $9,825
    Nontaxable benefits
    $25,075
    Filer's total
    $600,736

  • SARA GEELAN

    DEP DIR, GEN COUNSEL, ASST. SECRETARY

    Total calculated
    $315,076
    From this org
    $284,703
    From related orgs
    $0
    Other
    $30,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,703
    Bonus
    $0
    Other
    $0
    Deferred
    $8,135
    Nontaxable benefits
    $22,238
    Filer's total
    $315,076

  • MARGARET B ZMINDA THRU 1223

    EXECUTIVE VP, CFO & COO, ASST TREASURER

    Total calculated
    $243,771
    From this org
    $224,358
    From related orgs
    $0
    Other
    $19,413
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $224,358
    Bonus
    $0
    Other
    $0
    Deferred
    $6,800
    Nontaxable benefits
    $12,613
    Filer's total
    $243,771

  • MARYANNE MURPHY

    CFO, ASST. TREASURER (BEG 8/23)

    Total calculated
    $94,524
    From this org
    $88,866
    From related orgs
    $0
    Other
    $5,658
    Hours/week
    40

  • NINA DIEFENBACH

    SR VP, DEP DIR FOR ADVANCEMENT

    Total calculated
    $375,318
    From this org
    $342,728
    From related orgs
    $0
    Other
    $32,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,728
    Bonus
    $0
    Other
    $0
    Deferred
    $8,910
    Nontaxable benefits
    $23,680
    Filer's total
    $375,318

  • WILLIAM CARY

    CHIEF OPERATING OFFICER

    Total calculated
    $285,633
    From this org
    $275,830
    From related orgs
    $0
    Other
    $9,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,830
    Bonus
    $0
    Other
    $0
    Deferred
    $7,262
    Nontaxable benefits
    $2,541
    Filer's total
    $285,633

  • NANCY IRESON PHD

    DEP DIR FOR COLLECTIONS AND EXHIBITIONS

    Total calculated
    $252,968
    From this org
    $234,169
    From related orgs
    $0
    Other
    $18,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,169
    Bonus
    $0
    Other
    $0
    Deferred
    $7,072
    Nontaxable benefits
    $11,727
    Filer's total
    $252,968

  • STEVEN BRADY

    DEP DIR FOR DIGITAL INITIATIVES & CTO

    Total calculated
    $250,637
    From this org
    $214,428
    From related orgs
    $0
    Other
    $36,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,428
    Bonus
    $0
    Other
    $0
    Deferred
    $3,453
    Nontaxable benefits
    $32,756
    Filer's total
    $250,637

  • SHERONDA WHITAKER

    DEP DIR FOR HR, CHIEF DIVERSITY OFFICER

    Total calculated
    $234,481
    From this org
    $226,755
    From related orgs
    $0
    Other
    $7,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,755
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,556
    Nontaxable benefits
    $1,170
    Filer's total
    $234,481

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
SCHEDULE J, PART II, COLUMN (B)(II) REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CP 2023

    501(C)(3) · TO RAISE FUNDS TO BUILD A FACILITY DEDICATED TO THE ART OF THE CALDER FAMILY · PA · controlled entity

    Directly controlled by THE BARNES FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
25 February 2025
IRS schema version
2023v6.0
Source object
202520569349301622

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