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Nonprofiteer
← CRYSTAL BRIDGES MUSEUM OF AMERICAN ART INC

Form 990 for tax year 2023

Filed by CRYSTAL BRIDGES MUSEUM OF AMERICAN ART INC.

Totals

Total revenue
$152,096,110
Total expenses
$67,235,123
Contributions and grants received
$65,155,889
Grants paid
$0
Program service revenue
$4,255,058
Investment income
$72,368,183
Other revenue
$10,316,980
Total assets, end of year
$1,901,481,215
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,901,481,215
Program services expenses (Part IX)
$19,608,090
Management and general expenses
$44,098,175
Fundraising expenses
$3,528,858
Program service expenses (Part III)
$19,608,090

Program services were 29.2% 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

    $1,521,657

  • 1d · Related organizations

    $30,000,000

  • 1f · All other contributions, gifts and grants

    $33,634,232

  • 1g · Noncash contributions included above

    $1,813,530

  • 2a · Program service revenue: REPRODUCTION FEES

    total $6,609 · related or exempt $6,609

  • 2b · Program service revenue: PROGRAM REGISTRATION FEES

    total $295,315 · related or exempt $295,315

  • 2c · Program service revenue: EXHIBITION FEE REVENUE

    total $476,603 · related or exempt $476,603

  • 2d · Program service revenue: TICKET SALES

    total $3,441,405 · related or exempt $3,441,405

  • 2e · Program service revenue: TOURS

    total $34,526 · related or exempt $34,526

  • 2f · All other program service revenue

    total $600 · related or exempt $600 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $24,419,667 · unrelated business $1,159,211 · excluded $23,260,456

  • 6a · Gross rents

    real property $1,259,440

  • 6c · Rental income or loss

    real property $1,259,440 · personal property $0

  • 6d · Net rental income or loss

    total $1,259,440 · related or exempt $509,967 · unrelated business $749,473

  • 7a · Gross sales of assets other than inventory

    securities $223,907,354 · other assets $9,264,251

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

    securities $184,543,284 · other assets $679,805

  • 7c · Gain or loss

    securities $39,364,070 · other assets $8,584,446

  • 7d · Net gain or loss

    total $47,948,516 · unrelated business -$273,598 · excluded $48,222,114

  • 10a · Gross sales of inventory

    $7,599,948

  • 10b · Cost of goods sold

    $2,599,144

  • 10c · Net income from sales of inventory

    total $5,000,804 · related or exempt $3,154,123 · unrelated business $1,846,681

  • 11a · Other revenue: OTHER INCOME

    total $4,056,736 · related or exempt $3,510,201 · unrelated business $546,535

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $4,056,736

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $890,253 · program services $229,562 · management and general $588,545 · fundraising $72,146

  • 7 · Other salaries and wages

    total $17,651,018 · program services $4,551,520 · management and general $11,669,066 · fundraising $1,430,432

  • 9 · Other employee benefits

    total $1,998,586 · program services $544,242 · management and general $1,303,809 · fundraising $150,535

  • 10 · Payroll taxes

    total $1,183,837 · program services $367,052 · management and general $707,336 · fundraising $109,449

  • 11a · Fees: management

    total $4,035,873 · management and general $4,035,873

  • 11b · Fees: legal

    total $188,693 · management and general $188,693

  • 11c · Fees: accounting

    total $97,963 · management and general $97,963

  • 11f · Fees: investment management

    total $3,334,737 · management and general $3,334,737

  • 11g · Fees: other

    total $1,721,392 · program services $561,610 · management and general $1,142,119 · fundraising $17,663

  • 12 · Advertising and promotion

    total $1,316,594 · program services $10,929 · management and general $1,178,639 · fundraising $127,026

  • 13 · Office expenses

    total $741,185 · program services $231,934 · management and general $485,635 · fundraising $23,616

  • 14 · Information technology

    total $1,155,890 · program services $641,768 · management and general $493,688 · fundraising $20,434

  • 16 · Occupancy

    total $1,483,336 · program services $127 · management and general $1,483,209

  • 17 · Travel

    total $524,337 · program services $171,381 · management and general $142,712 · fundraising $210,244

  • 20 · Interest

    total $1,655,512 · management and general $1,655,512

  • 22 · Depreciation, depletion and amortization

    total $10,137,447 · program services $22,594 · management and general $10,114,576 · fundraising $277

  • 23 · Insurance

    total $1,208,444 · program services $225,091 · management and general $983,302 · fundraising $51

  • 24a · Other expenses: EXHIBITION EXPENSES

    total $6,008,032 · program services $5,994,110 · fundraising $13,922

  • 24b · Other expenses: MUSEUM PROCUREMENT EXPENSES

    total $4,065,477 · program services $4,065,477

  • 24c · Other expenses: EVENTS EXPENSE

    total $1,781,025 · program services $435,108 · management and general $248,242 · fundraising $1,097,675

  • 24d · Other expenses: CONSULTING

    total $1,430,808 · program services $705,710 · management and general $685,751 · fundraising $39,347

  • 24e · All other expenses

    total $4,624,684 · program services $849,875 · management and general $3,558,768 · fundraising $216,041

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,076,407 · end of year $20,519,661

  • 2 · Savings and temporary cash investments

    beginning of year $76,202 · end of year $0

  • 4 · Accounts receivable

    beginning of year $843,730 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $681,804 · end of year $951,141

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

    $448,084,014

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

    $106,193,797

  • 10c · Land, buildings and equipment, net

    beginning of year $302,074,777 · end of year $341,890,217

  • 11 · Investments: publicly traded securities

    beginning of year $634,619,583 · end of year $857,850,060

  • 12 · Investments: other securities

    beginning of year $722,486,484 · end of year $648,810,888

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $31,459,248 · end of year $31,459,248

  • 17 · Accounts payable and accrued expenses

    beginning of year $261,328 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $385,560,768 · end of year $778,640,452

  • 28 · Net assets with donor restrictions

    beginning of year $1,312,496,139 · end of year $1,122,840,763

Mission and programs · 2023

Mission

Crystal Bridges Museum of American Art ("CBMAA") welcomes all to celebrate the American Spirit In a setting that unites the power of art with the beauty of nature. CBMAA explores the unfolding story of America by actively collecting, exhibiting, interpreting and preserving outstanding works of art that Illuminates America's heritage and artistic possibilities.

Activities or mission (Part I)

The Museum explores the unfolding history of America by collecting and exhibiting outstanding works of art that Illuminate America's artistic heritage.

  • In 2023, CBMAA welcomed 784,971 guests and presented several collection focus shows and three major exhibitions including: Diego Rivera's America, Annie Leibovitz at Work, Flagged for Discussion, and Listening Forest by Rafael Lozano-Hemmer. Diego Rivera's America was co-organized by San Francisco Museum of Modern Art and CBMAA. It examined the artist's life between the early 1920s and early 1940s, when he worked in both Mexico and the United States, through more than 130 works, including his drawings, easel paintings, frescoes, and more. The first major exhibition focused solely on Rivera in over 20 years, it revealed the broad range of his work through a series of thematic sections that brought together more works from this time period than have been seen together since the artist's lifetime. Annie Leibovitz at Work was curated and organized by CBMAA. In addition to the artist's iconic and daring pictures for magazines like Rolling Stone, Vanity Fair, and Vogue, the show included a set of new works made just for CBMAA-Leibovitz's first museum commission. Highlighting household names and local heroes, these works demonstrate Leibovitz's discerning vision and desire to celebrate the extraordinary now. The exhibition is currently on tour to two additional museums. Flagged for Discussion, curated by CBMAA, embraced disparate representations of the United States flag from across time, featuring work by more than 20 artists from the 19th century to today. Posing questions and creating space for conversation within the gallery, the exhibition revealed how the flag functions differently within works of painting, printmaking, fiber, photography, and mixed media. Listening Forest by Rafael Lozano-Hemmer, located in CBMAA's North Forest, returned for a spring and fall/winter presentation, using light, sound, and projections to create an interactive walk through the woods. This site-specific exhibition brought together eight immersive installations, each one activated by visitors' heart rate, body, voice, and movements, to direct the forest's response. This project united art and technology in a natural setting to create poetic, shared experiences.

    Expenses $8,138,898 · Revenue $2,158,073

  • In 2023, CBMAA acquired 47 works of art. By classification 16 drawings, 10 prints, 5 mixed media works, 4 sculptures, 4 watercolors, 3 ceramics, 3 paintings, 1 photograph, and 1 textile were acquired. In 2023, CBMAA borrowed 457 objects from 42 lenders. CBMAA loaned 44 objects to 28 institutions during 2023 across the United States and Europe. Conservation efforts in 2023 included: Paintings conservator conducted treatments and examinations of 57 paintings over 2 visits to the museum. Objects conservator conducted treatments and examinations of 41 sculptures over 2 visits to the museum. Works on paper conservator examined 58 works on paper over 2 visits to the museum. Outdoor sculpture conservator examined 28 outdoor sculptures. Neon specialist examined 7 neon artworks. These significant conservation treatments were performed on-site by contract conservators: Tony Tasset/Deer (2017.4, sculpture); Louise Nevelson/Night Zag Wall (2008.23, sculpture); and three paintings by Janet Sobel. In addition, ten artworks were conserved off-site: Betty Woodman/House of the South (2022.30, ceramic); Marjorie Strider/Girl with Radish (2022.40, mixed media); Georgia O'Keeffe/Radiator Building and Flying Backbone (ASC.2012.73, ASC. 2012.74, paintings); Thomas Moran/The Shores of Lake Superior (2019.32, painting); Harry Gottlieb/Bootleg Coal Miners (2012.136, print); Claes Oldenburg/Geometric Mouse (2020.113, sculpture); Keith Haring/Two-Headed Figure (2012.496, sculpture); Luis Alfonso Jimenez/Vaquero (2011.29, sculpture); and Niki de Saint Phalle/Gwendolyn (2022.16, sculpture). Staff conducted regular cleaning and maintenance of 25 artworks installed outdoors. At year's end, our online collection provided access to 82% of the collection (3,363 artworks) to the public through our website.

    Expenses $7,217,342 · Revenue $135,537

  • In 2023, CBMAA was able to fulfill its mission of providing access to the arts through a variety of educational programs to the public, which reached 219,110 participants. Classes and Workshops are offered for all ages and varying skill levels, and include a variety of workshops in media such as painting, sculpture, printmaking, and multimedia, in addition to nature topics. Attendance = 3,259 Drop-In programs are non-ticketed and planned primarily for multigenerational audiences. These include large-scale events Trick Art Treat as well as drop-in artmaking on the weekends and school break programming. Attendance = 38,684 Film, Performance & Evening events are primarily targeted toward college and adult audiences, and include multidisciplinary arts such as music, theatre, dance, and film. Attendance = 3,506 Lectures and Talks include gallery conversations, nature talks, panel discussions, and exhibition lectures. Attendance = 5,828 Our School Visit program serves K-12 and college students, onsite and online, and aligns with curriculum. Attendance = 37,281 Teacher Professional Development programs offer continuing education credits through a variety of offerings, including Saturday Sessions, Summer Institutes and Evening for Educators. Attendance = 1,140 Access and Inclusive programs primarily serve individuals with disabilities as well as seniors. Examples include Family Access Night and programming for older adults. Attendance = 2,436 Tours include daily offerings of guided tours featuring the museum's collection and architecture, as well as tours provided for youth organizations. Guide training is provided for these offerings monthly. Attendance = 15,120 Community Engagement offerings in 2022 included community art-making activations with the Mobile Art Lab at festivals and libraries as well as co-hosting programs at the museum with community organizations. Attendance = 84,137 A variety of kits were distributed to community members and partner organizations. Kits included Community Creative care packages, Family Art kits, Food kits, and My Museum Classroom kits. Attendance = 27,445 School Partnership Programs entailed an in-person or virtual weeklong residency including art-kits for program participants. Attendance = 732

    Expenses $4,077,495 · Revenue $711,620

  • LIBRARY PROGRAM

    Expenses $174,355 · Revenue $1,560

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

Listed in Part VII

  • Alice L Walton

    Board Director & Chair Emeritus

    Total calculated
    $0
    Hours/week
    7

  • Annemarie Jazic

    Board Director (As of 3/13/23)

    Total calculated
    $0
    Hours/week
    1

  • C Douglas McMillon

    Board Director (Until 11/13/23)

    Total calculated
    $0
    Hours/week
    1

  • Donna Morris

    Board Director (As of 11/13/23)

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Glassman

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Hank Thomas

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • John Tyson

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Olivia Walton

    Board Director & Chairperson

    Total calculated
    $0
    Hours/week
    5

  • Steuart L Walton

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Thelma Golden

    Board Director

    Total calculated
    $0
    Hours/week
    1

  • Jill Wagar

    Director, Momentary

    Total calculated
    $373,030
    From this org
    $346,362
    From related orgs
    $0
    Other
    $26,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,362
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $13,468
    Filer's total
    $373,030

  • Philip Sigsworth

    Chief Financial Officer (Until 12/14/23)

    Total calculated
    $536,353
    From this org
    $0
    From related orgs
    $488,311
    Other
    $48,042
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,000 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $92,311 related
    Deferred
    $0 + $35,700 related
    Nontaxable benefits
    $0 + $12,342 related
    Filer's total
    $0 + $536,353 related

  • Richard A Hosley

    Secretary

    Total calculated
    $713,923
    From this org
    $0
    From related orgs
    $699,335
    Other
    $14,588
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $566,835 related
    Bonus
    $0 + $132,500 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $1,388 related
    Filer's total
    $0 + $713,923 related

  • Rod Bigelow

    Executive Director

    Total calculated
    $569,483
    From this org
    $543,892
    From related orgs
    $0
    Other
    $25,591
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $543,892
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $12,391
    Filer's total
    $569,483

  • Austen Bailly

    Chief Curator

    Total calculated
    $220,683
    From this org
    $210,989
    From related orgs
    $0
    Other
    $9,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,989
    Bonus
    $0
    Other
    $0
    Deferred
    $8,610
    Nontaxable benefits
    $1,084
    Filer's total
    $220,683

  • Emilio Fabico

    Chief Operating Officer

    Total calculated
    $191,489
    From this org
    $180,877
    From related orgs
    $0
    Other
    $10,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,877
    Bonus
    $0
    Other
    $0
    Deferred
    $7,255
    Nontaxable benefits
    $3,357
    Filer's total
    $191,489

  • Joe Thompson

    Curator At Large

    Total calculated
    $424,114
    From this org
    $398,305
    From related orgs
    $0
    Other
    $25,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,305
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $12,609
    Filer's total
    $424,114

  • Kersta HURST

    Chief Digital Officer

    Total calculated
    $213,132
    From this org
    $192,114
    From related orgs
    $0
    Other
    $21,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,114
    Bonus
    $0
    Other
    $0
    Deferred
    $8,231
    Nontaxable benefits
    $12,787
    Filer's total
    $213,132

  • Stephen Reily

    Founding Director, Catalyst Project

    Total calculated
    $331,730
    From this org
    $316,867
    From related orgs
    $0
    Other
    $14,863
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,867
    Bonus
    $0
    Other
    $0
    Deferred
    $12,600
    Nontaxable benefits
    $2,263
    Filer's total
    $331,730

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
Philip Sigsworth received a severance payment in the amount of $92,311. The amount was paid upon his departure.

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GAE LLC

    BUY / HOLD ART · DE · income $0 · assets $1,089,731

    Directly controlled by CRYSTAL BRIDGES-MUSEUM OF AMERICAN ART INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Art and Wellness Enterprises LLC

    Related · Services provided at cost to tax-exempt organizations · DE · 50% owned · share of income -$77,924 · share of assets $2,099,587

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349302754

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