Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $4,305,284

• 1c · Fundraising events

  $3,904,187

• 1e · Government grants (contributions)

  $220,270

• 1f · All other contributions, gifts and grants

  $17,301,874

• 1g · Noncash contributions included above

  $13,948,344

• 2a · Program service revenue: Admissions

  total $3,052,208 · related or exempt $3,052,208

• 2b · Program service revenue: Concert Ticket Sales

  total $62,424 · related or exempt $62,424

• 2c · Program service revenue: Education Programs

  total $26,845 · related or exempt $26,845

• 2d · Program service revenue: Membership Dues

  total $1,254,142 · related or exempt $1,254,142

• 3 · Investment income

  total $1,896,980 · unrelated business $682,181 · excluded $1,214,799

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $7,982 · related or exempt $7,982

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $160,239,635

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

  securities $139,781,233

• 7c · Gain or loss

  securities $20,458,402

• 7d · Net gain or loss

  total $20,458,402 · excluded $20,458,402

• 8a · Fundraising events: gross income

  $278,850

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

  $3,904,186

• 8b · Fundraising events: direct expenses

  $735,946

• 8c · Net income from fundraising events

  total -$457,096 · excluded -$457,096

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $1,006,494

• 10b · Cost of goods sold

  $469,475

• 10c · Net income from sales of inventory

  total $537,019 · related or exempt $279,214 · unrelated business $257,805

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $3,139,828 · program services $624,128 · management and general $1,845,646 · fundraising $670,054

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $17,261,274 · program services $6,190,346 · management and general $9,521,900 · fundraising $1,549,028

• 8 · Pension plan contributions

  total $922,291 · program services $556,378 · management and general $228,574 · fundraising $137,339

• 9 · Other employee benefits

  total $4,205,083 · program services $2,536,742 · management and general $1,042,157 · fundraising $626,184

• 10 · Payroll taxes

  total $1,652,366 · program services $996,800 · management and general $409,510 · fundraising $246,056

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $1,027,624 · program services $619,920 · management and general $254,679 · fundraising $153,025

• 11c · Fees: accounting

  total $150,953 · program services $91,063 · management and general $37,411 · fundraising $22,479

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $1,960,734 · management and general $1,960,734

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $77,797 · management and general $77,797

• 13 · Office expenses

  total $1,090,129 · program services $372,892 · management and general $607,637 · fundraising $109,600

• 14 · Information technology

  total $102,293 · program services $61,708 · management and general $25,352 · fundraising $15,233

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,394,474 · management and general $1,394,474

• 17 · Travel

  total $457,402 · program services $236,852 · management and general $163,892 · fundraising $56,658

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $14,567 · management and general $14,567

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $7,565,525 · program services $4,563,950 · management and general $1,874,984 · fundraising $1,126,591

• 23 · Insurance

  total $590,858 · management and general $590,858

• 24a · Other expenses: Exhibition & Conservation Cost

  total $3,779,196 · program services $3,758,704 · management and general $16,264 · fundraising $4,228

• 24b · Other expenses: Service & System Contracts

  total $1,540,030 · program services $352,944 · management and general $1,136,651 · fundraising $50,435

• 24c · Other expenses: Membership Benefits

  total $1,224,778 · fundraising $1,224,778

• 24d · Other expenses: Bank & Credit Card Charges

  total $380,913 · program services $160,647 · management and general $76,691 · fundraising $143,575

• 24e · All other expenses

  total -$3,173,143 · program services $4,780,868 · management and general -$7,872,318 · fundraising -$81,693

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $16,694,451 · end of year $19,353,316

• 3 · Pledges and grants receivable

  beginning of year $31,669,564 · end of year $13,930,238

• 4 · Accounts receivable

  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

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $975,579 · end of year $1,396,620

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,181,264 · end of year $9,470,845

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

  $392,918,011

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

  $53,294,267

• 10c · Land, buildings and equipment, net

  beginning of year $300,399,477 · end of year $339,623,744

• 11 · Investments: publicly traded securities

  beginning of year $81,806,668 · end of year $93,707,457

• 12 · Investments: other securities

  beginning of year $256,700,771 · end of year $197,386,561

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $2,177,107 · end of year $12,996,456

• 17 · Accounts payable and accrued expenses

  beginning of year $19,003,300 · end of year $8,282,959

• 25 · Other liabilities

  beginning of year $108,901,402 · end of year $92,493,351

• 27 · Net assets without donor restrictions

  beginning of year $307,340,482 · end of year $508,930,493

• 28 · Net assets with donor restrictions

  beginning of year $260,359,697 · end of year $78,158,434

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

Pursuant to a written employment agreement with the Director and Chief Executive Officer (the "Director"), the Collection provided a housing allowance. The housing allowance was part of the Directors compensation, as reviewed and approved by the Board of Trustees, and the value of this benefit was treated as taxable compensation. In addition, travel expenses for the Director's spouse are reimbursed when such travel is determined to be for a bona fide business purpose.