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Nonprofiteer
← PORTLAND MUSEUM OF ART

Form 990 for tax year 2023

Filed by PORTLAND MUSEUM OF ART.

Totals

Total revenue
$15,400,222
Total expenses
$13,368,776
Contributions and grants received
$13,447,748
Grants paid
$0
Program service revenue
$870,907
Investment income
$1,330,651
Other revenue
-$249,084
Total assets, end of year
$94,377,270
Total liabilities, end of year
$2,012,328
Net assets or fund balances, end of year
$92,364,942
Program services expenses (Part IX)
$10,079,988
Management and general expenses
$827,363
Fundraising expenses
$2,461,425
Program service expenses (Part III)
$10,079,988

Program services were 75.4% 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

    $705,718

  • 1e · Government grants (contributions)

    $300,000

  • 1f · All other contributions, gifts and grants

    $12,442,030

  • 1g · Noncash contributions included above

    $638,835

  • 2a · Program service revenue: Admissions

    total $590,416 · related or exempt $590,416

  • 2b · Program service revenue: Program Revenues

    total $280,491 · related or exempt $280,491

  • 3 · Investment income

    total $1,495,087 · unrelated business $57,864 · excluded $1,437,223

  • 7a · Gross sales of assets other than inventory

    securities $13,397,336

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

    securities $13,561,772

  • 7c · Gain or loss

    securities -$164,436

  • 7d · Net gain or loss

    total -$164,436 · excluded -$164,436

  • 10a · Gross sales of inventory

    $336,185

  • 10b · Cost of goods sold

    $585,269

  • 10c · Net income from sales of inventory

    total -$249,084 · excluded -$249,084

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $911,217 · program services $631,960 · fundraising $279,257

  • 7 · Other salaries and wages

    total $5,082,535 · program services $3,697,089 · management and general $258,210 · fundraising $1,127,236

  • 9 · Other employee benefits

    total $464,644 · program services $336,955 · management and general $22,605 · fundraising $105,084

  • 10 · Payroll taxes

    total $440,648 · program services $318,355 · management and general $19,160 · fundraising $103,133

  • 11b · Fees: legal

    total $137,017 · program services $137,017

  • 11c · Fees: accounting

    total $43,626 · management and general $43,626

  • 11f · Fees: investment management

    total $285,620 · management and general $285,620

  • 11g · Fees: other

    total $2,836,867 · program services $2,516,122 · management and general $33,172 · fundraising $287,573

  • 12 · Advertising and promotion

    total $128,225 · program services $124,183 · fundraising $4,042

  • 13 · Office expenses

    total $117,830 · program services $83,848 · management and general $10,753 · fundraising $23,229

  • 14 · Information technology

    total $445,280 · program services $306,025 · management and general $32,045 · fundraising $107,210

  • 16 · Occupancy

    total $554,795 · program services $529,053 · management and general $3,518 · fundraising $22,224

  • 17 · Travel

    total $82,279 · program services $53,506 · management and general $3,155 · fundraising $25,618

  • 19 · Conferences, conventions and meetings

    total $28,400 · program services $13,264 · management and general $7,947 · fundraising $7,189

  • 22 · Depreciation, depletion and amortization

    total $494,086 · program services $290,863 · management and general $76,575 · fundraising $126,648

  • 23 · Insurance

    total $148,596 · program services $140,735 · management and general $4,394 · fundraising $3,467

  • 24a · Other expenses: Exhibition & Collection

    total $347,075 · program services $346,595 · management and general $0 · fundraising $480

  • 24b · Other expenses: Fundraising

    total $299,892 · program services $110,902 · management and general $0 · fundraising $188,990

  • 24c · Other expenses: Acquisition of Art

    total $261,559 · program services $261,559

  • 24d · Other expenses: Education

    total $258,585 · program services $181,957 · management and general $26,583 · fundraising $50,045

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,033,771 · end of year $5,909,595

  • 2 · Savings and temporary cash investments

    beginning of year $8,114,290 · end of year $6,233,382

  • 3 · Pledges and grants receivable

    beginning of year $9,181,815 · end of year $11,157,922

  • 4 · Accounts receivable

    beginning of year $1,382,953 · end of year $232,896

  • 8 · Inventories for sale or use

    beginning of year $99,745 · end of year $131,405

  • 9 · Prepaid expenses and deferred charges

    beginning of year $343,356 · end of year $204,971

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

    $35,237,789

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

    $17,736,576

  • 10c · Land, buildings and equipment, net

    beginning of year $18,015,832 · end of year $17,501,213

  • 11 · Investments: publicly traded securities

    beginning of year $16,573,268 · end of year $21,040,364

  • 12 · Investments: other securities

    beginning of year $30,011,372 · end of year $27,760,883

  • 15 · Other assets

    beginning of year $4,208,907 · end of year $4,204,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,451,585 · end of year $1,638,818

  • 19 · Deferred revenue

    beginning of year $109,569 · end of year $373,510

  • 27 · Net assets without donor restrictions

    beginning of year $28,844,856 · end of year $26,657,463

  • 28 · Net assets with donor restrictions

    beginning of year $58,559,299 · end of year $65,707,479

Mission and programs · 2023

Mission

Art for All. The Portland Museum of Art seeks to create an inclusive space that champions open expression and makes art accessible to all.

Activities or mission (Part I)

Museum/Educational

  • Educational Programs: Create outstanding educational programs and collection-based activities to inspire and enrich the lives of diverse audiences and serve as a vital cultural center for the city and region (62,893 participants in 2023).

    Expenses $2,374,211 · Revenue $280,491

  • Exhibitions and Collections: Originate outstanding exhibitions from PMA's permanent collection and through borrowed works of art. Present traveling exhibitions that support and extend PMA's mission. Preserve, document, and interpret over 19,000 objects in the collection and five architectural landmarks (115,411 visitors in 2024).

    Expenses $7,444,218 · Revenue $590,416

  • Collection Items Purchased: 65 works of art were purchased for PMA's collection in 2023, providing new opportunities for visitors and the community to experience original work.

    Expenses $261,559

As filed on the 2023 return.

Listed in Part VII

  • Eileen T Gillespie

    President

    Total calculated
    $0
    Hours/week
    10

  • Cyrus Y Hagge

    Chair

    Total calculated
    $0
    Hours/week
    10

  • Joseph R Foley

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Elizabeth T McCandless

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Mark J Morrissette

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Christine F Petra

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Kyo Bannai

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Katherine MB Berger

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Kenneth A Blaschke

    Trustee/Past Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Paige A Carter

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Tae Chong

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Lila Hunt Davies

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Robert R Gould

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jocelyn R Handy

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Erik K Hayward

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Sharyn M Howell

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Elizabeth A Jabar

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Suzanne C Kohlberg

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Susie Konkel

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Bree A LaCasse

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Judy Glickman Lauder

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Leeann M Leahy

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Andy Lilienthal

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Karen L McDonald

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Dimitri M Michaud

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Marcia Minter

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Rodney D Moore

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jane A Parker

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Alexander E Porteous

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Theresa Secord

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jack Soley

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Clayton Spender

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Stewart Strawbridge

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Troy Trejo

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Joan Carpenter Troccoli

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Kristin Kellogg Valdmanis

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Karen B Watson

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • William B Williamson

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Amy H Woodhouse

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Joanee Sterling

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Mark H Bessire

    Executive Director

    Total calculated
    $459,803
    From this org
    $426,402
    From related orgs
    $0
    Other
    $33,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $426,402
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $23,501
    Filer's total
    $459,803

  • Elizabeth F Jones

    Senior Deputy Director

    Total calculated
    $217,775
    From this org
    $209,641
    From related orgs
    $0
    Other
    $8,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,641
    Bonus
    $0
    Other
    $0
    Deferred
    $6,315
    Nontaxable benefits
    $1,819
    Filer's total
    $217,775

  • Elena F Henry

    Past Deputy Director and CFO

    Total calculated
    $214,889
    From this org
    $201,174
    From related orgs
    $0
    Other
    $13,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,174
    Bonus
    $0
    Other
    $0
    Deferred
    $6,148
    Nontaxable benefits
    $7,567
    Filer's total
    $214,889

  • Andrew Smaha

    Chief Financial Officer

    Total calculated
    $18,750
    From this org
    $18,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Shalini Le Gall

    Chief Curator

    Total calculated
    $157,164
    From this org
    $152,586
    From related orgs
    $0
    Other
    $4,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,586
    Bonus
    $0
    Other
    $0
    Deferred
    $4,578
    Nontaxable benefits
    $0
    Filer's total
    $157,164

  • Graeme Kennedy

    Creative Director and Dir. of PR

    Total calculated
    $108,961
    From this org
    $105,787
    From related orgs
    $0
    Other
    $3,174
    Hours/week
    40

  • Christian Adame

    Dir. of Learning/Community Collab.

    Total calculated
    $116,175
    From this org
    $105,295
    From related orgs
    $0
    Other
    $10,880
    Hours/week
    40

  • Craig Garrett

    Director of HR

    Total calculated
    $109,040
    From this org
    $100,208
    From related orgs
    $0
    Other
    $8,832
    Hours/week
    40

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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Part I, Line 1a
PMA paid $3,543 for a membership fee and dues to Portland's Cumberland Club, for Mark H.C. Bessire, Director. The Cumberland Club is adjacent to the Portland Museum of Art, and membership allows the Director to host meetings for the purpose of conducting museum business. PMA paid travel expenses for a companion of Mark H.C. Bessire, Director. The amount paid by PMA was not treated as taxable compensation. These expenses were documented and approved by the President of the Board of Trustees as bona fide business expenses.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 December 2024
IRS schema version
2023v5.1
Source object
202413489349300126

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