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Nonprofiteer
← MILWAUKEE ART MUSEUM INC

Form 990 for tax year 2024

Filed by MILWAUKEE ART MUSEUM INC.

Totals

Total revenue
$29,762,198
Total expenses
$24,784,054
Contributions and grants received
$18,269,479
Grants paid
$0
Program service revenue
$2,800,318
Investment income
$6,546,352
Other revenue
$2,146,049
Total assets, end of year
$164,845,298
Total liabilities, end of year
$3,412,381
Net assets or fund balances, end of year
$161,432,917
Program services expenses (Part IX)
$17,743,295
Management and general expenses
$4,462,629
Fundraising expenses
$2,578,130
Program service expenses (Part III)
$17,743,295

Program services were 71.6% 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

    $3,250,881

  • 1c · Fundraising events

    $697,500

  • 1e · Government grants (contributions)

    $559,250

  • 1f · All other contributions, gifts and grants

    $13,761,848

  • 1g · Noncash contributions included above

    $1,161,128

  • 2a · Program service revenue: ADMISSIONS & TOUR FEES

    total $2,758,928 · related or exempt $2,405,055 · excluded $353,873

  • 2b · Program service revenue: EDUCATION PROGRAMS

    total $25,700 · related or exempt $25,700

  • 2c · Program service revenue: EXHIBITION & CURATORIAL INCOME

    total $15,690 · related or exempt $15,690

  • 3 · Investment income

    total $1,993,703 · excluded $1,993,703

  • 6a · Gross rents

    real property $20,149

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $20,149

  • 6d · Net rental income or loss

    total $20,149 · excluded $20,149

  • 7a · Gross sales of assets other than inventory

    securities $15,294,802

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

    securities $10,742,153

  • 7c · Gain or loss

    securities $4,552,649

  • 7d · Net gain or loss

    total $4,552,649 · excluded $4,552,649

  • 8a · Fundraising events: gross income

    $40,050

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

    $697,500

  • 8b · Fundraising events: direct expenses

    $186,200

  • 8c · Net income from fundraising events

    total -$146,150 · excluded -$146,150

  • 10a · Gross sales of inventory

    $1,931,242

  • 10b · Cost of goods sold

    $423,554

  • 10c · Net income from sales of inventory

    total $1,507,688 · related or exempt $698,968 · unrelated business $808,720

  • 11a · Other revenue: SERVICE REVENUE

    total $440,648 · unrelated business $440,648

  • 11d · All other revenue

    total $323,714 · excluded $323,714

  • 11e · Other revenue, total

    $764,362

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,673,287 · management and general $1,673,287

  • 7 · Other salaries and wages

    total $8,243,245 · program services $6,260,067 · management and general $973,302 · fundraising $1,009,876

  • 8 · Pension plan contributions

    total $111,537 · program services $98,498 · fundraising $13,039

  • 9 · Other employee benefits

    total $1,013,469 · program services $742,910 · management and general $172,212 · fundraising $98,347

  • 10 · Payroll taxes

    total $341,275 · program services $235,997 · management and general $74,036 · fundraising $31,242

  • 11b · Fees: legal

    total $51,954 · management and general $51,954

  • 11c · Fees: accounting

    total $42,148 · management and general $42,148

  • 11f · Fees: investment management

    total $133,942 · management and general $133,942

  • 11g · Fees: other

    total $1,010,176 · program services $878,434 · management and general $131,742

  • 12 · Advertising and promotion

    total $798,380 · program services $703,672 · fundraising $94,708

  • 13 · Office expenses

    total $951,235 · program services $208,872 · management and general $16,239 · fundraising $726,124

  • 14 · Information technology

    total $356,066 · program services $254,377 · management and general $62,058 · fundraising $39,631

  • 16 · Occupancy

    total $1,667,488 · program services $1,304,537 · management and general $362,951

  • 19 · Conferences, conventions and meetings

    total $122,494 · program services $34,884 · management and general $84,550 · fundraising $3,060

  • 22 · Depreciation, depletion and amortization

    total $3,227,318 · program services $3,227,318

  • 23 · Insurance

    total $313,708 · program services $101,135 · management and general $212,573

  • 24a · Other expenses: ACQUISITIONS OF ART

    total $1,758,045 · program services $1,758,045

  • 24b · Other expenses: EXHIBITION EXPENSES

    total $1,113,275 · program services $1,113,275

  • 24c · Other expenses: SPECIAL EVENTS - FUNDRA

    total $566,471 · program services $80,277 · fundraising $486,194

  • 24d · Other expenses: CURATORIAL EXPENSES

    total $335,845 · program services $335,845

  • 24e · All other expenses

    total $952,696 · program services $405,152 · management and general $471,635 · fundraising $75,909

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,213 · end of year $388,190

  • 3 · Pledges and grants receivable

    beginning of year $4,352,807 · end of year $5,643,050

  • 4 · Accounts receivable

    beginning of year $598,840 · end of year $612,408

  • 8 · Inventories for sale or use

    beginning of year $169,917 · end of year $279,980

  • 9 · Prepaid expenses and deferred charges

    beginning of year $680,937 · end of year $980,663

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

    $143,100,860

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

    $73,865,722

  • 10c · Land, buildings and equipment, net

    beginning of year $72,010,727 · end of year $69,235,138

  • 11 · Investments: publicly traded securities

    beginning of year $61,343,312 · end of year $59,285,215

  • 12 · Investments: other securities

    beginning of year $15,930,422 · end of year $26,197,612

  • 15 · Other assets

    beginning of year $1,752,390 · end of year $2,223,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,409,597 · end of year $1,567,433

  • 19 · Deferred revenue

    beginning of year $1,090,387 · end of year $1,249,143

  • 25 · Other liabilities

    beginning of year $997,100 · end of year $595,805

  • 27 · Net assets without donor restrictions

    beginning of year $86,609,400 · end of year $87,143,846

  • 28 · Net assets with donor restrictions

    beginning of year $66,759,081 · end of year $74,289,071

Mission and programs · 2024

Mission

TO INSPIRE AND EDUCATE PEOPLE IN THE GREATER MILWAUKEE AREA, ACROSS THE STATE OF WISCONSIN AND BEYOND BY COLLECTING, PRESERVING AND PRESENTING ART; TO EXPAND AND DIVERSIFY THE LOCAL ARTISTIC AND CULTURAL IDENTITY OF THE GREATER MILWAUKEE AREA, AND EDUCATE BOTH RESIDENTS AND VISITORS ABOUT ART AND ART HISTORY; TO ENCOURAGE COMMUNITY DEVELOPMENT BY SUPPORTING EMERGING ARTS AND ARTISTS, AND TO OFFER FAMILY-FRIENDLY EDUCATIONAL PROGRAMS DESIGNED TO ENHANCE THE ARTISTIC SPIRIT OF THE LOCAL COMMUNITY; TO PRESERVE, PROTECT AND MAINTAIN THE CALATRAVA ADDITION, THE FIRST BUILDING IN THE UNITED STATES TO BE DESIGNED BY SANTIAGO CALATRAVA, AND TO WORK IN COOPERATION WITH PUBLIC ENTITIES IN THE USE OF THE SAARINEN AND KAHLER BUILDINGS, CITY PROPERTY AND LAKEFRONT LANDS.

Activities or mission (Part I)

WE SHARE EXTRAORDINARY WORKS OF ART, REVEAL THEIR COMPELLING STORIES, AND CREATE MEANINGFUL EXPERIENCES TO GROW AND INSPIRE OUR COMMUNITY.

  • PRESENTATION AND CURATORIAL: SPECIAL EXHIBITS DURING FISCAL YEAR 2025 INCLUDED ERIN SHIRREFF; PERMANENT DRAFTS; THE BRILLIANCE OF THE SPANISH WORLD: EL GRECO, VELASQUEZ, ZURBARAN; REVIVING THE DANCE OF DEATH; FARM TO FRAME; WINTER SERIES: MEADOW; TRUE STORY: PHOTOGRAPHY, JOURNALISM AND MEDIA; ROBERT LONGO: THE ACCELERATION OF HISTORY; LIGHT AND SHADOW: JOHN CONSTABLE'S ENGLISH LANDSCAPES IN PRINT: CURRENTS39: LATOYA M. HOBBS, CARVING OUT TIME; AND 2025 SCHOLASTIC ART AWARDS: WISCONSIN EXHIBITION

    Expenses $7,984,483 · Revenue $15,690

  • AUDIENCE, COMMUNICATION, AND MEMBER DEVELOPMENT: ADMISSIONS AND TOURS FOR FISCAL YEAR 2025 TOTALED 243,116. 593 VOLUNTEERS ASSISTED IN ACTIVITIES.

    Expenses $5,500,421 · Revenue $2,405,055

  • BUSINESS OPERATIONS AND ACQUISITION OF ART: EXPENSES INCURRED IN OPERATION OF THE MUSEUM'S CAFE AND GIFT SHOP AS WELL AS EXPENDITURES ASSOCIATED WITH ACQUIRING NEW PIECES FOR THE PERMANENT COLLECTION.

    Expenses $2,484,061 · Revenue $698,968

  • EDUCATION: WE SERVED A TOTAL OF 134,487 PEOPLE IN EDUCATION PROGRAMS IN FISCAL YEAR 2025. WE MAKE THE MUSEUM A GATHERING PLACE FOR ALL AGES TO EXPERIENCE THE ARTS. ADULT EDUCATION PROGRAMS ENHANCE GALLERY INTERPRETATION STRATEGIES, EXPAND EDUCATIONAL PROGRAMS IN THE GALLERIES TO ANIMATE THE ART AND ENCOURAGE DEEPER CONNECTIONS BETWEEN VISITORS AND THE ART. PROGRAMS INCLUDE GALLERY TALKS, LECTURES, SYMPOSIA, MUSICAL PERFORMANCE AND MORE. SCHOOL EDUCATION PROGRAMS ALIGN OUR PROGRAMS WITH FEDERAL, STATE, AND LOCAL EDUCATION AGENDAS TO SERVE SCHOOL CHILDREN THROUGH SCHOOL TOUR PROGRAMS FROM 214 SCHOOLS. OTHER PROGRAMS SERVED 479 SCHOOLS INCLUDING THE JR. DOCENT PROGRAM, SCHOLASTIC ART AWARDS, KOHL'S ART STUDIO, OUR HIGH SCHOOL AND TEEN PROGRAMS, ALONG WITH TEACHER WORKSHOPS AND PASSES. YOUTH PROGRAMS ENGAGE YOUNG CHILDREN EARLY AND OFTEN BY PROVIDING BETTER ON-SITE PROVISIONS, PROGRAMS, AND INFRASTRUCTURE FOR FAMILIES.

    Expenses $1,774,330 · Revenue $25,700

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JEFFERY W YABUKI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ROSANNE KROPP

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOAN LUBAR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHRIS ABELE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE ATTANASIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL BADER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONALD W BAUMGARTNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONNA BAUMGARTNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILL BELKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOE CHECOTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MAUREE CHILDRESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER DAMSGAARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ELLEN GLAISNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOE GROMACKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILIAM HAACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN KENNEDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALEX C KRAMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY S KRAUSEN

    TRUSTEE (THRU NOV 2024)

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND R KRUEGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TOM LACY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOAN LUBAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIANNE LUBAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHELDON B LUBAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WAYNE LUEDERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL P MAHONEY

    TRUSTEE (THRU FEB 2025)

    Total calculated
    $0
    Hours/week
    1

  • MARCELIA NICHOLSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDY NUNEMAKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOEL QUADRACCI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JILL PELISEK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SANDE ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE SELIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY STROHMAIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SYMPHONY SWAN-ZAWADI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE SYMCHYCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHY THORNTON-BIAS

    TRUSTEE (THRU DEC 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN UTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN WILHELMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SARAH ZIMMERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARCELLE POLEDNIK

    DONNA & DONALD BAUMGARTNER DIRECTOR

    Total calculated
    $565,495
    From this org
    $533,191
    From related orgs
    $0
    Other
    $32,304
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $493,191
    Bonus
    $40,000
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $21,954
    Filer's total
    $565,495

  • ALISSA KARL

    CFO & COO

    Total calculated
    $225,010
    From this org
    $212,275
    From related orgs
    $0
    Other
    $12,735
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $212,275
    Bonus
    $0
    Other
    $0
    Deferred
    $6,458
    Nontaxable benefits
    $6,277
    Filer's total
    $225,010

  • ANDRE ALLAIRE

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $250,469
    From this org
    $236,066
    From related orgs
    $0
    Other
    $14,403
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $236,066
    Bonus
    $0
    Other
    $0
    Deferred
    $7,171
    Nontaxable benefits
    $7,232
    Filer's total
    $250,469

  • SCOTT SCHWEBEL

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $225,861
    From this org
    $202,181
    From related orgs
    $0
    Other
    $23,680
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $202,181
    Bonus
    $0
    Other
    $0
    Deferred
    $993
    Nontaxable benefits
    $22,687
    Filer's total
    $225,861

  • ELIZABETH SIEGEL

    CHIEF OF CURATORIAL AFFAIRS

    Total calculated
    $213,412
    From this org
    $184,782
    From related orgs
    $0
    Other
    $28,630
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,782
    Bonus
    $0
    Other
    $0
    Deferred
    $5,949
    Nontaxable benefits
    $22,681
    Filer's total
    $213,412

  • AMY KIRSCHKE

    BBL CHIEF OF LEARNING & ENGAGEMENT

    Total calculated
    $167,184
    From this org
    $155,202
    From related orgs
    $0
    Other
    $11,982
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,202
    Bonus
    $0
    Other
    $0
    Deferred
    $4,772
    Nontaxable benefits
    $7,210
    Filer's total
    $167,184

  • LINDA WOODS

    CHIEF OF PEOPLE AFFAIRS

    Total calculated
    $168,917
    From this org
    $145,203
    From related orgs
    $0
    Other
    $23,714
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,203
    Bonus
    $0
    Other
    $0
    Deferred
    $4,690
    Nontaxable benefits
    $19,024
    Filer's total
    $168,917

  • MARGARET ANDERA

    SENIOR CURATOR OF CONTEMPORARY ART

    Total calculated
    $162,572
    From this org
    $144,475
    From related orgs
    $0
    Other
    $18,097
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,475
    Bonus
    $0
    Other
    $0
    Deferred
    $4,494
    Nontaxable benefits
    $13,603
    Filer's total
    $162,572

  • KANTARA SOUFFRANT

    SENIOR DIRECTOR OF COMMUNITY PROGRAMS

    Total calculated
    $152,818
    From this org
    $148,192
    From related orgs
    $0
    Other
    $4,626
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $148,192
    Bonus
    $0
    Other
    $0
    Deferred
    $4,440
    Nontaxable benefits
    $186
    Filer's total
    $152,818

  • DAVID RUSSICK

    SENIOR EXHIBITION DESIGNER

    Total calculated
    $135,295
    From this org
    $121,935
    From related orgs
    $0
    Other
    $13,360
    Hours/week
    40

  • DANIEL SOMERS

    DIRECTOR OF FACILITIES

    Total calculated
    $133,118
    From this org
    $115,963
    From related orgs
    $0
    Other
    $17,155
    Hours/week
    40 + 10 related

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 · 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE MUSEUM OCCASIONALLY PAYS FOR COMPANION TRAVEL FOR THE DIRECTOR. THESE TRIPS ARE APPROVED IN ADVANCE BY THE BOARD PRESIDENT. THE BENEFIT IS TREATED AS TAXABLE COMPENSATION TO THE DIRECTOR. THE MUSEUM PAYS FOR DUES TO THE UNIVERSITY CLUB, WHICH THE DIRECTOR USES FOR BUSINESS MEETINGS AND DONOR CULTIVATION. ANY PERSONAL DINNERS/EVENTS ARE REIMBURSED TO THE MUSEUM BY THE DIRECTOR. THE BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE DIRECTOR.
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

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.

  • MUSEUM CENTER PARK INC

    501(C)(3) · TO SUPPORT MILWAUKEE ART MUSEUM, INC. · WI · controlled entity

    Directly controlled by MILWAUKEE ART MUSEUM INC

Provenance

Return type
form_990
Tax year
2024
Filed
9 July 2026
IRS schema version
2024v5.5
Source object
202601959349302050

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