Form 990 for tax year 2022
Filed by SOLOMON R GUGGENHEIM FOUNDATION.
Totals
- Total revenue
- $75,933,810
- Total expenses
- $71,157,329
- Contributions and grants received
- $44,263,492
- Grants paid
- $0
- Program service revenue
- $28,149,438
- Investment income
- -$310,705
- Other revenue
- $3,831,585
- Total assets, end of year
- $232,151,018
- Total liabilities, end of year
- $111,230,668
- Net assets or fund balances, end of year
- $120,920,350
- Program services expenses (Part IX)
- $45,779,428
- Management and general expenses
- $20,440,786
- Fundraising expenses
- $4,937,115
- Program service expenses (Part III)
- $45,779,428
Program services were 64.3% 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
$3,491,343
-
1c · Fundraising events
$2,795,689
-
1e · Government grants (contributions)
$3,213,783
-
1f · All other contributions, gifts and grants
$34,762,677
-
1g · Noncash contributions included above
$2,041,962
-
2a · Program service revenue: ADMISSION INCOME
total $16,487,137 · related or exempt $16,487,137
-
2b · Program service revenue: MUSEUM AND PROGRAM COLLABORATIONS
total $8,534,194 · related or exempt $8,534,194
-
2c · Program service revenue: EXHIBITIONS
total $3,128,107 · related or exempt $3,128,107
-
3 · Investment income
total $1,093,028 · excluded $1,093,028
-
5 · Royalties
total $2,195,067 · unrelated business $480,389 · excluded $1,714,678
-
6a · Gross rents
real property $113,981
-
6b · Less rental expenses
real property $160,942
-
6c · Rental income or loss
real property -$46,961
-
6d · Net rental income or loss
total -$46,961 · excluded -$46,961
-
7a · Gross sales of assets other than inventory
securities $13,546,252
-
7b · Less cost or other basis and sales expenses
securities $14,949,985
-
7c · Gain or loss
securities -$1,403,733
-
7d · Net gain or loss
total -$1,403,733 · excluded -$1,403,733
-
8a · Fundraising events: gross income
$1,069,606
-
8a · Fundraising events: contributions included on line 1c
$2,795,689
-
8b · Fundraising events: direct expenses
$2,614,493
-
8c · Net income from fundraising events
total -$1,544,887 · excluded -$1,544,887
-
10a · Gross sales of inventory
$2,330,030
-
10b · Cost of goods sold
$976,864
-
10c · Net income from sales of inventory
total $1,353,166 · unrelated business $124,653 · excluded $1,228,513
-
11a · Other revenue: ART SALE PROCEEDS
total $1,126,656 · excluded $1,126,656
-
11b · Other revenue: CORPORATE EVENTS
total $449,630 · excluded $449,630
-
11c · Other revenue: RESTAURANT INCOME
total $250,847 · excluded $250,847
-
11d · All other revenue
total $48,067 · excluded $48,067
-
11e · Other revenue, total
$1,875,200
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $3,600,455 · program services $323,833 · management and general $2,874,394 · fundraising $402,228
-
6 · Compensation of disqualified persons
total $185,929 · management and general $185,929
-
7 · Other salaries and wages
total $26,175,694 · program services $20,151,443 · management and general $3,898,550 · fundraising $2,125,701
-
8 · Pension plan contributions
total $705,387 · program services $491,064 · management and general $170,913 · fundraising $43,410
-
9 · Other employee benefits
total $3,477,327 · program services $985,763 · management and general $2,061,318 · fundraising $430,246
-
10 · Payroll taxes
total $1,850,912 · program services $1,353,472 · management and general $363,375 · fundraising $134,065
-
11a · Fees: management
total $1,582,977 · program services $686,145 · management and general $743,832 · fundraising $153,000
-
11b · Fees: legal
total $552,128 · program services $277,721 · management and general $274,407
-
11c · Fees: accounting
total $372,500 · management and general $372,500
-
11d · Fees: lobbying
total $90,000 · management and general $90,000
-
11e · Fees: professional fundraising services
total $137,405 · fundraising $137,405
-
11f · Fees: investment management
total $931,936 · management and general $931,936
-
11g · Fees: other
total $3,800,758 · program services $2,915,717 · management and general $750,691 · fundraising $134,350
-
12 · Advertising and promotion
total $1,056,994 · program services $130,327 · management and general $895,270 · fundraising $31,397
-
13 · Office expenses
total $1,356,106 · program services $605,221 · management and general $436,115 · fundraising $314,770
-
14 · Information technology
total $1,312,135 · program services $83,734 · management and general $1,228,010 · fundraising $391
-
15 · Royalties
total $25,109 · program services $25,109
-
16 · Occupancy
total $9,663,057 · program services $7,648,328 · management and general $1,673,804 · fundraising $340,925
-
17 · Travel
total $1,474,870 · program services $698,729 · management and general $523,067 · fundraising $253,074
-
19 · Conferences, conventions and meetings
total $54,735 · program services $16,818 · management and general $28,459 · fundraising $9,458
-
20 · Interest
total $1,287,149 · program services $1,077,146 · management and general $160,882 · fundraising $49,121
-
22 · Depreciation, depletion and amortization
total $4,380,445 · program services $3,553,591 · management and general $673,608 · fundraising $153,246
-
23 · Insurance
total $928,215 · program services $353,506 · management and general $574,709
-
24a · Other expenses: ART SHIPPING & CRATING
total $1,301,150 · program services $1,296,991 · fundraising $4,159
-
24b · Other expenses: ART PURCHASES
total $1,234,292 · program services $1,234,292
-
24c · Other expenses: SUPPLIES AND MATERIALS
total $1,216,108 · program services $801,357 · management and general $333,669 · fundraising $81,082
-
24e · All other expenses
total $2,403,556 · program services $1,069,121 · management and general $1,195,348 · fundraising $139,087
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $25,947,753 · end of year $21,612,320
-
2 · Savings and temporary cash investments
beginning of year $4,069,639 · end of year $1,296,027
-
3 · Pledges and grants receivable
beginning of year $12,709,715 · end of year $20,293,556
-
4 · Accounts receivable
beginning of year $2,126,436 · end of year $6,716,087
-
8 · Inventories for sale or use
beginning of year $749,641 · end of year $976,211
-
9 · Prepaid expenses and deferred charges
beginning of year $681,497 · end of year $2,235,361
-
10a · Land, buildings and equipment: cost or other basis
$124,119,530
-
10b · Land, buildings and equipment: accumulated depreciation
$81,792,758
-
10c · Land, buildings and equipment, net
beginning of year $44,748,547 · end of year $42,326,772
-
11 · Investments: publicly traded securities
beginning of year $35,565,932 · end of year $35,589,495
-
12 · Investments: other securities
beginning of year $91,615,408 · end of year $77,711,024
-
15 · Other assets
beginning of year $22,080,303 · end of year $23,394,165
-
17 · Accounts payable and accrued expenses
beginning of year $12,111,945 · end of year $10,972,986
-
19 · Deferred revenue
beginning of year $42,212,941 · end of year $38,961,993
-
24 · Unsecured notes and loans payable
beginning of year $22,184,111 · end of year $32,067,241
-
25 · Other liabilities
beginning of year $28,108,480 · end of year $29,228,448
-
27 · Net assets without donor restrictions
beginning of year -$2,642,911 · end of year $3,980,761
-
28 · Net assets with donor restrictions
beginning of year $138,320,305 · end of year $116,939,589
Mission and programs · 2022
Mission
COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION (THE "FOUNDATION") COLLECTS, (CONTINUED ON SCHEDULE O)
Activities or mission (Part I)
COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O)
-
AS PART OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC IN SEVERAL WAYS. THE FOUNDATION STUDIES THE ART IN THE FOUNDATION'S POSSESSION AND PLANS INTERNATIONAL EXHIBITIONS FOR PUBLIC VIEWING. THE FOUNDATION ALSO LENDS MANY OF THE WORKS OF ART IN ITS COLLECTION TO OTHER MUSEUMS ON THE OCCASION OF SPECIAL EXHIBITIONS THAT ARE OF SCHOLARLY MERIT OR THAT WILL BROADEN THE PUBLIC'S APPRECIATION OF ART. THE FOUNDATION MAINTAINS EXTENSIVE CLIMATE-CONTROLLED, HIGHLY SECURE STORAGE FACILITIES FOR THE ART IN ITS COLLECTION. IT ALSO OPERATES A PHOTOGRAPHY STUDIO FOR THE DOCUMENTATION OF ART AND ARCHIVES TO STORE PHOTOGRAPHS OF ART AND MAKE THEM AVAILABLE TO THE PUBLIC FOR PUBLICATION OR STUDY. (CONTINUED ON SCHEDULE O)
Expenses $16,423,180
-
EXHIBITIONS PRESENTED IN 2022 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK (THE "GUGGENHEIM MUSEUM") INCLUDED: ETEL ADNAN, LIGHT'S NEW MEASURE (OCTOBER 22, 2021 - JANUARY 10, 2022); VASILY KANDINSKY: AROUND THE CIRCLE (OCTOBER 22, 2021 - SEPTEMBER 5, 2022); GILLIAN WEARING, WEARING MASKS (NOVEMBER 5, 2021 - APRIL 4, 2022); JENNIE C. JONES, DYNAMICS (FEBRUARY 4 - MAY 2, 2022); CECILIA VICUNA: SPIN SPIN TRIANGULENE (MAY 27 - SEPTEMBER 5, 2022); EVA HESSE, EXPANDED EXPANSION (JULY 8 - OCTOBER 16, 2022); SENSORY POETICS (JULY 8 - OCTOBER 16, 2022); ALEX KATZ, GATHERING (OCTOBER 21, 2022 - FEBRUARY 20, 2023); AND NICK CAVE, FOROTHERMORE (NOVEMBER 18, 2022 - APRIL 10, 2023). (CONTINUED ON SCHEDULE O).
Expenses $13,643,512 · Revenue $11,106,202
-
DURING 2022, THE FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH MUSEUMS ARE OPEN TO THE PUBLIC, CONDUCT VIRTUAL TOURS OF EXHIBITIONS AND PROVIDE EDUCATIONAL TEXTS FREE OF CHARGE IN FULLFILMENT OF THE FOUNDATION'S MISSION. THE GUGGENHEIM MUSEUM WAS OPEN TO THE PUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS, HOSTED ONE OPEN ACCESS WEEKEND IN NOVEMBER 2022 WHICH OFFERED FREE ADMISSION TO ALL VISITORS AND OFFERED REDUCED-PRICE TICKETS TO STUDENTS AND SENIOR CITIZENS. CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FOR FREE.
Expenses $6,382,065 · Revenue $16,391,200
-
(1) DISSEMINATING CURRENT SCHOLARSHIP AND PROMOTING LEARNING ARE THE PRIMARY GOALS OF THE MANY EXHIBITION AND COLLECTION CATALOGUES PRODUCED BY THE FOUNDATION. PUBLICATIONS PRESENT SCHOLARLY AND INSTRUCTIVE ART HISTORICAL INFORMATION IN THE FORM OF ESSAYS THAT CONTEXTUALIZE ART WITHIN LARGER MOVEMENTS OR DISCIPLINES; IN-DEPTH DISCUSSIONS OF INDIVIDUAL ARTWORKS; INTERVIEWS WITH ARTISTS AND REFERENCE TOOLS SUCH AS BIBLIOGRAPHIES, BIOGRAPHIES, CHRONOLOGIES, AND EXHIBITION HISTORIES. PUBLICATIONS IN 2022 INCLUDED ALEX KATZ: GATHERING AND REPRINTS OF JOSEF ALBERS IN MEXICO AND HILMA AF KLINT: PAINTINGS FOR THE FUTURE. (2) SIGNIFICANT EXHIBITION, COLLECTIONS, EDUCATION, AUDIO, VIDEO, AND CATALOGUES ARCHIVES CONTENT IS AVAILABLE TO THE PUBLIC, FREE OF CHARGE, ON GUGGENHEIM.ORG INCLUDING MORE THAN 1,920 ARTWORKS BY MORE THAN 700 ARTISTS IN THE COLLECTION ONLINE. IN 2022 THE FOUNDATION PUBLISHED 23 VIDEOS AND 226 AUDIO TRACKS, BRINGING THE TOTAL VIDEOS AVAILABLE ON THE SITE TO MORE THAN 620 AND AUDIO TRACKS TO NEARLY 1,400. ADDITIONALLY IN 2022, THE FOUNDATION PUBLISHED 21 BLOG POSTS THAT PROVIDE INSIGHTS INTO EXHIBITIONS, CONTEMPORARY ART, GLOBAL CULTURE, AND MUSEUM ARCHIVES AND HISTORY, BRINGING THE TOTAL NUMBER AVAILABLE ONLINE TO OVER 1,100. IN 2022, GUGGENHEIM.ORG HAD APPROXIMATELY 4,205,403 USER SESSIONS, 2,881,592 USERS AND 21,384,396 PAGE VIEWS. THE BLOOMBERG CONNECTS APP HAS PROVIDED DEEP ENGAGEMENT FOR DIVERSE AUDIENCES WITH THE GUGGENHEIM MUSEUM'S MODERN AND CONTEMPORARY ART, IN THE MUSEUM AND AT HOME. THE DOWNLOADABLE APP WAS INSTALLED OVER 9,300 TIMES AND USED MORE THAN 12,100 TIMES IN 2022. IN 2022, THE FOUNDATION'S EDUCATION AND PUBLIC ENGAGEMENT DEPARTMENTS DEMONSTRATED THE FOUNDATION'S COMMITMENT TO SERVING AUDIENCES AND WELCOMING VISITORS THROUGH A COMBINATION OF ONSITE AND VIRTUAL ENGAGEMENT. THE EDUCATION DEPARTMENT OFFERED IN-PERSON PROGRAMMING FOR SCHOOL, YOUTH, FAMILY, AND ADULT AUDIENCES. IN ADDITION, THE FOUNDATION'S LEARNING THROUGH ART PROGRAM CONTINUED TO BRING LIVE INSTRUCTION TO 51 CLASSROOMS ACROSS THE FIVE BOROUGHS OF NEW YORK CITY AND MOUNTED A SIX WEEK EXHIBITION OF STUDENT WORK IN THE GUGGENHEIM MUSEUM. IN 2022, PROGRAMS FOR TEENS INCLUDED ACADEMIC YEAR PAID OPPORTUNITIES, TEEN NIGHTS, AND SUMMER AND SCHOOL BREAK INTENSIVE COURSES. THE ACADEMIC ENGAGEMENT DEPARTMENT HOSTED BOTH AN INTERNSHIP PROGRAM AND A VIRTUAL SUMMER COLLEGE WORKSHOP.THE FOUNDATION'S PUBLIC PROGRAMS DEPARTMENT CONTINUED TO OFFER BOTH IN-PERSON AND ONLINE PROGRAMS, SERVING OVER 2042 PARTICIPANTS. THE NEW POET-IN-RESIDENCE INITIATIVE, WHICH IS CO-PRESENTED WITH THE ACADEMY OF AMERICAN POETS, PRODUCED POETRY AUDIO TRACKS AND VIDEO DOCUMENTS. THE FOUNDATION ALSO PRESENTED ITS LONGEST STANDING SCHOLARLY LECTURE PROGRAM, THE ANNUAL HILLA REBAY LECTURE, TO A VIRTUAL AUDIENCE IN 2022. (3) THE FOUNDATION EDUCATED THE GENERAL PUBLIC THROUGH FREE WITH ADMISSION GUIDED AUDIO TOURS, THE GALLERY GUIDE PROGRAM, WEEKLY FAMILY PROGRAMS AND FILM SCREENINGS, COURSES, LECTURES, SYMPOSIA, PERFORMANCES, AND OTHER PROGRAMS. THE GUGGENHEIM MUSEUM WELCOMES STUDENTS AT ALL PUBLIC PROGRAMS AND OFFERS DISCOUNTED OR COMPLIMENTARY TICKETS TO STUDENTS WITH VALID ID. THE FOUNDATION'S MIND'S EYE PROGRAM EXPLORED CURRENT EXHIBITIONS THROUGH TELECONFERENCE MEETINGS, VIRTUAL TOURS, AND VERBAL DESCRIPTIONS FOR VISITORS WHO ARE BLIND OR HAVE LOW VISION. VISITORS WHO ARE DEAF OR HARD OF HEARING WERE SERVED THROUGH ASL-INTERPRETED VIDEOS. FAMILY PROGRAMS WERE AVAILABLE TO VISITORS ONSITE EVERY SUNDAY, ENCOURAGING THEM TO EXPLORE THE GUGGENHEIM MUSEUM THROUGH FAMILY TOURS AND ART MAKING WORKSHOPS BOTH IN THE GALLERIES AND IN THE MUSEUM'S STUDIO SPACE. K-12 SCHOOL GROUPS PARTICIPATED IN INTERACTIVE MUSEUM TOURS THAT WERE CUSTOMIZED FOR CHILDREN WITH DEVELOPMENTAL OR SPECIAL NEEDS THROUGH THE GUGGENHEIM FOR ALL INITATIVE. THE FOUNDATION CONTINUED TO OFFER K-12 SCHOOL TOURS FOR NYC PUBLIC SCHOOL STUDENTS AT NO COST. (4) THE GUGGENHEIM ABU DHABI WILL BE LOCATED IN THE CULTURAL DISTRICT OF SAADIYAT ISLAND IN ABU DHABI, THE CAPITAL OF THE UNITED ARAB EMIRATES (UAE). DESIGNED BY INTERNATIONALLY RENOWNED ARCHITECT FRANK GEHRY, THE FUTURE MUSEUM WILL HOUSE ITS OWN MODERN AND COMTEMPORARY ART COLLECTION AND PRESENT SPECIAL EXHIBITIONS.
Expenses $9,330,671 · Revenue $652,036
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard ArmstrongRICHARD ARMSTRONG
TRUSTEE/DIR. OF MUSEUM & FDTN.
- Total calculated
- $1,590,428
- From this org
- $819,010
- From related orgs
- $0
- Other
- $771,418
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $819,010
- Bonus
- $0
- Other
- $0
- Deferred
- $752,975
- Nontaxable benefits
- $18,443
- Filer's total
- $1,590,428
-
Jon Imanol AzuaJON IMANOL AZUA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Lisa BakerLISA BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Abigail Williams BarattaABIGAIL WILLIAMS BARATTA
TRUSTEE (AS OF 06/2022)
- Total calculated
- $0
- Hours/week
- 3
-
Cindy Chua-TayCINDY CHUA-TAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Paul CronsonPAUL CRONSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dimitris DaskalopoulosDIMITRIS DASKALOPOULOS
TRUSTEE/VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Charles M DikerCHARLES M DIKER
TRUSTEE/VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Thomas R EllisTHOMAS R ELLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Gail May EngelbergGAIL MAY ENGELBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Wendy FisherWENDY FISHER
TRUSTEE/PRESIDENT
- Total calculated
- $0
- Hours/week
- 8
-
Andrew GundlachANDREW GUNDLACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
J Tomilson HillJ TOMILSON HILL
TRUSTEE/CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Rashid JohnsonRASHID JOHNSON
TRUSTEE/VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Francesca LavazzaFRANCESCA LAVAZZA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Peter Lawson-JohnstonPETER LAWSON-JOHNSTON
TRUSTEE/HONORARY CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Peter Lawson-Johnston IIPETER LAWSON-JOHNSTON II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
William L MackWILLIAM L MACK
TRUSTEE/CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 5
-
Linda MackloweLINDA MACKLOWE
TRUSTEE/VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Wendy L-J McNeilWENDY L-J MCNEIL
TRUSTEE/VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Vladimir O PotaninVLADIMIR O POTANIN
TRUSTEE (THRU 03/2022)
- Total calculated
- $0
- Hours/week
- 2
-
Claudia RankineCLAUDIA RANKINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Stephen RobertSTEPHEN ROBERT
TRUSTEE/TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Brian RobinsonBRIAN ROBINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Denise SaulDENISE SAUL
TRUSTEE/VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Barbara SlifkaBARBARA SLIFKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Mark R WalterMARK R WALTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Frank YuFRANK YU
TRUSTEE (AS OF 03/2022)
- Total calculated
- $0
- Hours/week
- 3
-
Sarah G AustrianSARAH G AUSTRIAN
DEP DIR, GEN COUNSEL & SEC.
- Total calculated
- $417,320
- From this org
- $385,110
- From related orgs
- $0
- Other
- $32,210
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $385,110
- Bonus
- $0
- Other
- $0
- Deferred
- $16,775
- Nontaxable benefits
- $15,435
- Filer's total
- $417,320
-
Martha WithingtonMARTHA WITHINGTON
DEP DIR, CFO AND INTERIM COO
- Total calculated
- $430,006
- From this org
- $384,352
- From related orgs
- $0
- Other
- $45,654
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $384,352
- Bonus
- $0
- Other
- $0
- Deferred
- $16,775
- Nontaxable benefits
- $28,879
- Filer's total
- $430,006
-
Dana Wallach JonesDANA WALLACH JONES
ASST GEN COUNSEL/ASST SECRETARY
- Total calculated
- $118,300
- From this org
- $114,641
- From related orgs
- $0
- Other
- $3,659
- Hours/week
- 24
-
Karole VailKAROLE VAIL
DIR, PEGGY GUGGENHEIM COLLECTION
- Total calculated
- $332,880
- From this org
- $233,569
- From related orgs
- $0
- Other
- $99,311
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,569
- Bonus
- $0
- Other
- $0
- Deferred
- $16,491
- Nontaxable benefits
- $82,820
- Filer's total
- $332,880
-
Leah Heister BurtonLEAH HEISTER BURTON
DEP DIR, CHIEF ADVANCEMENT OFFICER
- Total calculated
- $411,256
- From this org
- $358,471
- From related orgs
- $0
- Other
- $52,785
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $358,471
- Bonus
- $0
- Other
- $0
- Deferred
- $16,775
- Nontaxable benefits
- $36,010
- Filer's total
- $411,256
-
Naomi BeckwithNAOMI BECKWITH
DEP DIR & STOCKMAN CHIEF CURATOR
- Total calculated
- $329,476
- From this org
- $306,127
- From related orgs
- $0
- Other
- $23,349
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $306,127
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,349
- Filer's total
- $329,476
-
Ben Rawlingson PlantBEN RAWLINGSON PLANT
DEP DIR GBL COMMS PUB AFFAIRS
- Total calculated
- $325,846
- From this org
- $309,504
- From related orgs
- $0
- Other
- $16,342
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $309,504
- Bonus
- $0
- Other
- $0
- Deferred
- $4,680
- Nontaxable benefits
- $11,662
- Filer's total
- $325,846
-
Patricia A JeffersPATRICIA A JEFFERS
DEP DIR CHIEF HR OFFICER
- Total calculated
- $300,840
- From this org
- $296,946
- From related orgs
- $0
- Other
- $3,894
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $296,946
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,894
- Filer's total
- $300,840
-
Ty WoodfolkTY WOODFOLK
DEP DIR CHIEF CULTURE&INCL. OFFICER
- Total calculated
- $264,008
- From this org
- $251,871
- From related orgs
- $0
- Other
- $12,137
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,871
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,137
- Filer's total
- $264,008
-
Cyra LevensonCYRA LEVENSON
DEP DIR&ENGELBERG DIR EDUC&PUB ENG
- Total calculated
- $275,262
- From this org
- $232,317
- From related orgs
- $0
- Other
- $42,945
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,317
- Bonus
- $0
- Other
- $0
- Deferred
- $9,289
- Nontaxable benefits
- $33,656
- Filer's total
- $275,262
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Carol StringariCAROL STRINGARI
DEP DIR & CHIEF CONSERVATOR
- Total calculated
- $221,756
- From this org
- $200,923
- From related orgs
- $0
- Other
- $20,833
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,923
- Bonus
- $0
- Other
- $0
- Deferred
- $8,743
- Nontaxable benefits
- $12,090
- Filer's total
- $221,756
-
Elizabeth Duggal TaghipourELIZABETH DUGGAL TAGHIPOUR
FORMER SR. DEPUTY DIRECTOR & COO
- Total calculated
- $185,929
- From this org
- $185,929
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $7,690
- Bonus
- $0
- Other
- $178,239
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $185,929
-
Nancy SpectorNANCY SPECTOR
FORMER ARTISTIC DIR&STOCKMAN CURATOR
- Total calculated
- $230,000
- From this org
- $230,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $230,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $230,000
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 · Independent compensation consultant
- 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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, LINES 4A-B
- LINE 4A END OF SERVICE PAYMENTS WERE MADE IN THE AMOUNT OF $230,000 TO THE FORMER ARTISTIC DIRECTOR AND CHIEF CURATOR AND IN THE AMOUNT OF $30,757 TO THE FORMER SENIOR DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER. LINE 4B NONQUALIFIED RETIREMENT PLAN THE DIRECTOR OF THE MUSEUM AND FOUNDATION PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. AN ACCRUAL FOR FUTURE PAYMENTS HAS BEEN MADE AND IS REFLECTED ABOVE.
- PART II, COLUMN C - DEFERRED COMPENSATION:
- UNDER A MULTI-YEAR CONTRACTUAL AGREEMENT WITH MR. ARMSTRONG, SCHEDULE J, COLUMN C INCLUDES DEFERRED COMPENSATION OF $736,200 FOR CONTINUED SERVICE TO JANUARY 2023 WITH $368,100 PAID IN JANUARY 2023 AND $368,100 TO BE PAID IN JANUARY 2024. PART II: ELIZABETH DUGGAL TAGHIPOUR, FORMER SENIOR DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER, LEFT THE FOUNDATION AT THE END OF 2021. IN 2022 WHILE SHE WAS NO LONGER AN EMPLOYEE OF THE FOUNDATION, IN ADDITION TO AN END OF SERVICE PAYMENT, SHE RECEIVED PAYMENT FOR (1) SERVICES SHE PROVIDED IN 2021 AS AN EMPLOYEE, WHICH AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(I), (2) VACTION ACCRUED AS AN EMPLOYEE, WHICH AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III), AND (3) CONSULTING SERVICES PROVIDED IN 2022, WHICH AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III). PART III: ALL PAYMENTS DESCRIBED IN (1) PART I LINES 4A AND 4B MADE TO THE DIRECTOR, THE FORMER SENIOR DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER AND THE FORMER ARTISTIC DIRECTOR AND JENNIFER AND DAVID STOCKMAN CURATOR, AND (2) PART II COLUMN B(III) MADE TO THE FORMER SENIOR DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER FOR CONSULTING SERVICES, WERE APPROVED IN ADVANCE BY THE COMPENSATION COMMITTEE OF THE FOUNDATION'S BOARD OF TRUSTEES.
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.
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
GUGGENHEIMCOM INC
C · CEASED OPS · DE · 55% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349308961
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