NORTH CAROLINA MUSEUM OF ART FOUNDATION INC

As filed

Subsection

03

NTEE code

A110

Classification

1200

Street

4630 MAIL SERVICE CTR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THE MUSEUM OF ART IS PARTIALLY SUPPORTED BY STATE APPROPRIATIONS THAT LARGELY FUND STATE STAFF POSITIONS AND THEIR RELATED BENEFITS, AND A PORTION OF THE OPERATING COSTS OF RUNNING THE MUSEUM. THE FOUNDATION PROVIDES THE MAJORITY OF FINANCIAL SUPPORT NEEDED FOR EDUCATION, CURATORIAL, PROGRAMMING AND MARKETING OF THE MUSEUM INCLUDING SUPPORT FOR STATEWIDE AND MUSEUM-BASED EDUCATION PROGRAMMING, SPECIAL TRAVELING ART EXHIBITIONS, SUPPLEMENTAL ART CONSERVATIONS FUNDS, AND PUBLIC PROGRAMMING. THE FOUNDATION ALSO CULTIVATES DONORS FOR COMMISSIONED WORKS OF ART AND CONTRIBUTIONS FOR ART ACQUISITIONS. ALL ART PURCHASED OR COMMISSIONED IS GIFTED BY THE FOUNDATION TO THE MUSEUM. A LARGE MAJORITY OF THE ARTWORK HELD IN THE MUSEUM'S ART COLLECTION HAS BEEN GIFTED BY THE FOUNDATION.

  Expenses $17,164,565 · Grants $8,786,695 · Revenue $1,102,151

• THE FOUNDATION MANAGES APPROXIMATELY 33 ACRES OF REAL ESTATE ADJACENT TO THE MUSEUM PARK, WHICH ENCOMPASSES LANDSCAPING AND PARKING.

  Expenses $1,019,972

• THE NORTH CAROLINA MUSEUM OF ART FOUNDATION PROVIDES OVERSIGHT MANAGEMENT TO THE OUTSOURCED ON-SITE FULL SERVICE RESTAURANT AND CONCESSION FOOD SERVICES. THE NORTH CAROLINA MUSEUM OF ART FOUNDATION PROVIDES DAY-TO-DAY MANAGEMENT OF THE MUSEUM'S RETAIL STORE. IN ADDITION, THE FOUNDATION ALSO PLANS AND MANAGES A PORTFOLIO OF SPECIAL EVENTS INCLUSIVE OF CORPORATE RENTALS, CONFERENCES WEDDINGS, DONOR CULTIVATION EVENTS, AND MEMBERSHIP PROGRAMMING.

  Expenses $558,158 · Revenue $552,987

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $32,272,133

  Expenses

  $25,061,725

  Contributions

  $24,498,173

  Grants paid

  $8,786,695

• 2023

  Revenue

  $20,314,001

  Expenses

  $16,399,583

  Contributions

  $14,094,184

  Grants paid

  $1,682,789

• 2022

  Revenue

  $18,780,354

  Expenses

  $13,185,407

  Contributions

  $14,408,518

  Grants paid

  $972,298

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2024 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2023 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2022 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $17,411,400

  Expenses

  $13,035,904

  Assets (EOY)

  $74,020,662

• 2021 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2020 · 990

  Revenue

  $13,828,837

  Expenses

  $7,881,728

  Assets (EOY)

  $80,876,506

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $12,442,840

  Expenses

  $12,720,293

  Assets (EOY)

  $67,327,606

• 2018 · 990

  Revenue

  $12,642,014

  Expenses

  $12,532,712

  Assets (EOY)

  $66,554,402

• 2017 · 990

  Revenue

  $18,732,777

  Expenses

  $17,564,168

  Assets (EOY)

  $63,915,936

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• NORTH CAROLINA DEPARTMENT OF NATURAL AND CULTURAL RESOURCES

  $8,000,000

  2024 · BUILDING IMPROVEMENTS AND ART WORK FOR THE NORTH CAROLINA MUSEUM OF ART

• NORTH CAROLINA DEPARTMENT OF NATURAL AND CULTURAL RESOURCES

  $0

  2023 · ARTWORK FOR NORTH CAROLINA MUSEUM OF ART

• NORTH CAROLINA DEPARTMENT OF NATURAL AND CULTURAL RESOURCES

  $0

  2022 · ARTWORK FOR NORTH CAROLINA MUSEUM OF ART

Where these grants went next →

Grants received

• DONOR ADVISED CHARITABLE GIVING

  $600,550

  2024 · ARTS, CULTURE & HUMANITIES

• ROCHESTER AREA COMMUNITY FOUNDATION

  $500,000

  2024 · GENERAL SUPPORT

• TRIANGLE COMMUNITY FOUNDATION

  $330,500

  2024 · ARTS-CULTR-HUMAN

• TRIANGLE COMMUNITY FOUNDATION

  $320,509

  2022 · ARTS-CULTR-HUMAN

• DONOR ADVISED CHARITABLE GIVING

  $278,575

  2022 · ARTS, CULTURE & HUMANITIES

• T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC

  $250,000

  2024 · MULTIPLE

• ROCHESTER AREA COMMUNITY FOUNDATION

  $215,000

  2022 · FOR REIMAGINING THE POSSIBLE, SUPPORTING THE EUROPEAN COLLECTION REINSTALLATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $189,667

  2024 · For grant recipient's exempt purposes

• DONOR ADVISED CHARITABLE GIVING

  $109,290

  2023 · ARTS, CULTURE & HUMANITIES

• WINSTON-SALEM FOUNDATION

  $83,532

  2024 · 23 grant(s) for varying purposes

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files