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PIERPONT MORGAN LIBRARY

EIN 13-1624146 NEW YORK, NY

Revenue 2024
$55,087,598
Expenses 2024
$42,662,741

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B700
Classification
1000
Street
225 MADISON AVE

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

Mission

The Morgan Library & Museum celebrates and shares the history and process of human creativity from antiquity to the present day through the preservation, study, and interpretation of a dynamic and growing collection.

Activities or mission (Part I)

Museum and independent research library (see Schedule O)located in the heart of New York City, the Morgan Library & Museum began as the personal library of financier, collector, and cultural benefactor J. Pierpont Morgan (1837-1913). The Morgan offers the public close encounters with great works of human accomplishment in a setting treasured for its intimate scale and historic significance. Its collections of manuscripts, rare books, music, drawings, and other works of art comprise a unique record of civilization, as well as an incomparable repository of ideas and the creative process.

  • Curatorial: The Morgan Library & Museum ("the Morgan") occupies a midtown Manhattan campus comprised of three landmarked buildings that are joined by pavilions constructed of steel-and-glass panels designed by renowned architect Renzo Piano. The Morgan houses one of the world's greatest collections of artistic, literary, musical, and historical works. Included in its holdings are original scores of Mozart and Beethoven, drawings by Rembrandt and Rubens, medieval and Renaissance works, three Gutenberg Bibles, literary manuscripts by Dickens and Twain, and five-thousand-year-old carvings from the countries of ancient Western Asia. The Morgan recorded 308,582 visitors over the fiscal year, primarily for a wide variety of changing exhibitions encompassing (continued on Schedule O)works from the Morgan's permanent collection and from other museums and libraries in the U.S. and abroad. Exhibitions during fiscal year 2025 included "Beatrix Potter: Drawn to Nature;" "Walton Ford: Animal Studies and Sketches;" "Belle da Costa Greene: A Librarian's Legacy; and "Franz Kafka." The Morgan's curators plan the exhibitions, oversee the permanent collection, prepare exhibition and collection-related catalogs, organize symposia, host graduate seminars, and provide research and other services to the scholarly community.The extraordinary group of medieval and Renaissance manuscripts; printed books and bindings; literary, historical, and music manuscripts; drawings and prints; and ancient cylinder seals that J. Pierpont Morgan brought together were among the first important collections of their kind in America and form what is today the core of the Morgan's holdings. (The collection now includes photography and modern and contemporary drawings as well.) In overall quality and importance, these collections are among the finest in the world, distinguished by the high percentage of items that are unique or exceptionally rare. One of only a handful of American institutions devoted to these specialized areas, the Morgan maintains an active acquisitions program and now holds several hundred thousand items in its collection.The Morgan's Drawing Institute is devoted to the interpretation, conservation, and theory of old master and modern drawing with the goal of stimulating new lines of investigation and discourse. The Drawing Institute supports research through annual fellowships; publications; small, focused exhibitions; and an ongoing series of symposia, seminars, and lectures.

    Expenses $21,321,690 · Grants $108,048 · Revenue $4,706,479

  • Library and Museum Services: The Morgan Library & Museum is one of nineteen independent research libraries in the United States and, as such, makes its collections available to qualified researchers for study on-site in the Sherman Fairchild Reading Room and the Drawing Study Center. An online catalog of the collections is accessible at www.themorgan.org and assists researchers both on-and off-site. Active digitization and publication programs help to extend the reach of the Morgan's scholarly services and support study of the collections.The Morgan has had professional paper and book conservation facilities since the 1950s, when they were among the first such labs in the United States. The Morgan's conservation facilities (continued on Schedule O) were dramatically enhanced with the 2002 completion of the Thaw Conservation Center. The Morgan's conservators oversee the preservation of the collections and also undertake surveys and treatment projects of discrete collection areas. The collections consist almost entirely of works on paper and related porous supports (vellum, parchment, papyri), and the conservators have developed special expertise in the conservation, restoration, and repair of such objects. Both a working and teaching facility, the Thaw Center receives requests for assistance from institutions in the United States and abroad. It offers fellowships in conservation techniques and practices.

    Expenses $5,090,493 · Revenue $289,702

  • Public Programs: During fiscal year 2025, the Morgan offered a variety of programs to both onsite and online visitors. This included 44 programs for adults onsite, attracting 5,571 attendees to a diverse array of lectures, concerts, performances, symposia, conversations, workshops, festivals, films, and tours. Additionally, 505 daily highlights and special exhibition tours drew a total of 11,814 people. Online programs continued with 26 programs, attracting 2,547 attendees worldwide to short courses, lectures, and discussions. The Morgan's school programs offered both in-person and virtual activities, engaging 7,855 participants in K-12 student and teacher programs; 3,503 participants in family and 37 teen programs; and 322 college students, spanning diverse communities.

    Expenses $4,510,900 · Revenue $173,730

  • Museum Publications and Retail: The Morgan maintains an active publications program, producing catalogues related to its exhibitions and items in its permanent collections. These catalogues are made available to the public, along with other exhibition and collection-related merchandise, through the Morgan's on-site retail shop and through the Morgan's website.

    Expenses $2,445,172 · Revenue $1,044,828

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

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.

  • G Scott Clemons

    Co-President

    Total calculated
    $0
    Hours/week
    5

  • Robert King Steel

    Co-President

    Total calculated
    $0
    Hours/week
    5

  • Martha McGarry Miller

    Vice President

    Total calculated
    $0
    Hours/week
    3

  • Clement C Moore II

    Vice President

    Total calculated
    $0
    Hours/week
    3

  • George L K Frelinghuysen

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Patricia Morton

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Mohit Assomull

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Allison Binns

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Susanna Borghese

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karen B Cohen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Martha J Fleischman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Frederick J Iseman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jerker M Johansson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eric L Motley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter Pennoyer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Katharine J Rayner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Annette de la Renta

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Donna Perret Rosen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joshua W Sommer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rachel R Stern

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alyce Williams Toonk

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Colin B Bailey

    Director

    Total calculated
    $896,039
    From this org
    $772,730
    From related orgs
    $0
    Other
    $123,309
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $772,730
    Bonus
    $0
    Other
    $0
    Deferred
    $93,476
    Nontaxable benefits
    $29,833
    Filer's total
    $896,039

  • Kristina W Stillman

    Dir. of Fin./Adm & Asst. Treasurer

    Total calculated
    $421,701
    From this org
    $345,857
    From related orgs
    $0
    Other
    $75,844
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $345,857
    Bonus
    $0
    Other
    $0
    Deferred
    $43,476
    Nontaxable benefits
    $32,368
    Filer's total
    $421,701

  • Jessica B Ludwig

    Deputy Dir.& Asst.Secretary

    Total calculated
    $335,247
    From this org
    $286,561
    From related orgs
    $0
    Other
    $48,686
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $286,561
    Bonus
    $0
    Other
    $0
    Deferred
    $33,713
    Nontaxable benefits
    $14,973
    Filer's total
    $335,247

  • John J Marciari

    Dir. of Curatorial Affairs

    Total calculated
    $239,035
    From this org
    $203,203
    From related orgs
    $0
    Other
    $35,832
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $203,203
    Bonus
    $0
    Other
    $0
    Deferred
    $20,238
    Nontaxable benefits
    $15,594
    Filer's total
    $239,035

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. 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $55,087,598
    Expenses
    $42,662,741
    Contributions
    $29,030,601
    Grants paid
    $108,048
  • 2024
    Revenue
    $55,087,598
    Expenses
    $41,926,115
    Contributions
    $29,030,601
    Grants paid
    $108,048
  • 2023
    Revenue
    $58,672,728
    Expenses
    $34,392,554
    Contributions
    $38,669,823
    Grants paid
    $103,549
  • 2022
    Revenue
    $23,737,274
    Expenses
    $31,437,927
    Contributions
    $10,537,116
    Grants paid
    $98,204

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
    $59,153,120
    Expenses
    $26,123,983
    Assets (EOY)
    $416,332,166

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2020 · 990

    Revenue
    $25,823,209
    Expenses
    $22,832,553
    Assets (EOY)
    $418,437,020

  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2019 · 990

    Revenue
    $30,703,871
    Expenses
    $28,143,549
    Assets (EOY)
    $345,611,294

  • 2018 · 990

    Revenue
    $35,929,819
    Expenses
    $27,775,744
    Assets (EOY)
    $370,490,806

  • 2017 · 990

    Revenue
    $43,314,751
    Expenses
    $26,070,973
    Assets (EOY)
    $367,845,999

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

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

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

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.