ISABELLA STEWART GARDNER MUSEUM INC

EIN: 042104334 501(c)(3) Arts, Culture & Humanities

BOSTON, MA

Total Revenue
$19,283,304
Total Expenses
$25,793,696
Total Assets
$313,588,111
Net Assets
$294,981,464
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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
MA
Principal Officer
PEGGY FOGELMAN
Phone
6175661401
Tax Period
2022-07-01 to 2023-06-30

ISABELLA STEWART GARDNER MUSEUM INC, founded in 1936, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.3M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $25.8M exceeded revenue, resulting in a 34% operating deficit.

Mission

ORGANIZATION'S MISSION STATEMENT TRUE TO THE AMBITIOUS VISION OF ITS FOUNDER AND HER SPIRIT OF CREATIVE RISK-TAKING, THE MISSION OF THE ISABELLA STEWART GARDNER MUSEUM IS: - TO BRING TO LIFE AND PRESERVE THE RICH HISTORIC COLLECTION; - TO CULTIVATE TALENT IN THE PURSUIT OF KNOWLEDGE AND ACTS OF CREATION IN THE ARTS AND HUMANITIES; - TO SUPPORT ARTISTS, LANDSCAPE ARCHITECTS, MUSICIANS, SCHOLARS AND STUDENTS; AND - TO ENGAGE LOCAL AND GLOBAL AUDIENCES IN A SANCTUARY OF BEAUTY AND THE ARTS WHERE DEEPLY PERSONAL AND COMMUNAL ADVENTURES UNFOLD.

Program Service Accomplishments

Program 1
Expenses: $16,216,160 Revenue: $5,253,548

COLLECTION AND CONSERVATION - DISTINGUISHED AMONG OTHER GREAT MUSEUMS FOR PRESERVING THE CURATORIAL VISION OF ITS FOUNDER, THE GARDNER MUSEUM IS A WORK OF ART IN TOTALITY. IT ENCOMPASSES A COLLECTION...

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COLLECTION AND CONSERVATION - DISTINGUISHED AMONG OTHER GREAT MUSEUMS FOR PRESERVING THE CURATORIAL VISION OF ITS FOUNDER, THE GARDNER MUSEUM IS A WORK OF ART IN TOTALITY. IT ENCOMPASSES A COLLECTION OF APPROXIMATELY 20,000 OBJECTS, INCLUDING ARCHIVAL ITEMS AND WORKS OF ART SPANNING 30 CENTURIES. ISABELLA STEWART GARDNER BEQUEATHED THIS REMARKABLE COLLECTION AND HISTORIC BUILDING AS A RESOURCE "FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC FOREVER." ON CONTINUAL DISPLAY, THE ONGOING CONSERVATION OF THE COLLECTION EMPLOYS CUTTING EDGE SCIENTIFIC METHODS AND NEW PRACTICES TO PRESERVE, PROTECT, AND SAFEGUARD THESE WORKS FOR POSTERITY. SPECIAL EXHIBITIONS, PUBLICATIONS, AND PUBLIC PROGRAMS FEATURE NEW RESEARCH ON THE MUSEUM'S PERMANENT COLLECTION AND CATALYZE DIALOGUES THAT ADDRESS QUESTIONS OF CONTEMPORARY CULTURAL RELEVANCE.

Program 2
Expenses: $2,131,958 Revenue: $784,644

EDUCATION AND PUBLIC PROGRAMS - THE GARDNER'S EDUCATION AND PUBLIC PROGRAMS CREATE WELCOMING, INCLUSIVE, AND ENJOYABLE LEARNING EXPERIENCES. KNOWN FOR A COMMITMENT TO EXCELLENCE IN TEACHING AS WELL...

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EDUCATION AND PUBLIC PROGRAMS - THE GARDNER'S EDUCATION AND PUBLIC PROGRAMS CREATE WELCOMING, INCLUSIVE, AND ENJOYABLE LEARNING EXPERIENCES. KNOWN FOR A COMMITMENT TO EXCELLENCE IN TEACHING AS WELL AS COLLABORATING WITH LOCAL ARTISTS AND COMMUNITIES, THE GARDNER OFFERS A RICH VARIETY OF PROGRAMS AND RESOURCES FOR CHILDREN AND ADULTS THAT SPARK IN-DEPTH EXPERIENCES WITH WORKS OF ART AND PRESENT OPPORTUNITIES TO ENGAGE WITH SOME OF TODAY'S MOST CREATIVE INDIVIDUALS. IN ADDITION TO HIGH-QUALITY PROFESSIONAL DEVELOPMENT FOR TEACHERS AND DOCENTS, THE MUSEUM CONDUCTS THOUGHTFUL RESEARCH THAT BRINGS NEW KNOWLEDGE TO THE MUSEUM EDUCATION FIELD. THE THINKING THROUGH ART K-12 PROGRAM, KNOWN FOR ITS EMPHASES ON CLOSE LOOKING AND GROUP MEANING MAKING, HAS PRODUCED RESEARCH ON HOW IN-DEPTH EXPERIENCES WITH ART DISCUSSION HELPED BOSTON STUDENTS DEVELOP SIGNIFICANTLY MORE CRITICAL THINKING SKILLS THAN STUDENTS IN CONTROL SCHOOLS WITHOUT THE PROGRAM. WORKING WITH LOCAL ARTISTS, PERFORMERS, CULTURAL LEADERS AND SOCIAL JUSTICE ORGANIZATIONS, THE MUSEUM WORKS TO BUILD MUTUALLY BENEFICIAL RELATIONSHIPS WITH OUR COMMUNITY AND PARTNERS. THIRD THURSDAYS,A SUCCESSFUL EVENING PROGRAM FOR YOUNG ADULTS, HAS BECOME A MODEL FOR MUSEUMS AROUND THE COUNTRY IN ENGAGING YOUNG, LOCAL AUDIENCES. NEIGHBORHOOD SALON LUMINARIES AND STUDIO ARTISTS PROGRAMS BUILD COMMUNITY WITH LOCAL ARTISTS AND CREATIVES, CONNECTING THEM WITH THE MUSEUM, THE STAFF, COLLECTION, AND RESOURCES, INFORMING FUTURE PROGRAM CO-CREATION AND ARTISTIC RESPONSES TO THE GARDNER. EXHIBITION INTERPRETATION AND PROGRAMMING FEATURE A VARIETY OF PERSPECTIVES, CREATING MULTIPLE ENTRY POINTS FOR VISITORS. THE GARDNER AMBASSADORS PAID INTERNSHIP PROVIDES PRACTICAL, COMPENSATED JOB PATHWAYS FOR LOCAL COMMUNITY COLLEGE STUDENTS, EMPHASIZING BOTH PERSONAL CAREER DEVELOPMENT AS WELL AS GROUNDING THEIR LEARNING IN THE VISITOR EXPERIENCE.

Program 3
Expenses: $1,258,296 Revenue: $500,222

MUSIC - A VITAL PART OF ISABELLA STEWART GARDNER'S VISION, MUSIC CONTINUES TO BE CENTRAL TO THE GARDNER MUSEUM'S INTERDISCIPLINARY MISSION. ISABELLA'S MUSEUM OPENED IN 1903 WITH A CONCERT BY THE...

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MUSIC - A VITAL PART OF ISABELLA STEWART GARDNER'S VISION, MUSIC CONTINUES TO BE CENTRAL TO THE GARDNER MUSEUM'S INTERDISCIPLINARY MISSION. ISABELLA'S MUSEUM OPENED IN 1903 WITH A CONCERT BY THE BOSTON SYMPHONY ORCHESTRA, AND HER DYNAMIC MUSICAL LEGACY CONTINUES TODAY WITH THE COUNTRY'S OLDEST MUSEUM-BASED CONCERT SERIES. THE MUSEUM'S SUNDAY CONCERT SERIES PRESENTS OUTSTANDING ESTABLISHED AND EMERGING MUSICIANS IN THE MUSEUM'S INTIMATE CONCERT SPACE, CALDERWOOD HALL. THE PERFORMERS, COMPOSERS, AND REPERTOIRE FEATURED IN THE MUSEUM'S MUSICAL PROGRAMMING REFLECT A COMMITMENT TO DIVERSITY AND CREATIVITY, WHILE THE COMMISSIONING OF NEW WORKS CELEBRATES THE INNOVATIVE PERSPECTIVES OF CONTEMPORARY ARTISTS. IN PARTNERSHIP WITH THE MUSEUM'S VISITING CURATORS OF PERFORMING ARTS, THE MUSIC DEPARTMENT PRESENTS MULTIDISCIPLINARY PERFORMANCES THAT RESPOND TO THE MUSEUM'S COLLECTION AND EXHIBITIONS THROUGH DANCE, MUSIC, SPOKEN WORD, AND THEATER.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $10,871,153
Program Service Revenue $5,174,911
Investment Income $1,535,383
Other Revenue $1,701,857
TOTAL REVENUE $19,283,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,773,227
Fundraising Expenses $2,625,887
Program Expenses $20,883,566
Other Expenses $14,020,469
TOTAL EXPENSES $25,793,696

Year-over-Year Comparison

2022 2021 Change
Revenue $19,283,304 $21,324,640 -0.1%
Expenses $25,793,696 $23,924,424 +0.1%
Net Income $-6,510,392 $-2,599,784 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
26
Employees
277
Volunteers
78

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$843,503
Total Directors
27
$591,829
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GWILL YORK PRESIDENT, BOARD OF TRUSTE 4.00
Officer Director
$0 $0 $0
AMY ABRAMS TRUSTEE 1.00
Director
$0 $0 $0
ALLISON ACHTMEYER TRUSTEE 1.00
Director
$0 $0 $0
GREGORY BEECHER TRUSTEE 1.00
Director
$0 $0 $0
TAYLOR BODMAN TRUSTEE 1.00
Director
$0 $0 $0
LINDA N CABOT SECRETARY, BOARD OF TRUSTEES 2.00
Officer Director
$0 $0 $0
REBECCA GARDNER CAMPBELL TRUSTEE 1.00
Director
$0 $0 $0
JAMES E CANALES TRUSTEE 2.00
Director
$0 $0 $0
KATE CHERTAVIAN TRUSTEE 3.00
Director
$0 $0 $0
ROANN COSTIN TRUSTEE 1.00
Director
$0 $0 $0
DENISE DUPRE TRUSTEE 1.00
Director
$0 $0 $0
MELISSA FETTER TRUSTEE 1.00
Director
$0 $0 $0
BENJAMIN GOMEZ TRUSTEE 1.00
Director
$0 $0 $0
PAULA A JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
ALYCE LEE TRUSTEE 1.00
Director
$0 $0 $0
YUCHUN LEE TREASURER, BOARD OF TRUSTEES 1.00
Officer Director
$0 $0 $0
LISA LEIDEN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD LIM TRUSTEE 1.00
Director
$0 $0 $0
STEVE LOCKE TRUSTEE 1.00
Director
$0 $0 $0
PRASHANTH MAHENDRA-RAJAH TRUSTEE 1.00
Director
$0 $0 $0
FARHAD NANJI TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN RUETTGERS TRUSTEE 1.00
Director
$0 $0 $0
VICKI SATO TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE CHAPMAN STEMBERG TRUSTEE 1.00
Director
$0 $0 $0
HOWARD S STEVENSON TRUSTEE 3.00
Director
$0 $0 $0
REV DR GLORIA WHITE-HAMMOND TRUSTEE 1.00
Director
$0 $0 $0
PEGGY FOGELMAN NORMA JEAN CALDERWOOD DIRECTOR 40.00
Officer Director
$573,651 $18,178 $591,829
CLIFFORD RUST CHIEF FINAN. & ADMIN. OFFICER 40.00
Officer
$230,880 $20,794 $251,674
ANTHONY AMORE DIRECTOR OF SECURITY 40.00
Highest
$150,846 $14,405 $165,251
MICHAEL HOLLAND DIRECTOR OF FACILITIES & CAP. PROJ. 40.00
Highest
$151,319 $31,492 $182,811
GEORGE STEEL ABRAMS CURATOR OF MUSIC 40.00
Highest
$158,902 $33,273 $192,175
PIERANNA CAVALCHINI BLUMENTHAL CURATOR, CONTEMPORARY ART 40.00
Highest
$126,286 $12,811 $139,097
REBECCA EHRHARDT CHIEF DEVELOPMENT OFFICER 40.00
Highest
$232,560 $21,518 $254,078
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $19,283,304 $25,793,696 $313,588,111 $-6,510,392
2022 $21,324,640 $23,924,424 $300,698,212 $-2,599,784
2021 $30,352,820 $21,672,068 $347,979,013 $8,680,752
2020 $28,169,713 $23,421,490 $300,537,225 $4,748,223
2019 $23,038,232 $23,823,730 $299,436,356 $-785,498
2018 $19,968,573 $22,480,781 $300,696,281 $-2,512,208
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