THE STUDIO MUSEUM IN HARLEM

EIN: 132590805 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$61,749,837
Total Expenses
$18,895,385
Total Assets
$327,699,597
Net Assets
$287,568,276
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NY
Principal Officer
THELMA GOLDEN
Phone
2128644500
Tax Period
2024-07-01 to 2025-06-30

THE STUDIO MUSEUM IN HARLEM, founded in 1967, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $61.7M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42.9M, a strong 69% operating margin.

Mission

THE STUDIO MUSEUM IN HARLEM IS A CONTEMPORARY ART MUSEUM THAT FOCUSES ON THE WORK OF ARTISTS OF AFRICAN DESCENT - AS WELL AS WORK THAT HAS BEEN INSPIRED AND INFLUENCED BY AFRICAN CULTURE - PAST AND PRESENT; THROUGH ITS EXHIBITIONS, ARTIST-IN-RESIDENCE PROGRAMS, EDUCATION AND PUBLIC PROGRAMMING, PERMANENT COLLECTION AND ARCHIVAL AND RESEARCH FACILITIES. THE STUDIO MUSEUM IN HARLEM IS COMMITTED TO SERVING AS A UNIQUE RESOURCE TO ITS LOCAL COMMUNITY, AND TO NATIONAL AND INTERNATIONAL ARENAS, BY MAKING ART AND EXHIBITIONS CONCRETE AND PERSONAL FOR EACH VIEWER. THE MUSEUM PROVIDES A CONTEXT WITHIN WHICH TO ADDRESS CONTEMPORARY AND HISTORICAL ISSUES, PRESENTED THROUGH ART, CREATED BY ARTISTS OF AFRICAN DESCENT.

Program Service Accomplishments

Program 1
Expenses: $2,483,312 Revenue: $0

CURATORIAL: THROUGH CURATORIAL PROJECTS IN FY25, THE STUDIO MUSEUM PRESENTED EXHIBITIONS THAT EMBODIED OUR COMMITMENT TO CHAMPIONING ARTISTS OF AFRICAN DESCENT AND OFFERED FRESH PERSPECTIVES ON...

Read more

CURATORIAL: THROUGH CURATORIAL PROJECTS IN FY25, THE STUDIO MUSEUM PRESENTED EXHIBITIONS THAT EMBODIED OUR COMMITMENT TO CHAMPIONING ARTISTS OF AFRICAN DESCENT AND OFFERED FRESH PERSPECTIVES ON CONTEMPORARY ART FOR OUR COMMUNITIES. THE MUSEUM REMAINS AT THE FOREFRONT OF THE CONTEMPORARY ART WORLD THROUGH ITS DETERMINATION TO SHARE A DIVERSE ARRAY OF ARTISTS' PERSPECTIVES, MEDIA, AND CONTENT. THE STUDIO MUSEUM'S ARTIST-IN-RESIDENCE PROGRAM PROVIDED THREE EMERGING ARTISTS CRITICAL EARLY-CAREER SUPPORT INCLUDING MENTORSHIP FROM MUSEUM STAFF, A STIPEND, AND A CULMINATING EXHIBITION. THROUGH THE EXPANSION OF THE PERMANENT COLLECTION AND ARCHIVAL RESOURCES AVAILABLE ON OUR WEBSITE, CURATORIAL PROJECTS SERVED AS A SPRINGBOARD TO ACTIVATE DIALOGUE BETWEEN CURATORS, ARTISTS, AND LOCAL, NATIONAL, AND INTERNATIONAL AUDIENCES. MUCH OF FY25 WAS SPENT ON PREPARING FOR THE OPENING OF OUR NEW BUILDING IN NOVEMBER 2025. THE CURATORIAL TEAM FINALIZED CHECKLISTS, DIDACTICS, AND PRODUCTION FOR OVER A DOZEN EXHIBITIONS AND PROJECTS AND BEGAN INSTALLATION. THE DEPARTMENT ALSO SENT TWO PUBLICATIONS TO PRINT, THE FIRST COLLECTION HANDBOOK IN FIFTEEN YEARS AND THE FIRST EXHIBITION CATALOGUE FOR THE ARTIST TOM LLOYD AND BEGAN WORKING ON TWO OTHER PUBLICATIONS, ON THE ARTIST MAVIS PUSEY AND ON THE MUSEUM'S HISTORY, BOTH OF WHICH WILL COME OUT IN FY27. FROM MAY TO OCTOBER 2024, THROUGH OUR MULTI-YEAR PARTNERSHIP WITH THE MUSEUM OF MODERN ART, WE PRESENTED PROJECTS: TADSKI, WHICH FEATURED THE ARTIST'S EXPANSIVE UNBOUND BOOK, AVE PRETA MISTICA / MYSTICAL BLACK BIRD (2022), IN DIALOGUE WITH A MONUMENTAL WALL DRAWING AND A SET OF SCULPTURES MADE IN RESPONSE TO THE GALLERY SPACE. PASS CARRY HOLD: STUDIO MUSEUM ARTISTS IN RESIDENCE 2023-24 FEATURED THE WORK OF THIS COHORT CREATED WHILE IN RESIDENCE AND WAS ON VIEW SEPTEMBER 2024 / FEBRUARY 2025 AT MOMA PS1. BETWEEN MATTER AND MEMORY: EXPANDING THE WALLS 2023 (AUGUST 2023 / JULY 2024) AND SOMETHING IN THE WATER: EXPANDING THE WALLS 2024 (JULY 2024 / JULY 2025), THE EXHIBITIONS FOR OUR SIGNATURE TEEN PROGRAM, EXPANDING THE WALLS: MAKING CONNECTIONS BETWEEN PHOTOGRAPHY, HISTORY, AND COMMUNITY, WERE ON VIEW ONLINE, AND THE HARLEM POSTCARDS SERIES ALSO CONTINUED IN ITS ONLINE FORMAT.

Program 2
Expenses: $2,162,754 Revenue: $0

COLLECTION MANAGEMENT: IN CONJUNCTION WITH THE CURATORIAL TEAM, COLLECTION MANAGEMENT ALSO SPENT MOST OF FY25 PREPARING FOR THE NOVEMBER 2025 BUILDING OPENING, PROVIDING LABOR AND LOGISTICS FOR THE...

Read more

COLLECTION MANAGEMENT: IN CONJUNCTION WITH THE CURATORIAL TEAM, COLLECTION MANAGEMENT ALSO SPENT MOST OF FY25 PREPARING FOR THE NOVEMBER 2025 BUILDING OPENING, PROVIDING LABOR AND LOGISTICS FOR THE INSTALLATION OF THE INAUGURAL EXHIBITIONS INCLUDING TOM LLOYD, FROM NOW: A COLLECTION IN CONTEXT, AND TO BE A PLACE, IN ADDITION TO NEWLY-COMMISSIONED WORKS BY CAMILLE NORMENT, CHRISTOPHER MYERS AND KAPWANI KIWANGA. COLLECTION MANAGEMENT ALSO CONTINUED ITS LONG-TERM PROJECT OF INVENTORYING WORKS, PHOTOGRAPHING THEM, CONDUCTING CONDITION REPORTS, AND SHIPPING OBJECTS TO CONSERVATORS AND FRAMERS. THIS ENABLED THE TEAM TO CONSERVE AND RESTORE VULNERABLE WORKS IN THE COLLECTION.

Program 3
Expenses: $2,017,968 Revenue: $2,650

LEARNING AND ENGAGEMENT: IN FY25, THE LEARNING AND ENGAGEMENT DEPARTMENT CONTINUED TO DEEPEN CONNECTIONS BETWEEN ART AND COMMUNITY THROUGH PROGRAMS DESIGNED TO NURTURE CREATIVITY, EXPAND ACCESS, AND...

Read more

LEARNING AND ENGAGEMENT: IN FY25, THE LEARNING AND ENGAGEMENT DEPARTMENT CONTINUED TO DEEPEN CONNECTIONS BETWEEN ART AND COMMUNITY THROUGH PROGRAMS DESIGNED TO NURTURE CREATIVITY, EXPAND ACCESS, AND SUPPORT AUDIENCES ACROSS GENERATIONS. SCHOOL PARTNERSHIPS TRANSFORMED LOCAL PUBLIC SCHOOL CLASSROOMS INTO COLLABORATIVE ART SPACES WHERE ARTIST EDUCATORS LED HANDS-ON PROJECTS ROOTED IN INQUIRY-BASED METHODS OF EXPLORATION, STRENGTHENING STUDENT ENGAGEMENT WITH ARTISTS OF AFRICAN DESCENT AND THE MUSEUM'S COLLECTION WHILE SUPPORTING TEACHERS WITH TAILORED ART-BASED CURRICULUM.COMMUNITY PARTNERSHIPS PROVIDED SUSTAINED CREATIVE ENGAGEMENT FOR ORGANIZATIONS ACROSS HARLEM AND NEW YORK CITY, OFFERING ARTMAKING WORKSHOPS, ARTIST VISITS, AND COLLABORATIVE INSTALLATIONS THAT CENTERED WELLNESS, REFLECTION, AND COMMUNITY STORYTELLING. THESE PARTNERSHIPS ENGAGE COMMUNITY MEMBERS INCLUDING OLDER ADULTS, YOUTH IMPACTED BY THE JUVENILE COURT AND FOSTER CARE SYSTEMS, AND INDIVIDUALS NAVIGATING REENTRY, REINFORCING THE MUSEUM'S COMMITMENT TO ACCESSIBLE, COMMUNITY-CENTERED ARTS EDUCATION.TEEN PROGRAMS FOSTERED A SUPPORTIVE ENVIRONMENT FOR YOUNG PEOPLE TO EXPLORE IDENTITY, DEVELOP ARTISTIC AND COMMUNICATION SKILLS, AND CONNECT WITH PRACTICING ARTISTS. THE STUDIO MUSEUM'S SIGNATURE YOUTH PROGRAM, EXPANDING THE WALLS: MAKING CONNECTIONS BETWEEN PHOTOGRAPHY, HISTORY AND COMMUNITY CELEBRATED ITS 25TH YEAR, WITH AN INTENSIVE PHOTOGRAPHY-BASED CURRICULUM, COMPLEMENTED BY FIELD EXCURSIONS, ARTIST TALKS, AND INTERGENERATIONAL COLLABORATIONS THAT NURTURED CONFIDENCE, CREATIVITY, AND A SENSE OF BELONGING AMONG PARTICIPANTS. FAMILY PROGRAMS, INCLUDING MONTHLY LIL' STUDIO SESSIONS, PROVIDED PATHWAYS FOR FAMILIES TO EXPLORE ART TOGETHER AND CONTINUED TO EXTEND THE MUSEUM'S CONNECTION WITH FAMILIES IN COMMUNITY-BASED ORGANIZATIONS SUCH AS LOCAL LIBRARIES. STUDIO MUSEUM INSTITUTE PROGRAMS, INCLUDING FELLOWSHIPS, INTERNSHIPS, MUSEUM EDUCATION PRACTICUM AND ARTS LEADERSHIP PRAXIS CONTINUED TO CULTIVATE THE NEXT GENERATION OF ARTS CULTURAL WORKERS AND LEADERS IN THE FIELD. PUBLIC PROGRAMS ORGANIZED FREE PUBLIC EVENTS OFFERING OPPORTUNITIES FOR AUDIENCES TO ENGAGE WITH THE STUDIO MUSEUM'S ARTISTS IN RESIDENCE AND TO CONNECT WITH EXHIBITIONS THROUGH PROGRAMMING FEATURING ARTISTS, CURATORS, AND SCHOLARS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,723,199
Program Service Revenue $24,620
Investment Income $2,006,721
Other Revenue $995,297
TOTAL REVENUE $61,749,837

Expense Breakdown

Grants Paid $118,295
Salaries & Benefits $8,985,080
Fundraising Expenses $2,774,139
Program Expenses $12,226,639
Other Expenses $9,672,010
TOTAL EXPENSES $18,895,385

Year-over-Year Comparison

2024 2023 Change
Revenue $61,749,837 $43,385,519 +0.4%
Expenses $18,895,385 $17,603,871 +0.1%
Net Income $42,854,452 $25,781,648 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
31
Independent Members
31
Employees
107
Volunteers
31

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
11
$1,290,837
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND J MCGUIRE CHAIRMAN 2.00
Officer Director
$0 $0 $0
KATHRYN C CHENAULT VICE-CHAIR 2.00
Officer Director
$0 $0 $0
DAMIEN R DWIN VICE-CHAIR 2.00
Officer Director
$0 $0 $0
CAROL SUTTON LEWIS VICE-CHAIR 2.00
Officer Director
$0 $0 $0
RODNEY M MILLER SR TREASURER 2.00
Officer Director
$0 $0 $0
JACQUELINE L BRADLEY SECRETARY 2.00
Officer Director
$0 $0 $0
NICHOLAS ANTOINE TRUSTEE 1.00
Director
$0 $0 $0
LAURA DAY BAKER TRUSTEE 1.00
Director
$0 $0 $0
DR ANITA BLANCHARD TRUSTEE 1.00
Director
$0 $0 $0
PETER A BOYCE II TRUSTEE 1.00
Director
$0 $0 $0
JOAN S DAVIDSON TRUSTEE 1.00
Director
$0 $0 $0
GORDON J DAVIS ESQ TRUSTEE 2.00
Director
$0 $0 $0
DR HENRY LOUIS GATES JR TRUSTEE 1.00
Director
$0 $0 $0
SANDRA GRYMES TRUSTEE 1.00
Director
$0 $0 $0
NATASHA A HOLIDAY TRUSTEE 1.00
Director
$0 $0 $0
ARTHUR J HUMPHREY JR TRUSTEE 1.00
Director
$0 $0 $0
RUSS HUTCHINSON TRUSTEE 1.00
Director
$0 $0 $0
CC MELVIN IKE TRUSTEE 1.00
Director
$0 $0 $0
GEORGE L KNOX TRUSTEE 1.00
Director
$0 $0 $0
DR MICHAEL L LOMAX TRUSTEE 1.00
Director
$0 $0 $0
BERNARD I LUMPKIN TRUSTEE 1.00
Director
$0 $0 $0
ANDREW MARKS TRUSTEE 1.00
Director
$0 $0 $0
SUZANNE MCFAYDEN TRUSTEE 1.00
Director
$0 $0 $0
DR AMELIA OGUNLESI TRUSTEE 2.00
Director
$0 $0 $0
HOLLY PETERSON TRUSTEE 2.00
Director
$0 $0 $0
VICTORIA ROGERS TRUSTEE 1.00
Director
$0 $0 $0
TROY TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
ANN G TENENBAUM TRUSTEE 1.00
Director
$0 $0 $0
REGINALD VAN LEE TRUSTEE 1.00
Director
$0 $0 $0
LISE WILKS TRUSTEE 1.00
Director
$0 $0 $0
DANIELLE COOPER WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
THELMA GOLDEN DIRECTOR AND CHIEF CURATOR 40.00
Officer
$336,543 $17,096 $353,639
CHAKSHU PATEL CHIEF ADVANCEMENT OFFICER 40.00
Officer
$290,601 $13,662 $304,263
DEBRA WHITE GENERAL COUNSEL AND CHIEF OPERATING OFFICER 40.00
Officer
$280,392 $14,538 $294,930
TERRENCE PHEARSE II CHIEF OF STAFF 40.00
Officer
$165,181 $34,248 $199,429
NATASHA LOGAN CHIEF PROGRAM OFFICER 40.00
Officer
$125,987 $12,589 $138,576
TONY WONG SENIOR DIRECTOR OF FINANCE 40.00
Highest
$194,734 $12,686 $207,420
FEDERICO MORROBEL DIRECTOR OF BUILDING OPERATIONS 40.00
Highest
$189,481 $1,230 $190,711
ISATA YANSANEH DIRECTOR OF MARKETING 40.00
Highest
$181,619 $14,631 $196,250
JODI HANEL FERNANDEZ DIRECTOR OF DEVELOPMENT 40.00
Highest
$175,847 $38,527 $214,374
SHANTA LAWSON SENIOR DIRECTOR OF LEARNING AND ENGAGEMENT 40.00
Highest
$174,777 $3,444 $178,221
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 $61,749,837 $18,895,385 $327,699,597 $42,854,452
2024 No data No data No data No data
2023 $47,220,609 $16,164,729 $254,906,032 $31,055,880
2022 $59,914,680 $13,414,272 $196,634,585 $46,500,408
2021 $40,471,884 $11,496,543 $153,708,532 $28,975,341
2020 $15,253,617 $12,167,677 $118,554,510 $3,085,940
2020 $14,931,743 $10,615,641 $115,376,323 $4,316,102
2019 $17,946,629 $12,454,332 $109,197,151 $5,492,297
2019 $17,901,495 $10,235,829 $112,058,746 $7,665,666
2018 $61,730,334 $9,173,832 $103,832,196 $52,556,502
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE STUDIO MUSEUM IN HARLEM with other nonprofits in New York and across the country.