Crystal Bridges-Museum of American Art Inc

EIN: 201359710 501(c)(3) Arts, Culture & Humanities

BENTONVILLE, AR

Total Revenue
$152,096,110
Total Expenses
$67,235,123
Total Assets
$1,901,481,215
Net Assets
$1,901,481,215
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AR
Phone
4794185726
Tax Period
2023-01-01 to 2023-12-31

Crystal Bridges-Museum of American Art Inc, founded in 2004, is a major nonprofit in the Arts, Culture & Humanities sector that reported $152.1M in total revenue in fiscal year 2023. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84.9M, a strong 56% operating margin.

Mission

Crystal Bridges Museum of American Art ("CBMAA") welcomes all to celebrate the American Spirit In a setting that unites the power of art with the beauty of nature. CBMAA explores the unfolding story of America by actively collecting, exhibiting, interpreting and preserving outstanding works of art that Illuminates America's heritage and artistic possibilities.

Program Service Accomplishments

Program 1
Expenses: $8,138,898 Revenue: $2,158,073

In 2023, CBMAA welcomed 784,971 guests and presented several collection focus shows and three major exhibitions including: Diego Rivera's America, Annie Leibovitz at Work, Flagged for Discussion, and...

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In 2023, CBMAA welcomed 784,971 guests and presented several collection focus shows and three major exhibitions including: Diego Rivera's America, Annie Leibovitz at Work, Flagged for Discussion, and Listening Forest by Rafael Lozano-Hemmer. Diego Rivera's America was co-organized by San Francisco Museum of Modern Art and CBMAA. It examined the artist's life between the early 1920s and early 1940s, when he worked in both Mexico and the United States, through more than 130 works, including his drawings, easel paintings, frescoes, and more. The first major exhibition focused solely on Rivera in over 20 years, it revealed the broad range of his work through a series of thematic sections that brought together more works from this time period than have been seen together since the artist's lifetime. Annie Leibovitz at Work was curated and organized by CBMAA. In addition to the artist's iconic and daring pictures for magazines like Rolling Stone, Vanity Fair, and Vogue, the show included a set of new works made just for CBMAA-Leibovitz's first museum commission. Highlighting household names and local heroes, these works demonstrate Leibovitz's discerning vision and desire to celebrate the extraordinary now. The exhibition is currently on tour to two additional museums. Flagged for Discussion, curated by CBMAA, embraced disparate representations of the United States flag from across time, featuring work by more than 20 artists from the 19th century to today. Posing questions and creating space for conversation within the gallery, the exhibition revealed how the flag functions differently within works of painting, printmaking, fiber, photography, and mixed media. Listening Forest by Rafael Lozano-Hemmer, located in CBMAA's North Forest, returned for a spring and fall/winter presentation, using light, sound, and projections to create an interactive walk through the woods. This site-specific exhibition brought together eight immersive installations, each one activated by visitors' heart rate, body, voice, and movements, to direct the forest's response. This project united art and technology in a natural setting to create poetic, shared experiences.

Program 2
Expenses: $7,217,342 Revenue: $135,537

In 2023, CBMAA acquired 47 works of art. By classification 16 drawings, 10 prints, 5 mixed media works, 4 sculptures, 4 watercolors, 3 ceramics, 3 paintings, 1 photograph, and 1 textile were...

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In 2023, CBMAA acquired 47 works of art. By classification 16 drawings, 10 prints, 5 mixed media works, 4 sculptures, 4 watercolors, 3 ceramics, 3 paintings, 1 photograph, and 1 textile were acquired. In 2023, CBMAA borrowed 457 objects from 42 lenders. CBMAA loaned 44 objects to 28 institutions during 2023 across the United States and Europe. Conservation efforts in 2023 included: Paintings conservator conducted treatments and examinations of 57 paintings over 2 visits to the museum. Objects conservator conducted treatments and examinations of 41 sculptures over 2 visits to the museum. Works on paper conservator examined 58 works on paper over 2 visits to the museum. Outdoor sculpture conservator examined 28 outdoor sculptures. Neon specialist examined 7 neon artworks. These significant conservation treatments were performed on-site by contract conservators: Tony Tasset/Deer (2017.4, sculpture); Louise Nevelson/Night Zag Wall (2008.23, sculpture); and three paintings by Janet Sobel. In addition, ten artworks were conserved off-site: Betty Woodman/House of the South (2022.30, ceramic); Marjorie Strider/Girl with Radish (2022.40, mixed media); Georgia O'Keeffe/Radiator Building and Flying Backbone (ASC.2012.73, ASC. 2012.74, paintings); Thomas Moran/The Shores of Lake Superior (2019.32, painting); Harry Gottlieb/Bootleg Coal Miners (2012.136, print); Claes Oldenburg/Geometric Mouse (2020.113, sculpture); Keith Haring/Two-Headed Figure (2012.496, sculpture); Luis Alfonso Jimenez/Vaquero (2011.29, sculpture); and Niki de Saint Phalle/Gwendolyn (2022.16, sculpture). Staff conducted regular cleaning and maintenance of 25 artworks installed outdoors. At year's end, our online collection provided access to 82% of the collection (3,363 artworks) to the public through our website.

Program 3
Expenses: $4,077,495 Revenue: $711,620

In 2023, CBMAA was able to fulfill its mission of providing access to the arts through a variety of educational programs to the public, which reached 219,110 participants. Classes and Workshops are...

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In 2023, CBMAA was able to fulfill its mission of providing access to the arts through a variety of educational programs to the public, which reached 219,110 participants. Classes and Workshops are offered for all ages and varying skill levels, and include a variety of workshops in media such as painting, sculpture, printmaking, and multimedia, in addition to nature topics. Attendance = 3,259 Drop-In programs are non-ticketed and planned primarily for multigenerational audiences. These include large-scale events Trick Art Treat as well as drop-in artmaking on the weekends and school break programming. Attendance = 38,684 Film, Performance & Evening events are primarily targeted toward college and adult audiences, and include multidisciplinary arts such as music, theatre, dance, and film. Attendance = 3,506 Lectures and Talks include gallery conversations, nature talks, panel discussions, and exhibition lectures. Attendance = 5,828 Our School Visit program serves K-12 and college students, onsite and online, and aligns with curriculum. Attendance = 37,281 Teacher Professional Development programs offer continuing education credits through a variety of offerings, including Saturday Sessions, Summer Institutes and Evening for Educators. Attendance = 1,140 Access and Inclusive programs primarily serve individuals with disabilities as well as seniors. Examples include Family Access Night and programming for older adults. Attendance = 2,436 Tours include daily offerings of guided tours featuring the museum's collection and architecture, as well as tours provided for youth organizations. Guide training is provided for these offerings monthly. Attendance = 15,120 Community Engagement offerings in 2022 included community art-making activations with the Mobile Art Lab at festivals and libraries as well as co-hosting programs at the museum with community organizations. Attendance = 84,137 A variety of kits were distributed to community members and partner organizations. Kits included Community Creative care packages, Family Art kits, Food kits, and My Museum Classroom kits. Attendance = 27,445 School Partnership Programs entailed an in-person or virtual weeklong residency including art-kits for program participants. Attendance = 732

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $65,155,889
Program Service Revenue $4,255,058
Investment Income $72,368,183
Other Revenue $10,316,980
TOTAL REVENUE $152,096,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,723,694
Fundraising Expenses $3,528,858
Program Expenses $19,608,090
Other Expenses $45,511,429
TOTAL EXPENSES $67,235,123

Year-over-Year Comparison

2023 2022 Change
Revenue $152,096,110 $60,807,722 +1.5%
Expenses $67,235,123 $75,279,096 -0.1%
Net Income $84,860,987 $-14,471,374 -6.9%
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
9
Independent Members
9
Employees
512
Volunteers
560

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
4
$2,192,789
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Director & Chair Emeritus 7.0
Director
$0 $0 $0
N/A Board Director (As of 3/13/23) 1.0
Director
$0 $0 $0
N/A Board Director (Until 11/13/23) 1.0
Director
$0 $0 $0
N/A Board Director (As of 11/13/23) 1.0
Director
$0 $0 $0
N/A Board Director 1.0
Director
$0 $0 $0
N/A Board Director 1.0
Director
$0 $0 $0
N/A Board Director 1.0
Director
$0 $0 $0
N/A Board Director & Chairperson 5.0
Director
$0 $0 $0
N/A Board Director 1.0
Director
$0 $0 $0
N/A Board Director 1.0
Director
$0 $0 $0
N/A Director, Momentary 40.0
Officer
$346,362 $26,668 $373,030
N/A Chief Financial Officer (Until 12/14/23) 0.0
Officer
$0 $48,042 $536,353
N/A Secretary 0.0
Officer
$0 $14,588 $713,923
N/A Executive Director 40.0
Officer
$543,892 $25,591 $569,483
N/A Chief Curator 40.0
Highest
$210,989 $9,694 $220,683
N/A Chief Operating Officer 40.0
Highest
$180,877 $10,612 $191,489
N/A Curator At Large 40.0
Highest
$398,305 $25,809 $424,114
N/A Chief Digital Officer 40.0
Highest
$192,114 $21,018 $213,132
N/A Founding Director, Catalyst Project 40.0
Highest
$316,867 $14,863 $331,730
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
2024 No data No data No data No data
2023 $152,096,110 $67,235,123 $1,901,481,215 $84,860,987
2022 $60,807,722 $75,279,096 $1,698,318,235 $-14,471,374
2021 $212,742,938 $60,980,325 $1,943,787,868 $151,762,613
2020 $177,931,616 $50,846,866 $1,732,386,844 $127,084,750
2019 $117,125,297 $51,552,112 $1,457,220,696 $65,573,185
2018 $237,326,713 $48,991,950 $1,262,762,886 $188,334,763
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