THE BARNES FOUNDATION

EIN: 236000149 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$33,749,714
Total Expenses
$30,073,540
Total Assets
$247,672,052
Net Assets
$245,027,793
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
PA
Principal Officer
THOMAS COLLINS
Phone
2152787000
Tax Period
2024-07-01 to 2025-06-30

THE BARNES FOUNDATION, founded in 1922, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $33.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $30.1M left a modest 11% surplus.

Mission

PROMOTE THE ADVANCEMENT OF EDUCATION AND THE APPRECIATION OF THE FINE ARTS AND HORTICULTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,191,732
Program Service Revenue $3,865,906
Investment Income $7,216,470
Other Revenue $2,475,606
TOTAL REVENUE $33,749,714

Expense Breakdown

Grants Paid $89,520
Salaries & Benefits $15,114,733
Fundraising Expenses $3,766,617
Program Expenses $21,430,047
Other Expenses $14,869,287
TOTAL EXPENSES $30,073,540

Year-over-Year Comparison

2024 2023 Change
Revenue $33,749,714 $26,657,859 +0.3%
Expenses $30,073,540 $32,023,620 -0.1%
Net Income $3,676,174 $-5,365,761 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
267
Volunteers
97

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
7
$1,217,336
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AILEEN KENNEDY ROBERTS CHAIR, TRUSTEE 2.00
Officer Director
$0 $0 $0
JOHN R ALCHIN VICE CHAIR, TRUSTEE 2.00
Officer Director
$0 $0 $0
THE HON JACQUELINE F ALLEN SECRETARY, TRUSTEE 1.00
Officer Director
$0 $0 $0
DAVID A FLEISCHNER TREASURER 1.00
Officer Director
$0 $0 $0
JOHN J AGLIALORO TRUSTEE 1.00
Director
$0 $0 $0
ARMANDO I BENGOCHEA PHD TRUSTEE 1.00
Director
$0 $0 $0
SHELDON M BONOVITZ ESQ TRUSTEE 1.00
Director
$0 $0 $0
PAMELA BUNDY TRUSTEE 1.00
Director
$0 $0 $0
EMILY CAVANAGH TRUSTEE 1.00
Director
$0 $0 $0
GREGORY E DEAVENS TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY A HONICKMAN TRUSTEE 1.00
Director
$0 $0 $0
CATHERINE HUGHES TRUSTEE 1.00
Director
$0 $0 $0
JOHN H MCFADDEN ESQ TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH NEUBAUER TRUSTEE 2.00
Director
$0 $0 $0
CHRISTINE POGGI PHD TRUSTEE 1.00
Director
$0 $0 $0
THOMAS COLLINS EXECUTIVE DIRECTOR & PRESIDENT 40.00
Officer
$630,263 $26,082 $656,345
SARA GEELAN DEP DIR, GEN COUNSEL, SECRETARY 40.00
Officer
$290,171 $22,848 $313,019
MARYANNE MURPHY CFO, ASST. TREASURER 40.00
Officer
$231,839 $16,133 $247,972
NINA DIEFENBACH DEP DIR FOR ADVANCEMENT 40.00
Highest
$339,420 $27,609 $367,029
WILLIAM CARY CHIEF OPERATING OFFICER 40.00
Highest
$327,630 $15,078 $342,708
NANCY IRESON PHD DEP DIR FOR COLLECTIONS 40.00
Highest
$238,372 $16,139 $254,511
STEVEN BRADY CHIEF TECHNOLOGY OFFICER 40.00
Highest
$218,049 $24,837 $242,886
VINCE D'ANTONIO SR DIR OF OPS & GROUNDS 40.00
Highest
$214,457 $11,744 $226,201
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 $33,749,714 $30,073,540 $247,672,052 $3,676,174
2024 $26,657,859 $32,023,620 $235,569,044 $-5,365,761
2023 $10,715,947 $15,172,107 $228,076,186 $-4,456,160
2022 $36,090,103 $31,087,083 $225,939,673 $5,003,020
2021 $34,787,671 $25,607,601 $242,934,305 $9,180,070
2020 $21,249,120 $22,540,936 $223,515,679 $-1,291,816
2019 $24,564,152 $24,726,049 $214,994,378 $-161,897
2018 $36,523,478 $25,163,947 $204,717,439 $11,359,531
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