BRUCE MUSEUM INC

EIN: 237105904 501(c)(3) Arts, Culture & Humanities

GREENWICH, CT

Total Revenue
$16,947,116
Total Expenses
$8,417,467
Total Assets
$95,775,094
Net Assets
$88,824,437
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CT
Principal Officer
ROBERT P WOLTERSTORFF
Phone
2038690376
Tax Period
2022-07-01 to 2023-06-30

BRUCE MUSEUM INC, founded in 1970, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.9M in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.5M, a strong 50% operating margin.

Mission

THE BRUCE CULTIVATES DISCOVERY AND WONDER, ENGAGING A BROAD AUDIENCE THROUGH THE POWER OF ART AND SCIENCE.

Program Service Accomplishments

Program 1
Expenses: $6,226,335 Revenue: $282,274

IN APRIL 2023, THE BRUCE OPENED WITH TRIPLE THE EXHIBITION SPACE THAT IT PREVIOUSLY HAD. THE MUSEUM IS NOW A SIGNATURE CULTURAL ATTRACTION. WE ALSO OFFERED FIVE UNIQUE AND VARIED ART EXHIBITS, TWO...

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IN APRIL 2023, THE BRUCE OPENED WITH TRIPLE THE EXHIBITION SPACE THAT IT PREVIOUSLY HAD. THE MUSEUM IS NOW A SIGNATURE CULTURAL ATTRACTION. WE ALSO OFFERED FIVE UNIQUE AND VARIED ART EXHIBITS, TWO SCULPTURE EXHIBITS AND A SCIENCE EXHIBIT. WE ALSO HAVE A SEMI PERMANENT GALLERY FOR FRENCH IMPRESSIONISM, A PERMANENT GALLERY FOR CT IMPRESSIONISM AS WELL AS A PERMANENT SCIENCE GALLERY A MINERAL GALLERY. THESE WORLD CLASS EXHIBITS PROVIDE THE LOCAL AND REGIONAL COMMUNITY THE OPPORTUNITY TO EXPLORE THE CREATIVITY, CONNECTION AND WONDER OF ART AND SCIENCE. THE ORGANIZATION ALSO HAS THREE NEW CLASSROOMS.SEE SCHEDULE O FOR A LIST OF THE EXHIBITIONS THAT TOOK PLACE IN 2022-2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,776,981
Program Service Revenue $252,733
Investment Income $845,501
Other Revenue $71,901
TOTAL REVENUE $16,947,116

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,053,613
Fundraising Expenses $1,334,079
Program Expenses $6,226,335
Other Expenses $4,313,854
TOTAL EXPENSES $8,417,467

Year-over-Year Comparison

2022 2021 Change
Revenue $16,947,116 $14,130,265 +0.2%
Expenses $8,417,467 $5,579,954 +0.5%
Net Income $8,529,649 $8,550,311 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
43
Independent Members
43
Employees
55
Volunteers
236

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
$554,006
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES B LOCKHART III CO-CHAIR 7.50
Officer Director
$0 $0 $0
WILLIAM DEUTSCH CO-CHAIR 7.50
Officer Director
$0 $0 $0
SIMONE MCENTIRE VICE CHAIR 1.00
Officer Director
$0 $0 $0
HEIDI B SMITH VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES M ROYCE VICE CHAIR 1.00
Officer Director
$0 $0 $0
PATRICIA W CHADWICK TREASURER 1.00
Officer Director
$0 $0 $0
REBECCA GILLAN ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
ELLEN A FLANAGAN SECRETARY 1.00
Officer Director
$0 $0 $0
SUE MORETTI BODSON TRUSTEE 1.00
Director
$0 $0 $0
FRED CAMILLO TRUSTEE 1.00
Director
$0 $0 $0
MAURICE J CUNNIFFE TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN CORMAN TRUSTEE 1.00
Director
$0 $0 $0
KATHY C EPSTEIN TRUSTEE 1.00
Director
$0 $0 $0
VICKI NETTER FITZGERALD TRUSTEE 1.00
Director
$0 $0 $0
ERIN GLASEBROOK TRUSTEE 1.00
Director
$0 $0 $0
SACHIKO GOODMAN TRUSTEE 1.00
Director
$0 $0 $0
STEVEN GROSSMAN TRUSTEE 1.00
Director
$0 $0 $0
JOHN C HART TRUSTEE 1.00
Director
$0 $0 $0
TRACY BISHOP HOLTON TRUSTEE 1.00
Director
$0 $0 $0
KAREN S KEEGAN TRUSTEE 1.00
Director
$0 $0 $0
FELICITY KOSTAKIS TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL A KOVNER TRUSTEE 1.00
Director
$0 $0 $0
NISHA KUMAR TRUSTEE 1.00
Director
$0 $0 $0
ROBERT H LAWRENCE TRUSTEE 1.00
Director
$0 $0 $0
KAMIE LIGHTBURN TRUSTEE 1.00
Director
$0 $0 $0
SUSAN E LYNCH TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN L METINKO TRUSTEE 1.00
Director
$0 $0 $0
CHRIST WOLFE NICHOLS TRUSTEE 1.00
Director
$0 $0 $0
JULIA B NUSSEIBEH TRUSTEE 1.00
Director
$0 $0 $0
DAN OZIZMIR TRUSTEE 1.00
Director
$0 $0 $0
NICOLE REYNOLDS TRUSTEE 1.00
Director
$0 $0 $0
LAURIE RUBIN TRUSTEE 1.00
Director
$0 $0 $0
BETSY RUPRECHT TRUSTEE 1.00
Director
$0 $0 $0
BOB SELANDER TRUSTEE 1.00
Director
$0 $0 $0
ANNE C SHERRERD TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH SIMON TRUSTEE 1.00
Director
$0 $0 $0
JUDITH K STEIN MD TRUSTEE 1.00
Director
$0 $0 $0
ANGELA TIMASHEV TRUSTEE 1.00
Director
$0 $0 $0
ALEXIS VOULGARIS TRUSTEE 1.00
Director
$0 $0 $0
JACQUELINE WALKER TRUSTEE 1.00
Director
$0 $0 $0
SUE ANNE WEINBERG TRUSTEE 1.00
Director
$0 $0 $0
DAVID YUDAIN TRUSTEE 1.00
Director
$0 $0 $0
MARTHA R ZOUBEK TRUSTEE 1.00
Director
$0 $0 $0
CAROLYN HAMRAK CFO 35.00
Officer
$78,237 $3,523 $81,760
SUZANNE LIO COO AND MANAGING DIRECTOR 35.00
Officer
$160,401 $35,540 $195,941
ROBERT WOLTERSTORFF EXECUTIVE DIRECTOR/CEO 35.00
Officer
$262,500 $13,805 $276,305
DANIEL KSEPKA CURATOR OF SCIENCE 35.00
Highest
$110,345 $39,679 $150,024
WHITNEY ROSENBERG DIRECTOR OF DEVELOPMENT 35.00
Highest
$150,000 $8,444 $158,444
ANNE VON STUELPNAGEL DIRECTOR OF EXHIBITIONS 35.00
Highest
$120,633 $8,409 $129,042
GARY STRAIN BUILDING MAINTENANCE 35.00
Highest
$104,192 $30,479 $134,671
MARGARTIA KARASOULAS DIRECTOR OF ART 35.00
Highest
$100,871 $16,696 $117,567
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 $16,947,116 $8,417,467 $95,775,094 $8,529,649
2022 $14,130,265 $5,579,954 $87,479,834 $8,550,311
2021 $34,777,408 $5,294,671 $80,928,323 $29,482,737
2020 $8,121,476 $5,133,557 $42,027,905 $2,987,919
2019 $7,540,117 $5,131,340 $38,065,855 $2,408,777
2018 $7,065,950 $5,090,304 $37,626,388 $1,975,646
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