MILWAUKEE ART MUSEUM INC

EIN: 390806316 501(c)(3) Arts, Culture & Humanities

MILWAUKEE, WI

Total Revenue
$21,596,719
Total Expenses
$22,857,737
Total Assets
$156,865,565
Net Assets
$153,368,481
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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
WI
Principal Officer
MARCELLE POLEDNIK
Phone
4142243200
Tax Period
2023-09-01 to 2024-08-31

MILWAUKEE ART MUSEUM INC, founded in 1910, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $21.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $153.4M represent 85 months of operating reserves.

Mission

TO INSPIRE AND EDUCATE PEOPLE IN THE GREATER MILWAUKEE AREA, ACROSS THE STATE OF WISCONSIN AND BEYOND BY COLLECTING, PRESERVING AND PRESENTING ART; TO EXPAND AND DIVERSIFY THE LOCAL ARTISTIC AND CULTURAL IDENTITY OF THE GREATER MILWAUKEE AREA, AND EDUCATE BOTH RESIDENTS AND VISITORS ABOUT ART AND ART HISTORY; TO ENCOURAGE COMMUNITY DEVELOPMENT BY SUPPORTING EMERGING ARTS AND ARTISTS, AND TO OFFER FAMILY-FRIENDLY EDUCATIONAL PROGRAMS DESIGNED TO ENHANCE THE ARTISTIC SPIRIT OF THE LOCAL COMMUNITY; TO PRESERVE, PROTECT AND MAINTAIN THE CALATRAVA ADDITION, THE FIRST BUILDING IN THE UNITED STATES TO BE DESIGNED BY SANTIAGO CALATRAVA, AND TO WORK IN COOPERATION WITH PUBLIC ENTITIES IN THE USE OF THE SAARINEN AND KAHLER BUILDINGS, CITY PROPERTY AND LAKEFRONT LANDS.

Program Service Accomplishments

Program 1
Expenses: $8,165,042 Revenue: $7,845

PRESENTATION AND CURATORIAL: SPECIAL EXHIBITS DURING FISCAL YEAR 2024 INCLUDED IN HONOR OF KEVIN FAHEY: SELECTIONS FROM THE FAHEY/GRZEBIELSKI COLLECTION; A VERY STRONG LIKENESS OF HER: PORTRAITURE...

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PRESENTATION AND CURATORIAL: SPECIAL EXHIBITS DURING FISCAL YEAR 2024 INCLUDED IN HONOR OF KEVIN FAHEY: SELECTIONS FROM THE FAHEY/GRZEBIELSKI COLLECTION; A VERY STRONG LIKENESS OF HER: PORTRAITURE AND IDENTITY IN THE BRITISH COLONIAL WORLD; ART, LIFE, LEGACY: NORTHERN EUROPEAN PAINTINGS IN THE COLLECTION OF ISABEL AND ALFRED BADER; DARREL ELLIS: REGENERATION; 50 PAINTINGS; BEYOND HEIGHTS: SKYSCRAPERS AND THE HUMAN EXPERIENCE; LIFE CAPTURED IN LINE: 17TH-CENTURY DUTCH AND FLEMISH PRINTS; WINTER SERIES: LARRY BELL'S ICEBERG; IDRIS KHAN: REPEAT AFTER ME; AND 2024 SCHOLASTIC ART AWARDS: WISCONSIN EXHIBITION

Program 2
Expenses: $4,508,747 Revenue: $2,320,673

AUDIENCE, COMMUNICATION, AND MEMBER DEVELOPMENT: ADMISSIONS AND TOURS FOR FISCAL YEAR 2024 TOTALED 225,354. 251 VOLUNTEERS ASSISTED IN ACTIVITIES.

Program 3
Expenses: $2,014,691 Revenue: $567,353

BUSINESS OPERATIONS AND ACQUISITION OF ART: EXPENSES INCURRED IN OPERATION OF THE MUSEUM'S CAFE AND GIFT SHOP AS WELL AS EXPENDITURES ASSOCIATED WITH ACQUIRING NEW PIECES FOR THE PERMANENT COLLECTION.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,395,449
Program Service Revenue $2,353,649
Investment Income $7,275,003
Other Revenue $572,618
TOTAL REVENUE $21,596,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,901,619
Fundraising Expenses $2,342,340
Program Expenses $16,384,728
Other Expenses $11,944,728
TOTAL EXPENSES $22,857,737

Year-over-Year Comparison

2023 2022 Change
Revenue $21,596,719 $22,814,015 -0.1%
Expenses $22,857,737 $20,849,845 +0.1%
Net Income $-1,261,018 $1,964,170 -1.6%
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
36
Independent Members
36
Employees
330
Volunteers
291

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
$804,706
Total Directors
41
$0
Key Employees
3
$592,942
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFERY W YABUKI PRESIDENT 1.00
Officer Director
$0 $0 $0
KATHY THORNTON-BIAS TREASURER 1.00
Officer Director
$0 $0 $0
ALEX C KRAMER SECRETARY 1.00
Officer Director
$0 $0 $0
CHRIS ABELE TRUSTEE 1.00
Director
$0 $0 $0
DANIEL BADER TRUSTEE 1.00
Director
$0 $0 $0
DONALD W BAUMGARTNER TRUSTEE 1.00
Director
$0 $0 $0
DONNA BAUMGARTNER TRUSTEE 1.00
Director
$0 $0 $0
WILL BELKE TRUSTEE 1.00
Director
$0 $0 $0
RANDY BRYANT TRUSTEE (THRU JUNE 2024) 1.00
Director
$0 $0 $0
RICHARD BUCHBAND TRUSTEE 1.00
Director
$0 $0 $0
JOE CHECOTA TRUSTEE 1.00
Director
$0 $0 $0
PETER DAMSGAARD TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDER P FRASER TRUSTEE (THRU JUNE 2024) 1.00
Director
$0 $0 $0
ELLEN GLAISNER TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE GRABNER TRUSTEE (THRU SEP 2023) 1.00
Director
$0 $0 $0
JOE GROMACKI TRUSTEE 1.00
Director
$0 $0 $0
WILIAM HAACK TRUSTEE 1.00
Director
$0 $0 $0
CARMEN HABERMAN TRUSTEE (THRU JAN 2024) 1.00
Director
$0 $0 $0
BRIAN KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY S KRAUSEN TRUSTEE 1.00
Director
$0 $0 $0
ROSANNE KROPP TRUSTEE 1.00
Director
$0 $0 $0
RAYMOND R KRUEGER TRUSTEE 1.00
Director
$0 $0 $0
TOM LACY TRUSTEE 1.00
Director
$0 $0 $0
PETER LARSON TRUSTEE 1.00
Director
$0 $0 $0
JOAN LUBAR TRUSTEE 1.00
Director
$0 $0 $0
MARIANNE LUBAR TRUSTEE 1.00
Director
$0 $0 $0
SHELDON B LUBAR TRUSTEE 1.00
Director
$0 $0 $0
WAYNE LUEDERS TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL P MAHONEY TRUSTEE 1.00
Director
$0 $0 $0
MARCELIA NICHOLSON TRUSTEE 1.00
Director
$0 $0 $0
ANDY NUNEMAKER TRUSTEE 1.00
Director
$0 $0 $0
JILL PELISEK TRUSTEE 1.00
Director
$0 $0 $0
SANDE ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN SAITO YUILLE TRUSTEE (THRU SEP 2023) 1.00
Director
$0 $0 $0
SUZANNE SELIG TRUSTEE 1.00
Director
$0 $0 $0
MARY STROHMAIER TRUSTEE 1.00
Director
$0 $0 $0
SYMPHONY SWAN-ZAWADI TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE SYMCHYCH TRUSTEE 1.00
Director
$0 $0 $0
JOHN UTZ TRUSTEE 1.00
Director
$0 $0 $0
DAN WILHELMS TRUSTEE 1.00
Director
$0 $0 $0
SARAH ZIMMERMAN TRUSTEE 1.00
Director
$0 $0 $0
MARCELLE POLEDNIK DONNA & DONALD BAUMGARTNER DIRECTOR 49.00
Officer
$559,043 $30,475 $589,518
ALISSA KARL CFO & COO 40.00
Officer
$208,475 $6,713 $215,188
ANDRE ALLAIRE CHIEF DEVELOPMENT OFFICER 50.00
Key Emp
$227,331 $6,147 $233,478
ELIZABETH SIEGEL CHIEF OF CURATORIAL AFFAIRS 50.00
Key Emp
$176,295 $19,374 $195,669
AMY KIRSCHKE BBL CHIEF OF LEARNING & ENGAGEMENT 50.00
Key Emp
$152,395 $11,400 $163,795
LINDA WOODS CHIEF OF PEOPLE AFFAIRS 50.00
Highest
$140,190 $25,083 $165,273
MARGARET ANDERA SENIOR CURATOR OF CONTEMPORARY ART 50.00
Highest
$133,916 $25,200 $159,116
KANTARA SOUFFRANT SENIOR DIRECTOR OF COMMUNITY PROGRAMS 50.00
Highest
$144,307 $4,504 $148,811
DANIEL SOMERS DIRECTOR OF FACILITIES 40.00
Highest
$126,655 $17,657 $144,312
TIMOTHY HAPEMAN DIRECTOR OF INFORMATION SYSTEMS 40.00
Highest
$108,408 $24,284 $132,692
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 $21,596,719 $22,857,737 $156,865,565 $-1,261,018
2023 $22,814,015 $20,849,845 $157,935,044 $1,964,170
2022 $18,661,331 $18,957,752 $151,487,160 $-296,421
2021 $17,721,477 $16,488,889 $162,007,595 $1,232,588
2020 $17,004,184 $18,433,868 $151,673,812 $-1,429,684
2019 $22,991,064 $21,228,585 $150,239,516 $1,762,479
2018 $20,049,200 $20,256,844 $148,120,153 $-207,644
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