Eleutherian Mills-Hagley Foundation Inc

EIN: 510070531 501(c)(3) Arts, Culture & Humanities

Wilmington, DE

Total Revenue
$9,614,886
Total Expenses
$12,201,266
Total Assets
$197,763,947
Net Assets
$196,888,305
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
DE
Principal Officer
Jill MacKenzie
Phone
3026582400
Tax Period
2023-01-01 to 2023-12-31

Eleutherian Mills-Hagley Foundation Inc, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.6M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $12.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

Hagley Museum and Library collects, preserves, and interprets the unfolding history of American enterprise.

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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 $4,406,808
Program Service Revenue $360,399
Investment Income $4,575,339
Other Revenue $272,340
TOTAL REVENUE $9,614,886

Expense Breakdown

Grants Paid $103,737
Salaries & Benefits $6,945,322
Fundraising Expenses $632,586
Program Expenses $9,199,498
Other Expenses $5,152,207
TOTAL EXPENSES $12,201,266

Year-over-Year Comparison

2023 2022 Change
Revenue $9,614,886 $13,816,332 -0.3%
Expenses $12,201,266 $12,146,682 +0.0%
Net Income $-2,586,380 $1,669,650 -2.5%
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
14
Independent Members
14
Employees
192
Volunteers
813

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
$450,960
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Henry B du Pont IV President 3.00
Officer Director
$0 $0 $0
Ann C Rose Vice President 1.00
Officer Director
$0 $0 $0
Augustus I du Pont Treasurer 1.00
Officer Director
$0 $0 $0
John S Wellons Secretary 1.00
Officer Director
$0 $0 $0
Blaine T Phillips Trustee Emeritus 1.00
Director
$0 $0 $0
Edward J Bassett CFA Trustee (until 03/2023) 1.00
Director
$0 $0 $0
Alexa A Dembek PhD Trustee 1.00
Director
$0 $0 $0
Charles M Elson PhD Trustee 1.00
Director
$0 $0 $0
William J Farrell II Trustee 1.00
Director
$0 $0 $0
Gregory Friedman Trustee 1.00
Director
$0 $0 $0
Margaret BW Graham PhD Trustee 1.00
Director
$0 $0 $0
Kathleen Furey McDonough Trustee 1.00
Director
$0 $0 $0
M Gary Talley Trustee 1.00
Director
$0 $0 $0
Steven W Usselman PhD Trustee 1.00
Director
$0 $0 $0
Keith M Walter Trustee (from 3/2023) 1.00
Director
$0 $0 $0
Jill Mackenzie Executive Director 40.00
Officer
$207,861 $17,746 $225,607
Marjorie P Kelly Assistant Secretary 40.00
Officer
$56,876 $11,494 $68,370
Karen Cronin CFO; Assistant Treasurer 40.00
Officer
$141,592 $15,391 $156,983
Erik Rau Director, Library Services 40.00
Highest
$148,585 $14,356 $162,941
Roger Horowitz CHBTS Director 40.00
Highest
$100,873 $16,130 $117,003
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 $9,614,886 $12,201,266 $197,763,947 $-2,586,380
2022 $13,816,332 $12,146,682 $181,925,945 $1,669,650
2021 $13,522,481 $11,442,186 $219,223,690 $2,080,295
2020 $5,945,370 $10,839,521 $195,800,140 $-4,894,151
2019 $7,787,060 $11,910,756 $179,785,373 $-4,123,696
2018 $15,924,339 $11,273,295 $163,441,222 $4,651,044
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