THE CHRYSLER MUSEUM INCORPORATED

EIN: 510243196 501(c)(3) Arts, Culture & Humanities

NORFOLK, VA

Total Revenue
$16,549,844
Total Expenses
$18,908,535
Total Assets
$140,044,379
Net Assets
$138,805,469
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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
VA
Principal Officer
ERIK H NEIL
Phone
7576646200
Tax Period
2024-07-01 to 2025-06-30

THE CHRYSLER MUSEUM INCORPORATED, founded in 1939, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $13.5M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 23% operating margin.

Mission

THE MUSEUM EXISTS TO PRESENT, PRESERVE, & INTERPRET WORKS OF ART FOR THE WELL-BEING OF THE PUBLIC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,370,833
Program Service Revenue $1,280,586
Investment Income $7,122,472
Other Revenue $775,953
TOTAL REVENUE $16,549,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,358,626
Fundraising Expenses $976,577
Program Expenses $16,352,650
Other Expenses $12,549,909
TOTAL EXPENSES $18,908,535

Year-over-Year Comparison

2024 2023 Change
Revenue $16,549,844 $21,915,532 -0.2%
Expenses $18,908,535 $31,135,089 -0.4%
Net Income $-2,358,691 $-9,219,557 -0.7%
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
27
Independent Members
27
Employees
182
Volunteers
250

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
6
$514,810
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIFFANY BOYLE TRUSTEE 0.20
Director
$0 $0 $0
JANET BRADLEY TRUSTEE 0.20
Director
$0 $0 $0
HAROLD J COBB JR TRUSTEE 0.20
Director
$0 $0 $0
MICHAEL C CREEDON JR TRUSTEE 0.20
Director
$0 $0 $0
MARK DREYFUS TRUSTEE 0.20
Director
$0 $0 $0
MATTHEW FINE TRUSTEE 0.20
Director
$0 $0 $0
PAUL D FRAIM TRUSTEE 0.20
Director
$0 $0 $0
ROBERT FRIEDMAN TRUSTEE 0.20
Director
$0 $0 $0
JAN GOLDRICH TRUSTEE 0.20
Director
$0 $0 $0
CHRISTINIA L GOODE TRUSTEE 0.20
Director
$0 $0 $0
VIRGINIA C HITCH VICE-CHAIRMAN 5.00
Officer Director
$0 $0 $0
SALLY KELLAM TRUSTEE 0.20
Director
$0 $0 $0
JASON KIES TRUSTEE 0.20
Director
$0 $0 $0
AUBREY L LAYNE JR TRUSTEE 0.20
Director
$0 $0 $0
KIRK LEVY CHAIRMAN 5.00
Officer Director
$0 $0 $0
COLIN M MCKINNON TRUSTEE 0.20
Director
$0 $0 $0
PENNY MEREDITH TRUSTEE 0.20
Director
$0 $0 $0
GIGI MILLER TRUSTEE 0.20
Director
$0 $0 $0
SUSAN QUATE TRUSTEE 0.20
Director
$0 $0 $0
MEREDITH RUTTER TRUSTEE 0.20
Director
$0 $0 $0
RONY THOMAS TRUSTEE 0.20
Director
$0 $0 $0
VIRGINIA THORNTON TRUSTEE 1.20
Director
$0 $0 $0
DR JANICE UNDERWOOD TRUSTEE 0.20
Director
$0 $0 $0
CHARITY VOLMAN-WINN TRUSTEE 0.20
Director
$0 $0 $0
HANS VONKRUGER SECRETARY 0.20
Officer Director
$0 $0 $0
RANDY WEBB TREASURER 0.20
Officer Director
$0 $0 $0
WAYNE F WILBANKS TRUSTEE 5.00
Director
$0 $0 $0
ERIK H NEIL EXECUTIVE DIRECTOR 40.00
Officer
$292,259 $42,341 $334,600
DANA FUQUA DEPUTY DIRECTOR FOR OPERATIONS/CFO 40.00
Officer
$152,244 $27,966 $180,210
RENEE DUVAL FAIRCHILD CHIEF DEVELOPMENT OFFICER 40.00
Highest
$137,308 $28,143 $165,451
COLLEEN HIGGINBOTHAM DEPUTY DIRECTOR FOR VISITOR SERVICES 40.00
Highest
$112,072 $16,453 $128,525
STACEY SHELNUT-HENDRICK DEPUTY DIRECTOR FOR PROGRAM ENGAGEMENT & LEARNING 40.00
Highest
$116,372 $20,993 $137,365
MARK CASTRO DIRECTOR OF CURATORIAL AFFAIRS 40.00
Highest
$116,659 $11,866 $128,525
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 $16,549,844 $18,908,535 $140,044,379 $-2,358,691
2024 $21,915,532 $31,135,089 $137,325,199 $-9,219,557
2023 $21,447,321 $18,409,696 $138,691,563 $3,037,625
2022 $33,956,756 $12,759,865 $126,873,495 $21,196,891
2021 $19,131,960 $9,438,648 $120,717,636 $9,693,312
2020 $13,314,154 $10,156,922 $88,045,114 $3,157,232
2019 $13,519,618 $10,398,072 $90,063,675 $3,121,546
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