THE PHILLIPS COLLECTION

EIN: 530204620 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$26,569,664
Total Expenses
$17,368,949
Total Assets
$131,831,964
Net Assets
$125,438,989
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
DC
Principal Officer
JOHN DESPRES
Phone
2023872151
Tax Period
2024-08-01 to 2025-07-31

THE PHILLIPS COLLECTION, founded in 1921, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $26.6M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 35% operating margin.

Mission

THE PHILLIPS COLLECTION IS THE OLDEST MUSEUM OF MODERN AND CONTEMPORARY ART IN THE U.S. IN ADDITION TO PRESENTATION OF WORKS FROM THE PERMANENT COLLECTION AND SPECIAL EXHIBITIONS, THE MUSEUM MAINTAINS ACTIVE EDUCATIONAL, ACADEMIC, (CONTINUED ON SCHEDULE O)AND PUBLIC PROGRAMS, AND NUMEROUS PARTNERSHIPS WITH OTHER D.C. ARTS ORGANIZATIONS, EMBASSIES, AND EDUCATIONAL INSTITUTIONS. THE PHILLIPS TAKES PRIDE IN ITS HERITAGE AS AN INTIMATE MUSEUM COMBINED WITH AN EXPERIMENT STATION.

Program Service Accomplishments

Program 1
Expenses: $4,805,232 Revenue: $629,710

DEVELOPMENT AND PRESENTATION OF SPECIAL EXHIBITIONS INCLUDING WORKS FROM THE MUSEUM'S OWN HOLDINGS, LOANS FROM INDIVIDUALS AND OTHER INSTITUTIONS, AND COLLABORATIONS WITH OTHER VENUES. HIGHLIGHTS...

Read more

DEVELOPMENT AND PRESENTATION OF SPECIAL EXHIBITIONS INCLUDING WORKS FROM THE MUSEUM'S OWN HOLDINGS, LOANS FROM INDIVIDUALS AND OTHER INSTITUTIONS, AND COLLABORATIONS WITH OTHER VENUES. HIGHLIGHTS FROM FY25 INCLUDE WHERE WE MEET, A LOOK AT THE OVERLAPPING INSTITUTIONAL HISTORIES BETWEEN THE HOWARD UNIVERSITY GALLERY OF ART AND THE PHILLIPS COLLECTION, REVEALING AN EARLY AND EVOLVING RELATIONSHIP DEVELOPED THROUGH A COMMON INTEREST IN COLLECTING, STEWARDSHIP, AND PROVIDING ACCESS TO ART; UP CLOSE WITH PAUL CEZANNE, AN UNVEILING OF TWO RECENTLY CONSERVED WORKS BY PAUL CEZANNE, MONT SAINTE-VICTOIRE (1886-87) AND SELF-PORTRAIT (1878-80), VIEWED IN THE CONTEXT OF FIVE OTHER WORKS BY CEZANNE; MULTIPLICITY: BLACKNESS IN CONTEMPORARY AMERICAN COLLAGE, WHICH CELEBRATED THE BROAD VARIETY AND COMPLEXITY OF BLACK IDENTITY THROUGH EXPERIMENTAL TECHNIQUES, OFFERING POIGNANT EXPRESSIONS OF HUMAN EXPERIENCE, INCLUDING FRAGMENTATION AND RECONSTRUCTION, SHARED HISTORY AND MEMORY, CULTURAL HYBRIDITY, GENDER FLUIDITY, AND NOTIONS OF BEAUTY; WILLIAM GROPPER: ARTIST OF THE PEOPLE, A PRESENTATION FEATURING MORE THAN 30 WORKS THAT REVEAL THE ARTIST'S BITING COMMENTARY ON HUMAN RIGHTS, ANARCHY, LABOR, FREEDOM, AND DEMOCRACY; BREAKING IT DOWN: CONVERSATIONS FROM THE VAULT, AN EXPLORATION OF MUSEUM FOUNDER DUNCAN PHILLIPS'S CONCEPT OF "UNITS," GROUPS OF WORKS OF ART THAT REPRESENT KEY ASPECTS OF AN ARTIST'S VISION OR SPIRIT, THROUGH SEVERAL ARTISTS WHO ARE CORNERSTONES OF THE COLLECTION AS WELL AS A GROWING COLLECTION OF WORKS BY TRAILBLAZERS OF OUR TIME; TIMELESS MUCHA: THE MAGIC OF LINE, A SURVEY OF CZECH PAINTER AND DECORATIVE ARTIST ALPHONSE MUCHA, EXPLORING HIS ARTISTIC EVOLUTION, REVOLUTIONARY CONTRIBUTIONS TO GRAPHIC DESIGN, AND THE ENDURING INFLUENCE OF HIS SIGNATURE STYLE ON PSYCHEDELIC ROCK POSTERS, ALBUM COVERS, COMIC BOOKS, AND JAPANESE MANGA; ESSEX HEMPHILL: TAKE CARE OF YOUR BLESSINGS, AN EXPLORATION OF THE INTERDISCIPLINARY RELATIONSHIP BETWEEN PROMINENT WASHINGTON, DC, POET, PERFORMER, EDITOR, AND ACTIVIST ESSEX HEMPHILL'S WRITING - RAW, POLITICALLY CHARGED, AND DEEPLY PERSONAL - AND CONTEMPORARY VISUAL ART BY ARTISTS WHO KNEW OR COLLABORATED WITH HEMPHILL DURING HIS LIFETIME, ALONGSIDE THOSE WHO FOUND INSPIRATION IN HIS ARTISTIC AND POLITICAL VISION DECADES LATER; AND VIVIAN BROWNE: MY KIND OF PROTEST, A SURVEY OF THE MORE THAN FOUR-DECADE CAREER OF ABSTRACT ARTIST VIVIAN BROWNE, FEATURING SEVEN BODIES OF WORK AS WELL AS EPHEMERA THAT HIGHLIGHT BROWNE'S PIONEERING ACTIVISM AND INFLUENTIAL TEACHING CAREER.

Program 2
Expenses: $3,025,674 Revenue: $577,278

MANAGEMENT AND MAINTENANCE OF THE MUSEUM'S PERMANENT COLLECTION OF NEARLY 6,000 WORKS. WHEN THE MUSEUM OPENED TO THE PUBLIC IN 1921 AS THE NATION'S FIRST MUSEUM OF MODERN AND CONTEMPORARY ART, THE...

Read more

MANAGEMENT AND MAINTENANCE OF THE MUSEUM'S PERMANENT COLLECTION OF NEARLY 6,000 WORKS. WHEN THE MUSEUM OPENED TO THE PUBLIC IN 1921 AS THE NATION'S FIRST MUSEUM OF MODERN AND CONTEMPORARY ART, THE COLLECTION COMPRISED OVER 200 WORKS ACQUIRED BY DUNCAN PHILLIPS. OUR NEW ACQUISITIONS, ARRIVING THROUGH BOTH GIFT AND PURCHASE, REFLECT THE MUSEUM'S EFFORTS TO CONTINUE PHILLIPS'S LEGACY WITH WORKS THAT DEEPEN OR INTRODUCE NEW GLOBAL VOICES INTO OUR COLLECTION WHILE ENRICHING THE NARRATIVE OF MODERN AND CONTEMPORARY ART. OUR DISPLAYS OF THE PERMANENT COLLECTION HAVE BUILT MEANINGFUL CONNECTIONS WITH COMMUNITIESFROM LOCAL TO INTERNATIONAL. NOTABLE ACQUISITIONS INCLUDE WORKS BY RUSH BAKER IV, MARTIN CREED, HENRI MATISSE, AND GEORGE SEGAL. COMMENSURATE ACTIVITIES INCORPORATED ONGOING CONSERVATION EFFORTS TO (CONTINUED ON SCHEDULE O)PRESERVE AND PROTECT THE GROWING COLLECTION, AND THE CONTINUANCE OF COLLECTION DIGITIZATION FOR PUBLICATIONS AND PRESENTATION ON THE MUSEUM'S WEBSITE, ARTSTOR, GOOGLE ARTS & CULTURE, AND THE MULTI-MUSEUM APP BLOOMBERG CONNECTS. MOREOVER, THE HIGH QUALITY OF WORKS IN THE COLLECTION PRESENTED MANY OPPORTUNITIES FOR COLLABORATION WITH OTHER MUSEUMS BOTH FOR EXHIBITION PARTNERSHIPS AND FOR LENDING WORKS TO ENHANCE PROJECTS AT OTHER VENUES - NOTABLE FY25 BORROWERS INCLUDED BARNES FOUNDATION, PHILADELPHIA, PA; MUSE DE LORANGERIE, PARIS, FRANCE; AND MUSE FABRE, MONTPELLIER, FRANCE. WHILE THE PHILLIPS DID NOT CIRCULATE AN EXHIBITION DRAWN FROM ITS COLLECTION TO OTHER VENUES THIS FISCAL YEAR, THE MUSEUM ORGANIZED BREAKING IT DOWN: CONVERSATIONS FROM THE VAULT. THE EXHIBITION WAS DRAWN ENTIRELY FROM THE PHILLIPS'S COLLECTION AND OFFERED A FRESH EXPLORATION OF SEVERAL ARTISTS WHO ARE CORNERSTONES OF THE COLLECTION, INCLUDING GEORGES BRAQUE, RICHARD DIEBENKORN, ARTHUR DOVE, SAM GILLIAM, PAUL KLEE, AND GEORGIA O'KEEFFE, ALONGSIDE A GROWING COLLECTION OF WORKS BY TRAILBLAZERS OF OUR TIME, INCLUDING SEAN SCULLY, SYLVIA SNOWDEN, RENE STOUT, JOYCE WELLMAN, AND MORE.

Program 3
Expenses: $2,921,062 Revenue: $614,388

THE PHILLIPS COLLECTION ENGAGED WITH AUDIENCES THROUGH ONSITE PROGRAMS INCLUDING MEMBER ART TOURS, EXHIBITION OPENINGS, AND OTHERS. THROUGH THOUGHTFULLY CURATED PERFORMANCES, PHILLIPS MUSIC, THE...

Read more

THE PHILLIPS COLLECTION ENGAGED WITH AUDIENCES THROUGH ONSITE PROGRAMS INCLUDING MEMBER ART TOURS, EXHIBITION OPENINGS, AND OTHERS. THROUGH THOUGHTFULLY CURATED PERFORMANCES, PHILLIPS MUSIC, THE MUSEUM'S CONCERT SERIES, CONTINUES TO PRESENT AN OUTSTANDING PROGRAM OF CONCERTS, SHOWCASING A CULTURALLY DIVERSE RANGE OF ARTISTS AND MUSICAL STYLES. THE SEASON HIGHLIGHTED BOTH EMERGING AND ESTABLISHED MUSICIANS, FEATURING COMPOSITIONS CELEBRATING ARTISTIC EXCELLENCE WHILE FOSTERING CONNECTIONS BETWEEN MUSIC AND VISUAL ART. WE WERE ABLE TO OFFER A FULL GUEST EXPERIENCE WITH AMENITIES INCLUDING OUR CAF WHICH IS OPERATED BY A BELOVED LOCAL BAKERY, AND A GIFT SHOP WHICH CONTINUES TO BE ONE OF THE BEST MUSEUM SHOPS IN THE WORLD. WE CONNECTED WITH BOTH CURRENT AND POTENTIAL MEMBERS AND VISITORS THROUGH (CONTINUED ON SCHEDULE O)OUR WEBSITE, SOCIAL MEDIA, E-NEWSLETTERS, LOCAL AND REGIONAL MARKETING AND ADVERTISING, AND OUR PARTICIPATION IN THE BLOOMBERG CONNECTS APP. OUR DYNAMIC AND POPULAR 1ST THURSDAY PROGRAM, PHILLIPS AFTER FIVE, AND OUR 3RD THURSDAY FREE EVENINGS APPEAL TO A WIDE DEMOGRAPHIC. WE CONTINUE TO OFFER OUR MUSEUM AS A UNIQUE AND CAPTIVATING LOCATION FOR EXTERNAL EVENTS THROUGHOUT THE YEAR.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,020,447
Program Service Revenue $1,472,937
Investment Income $14,695,435
Other Revenue $380,845
TOTAL REVENUE $26,569,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,472,833
Fundraising Expenses $1,996,348
Program Expenses $12,877,119
Other Expenses $7,703,421
TOTAL EXPENSES $17,368,949

Year-over-Year Comparison

2024 2023 Change
Revenue $26,569,664 $13,695,996 +0.9%
Expenses $17,368,949 $17,349,802 +0.0%
Net Income $9,200,715 $-3,653,806 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
31
Independent Members
31
Employees
242
Volunteers
60

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
8
$713,416
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE GARCIA CHAIR 3.00
Officer Director
$0 $0 $0
ROBERT DRUMHELLER VICE CHAIR 2.00
Officer Director
$0 $0 $0
AKIO TAGAWA VICE CHAIR 2.00
Officer Director
$0 $0 $0
JANE LOLE SECRETARY 2.00
Officer Director
$0 $0 $0
JEFF WHITAKER TREASURER 2.00
Officer Director
$0 $0 $0
PATTY ALPER-COHN TRUSTEE 1.00
Director
$0 $0 $0
THERESA BALARAN TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS BENNETT TRUSTEE 1.00
Director
$0 $0 $0
BEATRIZ BOLTON TRUSTEE 1.00
Director
$0 $0 $0
BARBARA BERISH BROWN TRUSTEE 1.00
Director
$0 $0 $0
ZOE CHARLTON TRUSTEE 1.00
Director
$0 $0 $0
NINA CHUNG DWYER TRUSTEE 1.00
Director
$0 $0 $0
JOSH EASTRIGHT TRUSTEE 1.00
Director
$0 $0 $0
ANNE EDWARDS TRUSTEE 1.00
Director
$0 $0 $0
TODD GALAIDA TRUSTEE 1.00
Director
$0 $0 $0
PAMELA GWALTNEY TRUSTEE 1.00
Director
$0 $0 $0
BONNIE BURKE HIMMELMAN TRUSTEE 1.00
Director
$0 $0 $0
BENNIE F JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
PAMELA KAPLAN TRUSTEE 1.00
Director
$0 $0 $0
RUSSELL KATZ TRUSTEE 1.00
Director
$0 $0 $0
PAUL KILLIAN TRUSTEE 1.00
Director
$0 $0 $0
GAIL LIONE TRUSTEE 1.00
Director
$0 $0 $0
B THOMAS MANSBACH TRUSTEE 1.00
Director
$0 $0 $0
SARAH MILLS TRUSTEE 1.00
Director
$0 $0 $0
JUANITA MOORE TRUSTEE 1.00
Director
$0 $0 $0
SALA PATTERSON TRUSTEE 1.00
Director
$0 $0 $0
LIZA PHILLIPS TRUSTEE 1.00
Director
$0 $0 $0
ERIC RICHTER TRUSTEE 1.00
Director
$0 $0 $0
MARK ROSMAN TRUSTEE 1.00
Director
$0 $0 $0
REID WALKER TRUSTEE 1.00
Director
$0 $0 $0
LESLIE WHEELOCK TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN BINSTOCK VRADENBURG DIRECTOR & CEO 60.00
Officer
$375,556 $64,258 $439,814
CHERYL NICHOLS CFO 45.00
Officer
$182,109 $55,563 $237,672
BRADLEY FREEDMAN COO (FROM 10/2024) 45.00
Officer
$30,091 $5,839 $35,930
ELIZABETH RACHEVA CHIEF ADVANCEMENT OFFICER 45.00
Highest
$168,664 $48,185 $216,849
YUMA I TOMES HORNING CHAIR FOR DEAI 45.00
Highest
$137,541 $24,986 $162,527
ANGELA GILLESPIE DIR. OF HUMAN RESOURCES 45.00
Highest
$133,875 $64,258 $198,133
ELSA SMITHGALL CHIEF CURATOR 45.00
Highest
$132,869 $30,150 $163,019
RENEE LITTLETON CHIEF COMMUNICATIONS OFFICER 45.00
Highest
$126,449 $15,064 $141,513
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 $26,569,664 $17,368,949 $131,831,964 $9,200,715
2024 $13,695,996 $17,349,802 $128,931,106 $-3,653,806
2023 $21,268,355 $16,615,354 $127,766,198 $4,653,001
2022 $15,615,081 $16,089,293 $125,952,725 $-474,212
2021 $17,753,788 $13,060,797 $133,843,436 $4,692,991
2020 $10,501,207 $13,934,451 $115,569,748 $-3,433,244
2019 $21,813,601 $14,555,535 $116,986,965 $7,258,066
2018 $13,932,391 $13,801,859 $112,230,667 $130,532
Explore More Nonprofits
Top 100 Nonprofits in District of Columbia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE PHILLIPS COLLECTION with other nonprofits in District of Columbia and across the country.