National Gallery of Art

EIN: 536001666 501(c)(3) Arts, Culture & Humanities

Landover, MD

Total Revenue
$315,490,371
Total Expenses
$243,671,523
Total Assets
$1,934,331,657
Net Assets
$1,758,659,080
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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
DC
Principal Officer
Kaywin Feldman
Phone
2027374215
Tax Period
2023-10-01 to 2024-09-30

National Gallery of Art, founded in 1937, is a major nonprofit in the Arts, Culture & Humanities sector that reported $315.5M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71.8M, a strong 23% operating margin.

Mission

The National Gallery of Art serves the nation by welcoming all people to explore and experience art, creativity, and our shared humanity.

Program Service Accomplishments

Program 1
Expenses: $82,175,667 Revenue: $28,950

COLLECTIONS, CURATORIAL AND ACQUISITIONS OF ARTThe National Gallery's collection is at the heart of the National Gallery's mission, following founder Andrew W. Mellon's gift and mandate to establish...

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COLLECTIONS, CURATORIAL AND ACQUISITIONS OF ARTThe National Gallery's collection is at the heart of the National Gallery's mission, following founder Andrew W. Mellon's gift and mandate to establish a national gallery with works of the highest quality. The collection of paintings, sculpture, and decorative arts traces the development of European achievements from the thirteenth century to the present and American art from colonial times to the present. It comprises a comprehensive study of Italian Renaissance art, including the only painting by Leonardo da Vinci outside Europe, as well as strong holdings of the French Impressionists, the Dutch and Flemish masters, one of the country's most distinguished American collections, and twentieth-century art. The collection also includes prints, drawings, rare books and photographs. Major post-World War II sculpture is installed in a dynamic and richly landscaped setting in the National Gallery Sculpture Garden.Nearly 160,000 paintings, sculpture, prints, drawings, and photographs comprise the National Gallery's collection.AcquisitionsOver the past year our Curatorial and Collections departments brought over 2,000 new artworks, by purchase or gift, to the National Gallery. Select highlights include a large-scale oil painting, "Christ Gathering His Garments after the Flagellation" by the Spanish-American artist Juan Correa (active 1645-d. 1716). The painting is a large and exquisite example of Correa's mature style. Signed and dated, it would have been created as an object of public devotion for a cathedral or church chapel. The National Gallery also acquired an exceedingly rare coral-handled spoon from around 1570, a highly treasured object in 16th-century Europe for its exoticism as a natural material originating in distant lands. Additionally, the National Gallery acquired a landscape painting by the Cherokee artist Kay Walkingstick, who pictured the North Rim of the Grand Canyon overlaid with patterns based on Southwest American Indian rugs and pottery.ConservationThe Conservation Division continued to protect, preserve and steward our collections through 1,431 treatments of works of art and another 2,281 object examinations, on top of 2,650 examinations of objects arriving from other museums and institutions to go on display in special exhibitions. In addition, the Conservation Division is continuously engaged in long-term research projects about the collection.

Program 2
Expenses: $53,648,173 Revenue: $141,251

EDUCATION AND PUBLIC PROGRAMSThe National Gallery's public programs provided visitors with unique art-based experiences created in collaboration with artists, musicians, film makers, and community...

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EDUCATION AND PUBLIC PROGRAMSThe National Gallery's public programs provided visitors with unique art-based experiences created in collaboration with artists, musicians, film makers, and community partners. 51,895 guests attended our 91 musical concerts including our popular Jazz in the Garden series. We served 8,514 participants through 71 film screenings showcasing rare, international, and art films across a variety of genres. 42,146 visitors participated in ongoing series of in-person public tours and gallery talks and an additional 12,995 participated in online programs. Our onsite and online multigenerational programs engaged over 15,000 people of all ages in family-oriented activities including artmaking, story time, and online sketchbook club. In FY24, the National Gallery served over 23,000 K-12 students from across the nation in guided tour experiences with specially trained docents and museum educators. Additionally, the National Gallery provided professional development for 6,797 teachers through curated workshops, courses, trainings, and our Massive Open Online Course (MOOC) "Teaching Critical Thinking Through Art with the National Gallery of Art". The affiliate loan program, which broadcasts resources on TV stations, classrooms, and organizations across the United States, reached an annual estimated (reported) viewership/audience of 54,170,637. Approximately 37,337 print resources (including Posters, Art Tales booklets, flyers, and bookmarks) were distributed to educators in all 50 states, the District of Columbia, Armed Forces (AE), and Guam. Additionally, 852 teaching packets and DVDs have been shared with educators, complementing our robust schedule of in-person and virtual tours for K-12 students. The National Gallery Library continued to expand access, acquire significant materials, and enhance research services. This year, 13,000 new images were added, 4,223 books were acquired, and 1,250 electronic resources were added. The Digital Content Strategy and Experience Division continued to grow our digital audiences, delivering engaging content across multiple platforms. Website visits surpassed 15 million, while social media impressions reached 66.9 million. Our original videos engaged viewers nationwide, achieving a record 21.9 million views across all 50 states. The National Gallery also won 5 Webby Awards - more than any museum in a single year of Webby history. The Imaging Department catalogued 14,385 images in the Digital Asset Management System (DAMS) and continued to produce authoritative images, adding 5,992 collection images, representing 3,752 unique collections objects. Over 3,300 object images were created as part of our move to a new collections storage facility. And, for the second consecutive year, our Open Access Imaging program saw nearly half a million image downloads. The Center, founded in 1979, for advanced study in the visual arts, continued to foster the study of the production, use, and cultural meaning of art, artifacts, architecture, urbanism, photography, and film from all places and periods. In fiscal year 2024, the Center organized 43 scholarly programs, supported more than 50 fellows, and spearheaded hundreds of scholarly collaborations with researchers from around the world through its events, publications, and research initiatives. Highlights from the Center's programs included "Women in Art and Music: An Early Modern Global Conference," a collaboration with the Juilliard School with programming in Washington and New York; the 73rd A. W. Mellon Lectures in the Fine Arts "Chasing That Which Is Not Me / Chasing That Which Is Me" by actress and playwright Anna Deavere Smith; the Sydney J. Freedberg Lecture on Italian Art presented by Michael Cole; and the Wyeth Lecture in American Art delivered by Roberto Tejada. During the fiscal year the Center published "Contact: Art and the Pull of Print" by Jennifer L. Roberts with Princeton University Press, as part of the A. W. Mellon Lectures in the Fine Arts series.

Program 3
Expenses: $26,951,927 Revenue: $53,673

SPECIAL EXHIBITIONSAn integral aspect of the National Gallery's programming is organizing and presenting special exhibitions of major works of art lent from public and private collections around the...

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SPECIAL EXHIBITIONSAn integral aspect of the National Gallery's programming is organizing and presenting special exhibitions of major works of art lent from public and private collections around the world, highlighting the breadth of artistic achievement in all forms. Through collaborative relationships with other nations and museums, special exhibitions bring together great works of art and contribute to scholarship in the field.During the fiscal year, 259 lenders from 17 countries and 41 states loaned 806 works of art to 9 exhibitions (7 special loan exhibitions and 2 in-house exhibitions). The National Gallery also worked on another 13 projects scheduled to open in the next five years and administered the tour of 4 exhibitions. "Dorothea Lange: Seeing People" - During her long, prolific, and groundbreaking career, the American photographer Dorothea Lange made some of the most iconic portraits of the 20th century. Featuring some 100 photographs, the exhibition addresses her innovative approaches to picturing people, emphasizing her work on social issues."Mark Rothko: Paintings on Paper" - Joy, despair, ecstasy, tragedy: these are some of the themes that Mark Rothko sought to express in his luminous art. Rothko is renowned for his towering abstract paintings on canvas, but few people know that he also created nearly 1,000 paintings on paper over the course of his career. This exhibition brings together more than 100 of Rothko's most compelling paintings on paper, many on view for the first time. Together, these radiant, rarely displayed paintings transform our understanding of one of the preeminent artists of the 20th century."Woven Histories: Textiles and Modern Abstraction" - The exhibit challenges the hierarchies that often separate textiles from fine arts. Putting into dialogue some 160 works by more than 50 creators from across generations and continents, the exhibition explores the contributions of weaving and related techniques to abstraction, modernism's preeminent art form. "Paris 1874: The Impressionist Moment" - Honoring the 150th anniversary of the first impressionist exhibition, the exhibit brings together some 130 paintings, works on paper, prints, sculptures, and photographs to take a fresh look at its importance and explore the various ways that artists responded to a city recovering from the violence of war and enormous political and social upheaval. The selected works include beloved paintings by Paul Cezanne, Claude Monet, Berthe Morisot, and Camille Pissarro and their lesser-known contemporaries. The exhibition reveals the art norms they were rebelling against and the political and social shifts sparked their new approach to art."Spirit & Strength: Modern Art from Haiti" - Art flourished in Haiti, the world's first Black republic, in the mid-1900s. Painters like Hector Hyppolite, Rigaud Benoit, and Philome Obin were known around the world for their images of Haitian daily life, religious traditions, and history. All Other Special Exhibitions: "Etched by Light: Photogravures from the Collection, 1840-1940" "American Places: Featuring Selections from the Corcoran Collection" "Conversations: Kerry James Marshall and John Singleton Copley" "The Anxious Eye: German Expressionism and Its Legacy" "Robert Longo Drawings: Engines of State" "Gordon Parks: Camera Portraits from the Corcoran Collection"

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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 $211,777,177
Program Service Revenue $124,831
Investment Income $101,644,219
Other Revenue $1,944,144
TOTAL REVENUE $315,490,371

Expense Breakdown

Grants Paid $1,638,637
Salaries & Benefits $131,410,825
Fundraising Expenses $7,502,518
Program Expenses $171,207,396
Other Expenses $110,622,061
TOTAL EXPENSES $243,671,523

Year-over-Year Comparison

2023 2022 Change
Revenue $315,490,371 $250,942,541 +0.3%
Expenses $243,671,523 $247,574,955 0.0%
Net Income $71,818,848 $3,367,586 +20.3%
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
9
Independent Members
9
Employees
944
Volunteers
352

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
$5,789,159
Total Directors
9
$0
Key Employees
5
$1,504,912
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darren Walker President of the Board 1.00
Director
$0 $0 $0
David M Rubenstein Chairman of the Board 1.00
Director
$0 $0 $0
Laura Arrillaga-Andreessen Trustee 1.00
Director
$0 $0 $0
Indra Nooyi Trustee 1.00
Director
$0 $0 $0
Mitchell P Rales Trustee 1.00
Director
$0 $0 $0
Chief Justice of the US Ex-officio Trustee 0.00
Director
$0 $0 $0
Secretary of State Ex-officio Trustee 0.00
Director
$0 $0 $0
Sec'y of the US Treasury Ex-Officio Trustee 0.00
Director
$0 $0 $0
Sec'y of the Smithsonian Ex-Officio Trustee 0.00
Director
$0 $0 $0
Kaywin Feldman Director 40.00
Officer
$1,105,640 $454,093 $1,559,733
William W McClure Treasurer 40.00
Officer
$617,136 $194,734 $811,870
Steven Nelson Dean, CASVA 40.00
Officer
$510,161 $145,683 $655,844
Kate Haw-Collections Exhibitions & Programs Off 40.00
Officer
$455,960 $129,537 $585,497
Eric Motley - Deputy Director 40.00
Officer
$580,105 $171,109 $751,214
E Carmen Ramos-Curatorial Conservation Officer 40.00
Officer
$391,979 $131,997 $523,976
Luis Baquedano Secretary General Counsel 40.00
Officer
$476,338 $162,147 $638,485
Laura Lott COO (effective 7/2/23) 40.00
Officer
$202,851 $59,689 $262,540
Sheila McDaniel Administrator (through 7/1/23) 40.00
Key Emp
$266,980 $53,480 $320,460
Robert Stein CIO 40.00
Key Emp
$243,198 $69,945 $313,143
Susan B Wertheim-Deputy Admin Capital Projects/Chief Architect 40.00
Key Emp
$248,683 $76,745 $325,428
Alan Dirican Chief of Facilities Manage 40.00
Key Emp
$233,058 $70,456 $303,514
Genia Reaves - Chief of Protection Services 40.00
Key Emp
$200,641 $41,726 $242,367
Franklin W Kelly Senior Curator 40.00
Highest
$278,371 $89,504 $367,875
Nicholas Sharp Chief Digital Officer 40.00
Highest
$270,358 $75,194 $345,552
Christine Kelleher Chief of Investments 40.00
Highest
$277,686 $62,048 $339,734
Michele Nichols Chief of Staff 40.00
Highest
$265,447 $65,733 $331,180
Elizabeth Pochter-Admin for Policy & Prgms (through 10/31/23) 40.00
Highest
$270,398 $66,952 $337,350
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 $315,490,371 $243,671,523 $1,934,331,657 $71,818,848
2023 $250,942,541 $247,574,955 $1,676,083,893 $3,367,586
2022 $155,074,162 $218,742,716 $1,530,551,073 $-63,668,554
2021 $361,600,225 $219,034,269 $1,849,020,278 $142,565,956
2020 $274,186,840 $210,174,591 $1,564,479,385 $64,012,249
2019 $226,167,201 $208,958,620 $1,452,364,541 $17,208,581
2018 $277,316,441 $199,390,648 $1,438,384,394 $77,925,793
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