MINT MUSEUM OF ART INC

EIN: 560670666 501(c)(3) Arts, Culture & Humanities

CHARLOTTE, NC

Total Revenue
$14,644,029
Total Expenses
$15,458,557
Total Assets
$102,652,411
Net Assets
$100,332,680
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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
NC
Principal Officer
DR TODD A HERMAN
Phone
7043372000
Tax Period
2024-07-01 to 2025-06-30

MINT MUSEUM OF ART INC, founded in 1936, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.6M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Net assets of $100.3M represent 82 months of operating reserves.

Mission

THE MINT MUSEUM IS A LEADING, INNOVATIVE MUSEUM OF INTERNATIONAL ART AND DESIGN COMMITTED TO ENGAGING AND INSPIRING ALL MEMBERS OF OUR GLOBAL COMMUNITY. THE MINT MUSEUM IS DEDICATED TO LEADERSHIP IN COLLECTING, EXHIBITING, CONSERVING, RESEARCHING, PUBLISHING, INTERPRETING, AND SHARING ART AND DESIGN FROM AROUND THE WORLD. THESE COMMITMENTS ARE CENTRAL TO THE MUSEUM'S CORE VALUES OF LEADERSHIP, INTEGRITY, INCLUSIVENESS, KNOWLEDGE, STEWARDSHIP, AND INNOVATION, PROMOTING UNDERSTANDING OF AND RESPECT FOR DIVERSE PEOPLES AND CULTURES. MUSEUM ADMISSION, SPECIAL EVENTS, LEARNING AND ENGAGEMENT PROGRAMS, AND OUTREACH INITIATIVES DEEPEN THE RELATIONSHIP BETWEEN THE ARTS AND CULTURE SECTOR AND THE DIVERSE COMMUNITY WE SERVE - REACHING OVER 500,000 PEOPLE THROUGH VISITATION AND ONLINE CHANNELS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,578,966
Program Service Revenue $1,082,403
Investment Income $3,099
Other Revenue $2,979,561
TOTAL REVENUE $14,644,029

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,243,288
Fundraising Expenses $1,244,806
Program Expenses $12,458,367
Other Expenses $9,215,269
TOTAL EXPENSES $15,458,557

Year-over-Year Comparison

2024 2023 Change
Revenue $14,644,029 $8,975,976 +0.6%
Expenses $15,458,557 $14,108,047 +0.1%
Net Income $-814,528 $-5,132,071 -0.8%
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
23
Independent Members
23
Employees
109
Volunteers
900

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
4
$610,961
Total Directors
23
$0
Key Employees
1
$171,957
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR TODD A HERMAN PRESIDENT & CEO 40.00
Officer
$361,155 $25,328 $386,483
GARY C BLANKEMEYER COO/CFO 40.00
Officer
$212,070 $12,408 $224,478
JENNIFER SUDUL EDWARDS CHIEF CURATOR 40.00
Key Emp
$153,669 $18,288 $171,957
HILLARY COOPER CHIEF ADVANCEMENT OFFICER 40.00
Highest
$138,413 $2,659 $141,072
CLAYTON SEALEY SR DIR, MKTG/COMMUNICATIONS 40.00
Highest
$131,495 $3,280 $134,775
EBONY HOUSE BRADSHAW DIR. OF HUMAN RESOURCES 40.00
Highest
$101,708 $15,930 $117,638
ULANDA BRISTER DIRECTOR OF ACCOUNTING 40.00
Highest
$100,371 $4,648 $105,019
BETH QUARTAPELLA CHAIR 1.00
Officer Director
$0 $0 $0
MILTON PRIME IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
DAVID HOUSTON TREASURER 1.00
Officer Director
$0 $0 $0
CHARLOTTE WICKHAM TRUSTEE 1.00
Director
$0 $0 $0
JESS SIDHOM TRUSTEE 1.00
Director
$0 $0 $0
WESTON ANDRESS TRUSTEE 1.00
Director
$0 $0 $0
JILL KELLY TRUSTEE 1.00
Director
$0 $0 $0
ALICIA BARNES TRUSTEE 1.00
Director
$0 $0 $0
JULIE EISELT TRUSTEE 1.00
Director
$0 $0 $0
LINDSAY MCCULLOUGH TRUSTEE 1.00
Director
$0 $0 $0
EVGENIYA EZHOVA TRUSTEE 1.00
Director
$0 $0 $0
LUCY HARDISON TRUSTEE 1.00
Director
$0 $0 $0
SARAH GORDON TRUSTEE 1.00
Director
$0 $0 $0
POSEY MEALY TRUSTEE 1.00
Director
$0 $0 $0
SIDNEY ECHEVARRIA CHAIR, MMA COLLECTIONS BOA 1.00
Director
$0 $0 $0
MATTHEW MOORE TRUSTEE 1.00
Director
$0 $0 $0
SHANNON SMITH TRUSTEE 1.00
Director
$0 $0 $0
JOHN CLEMONS TRUSTEE 1.00
Director
$0 $0 $0
KATIE HALLAWAY TRUSTEE 1.00
Director
$0 $0 $0
LAUREN HARKEY TRUSTEE 1.00
Director
$0 $0 $0
BETSY ROSEN TRUSTEE 1.00
Director
$0 $0 $0
REX REYNOLDS TRUSTEE 1.00
Director
$0 $0 $0
CHERYL PALMER TRUSTEE 1.00
Director
$0 $0 $0
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 $14,644,029 $15,458,557 $102,652,411 $-814,528
2024 $8,975,976 $14,108,047 $96,370,507 $-5,132,071
2023 $11,062,992 $15,508,423 $79,384,308 $-4,445,431
2022 $10,919,904 $11,957,241 $82,589,737 $-1,037,337
2021 $7,183,468 $9,386,572 $87,046,895 $-2,203,104
2020 $6,923,462 $10,312,038 $80,854,701 $-3,388,576
2019 $7,016,119 $10,394,473 $83,113,681 $-3,378,354
2018 $6,220,994 $9,455,004 $86,275,940 $-3,234,010
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