Hunter Museum of American Art

EIN: 620511893 501(c)(3) Arts, Culture & Humanities

Chattanooga, TN

Total Revenue
$6,133,879
Total Expenses
$6,223,549
Total Assets
$44,920,756
Net Assets
$43,295,217
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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
TN
Principal Officer
Virginia Anne Sharber
Phone
4232678918
Tax Period
2024-06-01 to 2025-05-31

Hunter Museum of American Art, founded in 1951, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $43.3M represent 85 months of operating reserves.

Mission

The Hunter Museum of American Art collects, preserves, and presents American art and connects the community through inspiring educational and visitor-focused experiences for all.

Program Service Accomplishments

Program 1
Expenses: $1,911,256 Revenue: $388,404

Welcoming more than 60,000 guests annually, the Hunter Museum of American Art has served for 70 years as a cultural center of the community, presenting significant exhibitions and programs, hosting...

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Welcoming more than 60,000 guests annually, the Hunter Museum of American Art has served for 70 years as a cultural center of the community, presenting significant exhibitions and programs, hosting numerous events and gatherings serving as an important draw for tourists and for businesses considering moving to the region and providing a safe space for contemplation and dialogue. Committed to welcoming all people, the Hunter is very intentional about including under-represented artists and audiences in both the artwork it presents and the visitors and communities it engages. The Hunter Museum has been continuously accredited by the American Alliance of Museums since 1982.

Program 2
Expenses: $1,922,404

The Hunters permanent collection includes nearly 3,000 works of American art, all of which are accessible through the museums website, spanning the early 1700s to today, presented across 20 galleries...

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The Hunters permanent collection includes nearly 3,000 works of American art, all of which are accessible through the museums website, spanning the early 1700s to today, presented across 20 galleries within the museum. The museums three strategic collecting priorities are works by female artists, both historic and contemporary, works by artists of color, both historic and contemporary, and technology-based works, including photography, video, and new media. Making artwork available outside the walls of the museum, the Hunter has over 20 sculptures installed throughout the city and regularly loans artwork to other institutions around the country, furthering the museums accessibility to a wider audience. The museum presents 4 to 6 special exhibitions each year, many of which are organized internally. Accompanying the artwork on display are multiple interactive spaces, offering guests the opportunity to become creators themselves.

Program 3
Expenses: $307,636 Revenue: $79,738

The museum is a leader in youth and adult educational experiences, partnering with area organizations and community members to create customized experiences for a range of audiences, such as Black...

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The museum is a leader in youth and adult educational experiences, partnering with area organizations and community members to create customized experiences for a range of audiences, such as Black professionals, teenagers, Title 1 school students, Spanish speaking students and adults, area educators, and prison inmates. Public programs engage with community issues and many feature BIPOC creatives and local leaders, all paid for their participation. Recognizing that affordability can be a barrier to access, the museum offers free admission for youth 17 and under, military families, and social service groups, multiple free programs, and free admission on the first Thursday afternoon of every month. A partnership with Museums for All offers EBT cardholders and their guests deeply discounted admission year-round. Fully ADA compliant, the museum has developed hands-on tools to offer additional avenues of access for low vision guests and those on the autism spectrum and continually seeks to meet audiences where they are.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,051,340
Program Service Revenue $468,142
Investment Income $2,771,893
Other Revenue $842,504
TOTAL REVENUE $6,133,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,395,329
Fundraising Expenses $524,705
Program Expenses $4,141,296
Other Expenses $3,828,220
TOTAL EXPENSES $6,223,549

Year-over-Year Comparison

2024 2023 Change
Revenue $6,133,879 $7,585,822 -0.2%
Expenses $6,223,549 $5,916,308 +0.1%
Net Income $-89,670 $1,669,514 -1.1%
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
96
Volunteers
129

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
5
$246,091
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Virginia Anne Sharber Executive Director 040.00
Officer
$218,299 $27,792 $246,091
Robert Majors Director of Internal Operations 040.00
Highest
$114,890 $14,691 $129,581
Cara McGowan Director of Institutional Advancement 040.00
Highest
$110,092 $18,351 $128,443
Todd Womack Board Chair 004.00
Officer Director
$0 $0 $0
Andrea Crouch Past Board Chair 004.00
Officer Director
$0 $0 $0
Dan Norton Treasurer 004.00
Officer Director
$0 $0 $0
BettyeLynn Smith Secretary 004.00
Officer Director
$0 $0 $0
John Bode Trustee 002.00
Director
$0 $0 $0
Kim Gavin Trustee 002.00
Director
$0 $0 $0
Terri Holley Trustee 002.00
Director
$0 $0 $0
John Shearburn Trustee 002.00
Director
$0 $0 $0
Reese Veltenaar Trustee 002.00
Director
$0 $0 $0
Angie Supan Trustee 002.00
Director
$0 $0 $0
Quintin Alford Trustee 002.00
Director
$0 $0 $0
Carley Boehm Trustee 002.00
Director
$0 $0 $0
Chanda Chambers Trustee 002.00
Director
$0 $0 $0
Amanda Jackson Trustee 002.00
Director
$0 $0 $0
Daniela Peterson Trustee 002.00
Director
$0 $0 $0
Julie Stowe Trustee 002.00
Director
$0 $0 $0
Janelle Reilly Trustee 002.00
Director
$0 $0 $0
Johnny O'Brien Trustee 002.00
Director
$0 $0 $0
Steve Zabel Trustee 002.00
Director
$0 $0 $0
Ward Davenport Trustee 002.00
Director
$0 $0 $0
Kelly Arnold Trustee 002.00
Director
$0 $0 $0
Dan Pratt Trustee 002.00
Director
$0 $0 $0
Dakasha Winton Trustee 002.00
Director
$0 $0 $0
Mike Berry Trustee 002.00
Director
$0 $0 $0
Allison Cromie Trustee 002.00
Director
$0 $0 $0
Dana Perry Trustee 002.00
Director
$0 $0 $0
Harolda Bryson Trustee 002.00
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 $6,133,879 $6,223,549 $44,920,756 $-89,670
2024 $7,585,822 $5,916,308 $44,634,752 $1,669,514
2023 $3,190,456 $4,787,359 $43,274,451 $-1,596,903
2022 $7,390,848 $6,776,839 $45,514,020 $614,009
2020 $2,696,718 $3,924,142 $40,975,201 $-1,227,424
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