AMON CARTER MUSEUM OF WESTERN ART

EIN: 751077979 501(c)(3) Arts, Culture & Humanities

FORT WORTH, TX

Total Revenue
$23,500,874
Total Expenses
$22,777,233
Total Assets
$95,114,191
Net Assets
$91,292,791
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
TX
Principal Officer
ANDREW J WALKER
Phone
8177381933
Tax Period
2023-10-01 to 2024-09-30

AMON CARTER MUSEUM OF WESTERN ART, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $23.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $22.8M left a modest 3% surplus.

Mission

THE AMON CARTER MUSEUM OF WESTERN ART WAS ESTABLISHED THROUGH THE GENEROSITY OF AMON G. CARTER SR. (1879-1955) TO HOUSE HIS COLLECTION OF MORE THAN 400 PAINTINGS AND SCULPTURES BY FREDRIC REMINGTION AND CHARLES M. RUSSELL, TO COLLECT, (CONTINUED ON SCHEDULE O...)PRESERVE AND EXHIBIT THE FINEST EXAMPLES OF AMERICAN ART, AND TO SERVE AN EDUCATIONAL ROLE THROUGH EXHIBITIONS, PUBLICATION, AND PROGRAMS DEVOTED TO THE STUDY OF AMERICAN ART.

Program Service Accomplishments

Program 1
Expenses: $12,785,669 Revenue: $88,379

COLLECTIONS AND SPECIAL EXHIBITIONS:SINCE OPENING IN 1961, THE MUSEUM HAS EXPANDED AND DIVERSIFIED ITS HOLDINGS FROM AMON G. CARTER'S PERSONAL COLLECTION OF WESTERN ART TO A COLLECTION OF OVER 7,500...

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COLLECTIONS AND SPECIAL EXHIBITIONS:SINCE OPENING IN 1961, THE MUSEUM HAS EXPANDED AND DIVERSIFIED ITS HOLDINGS FROM AMON G. CARTER'S PERSONAL COLLECTION OF WESTERN ART TO A COLLECTION OF OVER 7,500 DRAWINGS, PAINTINGS, SCULPTURES, PRINTS, AND WATERCOLORS; MORE THAN 45,000 EXHIBITION QUALITY PHOTOGRAPHIC PRINTS; AND OVER 200,000 SUPPORTING DOCUMENTS AND OBJECTS. THE CARTER IS NOW ONE OF THE WORLD'S PREEMINENT MUSEUMS DEVOTED EXCLUSIVELY TO THE STUDY OF AMERICAN ART WITH PREMIERE MASTERWORKS BY GREAT AMERICAN ARTISTS FROM THE 19TH CENTURY TO THE PRESENT DAY. THE MUSEUM IS COMMITTED TO ENGAGING AUDIENCES THROUGH COLLECTING, PRESERVING, AND DISPLAYING THIS COLLECTION AND THROUGH AN AMBITIOUS SERIES OF TEMPORARY EXHIBITIONS. SPANNING A WIDE RANGE OF SUBJECTS, (CONTINUED ON SCHEDULE O...)MEDIA, AND TIME PERIODS, THESE EXHIBITIONS, DRAWN FROM THE COLLECTION AS WELL AS LOANS AND PRESENTED IN VARIOUS SPACES BOTH IN THE MUSEUM AND ON ITS GROUNDS, AMPLIFY THE CARTER'S ABILITY TO EXAMINE THE BREADTH OF AMERICAN CREATIVITY.

Program 2
Expenses: $2,391,586

PUBLIC RELATIONS:THE MUSEUM STRIVES TO CREATE APPROACHABLE, THOUGHT-PROVOKING COMMUNICATIONS THAT DEMONSTRATE THE INCLUSIVITY AND DYNAMISM OF THE MUSEUM. THE CARTER'S LOCAL, REGIONAL, AND NATIONAL...

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PUBLIC RELATIONS:THE MUSEUM STRIVES TO CREATE APPROACHABLE, THOUGHT-PROVOKING COMMUNICATIONS THAT DEMONSTRATE THE INCLUSIVITY AND DYNAMISM OF THE MUSEUM. THE CARTER'S LOCAL, REGIONAL, AND NATIONAL STRATEGIC PROMOTIONS INCLUDE PRESS RELEASES, TARGETED MEDIA ENGAGEMENT, EMAIL CAMPAIGNS, PAID ADVERTISING, AND ORGANIC AND PAID SOCIAL MEDIA CAMPAIGNS. THE MUSEUM INVESTS IN PUBLICATIONS WITH AN EMPHASIS ON SERVING DIVERSE AUDIENCES AS A CORE PILLAR OF THE COMPREHENSIVE ADVERTISING/MEDIA PLAN. THE MEDIA PLAN EMPHASIZES CONSISTENT COVERAGE WITH MULTIPLE POINTS OF PLACEMENT THROUGHOUT THE YEAR BUILDING RECOGNITION FOR THE CARTER WHILE INVESTING IN DIVERSE LED BUSINESS. THE CARTER'S WEBSITE WAS REBUILT IN 2019 WITH THE EMPHASIS OF A USER (CONTINUED ON SCHEDULE O...)FIRST MODEL WHICH INCLUDED CLOSE ATTENTION TO THE WEB CONTENT ACCESSIBILITY GUIDELINES (WCAG). THE MUSEUM'S WEBSITE POLICY INCLUDES WCAG CONSIDERATION INTO ALL ASPECTS OF WORK. WITH A COLLECTION AND EXHIBITIONS, BOTH ONSITE AND ONLINE, THAT SPAN THE BREADTH OF AMERICAN ART FROM THE NINETEENTH CENTURY THROUGH THE PRESENT, THE MUSEUM CAN RESONATE WITH PEOPLE OF ALL BACKGROUNDS.

Program 3
Expenses: $2,167,303 Revenue: $276,011

EDUCATION AND COMMUNITY OUTREACH:THE CARTER MUSEUM WELCOMES VISITORS OF ALL AGES AND ABILITIES AND IS COMMITTED TO HELPING VISITORS ENJOY ITS EXHIBITIONS AND COLLECTION OF AMERICAN ART THROUGH...

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EDUCATION AND COMMUNITY OUTREACH:THE CARTER MUSEUM WELCOMES VISITORS OF ALL AGES AND ABILITIES AND IS COMMITTED TO HELPING VISITORS ENJOY ITS EXHIBITIONS AND COLLECTION OF AMERICAN ART THROUGH ACCESSIBLE FACILITIES, EVENTS, AND INCLUSIVE EXPERIENCES. PARTNERSHIPS AND COLLABORATIONS WITHIN THE COMMUNITY EXTEND BEYOND TRADITIONAL MUSEUM ACTIVITIES AND OCCUR OUTSIDE OF THE MUSEUM TO CREATE MEANINGFUL, CREATIVE CONNECTIONS BETWEEN DIVERSE COMMUNITIES AND THE MUSEUM'S COLLECTION. EDUCATION IS CENTRAL TO THE MUSEUM'S MISSION AND SERVICE TO THE COMMUNITY. REGULAR PROGRAM OFFERINGS AT THE CARTER AND IN THE COMMUNITY INCLUDE: - MONTHLY FAMILY PROGRAMS SERVING AGES 0-12. - SPECIAL FAMILY AND COMMUNITY EVENTS (CONTINUED ON SCHEDULE O...)DURING SPRING BREAK, SUMMER, AND THROUGHOUT THE YEAR.- BILINGUAL, PREK-12 GUIDED STUDENT TOURS LED BY PROFESSIONAL GALLERY TEACHERS THAT SERVE NEARLY 20,000 STUDENTS ANNUALLY.- EDUCATOR TRAINING WORKSHOPS, DISTANCE LEARNING BROADCASTS, AND CARTER IN THE CLASSROOM EDUCATIONAL EXPERIENCES.- LECTURES, SPECIAL TOURS, MUSICAL AND CULTURAL PERFORMANCES, ARTMAKING WORKSHOPS, AND OTHER SOCIAL AND CREATIVE OPPORTUNITIES INSPIRED BY THE COLLECTION AND EXHIBITIONS.- ACCESSIBLE PROGRAMS FOR PEOPLE WITH AUTISM SPECTRUM DISORDERS; PEOPLE WITH ALZHEIMER'S DISEASE; INDIVIDUALS WITH COGNITIVE AND/OR PHYSICAL DISABILITIES; AND PEOPLE WITH LOW OR NO VISION.-COMMUNITY-BASED ART EDUCATION PROGRAMS OFFERED IN COMMUNITY CENTERS AND WITH YOUTH-SERVING ORGANIZATIONS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,599,631
Program Service Revenue $313,261
Investment Income $3,457,948
Other Revenue $130,034
TOTAL REVENUE $23,500,874

Expense Breakdown

Grants Paid $44,330
Salaries & Benefits $9,661,083
Fundraising Expenses $1,382,833
Program Expenses $17,344,558
Other Expenses $13,071,820
TOTAL EXPENSES $22,777,233

Year-over-Year Comparison

2023 2022 Change
Revenue $23,500,874 $19,203,616 +0.2%
Expenses $22,777,233 $21,330,301 +0.1%
Net Income $723,641 $-2,126,685 -1.3%
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
16
Independent Members
13
Employees
175
Volunteers
59

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
$837,785
Total Directors
16
$0
Key Employees
2
$409,443
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN JOHNSON HIXON PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK L JOHNSON VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
ROBERT M BASS SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN H ROBINSON TREASURER 2.00
Officer Director
$0 $0 $0
MARY CONSTANCE BECK TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN W BUTT TRUSTEE 2.00
Director
$0 $0 $0
JOHN ALLEN CHALK TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL CONFORTI TRUSTEE 2.00
Director
$0 $0 $0
GLENN K DAVIDSON TRUSTEE 2.00
Director
$0 $0 $0
WALKER C FRIEDMAN TRUSTEE 2.00
Director
$0 $0 $0
CHRISTINA R JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
J BRYAN KING TRUSTEE 2.00
Director
$0 $0 $0
J LUTHER KING JR TRUSTEE 2.00
Director
$0 $0 $0
DAVID M PORTER TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN P SMILEY TRUSTEE 2.00
Director
$0 $0 $0
NENETTA C TATUM TRUSTEE 2.00
Director
$0 $0 $0
ANDREW J WALKER EXECUTIVE DIRECTOR 35.00
Officer
$398,700 $39,842 $438,542
SCOTT A WILCOX COO/CFO 35.00
Officer
$355,684 $43,559 $399,243
GUY CLIFTON VANDERPOOL DIRECTOR OF DEVELOPMENT AND COMMUNICATIONS 35.00
Key Emp
$178,127 $26,355 $204,482
ANDREW ESCHELBACHER DIRECTOR OF COLLECTIONS AND EXHIBITIONS 35.00
Key Emp
$160,100 $44,861 $204,961
SHERRIE FANNING DIRECTOR OF HUMAN RESOURCES AND SHARED SERVICES 35.00
Highest
$147,401 $27,413 $174,814
AMANDA BLAKE DIRECTOR OF EDUCATON, LIBRARY AND VISITOR SERVICES 35.00
Highest
$142,455 $8,891 $151,346
THERESA RENEE PERRMANN FINANCE DIRECTOR 35.00
Highest
$129,056 $30,325 $159,381
JACOB HENDERSON HEAD OF FACILITIES 40.00
Highest
$130,004 $23,687 $153,691
JANICE BOWEN HEAD OF IT 35.00
Highest
$115,011 $24,202 $139,213
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 $23,500,874 $22,777,233 $95,114,191 $723,641
2023 $19,203,616 $21,330,301 $85,477,141 $-2,126,685
2022 $19,340,473 $17,768,885 $82,213,557 $1,571,588
2021 $15,302,046 $15,505,187 $91,879,509 $-203,141
2020 $18,345,024 $20,676,787 $86,634,114 $-2,331,763
2019 $20,810,184 $15,577,369 $85,461,073 $5,232,815
2018 $26,124,660 $14,769,797 $78,074,461 $11,354,863
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