DENVER ART MUSEUM

EIN: 846038240 501(c)(3) Arts, Culture & Humanities

DENVER, CO

Total Revenue
$41,968,354
Total Expenses
$59,114,464
Total Assets
$179,382,502
Net Assets
$170,719,597
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Financial Trends

Organization Details

Formation Year
1893
Legal Domicile
CO
Principal Officer
CURTIS WOITTE
Phone
7209130022
Tax Period
2023-10-01 to 2024-09-30

DENVER ART MUSEUM, founded in 1893, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $42.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $59.1M exceeded revenue, resulting in a 41% operating deficit.

Mission

SEE DESCRIPTION FOR PART I, LINE 1 ON SCHEDULE O.

Program Service Accomplishments

Program 1
Expenses: $22,666,911 Revenue: $4,453,488

EXHIBITIONS AND COLLECTIONS: EACH YEAR, THE DENVER ART MUSEUM (DAM) PRESENTS TEMPORARY AND TRAVELING EXHIBITIONS OF ART FROM AROUND THE WORLD. AMONG THE HIGHLIGHTS IN 2024 WERE ALL STARS: AMERICAN...

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EXHIBITIONS AND COLLECTIONS: EACH YEAR, THE DENVER ART MUSEUM (DAM) PRESENTS TEMPORARY AND TRAVELING EXHIBITIONS OF ART FROM AROUND THE WORLD. AMONG THE HIGHLIGHTS IN 2024 WERE ALL STARS: AMERICAN ARTISTS FROM THE PHILLIPS COLLECTION, THE SKELETAL WORLD OF JOS GUADALUPE POSADA, SANDRA VSQUEZ DE LA HORRA: THE AWAKE VOLCANOES, BIOPHILIA, NATURE REIMAGINED, AND THE LIFE AND ART OF TOKIO UEYAMA. COMPOSING COLOR: PAINTINGS BY ALMA THOMAS FROM THE SMITHSONIAN AMERICAN ART MUSEUM EXPLORED THE LIFE OF THE GROUNDBREAKING AMERICAN ARTIST AND EDUCATOR, DRAWING ON THE EXTENSIVE HOLDINGS OF HER PAINTINGS AT THE SMITHSONIAN AMERICAN ART MUSEUM. HAVE A SEAT: MEXICAN CHAIR DESIGN TODAY FEATURED THREE HISTORICAL ARTWORKS, 17 CONTEMPORARY SEATS DESIGNED BY 22 MEXICAN ARTISTS, AND A SITE-SPECIFIC ART INSTALLATION, AND INVITED VISITORS TO LEARN ABOUT THE CONNECTION BETWEEN CONTEMPORARY MEXICAN DESIGN AND ANCIENT AND COLONIAL ARTISTIC PRACTICES. HANDS-ON INTERACTIONS THROUGHOUT THE EXHIBITION ENCOURAGE VISITORS TO SIT ON AND MOVE SELECTED CHAIRS AND SEATS, OFFERING THE TOOLS TO IDENTIFY THE ANCIENT, COLONIAL, AND MID-CENTURY MODERN INFLUENCES. IN THE PERMANENT COLLECTION GALLERIES, THE ASIAN ART DEPARTMENT PRESENTED PERFECTLY IMPERFECT: KOREAN BUNCHEONG CERAMICS AND THE LATIN AMERICAN ART DEPARTMENT SHOWCASED PAINTING IN THE ANDES.

Program 2
Expenses: $16,183,209

PREMISES & BUILDINGS: THESE COSTS INCLUDE ALL EXPENDITURES ASSOCIATED WITH THE DAY-TO-DAY OPERATIONS OF THE MUSEUM'S FACILITIES. EXHIBITION AND PERMANENT GALLERIES DISPLAYED A VARIETY OF ARTWORK FOR...

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PREMISES & BUILDINGS: THESE COSTS INCLUDE ALL EXPENDITURES ASSOCIATED WITH THE DAY-TO-DAY OPERATIONS OF THE MUSEUM'S FACILITIES. EXHIBITION AND PERMANENT GALLERIES DISPLAYED A VARIETY OF ARTWORK FOR THE PUBLIC'S ENJOYMENT WHILE THE MUSEUM'S PUBLIC SPACES ENABLE MUSEUM STAFF AND VOLUNTEERS TO CONDUCT FREQUENT LEARNING AND ENGAGEMENT PROGRAMS INCLUDING TOURS, PUBLIC TALKS, INTERPRETIVE PROGRAMS, ART-MAKING ACTIVITIES, AND MORE. THE PREMISES AND BUILDINGS PROVIDE AMPLE SPACE FOR MISSION-DRIVEN PROGRAMMING AIMED AT ENRICHING THE LIVES OF THIS AND FUTURE GENERATIONS, AND FOR WHICH THE MUSEUM HAS BEEN INTERNATIONALLY RECOGNIZED.

Program 3
Expenses: $3,043,658 Revenue: $294,871

LEARNING AND ENGAGEMENT PROGRAMS: AT THE DENVER ART MUSEUM (DAM), WE COLLABORATE WITH COMMUNITIES TO CREATE ART AND CREATIVITY EXPERIENCES THAT FOSTER WELL-BEING, BELONGING, AND EMPATHY FOR ALL...

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LEARNING AND ENGAGEMENT PROGRAMS: AT THE DENVER ART MUSEUM (DAM), WE COLLABORATE WITH COMMUNITIES TO CREATE ART AND CREATIVITY EXPERIENCES THAT FOSTER WELL-BEING, BELONGING, AND EMPATHY FOR ALL, WHILE ADVANCING INNOVATIVE PRACTICES IN THE FIELD. WE DO THIS TO FULFILL OUR VISION OF MAKING A MEANINGFUL DIFFERENCE IN PEOPLE'S LIVES BY CELEBRATING CREATIVITY AND INSPIRING GREATER UNDERSTANDING AND CONNECTION WITH THE WORLD. THE DAM'S DEPARTMENT OF LEARNING AND ENGAGEMENT (L&E) DESIGNS AND IMPLEMENTS INTERPRETIVE STRATEGIES, BOTH WITHIN COMMUNITIES AND ONLINE. THE L&E TEAM HAS DEVELOPED AN IMPACT FRAMEWORK THAT GUIDES ALL PROGRAM DEVELOPMENT AND DELIVERY. OUR STRATEGIES FOR PROVIDING ART AND CREATIVITY EXPERIENCES PRIORITIZE CULTIVATING A WELCOMING ENVIRONMENT FOR PEOPLE OF ALL BACKGROUNDS, ABILITIES, AND PERSPECTIVES. WE WORK ALONGSIDE AUDIENCES AND STAKEHOLDERS USING HUMAN-CENTERED DESIGN PRINCIPLES, ENSURING THAT NO GROUP IS ENGAGED WITHOUT THEIR ACTIVE PARTICIPATION AND INPUT. WE ARE COMMITTED TO GROWING AS LEADERS IN CREATIVITY, EXPERIMENTATION, AND INNOVATION, AND TO FOSTERING A CULTURE OF OPENNESS BY SHARING OUR PROCESSES, CHALLENGES, AND SUCCESSES WITH THE FIELD. THROUGH ITS PROGRAMS, THE MUSEUM STRIVES TO NURTURE A SENSE OF WELL-BEING IN VISITORS AT THE MUSEUM AND RECIPIENTS OF COMMUNITY-BASED PROGRAMS. WE AIM TO SUPPORT PERSONAL GROWTH, PRIDE, SELF-WORTH, AND CONNECTEDNESS THROUGH EXPERIENCES WITH ART AND CREATIVITY, CONTRIBUTING TO INDIVIDUAL AND COMMUNITY HEALTH AND HAPPINESS. WE SEEK TO CULTIVATE A SENSE OF BELONGING BY OFFERING EXPERIENCES THAT BUILD CONNECTIONS, CONFIDENCE, AND OWNERSHIP, ESPECIALLY WHEN THEY INCLUDE AND WELCOME PEOPLE OF ALL AGES, BACKGROUNDS, AND ABILITIES. ULTIMATELY, WE HOPE THESE EXPERIENCES WILL BUILD AND SUSTAIN EMPATHY, IMPROVING OUR ABILITY TO UNDERSTAND AND SHARE THE FEELINGS OF OTHERS, AND FOSTERING INTERCONNECTEDNESS WITHIN AND ACROSS COMMUNITIES. L&E PROGRAMS CAN BE SUMMARIZED UNDER THE FOLLOWING CATEGORIES: YOUTH AND FAMILY PROGRAMS SCHOOL AND TEACHER PROGRAMS LIFELONG LEARNING AND ACCESSIBILITY IN-GALLERY INTERPRETATION CREATIVE AND PUBLIC ENGAGEMENT PROGRAMS OUTREACH AND IN-COMMUNITY PROGRAMS THE DAM VALUES ITS COMMUNITY PARTNERSHIPS AND ENGAGES SERVICE ORGANIZATIONS, COMMUNITY AND BUSINESS LEADERS, GOVERNMENT OFFICIALS, AND COMMUNITY REPRESENTATIVES THROUGH STANDING ADVISORY COMMITTEES (E.G., YOUTH ADVISORY GROUPS, CREATIVE AGING FORUM, ACCESS ADVISORY COMMITTEE, LATINO AUDIENCE ALLIANCE, AND OTHERS). AD HOC COMMITTEES SUPPORT IN-GALLERY INTERPRETATION AND PROGRAMS TO HELP CREATE EXPERIENCES THAT REPRESENT ARTISTS, CURATORS, SCHOLARS, NON-ART EXPERTS, COMMUNITY MEMBERS, AND MORE. THE L&E DEPARTMENT IS ALSO A LEADER IN THE FIELD OF MUSEUM EDUCATION, REGULARLY HOSTING NATIONAL AND INTERNATIONAL MUSEUM COLLEAGUES, PRESENTING AT NATIONAL CONFERENCES, AND SHARING LEARNINGS AND BEST PRACTICES WITH THE MUSEUM FIELD. ALL MUSEUM-PRODUCED REPORTS ARE ACCESSIBLE ON THE MUSEUM'S WEBSITE UNDER 'RESEARCH & REPORTS.'

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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 $32,480,622
Program Service Revenue $4,748,359
Investment Income $1,044,955
Other Revenue $3,694,418
TOTAL REVENUE $41,968,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,555,916
Fundraising Expenses $2,023,524
Program Expenses $45,816,218
Other Expenses $33,558,548
TOTAL EXPENSES $59,114,464

Year-over-Year Comparison

2023 2022 Change
Revenue $41,968,354 $44,734,320 -0.1%
Expenses $59,114,464 $53,112,181 +0.1%
Net Income $-17,146,110 $-8,377,861 +1.0%
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
35
Independent Members
35
Employees
596
Volunteers
223

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
$1,112,403
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPH HEINRICH DIRECTOR 40.00
Officer
$409,322 $177,814 $587,136
ANDREA FULTON THRU 0624 DEPUTY DIREC 40.00
Officer
$242,033 $24,937 $266,970
CURTIS WOITTE DEPUTY DIREC 40.00
Officer
$237,234 $21,063 $258,297
ARPIE CHUCOVICH CHIEF DEV. O 40.00
Highest
$185,641 $18,283 $203,924
BRYON THORNBURGH COO 40.00
Highest
$175,505 $21,553 $197,058
JILL DALESSANDRO DIRECTOR AND 40.00
Highest
$140,841 $4,877 $145,718
ANGELICA DANEO CHIEF CURATO N/A
Highest
$134,600 $19,557 $154,157
KATHERINE ROSS CHIEF MRKTNG 40.00
Highest
$132,320 $16,429 $148,749
SARAH ANSCHUTZ CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CRAIG PONZIO VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
CATHEY M FINLON AS OF NOV 2023 VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
LIS GANDER TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT S RICH SECRETARY 1.00
Officer Director
$0 $0 $0
DR PATRICIA BACA TRUSTEE 1.00
Director
$0 $0 $0
WALLY BAKARE TRUSTEE 1.00
Director
$0 $0 $0
JANA BARTLIT TRUSTEE THRU 1.00
Director
$0 $0 $0
NANCY LAKE BENSON TRUSTEE 1.00
Director
$0 $0 $0
DAVID BIRNBAUM TRUSTEE 1.00
Director
$0 $0 $0
MARIO CARRERA TRUSTEE 1.00
Director
$0 $0 $0
MERLE C CHAMBERS TRUSTEE 1.00
Director
$0 $0 $0
PAT CORTEZ TRUSTEE 1.00
Director
$0 $0 $0
JOY L DINSDALE TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL DUNCAN TRUSTEE 1.00
Director
$0 $0 $0
EMILY STURM EHRENS TRUSTEE THRU 1.00
Director
$0 $0 $0
SUZANNE FARVER TRUSTEE 1.00
Director
$0 $0 $0
BARYN S FUTA TRUSTEE 1.00
Director
$0 $0 $0
BRIDGET GRIER TRUSTEE 1.00
Director
$0 $0 $0
ANDREA POLLACK HANKINSON TRUSTEE THRU 1.00
Director
$0 $0 $0
CRAIG HARRISON TRUSTEE 1.00
Director
$0 $0 $0
REHAN HASAN TRUSTEE THRU 1.00
Director
$0 $0 $0
ARLENE HIRSCHFELD TRUSTEE 1.00
Director
$0 $0 $0
JAMES A HOLMES TRUSTEE 1.00
Director
$0 $0 $0
MARINER KEMPER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER LAW TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER KM LEACH TRUSTEE 1.00
Director
$0 $0 $0
NANCY LEPRINO TRUSTEE 1.00
Director
$0 $0 $0
TRYGVE E MYHREN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT C NEWMAN TRUSTEE 1.00
Director
$0 $0 $0
THOMAS A PETRIE TRUSTEE 1.00
Director
$0 $0 $0
AMANDA PRECOURT TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER RIDDER TRUSTEE AS O 1.00
Director
$0 $0 $0
LISA ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
RICHARD L ROBINSON TRUSTEE THRU 1.00
Director
$0 $0 $0
ALAN SALAZAR TRUSTEE 1.00
Director
$0 $0 $0
JOHN J SIE TRUSTEE 1.00
Director
$0 $0 $0
TINA WALLS TRUSTEE 1.00
Director
$0 $0 $0
WALTER RICHARD WEST JR TRUSTEE 1.00
Director
$0 $0 $0
JAMES F WILLIAMS II 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 No data No data No data No data
2024 $41,968,354 $59,114,464 $179,382,502 $-17,146,110
2023 $44,734,320 $53,112,181 $194,572,889 $-8,377,861
2022 $57,180,332 $49,505,633 $201,676,348 $7,674,699
2021 $74,103,698 $71,680,408 $219,748,748 $2,423,290
2020 $50,720,002 $43,947,885 $220,132,884 $6,772,117
2019 $62,962,532 $36,039,468 $200,237,614 $26,923,064
2018 $73,973,603 $36,045,340 $165,832,052 $37,928,263
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