GEORGIA O'KEEFFE MUSEUM

EIN: 850437114 501(c)(3) Arts, Culture & Humanities

SANTA FE, NM

Total Revenue
$10,906,535
Total Expenses
$10,916,160
Total Assets
$137,856,831
Net Assets
$136,070,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NM
Principal Officer
CODY HARTLEY
Phone
5059461000
Tax Period
2024-01-01 to 2024-12-31

GEORGIA O'KEEFFE MUSEUM, founded in 1995, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.9M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $136.1M represent 150 months of operating reserves.

Mission

THE GEORGIA O'KEEFFE MUSEUM CELEBRATES THE ART, LIFE AND INDEPENDENT SPIRIT OF GEORGIA O'KEEFFE.

Program Service Accomplishments

Program 1
Expenses: $8,238,105 Revenue: $4,699,609

TO INSPIRE ALL CURRENT AND FUTURE GENERATIONS, THE MUSEUM PRESERVES, PRESENTS AND ADVANCES THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND MODERNISM THROUGH INNOVATIVE PUBLIC ENGAGEMENT, EDUCATION AND...

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TO INSPIRE ALL CURRENT AND FUTURE GENERATIONS, THE MUSEUM PRESERVES, PRESENTS AND ADVANCES THE ARTISTIC LEGACY OF GEORGIA O'KEEFFE AND MODERNISM THROUGH INNOVATIVE PUBLIC ENGAGEMENT, EDUCATION AND RESEARCH. THE MUSEUM ACCOMPLISHES THIS BY PRESENTING EXHIBITIONS NATIONALLY AND INTERNATIONALLY; CARING FOR THE PERMANENT COLLECTION; PROVIDING EXCELLENT PUBLIC PROGRAMS, CUTTING-EDGE CONSERVATION TECHNIQUES, ACCESS TO THE LIBRARY AND ARCHIVES, AND RESEARCH BY OUTSIDE SCHOLARS ABOUT MODERNISM; AND SERVING AS STEWARDS FOR TWO OF O'KEEFFE'S HISTORIC HOMES AND STUDIOS.THE MUSEUM HOUSES THE WORLD'S LARGEST COLLECTION OF ARTWORK BY GEORGIA O'KEEFFE AND PROVIDES AN OVERVIEW OF HER ACHIEVEMENTS DURING THE EIGHT DECADES (1901-1984) THAT SHE WAS ACTIVE AS AN ARTIST. THE COLLECTION INCLUDES WORKS IN CHARCOAL, OIL, PASTEL, PENCIL, WATERCOLOR,AND BRONZE, WHICH REPRESENT MOST OF THE MANY SUBJECTS O'KEEFFE ADDRESSED IN HER ART. THE MUSEUM IS COMMITTED TO MAKING ITS EXHIBITIONS AND PROGRAMS AVAILABLE TO THE BROADEST POSSIBLE AUDIENCE. ITS ACTIVE, CHANGING EXHIBITION SCHEDULE INCLUDES EXHIBITIONS DISPLAYING WORKS BY O'KEEFFE, OTHER AMERICAN MODERNISTS, AND SELECT LIVING AMERICAN ARTISTS. THE MUSEUM HAS ORGANIZED TRAVELING EXHIBITIONS WITH OTHER MUSEUMS AS WELL.THE MUSEUM'S MULTI-DISCIPLINARY EDUCATION AND PUBLIC PROGRAMS TEACH DIVERSE CONSTITUENCIES ABOUT GEORGIA O'KEEFFE AND AMERICAN MODERNISM THROUGH ON-SITE PROGRAMS SUCH AS DOCENT TRAINING, PROFESSIONAL DEVELOPMENT FOR EDUCATORS, ADULT EDUCATION, LECTURES, CONCERTS, WEEKEND FAMILY PROGRAMS AND HANDS-ON ACTIVITIES RELATED TO CURRENT EXHIBITIONS. OFFSITE PROGRAMS INCLUDE A FULL-SCHOLARSHIP PROGRAM FOR PRE-ADOLESCENT GIRLS AND BOYS, ARTS PROGRAMMING TO REPLACE UNDERFUNDED OR ELIMINATED DISTRICT-FUNDED PROGRAMS IN LOCAL PUBLIC SCHOOLS, AFTER-SCHOOL PROGRAMMING AT COMMUNITY AND LOCAL SCHOOL SITES, ART-MAKING WORKSHOPS FOR ADULTS, STATEWIDE EDUCATION OUTREACH, AND WORKSHOPS FOR TEACHERS.THE MUSEUM'S RESEARCH CENTER FOCUSES ON INTERDISCIPLINARY RESEARCH ON AMERICAN MODERNISM IN THE FIELDS OF ART HISTORY, ARCHITECTURAL HISTORY AND DESIGN, LITERATURE, MUSIC AND PHOTOGRAPHY.THE MUSEUM'S AUDIENCES INCLUDE NEW MEXICO RESIDENTS AND VISITORS FROM ACROSS THE COUNTRY AND AROUND THE WORLD.

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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 $1,824,978
Program Service Revenue $3,841,575
Investment Income $3,767,946
Other Revenue $1,472,036
TOTAL REVENUE $10,906,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,298,233
Fundraising Expenses $1,025,905
Program Expenses $8,238,105
Other Expenses $3,617,927
TOTAL EXPENSES $10,916,160

Year-over-Year Comparison

2024 2023 Change
Revenue $10,906,535 $17,376,246 -0.4%
Expenses $10,916,160 $14,159,283 -0.2%
Net Income $-9,625 $3,216,963 -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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Liquidity & Cash Position

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Governance

Voting Members
35
Independent Members
35
Employees
152
Volunteers
50

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
$600,590
Total Directors
35
$0
Key Employees
2
$365,568
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WARNOCK TRUSTEE/BOARD CHAIR 2.30
Officer Director
$0 $0 $0
JANE BAGWELL TRUSTEE/CO-CHAIR 2.30
Officer Director
$0 $0 $0
DONNA KINZER TRUSTEE/TREASURER 2.30
Officer Director
$0 $0 $0
VAL ALONZO TRUSTEE/SECRETARY 2.30
Officer Director
$0 $0 $0
RIC ABEL TRUSTEE 2.30
Director
$0 $0 $0
GABRIELLE BACON TRUSTEE 2.30
Director
$0 $0 $0
RONALD D BALSER TRUSTEE 2.30
Director
$0 $0 $0
DIANE BUCHANAN TRUSTEE 2.30
Director
$0 $0 $0
CIRA CROWELL TRUSTEE 2.30
Director
$0 $0 $0
JULIE ENGLAND TRUSTEE 2.30
Director
$0 $0 $0
KRISTINA FORT TRUSTEE 2.30
Director
$0 $0 $0
ANNE FREDERICKS TRUSTEE 2.30
Director
$0 $0 $0
FELICITAS FUNKE TRUSTEE 2.30
Director
$0 $0 $0
WINDI GRIMES TRUSTEE 2.30
Director
$0 $0 $0
SUSAN HIRSCH TRUSTEE 2.30
Director
$0 $0 $0
ROBERT HOLLEYMAN TRUSTEE 2.30
Director
$0 $0 $0
PAUL HORVATH TRUSTEE 2.30
Director
$0 $0 $0
DONALD D HUMPHREYS TRUSTEE 2.30
Director
$0 $0 $0
KEVIN KIRBY TRUSTEE 2.30
Director
$0 $0 $0
RAYMOND R KRUEGER TRUSTEE 2.30
Director
$0 $0 $0
NICOLE NAMINGHA TRUSTEE 2.30
Director
$0 $0 $0
KAREN NEARBURG TRUSTEE 2.30
Director
$0 $0 $0
D VEENA PARBOTEEAH TRUSTEE 2.30
Director
$0 $0 $0
ELISA STUDE PYE TRUSTEE 2.30
Director
$0 $0 $0
JAY S RALPH TRUSTEE 2.30
Director
$0 $0 $0
GLENN RAMSDELL TRUSTEE 2.30
Director
$0 $0 $0
CARLOS ROVELO TRUSTEE 2.30
Director
$0 $0 $0
RAMONA SAKIESTEWA TRUSTEE 2.30
Director
$0 $0 $0
CHRISTINE SCHUEPBACH TRUSTEE 2.30
Director
$0 $0 $0
ROBERT SCHUPBACH TRUSTEE 2.30
Director
$0 $0 $0
BARTON SHOWALTER TRUSTEE 2.30
Director
$0 $0 $0
ANITA SMITH TRUSTEE 2.30
Director
$0 $0 $0
JOCK SOTO TRUSTEE 2.30
Director
$0 $0 $0
MARGO THOMA TRUSTEE 2.30
Director
$0 $0 $0
WENDAL WIRTH TRUSTEE 2.30
Director
$0 $0 $0
CODY HARTLEY MUSEUM DIRECTOR 40.00
Officer
$371,516 $23,925 $395,441
JUDY SCHARMER CHIEF FINANCIAL OFFICER 40.00
Officer
$195,979 $9,170 $205,149
JENNIFER FOLEY DEPUTY DIRECTOR FOR COLLECTIONS/ENGAGEMENT 40.00
Key Emp
$164,952 $12,346 $177,298
BENJAMIN FINBERG SENIOR DIRECTOR OF OPERATIONS 40.00
Key Emp
$170,744 $17,526 $188,270
COLLEEN KELLY DELAY SR DIR ADVANCEMENT & COMMUNICATION 40.00
Highest
$203,056 $26,163 $229,219
SYLVIA LAROCQUE DIRECTOR OF HUMAN RESOURCES 40.00
Highest
$130,704 $15,949 $146,653
ELIZABETH NEELY CURATOR OF DIGITAL EXPERIENCE 40.00
Highest
$127,774 $16,276 $144,050
AGAPITA JUDY LOPEZ PROJECTS DIR., ABIQUIU HISTORIC PROPERTIES 40.00
Highest
$104,776 $15,275 $120,051
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 $10,906,535 $10,916,160 $137,856,831 $-9,625
2023 $17,376,246 $14,159,283 $133,452,021 $3,216,963
2022 $10,107,270 $9,119,987 $127,693,958 $987,283
2021 $16,321,839 $7,843,364 $143,904,227 $8,478,475
2020 $8,795,076 $8,071,504 $164,315,725 $723,572
2019 $17,243,207 $9,658,558 $149,654,666 $7,584,649
2018 $36,765,666 $9,460,427 $130,070,586 $27,305,239
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