PHOENIX ART MUSEUM

EIN: 860072608 501(c)(3) Arts, Culture & Humanities

PHOENIX, AZ

Total Revenue
$10,338,592
Total Expenses
$11,870,068
Total Assets
$11,117,537
Net Assets
$8,758,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
AZ
Principal Officer
JEREMY MIKOLAJCZAK
Phone
6022571880
Tax Period
2022-07-01 to 2023-06-30

PHOENIX ART MUSEUM, founded in 1949, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.3M in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $11.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

PHOENIX ART MUSEUM IS A VIBRANT DESTINATION CONNECTING PEOPLE TO GREAT ART FROM AROUND THE WORLD TO ENRICH THEIR LIVES AND COMMUNITIES. THIS VISION IS SUPPORTED BY FOUR STRATEGIC PILLARS WHICH ARE: (CONTINUED ON SCHEDULE O)1. EXCEPTIONAL ART - TO CELEBRATE THE HIGHEST QUALITY VISUAL ARTTHROUGH OUTSTANDING EXHIBITIONS, ACQUISITIONS AND COLLECTIONSTEWARDSHIP.2. ENRICHMENT AND LEARNING - TO CREATE A NATIONALLY RECOGNIZED MODELFOR ENHANCING EXPERIENCE OF THE VISUAL ARTS THROUGH INTERPRETATION,ENGAGED LEARNING, AND ENRICHMENT.3. BROAD AUDIENCE - TO ATTRACT THE BROADEST POSSIBLE AUDIENCE TO THEMUSEUM AS CONSISTENT AND ENTHUSIASTIC PARTICIPANTS.4. FISCAL STABILITY AND ORGANIZATIONAL EXCELLENCE - TO ACHIEVE ANDMAINTAIN A STRONG FINANCIAL FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $6,681,855 Revenue: $2,501,841

COLLECTIONS AND EXHIBITIONS: PHOENIX ART MUSEUM IS A NONPROFIT MUSEUM FOUNDED IN 1959. THE MAIN PURPOSE OF THE MUSEUM IS TO ENGAGE THE BROADEST SEGMENT OF THE POPULATION WITH THE HISTORICAL AND...

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COLLECTIONS AND EXHIBITIONS: PHOENIX ART MUSEUM IS A NONPROFIT MUSEUM FOUNDED IN 1959. THE MAIN PURPOSE OF THE MUSEUM IS TO ENGAGE THE BROADEST SEGMENT OF THE POPULATION WITH THE HISTORICAL AND AESTHETIC ATTRIBUTES OF THE VISUAL AND ASSOCIATED PERFORMING ARTS. OUR FINE ARTS COLLECTION CONSISTS OF MORE THAN 21,000 PURCHASED AND DONATED WORKS OF ASIAN, LATIN AMERICAN, EUROPEAN, AMERICAN, MODERN, AND CONTEMPORARY ART AND FASHION. ON AVERAGE, THE MUSEUM HAS WELCOMED MORE THAN 223,000 VISITORS PER YEAR FOR THE PAST DECADE.IN FY23, THE MUSEUM WELCOMED MORE THAN 210,000 VISITORS, MARKING A CONTINUAL INCREASE TO PRE-PANDEMIC ATTENDANCE FIGURES. EXHIBITION HIGHLIGHTS INCLUDED MR.: YOU CAN HEAR THE SONG OF THIS TOWN, EXPLORING THE VIVID, CHAOTIC, AND MANGA-INSPIRED WORLD OF ONE OF TODAY'S MOST POPULAR JAPANESE ARTISTS; AND LET IT REMAIN SO: WOMEN OF THE AFRICAN DIASPORA, FEATURING THE WORK OF FIVE PHOTOGRAPHERS WHO EXPLORE THEIR EXPERIENCES OF THE AFRICAN DIASPORA; JUAN FRANCISCO ELSO: POR AMERICA, WHICH INVESTIGATED THE BRIEF YET SIGNIFICANT CAREER OF A MEMBER OF THE FIRST GENERATION OF ARTISTS BORN AND RAISED IN POST-REVOLUTIONARY CUBA; AND MOVE: THE MODERN CUT OF GEOFFREY BEENE, SHOWCASING THE COLORFUL, IMAGINATIVE FASHIONS OF THE LATE DESIGNER, WHOSE DYNAMIC GARMENTS PRIORITIZED COMFORT, MOVEMENT, AND A MODERN SENSIBILITY.ALSO LAST YEAR, PHOENIX ART MUSEUM ADDED 183 ARTWORKS TO ITS COLLECTION. HIGHLIGHTS INCLUDE WORKS BY GENY DIGNAC, SCOTT PAPER COMPANY, ELISA DAGGS, GEOFFREY BEENE, RAGNAR KJARTANSSON, MR., KELLY AKASHI, NARSISO MARTINEZ, CANNUPA HANKSA-LUGER, LILY STOCKMAN, OTIS KWAME KYE QUAICOE, EDUARDO CARILLO, AND OLAF WIEGHORST. THE MUSEUM ALSO ACQUIRED A MAJOR GIFT OF INDONESIAN TEXTILES, THE FIRST WORKS FROM INDONESIA REPRESENTED IN THE PHXART COLLECTION, IN ADDITION TO CONSERVING ARTWORKS BY JULIAN OPIE, SUI JIANGUO, YAYOI KUSAMA, AND MORE.

Program 2
Expenses: $798,061 Revenue: $708,079

EDUCATION AND COMMUNITY ENGAGEMENT: THE MUSEUM'S EDUCATION AND COMMUNITY ENGAGEMENT TEAM DEVELOPS, IMPLEMENTS, AND OVERSEES EDUCATION PROGRAMS AND ARTS-ENGAGEMENT EVENTS AND EXPERIENCES FOR A WIDE...

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EDUCATION AND COMMUNITY ENGAGEMENT: THE MUSEUM'S EDUCATION AND COMMUNITY ENGAGEMENT TEAM DEVELOPS, IMPLEMENTS, AND OVERSEES EDUCATION PROGRAMS AND ARTS-ENGAGEMENT EVENTS AND EXPERIENCES FOR A WIDE RANGE OF AUDIENCES. THE MUSEUM'S LIBRARY PRESERVES AND DEVELOPS AN EXTENSIVE COLLECTION OF ART-RELATED SCHOLARLY AND RARE PUBLICATIONS. THE LIBRARY IS OPEN TO STAFF AND THE PUBLIC FOR RESEARCH AND ENJOYMENT.IN FY23, THE MUSEUM ENGAGED MORE THAN 54,000 COMMUNITY MEMBERS THROUGH ON-SITE ARTS ENGAGEMENT PROGRAMS, INCLUDING DOCENT-LED TOURS FOR ADULTS AND SCHOOL GROUPS, SENIOR COFFEE SOCIALS FOR MEMBERS 65 AND OLDER, STORYTIME IN THE GALLERY SESSIONS FOR VISITORS 0-5 YEARS OLD AND THEIR CAREGIVERS, AND OTHER INTERGENERATIONAL PROGRAMMING. THE MUSEUM ALSO ENGAGED MORE THAN 77,000 FREE-ACCESS VISITORS THROUGH AFTER HOURS, FIRST FRIDAYS, FAMILY FUNDAYS, PAY-WHAT-YOU-WISH WEDNESDAYS, AND OTHER VOLUNTARY-DONATION PERIODS.

Program 3
Expenses: $388,092 Revenue: $563,277

MUSEUM STORE: THE MUSEUM STORE ENHANCES THE VISITOR EXPERIENCE BY OFFERING PRODUCTS RELATED TO EXHIBITIONS AND ARTWORKS ON VIEW IN THE MUSEUM, ENSURING ENGAGEMENT WITH PHXART AND THE VISUAL ARTS LONG...

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MUSEUM STORE: THE MUSEUM STORE ENHANCES THE VISITOR EXPERIENCE BY OFFERING PRODUCTS RELATED TO EXHIBITIONS AND ARTWORKS ON VIEW IN THE MUSEUM, ENSURING ENGAGEMENT WITH PHXART AND THE VISUAL ARTS LONG AFTER GUESTS HAVE LEFT THE MUSEUM CAMPUS AND RETURNED HOME.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,553,072
Program Service Revenue $2,815,872
Investment Income $74,064
Other Revenue $895,584
TOTAL REVENUE $10,338,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,931,283
Fundraising Expenses $1,802,123
Program Expenses $7,868,008
Other Expenses $4,938,785
TOTAL EXPENSES $11,870,068

Year-over-Year Comparison

2022 2021 Change
Revenue $10,338,592 $14,886,842 -0.3%
Expenses $11,870,068 $9,932,178 +0.2%
Net Income $-1,531,476 $4,954,664 -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
44
Independent Members
44
Employees
197
Volunteers
200

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
7
$326,337
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUBEN E ALVAREZ TRUSTEE 0.50
Director
$0 $0 $0
ALICE BAZLEN TRUSTEE 0.50
Director
$0 $0 $0
DREW BROWN TRUSTEE 0.50
Director
$0 $0 $0
JOEL COEN TRUSTEE 0.50
Director
$0 $0 $0
ANDREW COOPER TRUSTEE 0.50
Director
$0 $0 $0
GLORIA COWEN TRUSTEE 0.50
Director
$0 $0 $0
JACQUIE DORRANCE TRUSTEE 0.50
Director
$0 $0 $0
CARTER EMERSON TRUSTEE 0.50
Director
$0 $0 $0
ROBERT FAVER TRUSTEE 0.50
Director
$0 $0 $0
MICHELE FEENEY TRUSTEE 0.50
Director
$0 $0 $0
MARTIN GALBUT TRUSTEE 0.50
Director
$0 $0 $0
JUDY GOLDBERG TRUSTEE 0.50
Director
$0 $0 $0
SARA GORDON TRUSTEE 0.50
Director
$0 $0 $0
JOHN W GRAHAM TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL GREENBAUM TRUSTEE 0.50
Director
$0 $0 $0
NANCY HANLEY ERIKSSON TRUSTEE 0.50
Director
$0 $0 $0
LILA HARNETT TRUSTEE 0.50
Director
$0 $0 $0
OLIVER HARPER TRUSTEE 0.50
Director
$0 $0 $0
JOHN HORSEMAN TRUSTEE 0.50
Director
$0 $0 $0
BARBARA NOBLE HOWARD TRUSTEE 0.50
Director
$0 $0 $0
JON HULBURD TRUSTEE 0.50
Director
$0 $0 $0
JANE JOZOFF TRUSTEE 0.50
Director
$0 $0 $0
ELLEN KATZ TRUSTEE 0.50
Director
$0 $0 $0
PARVINDER KHANUJA TRUSTEE 0.50
Director
$0 $0 $0
DON KILE TRUSTEE 0.50
Director
$0 $0 $0
SALLY LEHMANN TRUSTEE 0.50
Director
$0 $0 $0
MITCH MANCHACA TRUSTEE 0.50
Director
$0 $0 $0
BETTINA NAVA TRUSTEE 0.50
Director
$0 $0 $0
ANN M OCANA TRUSTEE 0.50
Director
$0 $0 $0
SALLY A ODEGARD TRUSTEE 0.50
Director
$0 $0 $0
DORIS ONG TRUSTEE 0.50
Director
$0 $0 $0
ROSE PAPP TRUSTEE 0.50
Director
$0 $0 $0
TERRY ROMAN TRUSTEE 0.50
Director
$0 $0 $0
JORDAN ROSE TRUSTEE 0.50
Director
$0 $0 $0
VANESSA RUIZ TRUSTEE 0.50
Director
$0 $0 $0
ANN SINER TRUSTEE 0.50
Director
$0 $0 $0
ROB TAYLOR TRUSTEE 0.50
Director
$0 $0 $0
ALAN KOSLOFF TRUSTEE (THRU 3/23) 0.50
Director
$0 $0 $0
DONALD OPARTNEY CHAIR 0.50
Officer Director
$0 $0 $0
DAVID LENHARDT VICE CHAIR 0.50
Officer Director
$0 $0 $0
MEREDITH VON ARENTSCHILDT VICE CHAIR 0.50
Officer Director
$0 $0 $0
CARL THOMA SECRETARY 0.50
Officer Director
$0 $0 $0
BLAIR PORTIGAL TREASURER 0.50
Officer Director
$0 $0 $0
JEREMY MIKOLAJCZAK DIRECTOR/CEO 37.50
Officer
$229,881 $4,148 $234,029
ALLAN ALVARADO CFO 37.50
Officer
$92,308 $0 $92,308
CHRISTINA BROWN DIRECTOR OF DEVELOPMENT 37.50
Highest
$105,847 $3,181 $109,028
HARMONY DELEON DEPUTY DIRECTOR & CHIEF ADVANCEMENT OFFICE 37.50
Highest
$225,396 $12,952 $238,348
NICOLE RIVET CDO (THRU 6/2/23) 37.50
Highest
$224,922 $19,889 $244,811
CHAMISA COLVIN DIRECTOR OF INSTITUTIONAL GIVING 37.50
Highest
$127,526 $23,549 $151,075
TING ZENG CONTROLLER 37.50
Highest
$106,933 $3,208 $110,141
MARK KOENIG CFO (RETIRED 6/9/2022) 37.50
$272,466 $25,410 $297,876
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 No data No data No data No data
2023 $10,338,592 $11,870,068 $11,117,537 $-1,531,476
2022 $14,886,842 $9,932,178 $12,566,179 $4,954,664
2021 $9,793,002 $8,277,362 $8,989,421 $1,515,640
2020 $9,400,156 $10,876,507 $7,242,004 $-1,476,351
2019 $9,770,728 $12,451,997 $8,171,843 $-2,681,269
2018 $14,321,517 $11,766,227 $11,530,687 $2,555,290
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