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Seattle Art Museum

Public charity990-T FY2023
Other · SEATTLE, WA · EIN 91-0640788

About

Founded in 1917, the seattle art museum (SAM) connects art to life. As the leading visual art institution in the pacific northwest, SAM draws on its global collections, powerful special exhibitions, numerous installations, and dynamic programs to fulfill its important role as a cultural and educational resource benefitting the seattle region, the pacific northwest, and beyond. From a strong foundation of asian art to noteworthy collections of african and oceanic art, northwest coast native american art, european and american art, and modern and contemporary art, the strength of SAM's collection of approximately 25,000 objects LIES in its diversity of media, cultures, and time periods. With three locations (seattle art museum, olympic sculpture park, seattle asian art museum), SAM harnesses the power of art to enrich lives and engage diverse communities, including hundreds of thousands of visitors, as well as thousands of seattle-AREA students.

Donations are tax-deductible
Category
Other
Employees
380
Volunteers
290

Financial Snapshot

FY ending 2023-06-30
Revenue
$30.0M
Expenses
$37.1M
Assets
$418.4M
Liabilities
$44.2M

Financial history

$67.2M$33.6M$0
1617181920212223
RevenueExpenses
Latest FY2023: $30.0M · Peak FY2022: $67.2M · Avg: $44.6M

Foreign activity (Schedule F)

Total spent abroad$6.6M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EUROPE (INCLUDING ICELAND & GREENLAND)

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$24K
Grants Given
SEATTLE ART MUSEUM
Your actions

Address

1300 1ST AVE
Seattle, WA, 98101-200

Governance

Voting board members62
Independent members62
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %100.0%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Net to org-$283K
Retained by contractors$283K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
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