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William a Farnsworth Library and Art Museum INC

Public charity990-T FY2023
DBA: MUSEUM INC
Other · ROCKLAND, ME · EIN 01-0368070

About

The museum's mission is to celebrate maine's role in american art. To accomplish that mission the museum provides an extensive offering of collections, exhibitions, education and retail services to the general public.

DBA Museum INC

Donations are tax-deductible
Category
Other
Employees
82
Volunteers
62

Financial Snapshot

FY ending 2024-09-30
Revenue
$5.6M
Expenses
$7.1M
Assets
$39.0M
Liabilities
$650K

Financial history

$7.8M$3.9M$0
161718192021222324
RevenueExpenses
Latest FY2024: $5.6M · Peak FY2018: $7.8M · Avg: $5.5M
WILLIAM A FARNSWORTH LIBRARY AND ART MUSEUM INC
Your actions

Address

356 Main ST
Rockland, ME, 04841-334

Governance

Voting board members20
Independent members20
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

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

Financial detail (Schedule D)

Board-designated %9.0%
Permanent endowment %91.0%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersNo
Net to org-$233K
Retained by contractors$233K
ChannelsMail · Phone · Email · In-person
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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