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Worcester Art Museum

Public charity990-T FY2023
DBA: % DIRECTOR
Other · WORCESTER, MA · EIN 04-1988530

About

To connect people, communities, and cultures through experience of art. Collect the most significant works of art available in an effort to shape the quality/scope of the permanent collection while adhering to the institution's acquisitions & deaccessions policies.care for/preserve collections & works on loan by maintaining a responsible collections management policy & an active in-house conservation program. Exhibit the permanent collection,organize/lend to special exhibitions & bring traveling exhibitions to the public. Interpret the collections & works on loan for a broad public through research,publications & related educational programs.maintain an art library & an educational program that promotes an understanding of art & an active participation in the making of art. Maintain fiscally responsible actions & public accountability for ongoing operations & preservation/growth of the museum & its collections.

In care of Director

Donations are tax-deductible
Category
Other
Employees
217
Volunteers
90

Financial Snapshot

FY ending 2024-08-31
Revenue
$39.9M
Expenses
$14.4M
Assets
$181.2M
Liabilities
$3.2M

Financial history

$39.9M$20.0M$0
161718192021222324
RevenueExpenses
Latest FY2024: $39.9M · Avg: $19.5M

Foreign activity (Schedule F)

Total spent abroad$22.1M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$127K
WORCESTER ART MUSEUM
Your actions

Address

55 Salisbury ST
Worcester, MA, 01609-312

Governance

Voting board members22
Independent members22
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyNo
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.2%
Permanent endowment %99.8%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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