The Metropolitan Museum Of Art in New York, New York (NY)

Table of contents:

Organization representatives - add corrected or new information about The Metropolitan Museum Of Art »

Non-representatives - add comments about The Metropolitan Museum Of Art»

The Metropolitan Museum Of Art
Employer Identification Number (EIN)131624086
Name of OrganizationThe Metropolitan Museum Of Art
In Care of NameControllers Office
Address1000 Fifth Avenue, New York, NY 10028-0113
ActivitiesOther cultural or historical activities
SubsectionCharitable Organization
Ruling Date03/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,202,789,465
Amount of Income$1,022,830,523
Form 990 Revenue Amount$418,697,665
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Art Museums


Non-representatives - add comments:


CAPTCHA

Your IP address 54.83.128.192 will be logged.

Amount of income in 2012: $1,022,830,523
This organization: 

 $1,022,830,523
Other organizations performing similar types of work: 

 $1,255,941

Assets in 2012: $3,202,789,465
The Metropolitan Museum Of Art: 

 $3,202,789,465
Other organizations performing similar types of work: 

 $4,705,009

Expenses in 2007: $353,205,514
The Metropolitan Museum Of Art: 

 $353,205,514
Other organizations performing similar types of work: 

 $6,264,267

Income to expenses ratio in 2007: 1.5
The Metropolitan Museum Of Art: 

 1.5
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 84.3%
The Metropolitan Museum Of Art: 

 84.3%
Other organizations performing similar types of work: 

 75.4%

Number of employees in 2007: 2,432
The Metropolitan Museum Of Art: 

 2,432
Other organizations performing similar types of work: 

 82

Employees paid over $50,000 in 2007: 35.9%
The Metropolitan Museum Of Art: 

 35.9%
Other organizations performing similar types of work: 

 12.5%

Grants share in income in 2007: 27.9%
The Metropolitan Museum Of Art: 

 27.9%
Other organizations performing similar types of work: 

 57.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$762,773,351$240,344,249$217,308,751$318,930,415$325,959,454$466,588,764$461,103,526$536,996,019
Contributions, gifts, grants, and similar amounts received$518,791,432$95,741,740$93,683,977$104,587,330$114,848,130$127,318,237$150,239,392$149,625,889
Contributions to donor advised funds$0$0
Direct public support$499,161,764$83,308,376$80,698,696$90,778,160$96,437,802$108,922,925$127,824,851$114,933,623
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$19,629,668$12,433,364$12,985,281$13,809,170$18,410,328$18,395,312$22,414,541$34,692,266
Program service revenue including government fees and contracts$27,814,996$24,899,502$34,461,462$48,507,854$31,344,146$35,741,546$42,521,140$44,965,039
Membership dues and assessments$18,514,643$18,423,099$19,581,334$20,187,675$20,769,274$22,799,212$24,348,332$25,104,491
Interest on savings and temporary cash investments$128,378$55,240$2,126$0$0$21,512$14,328$91,868
Dividends and interest from securities$45,606,749$41,491,915$38,503,039$42,549,656$48,588,177$55,576,541$60,303,483$44,952,504
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$109,412,338$25,182,395$-6,743,641$61,660,713$66,677,088$153,592,897$138,106,930$225,129,960
Gross amount from sales of assets other than inventory$2,415,980,969$1,479,088,000$1,852,944,000$2,153,679,801$2,585,883,282$1,925,705,148$973,126,231$927,158,333
Less: cost or other basis and sales expenses$2,306,568,631$1,453,905,605$1,859,687,641$2,092,019,088$2,519,206,194$1,772,112,251$835,019,301$702,028,373
Net income or (loss) from special events and activities$-1,162,923$-499,829$-963,706$-989,814$-772,849$-1,394,216$-1,539,095$-2,004,954
Gross revenue$592,265$209,805$498,975$510,425$822,687$463,490$458,100$562,670
Less: direct expenses other than fundraising expenses$1,755,188$709,634$1,462,681$1,500,239$1,595,536$1,857,706$1,997,195$2,567,624
Gross profit or (loss) from sales of inventory$42,840,503$34,307,697$38,101,474$41,761,124$43,418,473$44,841,588$45,268,650$44,724,696
Gross sales of inventory, less returns and allowances$92,106,713$81,458,171$87,196,003$95,532,240$97,736,039$98,948,174$100,670,769$100,584,976
Less: cost of goods sold$49,266,210$47,150,474$49,094,529$53,771,116$54,317,566$54,106,586$55,402,119$55,860,280
Other revenue$827,235$742,490$682,686$665,877$1,087,015$28,091,447$1,840,366$4,406,526
Total expenses$244,149,491$240,583,953$260,849,599$256,149,551$336,316,617$280,304,345$288,605,447$353,205,514
Program services$207,188,792$201,794,565$223,519,332$228,915,308$307,668,605$249,509,213$259,222,887$297,867,509
Management and general$29,658,739$31,415,924$29,532,997$19,905,236$21,062,990$21,855,436$20,732,910$46,115,395
Fundraising$7,301,960$7,373,464$7,797,270$7,329,007$7,585,022$8,939,696$8,649,650$9,222,610
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$2,154,669,042$2,020,938,354$2,021,619,159$2,290,969,930$2,424,259,380$2,703,009,475$3,205,402,433$3,178,371,503
Excess or (deficit) for the year$518,623,860$-239,704$-43,540,848$62,780,864$-10,357,163$186,284,419$172,498,079$183,790,505
Net assets or fund balances at beginning of year$1,748,949,102$2,154,669,606$2,020,938,354$2,021,619,158$2,290,969,930$2,424,259,380$2,703,009,475$3,205,402,433
Other changes in net assets or fund balances$-112,903,920$-133,491,548$44,221,653$206,569,908$143,646,613$92,465,676$329,894,879$-210,821,435
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$353,205,514$297,867,509$46,115,395$9,222,610
Grants paid from donor advised funds$0
Other grants and allocations$1,893,017
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$6,941,949$5,393,331$1,215,562$333,056
Compensation of former officers, directors, key employees, etc.$707,503$0$707,503$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$107,961,476$97,854,278$5,705,571$4,401,627
Pension plan contributions not included above$10,739,705$9,161,003$1,245,427$333,275
Employee benefits not included above$19,462,383$17,055,618$1,900,105$506,660
Payroll taxes$9,093,923$7,613,536$1,166,200$314,187
Professional fundraising fees$353,789$0$0$353,789
Accounting fees$488,603$0$488,603$0
Legal fees$1,782,409$91,391$1,691,018$0
Supplies$8,100,091$7,418,663$407,560$273,868
Telephone$1,192,943$713,829$446,483$32,631
Postage and shipping$10,262,892$9,582,155$97,381$583,356
Occupancy$8,028,336$7,699,759$328,220$357
Equipment rental and maintenance$7,489,705$5,287,283$1,802,492$399,930
Printing and publications$6,386,893$5,963,765$58,239$364,889
Travel$3,126,037$2,921,190$135,320$69,527
Conferences, conventions, and meetings$304,857$177,322$117,288$10,247
Interest$4,026,187$3,997,345$28,842$0
Depreciation, depletion, etc.$39,874,783$36,804,986$2,812,548$257,249
Other expenses not covered above$104,988,033$78,239,038$25,761,033$987,962
Balance Sheets
20002001200220032004200520062007
Total assets$2,295,913,847$2,207,548,499$2,187,968,797$2,483,852,019$2,662,223,132$2,919,825,008$3,552,178,585$3,546,718,831
Cash - non-interest-bearing$6,952,928$1,422,975$10,518,741$6,125,378$6,946,220$9,429,981$3,568,908$1,342,432
Savings and temporary cash investments$100$8,000,000$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$13,761,454$28,235,920$6,968,736$14,227,214$34,548,765$10,888,255$8,368,116$8,995,760
Pledges receivable less allowance for doubtful accounts$469,791,054$43,703,461$56,879,747$71,033,626$72,122,518$81,369,398$92,411,526$98,995,129
Grants receivable$38,424,556$50,449,009$39,308,406$28,310,583$32,831,968$34,123,219$46,750,684$53,968,107
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$13,201,762$10,980,892$10,574,624$13,136,913$10,363,702$10,322,475$11,506,370$12,681,036
Prepaid expenses and deferred charges$4,521,821$6,826,796$7,588,476$8,883,343$10,378,284$10,478,754$11,469,254$10,184,008
Investments - publicly-traded securities$1,687,016,587$745,478,147
Investments - other securities$1,469,381,941$1,775,257,029$1,765,308,357$2,042,070,162$2,159,323,192$2,388,565,195$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$1,274,748,536$2,170,324,931
Land, buildings, and equipment less accumulated depreciation$239,657,480$242,783,361$251,476,893$257,620,104$282,848,249$317,223,234$360,944,646$394,528,598
Other assets, including program-related investments$40,220,751$39,889,056$39,344,817$42,444,696$52,860,234$57,424,497$55,393,958$50,220,683
Total liabilities$141,244,805$186,610,145$166,349,638$192,882,089$237,963,752$216,815,533$346,776,152$368,347,328
Accounts payable and accrued expenses$57,293,567$86,639,449$69,381,137$97,697,015$142,076,651$113,092,010$132,579,178$144,040,317
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$3,932,948$4,306,726$3,387,732$3,725,252$3,805,140$3,670,832$4,221,000$3,964,730
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$44,911,685$43,482,747$43,340,753$39,774,938$37,852,912$34,899,357$162,830,449$169,495,833
Mortgages and other notes payable$25,900,000$31,515,582$29,300,000$29,600,000$37,793,652$47,359,749$37,536,403$38,192,000
Other liabilities$9,206,605$20,665,641$20,940,016$22,084,884$16,435,397$17,793,585$9,609,122$12,654,448
Total liabilities and net assets/fund balances$2,295,913,847$2,207,548,499$2,187,968,797$2,483,852,019$2,662,223,132$2,919,825,008$3,552,178,585$3,546,718,831
Total net assets or fund balances$2,154,669,042$2,020,938,354$2,021,619,159$2,290,969,930$2,424,259,380$2,703,009,475$3,205,402,433$3,178,371,503
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$762,773,351$240,344,249$217,308,751$318,930,415$325,959,454$466,588,764$461,103,526$536,996,019
Total revenue, gains, and other support per audited financial statements$721,825,551$284,213,573$302,901,115$337,959,645$351,262,203$375,968,256$413,815,369$419,186,491
Other expenses$88,154,521$192,358,161$112,015,099$263,192,372$239,904,855$158,835,271$342,193,742$-138,961,888
Net unrealized gains on investments$0$0$0$0$0$92,250,318$329,501,468$-188,268,682
Donated services and use of facilities$0$0$0$0$0$11,886,124$12,692,274$12,947,289
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$88,154,521$192,358,161$112,015,099$263,192,372$239,904,855$54,698,829$0$36,359,505
Other revenue$129,102,321$148,488,837$26,422,735$244,163,142$214,602,106$249,455,779$389,481,899$-21,152,360
Investment expenses$0$0$0$0$0$0$0$0
Other$129,102,321$148,488,837$26,422,735$244,163,142$214,602,106$249,455,779$389,481,899$-21,152,360
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$244,149,491$240,583,953$260,849,599$256,149,551$336,316,617$280,304,345$288,605,447$353,205,514
Total expenses and losses per audited financial statements$237,927,015$228,808,780$251,460,558$263,801,215$273,272,289$285,054,151$297,423,327$310,159,129
Other revenue$60,685,530$56,085,877$61,465,756$64,903,778$66,575,211$68,442,659$70,091,588$71,375,193
Donated services and use of facilities$0$0$0$0$0$11,886,124$12,692,274$12,947,289
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$60,685,530$56,085,877$61,465,756$64,903,778$66,575,211$56,556,535$57,399,314$58,427,904
Other expenses$66,908,006$67,861,050$70,854,797$57,252,114$129,619,539$63,692,853$61,273,708$114,421,578
Investment expenses$0$0$0$0$0$0$0$0
Other$66,908,006$67,861,050$70,854,797$57,252,114$129,619,539$63,692,853$61,273,708$114,421,578
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
35$620,655$87,549$110,731
35$523,087$41,331$41,218
35$342,692$34,533$142,362
35$234,306$37,413$660
35$239,733$38,578$0
35$380,462$10,075$0
35$338,732$37,614$660
35$338,732$39,390$660
35$257,961$40,124$660
35$232,487$27,662$0
35$284,038$37,629$0
35$233,770$29,439$0
35$710,785$669,065$660
35$157,856$7,998$0
35$97,212$457,779$55,652
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings40
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$657,462$25,572$24,469
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062,432
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$11,685,030$269,249,183$106,435,917
Program service revenue
Program service revenue 1000000$000$0$27,894,691
Program service revenue 2Rental and leasing services$34,35000$0$13,487,601
Program service revenue 3000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$2,578,495$0
Program service revenue 4Rental and leasing services$215,610Royalty income excluded by section 512(b)(2)$6,820$747,472
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$25,104,491
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$91,868$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$44,952,504$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventoryUnrelated debt-financed activities other than rental of real estate$8,231,623Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$216,898,337$0
Net income or (loss) from special events000000$000$0$-2,004,954
Gross profit or (loss) from sales of inventoryGift, novelty, and souvenir stores$2,260,323Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$4,721,159$37,743,214
Other revenueAll other business support services$943,12400$0$3,463,402
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$485,295$474,102$0
$480,165$26,361$660
$316,842$35,767$660
$255,476$36,442$660
$244,377$40,765$660
Total number of other employees paid over $50,000853
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$155,503
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$12
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$50,747,261
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$320,384,561$302,326,878$672,963,851$282,479,636$320,638,330$324,300,976$369,312,930$368,275,270
Gifts, grants, and contributions received$131,860,275$107,053,151$497,440,467$92,197,269$102,324,524$112,143,409$116,790,128$126,559,800
Membership fees received$17,966,725$18,533,259$18,440,493$19,688,478$20,186,505$20,693,379$23,147,477$24,345,174
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$116,067,179$115,208,702$101,996,373$124,251,338$141,539,899$127,781,958$161,891,148$144,516,820
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$44,826,250$51,867,634$46,860,750$37,092,953$46,226,153$51,796,106$55,598,053$60,317,811
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$9,664,132$9,664,132$8,225,768$9,249,598$10,361,249$11,886,124$11,886,124$12,535,665
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$297,867,509
Total lobbying expenditures$155,503
Total lobbying expenditures to influence public opinion (grassroots lobbying)$13,877
Total lobbying expenditures to influence a legislative body (direct lobbying)$141,626
Other exempt purpose expenditures$297,712,006
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$470,048,040
Contributions, Gifts, Grants and Other Similar Amounts$192,790,476
Program Service Revenue$11,769,800
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$38,727,684
Income from investment of tax-exempt bond proceeds$0
Royalties$8,820
Net rental income$0
Net gain from sales of assets other than inventory$179,994,091
Gross amount from sales of assets other than inventory (Securities / Other)$931,800,812 / $0
Less: cost or other basis and sales expenses (Securities / Other)$751,806,721 / $0
Gain or (loss) (Securities / Other)$179,994,091 / $0
Net loss from fundraising events$-2,660,233
Gross income from fundraising events$559,567
Less: direct expenses$3,219,800
Net income from gaming activities$0
Net income from sales of inventory$46,089,192
Gross sales of inventory, less returns and allowances$90,349,962
Less: cost of goods sold$44,260,770
Miscellaneous Revenue$3,328,210
Statement of Functional Expenses (for 2011)
Total functional expenses$345,356,939
Compensation of current officers, directors, trustees, and key employees$7,133,964
Other salaries and wages$111,469,638
Payroll taxes$9,359,286
Professional fundraising services$344,497
Other$217,049,554
Balance Sheet (for 2011)
Total assets$3,324,866,332
Total liabilities$418,074,857
Tax-exempt bond liabilities$173,485,962
Secured mortgages and notes payable to unrelated third parties$45,330,000
Unsecured notes and loans payable to unrelated third parties$0
Other$199,258,895
Total net assets or fund balances$2,906,791,475
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,178,953,379
Gifts, grants, contributions, and membership fees received$908,761,810
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$67,320,267
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$202,871,302
Gross receipts from related activities, etc.$529,833,565
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$11,641,323$0$11,641,323
Gross receipts or sales less returns and allowances$4,607,242$0$15
Cost of goods sold$1,403,795$0$0
Gross profit$3,203,447$0$3,203,447
Capital gain net income$8,058,046$0$8,058,046
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$129,870$0$129,870
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$249,960$0$249,960
Deductions Not Taken Elsewhere (for 2008)
Total deductions$3,792,689
Compensation of officers, directors, and trustees$93,724
Salaries and wages$1,952,797
Repairs and maintenance$9,568
Bad debts$1,832
Interest$68,470
Taxes and licenses$225,131
Charitable contributions$0
Depreciation$141,488
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$341,135
Excess exempt expenses$0
Excess readership costs$0
Other deductions$958,544
Unrelated business taxable income$7,847,634
Unrelated business taxable income before net operating loss deduction$7,848,634
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$7,848,634
Specific deduction$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend The Metropolitan Museum Of Art to others? (optional)
  
Add photo of The Metropolitan Museum Of Art (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»

Sweepstakes

Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!



Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):


Recently Added Reviews
Three Goats Organization in New York, NY
****•
North Country Prenatal-Perinatal Council Inc in Watertown, NY
*****
Florida Historical Society in Florida, NY
*****
Green Meadows Civic Association Ltd in Loudonville, NY
*****
Westchester Disabled On The Move Inc in Yonkers, NY
Unity Fellowship Of Christ Church Nyc in Brooklyn, NY
Volunteers For Wildlife Inc in Locust Valley, NY
Syracuse Senior Citizens Project Corp in Syracuse, NY
*****
Main Idea Inc in Mamaroneck, NY
***
Day By Day Community Outreach Inc in Farmingdale, NY
*
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Metropolitan Museum Of Art1000 Fifth Avenue, New York, NY 10028-0113NY1994-03$1,022,830,523
2Museum Of Modern Art11 W 53rd St, New York, NY 10019-5401NY1952-12$555,085,108
3Whitney Museum Of American Art945 Madison Ave, New York, NY 10021-2764NY1936-06$164,890,000
4Solomon R Guggenheim Foundation1071 5th Ave, New York, NY 10128-0112NY1938-03$143,262,181
5Frick Collection1 E 70th St, New York, NY 10021-4981NY1939-10$102,698,694
6Brooklyn Institute Of Arts And Sciences, Brooklyn Museum200 Eastern Pkwy, Brooklyn, NY 11238-6052NY1935-06$70,920,189
7Buffalo Fine Arts Academy1285 Elmwood Ave, Buffalo, NY 14222-1003NY1940-12$43,954,621
8International Center Of Photography1114 Avenue Of The Americas, New York, NY 10036-7703NY1974-11$21,059,408
9Museum Of Arts And Design2 Columbus Cir, New York, NY 10019-1800NY1992-02$20,226,229
10Heckscher Museum2 Prime Ave, Huntington, NY 11743-2741NY1964-02$13,441,889
11New Museum Of Contemporary Art235 Bowery, New York, NY 10002-1218NY1979-11$12,576,832
12Queens Museum Of Art New York City Building, Flushing Meadows Corona ParkNyc Bldg Flushing Meadow Park, Flushing, NY 11368NY1972-08$11,215,383
13Storm King Art CenterOld Pleasant Hill Road, Mountainville, NY 10953NY1961-11$7,137,798
14Arnot Art Museum235 Lake St, Elmira, NY 14901-3118NY1942-10$577,364
15Ps1 Contemporary Art Center Inc4601 21st St, Long Is City, NY 11101-5324NY1981-07$8,455,962
16Parrish Art Museum Inc25 Jobs Ln, Southampton, NY 11968-4806NY1959-03$6,648,718
17Bronx Museum Of The Arts1040 Grand Concourse, Bronx, NY 10456-3901NY1973-03$4,747,017
18Hudson River Museum Of Westchester511 Warburton Ave, Yonkers, NY 10701-1801NY1955-08$4,298,104
19Nassau County Museum Of Art1 Museum Dr, Roslyn Harbor, NY 11576-1138NY1994-03$2,544,083
20Katonah Museum Of Art Inc134 Jay St, Katonah, NY 10536-3736NY1957-10$2,017,125
Number of organizations performing similar types of work
Alaska1
Alabama8
Arizona5
California42
Colorado5
Connecticut7
District of Columbia7
Delaware2
Florida21
Georgia8
Hawaii2
Iowa3
Idaho1
Illinois7
Indiana11
Kansas2
Kentucky3
Louisiana6
Massachusetts17
Maryland6
Maine6
Michigan7
Minnesota8
Missouri4
Mississippi4
Montana7
North Carolina16
North Dakota2
Nebraska2
New Hampshire1
New Jersey4
New Mexico2
Nevada3
New York32
Ohio17
Oklahoma5
Oregon4
Pennsylvania12
Rhode Island5
South Carolina4
Tennessee6
Texas23
Utah1
Virginia9
Vermont3
Washington8
Wisconsin6
West Virginia1
Wyoming1
International2
Total369

faqs.org is not associated with, endorsed by, or sponsored by The Metropolitan Museum Of Art and has no official or unofficial affiliation with The Metropolitan Museum Of Art