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Arts, Culture, Humanities : Museums

North Carolina Museum of Art Foundation

Promoting the growth and progress of the North Carolina Museum of Art

four stars

91.02

2110 Blue Ridge Road Raleigh, NC 27607
tel: (919) 839-6262   Web Site
EIN: 23-7071511

Board Leadership
Joyce Fitzpatrick
Chair

CEO
Valerie Hillings
Museum Director

  Score
(out of 100)
Rating
Overall Score & Rating 91.02 four stars
  Financial 93.66 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

The North Carolina Museum of Art Foundation works to foster and promote the growth, progress and general welfare of the North Carolina Museum of Art, which houses the art collections of the State of North Carolina. Currently closed for renovations, the Museum's new 127,000-square-foot building will open in April 2010, creating a beautiful home for the permanent collection with dramatically expanded exhibition space highlighted by day-lit galleries. Encompassing 164 acres of fields, woodlands, and creeks, the Museum Park presents a unique setting to explore the intersection between art and nature.

The North Carolina Museum of Art Foundation works to foster and promote the growth, progress and general welfare of the North Carolina Museum of Art, which houses the art collections of the State of North Carolina. Currently closed for renovations, the Museum's new 127,000-square-foot building will open in April 2010, creating a beautiful home for the permanent collection with dramatically expanded exhibition space highlighted by day-lit galleries. Encompassing 164 acres of fields, woodlands, and creeks, the Museum Park presents a unique setting to explore the intersection between art and nature.

Impact Information

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Financial

four stars

93.66

Accountability & Transparency

three stars

89.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.6%
  Administrative Expenses 11.8%
  Fundraising Expenses 9.4%
  Fundraising Efficiency $0.16
  Working Capital Ratio (years) 2.06
  Program Expenses Growth 16.0%
  Liabilities to Assets 1.9%
All data for Financial Performance Metrics calculations was provided by North Carolina Museum of Art Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by North Carolina Museum of Art Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
North Carolina Museum of Art Foundation (NC) 91.02 four stars
Museum of Arts and Sciences (GA) 91.24 four stars
Denver Art Museum (CO) 88.77 three stars
Santa Barbara Museum of Art (CA) 93.82 four stars
Metropolitan Museum of Art (NY) 95.80 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $9,146,176
   Federated Campaigns $0
   Membership Dues $2,380,840
   Fundraising Events $436
   Related Organizations $0
   Government Grants $333,333
Total Contributions $11,860,785
   Program Service Revenue $5,303,058
Total Primary Revenue $17,163,843
   Other Revenue $1,568,934
TOTAL REVENUE $18,732,777
   
EXPENSES  
   Program Expenses $13,985,289
   Administrative Expenses $1,974,303
   Fundraising Expenses $1,604,576
TOTAL FUNCTIONAL EXPENSES $17,564,168
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,168,609
   
Net Assets $62,695,311

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Museum of Art $8,309,481 59.4%
Cultivating Donors for Artwork and Contributions $4,577,576 32.7%
Property Development $1,098,232 7.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 09/03/2019 91.02 four stars
2017-06 02/01/2019 89.83 three stars
2016-06 12/22/2017 86.44 three stars
2015-06 10/01/2016 84.75 three stars
2014-06 06/01/2016 86.07 three stars
 
CN 2.0
2014-06 10/01/2015 88.12 three stars
2013-06 12/22/2014 82.18 three stars
2012-06 11/01/2013 80.18 three stars
2011-06 09/01/2012 74.78 two stars
2010-06 11/01/2011 84.76 three stars
2009-06 09/20/2011 81.58 three stars
 
CN 1.0
2009-06 11/24/2010 76.56 two stars
2008-06 10/01/2009 92.16 four stars
2007-06 03/01/2009 74.88 two stars
2006-06 06/01/2007 68.08 one star
2005-06 11/01/2006 75.27 two stars
2004-06 08/01/2005 88.02 three stars
2003-06 11/01/2004 67.93 one star
2002-06 11/01/2003 83.46 three stars
2001-06 02/05/2003 83.26 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7071511
Name in IRS Master File NORTH CAROLINA MUSEUM OF ART FOUNDATION INC
NTEE Code A11
NTEE Classification Single Organization Support
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
(59) Other school related activities
(602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1969
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title Compensation from Affiliates
$236,250 1.34% Lawrence J. Wheeler Museum Director $307,034
Other Salaries of Note
$304,609 1.73% Caterri M. Woodrum Chief Deputy Director & CFO --

Highly Rated

Charity Name & State Overall Score Overall Rating
North Carolina Museum of Art Foundation (NC) 91.02 four stars
Los Angeles County Museum of Art (CA) 88.06 three stars
Des Moines Art Center (IA) 90.23 four stars
Reynolda House Museum of American Art (NC) 93.93 four stars
Washington County Museum of Fine Arts (MD) 91.37 four stars

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Charity Contact Info

North Carolina Museum of Art Foundation
2110 Blue Ridge Road
Raleigh, NC 27607
tel: (919) 839-6262
EIN: 23-7071511

Mail donations to:
4630 Mail Services Center
Raleigh, NC 27699

Visit Web Site

Board Leadership

Joyce Fitzpatrick
Chair

CEO

Valerie Hillings
Museum Director

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