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Arts, Culture, Humanities : Museums

Farnsworth Art Museum

Celebrating Maine's role in American art

three stars

83.21

16 Museum Street Rockland, ME 04841
tel: (207) 596-6457   Web Site
EIN: 01-0368070

Board Leadership
Charles Altschul
President

CEO
Christopher Brownawell
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 83.21 three stars
  Financial 76.60 two stars
  Accountability & Transparency 96.00 four stars
This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Celebrating Maine's role in American art, the Farnsworth Art Museum offers a nationally recognized collection of works from many of America's greatest artists. With 20,000 square feet of gallery space and over 10,000 works in the collection, there is always something new on view at the Farnsworth. The museum houses the nation's second-largest collection of works by premier 20th-century sculptor Louise Nevelson. Its Wyeth Center exclusively features works of Andrew, N.C. and Jamie Wyeth. The Farnsworth's library is also housed in its Rockland, ME, campus. Two historic buildings, the Farnsworth Homestead and the Olson House, complete the museum complex.

Celebrating Maine's role in American art, the Farnsworth Art Museum offers a nationally recognized collection of works from many of America's greatest artists. With 20,000 square feet of gallery space and over 10,000 works in the collection, there is always something new on view at the Farnsworth. The museum houses the nation's second-largest collection of works by premier 20th-century sculptor Louise Nevelson. Its Wyeth Center exclusively features works of Andrew, N.C. and Jamie Wyeth. The Farnsworth's library is also housed in its Rockland, ME, campus. Two historic buildings, the Farnsworth Homestead and the Olson House, complete the museum complex.

Impact Information

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Financial

two stars

76.60

Accountability & Transparency

four stars

96.00

This rating was published 02/01/2020 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)
67.7%
  Administrative Expenses 19.1%
  Fundraising Expenses 13.1%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 2.97
  Program Expenses Growth 1.7%
  Liabilities to Assets 5.1%
All data for Financial Performance Metrics calculations was provided by Farnsworth Art Museum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Farnsworth Art Museum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Farnsworth Art Museum (ME) 83.21 three stars
SculptureCenter (NY) 86.96 three stars
Des Moines Art Center (IA) 90.23 four stars
Centre Pompidou Foundation (CA) 88.21 three stars
Storm King Art Center (NY) 89.66 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $5,795,190
   Federated Campaigns $0
   Membership Dues $209,974
   Fundraising Events $353,579
   Related Organizations $31,000
   Government Grants $0
Total Contributions $6,389,743
   Program Service Revenue $617,475
Total Primary Revenue $7,007,218
   Other Revenue $801,076
TOTAL REVENUE $7,808,294
   
EXPENSES  
   Program Expenses $2,922,949
   Administrative Expenses $607,480
   Fundraising Expenses $659,894
TOTAL FUNCTIONAL EXPENSES $4,190,323
   
Payments to Affiliates $0
Excess (or Deficit) for the year $3,617,971
   
Net Assets $30,181,574

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
Curatorial and Library $2,086,466 71.4%
Educational Programming $564,346 19.3%
Museum Store $272,137 9.3%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-09 02/01/2020 83.21 three stars
2017-09 09/01/2018 80.68 three stars
2016-09 03/01/2018 81.14 three stars
2015-09 03/01/2017 85.13 three stars
2013-12 06/01/2016 85.39 three stars
 
CN 2.0
2013-12 07/01/2015 82.12 three stars
2012-12 03/01/2014 85.15 three stars
2011-12 04/01/2013 84.50 three stars
2010-12 04/01/2012 94.31 four stars
2009-12 09/20/2011 90.30 four stars
 
CN 1.0
2009-12 03/01/2011 86.88 three stars
2008-03 07/01/2009 80.96 three stars
2007-03 06/01/2008 73.78 two stars
2006-03 04/01/2007 79.93 two stars
2005-03 01/01/2006 52.11 zero star
2004-03 12/01/2004 52.95 zero star
2003-03 07/01/2004 56.95 one star

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

EIN 01-0368070
Name in IRS Master File WILLIAM A FARNSWORTH LIBRARY AND ART MUSEUM INC
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
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 April, 1987
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$236,633 5.64% Chris Brownawell Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Farnsworth Art Museum (ME) 83.21 three stars
North Carolina Museum of Art Foundation (NC) 91.02 four stars
Tyler Museum of Art (TX) 90.25 four stars
Wadsworth Atheneum (CT) 92.19 four stars
Telfair Museum of Art (GA) 86.25 three stars

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Charity Contact Info

Farnsworth Art Museum
16 Museum Street
Rockland, ME 04841
tel: (207) 596-6457
fax: (207) 596-0509
EIN: 01-0368070

Visit Web Site

Board Leadership

Charles Altschul
President

CEO

Christopher Brownawell
Executive Director

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