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Arts, Culture, Humanities : Museums

Newfields

Fostering exploration of art, design, and the natural environment

three stars

82.24

4000 Michigan Road Indianapolis, IN 46208
tel: (317) 923-1331   Web Site
EIN: 35-0867955

Board Leadership
Katie Betley
Chair

CEO
Charles L. Venable
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 82.24 three stars
  Financial 75.88 two stars
  Accountability & Transparency 93.00 four stars
This rating was published 09/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Founded in 1883, serves the creative interests of its communities by fostering exploration of art, design, and the natural environment. With a collection of over 50,000 works of art, Newfields promotes these interests through the collection, presentation, interpretation and conservation of its artistic, historic, and environmental assets. Newfields also features national and international traveling exhibitions throughout the year. Upon completion, the Virginia B. Fairbanks Art & Nature Park will provide an urban oasis with 100 acres of woodlands, wetlands, lake and meadows located adjacent to the Museum. Oldfields-Lilly House & Gardens offers visitors a glimpse into the lives of one of Indianapolis's most interesting and prominent families, the Josiah K Lilly Jr. Family.

Founded in 1883, serves the creative interests of its communities by fostering exploration of art, design, and the natural environment. With a collection of over 50,000 works of art, Newfields promotes these interests through the collection, presentation, interpretation and conservation of its artistic, historic, and environmental assets. Newfields also features national and international traveling exhibitions throughout the year. Upon completion, the Virginia B. Fairbanks Art & Nature Park will provide an urban oasis with 100 acres of woodlands, wetlands, lake and meadows located adjacent to the Museum. Oldfields-Lilly House & Gardens offers visitors a glimpse into the lives of one of Indianapolis's most interesting and prominent families, the Josiah K Lilly Jr. Family.

Impact Information

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Financial

two stars

75.88

Accountability & Transparency

four stars

93.00

This rating was published 09/01/2018 and includes data from FY2017, 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)
74.4%
  Administrative Expenses 17.8%
  Fundraising Expenses 7.7%
  Fundraising Efficiency $0.23
  Working Capital Ratio (years) 6.41
  Program Expenses Growth < 0.1%
  Liabilities to Assets 22.5%
All data for Financial Performance Metrics calculations was provided by Newfields on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Newfields on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Newfields (IN) 82.24 three stars
The Bronx Museum of the Arts (NY) 91.45 four stars
The Minneapolis Institute of Arts (MN) 92.05 four stars
Philbrook Museum of Art (OK) 87.15 three stars
Brooklyn Museum (NY) 87.89 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,705,732
   Federated Campaigns $0
   Membership Dues $938,365
   Fundraising Events $0
   Related Organizations $0
   Government Grants $279,874
Total Contributions $11,923,971
   Program Service Revenue $2,177,048
Total Primary Revenue $14,101,019
   Other Revenue $27,546,601
TOTAL REVENUE $41,647,620
   
EXPENSES  
   Program Expenses $24,926,165
   Administrative Expenses $6,419,108
   Fundraising Expenses $2,997,074
TOTAL FUNCTIONAL EXPENSES $34,342,347
   
Payments to Affiliates $0
Excess (or Deficit) for the year $7,305,273
   
Net Assets $372,402,329

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 $12,292,943 49.3%
Educational $6,950,510 27.9%
Horticultural $3,869,132 15.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 09/01/2018 82.24 three stars
2016-06 02/01/2018 82.23 three stars
2015-06 12/01/2016 84.66 three stars
2014-06 06/01/2016 86.14 three stars
 
CN 2.0
2014-06 11/01/2015 82.51 three stars
2013-06 11/01/2014 91.50 four stars
2012-06 09/01/2013 80.07 three stars
2011-06 10/01/2012 83.25 three stars
2010-06 11/01/2011 78.54 two stars
2009-06 09/20/2011 92.32 four stars
 
CN 1.0
2009-06 11/24/2010 90.59 four stars
2007-12 08/01/2009 97.97 four stars
2006-12 07/01/2008 98.80 four stars
2005-12 07/01/2007 88.38 three stars
2004-12 04/01/2006 84.40 three stars
2003-12 03/01/2005 75.49 two stars
2002-12 05/01/2004 84.44 three stars
2001-12 02/05/2003 84.82 three stars
2000-12 10/15/2002 86.36 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 35-0867955
Name in IRS Master File INDIANAPOLIS MUSEUM OF ART 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.
(30) School, college, trade school, 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 July, 1937
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, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

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

Compensation % of Expenses Paid to Title
$702,636 2.04% Charles Venable Director, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Newfields (IN) 82.24 three stars
Minnesota Museum of American Art (MN) 89.23 three stars
Nevada Museum of Art (NV) 87.93 three stars
The Columbus Museum (GA) 86.64 three stars
Honolulu Museum of Art (HI) 85.23 three stars

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Charity Contact Info

Newfields
4000 Michigan Road
Indianapolis, IN 46208
tel: (317) 923-1331
fax: (317) 931-1978
EIN: 35-0867955

Visit Web Site

Board Leadership

Katie Betley
Chair

CEO

Charles L. Venable
Chief Executive Officer

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