Overview
What is The Brooklyn Institute Of Arts And Sciences?
The Brooklyn Institute of Arts and Sciences, also known as the Brooklyn Museum, is a renowned nonprofit organization based in Brooklyn, New York. With a workforce of 524 employees, the institution is dedicated to presenting and preserving an extensive collection that spans over 5,000 years of history and encompasses various cultures worldwide. The museum's collections include Arts of the Americas and Europe, Ancient Egypt, Africa, Asia, the Middle East, contemporary, and feminist art. Several of its collections are renowned for their exceptional quality, such as the American and Egyptian art collections. The organization also hosts traveling exhibitions, allowing audiences from around the globe to engage with works from its distinguished collection. Through innovative education and public programs, the museum served approximately 152,739 students, teachers, families, and adults this year. By exploring the collection and special exhibitions, as well as engaging in hands-on art-making activities, these programs enhance classroom learning and foster lifelong connections to the visual arts. Notably, the museum's nationally-recognized programs, like First Saturdays, contribute to building an exceptionally diverse audience. In summary, the mission of the Brooklyn Institute of Arts and Sciences is to provide inspiring encounters with art, broadening our perspectives of ourselves and the world's possibilities.
Official website here: www.brooklynmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Brooklyn Institute of Arts and Sciences has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the organization demonstrates a commitment to transparency and effective management, highlighted by a 100% independent board and robust oversight mechanisms. The charity's financial practices are commendable, with no material diversion of assets and a well-structured audit committee.
The organization excels in its financial ratios, showcasing a program expense ratio of 69.84%, indicating that a significant portion of its funds is directed towards its mission. Additionally, it maintains a healthy liabilities to assets ratio of 10.36% and an outstanding working capital ratio of 6.66 years, which suggests strong financial stability and sustainability.
While the data does not indicate any significant weaknesses, it is essential for donors to continually assess organizational effectiveness as part of their giving strategy. Overall, the Brooklyn Institute of Arts and Sciences stands out as a responsible and impactful organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Brooklyn Institute Of Arts And Sciences legitimate?
The Brooklyn Institute Of Arts And Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Brooklyn Institute Of Arts And Sciences submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,298,142
Professional Fundraising Fees: $778,490
Other Salaries and Wages: $28,480,279
For more financial information, click here
Official website here: www.brooklynmuseum.org
What is the mission statement of The Brooklyn Institute Of Arts And Sciences?
The Brooklyn Institute of Arts and Sciences, also known as the Brooklyn Museum, strives to create inspiring encounters with art that broaden our perspectives of the world and its possibilities. The organization houses an extensive and comprehensive collection, spanning over 5,000 years of history and representing various cultures globally. Their renowned collections include American and Egyptian art, and they present permanent installations featuring arts from Ancient Egypt, Africa, Asia, the Middle East, contemporary, and feminist art. Some of these collections are considered among the best in the world. Through traveling exhibitions, audiences from around the globe can experience works from the museum's renowned collection. The museum's education programs served approximately 41,808 to 110,921 students, teachers, families, and adults this year, strengthening classroom learning and fostering lifelong connections to the visual arts. Nationally-recognized programs, like First Saturdays, contribute to the museum's diverse audience. Education programs are a crucial aspect of the museum's mission to enrich the experiences of its visitors.
Official website here: www.brooklynmuseum.org
What is the revenue of The Brooklyn Institute Of Arts And Sciences?
The Brooklyn Institute Of Arts And Sciences's revenue in 2024 was $68,295,212.
Official website here: www.brooklynmuseum.org
Who are the executives of The Brooklyn Institute Of Arts And Sciences and what are their salaries?
The average compensation at The Brooklyn Institute Of Arts And Sciences during 2024 was $49,563. There are 621 employees at The Brooklyn Institute Of Arts And Sciences.
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Official website here: www.brooklynmuseum.org
Where can I find the form 990 for The Brooklyn Institute Of Arts And Sciences?
The Brooklyn Institute Of Arts And Sciences's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.brooklynmuseum.org
Learn more at the official website: www.brooklynmuseum.org
Mission Statement of The Brooklyn Institute Of Arts And Sciences
The Brooklyn Institute of Arts and Sciences, also known as the Brooklyn Museum, is a renowned cultural institution dedicated to expanding our perspectives on the world and its possibilities through inspiring encounters with art. Its comprehensive collection, spanning nearly 5,000 years of history and representing diverse cultures from around the globe, is a testament to its commitment.
The museum's vast holdings include American and Egyptian art collections, which are among the highest quality in the world. With permanent installations showcasing arts from ancient Egypt, Africa, Asia, and the Middle East, as well as contemporary and feminist art, the Brooklyn Museum offers visitors a rich and diverse artistic experience. Moreover, traveling exhibitions provide unique opportunities for audiences from around the globe to engage with renowned works from the museum's collection.
In addition to its curatorial efforts, the Brooklyn Institute of Arts and Sciences prioritizes education and community engagement. Innovative educational and public programs have served approximately 110,921 students, teachers, families, and adults this year. Through hands-on art-making and exploring the collection and special exhibitions, these programs strengthen classroom learning and foster lifelong connections to the visual arts. Nationally-recognized programs, such as First Saturdays, have contributed to building a diverse audience, making the Brooklyn Museum one of the most inclusive cultural institutions in the nation.
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Impact
October, 2024
The Brooklyn Institute of Arts and Sciences profoundly impacts its community and beyond through curated artistic experiences and comprehensive education programs. By preserving and showcasing a vast collection that spans nearly 5,000 years and represents diverse cultures, the Institute serves as a cultural hub that enriches public understanding of art and history.
Through its innovative public and educational programs, the Institute engages a wide audience—approximately 110,921 individuals, including students, teachers, families, and adults annually. These initiatives promote lifelong connections to the visual arts, enhance educational experiences, and foster a deeper appreciation for cultural expressions.
Notably, programs like First Saturdays have successfully attracted one of the most diverse audiences of any museum in the nation, exemplifying the Institute's commitment to inclusivity and accessibility. By facilitating encounters with both classic and contemporary artworks, the Brooklyn Institute plays an essential role in expanding perspectives and sparking meaningful conversations about art, culture, and identity.
This information is meant to be a general summary of The Brooklyn Institute Of Arts And Sciences. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,487,865
- Program Service Revenue: $8,182,891
- Gross Receipts: $121,978,815
Assets and Liabilities:
- Total Assets: $368,357,296
- Total Liabilities: $40,546,048
- Net Assets: $327,811,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIS./PUBLIC AFFAIRS
Revenue
$5,904,006
EXHIBITION & LOAN FEES
Revenue
$1,868,619
SPECIAL EXHIBITIONS
Revenue
$410,266
Organization Details
Founding Year
1890
Principal Officer
Anne Pasternak
Website
www.brooklynmuseum.orgNTEE Category
Code: A510 - Arts
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