Overview
What is The Pierpont Morgan Library?
The Pierpont Morgan Library, also known as The Morgan, is a renowned nonprofit organization located in midtown Manhattan, New York. Housed in three historic buildings joined by modern steel-and-glass structures, this institution is home to an exceptional collection of artistic, literary, musical, and historical works. Its impressive holdings include original compositions by Mozart and Beethoven, drawings by Rembrandt and Rubens, ancient manuscripts, and Gutenberg Bibles. With over 140,000 visitors a year, The Morgan offers a wide variety of changing exhibitions, drawing from both its vast permanent collection and external sources, showcasing works from around the world. Curators oversee these exhibitions, permanent collection, and provide research services for the scholarly community. The Morgan's extensive collection, which includes manuscripts, rare books, music, drawings, and ancient artifacts, is among the finest in the world and a cornerstone of American institutions focusing on these areas. The Morgan Drawing Institute focuses on the interpretation, conservation, and theory of old master and modern drawing, fostering new lines of investigation and discourse. In summary, The Pierpont Morgan Library is a museum and independent research library dedicated to preserving, studying, and presenting its extraordinary collection, providing stimulating exhibitions and public programs, and nurturing creativity and learning.
Official website here: www.themorgan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Pierpont Morgan Library has achieved an impressive rating of 96% from Charity Navigator, reflecting strong accountability and financial health. This rating is based entirely on the organization’s financial metrics, showcasing its commitment to transparency and effective governance. The library maintains a fully independent board, with 96% of its members being independent, which enhances its oversight and decision-making processes.
The financial performance indicators are robust, with a program expense ratio of 74.65%, indicating that a significant portion of its budget is allocated toward its core mission rather than administrative costs. Additionally, the organization has established comprehensive policies, including conflict of interest and whistleblower policies, which further underscore its dedication to ethical practices.
While the data highlights the library's strengths, it does not mention any specific community feedback or program impacts. This lack of qualitative insights may limit a comprehensive understanding of the library's overall effectiveness in serving its mission to the public.
This AI summary has been generated from information found on Charity Navigator.
Is The Pierpont Morgan Library legitimate?
The Pierpont Morgan Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pierpont Morgan Library 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: $1,634,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,910,586
For more financial information, click here
Official website here: www.themorgan.org
What is the mission statement of The Pierpont Morgan Library?
The Pierpont Morgan Library functions as both a museum and an independent research library, home to an esteemed collection of manuscripts, rare books, music, drawings, and ancient works of art. Its mission is to preserve, expand, study, exhibit, and interpret a collection of exceptional quality to inspire enjoyment, broaden imagination, foster learning, and nurture creativity. The institution's impressive holdings include original compositions by Mozart and Beethoven, works by Rembrandt and Rubens, medieval and Renaissance pieces, various Gutenberg Bibles, literary manuscripts by Dickens and Twain, and ancient carvings from Western Asia. The Morgan recorded over 140,000 visitors in the fiscal year, primarily for exhibitions showcasing works from its permanent collection and those of other institutions, as well as for symposia, seminars, and research services. The museum's core collections, which include manuscripts, printed books, bindings, literary and historical documents, drawings, prints, and ancient cylinder seals, are among the finest in the world and are augmented through an active acquisitions program. The Morgan's Drawing Institute focuses on interpreting, conserving, and theorizing old master and modern drawing, with the goal of stimulating new lines of investigation and discourse.
Official website here: www.themorgan.org
Who is the CEO of The Pierpont Morgan Library?
Colin B Bailey is the President of The Pierpont Morgan Library.
Official website here: www.themorgan.org
What is the revenue of The Pierpont Morgan Library?
The Pierpont Morgan Library's revenue in 2022 was $59,153,120.
Official website here: www.themorgan.org
Who are the executives of The Pierpont Morgan Library and what are their salaries?
The average compensation at The Pierpont Morgan Library during 2022 was $52,991. There are 199 employees and 45 volunteers at The Pierpont Morgan Library.
Here are 33 key members and their salaries:
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Official website here: www.themorgan.org
Where can I find the form 990 for The Pierpont Morgan Library?
The Pierpont Morgan Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themorgan.org
Learn more at the official website: www.themorgan.org
Mission Statement of The Pierpont Morgan Library
The Pierpont Morgan Library, a renowned museum and independent research institution, is dedicated to the preservation, growth, study, and presentation of a remarkable collection of manuscripts, rare books, music, drawings, and ancient and other works of art. This extraordinary assemblage of cultural treasures, which includes original scores by Mozart and Beethoven, drawings by Rembrandt and Rubens, and manuscripts by Dickens and Twain, is among the finest and most significant in the world.
The mission of The Pierpont Morgan Library is to stimulate enjoyment, excite the imagination, advance learning, and nurture creativity through the preservation and accessibility of its unique and exceptionally rare collection. The organization's curators meticulously oversee exhibitions that showcase works from its permanent collection and collaborate with other museums and libraries to present a diverse range of shows. The Morgan recorded over 140,000 visitors in the fiscal year, drawn to exhibitions on topics such as Woody Guthrie, James Joyce's Ulysses, and Women of Mesopotamia. The institution's staff provides research services and organizes symposia, seminars, and lectures to foster new lines of investigation and discourse in the field.
Established by J. Pierpont Morgan, the Pierpont Morgan Library houses collections that were among the first important assemblages of their kind in America. These holdings, which now include photography, modern and contemporary drawings, and ancient cylinder seals, are distinguished by their high percentage of unique and rare items. The institution maintains an active acquisitions program and now holds several hundred thousand items in its collection. The Drawing Institute at The Pierpont Morgan Library is devoted to the interpretation, conservation, and theory of old master and modern drawings, offering fellowships, publications, small exhibitions, and ongoing seminars and lectures.
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Impact
October, 2024
The Pierpont Morgan Library profoundly impacts cultural and intellectual life through its exceptional collection of manuscripts, rare books, music, drawings, and artworks. Situated in Midtown Manhattan, this institution houses one of the world's premier collections, including original scores from iconic composers like Mozart and Beethoven, masterpieces by renowned artists such as Rembrandt and Rubens, and significant literary manuscripts from figures like Dickens and Twain.
By offering dynamic exhibitions and public programs, The Morgan engages a diverse audience, enhancing appreciation for historical and cultural artifacts. With over 140,000 visitors recorded in a recent fiscal year, exhibitions such as "Woody Guthrie: People Are the Song" and "She Who Wrote: Enheduanna and Women of Mesopotamia" showcase the depth of its collections while drawing connections to contemporary themes.
The institution also serves as a vital resource for researchers, providing access to unique manuscripts and supporting scholarship through fellowships, seminars, and symposiums. Its active acquisitions program and commitment to curatorial excellence ensure the ongoing relevance and growth of its holdings, making it one of the select American institutions dedicated to the study and preservation of artistic, literary, and historical materials.
Furthermore, the Morgan's Drawing Institute fosters innovative research and discourse within the field of art history, particularly concerning old master and modern drawings. Through targeted exhibitions and publications, it aims to enrich understanding and appreciation of visual arts. The overall mission of The Morgan—to stimulate enjoyment, ignite imagination, and nurture creativity—positions it as a cornerstone of cultural education, significantly contributing to the cultural fabric of New York and beyond.
This information is meant to be a general summary of The Pierpont Morgan Library. 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 2022.
- Investment Income: $42,854,814
- Program Service Revenue: $2,153,988
- Gross Receipts: $77,905,080
Assets and Liabilities:
- Total Assets: $416,332,166
- Total Liabilities: $20,772,782
- Net Assets: $395,559,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions and Ticket Sales
Revenue
$1,693,825
Member Dues, Events, Access Fees
Revenue
$215,720
Photographic Income
Revenue
$122,463
Organization Details
Founding Year
1924
Phone
(212) 685-0008Principal Officer
Colin B Bailey
Main Address
225 Madison Avenue, New York, NY, 10016
Website
www.themorgan.orgNTEE Category
Code: B700 - Education
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