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The Pierpont Morgan Library

The Morgan Library & Museum

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131624146 ✦ New york, NY ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Colin B Bailey (Director)
  • Compensation: $620,070
  • Related: $0
  • Other: $63,763

    • Kristina W Stillman (Dir. Of Fin./Adm & Asst. Treasurer)
  • Compensation: $289,653
  • Related: $0
  • Other: $67,031

    • Jessica B Ludwig (Deputy Dir.& Asst.Secretary)
  • Compensation: $232,636
  • Related: $0
  • Other: $37,912

    • Lauren Stakias (Dir. Of Institutional Advancement)
  • Compensation: $231,413
  • Related: $0
  • Other: $27,584

    • Mary Schlitzer (Controller)
  • Compensation: $169,958
  • Related: $0
  • Other: $43,583

    • Maria Fredericks (Sherman Fairchild Head Of Thaw Conservation)
  • Compensation: $146,773
  • Related: $0
  • Other: $39,793

    • John J Marciari (Charles W Engelhard Curator & Dept.Head)
  • Compensation: $163,757
  • Related: $0
  • Other: $15,977

    • Eileen Curran (Director Of Events)
  • Compensation: $141,965
  • Related: $0
  • Other: $22,611

    • Lawrence R Ricciardi (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard L Menschel (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clement C Moore Ii (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George L K Frelinghuysen (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas J Reid (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mohit Assomull (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susanna Borghese (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • T Kimball Brooker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen B Cohen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • G Scott Clemons (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frederick J Iseman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerker M Johansson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha Mcgarry Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John A Morgan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Morton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric L Motley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane A Nixon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Pennoyer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katharine J Rayner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annette De La Renta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Perret Rosen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joshua W Sommer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert King Steel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beatrice Stern (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alyce Williams Toonk (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.themorgan.org

    Where can I find the form 990 for The Pierpont Morgan Library?

    The 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.

    Impact

    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.




    Saturday, April 13, 2024

    The Pierpont Morgan Library's impact is profound in the preservation, study, and presentation of an extraordinary collection of manuscripts, rare books, music, drawings, and works of art. Through its exhibitions, public programs, and access for researchers, the library stimulates enjoyment, advances learning, and nurtures creativity. The Morgan's holdings, including original scores, artistic works, and historical manuscripts, are among the finest in the world, contributing significantly to the cultural and scholarly landscape. The institution's commitment to curatorial excellence and the promotion of research in specialized areas further solidify its impact in the field.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Colin B Bailey

    Main Address

    225 Madison Avenue, New York, NY, 10016

    NTEE Category

    Code: A51 - Arts