Overview
What is Solomon R Guggenheim Foundation?
The Solomon R. Guggenheim Foundation, situated in New York City, is a renowned nonprofit organization dedicated to the collection, preservation, and dissemination of art for public benefit. Through its extensive activities, the Foundation studies the art in its possession and stages international exhibitions for public viewing. The Foundation lends works from its collection to other museums for special exhibitions and maintains climate-controlled, highly secure storage facilities for the art. Additionally, the organization operates a photography studio to document art and archives, making photographic records available to the public for publication or study. With a workforce of approximately 536 employees, the Solomon R. Guggenheim Foundation is committed to promoting innovation and broadening the public's appreciation of art.
Official website here: www.guggenheim.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 93%, Four-Star out of Four Star rating.
The Solomon R Guggenheim Foundation has received a strong rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 93%, the foundation demonstrates solid governance practices, including a predominantly independent board and comprehensive oversight measures in place. Transparency is highlighted by their meticulous financial reporting and policies around conflict of interest, with no material diversions of assets reported.
Strengths of the foundation include a high program expense ratio of 66.34%, ensuring that a significant portion of funds is directed towards its mission-driven activities. Additionally, the organization showcases efficient fundraising with a low fundraising cost of $0.12 per dollar raised. However, it is noted that the foundation lacks a donor privacy policy, which could be a concern for some potential supporters who prioritize confidentiality in their contributions.
While the foundation exhibits robust financial practices and governance, there is room for improvement in areas related to donor privacy. Overall, the Solomon R Guggenheim Foundation is positioned as a reputable nonprofit that effectively manages its resources to support its cultural and educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Solomon R Guggenheim Foundation legitimate?
Solomon R Guggenheim Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solomon R Guggenheim Foundation 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: $3,600,455
Professional Fundraising Fees: $137,405
Other Salaries and Wages: $26,175,694
For more financial information, click here
Official website here: www.guggenheim.org
What is the mission statement of Solomon R Guggenheim Foundation?
The Solomon R Guggenheim Foundation is dedicated to innovation and advances the world of art through various means. A significant aspect of its mission involves collecting and preserving art for public benefit. The foundation analyzes the art within its collection and organizes international exhibitions for public viewing. It also lends works of art from its collection to other museums for special exhibitions of scholarly merit or those aimed at broadening the public's appreciation of art. Extensive climate-controlled storage facilities ensure the art's safety, and a photography studio documents the art and archives, with photographs made accessible to the public for publication or study.
Official website here: www.guggenheim.org
Who is the CEO of Solomon R Guggenheim Foundation?
Richard D Armstrong is the Principal Officer of Solomon R Guggenheim Foundation.
Official website here: www.guggenheim.org
What is the revenue of Solomon R Guggenheim Foundation?
Solomon R Guggenheim Foundation's revenue in 2022 was $75,933,810.
Official website here: www.guggenheim.org
Who are the executives of Solomon R Guggenheim Foundation and what are their salaries?
The average compensation at Solomon R Guggenheim Foundation during 2022 was $55,553. There are 536 employees at Solomon R Guggenheim Foundation.
Here are 41 key members and their salaries:
- Compensation: $819,010
- Related: $0
- Other: $771,418
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $385,110
- Related: $0
- Other: $32,210
- Compensation: $384,352
- Related: $0
- Other: $45,654
- Compensation: $114,641
- Related: $0
- Other: $3,659
- Compensation: $233,569
- Related: $0
- Other: $99,311
- Compensation: $358,471
- Related: $0
- Other: $52,785
- Compensation: $306,127
- Related: $0
- Other: $23,349
- Compensation: $309,504
- Related: $0
- Other: $16,342
- Compensation: $296,946
- Related: $0
- Other: $3,894
- Compensation: $251,871
- Related: $0
- Other: $12,137
- Compensation: $232,317
- Related: $0
- Other: $42,945
- Compensation: $200,923
- Related: $0
- Other: $20,833
- Compensation: $185,929
- Related: $0
- Other: $0
- Compensation: $230,000
- Related: $0
- Other: $0
Official website here: www.guggenheim.org
Where can I find the form 990 for Solomon R Guggenheim Foundation?
Solomon R Guggenheim Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.guggenheim.org
Learn more at the official website: www.guggenheim.org
Mission Statement of Solomon R Guggenheim Foundation
The Solomon R. Guggenheim Foundation is dedicated to innovation and collects art for the public's benefit. This esteemed organization studies the art in its possession, planning international exhibitions for public viewing. By lending many of the works of art in its collection to other museums for special exhibitions, the Foundation broadens the public's appreciation of art. The Foundation ensures the preservation of these valuable pieces by maintaining extensive climate-controlled, highly secure storage facilities. Furthermore, it operates a photography studio for the documentation of art and archives, making photographs available to the public for publication or study.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Solomon R. Guggenheim Foundation plays a pivotal role in the art world through its commitment to innovation and preservation. By collecting and safeguarding significant works of art, the Foundation ensures that they remain accessible to the public, contributing to a greater appreciation of cultural heritage.
It conducts extensive research on its collection and curates international exhibitions, facilitating public engagement and education about art. Additionally, the Foundation lends pieces from its collection to other museums, enhancing scholarly discourse and broadening exposure to diverse artistic expressions.
Its dedicated climate-controlled storage and documentation facilities allow for meticulous care of artworks, promoting both preservation and accessibility for future generations. Through these efforts, the Foundation not only enriches the cultural landscape but also encourages ongoing public discourse and appreciation of the arts, making a lasting impact on communities in New York and beyond.
This information is meant to be a general summary of Solomon R Guggenheim Foundation. 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: -$310,705
- Program Service Revenue: $28,149,438
- Gross Receipts: $94,636,094
Assets and Liabilities:
- Total Assets: $232,151,018
- Total Liabilities: $111,230,668
- Net Assets: $120,920,350
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION INCOME
Revenue
$16,487,137
MUSEUM AND PROGRAM COLLABORATIONS
Revenue
$8,534,194
EXHIBITIONS
Revenue
$3,128,107
Organization Details
Founding Year
1937
Phone
(212) 360-4216Principal Officer
Richard D Armstrong
Main Address
1071 FIFTH AVENUE, NEW YORK, NY, 10128
Website
www.guggenheim.orgNTEE Category
Code: A510 - Arts
If you are a representative of Solomon R Guggenheim Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.