Overview
What is Crystal Bridges-Museum Of American Art Inc?
Crystal Bridges-Museum Of American Art Inc is a prominent nonprofit organization located in Bentonville, Arkansas. Known for its mission to explore and illuminate America's artistic heritage, the museum actively collects and exhibits outstanding works of art. In 2022, they acquired 90 new pieces, including 56 photographs, 9 ceramics, and various other mediums. Simultaneously, they borrowed 504 objects from 101 lenders and loaned 61 of their own pieces to institutions across America and Europe. Conservation efforts were a significant focus in 2022, with treatments and examinations conducted on-site for 62 paintings, 60 sculptures, and 43 works on paper. Notable works by artists such as Claes Oldenburg, Edward Hopper, Julie Mehretu, Frank Bowling, Aline Fruhauf, and Betty Woodman received special attention. Outdoors, staff maintained and cleaned 35 artworks, while their online collection provided public access to 83% of their collection, totaling 3,338 artworks. With a team of 508 employees, Crystal Bridges Museum of American Art offers a unique setting that combines the power of art and the beauty of nature. Their commitment to preserving and sharing America's artistic history is evident in their extensive acquisitions, collaborations, and conservation projects.
Official website here: www.crystalbridges.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
Crystal Bridges Museum of American Art Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management despite some strengths in culture and community engagement. The museum has a strong culture score of 98 and demonstrates solid governance practices, including a fully independent board and comprehensive policies on conflict of interest and whistleblowing.
However, the organization struggles with financial sustainability, as evidenced by its low overall score of 53%. While the museum shows effective metrics in certain areas—like an impressive working capital of 27.23 years and a low liabilities-to-assets ratio of 0.01%—the program expense ratio of 40.15% and a fundraising efficiency of only $0.04 per dollar raised raise red flags about its operational efficacy. The compensation of key personnel also appears high relative to its overall financial performance, which could be a concern for potential donors.
On the positive side, Crystal Bridges excels in feedback collection and usage, with perfect scores in these areas, indicating a strong commitment to community input and improvement. The museum’s ability to document and communicate its governance practices further enhances its transparency. Nonetheless, prospective supporters may want to consider the financial challenges indicated by the low accountability score when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Crystal Bridges-Museum Of American Art Inc legitimate?
Crystal Bridges-Museum Of American Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crystal Bridges-Museum Of American Art Inc 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: $940,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,452,157
For more financial information, click here
Official website here: www.crystalbridges.org/
What is the mission statement of Crystal Bridges-Museum Of American Art Inc?
Crystal Bridges Museum of American Art (CBMAA) is dedicated to showcasing the artistic heritage of America by actively collecting, exhibiting, interpreting, and preserving notable works of art. The museum invites all to appreciate the American spirit through art and the beauty of nature. By exploring the unfolding story of America's artistic history, CBMAA sheds light on the country's cultural possibilities. The institution's mission is to make art accessible to all and enrich visitors' understanding of the American artistic legacy.
Official website here: www.crystalbridges.org/
Who is the CEO of Crystal Bridges-Museum Of American Art Inc?
Unavailable
Official website here: www.crystalbridges.org/
What is the revenue of Crystal Bridges-Museum Of American Art Inc?
Crystal Bridges-Museum Of American Art Inc's revenue in 2022 was $60,807,722.
Official website here: www.crystalbridges.org/
Who are the executives of Crystal Bridges-Museum Of American Art Inc and what are their salaries?
The average compensation at Crystal Bridges-Museum Of American Art Inc during 2022 was $34,238. There are 508 employees and 555 volunteers at Crystal Bridges-Museum Of American Art Inc.
Here are 19 key members and their salaries:
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- Other: $17,816
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- Other: $16,202
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- Other: $13,963
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- Other: $21,969
- Compensation: $199,234
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- Other: $23,952
- Compensation: $355,857
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- Other: $18,863
Official website here: www.crystalbridges.org/
Where can I find the form 990 for Crystal Bridges-Museum Of American Art Inc?
Crystal Bridges-Museum Of American Art Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crystalbridges.org/
Learn more at the official website: www.crystalbridges.org/
Mission Statement of Crystal Bridges-Museum Of American Art Inc
Crystal Bridges-Museum Of American Art, or CBMAA, is a renowned institution dedicated to exploring America's artistic heritage by collecting, exhibiting, interpreting, and preserving outstanding works of art. The museum welcomes everyone to celebrate the American spirit through its unique blend of artistic masterpieces and natural beauty.
CBMAA strives to illuminate America's unfolding history by actively acquiring and showcasing artworks that reflect the country's diverse artistic possibilities. In doing so, it offers visitors an enriching experience, inviting them to delve deeper into the stories and cultural contexts behind each piece. By presenting these works, CBMAA seeks to foster a greater appreciation for America's artistic heritage and the role it plays in shaping the nation's identity.
Moreover, CBMAA provides a setting where the power of art is united with the beauty of nature, creating an engaging and inspiring atmosphere for visitors. Through its collections and exhibitions, the museum encourages reflection, dialogue, and learning, making it an essential resource for both art enthusiasts and those new to the world of art. Ultimately, Crystal Bridges-Museum Of American Art serves as a beacon for the American spirit, inviting all to partake in the ongoing discovery of the nation's rich artistic legacy.
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Impact
October, 2024
Crystal Bridges Museum of American Art Inc significantly enriches the cultural landscape of America by exploring and showcasing the nation's artistic heritage. In 2022 alone, the museum acquired 90 diverse works of art, including photographs, ceramics, paintings, sculptures, and textiles, highlighting its commitment to expanding its collection and providing a comprehensive narrative of American art history.
The museum actively engages with the broader art community, borrowing 504 objects from 101 lenders and loaning 61 pieces to institutions across the U.S. and Europe. This exchange fosters collaboration and enhances access to significant artworks, thereby contributing to the global art dialogue.
Conservation efforts are integral to the museum's mission, with a dedicated team conducting extensive treatments and examinations of numerous artworks, including prominent pieces by renowned artists such as Edward Hopper and Julie Mehretu. These efforts not only preserve the integrity of the artworks but also ensure their longevity for future generations.
Crystal Bridges also prioritizes accessibility through its online platform, making 83% of its collection available to the public. This commitment to accessibility allows a wider audience to engage with and appreciate American art, thereby fostering a deeper understanding of the nation's cultural narratives.
In essence, Crystal Bridges serves as a vital hub for artistic exploration and preservation, celebrating the American spirit while connecting individuals to the rich tapestry of the country’s artistic legacy.
This information is meant to be a general summary of Crystal Bridges-Museum Of American Art Inc. 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: $22,865,634
- Program Service Revenue: $2,902,770
- Gross Receipts: $306,279,547
Assets and Liabilities:
- Total Assets: $1,698,318,235
- Total Liabilities: $261,328
- Net Assets: $1,698,056,907
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REPRODUCTION FEES
Revenue
$9,829
PROGRAM REGISTRATION FEES
Revenue
$192,874
EXHIBITION FEE REVENUE
Revenue
$461,914
TICKET SALES
Revenue
$2,204,464
TOURS
Revenue
$20,019
Organization Details
Founding Year
2004
Phone
(479) 418-5726Main Address
600 MUSEUM WAY, BENTONVILLE, AR, 72712
Website
www.crystalbridges.org/NTEE Category
Code: A51 - Arts
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