Overview
What is Indianapolis Museum Of Art Inc?
The Indianapolis Museum of Art Inc, commonly known as Newfields, is a renowned nonprofit organization based in Indianapolis, Indiana. Their mission is to enrich lives through exceptional experiences with art and nature. Newfields operates on a 152-acre cultural campus that boasts art galleries, lush gardens, historic homes, performance spaces, a nature preserve, and a sculpture park. This diverse offering invites guests of all ages to engage with art and nature in unique ways. Newfields is home to the Indianapolis Museum of Art, one of the ten largest and oldest general art museums in the nation. Additionally, it features the Lilly House, a National Historic Landmark, and the Garden, which includes 40 acres of contemporary and historic gardens, a working greenhouse, and an orchard. Newfields extends its reach beyond Indianapolis with Miller House and Garden in Columbus, Indiana. With a team of 530 employees, Newfields offers inspiring exhibitions, concerts, and opportunities to interact with art and nature in exciting new ways.
Official website here: www.discovernewfields.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Indianapolis Museum Of Art Inc has earned a Four-Star rating from Charity Navigator, reflecting strong performance in accountability and financial health. The organization scored 93% in Accountability & Finance, indicating a robust system of oversight and transparency with no reported material diversions of assets. Additionally, the museum excels in its commitment to community engagement, achieving a perfect score in Culture & Community, suggesting a well-established connection with stakeholders.
Strengths of the organization include its independent board, with 93% of members being independent and a significant number of them actively involved in governance. The museum demonstrates excellent practices in feedback collection and usage, along with comprehensive policies regarding conflict of interest and whistleblower protections. Financially, the organization maintains a favorable liabilities to assets ratio and a solid working capital ratio, showcasing its long-term sustainability.
However, while the organization has a strong program expense ratio at 73.45%, its fundraising efficiency ratio of $0.16 may indicate reliance on a limited number of funding sources. This could be viewed as a potential area for improvement to enhance overall fundraising strategies. The donor privacy policy, while posted, has an opt-out system that received a lower score, which may warrant further clarity or reform to bolster donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Museum Of Art Inc legitimate?
Indianapolis Museum Of Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Museum Of 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: $990,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,736,174
For more financial information, click here
Official website here: www.discovernewfields.org
What is the mission statement of Indianapolis Museum Of Art Inc?
The Indianapolis Museum of Art Inc enriches lives through exceptional experiences with art and nature. The organization offers dynamic interactions with art and nature for guests of all ages. Its campus features art galleries, lush gardens, a historic home, performance spaces, a nature preserve, and a sculpture park. Guests are encouraged to engage with art and nature in exciting new ways. The institution is home to the Indianapolis Museum of Art, one of the ten largest and oldest general art museums in the nation. It also includes the Lilly House, a national historic landmark, and the Garden, with 40 acres of contemporary and historic gardens, a working greenhouse, and an orchard. Additionally, the Virginia B. Fairbanks Art and Nature Park, one of the largest art and nature parks in the country, is part of the campus.
Official website here: www.discovernewfields.org
Who is the CEO of Indianapolis Museum Of Art Inc?
Dr Colette Pierce Burnette is the Principal Officer of Indianapolis Museum Of Art Inc. The CEO's salary of Indianapolis Museum Of Art Inc is $235,864 and their total compensation is $259,476.
Official website here: www.discovernewfields.org
What is the revenue of Indianapolis Museum Of Art Inc?
Indianapolis Museum Of Art Inc's revenue in 2022 was $54,487,472.
Official website here: www.discovernewfields.org
Who are the executives of Indianapolis Museum Of Art Inc and what are their salaries?
The average compensation at Indianapolis Museum Of Art Inc during 2022 was $27,786. There are 530 employees and 500 volunteers at Indianapolis Museum Of Art Inc.
Here are 39 key members and their salaries (Indianapolis Museum Of Art Inc's CEO's salary is $235,864 and their total compensation is $259,476):
- Compensation: $842,677
- Related: $0
- Other: $10,591
- Compensation: $243,379
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- Other: $60,173
- Compensation: $235,864
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- Other: $23,612
- Compensation: $228,330
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- Other: $16,377
- Compensation: $193,521
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- Other: $15,625
- Compensation: $167,556
- Related: $0
- Other: $15,067
- Compensation: $156,489
- Related: $0
- Other: $22,529
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- Related: $0
- Other: $16,242
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- Other: $15,018
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Official website here: www.discovernewfields.org
Where can I find the form 990 for Indianapolis Museum Of Art Inc?
Indianapolis Museum Of Art Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.discovernewfields.org
Learn more at the official website: www.discovernewfields.org
Mission Statement of Indianapolis Museum Of Art Inc
The Indianapolis Museum of Art Inc, a renowned cultural institution, enriches lives through exceptional experiences with art and nature. Situated on a sprawling 152-acre campus, this organization offers dynamic interactions with art and nature for visitors of all ages.
Newfields, as the Indianapolis Museum of Art is affectionately known, invites guests to engage with art and nature in innovative ways. The campus boasts a variety of enticing attractions, from inspiring exhibitions in the IMA galleries to concerts in the Toby, and even leisurely strolls through the garden with a refreshing beverage. Newfields is home to the Indianapolis Museum of Art, one of the ten largest and oldest general art museums in the nation, as well as the historic Lilly House, a National Historic Landmark. The garden, spanning 40 acres, features contemporary and historic gardens, a working greenhouse, and an orchard. Additionally, Newfields houses the Virginia B. Fairbanks Art and Nature Park, one of the largest art and nature parks in the country.
By providing access to diverse art collections, tranquil gardens, and captivating performances, the Indianapolis Museum of Art Inc fosters an environment that encourages personal growth, creativity, and appreciation for the beauty of art and nature. Through its dynamic programming and engaging experiences, Newfields continues to enrich the lives of its visitors, making it an essential cultural destination.
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Impact
October, 2024
The Indianapolis Museum of Art Inc significantly enriches lives by offering exceptional experiences with art and nature. Its mission is focused on engaging diverse audiences through dynamic programming and unique interactions in a stunning 152-acre cultural campus. This immersive environment includes art galleries, lush gardens, a historic home, performance spaces, a nature preserve, and a sculpture park, creating a multi-faceted experience for visitors of all ages.
Through its curatorial efforts, the museum emphasizes the study, preservation, and collection of art, ensuring that future generations can enjoy and learn from its resources. The Indianapolis Museum of Art stands as one of the ten largest and ten oldest general art museums in the nation, making it a pivotal cultural institution. Its varied offerings—from inspiring exhibitions and concerts to tranquil strolls in beautifully designed gardens—encourage a deep appreciation for both art and the natural world.
In addition to its main campus, the museum extends its influence beyond Indianapolis to the Miller House and Garden in Columbus, Indiana, further promoting accessibility to cultural experiences. The museum’s multifaceted approach not only fosters community engagement and cultural education but also cultivates a sense of connection among visitors, art, and nature, ultimately enhancing the quality of life in the region.
This information is meant to be a general summary of Indianapolis Museum Of 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: $26,995,624
- Program Service Revenue: $13,354,074
- Gross Receipts: $574,190,235
Assets and Liabilities:
- Total Assets: $522,742,990
- Total Liabilities: $63,254,904
- Net Assets: $459,488,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION FEES
Revenue
$9,957,137
PROJECT INCOME
Revenue
$34,184
RESTAURANT AND CATERING INCOME
Revenue
$1,731,272
RENTAL INCOME
Revenue
$373,283
OTHER INCOME
Revenue
$1,258,198
Organization Details
Founding Year
1883
Phone
(317) 923-1331Principal Officer
Dr Colette Pierce Burnette
Main Address
4000 MICHIGAN RD, INDIANAPOLIS, IN, 46208
Website
www.discovernewfields.orgNTEE Category
Code: A510 - Arts
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