Brooklyn Museum

What it reported doing in 2024

Curatorial and educational curatorial - the brooklyn museum studies, preserves and exhibits a vast and comprehensive collection that spans nearly 6,000 years of history and represents cultures from around the globe. Permanent installations present the museum's collections of arts of the americas and europe; arts of ancient egypt, africa, asia, and the middle east; contemporary, and feminist art. Several of the museum's collections are considered to be among the highest quality in the world, including its american and egyptian art collections. (continued in schedule o)traveling exhibitions provide unique opportunities for audiences from across the globe to experience works from the museum's renowned collection. Education - innovative education and public programs serve students, teachers, families and adults this year. Through exploring the collection and special exhibitions and through hands-on art-making, these programs strengthen classroom learning and promote lifelong connections to the visual arts. Nationally recognized programs such as first saturdays has become one of the most beloved brooklyn programs, hosting approximately 1.5 million visitors since its debut in 1988. Education programs are central to the museum's mission of focusing and enriching the experiences of our visitors.

Financial Efficiency

• Mission deployment rate: 87.4%; rating input score 87
• Program expense ratio: 68.8%; rating input score 69
• Fundraising efficiency: $7.09 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Missing
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: Scored; rating input score 0
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -15%; rating input score 5; 5th percentile among comparable filings
• Total-asset coverage ratio: 5.64; rating input score 86; 86th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 86; 86th percentile among comparable filings
• Officer compensation ratio: 4.9%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: 3.8% per year; rating input score 100; 29th percentile among comparable filings
• Revenue growth: 3.9% per year; rating input score 100; 32nd percentile among comparable filings
• Asset growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings