Baltimore Museum of Art

Nonprofit profile at a glance

EIN
526000162
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Baltimore, MD, USA
Phone
4435731849
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Art Museums

Official website

Reported finances

Revenue
$31,764,477
Expenses
$24,436,323
Assets
$222,677,637
Liabilities
$3,240,499

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

46 people listed

Executive titles in this filing

  • ELLEN R DAME (VICE PRESIDENT)
  • AMY GOULD (VICE PRESIDENT)
  • PATRICIA LASHER (VICE PRESIDENT)
  • JOHN MEYERHOFF (VICE PRESIDENT)
  • STEVEN K PULIMOOD (VICE PRESIDENT)
  • KATE SCHULZE (VICE PRESIDENT)

Highest reported compensation

  • ASMA NAEEM (EXECUTIVE DIRECTOR): $415,656 total reported compensation
  • CHRISTINE BONANNO (CHIEF OPERATING OFFICER): $311,471 total reported compensation
  • ELIZABETH CALLIHAN (CHIEF EDUCATION OFFICER): $192,683 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The baltimore museum of art connects art to baltimore and baltimore to the world, embodying a commitment to artistic excellence and social equity in every decision from art presentation, interpretation, and collecting, to the composition of our board of trustees, staff, and volunteers - creating a museum welcoming to all.

What it reported doing in 2024

Educationthe baltimore museum of art advanced its role as a leading educational resource in fy25 by expanding programs for statewide engagement for nearly 13,000 students from baltimore city and nine Maryland counties, as well as 7,900 participants in public programs. The patricia and mark joseph education center is the locus for educational programs at the bma as an entry point for student groups, a classroom for artmaking, and a gallery for interactive learnings. Signature school programs - including close encounters and literacy through art - served 800 students from baltimore city and county, while art-to-go resources reached 3,300 educators across Maryland and beyond. Teacher workshops and professional development initiatives connected hundreds of educators with the museum's collections and exhibitions, strengthening the integration of art into classrooms throughout the state.the bma also deepened engagement through interpretation with robust digital guides for several exhibitions offered on the museum's website and through bloomberg connects. These resources expand the bma's impact beyond the classroom through robust public programming and artist and community partnerships at the lexington market satellite as well as the building on art museum drive. Free family sundays, community celebrations, and art after hours collectively welcomed thousands of participants, while public school exhibitions showcased k-12 student talent from 228 schools across baltimore city and baltimore county. Adult tours, university collaborations, and new accessibility initiatives underscored the bma's commitment to inclusive learning and reinforced the museum's position as a vital cultural and educational resource for communities throughout Maryland.gallery learningstudents of all ages explored the bma's exhibitions and collections in fy25, either led by a museum educator or on a self-guided visit. Expanded outreach to regional colleges and universities has substantially increased use of the nancy dorman and stanley mazaroff center for prints, drawings and photographs and the ruth r. Marder center for matisse studies. 7,412 pre-k-12 and youth group participants1,474 pre-k-12 and youth group virtual tour participants26 colleges and universities174 college and university visits2,361 college student participantsteacher workshopsteacher workshops and professional development opportunities are designed to support understanding of the bma's collections and exhibitions, teaching with art, and how to use the bma as a learning resource. Teachers receive extensive background information and participate in creative activities that spark new thinking about ways to integrate art into their curriculum and develop the creative capacities of their students. 57 teacher workshop participants 37 teacher showcase participants14,131 students impactedart-to-goart-to-go is a monthly activity designed to provide teachers with a fun, free resource for the classroom. Every month from october to may, they receive an email with the latest activity. Each art-to-go comes with a printable full-color image of a bma artwork, background on the collection item, and an activity designed around a single, important, teachable idea. 3,299 subscribersfamily programsone of the bma's most popular programs, free family sundays is designed to teach children how to think, see, and make like artists. The museum began offering baby art dates in fy25 and they quickly filled up with infants and caregivers looking for interactive experiences. All workshops are led by teaching artists and inspired by exhibitions and the collections. 4,165 free family sunday participants 387 baby art date participantsclose encounters close encounters is a multiple-visit program for fourth-grade students in partnership with baltimore city public schools. Launched in 1982, the program has engaged students from 117 elementary schools from across baltimore city. In fy25, each school had three close encounters session

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 56
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 78.6%; rating input score 79
  • Fundraising efficiency: $10.58 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • 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; 66th 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: 23.1%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 9.11; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 78.6% of spending went to programs
  • Governance: 36 of 36 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $19.2M in reported program spending
  • Leadership: top reported pay $416K · 46 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.3M reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.