Munson

What it reported doing in 2024

Museum of art - the munson museum of art fy 24/25 was full of exciting exhibitions, dynamic acquisitions, and thousands of new visitors to our galleries. Exhibitions explored various subjects, periods, and materials with an emphasis on 19th and 20th century american works of art. The summer season opened with an intriguing show of masterpieces of 19th century american landscape paintings from the New York historical society. This exhibition was followed by modern women/modern vision: photographs from the bank of america collection, which featured the work of influential women photographers from the 20th century. Munson also hosted a traveling exhibition from the smithsonian titled voices and votes: democracy in america to coincide with the federal election day in november. The annual victorian yuletide installation, which attracted many guests to fountain elms, the home of the founding family, was on view throughout the holiday season. The spring saw the presentation of two exhibitions highlighting masterworks drawn from munson's permanent collection: portraits of flora: flowers in american art; and canvas to culture: thomas cole's voyage of life lives on. Additional exhibitions of contemporary art were featured in the pratt munson gallery. The rich array of programs offered by the museum education department reached nearly 12,000 visitors in this fiscal year. The education department has four full-time professional staff and 25 volunteer docents. The department produced an array of programs that enhanced the understanding and appreciation of exhibitions and the museum's collection. The varied events included art in bloom, art and yoga, art alive family days, art story (a reading and looking storytime for preschoolers), lectures, workshops, artist demonstrations, films, and meet me at munson, a program that serves individuals with memory loss. Numerous gifts and several purchases were added to the museum of art's permanent collection, including an important new work by contemporary american ceramic sculptor, roberto lugo, adding to the diversity of the artists included in the museum's collections.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 92.2%; rating input score 92
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• 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: 13.1%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 8.68; rating input score 90; 90th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 79; 79th percentile among comparable filings
• Officer compensation ratio: 5.8%; rating input score 44; 44th percentile among comparable filings

Growth

• Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 5.7% per year; rating input score 100; 50th percentile among comparable filings
• Asset growth: 1.3% per year; rating input score 100; 15th percentile among comparable filings