New Orleans Museum of Art

Nonprofit profile at a glance

EIN
726000331
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
New Orleans, LA, USA
Phone
5046584101
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Art Museums

Official website

Reported finances

Revenue
$9,981,201
Expenses
$13,087,681
Assets
$105,806,358
Liabilities
$4,624,502

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

Leadership & pay

47 people listed

Executive titles in this filing

  • D BRENT WOOD (BOARD MEMBER - PRESIDENT)
  • EDGAR DOOK CHASE IV (BOARD MEMBER - VICE PRESIDENT)

Highest reported compensation

  • SUSAN M TAYLOR (THE MONTINE MCDANIEL FREEMAN DIRECTOR): $552,845 total reported compensation
  • LISA ROTONDO-MCCORD (DEPUTY DIRECTOR FOR CURATORIAL AFFAIRS): $185,196 total reported compensation
  • WILLIAM BROTHERS (CHIEF FINANCIAL OFFICER): $164,539 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 mission of the new orleans museum of art is to inspire the love of art; to collect, preserve, exhibit and present excellence in the visual arts; to educate, challenge and engage a diverse public.

What it reported doing in 2024

Collection department services & acquisitions: the heart of noma is its fine art collection. The museum employs a professional curatorial staff whose function is to care for its collections; carry out research on the objects in the collection; organize special exhibitions on particular subjects or themes to present numerous and diverse opportunities for visitors to engage with works of art; write scholarly interpretative articles, catalogues and books on art subjects; recommend and oversee needed restoration and conservation treatment on objects in the collection; cultivate and advise private art collectors and encourage donations; seek out and recommend objects for acquisition or deaccession by the museum.the museum has developed an accession policy for acquiring works of art either through purchase or by gift with a goal of continuing to augment its holdings in the areas of its strengths rather than inaugurating new areas.the museum has focused its collecting activities in several specialized areas; by focusing on continuing to upgrade in these selected areas, the museum has been able to assemble an important collection of both quality and depth.while art purchases are essentially limited to the designated areas of specialization, the board and staff are always willing to consider new areas of collecting as opportunities arise, particularly through donations. The overriding criterion for purchase or acceptance of gifts is the quality of individual works of art.the eight areas of collection specialization are: european art from the 16th through 21st centuries (particularly the works of the french school); the arts of the americas (pre-columbian, latin american, and american painting and sculpture); african and oceanic art; asian art (particularly chinese and japanese of the edo period 1615-1867); photography; decorative arts; graphics and sculpture.the director of the museum, in consultation with the curatorial staff, recommends all purchases and gifts to the accessions committee of the board of trustees for their approval or disapproval. The full board then approves the recommendations of the accessions committee.

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 99% 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 the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 83
  • Accountability: 95
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.9%; rating input score 85
  • Program expense ratio: 60.6%; rating input score 61
  • Fundraising efficiency: $4.61 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • 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; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -31.1%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 8.08; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 9.1%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 84.9% of revenue deployed · 60.6% of spending went to programs
  • Governance: 42 of 42 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $7.9M in reported program spending
  • Leadership: top reported pay $553K · 47 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $595K reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.