Phoenix Art Museum

Nonprofit profile at a glance

EIN
860072608
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Phoenix, AZ, USA
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Art Museums

Official website

Reported finances

Revenue
$14,061,467
Expenses
$15,844,113
Assets
$8,901,543
Liabilities
$5,032,774

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

Leadership & pay

53 people listed

Executive titles in this filing

  • JEREMY MIKOLAJCZAK (THE SYBIL HARRINGTON DIRECTOR & CEO)

Highest reported compensation

  • JEREMY MIKOLAJCZAK (THE SYBIL HARRINGTON DIRECTOR & CEO): $436,032 total reported compensation
  • OLGA VISO (CHIEF CURATOR): $331,871 total reported compensation
  • HARMONY DELEON (DEPUTY DIRECTOR & CHIEF ADVANCEMENT OFFICER): $311,907 total reported compensation

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

Overview

Mission

Phoenix art museum creates spaces of exchange and belonging for all audiences through dynamic exhibitions, collections, and experiences with art. This mission is supported by seven strategic pillars:(continued on schedule o)1. Be a space of belonging.2. Practice thoughtful collection stewardship.3. Present impactful art experiences.4. Serve as a center for enrichment and community-focused engagement.5. Prioritize institutional capacity and agility.6. Serve as a model for good governance and management.7. Strengthen financial sustainability.

What it reported doing in 2024

Collections and exhibitions: phoenix art museum is a nonprofit museum founded in 1959. The main purpose of the museum is to engage the broadest segment of the population with the historical and aesthetic attributes of the visual and associated performing arts. Our fine arts collection consists of more than 21,000 purchased and donated works of asian, latin american, european, american, modern, and contemporary art and fashion. On average, the museum has welcomed 300,000 visitors per year for the past decade.in fy25, exhibition highlights included: the world of anna sui, showcasing the rock-and-roll-inspired fashions from the personal archive of the iconic american designer. Greatest fits: the art of archiving fashion, a "living" exhibition of rotating ensembles that showcase more than 100 of the fashion collection's finest works charlies gaines: 1992 2023, illuminating the career of a preeminent figure in contemporary art widely known for converting images and text-based documents into numerical structures, musical notations, and other sign systems through rigorous translation mechanisms. Charles gaines: numbers and trees (Arizona series), showcasing gaines' new series features eight large-scale triptychs depicting cottonwoods that were photographed along the san pedro river outside sierra vista, az. The collection: keith haring, celebrating the impactful relationship between the pop artist and phoenix art museum in the 1980s. Richard avedon: among creatives, highlighting the work of one of the most influential photographers of the 20th century, renowned for capturing the vulnerability of celebrity subjects and creative icons. Larry bell: improvisations, showcasing glass sculptures and collage works by one of the most influential artists to emerge from the light and space movement.

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 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: 77
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 13
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.1%; rating input score 87
  • Program expense ratio: 74.8%; rating input score 75
  • Fundraising efficiency: $8.28 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

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: -12.7%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.56; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 13.4%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: -1.9% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 87.1% of revenue deployed · 74.8% of spending went to programs
  • Governance: 43 of 43 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $11.9M in reported program spending
  • Leadership: top reported pay $436K · 53 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors 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
  • Related organizations: 2 filed related-organization links
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.