The Morris Museum Inc

What it reported doing in 2024

Exhibitions and education: for complete program profile and impact, see the museum's annual reports on its website: www.morrismuseum.org/our-teamfy2025 was a pivotal period of curatorial excellence and programmatic growth. Artists of international standing and regional roots presented their work, many of whom were working with the museum for the first time. It presented 24 special exhibitions and installations.see statement attached on schedule o.exhibitions and education: for complete program profile and impact, see the museum's annual reports on its website: www.morrismuseum.org/our-teamthe museum presents over 20 special exhibitions and collection installations each year and publishes catalogs for these projects from time to time. Recent offerings ranged from a showcase of contemporary sculpture made in nj to a mid-career retrospective of james prosek and a major survey of the works of 20th century painter sally michel. The 45,000+ collections the museum holds in the public trust include objects of art, design, global material culture, and natural science (minerals, fossils, and biological specimens).the museum's education program emphasizes group visits of k-12 students yet also includes art classes, college and graduate-level internships, two enthusiast-led societies (astronomical and mineralogical), adult and lifelong-learning tours, family festivals, and the creative play experience spark! Lab.fy2025 was a pivotal period of curatorial excellence and programmatic growth. Artists of international standing and regional roots presented their work, many of whom were working with the museum for the first time. It presented 24 special exhibitions and installations.in tandem with this effort, the staff found creative and thoughtful opportunities to feature objects from the 45,000+ collection within contemporary projects. Refreshing the main gallery brought the space to a higher aesthetic befitting the caliber of the exhibiting artists; similar upgrades have made the guinness workshop area ready to host focused projects. There were notable collection acquisitions, the inclusion of 38 collection items on view in our contemporary shows, and 41 lenders propelling our exhibition offerings. Public programming in conjunction with these exhibitions generated additional engagement.continuing its 112-year commitment to education with a dynamic and multifaceted approach, education programs at the museum served a wide range of audiences from young children and families to high school/college/graduate students and older adults. Some of these programs were new initiatives within tour programs, festivals, and professional mentorship. The museum hosted 83 group visits including k-12 students from 69 institutions from across northern and central nj. Our smithsonian spark! Lab welcomed 19,857 visits in the period.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 67.1%; rating input score 67
• Fundraising efficiency: $2.36 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 94.1%; rating input score 94; 24th percentile among comparable filings
• Governance controls: 8 of 8 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: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -58.7%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 3.52; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 6.2%; rating input score 46; 46th percentile among comparable filings

Growth

• Program expense growth: 0.8% per year; rating input score 100; 17th percentile among comparable filings
• Revenue growth: -1.4% per year; rating input score 0; 8th percentile among comparable filings
• Asset growth: -2.2% per year; rating input score 0; 7th percentile among comparable filings