The Phillips Collection

What it reported doing in 2024

The phillips presented a broad range of programming designed to appeal to the museum's expanding visitor demographic. Education programs help audiences see, create, and engage with art in new and unexpected ways. We gave 875 guided tours and spotlights talks to 6,859 guests. The phillips provides in-depth professional development opportunities on arts integration using the museum's collection and online resources. Professional development opportunities feature artworks from the phillips's special exhibitions and permanent collection and focus on prism.k12, the museum's arts integration strategies and model for culturally responsive teaching (https://www.phillipscollection.org/ prismk12-strategies). Professional development sessions are designed for teachers to easily integrate ideas and activities into their classrooms, and they may take place at the museum, at area schools, or virtually. In 2023-2024, the museum reached 712 teachers through 27 professional development sessions, which included three-hour sessions, fifteen-hour multi-week programs, and a weeklong summer teacher institute. Additionally, the museum has over 50 online lesson plans available through their website that connect across all subject areas. We reached 4,535 pk-12 students within the dc public and charter schools, Maryland, and Virginia during the fiscal year through 139 tours. 61% of those were dc schools. The museum's multi-visit school partnership program, art links, reached 1,632 students from 23 schools and organizations. The phillips collection's workshop and gallery at the town hall education arts recreation campus (thearc) provides a space to view, discuss, make, and exhibit art. Programs are co-created with our partners and participants to encourage authentic community dialogue, community planning, and community action. To the east was a mural retrospective exhibition drawing from the archives of dc murals and dc public library, and the anacostia community museum; sydney vernon exhibition invited viewers into the world of sydney vernon, who superimposed and altered personal family photographs with real and imagined histories of black american culture for further reinterpretation; zsudaka nzinga: home coming / home going presented recent works by nzinga that examined the diverse ways black americans find, define, and establish "home". Digital intersections were created by 3 regional artists and displayed for anyone passing by. From its very inception, the phillips has focused on the healing power of art. Our creative aging partnership with iona senior services, arts for the aging (afta), and several other senior centers across dc served 711 participants across 42 sessions. Iona's new campus near thearc allows the phillips to serve more older adults in wards 7 and 8. Our most popular virtual offering with an average of 70 participants each week is our art-based meditation program, consisting of an art discussion led by the phillips's head of experiential learning and guided meditation led by the museum's resident yoga teacher; 3,749 people participated last year. We also served 1,016 participants through 22 family programs.

Financial Efficiency

• Mission deployment rate: 95.1%; rating input score 95
• Program expense ratio: 74.1%; rating input score 74
• Fundraising efficiency: $5.02 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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: 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: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 34.6%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 7.59; rating input score 89; 89th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
• Officer compensation ratio: 9.2%; rating input score 24; 24th percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 20th percentile among comparable filings
• Revenue growth: 2.1% per year; rating input score 100; 19th percentile among comparable filings
• Asset growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings