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Metropolitan Museum of Art

Metropolitan Museum of Art

New York, NY 10028
Tax ID13-1624086

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About this organization

Revenue

$515,073,571

Expenses

$491,265,706

Website

metmuseum.org

Mission

The premise on which the museum was founded is 'for the purpose of establishing and maintaining in [New York City] a museum and library of art, of encouraging and developing the study of the fine arts, and the application of arts to manufacture and practical life, of advancing the general knowledge of kindred subjects, and to that end of furnishing popular instruction'.

About

Curatorial departments, including operation of the Cloisters operations of Breuer, conservation, cataloguing and scholarly publications (includes fellowship awards and travel stipends in the amount of $2,965,533) - see schedule O for more information

Interesting data from their 2020 990 filing

According to the filing documents, the non-profit's mission is defined as “The metropolitan museum of art collects, studies, conserves, and presents significant works of art across all times and cultures in order to connect people to creativity, knowledge, and ideas.”.

When referring to its tasks, they were referred to as: “The metropolitan museum of art collects, studies, conserves, and presents significant works of art across all times and cultures; see schedule o for more details”.

  • The non-profit's state of operation has been legally reported as NY.
  • According to the latest filing, the non-profit's address in 2020 is 1000 FIFTH AVENUE, NEW YORK, NY, 100280198.
  • The total number of employees reported by the non-profit on their form for 2020 is 2564.
  • Does not operate a hospital.
  • Does not operate a school.
  • Collects art.
  • Does not provide credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $23,807,865.
  • The CEO compensation policy within the organization is established through an impartial evaluation and approval.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has a foreign financial account.
  • The organization has 44 independent voting members.
  • The organization has a professional fund raiser.
  • The organization was formed in 1870.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $198,105,171 in salary, compensation, and benefits to its employees.
  • The organization pays $15,536,666 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.

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