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Solomon R Guggenheim Foundation
Solomon R Guggenheim Foundation reported $88.2 million in revenue and $84.9 million in expenses for calendar year 2024. Of every $100 it spent, $66.42 went to program services, $26.36 to management and general costs and $7.22 to fundraising. Its largest source of revenue was contributions and grants: 45.4% of the total. The highest compensation it reported for one person was $946,303 (DIRECTOR/CEO). 49 people received more than $100,000 in reportable compensation. Revenue rose 4% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $85MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $88MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 66.4% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 26.4% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.2% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.15 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 45.4% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 39.1% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $946,303 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.11% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 49 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.4 | 36.6 |
| Independent voting board members Part VI 1a–1b | 26 of 27 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseDuring 2024, the foundation directly operated two museums: the solomon r. Guggenheim museum in new york and the peggy guggenheim collection in venice. Both museums are open to the public, conduct tours of exhibitions and provide educational texts free of charge in fullfilment of the foundation's mission. The guggenheim museum was open to thepublic one evening of each week on a pay-what-you-wish basis. Children under the age of 12 are admitted for free. (continued on schedule o)
As part of its mission, the foundation collects and preserves art for the benefit of the public in several ways. The foundation studies the art in the foundation's possession and plans exhibitions for public viewing. The foundation also lends many of the works of art in its collection to other museums on the occasion of special exhibitions that are of scholarly merit or that will broaden the public's appreciation of art. The foundation maintains extensive climate-controlled, highly secure storage facilities for the art in its collection. It also operates a photography studio for the…
The foundation's education and public programming departments engaged the general public through programs for schools, youth, teens, family and adult audiences. (continued on schedule o)
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR/CEO Director/trustee, officer, 40.00 hrs/week | $663,303 | $0 | $283,000 | $946,303 |
| DIRECTOR EMERITUS Former, 0.00 hrs/week | $737,425 | $0 | $0 | $737,425 |
| DEP DIR, CFO AND INTERIM COO Officer, 40.00 hrs/week | $472,656 | $0 | $60,681 | $533,337 |
| DEP DIR, GEN COUNSEL & SEC. Officer, 40.00 hrs/week | $472,290 | $0 | $42,335 | $514,625 |
| DEP DIR & STOCKMAN CHIEF CURATOR Key employee, 40.00 hrs/week | $412,922 | $0 | $45,415 | $458,337 |
| DIR, PEGGY GUGGENHEIM COLLECTION Key employee, 40.00 hrs/week | $243,531 | $0 | $105,603 | $349,134 |
| DEP DIR&ENGELBERG DIR EDUC&PUB ENG Highest compensated employee, 40.00 hrs/week | $246,337 | $0 | $50,178 | $296,515 |
| CULTURE & INCL. OFFICER (THRU 08/24) Highest compensated employee, 40.00 hrs/week | $262,818 | $0 | $16,888 | $279,706 |
49 people received more than $100,000 in reportable compensation from Solomon R Guggenheim Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b27 · 26 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5588
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| AMS INTERNATIONAL Contract staffing | $2,412,760 |
| CROTHALL HEALTHCARE Janitorial | $1,161,061 |
| ALLIED UNIVERSAL Security | $1,133,896 |
| KIBOWORKS Fabrication | $913,025 |
| FRAMESTORE Consulting | $609,500 |
Individuals listed as contractors are left out. 31 contractors were paid more than $100,000 in all.
Private foundation grants it received
74 private foundations reported grants to Solomon R Guggenheim Foundation totaling $2.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Solomon R Guggenheim Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Solomon R Guggenheim Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Solomon R Guggenheim Foundation spent in 2024, $66.42 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Denver Art MuseumDenver, CO · revenue $87M · programs 83.6% · FY2025
- Playhouse Square FoundationCleveland, OH · revenue $89M · programs 88.5% · FY2025
- The Detroit Institute of ArtsDetroit, MI · revenue $86M · programs 69.3% · FY2025
- Denver Center for the Performing ArtsDenver, CO · revenue $89M · programs 86.1% · FY2025
- Minnesota Historical SocietySaint Paul, MN · revenue $85M · programs 77.6% · FY2025
All arts, culture & humanities charities · Largest charities in New York
Questions people ask
How much of Solomon R Guggenheim Foundation's spending goes to programs?
In calendar year 2024, Solomon R Guggenheim Foundation reported that 66.4% of its $84.9 million in expenses went to program services, 26.4% to management and general and 7.2% to fundraising (Form 990, Part IX).
How much does Solomon R Guggenheim Foundation pay its top executive?
The largest total compensation Solomon R Guggenheim Foundation reported for one person in calendar year 2024 was $946,303, for the role of DIRECTOR/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Solomon R Guggenheim Foundation get its money?
Of $88.2 million in revenue in calendar year 2024, 45.4% came from contributions and grants (including 0.6% from government grants) and 39.1% from program service revenue (Form 990, Part VIII).
Is Solomon R Guggenheim Foundation a registered charity?
The IRS lists EIN 13-5562233 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503179349302825 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413169349303246 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313179349308961 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243159349300804 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103139349304435 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033149349301053 · read the filing
All filings for EIN 13-5562233: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.