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Fenimore Art Museum
Fenimore Art Museum reported $24.0 million in revenue and $5.8 million in expenses for calendar year 2024. Of every $100 it spent, $30.03 went to program services, $69.97 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 78.3% of the total. The highest compensation it reported for one person was $470,551 (PRESIDENT). 2 people received more than $100,000 in reportable compensation. Revenue rose 407% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.8MFor 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 $24MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 30.0% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 70.0% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 78.3% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.2% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.1% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $470,551 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 8.16% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 124.6 | 36.6 |
| Independent voting board members Part VI 1a–1b | 14 of 16 | 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 expensePublications-to promote and encourage historical research by means of lectures pubications and distribution
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 |
|---|---|---|---|---|
| PRESIDENT Officer, 20.00 hrs/week | $214,750 | $214,851 | $40,950 | $470,551 |
| VICE PRESIDENT Officer, 20.00 hrs/week | $108,510 | $108,618 | $20,202 | $237,330 |
2 people received more than $100,000 in reportable compensation from Fenimore Art Museum (Part VII, line 2). Compensation of current officers, directors and key employees totaled $323K (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–1b16 · 14 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 598
- Volunteers Part I, line 65
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| POSTLER AND JAECKLE CORP Mechanical contractors | $670,356 |
| THE CLARK ESTATES INC Management fees | $517,409 |
| KEY BANK Financial services | $289,154 |
| FR WYCKOFF LLC Construction contractors | $224,754 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to Fenimore Art Museum totaling $19M 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 Fenimore Art Museum's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fenimore Art Museum, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Fenimore Art Museum spent in 2024, $30.03 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Arizona-Sonora Desert MuseumTucson, AZ · revenue $24M · programs 79.5% · FY2025
- Auditorium Theatre of Roosevelt UniversityChicago, IL · revenue $24M · programs 91.5% · FY2025
- Interlochen Arts CampInterlochen, MI · revenue $24M · programs 100.0% · FY2025
- American Public Media GroupSt Paul, MN · revenue $24M · programs 83.7% · FY2025
- Joslyn Art MuseumOmaha, NE · revenue $24M · programs 60.3% · 2024
All arts, culture & humanities charities · Largest charities in New York
Questions people ask
How much of Fenimore Art Museum's spending goes to programs?
In calendar year 2024, Fenimore Art Museum reported that 30.0% of its $5.8 million in expenses went to program services, 70.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Fenimore Art Museum pay its top executive?
The largest total compensation Fenimore Art Museum reported for one person in calendar year 2024 was $470,551, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fenimore Art Museum get its money?
Of $24.0 million in revenue in calendar year 2024, 78.3% came from contributions and grants (including 0.2% from government grants) and 2.1% from program service revenue (Form 990, Part VIII).
Is Fenimore Art Museum a registered charity?
The IRS lists EIN 15-0539110 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 202513219349302796 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413179349302231 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349303628 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223149349303287 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349306888 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033219349301248 · read the filing
All filings for EIN 15-0539110: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.