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Musical Instrument Museum
Musical Instrument Museum reported $41.1 million in revenue and $21.0 million in expenses for calendar year 2024. Of every $100 it spent, $82.59 went to program services, $14.03 to management and general costs and $3.38 to fundraising. Its largest source of revenue was contributions and grants: 64.8% of the total. The highest compensation it reported for one person was $268,857 (EXECUTIVE DIRECTOR/TREASURER). 5 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $21MFor 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 $41MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.6% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.0% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.4% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 64.8% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 20.1% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $268,857 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.28% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 112.7 | 36.6 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 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 expenseGalleries and special exhibitions: more than 300 displays with state-of-the-art audio-visual technology immerse guests in music from every country in the world. Temporary special exhibitions dive deeper into musical topics through original storytelling. Hands-on galleries invite guests to make their own music
Mim music theater: mim offers over 300 concerts yearly in an intimate, acoustically superb environment. Performances are curated to bring the galleries to life, connecting audiences to diverse live programming from local, national, and international artists
Education and public programs: people of all ages learn through music at mim. Education offerings include children's classes, a student field trip program that welcomes up to 70,000 participants annually, teacher professional development workshops, and educational experiences for adults and seniors. Weekend public programs called signature events bring the community together to celebrate world cultures, musical genres, and iconic artists
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 |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR/TREASURER Officer, 40.00 hrs/week | $235,125 | $0 | $33,732 | $268,857 |
| DEPUTY DIRECTOR & CHIEF CURATOR Highest compensated employee, 40.00 hrs/week | $220,985 | $0 | $21,179 | $242,164 |
| DIRECTOR OF HR (LEFT 9/2024) Highest compensated employee, 40.00 hrs/week | $134,784 | $0 | $10,633 | $145,417 |
| CHIEF ENGAGEMENT OFFICER Highest compensated employee, 40.00 hrs/week | $128,155 | $0 | $14,254 | $142,409 |
| RETAIL OPERATIONS DIRECTOR Highest compensated employee, 40.00 hrs/week | $105,140 | $0 | $26,565 | $131,705 |
5 people received more than $100,000 in reportable compensation from Musical Instrument Museum (Part VII, line 2). Compensation of current officers, directors and key employees totaled $277K (Part IX, line 5).
1 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–1b10 · 10 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 11aNo
- Family or business ties among insiders Part VI 2No
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5115
- Volunteers Part I, line 6533
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SENNHEISER ELECTRONIC CORPORATION Guideport advancement services | $4,902,690 |
| SENTINEL TECHNOLOGIES INC It contractor services | $515,499 |
| WD MANOR MECHANICAL CONTRACTORS INC Facilities maintenance | $338,315 |
| OPENWORKS Janitorial services | $312,896 |
| GARDAWORLD SECURITY SERVICES Security personnel services | $272,166 |
Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.
Private foundation grants it received
35 private foundations reported grants to Musical Instrument Museum totaling $456K 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 Musical Instrument 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 Musical Instrument Museum, you can publish a response that is linked from this page.
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Of every $100 Musical Instrument Museum spent in 2024, $82.59 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Musical Instrument Museum's spending goes to programs?
In calendar year 2024, Musical Instrument Museum reported that 82.6% of its $21.0 million in expenses went to program services, 14.0% to management and general and 3.4% to fundraising (Form 990, Part IX).
How much does Musical Instrument Museum pay its top executive?
The largest total compensation Musical Instrument Museum reported for one person in calendar year 2024 was $268,857, for the role of EXECUTIVE DIRECTOR/TREASURER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Musical Instrument Museum get its money?
Of $41.1 million in revenue in calendar year 2024, 64.8% came from contributions and grants (including 0.1% from government grants) and 20.1% from program service revenue (Form 990, Part VIII).
Is Musical Instrument Museum a registered charity?
The IRS lists EIN 16-1743588 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202503179349311210 · read the filing · XML
All filings for EIN 16-1743588: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.