Home › Arts, culture & humanities
North Carolina Museum of Art Foundation
North Carolina Museum of Art Foundation reported $32.3 million in revenue and $25.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.79 went to program services, $16.81 to management and general costs and $8.40 to fundraising. Its largest source of revenue was contributions and grants: 75.9% of the total. The highest compensation it reported for one person was $225,259 (CFO). 5 people received more than $100,000 in reportable compensation. Revenue rose 159% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $25MFor 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
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $32MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.8% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.8% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.4% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 75.9% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.4% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $225,259 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.90% | 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 | 46.3 | 36.6 |
| Independent voting board members Part VI 1a–1b | 27 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
FY2025 · Form 990, Part III · the three largest programs by expenseThe Museum of Art is partially supported by state appropriations that largely fund state staff positions and their related benefits, and a portion of the operating costs of running the museum. The foundation provides the majority of financial support needed for education, curatorial, programming and marketing of the museum including support for statewide and museum-based education programming, special traveling art exhibitions, supplemental art conservations funds, and public programming. The foundation also cultivates donors for commissioned works of art and contributions for art…
The foundation manages approximately 33 acres of real estate adjacent to the museum park, which encompasses landscaping and parking
The North Carolina Museum of Art Foundation provides oversight management to the outsourced on-site full service restaurant and concession food services. The North Carolina Museum of Art Foundation provides day-to-day management of the museum's retail store. In addition, the foundation also plans and manages a portfolio of special events inclusive of corporate rentals, conferences weddings, donor cultivation events, and membership programming
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| CFO Officer, 40.00 hrs/week | $202,491 | $0 | $22,768 | $225,259 |
| CEO Officer, 40.00 hrs/week | $183,211 | $0 | $5,526 | $188,737 |
| DIRECTOR OF NCMA CAMPAIGN Highest compensated employee, 40.00 hrs/week | $139,399 | $0 | $14,164 | $153,563 |
| DIRECTOR OF IT Highest compensated employee, 40.00 hrs/week | $101,035 | $0 | $16,275 | $117,310 |
| DIRECTOR OF DEVELOPMENT (THRU 5/24) Highest compensated employee, 40.00 hrs/week | $107,432 | $0 | $6,951 | $114,383 |
5 people received more than $100,000 in reportable compensation from North Carolina Museum of Art Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $436K (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
FY2025 · 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 · 27 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 4Yes
- 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 582
- Volunteers Part I, line 699
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| I HEAR MUSIC INC Concert talent | $790,236 |
| TRANSPORT CONSULTANTS INTERNATIONAL INC Art transport | $260,460 |
| TELEPATHIC GRAPHICS INC Graphic design & printing | $200,979 |
| CATE SERVICES & CONSTRUCTION LLC Ampitheater maintenance | $191,781 |
| TESSITURA NETWORK INC Crm system | $171,858 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to North Carolina Museum of Art Foundation totaling $497K 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 North Carolina Museum of Art 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 North Carolina Museum of Art Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 North Carolina Museum of Art Foundation spent in FY2025, $74.79 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- The American Theatre GuildKansas City, MO · revenue $32M · programs 83.0% · FY2025
- Roof AboveCharlotte, NC · revenue $33M · programs 87.8% · FY2025
- Chicago Theatre GroupChicago, IL · revenue $32M · programs 77.9% · FY2025
- Artspace ProjectsMinneapolis, MN · revenue $33M · programs 53.4% · 2024
- Indiana Symphony SocietyIndianapolis, IN · revenue $32M · programs 84.5% · FY2025
All arts, culture & humanities charities · Largest charities in North Carolina
Questions people ask
How much of North Carolina Museum of Art Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, North Carolina Museum of Art Foundation reported that 74.8% of its $25.1 million in expenses went to program services, 16.8% to management and general and 8.4% to fundraising (Form 990, Part IX).
How much does North Carolina Museum of Art Foundation pay its top executive?
The largest total compensation North Carolina Museum of Art Foundation reported for one person in the fiscal year ending June 30, 2025 was $225,259, for the role of CFO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does North Carolina Museum of Art Foundation get its money?
Of $32.3 million in revenue in the fiscal year ending June 30, 2025, 75.9% came from contributions and grants and 3.4% from program service revenue (Form 990, Part VIII).
Is North Carolina Museum of Art Foundation a registered charity?
The IRS lists EIN 23-7071511 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600929349300345 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510979349301536 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431009349301003 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301169349301440 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231119349300348 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349302609 · read the filing
All filings for EIN 23-7071511: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.