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Arkansas Museum of Fine Arts Foundation
Arkansas Museum of Fine Arts Foundation reported $8.2 million in revenue and $9.6 million in expenses for calendar year 2024. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 62.4% of the total. The highest compensation it reported for one person was $316,112 (SECRETARY). Revenue fell 59% between FY2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $9.6MFor 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 $8.2M- Contributions & grants (non-government)$61.53 $5.1M
- Government grants$0.81 $66,720
- Investment income$37.66 $3.1M
Other revenue was negative: −$8,773. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 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 | 62.4% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.8% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $316,112 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.30% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 77.3 | 36.6 |
| Independent voting board members Part VI 1a–1b | 9 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 expenseHighest 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 |
|---|---|---|---|---|
| SECRETARY Director/trustee, officer, 0.30 hrs/week | $0 | $316,112 | $0 | $316,112 |
0 people received more than $100,000 in reportable compensation from Arkansas Museum of Fine Arts Foundation (Part VII, line 2).
5 filings since FY2021
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 · 9 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 15aNo
- Board given the 990 before filing Part VI 11aNo
- 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 4No
- 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 50
- Volunteers Part I, line 610
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| STEPHENS INC Investment services | $221,470 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
10 private foundations reported grants to Arkansas Museum of Fine Arts Foundation totaling $1.1M 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 Arkansas Museum of Fine Arts 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 Arkansas Museum of Fine Arts Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Arkansas Museum of Fine Arts Foundation spent in 2024, $100.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Indiana Repertory TheatreIndianapolis, IN · revenue $7.9M · programs 77.5% · FY2025
- San Antonio Children's MuseumSan Antonio, TX · revenue $8.9M · programs 85.0% · 2025
- National Theatre in AmericaNew York, NY · revenue $7.9M · programs 76.3% · FY2026
- Stepping Stones Museum for ChildrenNorwalk, CT · revenue $9.1M · programs 82.8% · 2025
- Bruce MuseumGreenwich, CT · revenue $7.8M · programs 77.6% · FY2025
All arts, culture & humanities charities · Largest charities in Arkansas
Questions people ask
How much of Arkansas Museum of Fine Arts Foundation's spending goes to programs?
In calendar year 2024, Arkansas Museum of Fine Arts Foundation reported that 100.0% of its $9.6 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Arkansas Museum of Fine Arts Foundation pay its top executive?
The largest total compensation Arkansas Museum of Fine Arts Foundation reported for one person in calendar year 2024 was $316,112, for the role of SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Arkansas Museum of Fine Arts Foundation get its money?
Of $8.2 million in revenue in calendar year 2024, 62.4% came from contributions and grants (including 0.8% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Arkansas Museum of Fine Arts Foundation a registered charity?
The IRS lists EIN 23-7337495 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 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 202542699349300124 · read the filing
- 2023: Form 990 for calendar year 2023, object 202443199349307644 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349308960 · read the filing
- FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202213159349305711 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202320539349301517 · read the filing
All filings for EIN 23-7337495: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.