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Jb Speed Art Museum
Also known as Speed Art Museum
Jb Speed Art Museum reported $24.2 million in revenue and $16.3 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $73.90 went to program services, $18.26 to management and general costs and $7.84 to fundraising. Its largest source of revenue was contributions and grants: 48.6% of the total. The highest compensation it reported for one person was $315,740 (EXECUTIVE DIRECTOR (TO 08/25)). 4 people received more than $100,000 in reportable compensation. Revenue rose 224% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor 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 September 30, 2025 · Form 990, Part VIII · total revenue $24MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.9% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.3% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.8% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 48.6% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.6% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $315,740 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.94% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 4 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 105.3 | 36.6 |
| Independent voting board members Part VI 1a–1b | 35 of 35 | 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 expenseCuratorial initiatives include rotating exhibitions, care for the permanent collection, and scholarly publications. The curatorial staff stewards a collection of 13,000 objects spanning 6,000 years of human history from ancient to contemporary artworks. Curators produce ambitious exhibitions, bringing artwork from around the world to the louisville community and program events to enhance exhibition content
Education and outreach programs foster dynamic, multi-sensorial experiences for visitors of all ages and backgrounds. Education programs for youth and families provide opportunities for children to grow up with outreach programs engage underserved populations and often partner with both arts and non-arts organizations to reach all levels of the community
Guardianship and maintenance of the museum and its art collection. The Speed Art Museum utilizes security personnel and technology to secure the collection as well as the museum staff and visitors. State-of-the-art temperature and humidity control systems protect the collection from environmental damage
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 |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR (TO 08/25) Officer, 40.00 hrs/week | $300,998 | $0 | $14,742 | $315,740 |
| CHIEF OF PHILANTHROPY Key employee, 40.00 hrs/week | $167,919 | $0 | $8,082 | $176,001 |
| CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $153,632 | $0 | $8,012 | $161,644 |
| CHIEF CURATOR Highest compensated employee, 40.00 hrs/week | $138,934 | $0 | $7,254 | $146,188 |
4 people received more than $100,000 in reportable compensation from Jb Speed Art Museum (Part VII, line 2). Compensation of current officers, directors and key employees totaled $764K (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–1b35 · 35 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 5155
- Volunteers Part I, line 6144
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BOSSE CONSTRUCTION INC Construction | $6,152,081 |
| MARIGOLD CATERING CO Catering | $312,987 |
| WALKER MECHANICAL CONTRACTORS INC Mechanical repair/maintenance | $297,769 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
35 private foundations reported grants to Jb Speed Art Museum totaling $2.9M 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 Jb Speed 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 Jb Speed Art Museum, you can publish a response that is linked from this page.
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Of every $100 Jb Speed Art Museum spent in FY2025, $73.90 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Jb Speed Art Museum's spending goes to programs?
In the fiscal year ending September 30, 2025, Jb Speed Art Museum reported that 73.9% of its $16.3 million in expenses went to program services, 18.3% to management and general and 7.8% to fundraising (Form 990, Part IX).
How much does Jb Speed Art Museum pay its top executive?
The largest total compensation Jb Speed Art Museum reported for one person in the fiscal year ending September 30, 2025 was $315,740, for the role of EXECUTIVE DIRECTOR (TO 08/25) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Jb Speed Art Museum get its money?
Of $24.2 million in revenue in the fiscal year ending September 30, 2025, 48.6% came from contributions and grants and 2.6% from program service revenue (Form 990, Part VIII).
Is Jb Speed Art Museum a registered charity?
The IRS lists EIN 61-0444823 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 September 30, 2025, object 202632299349302338 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522279349302597 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402289349300335 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202332279349303058 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242279349302859 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202142249349301719 · read the filing
All filings for EIN 61-0444823: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.