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Frist Art Museum

Nashville, TN · EIN 62-1731492 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Frist Art Museum reported $18.2 million in revenue and $14.6 million in expenses for calendar year 2024. Of every $100 it spent, $80.36 went to program services, $14.07 to management and general costs and $5.57 to fundraising. Its largest source of revenue was contributions and grants: 82.5% of the total. Government grants made up 10.6%. The highest compensation it reported for one person was $361,585 (EXEC. DIRECTOR & CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 19% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15M

For 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 $18M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 876 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
80.4%78.5%
Management & general
Part IX 25(C) ÷ 25(A)
14.1%13.6%
Fundraising
Part IX 25(D) ÷ 25(A)
5.6%6.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.05$0.10
Contributions & grants share of revenue
Part VIII 1h ÷ 12
82.5%57.5%
Government grants share of revenue
Part VIII 1e ÷ 12
10.6%1.7%
Program service revenue share
Part VIII 2g ÷ 12
9.6%20.8%
Highest reported compensation
Part VII-A, columns D–F
$361,585$385,706
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.48%2.03%
People paid over $100,000
Part VII, line 2
98
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
30.736.6
Independent voting board members
Part VI 1a–1b
24 of 24100.0%

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 expense
$7.7M expenses · 65.5% of program spending · revenue $1.3M

Exhibitions: hosted traveling art exhibitions from the united states and abroad, as well as internal development of art exhibitions on a diverse range of themes

$2.4M expenses · 20.4% of program spending · revenue $33,875

Education and engagement: offered a wide variety of accessible and affordable programs designed to assist people of all ages and backgrouds to become more knowledgeable and appreciative of art

$1.2M expenses · 10.2% of program spending · revenue $392K

Member and guest services: the Frist Art Museum provides an enriching member and guest experience through gallery guidance. Exhibition content is made available to members and guests through member publications, audio guides, and exhibition brochures

$448K all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXEC. DIRECTOR & CEO
Officer, 40.00 hrs/week
$338,278$0$23,307$361,585
CHIEF CURATOR
Key employee, 40.00 hrs/week
$178,071$0$18,737$196,808
CHIEF DEVELOPMENT OFFICER
Key employee, 40.00 hrs/week
$182,061$0$11,215$193,276
DIRECTOR-FINANCE
Officer, 40.00 hrs/week
$149,503$0$14,957$164,460
DIRECTOR-EDUCATION AND ENG
Highest compensated employee, 40.00 hrs/week
$147,510$0$16,471$163,981
DIRECTOR-COMMUNICATIONS
Highest compensated employee, 40.00 hrs/week
$140,659$0$18,108$158,767
DIRECTOR-INTERNAL AFFAIRS
Highest compensated employee, 40.00 hrs/week
$131,218$0$23,970$155,188
DIRECTOR-HUMAN RESOURCES
Highest compensated employee, 40.00 hrs/week
$122,036$0$16,400$138,436

9 people received more than $100,000 in reportable compensation from Frist Art Museum (Part VII, line 2). Compensation of current officers, directors and key employees totaled $897K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$18M$15M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$18M$15M80.4%$37M$361,585
2023 ⓘ$16M$13M80.2%$33M$323,234
2022 ⓘ$17M$13M79.6%$31M$244,760
2021 ⓘ$15M$13M78.9%$28M$384,368
2020 ⓘ$12M$12M77.0%$26M$369,800
2019 ⓘ$15M$13M76.1%$25M$356,974

Governance 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–1b24 · 24 independent
  • Audited financial statements Part XII 2bNo
  • 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 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 14bNo
  • Employees Part I, line 580
  • Volunteers Part I, line 6225

Private foundation grants it received

37 private foundations reported grants to Frist Art Museum totaling $7.8M 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 Frist 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 Frist Art Museum, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All arts, culture & humanities charities · Largest charities in Tennessee

Questions people ask

How much of Frist Art Museum's spending goes to programs?

In calendar year 2024, Frist Art Museum reported that 80.4% of its $14.6 million in expenses went to program services, 14.1% to management and general and 5.6% to fundraising (Form 990, Part IX).

How much does Frist Art Museum pay its top executive?

The largest total compensation Frist Art Museum reported for one person in calendar year 2024 was $361,585, for the role of EXEC. DIRECTOR & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Frist Art Museum get its money?

Of $18.2 million in revenue in calendar year 2024, 82.5% came from contributions and grants (including 10.6% from government grants) and 9.6% from program service revenue (Form 990, Part VIII).

Is Frist Art Museum a registered charity?

The IRS lists EIN 62-1731492 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 202503219349323825 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443209349304019 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313129349302676 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203139349300540 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202112999349301576 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043219349303609 · read the filing

All filings for EIN 62-1731492: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.