EIN 13-1624146

The Morgan Library & Museum

IRS 501(c) type
501(c)(3)
Num. employees
249
Year formed
1924
Most recent tax filings
2024-03-01
NTEE code, primary
Description
The mission of the Morgan Library & Museum is to preserve, build, study, present, and interpret a collection of extraordinary quality, in order to stimulate enjoyment, excite the imagination, advance learning, and nurture creativity. The Morgan Library & Museum celebrates and shares the history and process of human creativity from antiquity to the present day through the preservation, study, and interpretation of a dynamic and growing collection.
Also known as...
The Pierpont Morgan Library
Total revenues
$58,672,728
2024
20202021202220232024$20m$40m$60m
Total expenses
$34,392,554
2024
20202021202220232024$20m$30m$40m
Total assets
$435,664,971
2024
20202021202220232024$0.3b$0.4b$0.4b
Num. employees
249
2024
202020212022202320240200

Program areas at The Morgan Library & Museum

Curatorial: The Morgan Library & Museum ("the Morgan") occupies a midtown Manhattan campus comprised of three landmarked buildings that are joined by pavilions constructed of steel-and-glass panels designed by renowned architect Renzo Piano. The Morgan houses one of the world's greatest collections of artistic, literary, musical, and historical works. Included in its holdings are original scores of Mozart and Beethoven, drawings by Rembrandt and Rubens, medieval and Renaissance works, three Gutenberg Bibles, literary manuscripts by Dickens and Twain, and five-thousand-year-old carvings from the countries of ancient Western Asia. The Morgan recorded 234,610 visitors over the fiscal year, primarily for a wide variety of changing exhibitions encompassing works from the Morgan's (continued on Schedule O)permanent collection and from other museums and libraries in the U.S. and abroad. Exhibitions during fiscal year 2024 included "Beatrix Potter: Drawn to Nature;" "Walton Ford: Animal Studies and Sketches;" "Spirit and Invention: Drawings by Giambattista and Domenico Tiepolo; and "Medieval Money, Merchants, and Morality." The Morgan's curators plan the exhibitions, oversee the permanent collection, prepare exhibition and collection-related catalogs, organize symposia, host graduate seminars, and provide research and other services to the scholarly community.The extraordinary group of medieval and Renaissance manuscripts; printed books and bindings; literary, historical, and music manuscripts; drawings and prints; and ancient cylinder seals that J. Pierpont Morgan brought together were among the first important collections of their kind in America and form what is today the core of the Morgan's holdings. (The collection now includes photography and modern and contemporary drawings as well.) In overall quality and importance, these collections are among the finest in the world, distinguished by the high percentage of items that are unique or exceptionally rare. One of only a handful of American institutions devoted to these specialized areas, the Morgan maintains an active acquisitions program and now holds several hundred thousand items in its collection.The Morgan's Drawing Institute is devoted to the interpretation, conservation, and theory of old master and modern drawing with the goal of stimulating new lines of investigation and discourse. The Drawing Institute supports research through annual fellowships; publications; small, focused exhibitions; and an ongoing series of symposia, seminars, and lectures.
Public Programs: In fiscal year 2024, the Morgan hosted 418 programs onsite, attracting 9,809 attendees to a diverse array of talks, lectures, symposiums, conversations, workshops, and docent-led public tours. Additionally, 23 concerts were presented in Gilder Lehrman Hall, drawing a total of 3,471 people. Virtual docent-led tours continued, with 17 programs reaching 727 participants worldwide. The Morgan's school programs offered both in-person and virtual activities, engaging 7,150 K-12 students; 1,129 participants in family and teen programs; and 372 college students, spanning diverse communities.
Library and Museum Services: The Morgan Library & Museum is one of nineteen independent research libraries in the United States and, as such, makes its collections available to qualified researchers for study on-site in the Sherman Fairchild Reading Room and the Drawing Study Center. An online catalog of the collections is accessible at www.themorgan.org and assists researchers both on and off-site. Active digitization and publication programs help to extend the reach of the Morgan's scholarly services and support study of the collections.The Morgan has had professional paper and book conservation facilities since the 1950s, when they were among the first such labs in the United States. The Morgan's conservation facilities (continued on Schedule O) were dramatically enhanced with the 2002 completion of the Thaw Conservation Center. The Morgan's conservators oversee the preservation of the collections and also undertake surveys and treatment projects of discrete collection areas. The collections consist almost entirely of works on paper and related porous supports (vellum, parchment, papyri), and the conservators have developed special expertise in the conservation, restoration, and repair of such objects. Both a working and teaching facility, the Thaw Center receives requests for assistance from institutions in the United States and abroad. It offers fellowships in conservation techniques and practices.
Museum Publications and Retail: The Morgan maintains an active publications program, producing catalogues related to its exhibitions and items in its permanent collections. These catalogues are made available to the public, along with other exhibition and collection-related merchandise, through the Morgan's on-site retail shop and through the Morgan's website.

Who funds The Morgan Library & Museum

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Community Foundation for Greater AtlantaArts/culture/humanities$700,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$334,538
Ac and JC FoundationGeneral Operating Support and To Provide Support To the Belle Da Costa Greene Fellowships$105,000
...and 43 more grants received totalling $1,577,054

Personnel at The Morgan Library & Museum

NameTitleCompensation
Colin B BaileyDirector$728,063
Kristina W. StillmanDirector of Finance and Administration$330,428
Lauren StakiasDirector of Institutional Advancement$263,628
Eileen CurranDirector of Events$141,965
Maria FredericksSherman Fairchild Head of Thaw Conse$166,167
...and 2 more key personnel

Financials for The Morgan Library & Museum

RevenuesFYE 03/2024
Total grants, contributions, etc.$38,669,823
Program services$3,853,537
Investment income and dividends$8,087,321
Tax-exempt bond proceeds$0
Royalty revenue$4,991
Net rental income$0
Net gain from sale of non-inventory assets$7,424,931
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$632,125
Miscellaneous revenues$0
Total revenues$58,672,728

Form 990s for The Morgan Library & Museum

Fiscal year endingDate received by IRSFormPDF link
2024-032025-02-11990View PDF
2023-032024-02-08990View PDF
2022-032023-02-13990View PDF
2021-032022-02-10990View PDF
2020-032021-04-12990View PDF
...and 10 more Form 990s

Organizations like The Morgan Library & Museum

OrganizationLocationRevenue
Bruce MuseumGreenwich, CT$16,947,116
Carnegie Museums of PittsburghPittsburgh, PA$73,216,351
Brooklyn MuseumBrooklyn, NY$50,937,193
Frist Art MuseumNashville, TN$16,190,320
The Detroit Institute of ArtsDetroit, MI$71,243,439
The Phillips CollectionWashington, DC$21,268,355
Los Angeles County Museum of Art (LACMA)Los Angeles, CA$194,481,499
Whitney Museum of American ArtNew York, NY$100,886,000
The Frick CollectionNew York, NY$47,000,287
The Museum of Fine Arts HoustonHouston, TX$147,981,263
Data update history
January 18, 2025
Received grants
Identified 14 new grant, including a grant for $25,000 from Annenberg Foundation
December 17, 2024
Updated personnel
Identified 1 new personnel
November 5, 2024
Updated personnel
Identified 6 new personnel
October 19, 2024
Received grants
Identified 3 new grant, including a grant for $105,000 from Ac and JC Foundation
August 25, 2024
Received grants
Identified 11 new grant, including a grant for $10,000 from Souls Grown Deep Foundation
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsFundraising eventsOperates internationallyReceives government fundingEndowed supportGala fundraisersTax deductible donationsAccepts online donations
General information
Address
225 Madison Ave
New York, NY 10016
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
themorgan.org/ 
Phone
(212) 685-0008
Facebook page
morganlibrary 
Twitter profile
@morganlibrary 
IRS details
EIN
13-1624146
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1924
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A51: Art Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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