EIN 13-1624146

The Morgan Library & Museum

IRS 501(c) type
501(c)(3)
Num. employees
237
Year formed
1924
Most recent tax filings
2023-03-01
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.
Also known as...
The Pierpont Morgan Library
Total revenues
$23,737,274
2023
Total expenses
$31,437,927
2023
Total assets
$386,483,637
2023
Num. employees
237
2023

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 246,507 visitors over the fiscal year, primarily for a wide variety of changing exhibitions encompassing works from the Morgan's permanent collection and from other museums and libraries in the U.S. and abroad. Exhibitions during fiscal year 2023 included "Holbein: Capturing Character;" "J. Pierpont Morgan's Library: Building the Bookman's Paradise;" "One Hundred Years of James Joyce's Ulysses; and "She Who Wrote: Enheduanna and Women of Mesopotamia, ca. 3400-2000 B.C." 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 2023, 15,988 people attended a range of virtual and in-person lectures, family programs, college programs, and workshops, many by renowned artists and experts in their field. This active program of lectures and gallery talks focused on the Morgan's collections and exhibitions. An additional 3,084 people viewed world-class performers at concerts presented by the Morgan. Docents gave virtual presentations that reached over 1,099 participants and onsite tours to 6,986 visitors. The Morgan's school programs served 8,029 K-12 students of 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 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
Jerome L Greene FoundationFurther 501(c)(3) Charitable Purpose$375,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$334,538
...and 42 more grants received totalling $2,248,796

Personnel at The Morgan Library & Museum

NameTitleCompensation
Colin B. BaileyKatharine J Rayner Director$686,662
Kristina W. StillmanDirector of Finance and Administration$314,052
Lauren StakiasDevelopment and Membership / Director of Institutional Advancement$248,473
Eileen CurranDirector of Events$141,965
Maria FredericksSherman Fairchild Head of Thaw Conservation Cen. / Sherman Fairchild Head of Thaw Conse / Acting Director of Thaw Conservation Center; Drue Heinz Book Conservator$158,362
...and 9 more key personnel

Financials for The Morgan Library & Museum

RevenuesFYE 03/2023
Total grants, contributions, etc.$10,537,116
Program services$4,172,414
Investment income and dividends$21,664,164
Tax-exempt bond proceeds$0
Royalty revenue$3,835
Net rental income$0
Net gain from sale of non-inventory assets$-13,341,054
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$700,799
Miscellaneous revenues$0
Total revenues$23,737,274

Form 990s for The Morgan Library & Museum

Fiscal year endingDate received by IRSFormPDF link
2023-032024-02-08990View PDF
2022-032023-02-13990View PDF
2021-032022-02-10990View PDF
2020-032021-04-12990View PDF
2019-032020-10-23990View PDF
...and 9 more Form 990s

Organizations like The Morgan Library & Museum

OrganizationLocationRevenue
Bruce MuseumGreenwich, CT$16,947,116
Brooklyn MuseumBrooklyn, NY$50,937,193
Solomon R. Guggenheim Foundation (SRGF)New York, NY$75,933,810
The Phillips CollectionWashington, DC$21,268,355
Whitney Museum of American ArtNew York, NY$100,886,000
The Frick CollectionNew York, NY$47,000,287
Museum of the City of New York (MCNY)New York, NY$17,403,955
San Francisco Museum of Modern ArtSan Francisco, CA$61,181,812
Asian Art Museum Foundation of San FranciscoSan Francisco, CA$30,699,446
The Detroit Institute of ArtsDetroit, MI$71,243,439
Data update history
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
May 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 9 new grant, including a grant for $700,000 from The Community Foundation for Greater Atlanta
Nonprofit Types
Libraries and archivesArts, 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
51912: Libraries and Archives
Parent/child status
Independent
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