Milwaukee Art Museum Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO INSPIRE AND EDUCATE PEOPLE IN THE GREATER MILWAUKEE AREA, ACROSS THE STATE OF WISCONSIN AND BEYOND BY COLLECTING, PRESERVING AND PRESENTING ART; TO EXPAND AND DIVERSIFY THE LOCAL ARTISTIC AND CULTURAL IDENTITY OF THE GREATER MILWAUKEE AREA, AND EDUCATE BOTH RESIDENTS AND VISITORS ABOUT ART AND ART HISTORY; TO ENCOURAGE COMMUNITY DEVELOPMENT BY SUPPORTING EMERGING ARTS AND ARTISTS, AND TO OFFER FAMILY-FRIENDLY EDUCATIONAL PROGRAMS DESIGNED TO ENHANCE THE ARTISTIC SPIRIT OF THE LOCAL COMMUNITY; TO PRESERVE, PROTECT AND MAINTAIN THE CALATRAVA ADDITION, THE FIRST BUILDING IN THE UNITED STATES TO BE DESIGNED BY SANTIAGO CALATRAVA, AND TO WORK IN COOPERATION WITH PUBLIC ENTITIES IN THE USE OF THE SAARINEN AND KAHLER BUILDINGS, CITY PROPERTY AND LAKEFRONT LANDS.
- Income
- $29.8 million
- Spending
- $24.8 million
- Spent on programs
- 72%
- Reserves
- 8.7 months of spending
- Largest source of income
- donations and private grants, 60%
- Employees
- 280
- Volunteers
- 631
- Highest pay
- $565,495, donna & donald baumgartner director
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 74% of charities in its peer group (arts and culture, $10m to $100m).
Reserves
28 of 35Spendable reserves would cover 8.7 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 17% of income.
Income trend
15 of 15Income rose 38% on the year before.
Spending floor
15 of 1572% of spending went to programs and raising each dollar of donations cost 14 cents.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 34% of charities in its peer group (arts and culture, $10m to $100m).
Independent board
25 of 2535 of 35 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $8.0 million spent. PRESENTATION AND CURATORIAL: SPECIAL EXHIBITS DURING FISCAL YEAR 2025 INCLUDED ERIN SHIRREFF; PERMANENT DRAFTS; THE BRILLIANCE OF THE SPANISH WORLD: EL GRECO, VELASQUEZ, ZURBARAN; REVIVING THE DANCE OF DEATH; FARM TO FRAME; WINTER SERIES: MEADOW; TRUE STORY: PHOTOGRAPHY, JOURNALISM AND MEDIA; ROBERT LONGO: THE ACCELERATION OF HISTORY; LIGHT AND SHADOW: JOHN CONSTABLE'S ENGLISH LANDSCAPES IN PRINT: CURRENTS39: LATOYA M. HOBBS, CARVING OUT TIME; AND 2025 SCHOLASTIC ART AWARDS: WISCONSIN EXHIBITION
- $5.5 million spent. AUDIENCE, COMMUNICATION, AND MEMBER DEVELOPMENT: ADMISSIONS AND TOURS FOR FISCAL YEAR 2025 TOTALED 243,116. 593 VOLUNTEERS ASSISTED IN ACTIVITIES.
- $2.5 million spent. BUSINESS OPERATIONS AND ACQUISITION OF ART: EXPENSES INCURRED IN OPERATION OF THE MUSEUM'S CAFE AND GIFT SHOP AS WELL AS EXPENDITURES ASSOCIATED WITH ACQUIRING NEW PIECES FOR THE PERMANENT COLLECTION.
- $1.8 million spent. EDUCATION: WE SERVED A TOTAL OF 134,487 PEOPLE IN EDUCATION PROGRAMS IN FISCAL YEAR 2025. WE MAKE THE MUSEUM A GATHERING PLACE FOR ALL AGES TO EXPERIENCE THE ARTS. ADULT EDUCATION PROGRAMS ENHANCE GALLERY INTERPRETATION STRATEGIES, EXPAND EDUCATIONAL PROGRAMS IN THE GALLERIES TO ANIMATE THE ART AND ENCOURAGE DEEPER CONNECTIONS BETWEEN VISITORS AND THE ART. PROGRAMS INCLUDE GALLERY TALKS, LECTURES, SYMPOSIA, MUSICAL PERFORMANCE AND MORE. SCHOOL EDUCATION PROGRAMS ALIGN OUR PROGRAMS WITH FEDERAL, STATE, AND LOCAL EDUCATION AGENDAS TO SERVE SCHOOL CHILDREN THROUGH SCHOOL TOUR PROGRAMS FROM 214 SCHOOLS. OTHER PROGRAMS SERVED 479 SCHOOLS INCLUDING THE JR. DOCENT PROGRAM, SCHOLASTIC ART AWARDS, KOHL'S ART STUDIO, OUR HIGH SCHOOL AND TEEN PROGRAMS, ALONG WITH TEACHER WORKSHOPS AND PASSES. YOUTH PROGRAMS ENGAGE YOUNG CHILDREN EARLY AND OFTEN BY PROVIDING BETTER ON-SITE PROVISIONS, PROGRAMS, AND INFRASTRUCTURE FOR FAMILIES.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending August 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1937.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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