Civic Intelligence

Worcester Art Museum

990 • Fiscal year 2013 • EIN 04-1988530

Sep 01, 2012 to Aug 31, 2013 • Filed on Mar 14, 2014

55 Salisbury StreetWorcester, MA 01609
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.04x

Higher debt load relative to assets than 13% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

32nd percentile

0.30x

Higher debt load relative to revenue than 32% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2013

Net Margin

82nd percentile

23%

Higher net margin than 82% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

58th percentile

7.2%

Faster asset growth than 58% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$107,108,667

Up $7,167,346 (+7.2%) from 2012

Net Assets

Up

$103,285,616

Up $7,349,964 (+7.7%) from 2012

Liabilities

Down

$3,823,051

Down $182,618 (-4.6%) from 2012

Revenue

$12,625,343

No earlier filing loaded for comparison.

Expenses

Up

$9,742,090

Up $211,883 (+2.2%) from 2012

Net Income

$2,883,253

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $97,581,203Liabilities 2010: $3,980,698Net Assets 2010: $93,600,5052010Assets 2011: $101,639,248Liabilities 2011: $4,771,973Net Assets 2011: $96,867,2752011Assets 2012: $99,941,321Liabilities 2012: $4,005,669Net Assets 2012: $95,935,6522012Assets 2013: $107,108,667Liabilities 2013: $3,823,051Net Assets 2013: $103,285,6162013Assets 2014: $120,230,073Liabilities 2014: $3,893,588Net Assets 2014: $116,336,4852014Assets 2015: $113,660,456Liabilities 2015: $3,878,536Net Assets 2015: $109,781,9202015Assets 2016: $110,495,075Liabilities 2016: $3,876,050Net Assets 2016: $106,619,0252016Assets 2017: $117,756,350Liabilities 2017: $3,528,981Net Assets 2017: $114,227,3692017Assets 2018: $117,969,948Liabilities 2018: $3,449,662Net Assets 2018: $114,520,2862018Assets 2019: $118,315,915Liabilities 2019: $3,243,653Net Assets 2019: $115,072,2622019Assets 2020: $126,139,255Liabilities 2020: $2,074,071Net Assets 2020: $124,065,1842020Assets 2021: $149,637,696Liabilities 2021: $1,364,917Net Assets 2021: $148,272,7792021Assets 2022: $148,643,203Liabilities 2022: $2,598,346Net Assets 2022: $146,044,8572022Assets 2023: $158,424,796Liabilities 2023: $2,898,660Net Assets 2023: $155,526,1362023Assets 2024: $181,246,202Liabilities 2024: $3,168,292Net Assets 2024: $178,077,9102024

Highlighted filing

2013

Assets$107,108,667
Liabilities$3,823,051
Net Assets$103,285,616

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $8,301,9662010Expenses 2011: $9,966,8762011Expenses 2012: $9,530,2072012Revenue 2013: $12,625,343Expenses 2013: $9,742,090Net Income 2013: $2,883,2532013Revenue 2014: $15,983,079Expenses 2014: $10,445,545Net Income 2014: $5,537,5342014Revenue 2015: $11,601,549Expenses 2015: $10,683,003Net Income 2015: $918,5462015Revenue 2016: $16,774,675Expenses 2016: $12,798,728Net Income 2016: $3,975,9472016Revenue 2017: $12,443,468Expenses 2017: $10,758,445Net Income 2017: $1,685,0232017Revenue 2018: $9,695,254Expenses 2018: $11,907,771Net Income 2018: -$2,212,5172018Revenue 2019: $12,094,221Expenses 2019: $11,595,027Net Income 2019: $499,1942019Revenue 2020: $14,218,029Expenses 2020: $10,943,570Net Income 2020: $3,274,4592020Revenue 2021: $12,612,883Expenses 2021: $10,801,769Net Income 2021: $1,811,1142021Revenue 2022: $30,005,812Expenses 2022: $11,932,604Net Income 2022: $18,073,2082022Revenue 2023: $15,255,766Expenses 2023: $12,757,918Net Income 2023: $2,497,8482023Revenue 2024: $39,935,868Expenses 2024: $14,377,908Net Income 2024: $25,557,9602024

Highlighted filing

2013

Revenue$12,625,343
Expenses$9,742,090
Net Income$2,883,253
Jump To
Filing Snapshot
Filing Period
Sep 1, 2012 to Aug 31, 2013
Signed
Mar 14, 2014
Return Version
2012v2.1
Gross Receipts
$27,391,802
Mission and Program Overview

Mission

To connect people, communities, and cultures through experience of art. Collect the most significant works of art available in an effort to shape the quality/scope of the permanent collection while adhering to the institution's acquisitions & deaccessions policies.care for/preserve collections & works on loan by maintaining a responsible collections management policy & an active in-house conservation program. Exhibit the permanent collection,organize/lend to special exhibitions & bring traveling exhibitions to the public. Interpret the collections & works on loan for a broad public through research,publications & related educational programs.maintain an art library & an educational program that promotes an understanding of art & an active participation in the making of art. Maintain fiscally responsible actions & public accountability for ongoing operations & preservation/growth of the museum & its collections.

Major Activities

Activity 2
Education - educational program for various groups to enhance the appreciation and knowledge of the general public in all areas of art.
Activity 3
Publication program - publication of various books and catalogs on the collections of the museum.
Filing and Contact Details

Filer

EIN
04-1988530
Raw XML AppendixShowing 400 of 763 raw XML fields

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IRS990/MissionDescription0COLLECT THE MOST SIGNIFICANT WORKS OF ART AVAILABLE IN AN EFFORT TO SHAPE THE QUALITY/SCOPE OF THE PERMANENT COLLECTION WHILE ADHERING TO THE INSTITUTION'S ACQUISITIONS & DEACCESSIONS POLICIES. CARE FOR/PRESERVE COLLECTIONS & WORKS ON LOAN BY MAINTAINING A RESPONSIBLE COLLECTIONS MANAGEMENT POLICY & AN ACTIVE IN-HOUSE CONSERVATION PROGRAM. EXHIBIT THE PERMANENT COLLECTION,ORGANIZE/LEND TO SPECIAL EXHIBITIONS & BRING TRAVELING EXHIBITIONS TO THE PUBLIC. INTERPRET THE COLLECTIONS & WORKS ON LOAN FOR A BROAD PUBLIC THROUGH RESEARCH,PUBLICATIONS & RELATED EDUCATIONAL PROGRAMS.MAINTAIN AN ART LIBRARY & AN EDUCATIONAL PROGRAM THAT PROMOTES AN UNDERSTANDING OF ART & AN ACTIVE PARTICIPATION IN THE MAKING OF ART.MAINTAIN FISCALLY RESPONSIBLE ACTIONS & PUBLIC ACCOUNTABILITY FOR ONGOING OPERATIONS & PRESERVATION/GROWTH OF THE MUSEUM & ITS COLLECTIONS. PROMOTE/ENCOURAGE A BROAD BASE OF INVOLVED & COMMITTED CONSTITUENTS TO SUPPORT THE MUSEUM'S MISSION,FISCAL WELL BEING & ACHIEVEMENT OF ITS GOALS.
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IRS990/NetIncomeFromFundraisingEvents/ExclusionAmount0-3134
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn0-3134
IRS990/NetIncomeOrLoss/RelatedOrExemptFunctionIncome0387654
IRS990/NetIncomeOrLoss/TotalRevenueColumn0387654
IRS990/NetRentalIncomeOrLoss/ExclusionAmount094130
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn094130
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096043
IRS990/NumberIndependentVotingMembers020
IRS990/NumberIndividualsGT100K08
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees0258
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ProgramServices0408220
IRS990/Occupancy/Total0408220
IRS990/OfficeExpenses/Fundraising09154
IRS990/OfficeExpenses/ManagementAndGeneral069895
IRS990/OfficeExpenses/ProgramServices0230350
IRS990/OfficeExpenses/Total0309399
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherEmployeeBenefits/Fundraising086825
IRS990/OtherEmployeeBenefits/ManagementAndGeneral0243495
IRS990/OtherEmployeeBenefits/ProgramServices0666539
IRS990/OtherEmployeeBenefits/Total0996859
IRS990/OtherExpensePriorYear03959441
IRS990/OtherExpensesCurrentYear04350091
IRS990/OtherExpenses/Description0ACQUISITIONS
IRS990/OtherExpenses/Description1CONTRACT SERVICES
IRS990/OtherExpenses/Description2DIRECT RESTAURANT & SHO
IRS990/OtherExpenses/Description3REPAIRS AND MAINTENANCE
IRS990/OtherExpenses/Fundraising0783
IRS990/OtherExpenses/Fundraising117064
IRS990/OtherExpenses/ManagementAndGeneral0138655
IRS990/OtherExpenses/ManagementAndGeneral142854
IRS990/OtherExpenses/ProgramServices0527127
IRS990/OtherExpenses/ProgramServices1323811
IRS990/OtherExpenses/ProgramServices2452618
IRS990/OtherExpenses/ProgramServices3270440
IRS990/OtherExpenses/Total0527127
IRS990/OtherExpenses/Total1463249
IRS990/OtherExpenses/Total2452618
IRS990/OtherExpenses/Total3330358
IRS990/OtherRevenueCurrentYear0478650
IRS990/OtherRevenuePriorYear0464989
IRS990/OtherSalariesAndWages/Fundraising0333517
IRS990/OtherSalariesAndWages/ManagementAndGeneral0828166
IRS990/OtherSalariesAndWages/ProgramServices02722259
IRS990/OtherSalariesAndWages/Total03883942
IRS990/OtherWebsite0X
IRS990/PartialLiquidation00
IRS990/PermanentlyRestrictedNetAssets/BOY038134275
IRS990/PermanentlyRestrictedNetAssets/EOY038334115
IRS990/PledgesAndGrantsReceivable/BOY01537341
IRS990/PledgesAndGrantsReceivable/EOY03803083
IRS990/PoliticalActivities00
IRS990/PrepaidExpensesDeferredCharges/BOY089702
IRS990/PrepaidExpensesDeferredCharges/EOY098515
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0611600
IRS990/ProgramServiceRevenue/BusinessCode1900099
IRS990/ProgramServiceRevenue/BusinessCode2453000
IRS990/ProgramServiceRevenueCY0833701
IRS990/ProgramServiceRevenue/Description0PUBLIC EDUCATION
IRS990/ProgramServiceRevenue/Description1ADMISSIONS
IRS990/ProgramServiceRevenue/Description2AUXILIARY ACTIVITIES

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$181$3.17$178$39.9$14.4$25.6
2023Detailed filing. Detailed filing data is available for this year.$158$2.90$156$15.3$12.8$2.50
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$149$2.60$146$30.0$11.9$18.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$150$1.36$148$12.6$10.8$1.81
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$2.07$124$14.2$10.9$3.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$3.24$115$12.1$11.6$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$3.45$115$9.70$11.9$2.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$3.53$114$12.4$10.8$1.69
2016Detailed filing. Detailed filing data is available for this year.$110$3.88$107$16.8$12.8$3.98
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$3.88$110$11.6$10.7$0.92
2014Detailed filing. Detailed filing data is available for this year.$120$3.89$116$16.0$10.4$5.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$3.82$103$12.6$9.74$2.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.9$4.01$95.9$9.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$4.77$96.9$9.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.6$3.98$93.6$8.30
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $100M-$250M nonprofits