Civic Intelligence

Springfield Museums Corporation

EIN 04-6002239 • 501(c)3 • Springfield, MA

View Organization Page

Profile

The springfield museums corporation is a non-profit organization which holds and cares for collections in the fields of art, history, and science and makes them accessible for educational, recreational and informational purposes to a diverse audience.

21 Edwards StreetSpringfield, MA 01103

www.springfieldmuseums.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

47th percentile

0.30x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

50th percentile

4.4%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

31st percentile

$264,841

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

45th percentile

4.9%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Revenue Growth

38th percentile

2.9%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$97,880,440

Up $5,147,092 (+5.6%) from 2024

Liabilities

Up

$3,085,706

Up $101,022 (+3.4%) from 2024

Net Assets

Up

$94,794,734

Up $5,046,070 (+5.6%) from 2024

Operations
Liabilities / Revenue47th percentileNet Margin50th percentile

Revenue

Down

$10,425,508

Down $38,827 (-0.4%) from 2024

Expenses

Up

$9,967,612

Up $601,246 (+6.4%) from 2024

Net Income

Down

$457,896

Down $640,073 (-58%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $50,856,406Liabilities 2010: $5,687,763Net Assets 2010: $45,168,6432010Assets 2011: $55,035,679Liabilities 2011: $5,344,951Net Assets 2011: $49,690,7282011Assets 2012: $54,518,806Liabilities 2012: $5,659,574Net Assets 2012: $48,859,2322012Assets 2013: $61,209,015Liabilities 2013: $5,571,214Net Assets 2013: $55,637,8012013Assets 2014: $61,183,420Liabilities 2014: $4,926,005Net Assets 2014: $56,257,4152014Assets 2015: $60,653,244Liabilities 2015: $6,027,729Net Assets 2015: $54,625,5152015Assets 2016: $66,871,380Liabilities 2016: $5,269,304Net Assets 2016: $61,602,0762016Assets 2017: $70,873,479Liabilities 2017: $9,933,363Net Assets 2017: $60,940,1162017Assets 2018: $67,233,435Liabilities 2018: $6,533,883Net Assets 2018: $60,699,5522018Assets 2019: $65,613,700Liabilities 2019: $5,827,617Net Assets 2019: $59,786,0832019Assets 2020: $63,738,656Liabilities 2020: $6,015,938Net Assets 2020: $57,722,7182020Assets 2021: $84,395,702Liabilities 2021: $5,080,006Net Assets 2021: $79,315,6962021Assets 2022: $83,263,430Liabilities 2022: $3,380,399Net Assets 2022: $79,883,0312022Assets 2023: $88,937,732Liabilities 2023: $3,617,400Net Assets 2023: $85,320,3322023Assets 2024: $92,733,348Liabilities 2024: $2,984,684Net Assets 2024: $89,748,6642024Assets 2025: $97,880,440Liabilities 2025: $3,085,706Net Assets 2025: $94,794,7342025

Highlighted filing

2025

Assets$97,880,440
Liabilities$3,085,706
Net Assets$94,794,734
Open 2025 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,792,3382010Expenses 2011: $6,962,9342011Expenses 2012: $7,281,5492012Revenue 2013: $13,041,820Expenses 2013: $7,054,836Net Income 2013: $5,986,9842013Revenue 2014: $5,863,934Expenses 2014: $7,266,398Net Income 2014: -$1,402,4642014Revenue 2015: $5,953,079Expenses 2015: $7,206,073Net Income 2015: -$1,252,9942015Revenue 2016: $16,107,948Expenses 2016: $7,207,732Net Income 2016: $8,900,2162016Revenue 2017: $8,525,844Expenses 2017: $7,616,989Net Income 2017: $908,8552017Revenue 2018: $7,146,993Expenses 2018: $7,778,709Net Income 2018: -$631,7162018Revenue 2019: $7,130,485Expenses 2019: $7,857,726Net Income 2019: -$727,2412019Revenue 2020: $6,947,811Expenses 2020: $7,843,857Net Income 2020: -$896,0462020Revenue 2021: $8,222,892Expenses 2021: $7,546,645Net Income 2021: $676,2472021Revenue 2022: $9,886,411Expenses 2022: $7,729,425Net Income 2022: $2,156,9862022Revenue 2023: $9,845,732Expenses 2023: $8,387,402Net Income 2023: $1,458,3302023Revenue 2024: $10,464,335Expenses 2024: $9,366,366Net Income 2024: $1,097,9692024Revenue 2025: $10,425,508Expenses 2025: $9,967,612Net Income 2025: $457,8962025

Highlighted filing

2025

Revenue$10,425,508
Expenses$9,967,612
Net Income$457,896
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$97,880,440
Liabilities
$3,085,706
Net assets
$94,794,734
Revenue
$10,425,508
Expenses
$9,967,612
Net income
$457,896
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.9$3.09$94.8$10.4$9.97$0.46
2024Detailed filing. Detailed filing data is available for this year.$92.7$2.98$89.7$10.5$9.37$1.10
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.9$3.62$85.3$9.85$8.39$1.46
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.3$3.38$79.9$9.89$7.73$2.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.4$5.08$79.3$8.22$7.55$0.68
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.7$6.02$57.7$6.95$7.84$0.90
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.6$5.83$59.8$7.13$7.86$0.73
2018Detailed filing. Detailed filing data is available for this year.$67.2$6.53$60.7$7.15$7.78$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.9$9.93$60.9$8.53$7.62$0.91
2016Detailed filing. Detailed filing data is available for this year.$66.9$5.27$61.6$16.1$7.21$8.90
2015Detailed filing. Detailed filing data is available for this year.$60.7$6.03$54.6$5.95$7.21$1.25
2014Summary only. Only limited summary data is available for this year.$61.2$4.93$56.3$5.86$7.27$1.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.2$5.57$55.6$13.0$7.05$5.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.5$5.66$48.9$7.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.0$5.34$49.7$6.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.9$5.69$45.2$6.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 3, 2026
Return Version
2024v5.5
Gross Receipts
$15,388,774
Mission and Program Overview

Mission

The springfield museums corporation is a non-profit organization which holds and cares for collections in the fields of art, history, and science and makes them accessible for educational, recreational and informational purposes to a diverse audience.

The springfield museums corporation is a non-profit organization which provides public access to its collections of literature, artwork, and historical treasures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$52,586,481$56,666,048▲ $4,079,567
Land, Buildings, and Equipment, Net$14,119,914$14,325,047▲ $205,133
Pledges and Grants Receivable$2,782,301$2,533,531▼ $248,770
Prepaid Expenses and Deferred Charges$290,759$375,509▲ $84,750
Cash and Non-Interest-Bearing Accounts$243,707$168,467▼ $75,240
Accounts Receivable$53,729$43,117▼ $10,612
Total Assets$92,733,348$97,880,440▲ $5,147,092
Other Assets Total$22,656,457$23,768,721▲ $1,112,264
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,405,468$1,892,050▲ $486,582
Deferred Revenue$962,360$605,649▼ $356,711
Accounts Payable and Accrued Expenses$616,856$588,007▼ $28,849
Total Liabilities$2,984,684$3,085,706▲ $101,022
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$58,398,296$61,125,781▲ $2,727,485
Net Assets With Donor Restrictions$31,350,368$33,668,953▲ $2,318,585
Total Net Assets Fund Balance$89,748,664$94,794,734▲ $5,046,070
Total Liabilities and Net Assets / Fund Balance$92,733,348$97,880,440▲ $5,147,092

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,546,633$34,425,320$46,971,953
Leasehold Improvements$0$4,636,363$4,636,363
Equipment$322,136$2,873,825$3,195,961
Other Land Buildings$1,065,002$77,824$1,142,826
Land$391,276-$391,276
Other Assets Org$1--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$52,586,481$920,495▲ $6,387,224$3,228,152$56,666,048
2023$49,076,416-▲ $6,028,194$2,518,129$52,586,481
2022$45,463,770$323,616▲ $5,479,815$2,190,785$49,076,416
2021$43,250,559$10,321,513▼ $6,224,302$1,884,000$45,463,770
2020$24,153,770$10,148,937▲ $10,763,867$1,816,015$43,250,559
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen SimpsonPresidentFT$264,841$264,841
Anthony SurretteVice PresidentFT$125,563$125,563
Heather HaskellVice PresidentFT$118,442$118,442

Board Members and Trustees

NameTitle
Cynthia CampbellChair
Dr Mark KeroackVice Chair
Francis J Cataldo JrVice Chair
Augustine Kim EsqTrustee
Christopher BorowiecTrustee
Dr David LongworthTrustee
Glenn S WelchTrustee
Helen Caulton-harrisTrustee
JOHN M O'BRIENTrustee
James F Martin EsqTrustee
Jane AlbertTrustee
Lydia Martinez-alvarezTrustee
Mara SfaraTrustee
Melinda M Phelps EsqTrustee
Patrick J SullivanTrustee
Richard E RyallTrustee
Roger CrandallTrustee
Terry PoweTrustee
Vanessa OteroTrustee
Wayne GassTrustee
Mark TeedAssistant Treasurer
Anthony TrangheseClerk
Sam HanmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,720,376
Program Service Revenue
$1,328,548
Investment Income
$2,928,943
Other Revenue
$447,641
All Other Contributions
$3,084,673
Change in Net Assets
$457,896

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,425,508
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,733,638
Total Revenue per Audited Statements
$15,159,146
Total Revenue per Form 990
$10,425,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,316,198
Other Expenses$4,651,414
Total Fundraising Expense$447,657
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,619,422$170,008$296,911$4,086,341
Depreciation Depletion$1,295,828$111,515$4,235$1,411,578
Other Expenses$993,146$34,882$53,458$1,081,486
Occupancy$947,170$12,407$1,761$961,338
Other Employee Benefits$521,196$189,814$10,001$721,011
Office Expenses$421,396$128,803$42,529$592,728
Current Officers, Directors, Trustees, and Key Employees-$508,846-$508,846
Advertising$185,727$491$37,165$223,383
Fees for Services Other$12,500$142,123-$154,623
Insurance$119,854$11,561$1,597$133,012
Interest-$93,266-$93,266
Total Functional Expenses$8,116,239$1,403,716$447,657$9,967,612

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,113,076
Expenses per Audited Statements$9,967,612
Total Expenses per Form 990$9,967,612
Expenses Not Reported on Form 990$145,464
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sam HanmerTrusteeInsurance ServicesNo$53,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The corporators elect the members of the board of trustees.”

Form 990, Part VI, Section B, Line 11B

“The completed form 990 is reviewed by the audit committee and copies are made available to all board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Officers, trustees, and key employees are required to disclose possible conflicts annually. A bidding process is used for major expenses to avoid conflicts. If there is a potential conflict, the interested person is not permitted to vote on the issue.”

Form 990, Part VI, Section B, Line 15

“A subcommittee of the board uses comparability data of other like cultural institutions in addition to organizations in the area to determine reasonable salary for the president.”

Form 990, Part VI, Section C, Line 18

“All forms are available upon request.”

Form 990, Part VI, Section C, Line 19

“The museums makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at their location.”

Filing and Contact Details

Filer

Filer Name
Springfield Museums Corporation
EIN
04-6002239
Phone
4132636800
Address
21 EDWARDS STREET, SPRINGFIELD, MA 01103

Signing Officer

Name
Kay Simpson
Title
President
Phone
4132636800
Signed
2026-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kay Simpson
Formed
1864
Legal Domicile
Ma
Voting Board Members
24
Independent Board Members
24
Employees
181
Volunteers
125

Preparer

Firm
Mp Pc
Address
ONE MONARCH PL STE 900, SPRINGFIELD, MA 01144
Preparer
Patrick Leary
Phone
4137391800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of beneficial interest of perpetual trust 1,112,264.”

Financial Statement Notes

PART III, LINE 1A:

“In accordance with the practice usually followed by museums, the musuems carries its collections on the statement of financial position at the nominal value of $1, and does not recognize gifts of collection items as operating revenues in the statement of activities. Since items acquired for collections by purchase are not capitalized, the costs of those acquisitions are reported as decreases in the net assets in the statement of activities. The proceeds from items disposed of are reported as increases in the appropriate class of net assets in the statement of activities. Contributed works of art, historical treasures, and similar assets that are not added to the collection are reported as assets held for sale on the statement of financial position at their fair values at the date of the gift.”

PART V, LINE 4:

“The museums intend to use income generated by its endowment funds as instructed by donors, or lacking instruction, to support operations.”

PART X, LINE 2:

“Professional accounting standards provide detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise's financial statements, in accordance with professional standards related to the accounting for income taxes. They require an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. A tax position is deemed to include such things as the museums' tax exempt status. Management has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition. The museum is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax periods in progress.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gift shop merchandise (cogs) 145,464. Change in value of beneficial interest in perpetual trusts 1,112,264.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gift shop merchandise 145,464.”

Raw XML AppendixShowing 400 of 681 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE SPRINGFIELD MUSEUMS CORPORATION IS A NON-PROFIT ORGANIZATION WHICH PROVIDES PUBLIC ACCESS TO ITS COLLECTIONS OF LITERATURE, ARTWORK, AND HISTORICAL TREASURES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL PROGRAMS FOR SCHOOL CHILDREN INCLUDING INTERPRETIVE TOURS, HANDS-ON SCIENCE PROGRAMS, PLANETARIUM SHOWS, ART DISCOVERY ADVENTURES, AND LOCAL HISTORY ACTIVITIES.
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