Liabilities / Assets
21st percentile
Higher debt load relative to assets than 21% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
21st percentile
Higher debt load relative to assets than 21% of similar nonprofits.
Liabilities / Revenue
18th percentile
Higher debt load relative to revenue than 18% of similar nonprofits.
Net Margin
97th percentile
Higher net margin than 97% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.8% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Assets
Up$80,928,323
Up $38,900,418 (+93%) from 2020
Net Assets
Up$77,963,263
Up $37,668,551 (+93%) from 2020
Liabilities
Up$2,965,060
Up $1,231,867 (+71%) from 2020
Revenue
Up$34,777,408
Up $26,655,932 (+328%) from 2020
Expenses
Up$5,294,671
Up $161,114 (+3.1%) from 2020
Net Income
Up$29,482,737
Up $26,494,818 (+887%) from 2020
Bruce museum inc.'s mission is to promote the understanding and appreciation of art and science to enrich the lives of all people.
The bruce museum's exhibitions and educational programs advance the understanding of art and science.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $21,422,577 | $28,241,487 | ▲ $6,818,910 |
| Pledges and Grants Receivable | $1,203,675 | $13,948,276 | ▲ $12,744,601 |
| Savings and Temporary Cash Investments | $5,686,865 | $9,156,543 | ▲ $3,469,678 |
| Investments Other Securities | $3,725,254 | $7,401,585 | ▲ $3,676,331 |
| Land, Buildings, and Equipment, Net | $3,501,289 | $3,267,525 | ▼ $233,764 |
| Cash and Non-Interest-Bearing Accounts | $87,564 | $161,768 | ▲ $74,204 |
| Prepaid Expenses and Deferred Charges | $153,274 | $103,235 | ▼ $50,039 |
| Inventories for Sale or Use | $54,902 | $35,721 | ▼ $19,181 |
| Total Assets | $42,027,905 | $80,928,323 | ▲ $38,900,418 |
| Other Assets Total | $6,192,505 | $18,612,183 | ▲ $12,419,678 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $1,027,920 | $2,305,783 | ▲ $1,277,863 |
| Other Liabilities | $537,600 | $474,655 | ▼ $62,945 |
| Deferred Revenue | $167,673 | $184,622 | ▲ $16,949 |
| Total Liabilities | $1,733,193 | $2,965,060 | ▲ $1,231,867 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $35,579,500 | $72,416,265 | ▲ $36,836,765 |
| Net Assets Without Donor Restrictions | $4,715,212 | $5,546,998 | ▲ $831,786 |
| Total Net Assets Fund Balance | $40,294,712 | $77,963,263 | ▲ $37,668,551 |
| Total Liabilities and Net Assets / Fund Balance | $42,027,905 | $80,928,323 | ▲ $38,900,418 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $3,111,684 | $6,888,250 | $9,999,934 |
| Equipment | $155,841 | $445,222 | $601,063 |
| Other Land Buildings | $0 | $59,386 | $59,386 |
| Other Assets Org | $18,612,183 | - | - |
| Other Securities | $7,401,585 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2020 | $24,304,684 | $242,150 | ▲ $11,141,753 | $1,218,241 | $34,470,346 |
| 2019 | $25,068,891 | $166,600 | ▲ $231,657 | $1,162,464 | $24,304,684 |
| 2018 | $25,009,574 | $207,275 | ▲ $967,411 | $1,115,369 | $25,068,891 |
| 2017 | $23,724,196 | $629,163 | ▲ $2,094,019 | $1,437,804 | $25,009,574 |
| 2016 | $21,886,468 | $785,372 | ▲ $2,428,976 | $1,376,620 | $23,724,196 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Robert Wolterstorff | Executive Director/CEO | FT | $240,000 | $39,387 | $279,387 |
| William F Ference | Director of Finance/CFO | FT | $137,840 | $32,784 | $170,624 |
| Suzanne Lio | COO and Managing Director | FT | $132,440 | $32,382 | $164,822 |
| Whitney Rosenberg | Director of Development | FT | $130,000 | $23,191 | $153,191 |
| Daniel Ksepka | Curator of Science | FT | $108,587 | $37,105 | $145,692 |
| Peter Sutton | Former Executive Director/CEO | - | $3,735 | $125,187 | $128,922 |
| Anne Von Stuelpnagel | Director of Exhibitions | FT | $119,633 | $8,356 | $127,989 |
| Name | Title |
|---|---|
| James B Lockhart Iii | Chairman of Board |
| Heidi B Smith | Vice Chair |
| Simone Mcentire | Vice Chair |
| William Deutsch | Vice Chair |
| John Ippolito | Director, Thru 5/1/21 |
| Betsy Ruprecht | Trustee |
| Bob Selander | Trustee |
| Candace Procaccini | Trustee |
| Charles M Royce | Trustee |
| Christ Wolfe Nichols | Trustee |
| David Yudain | Trustee |
| Deanna Mulligan | Trustee |
| Deborah Simon | Trustee |
| Felicity Kostakis | Trustee |
| Fred Camillo | Trustee |
| Jacqueline Walker | Trustee |
| John C Hart | Trustee |
| Judith K Stein Md | Trustee |
| Julia B Nusseibeh | Trustee |
| Kamie Lightburn | Trustee |
| Kathleen L Metinko | Trustee |
| Laurie Rubin | Trustee |
| Martha R Zoubek | Trustee |
| Maryann Keller Chai | Trustee |
| Michael Kovner | Trustee |
| Michael Mason | Trustee |
| Nicole Reynolds | Trustee |
| Rebecca Gillan | Trustee |
| Robert H Lawerence | Trustee |
| Sachiko Goodman | Trustee |
| Sue Anne Weinberg | Trustee |
| Sue Moretti Bodson | Trustee |
| Susan E Lynch | Trustee |
| Thomas Byrne | Trustee |
| Tracy Bishop Holton | Trustee |
| Vicki Netter Fitzgerald | Trustee |
| Ellen a Flanagan | Secretary |
| Patricia W Chadwick | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Turner Construction | Construction Services | 50 WATERVIEW DRIVE SUITE 220, Shelton, CT 06484 | $3,168,774 |
| Eskew Dumez Ripple | Architectural Services | ONE CANAL PLACE SUITE 3150, New Orleans, LA 70130 | $805,293 |
| Universal Services Associates INC | Construction Services | 5 HORNE DRIVE, Folcroft, PA 19032 | $179,340 |
| Stone Harbor Project Advisors | Project Management | PO BOX 441, Greenwich, CT 06836 | $138,800 |
| Nst Systems INC | It Services | 750 EAST MAIN STREET 8TH FLOOR, Stamford, CT 06902 | $132,604 |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 35 | $3,807,217 | Avg. Selling Price |
| Other Non Cash Contri Table | 26 | $105,565 | Donor Provided Value |
| Works of Art | 267 | $64,945 | Donor Provided Value |
| Total Noncash Contributions | 328 | $3,977,727 | - |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,382,060 |
| Other Expenses | $1,790,516 |
| Total Fundraising Expense | $1,589,661 |
| Professional Fundraising Fees | $120,000 |
| Grants and Similar Amounts Paid | $2,095 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,315,897 | $161,627 | $637,440 | $2,114,964 |
| Current Officers, Directors, Trustees, and Key Employees | $278,020 | $34,148 | $134,677 | $446,845 |
| Office Expenses | $248,047 | $42,826 | $111,428 | $402,301 |
| Other Employee Benefits | $235,064 | $28,872 | $113,868 | $377,804 |
| Depreciation Depletion | $257,186 | $16,064 | $73,690 | $346,940 |
| Fees for Services Other | $133,358 | $39,520 | $139,532 | $312,410 |
| Payroll Taxes | $131,662 | $16,172 | $63,779 | $211,613 |
| Information Technology | $98,393 | $26,269 | $24,666 | $149,328 |
| Comp Disqual Persons | $77,773 | $9,553 | $37,674 | $125,000 |
| Fees for Services Professional Fundraising | - | - | $120,000 | $120,000 |
| Pension Plan Contributions | $65,848 | $8,088 | $31,898 | $105,834 |
| Occupancy | $68,009 | $20,363 | $10,263 | $98,635 |
| Fees for Service Investment Mgmnt Fees | - | $60,956 | - | $60,956 |
| Advertising | $25,059 | $1,851 | $31,829 | $58,739 |
| Fees for Services Legal | - | $48,121 | - | $48,121 |
| Conferences and Meetings | $4,975 | $821 | $37,758 | $43,554 |
| Insurance | $13,780 | $9,232 | $11,460 | $34,472 |
| Fees for Services Accounting | - | $30,715 | - | $30,715 |
| Other Expenses | $15,419 | $86 | $1,017 | $16,522 |
| Travel | $5,731 | $435 | $191 | $6,357 |
| Grants to Domestic Individuals | $2,095 | - | - | $2,095 |
| Total Functional Expenses | $3,136,193 | $568,817 | $1,589,661 | $5,294,671 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $5,590,076 |
| Total Expenses per Form 990 | $5,294,671 |
| Expenses per Audited Statements | $5,246,848 |
| Expenses Not Reported on Form 990 | $343,228 |
| Expenses Not Reported on Financial Statements | $47,823 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean | Investments | - | 0 | 0 | $5,522,240 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $249,628 |
| Fundraising Gross Income | $158,120 |
| Professional Fundraising Fees | $120,000 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| 34th Annual Gala | $659,913 | $158,120 | $11,016 | $147,104 |
| Total Events | $659,913 | $158,120 | $249,628 | $-91,508 |
| Liability | Amount |
|---|---|
| Paycheck Protection Program Loan | $474,655 |
“Bmi has various classes of membership as authorized by the board of trustees. Each class is entitled to one vote on each matter submitted to a vote of the members, including the election of trustees at the annual meeting of the members. The persons who comprise a family membership are entitled to one vote on each matter. Members are not entitled to receive a share of the organization's profits or excess dues, or a share of the organization's net assets upon the organization's dissolution.”
“Pursuant to the management agreement between bmi and the town of greenwich, the town of greenwich designates three trustees with voting rights to the board of bmi. The members of bmi elect the remaining trustees at the annual meeting of the members, by a majority vote of the members entitled to vote who are present in person or by written proxy.”
“Bmi has its form 990 prepared by an outside accounting firm. Once the form 990 is prepared, it is provided to the audit committee for review, comment, and approval. Once approved by the audit committee, a complete copy of the return is distributed to all members of the board of trustees prior to filing with the internal revenue service.”
“Bmi has a conflict of interest policy within its code of ethics which covers the board of trustees as well as the organization's staff and volunteers. All officers and trustees are required to disclose annually any potential conflicts of interest. Per the terms of this policy, a trustee should not vote on, approve, or recommend approval of a transaction between the museum and that trustee or immediate family member, and should disclose any potential conflict prior to a vote or other action. If such trustee is present when a matter involving a potential conflict of interest is considered, he or she should leave the meeting during that discussion and/or the vote. Additionally, the policy requires care to be exercised by staff to assure that no conflict or perceived conflict arises between themselves and the organization, and the staff must not collect for themselves in competition with the museum. Conflict of interest restrictions are also explained to volunteers and observed by them. The executive director & ceo and a committee determine conflicts and review the conflicts once determined.”
“The executive committee conducts an annual compensation review of the executive director. Compensation is based on his performance and comparability data to museum industry standards. The board approves the executive director's compensation. The compensation approval is documented in a letter from the board of directors to the executive director.”
“Bmi's form 990 is available on its website, as well as guidestar, charity navigator, and other similar websites.”
“Bmi's financial statements are available on its website, and its governing documents, and conflict of interest policy are available upon written request.”
“On the edge of the world: masterworks by laurits andersen ring from smkthe national gallery of denmark february 1, 2020 - august 9, 2020 following an extensive, five-month-long renovation of its changing gallery spaces, the bruce museum was pleased to present a major new international exhibition, on the edge of the world: masterworks by laurits andersen ring from smkthe national gallery of denmark. Initiated by the american friends of statens museum for kunst, the national gallery of denmark, the exhibition opened on saturday, february 1, 2020, and was on view in the museum's newly expanded main art gallery through sunday, august 9, 2020. L.a. Ring (1854-1933), a realist and symbolist painter, is considered one of the most important figures in danish art. The national gallery of denmark holds the largest collection of ring's paintings and drawings in the world; on the edge of the world showcased 25 of the most important pieces that represent the key themes and sheer variety and complexity of his oeuvre. The exhibition traveled to only two u.s. Venues. The bruce museum was the only venue on the east coast. Through his art, ring described a time of great upheaval in denmark. The processes of industrialization caused major changes to the labor market; new enterprises flourished, and people moved from the country to the cities. Denmark was on the way to becoming a modern society. Although l.a. Ring lived in denmark all his life, his works display certain parallels to the landscapes of american realism and naturalism. And just as l.a. Ring was keenly interested in how individual man handled the existential challenges arising as a result of the modern breakthrough, so too were many american artists of the time. Poised between realism and symbolism, l.a. Ring's art explores mankind's inner life, which for him was often infused by depressive ideas and melancholy moods. Death and the passing of all things is a recurring theme in his art including his many zealand landscapes, which come to form personal, densely atmospheric landscapes of the soul. However, other themes of closeness and intimacy also found their way into his art after he married the love of his life in 1896: sigrid, eldest daughter of master potter herman khler. Both aspects of ring his melancholy air and his joy in life were represented in the exhibition, edge of the world: masterworks by laurits andersen ring from smkthe national gallery of denmark. The exhibition appealed to art lovers as well as americans in general, as it portrays the life of many european emigrants settling in the u.s. Around 1900. Under the skin february 1, 2020 - november 29, 2020 nature is full of beauty, at scales great and small. Under the skin highlighted a dozen recent discoveries through a combination of remarkable imagery and real biological specimens. While each represents a research breakthrough, these striking and, in many cases, prize-winning images can rightfully be considered art in their own right. Under the skin sampled images made possible by a remarkable array of technologies, ct scanning, infrared cameras, scanning electron microscopes and morethat allow scientists to visualize the marvels of evolution that lie below the surface. All of the images presented in the exhibition were captured in the last five years, thus representing the cutting edge of modern imaging. Many showcased amazing discoveries that were undreamt of just a decade ago. Natural history specimens from the bruce museum and on loan from other collections complemented each image and reinforced the role of museums as stewards of natural history. Visitors learned how we can peer into the inner ear of a frog smaller than a pistachio, count the unborn babies inside a pregnant tiger shark, and reveal the age of a ten-ton dinosaur from microscopic structures in its bones. Exploring the relationship between light and nature, visitors discovered that flying squirrels can glow a fluorescent pink, pelican pouches burst int”
“"she sweeps with many-colored brooms": paintings and prints by emily mason focused on two intensely experimental bodies of work as she wrestled, in each case, to master a new medium. Mason's early paintings in oil on paper and early prints illuminate a lifetime devoted to creative spontaneity and richly demonstrate the subtle, complex, and beautiful esthetic that was distinctly mason's own. Organized by bruce museum the susan e. Lynch executive director and ceo robert wolterstorff, bruce museum adjunct curator of art kenneth e. Silver, and 2020-2021 bruce museum resident fellow h.s. Miller, the exhibition was accompanied by a digital lecture series and numerous special events. The robert r. Wiener mineral gallery preview may 8, 2021 - may 23, 2021 the robert r. Wiener mineral gallery will open in 2022 as part of the new bruce grand opening. These six mineral masterpieces are part of a small sneak preview. The new gallery will showcase over one hundred exceptional specimens, arranged in custom installation to highlight the brilliant colors, dazzling lusters, and fascinating crystal forms of minerals from all across the globe. This display and the new gallery are made possible by the generosity of mr. Wiener, who has assembled one of the world's most extensive mineral collections over the course of four decades. He has made it his mission to share these specimens for the enjoyment of all, and the bruce museum is proud to be the future home to a gallery that will thrill generations of visitors. Let in, let go april 27, 2021 - may 30, 2021 let in, let go, a multi-sensory video projection installation created by holly danger, a video artist based in stamford, ct, who has brought experiential events and immersive installations to audiences around the world. Danger mixes analog and digital layers to create vibrant audiovisual collages, and projection maps the work into site-specific installations. Let in, let go explores the synchronization of video, art, and sound and how it relates to emotion, environment, and experience. The imagery was inspired by elements found in nature and discovering a digital reinvention of their form, color, and symmetry. Holly danger transforms ordinary spaces into moving experiences. She mixes natural and digital elements together, creating vibrantly colored, abstract, audiovisual art that is projected onto natural and architectural surroundings. Each work is a site-specific, one-of-a-kind experience that comes to life with the energy and presence of the viewer. On view in the museum's main gallery through sunday, may 30, let in, let go, explored the synchronization of video, art, light, and sound, and how it relates to emotion, connection, and experience. The imagery was inspired by elements found in nature, and discovering a digital reinvention of their form, color, and symmetry. Educational programs the bruce museum's primary goal is to educate our visitors. The museum's audience engagement department tailors each learning experience to match our targeted audience segments in the community. Highlights from the museum's educational programming and planning in 2020-21 include the following. As a result of the covid-19 pandemic, the bruce museum offered many programs and exhibitions via digital outlets, such as social media, websites, and e-newsletters. Through these means, the staff had 66,922 digital interactions with supporters and followers of the bruce museum. The statistics below provide total program visits or views for each digital outlet over the course of fy21. Youth and family programs provide opportunities for intergenerational groups to interact in an informal learning environment and create enriching experiences outside of a school environment for children, with or without their caregivers. Total number of people reached through youth and family programs: 78 programs offered with 3,786 visitor interactions. Spanish family programming despite another fiscal year being affected by the covid-19”
“Recovery of uncollectible pledges 129,614.”
“Bmi has an audit committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”
“Pursuant to an agreement between bruce museum, inc. ("bmi") and the town of greenwich (the "town"), the town retains title of the museum facilities and the collections. The collections consists of 19th and 20th century american and european paintings, sculptures graphics as well as world-class minerals and wildlife specimens. The museum also has collections of pre-columbian, native american, and asian art.”
“Bmi maintains various donor-restricted and board-designated funds whose purpose is to provide long term support for the museum's mission and charitable programs.”
“Bmi recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that bmi had no uncertain tax positions that would require financial statement recognition or disclosure. For information returns, bmi is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to years ending june 30, 2018.”
“Special events expenses reported on part viii, line 8b 249,628. Cost of goods sold reported on part viii, line 10b 93,600. Recovery of uncollectible pledges report on part ix, line 9 129,614.”
“Special events expenses reported on part viii, line 8b 249,628. Cost of goods sold reported on part viii, line 10b 93,600.”
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/ActivityOrMissionDesc | 0 | THE BRUCE MUSEUM'S EXHIBITIONS AND EDUCATIONAL PROGRAMS ADVANCE THE UNDERSTANDING OF ART AND SCIENCE. |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 4 | CT |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 19032 |
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| IRS990/Desc | 0 | THE BRUCE MUSEUM OFFERED A VARIETY ART AND SCIENCE EXHIBITIONS IN 2020-2021 THAT EDUCATED AND ENGAGED OUR DIVERSE, COMMUNITY AUDIENCE. EACH EXHIBITION FEATURED WORLD-CLASS ART, OBJECTS AND ARTIFACTS THAT FOCUSED ON THE NEEDS AND INTERESTS OF OUR VISITORS AND OUR SURROUNDING COMMUNITY. SEE SCHEDULE O FOR A LIST OF THE EXHIBITIONS THAT TOOK PLACE IN 2020-2021. |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | VICKI NETTER FITZGERALD |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | JOHN IPPOLITO |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.