Civic Intelligence

Telfair Museum of Art Inc

EIN 58-0610074 • 501(c)3 • Savannah, GA

View Organization Page

Profile

To achieve our mission of offering compelling expressions of visual culture, we concentrate on four areas:1) collections - architectural landmarks and focused art collections that reflect a history of embracing contemporary visual culture;2) education - programs and activities for adults and children that serve as catalysts for creativity and learning;3) exhibitions - presentations of regional, national, and international significance that provide access to art of diverse eras and cultures; &4) community engagement - partnerships and initiatives that strengthen ties to diverse audiences and encourage active engagement in community life.

PO Box 10081Savannah, GA 31412

www.telfair.org

Siviq Scores

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

Liabilities / Assets

14th percentile

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.11x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

55th percentile

6.3%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$192,820

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

32nd percentile

1.2%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$62,369,455

Up $769,668 (+1.2%) from 2023

Liabilities

Up

$1,120,180

Up $36,397 (+3.4%) from 2023

Net Assets

Up

$61,249,275

Up $733,271 (+1.2%) from 2023

Operations
Liabilities / Revenue23rd percentileNet Margin55th percentile

Revenue

Up

$9,841,959

Up $2,117,980 (+27%) from 2023

Expenses

Up

$9,223,136

Up $606,486 (+7.0%) from 2023

Net Income

Up

$618,823

Up $1,511,494 (+169%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

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

$80M$60M$40M$20M$0Assets 2010: $52,509,080Liabilities 2010: $7,640,338Net Assets 2010: $44,868,7422010Assets 2011: $49,913,220Liabilities 2011: $6,283,322Net Assets 2011: $43,629,8982011Assets 2012: $50,903,879Liabilities 2012: $6,431,440Net Assets 2012: $44,472,4392012Assets 2013: $56,055,753Liabilities 2013: $6,548,926Net Assets 2013: $49,506,8272013Assets 2014: $58,049,972Liabilities 2014: $6,537,632Net Assets 2014: $51,512,3402014Assets 2015: $56,275,668Liabilities 2015: $6,531,715Net Assets 2015: $49,743,9532015Assets 2016: $55,970,562Liabilities 2016: $6,471,454Net Assets 2016: $49,499,1082016Assets 2017: $58,317,175Liabilities 2017: $6,494,594Net Assets 2017: $51,822,5812017Assets 2018: $54,882,497Liabilities 2018: $6,796,638Net Assets 2018: $48,085,8592018Assets 2019: $59,625,875Liabilities 2019: $4,488,260Net Assets 2019: $55,137,6152019Assets 2020: $63,112,056Liabilities 2020: $3,436,953Net Assets 2020: $59,675,1032020Assets 2021: $65,681,011Liabilities 2021: $2,358,221Net Assets 2021: $63,322,7902021Assets 2022: $59,685,824Liabilities 2022: $1,447,933Net Assets 2022: $58,237,8912022Assets 2023: $61,599,787Liabilities 2023: $1,083,783Net Assets 2023: $60,516,0042023Assets 2024: $62,369,455Liabilities 2024: $1,120,180Net Assets 2024: $61,249,2752024

Highlighted filing

2024

Assets$62,369,455
Liabilities$1,120,180
Net Assets$61,249,275
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,400,9452010Expenses 2011: $5,325,4332011Revenue 2012: $4,452,487Expenses 2012: $4,857,797Net Income 2012: -$405,3102012Revenue 2013: $6,831,609Expenses 2013: $5,381,947Net Income 2013: $1,449,6622013Revenue 2014: $7,437,475Expenses 2014: $5,437,082Net Income 2014: $2,000,3932014Revenue 2015: $5,009,403Expenses 2015: $5,579,968Net Income 2015: -$570,5652015Revenue 2016: $5,406,922Expenses 2016: $5,981,607Net Income 2016: -$574,6852016Revenue 2017: $6,568,407Expenses 2017: $6,217,237Net Income 2017: $351,1702017Revenue 2018: $6,710,737Expenses 2018: $6,544,468Net Income 2018: $166,2692018Revenue 2019: $9,976,075Expenses 2019: $6,734,636Net Income 2019: $3,241,4392019Revenue 2020: $7,859,124Expenses 2020: $5,608,917Net Income 2020: $2,250,2072020Revenue 2021: $7,397,922Expenses 2021: $5,997,515Net Income 2021: $1,400,4072021Revenue 2022: $10,178,446Expenses 2022: $7,779,429Net Income 2022: $2,399,0172022Revenue 2023: $7,723,979Expenses 2023: $8,616,650Net Income 2023: -$892,6712023Revenue 2024: $9,841,959Expenses 2024: $9,223,136Net Income 2024: $618,8232024

Highlighted filing

2024

Revenue$9,841,959
Expenses$9,223,136
Net Income$618,823
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$62,369,455
Liabilities
$1,120,180
Net assets
$61,249,275
Revenue
$9,841,959
Expenses
$9,223,136
Net income
$618,823
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.4$1.12$61.2$9.84$9.22$0.62
2023Summary only. Only limited summary data is available for this year.$61.6$1.08$60.5$7.72$8.62$0.89
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.7$1.45$58.2$10.2$7.78$2.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.7$2.36$63.3$7.40$6.00$1.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.1$3.44$59.7$7.86$5.61$2.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.6$4.49$55.1$9.98$6.73$3.24
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.9$6.80$48.1$6.71$6.54$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.3$6.49$51.8$6.57$6.22$0.35
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.0$6.47$49.5$5.41$5.98$0.57
2015Summary only. Only limited summary data is available for this year.$56.3$6.53$49.7$5.01$5.58$0.57
2014Summary only. Only limited summary data is available for this year.$58.0$6.54$51.5$7.44$5.44$2.00
2013Detailed filing. Detailed filing data is available for this year.$56.1$6.55$49.5$6.83$5.38$1.45
2012Summary only. Only limited summary data is available for this year.$50.9$6.43$44.5$4.45$4.86$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.9$6.28$43.6$5.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.5$7.64$44.9$6.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$26,140,552
Mission and Program Overview

Mission

To achieve our mission of offering compelling expressions of visual culture, we concentrate on four areas:1) collections - architectural landmarks and focused art collections that reflect a history of embracing contemporary visual culture;2) education - programs and activities for adults and children that serve as catalysts for creativity and learning;3) exhibitions - presentations of regional, national, and international significance that provide access to art of diverse eras and cultures; &4) community engagement - partnerships and initiatives that strengthen ties to diverse audiences and encourage active engagement in community life.

The telfair museum of art offers compelling expressions of visual culture - embracing three unique buildings and three distinct collections that bridge three centuries of art and architecture. The museum develops awareness, understanding, and appreciation of the arts and serves as a dynamic cultural center connecting people of all ages and backgrounds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,134,631$24,774,374▲ $639,743
Investments in Publicly Traded Securities$25,384,472$24,020,241▼ $1,364,231
Investments Other Securities$8,037,384$9,110,633▲ $1,073,249
Pledges and Grants Receivable$1,337,473$1,200,226▼ $137,247
Prepaid Expenses and Deferred Charges$478,535$958,677▲ $480,142
Cash and Non-Interest-Bearing Accounts$511,175$695,089▲ $183,914
Inventories for Sale or Use$81,274$114,428▲ $33,154
Accounts Receivable$79,017$73,945▼ $5,072
Total Assets$61,599,787$62,369,455▲ $769,668
Other Assets Total$1,555,826$1,421,842▼ $133,984
Liabilities
Accounts Payable and Accrued Expenses$677,914$631,489▼ $46,425
Deferred Revenue$405,869$488,691▲ $82,822
Total Liabilities$1,083,783$1,120,180▲ $36,397
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,209,682$36,850,735▼ $358,947
Net Assets With Donor Restrictions$23,306,322$24,398,540▲ $1,092,218
Total Net Assets Fund Balance$60,516,004$61,249,275▲ $733,271
Total Liabilities and Net Assets / Fund Balance$61,599,787$62,369,455▲ $769,668

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,403,938$11,443,892$33,847,830
Equipment$1,071,656$4,306,211$5,377,867
Land$1,254,866-$1,254,866
Other Land Buildings$43,914-$43,914
Other Securities$9,110,633--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$33,676,000$183,000▲ $4,488,000$4,989,000$33,358,000
2023$31,854,000$185,000▲ $4,450,000$2,813,000$33,676,000
2022$34,988,000$1,152,000▼ $2,800,000$1,486,000$31,854,000
2021$31,321,657$125,884▲ $5,904,070$2,363,611$34,988,000
2020$30,102,170-▲ $3,337,695$2,118,208$31,321,657
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph RudderCFO/COOFT$186,446$6,374$192,820
Benjamin SimonsCEO/executive Director - FormerFT$156,433$1,940$158,373
David BrennemanCEO/executive DirectorFT$105,400$11,409$116,809

Board Members and Trustees

NameTitle
Josh KellerChairman
Susan WillettsCo-treasurer & Chair-elect
Swann SeilerImmediate Past Chair
Kendall M MccurryVice-chair
Tom ReillyVice-chair
Vincent WestVice-chair
Catherine V JohnstonTrustee
Cb Richardson IiiTrustee
Charles a HinnantTrustee
Courtland StevensTrustee
David C Johnson JrTrustee
Diane Vs LevyTrustee
Dolly R Chisholm EsqTrustee
John E Cay IvTrustee
Kerry BreitbartTrustee
Kimberly Ballard-washingtonTrustee
Kimberly SmithTrustee
Leda ChongTrustee
Leslie B LittlejohnTrustee
Lori JudgeTrustee
Marti B SullivanTrustee
Matthew a WestTrustee
Meredith R DulanyTrustee
Nancy Reardon-sayerTrustee
Pamela LewandaTrustee
Quentin L MarlinTrustee
Richard C KesslerTrustee
Roger Moss JrTrustee
Ronald GanttTrustee
Stephen D TaylorTrustee
Alan SheriffCo-treasurer
John J Neely IiiLegal Counsel
Rebecca G OgdenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,010,888
Program Service Revenue
$2,524,053
Investment Income
$4,393,895
Other Revenue
$-86,877
All Other Contributions
$1,892,620
Change in Net Assets
$618,823

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$86,098Fair Market Value
Total Noncash Contributions9$86,098-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,768,416
Revenue Not Reported on Financial Statements
$73,543
Revenue Not Reported on Form 990
$192,973
Other Revenue Adjustments
$-133,766
Total Revenue per Audited Statements
$9,961,389
Total Revenue per Form 990
$9,841,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,462,005
Salaries, Compensation, and Employee Benefits$3,761,131
Total Fundraising Expense$904,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,301,734$265,139$186,531$2,753,404
Occupancy$770,585$102,429$153,644$1,026,658
Depreciation Depletion$736,988$86,705$43,352$867,045
Fees for Services Other$444,662$65,021$82,973$592,656
Current Officers, Directors, Trustees, and Key Employees$231,832$112,070$112,069$455,971
Insurance$334,687$37,841$56,762$429,290
Other Employee Benefits$230,282$49,474$38,678$318,434
Advertising$193,204$28,406$46,066$267,676
Payroll Taxes$184,195$27,318$21,809$233,322
Office Expenses$114,900$63,956$52,818$231,674
Fees for Service Investment Mgmnt Fees-$207,309-$207,309
Information Technology$98,836$49,419$49,419$197,674
Other Expenses$79,211$629,333$47,726$126,937
Fees for Services Accounting-$64,630-$64,630
Fees for Services Legal-$16,845-$16,845
Travel$4,141$6,628$5,799$16,568
Conferences and Meetings$3,456$5,530$4,839$13,825
Total Functional Expenses$6,500,919$1,818,053$904,164$9,223,136

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,228,118
Total Expenses per Form 990$9,223,136
Expenses per Audited Statements$9,015,827
Expenses Not Reported on Form 990$212,291
Expenses Not Reported on Financial Statements$207,309
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$602,966
Fundraising Gross Income$72,284
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Telfair Ball$842,317$47,600$108,961$-61,361
Palette to Palate$20,720$18,220$1,181$17,039
Total Events$868,112$68,895$516,821$-447,926
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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 B, Line 11B

“Organization's process to review form 990: the cfo compares the form 990 to prior years as well as the audited financial statements before signing and filing the return. It is then presented to the executive committee of the board of trustees at the next available meeting.”

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

“Enforcement of conflicts policy: in accordance with the resolution and conflict of interest policy adopted by the board of trustees of telfair museum of art, inc., on june 23, 2008, trustees, officers, and committee members and any other person given the power to vote at board or board committee meetings are requested to complete the annual disclosure statement for the conflict of interest policy and return it promptly to the telfair museum of art, inc.”

Form 990, Part VI, Section B, Line 15

“The director of the telfair museum of art is reviewed by the executive committee on an annual basis. The review is presented to the director through the president of the board of trustees. The review is composed of the following steps: 1) the board chairperson solicits input on performance from members of the board; 2) the executive committee discusses the director's performance and recommends a salary for the following year; 3) once completed, the review and compensation recommendation is made available to the full board for review and approval. For all other paid officers (directors) and key employees of the museum, the director reviews the annual salary survey compiled by the association of art museum directors (aamd) and adjustments are made at the discretion of the director.”

Form 990, Part VI, Section C, Line 19

“Telfair museum of art makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The form 990 is also available at www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Telfair Museum of Art Inc
EIN
58-0610074
Phone
9127908874
Address
PO BOX 10081, SAVANNAH, GA 31412
Doing Business As
Telfair Museums

Signing Officer

Name
David Brenneman
Title
Executive Director/CEO
Phone
9127908874
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Brenneman
Formed
1920
Legal Domicile
Ga
Voting Board Members
31
Independent Board Members
31
Employees
92
Volunteers
100

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
100 RIVERVIEW DRIVE, SAVANNAH, GA 31404
Preparer
Anna Davis
Phone
9122348243
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Purchases for the collection, not capitalized -78,525.”

Financial Statement Notes

PART III, LINE 1A:

“Terms for not reporting assets per sfas 116 collections: the collections, which were acquired through purchases and contributions since the museum's inception, are not recognized as assets on the statements of financial position. The collections include two donated historic landmark homes, furnishings, paintings and fine and decorative art objects. All items in the collections are deemed inexhaustible assets. The board adheres to the association of art museum directors (aamd) guidelines and policies on deaccession and internal collections management. Unexpended proceeds from deaccessions are reflected in board-designated net assets until such time as proceeds are spent on new acquisitions.”

PART III, LINE 4:

“Collections and relation to exempt purpose: the collections include two historical homes, furnishings, paintings, and fine and decorative art objects.”

PART V, LINE 4:

“Intended uses for endowment funds: the museum's endowment consists of several funds established for a variety of purposes to include both income and collection purposes.”

PART X, LINE 2:

“The museum has been recognized by the internal revenue service (irs) as exempt from federal tax under section 501(c)(3) of the u.s. Internal revenue code, except for taxes on activities unrelated to its exempt purpose. Accordingly, no provision for income taxes has been made in the accompanying financial statements. Accounting principles generally accepted in the united states of america require management to evaluate the tax positions taken by the museum and recognize a tax liability (or asset) if the museum has an uncertain tax position that more likely than not would be sustained upon examination by the irs. Management has concluded that as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken by the museum that would require recognition of a liability (or asset) or disclosure in the financial statements. Management believes that it is no longer subject to income tax examinations for years beginning prior to 2021.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cogs on line 10b included in payroll expense in audited fs -133,766.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cogs on line 10b included in payroll expense in audited fs 133,766. Collection items purchased and not capitalized 78,525.”

Raw XML AppendixShowing 400 of 855 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE TELFAIR MUSEUM OF ART OFFERS COMPELLING EXPRESSIONS OF VISUAL CULTURE - EMBRACING THREE UNIQUE BUILDINGS AND THREE DISTINCT COLLECTIONS THAT BRIDGE THREE CENTURIES OF ART AND ARCHITECTURE. THE MUSEUM DEVELOPS AWARENESS, UNDERSTANDING, AND APPRECIATION OF THE ARTS AND SERVES AS A DYNAMIC CULTURAL CENTER CONNECTING PEOPLE OF ALL AGES AND BACKGROUNDS.
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IRS990/BooksInCareOfDetail/PhoneNum09127908874
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0TELFAIR MUSEUM OF ART INC PO BOX
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAVANNAH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
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IRS990/Desc0EXHIBITIONS - IN 2024, TELFAIR MUSEUMS PRESENTED 29 EXHIBITIONS, 26 OF WHICH WERE ORGANIZED BY TELFAIR STAFF. HIGHLIGHTS INCLUDE FRANK STEWART'S NEXUS, THE FIRST MUSEUM EXHIBITION OF PHOTOGRAPHER FRANK STEWART'S WORK; A MEASURE OF TIME: ANILA QUAYYUM AGHA, A PRESENTATION OF SCULPTURES AND MIXED MEDIA WORKS ON PAPER WITH A CROSS-CULTURAL REACH AND GLOBAL SCOPE; AND NORMAN ROCKWELL & PEERS: ILLUSTRATING CHILDHOOD, A CHRONICLE OF SOCIETAL TRANSFORMATIONS AND CHALLENGES THROUGH THE LENS OF ILLUSTRATION FOR MASS-PRODUCED PUBLICATIONS.
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