Florence Griswold Museum INC

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To promote the understanding of connecticut's contribution to american art and history through public exhibitions and educational programs.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Run by 198 volunteers and 25 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.1M a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$430K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
13 mo
of spending, in cash
Plus $22.7M in investments, Pt X · Ln 11–13
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$840K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
-50% vs prior year
Spent
$4.6M
To programs
64%
Net assets
$36.3M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.9M
FY2022$11.2M
FY2023$6.7M
FY2024$3.3M
Expenses
$4.6M
FY2024▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$3.3M
FY2022$4.4M
FY2023$5.6M
FY2024$4.6M
Net assets
$36.3M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$29.7M
FY2021$32.0M
FY2022$34.0M
FY2023$35.5M
FY2024$36.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $2.9M Management & general 21% · $968K Fundraising 15% · $694K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $430K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$195,829Pt VII · Sec A
Director of Education & Ou
$118,700Pt VII · Sec A
Director of Development
$115,855Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Joshua Campbell Torrance’s $196K as Executive Director is at the 83rd percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joshua Campbell Torrance$195,829$164,423———
Rebekah Beaulieu——$113,413$160,930$160,000
David Rau$118,700$117,239$113,429$107,801$107,150
Matt Strekel$115,855$118,189$114,488$108,807$108,150
Wilfred Cote——$25,371$93,445$92,880
Barry Adams—$84,902$59,714——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Florence Griswold Museum INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Showcases Connecticut's art and history through exhibits and education.

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3 programs · $2.9M · in their own filed words · FY2024
01

Collections and exhibitions- curatorial care, conservation, acquisition, and presentation of the museum's art and historical collections.

$1.4Mprogram expense
02

Visitor services- operation of the florence griswold museum, an accredited museum of american art & history, with a year round schedule of public exhibitions and educational programs. The number of people that were benefited during the year totaled 36,350.

$891Kprogram expense
03

Educational programs- art and history programs for the public. The number of people that were benefited during the year totaled 14,282

$670Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$894K
Fees for servicesLn 2g$486K
Money outPt IX
$4.6M
Ln 25
Programscol B$2.9M
Managementcol C$968K
Fundraisingcol D$694K
Owns and owesPt X
$36.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$37.1M
LiabilitiesLn 26$840K
PeoplePt VI, VII
29
listed · VII A
PaidVII A3
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$133K
Noncash giftsLn 1g$199K
Fundraising eventsLn 1c$221K
Fees for servicesLn 2g$486K
Investment incomeLn 3$894K
Other incomeLn 4–11$227K
Gains on assetsLn 7$243K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$3.9M
Cash and savings togetherLn 1–2$5.0M
InvestmentsLn 11–13$22.7M
Land, buildings, equipmentLn 10c$6.2M
Other assetsLn 15$124K
Total assetsLn 16$37.1M
LiabilitiesLn 26$840K
Net assetsLn 32$36.3M
OperationsPt I, VI
EmployeesI 525
VolunteersI 6198
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$199K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$84K
Share of the $23.0M endowmentSch D 1g0.37%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$23.0M$21.9M$20.3M$24.1M$21.5M
Given inLn 1b$200K$815K$30K
SpentLn 1d–1f$1.9M$1.7M$1.2M$647K$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$655K$5.0M
InvestmentsLn 11–13$24.8M$22.7M
Land, buildings, equipmentLn 10c$6.3M$6.2M
Total assetsLn 16$35.9M$37.1M
LiabilitiesLn 26$419K$840K
Net assetsLn 32$35.5M$36.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$206K$49K$156K
Other salaries and wagesLn 7$1.2M$705K$218K$296K
Pension plan contributionsLn 8$48K$24K$10K$13K
Other employee benefitsLn 9$96K$47K$23K$25K
Payroll taxesLn 10$118K$64K$29K$25K
Legal feesLn 11b$55K$55K
Accounting feesLn 11c$130K$130K
Investment management feesLn 11f$84K$84K
Other fees for servicesLn 11g$125K$77K$23K$25K
Advertising and promotionLn 12$118K$95K$4K$20K
Office expensesLn 13$273K$181K$53K$38K
Information technologyLn 14$65K$44K$9K$12K
OccupancyLn 16$604K$387K$87K$130K
TravelLn 17$34K$27K$3K$4K
Depreciation, depletion and amortizationLn 22$484K$435K$35K$14K
InsuranceLn 23$77K$49K$11K$16K
Other expenses (24a–d)Ln 24$874K$760K$38K$75K
Total functional expensesLn 25$4.6M$2.9M$968K$694K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $3.3M$4.6M−$1.3M$36.3M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $6.7M$5.6M$1.1M$35.5M 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $11.2M$4.4M$6.8M$34.0M 990 PDF
FY2021Filed with the IRS Oct 5, 2022 $2.9M$3.3M−$460K$32.0M 990 PDF
FY2020Filed with the IRS Jul 27, 2021 $2.4M$2.9M−$499K$29.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,316,214 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,406,097$1,708,502
I-9 Program service revenuePrior year $442,610$486,157
I-10 Investment incomePrior year $3,832,929$894,468
I-11 Other revenuePrior year −$6,555$227,087
I-12 Total revenuePrior year $6,675,081$3,316,214
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,758,108$1,686,627
I-16a Professional fundraising feesPrior year $67,500$0
I-17 Other expensesPrior year $3,734,821$2,922,146
I-18 Total expensesPrior year $5,560,429$4,608,773
I-19 Revenue less expensesPrior year $1,114,652−$1,292,559
Part VI · Governance 26 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,316,214 across 12 lines filed
Lines not itemized here account for $175,917 of total revenue; see the IRS return.
VIII-1b Membership dues$337,336
VIII-1c Fundraising events$220,639
VIII-1e Government grants$132,897
VIII-1f All other contributions, gifts and grants$1,017,630
VIII-1g Noncash contributions (included above)$198,817
VIII-1h Total contributions, gifts and grants$1,708,502
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $486,157$486,157
VIII-3 Investment incomeExcluded from tax $651,488$651,488
VIII-7 Net gain or loss on sales of assetsExcluded from tax $242,980$242,980
VIII-8 Net income from fundraising eventsExcluded from tax −$44,384−$44,384
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $95,554$95,554
VIII-12 Total revenueRelated to mission $486,157 · Unrelated business $0 · Excluded from tax $1,121,555$3,316,214
Part IX · Statement of functional expenses $4,608,773 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,349 · Management $156,271$205,620
IX-7 Other salaries and wagesPrograms $705,142 · Management $217,508 · Fundraising $296,481$1,219,131
IX-8 Pension plan contributionsPrograms $24,461 · Management $9,963 · Fundraising $13,290$47,714
IX-9 Other employee benefitsPrograms $47,466 · Management $22,785 · Fundraising $25,461$95,712
IX-10 Payroll taxesPrograms $63,969 · Management $29,421 · Fundraising $25,060$118,450
IX-11b Legal feesManagement $55,000$55,000
IX-11c Accounting feesManagement $129,695$129,695
IX-11f Investment management feesManagement $83,864$83,864
IX-11g Other fees for servicesPrograms $77,327 · Management $23,216 · Fundraising $24,704$125,247
IX-12 Advertising and promotionPrograms $94,687 · Management $3,922 · Fundraising $19,509$118,118
IX-13 Office expensesPrograms $181,101 · Management $53,322 · Fundraising $38,315$272,738
IX-14 Information technologyPrograms $44,477 · Management $8,709 · Fundraising $11,724$64,910
IX-16 OccupancyPrograms $387,427 · Management $87,275 · Fundraising $129,782$604,484
IX-17 TravelPrograms $26,790 · Management $3,034 · Fundraising $4,207$34,031
IX-22 Depreciation, depletion and amortizationPrograms $434,809 · Management $35,204 · Fundraising $13,750$483,763
IX-23 InsurancePrograms $49,111 · Management $11,063 · Fundraising $16,452$76,626
IX-24 Other expenses (24a–d)Programs $760,260 · Management $38,041 · Fundraising $75,369$873,670
IX-25 Total functional expensesPrograms $2,946,376 · Management $968,293 · Fundraising $694,104$4,608,773
Part X · Balance sheet $37,145,927 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $547,008$1,097,259
X-2 Savings and temporary cash investmentsStart of year $108,452$3,939,340
X-3 Pledges and grants receivableStart of year $3,801,442$2,674,439
X-8 Inventories for sale or useStart of year $170,907$195,466
X-9 Prepaid expenses and deferred chargesStart of year $85,751$141,895
X-10c Land, buildings and equipment, netStart of year $6,282,675$6,234,643
X-11 Publicly traded securitiesStart of year $24,800,611$22,738,948
X-15 Other assetsStart of year $127,438$123,937
X-16 Total assetsStart of year $35,924,284$37,145,927
X-17 Accounts payable and accrued expensesStart of year $105,289$576,217
X-19 Deferred revenueStart of year $232,991$194,823
X-25 Other liabilitiesStart of year $80,992$68,638
X-26 Total liabilitiesStart of year $419,272$839,678
X-27 Net assets without donor restrictionsStart of year $22,310,940$20,025,272
X-28 Net assets with donor restrictionsStart of year $13,194,072$16,280,977
X-32 Total net assets or fund balancesStart of year $35,505,012$36,306,249
X-33 Total liabilities and net assetsStart of year $35,924,284$37,145,927
Part XI · Reconciliation of net assets $36,306,249 net assets at year end
XI-1 Total revenue$3,316,214
XI-2 Total expenses$4,608,773
XI-3 Revenue less expenses−$1,292,559
XI-4 Net assets at start of year$35,505,012
XI-5 Net unrealized gains (losses) on investments$2,093,796
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,306,249

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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