Montclair Art Museum: FY2020 Nonprofit Profile & Form 990 (EIN 22-1487582)

Ira Wagner’s $119K as Executive Director is at the 47th 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 · 2 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Lora S Urbanelli	—	—	—	—	—	$145,308
Ira Wagner	$119,084	$120,042	$123,764	$130,000	$82,767	—

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.

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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

Inspires community through art exhibitions, education, and collections of American and Native American art.

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3 programs · $3.1M · in their own filed words · FY2019

01

Education

The museum offers a diverse schedule of programs designed to engage a broad range of audiences. Through an active schedule of lectures, gallery tours and interdisciplinary presentations of music, dance, film and literature, the museum provides visitors with accessible and unique opportunities to learn about art.

$1.6Mprogram expense

02

Curatorial

The montclair art museum inspires and enriches the lives of over 60,023 visitors through exhibitions held at the museum or self-organized nationally traveling special exhibitions. The museum's publications often accompany these exhibitions.

$1.3Mprogram expense

03

Membership

The montclair art museum includes more than 1,969 member households. Members have access to exclusive programs and events and also enjoy discounts from the art school. The museum also enjoys the active service of 238 volunteers who make profound contributions by working as stewards on the board of trustees, as assistants in the studios…

$181Kprogram 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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$231K

Henry Luce Foundation INCFY2024$200K

National Philanthropic TrustFY2024$128K

Vanguard Charitable Endowment ProgramFY2024$93K

McMullen Family FoundationFY2024$90K

Donor Advised Charitable Giving INCFY2024$35K

Jewish Community Foundation of Greater Metrowest NJFY2024$30K

Raymond James Charitable Endowment FundFY2024$28K

Total grants receivedfrom 23 funders$919K

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By the numbers

The FY2020 990, line by line.

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1The main four

Money inPt VIII

$4.1M

Ln 12

Gifts and grantsLn 1h$2.9M

Fees for servicesLn 2g$794K

Investment incomeLn 3$387K

Money outPt IX

$4.5M

Ln 25

Programscol B$3.3M

Managementcol C$615K

Fundraisingcol D$637K

Owns and owesPt X

$19.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.3M

Total assetsLn 16$23.0M

LiabilitiesLn 26$3.9M

PeoplePt VI, VII

45

listed · VII A

PaidVII A1

Voting boardVI 1a44

IndependentVI 1b44

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.9M

Government grantsLn 1e$299K

Noncash giftsLn 1g$46K

Fundraising eventsLn 1c$345K

Fees for servicesLn 2g$794K

Investment incomeLn 3$387K

Other incomeLn 4–11$36K

Gains on assetsLn 7$110K

Total revenueLn 12$4.1M

Assets in detailPt X, end of year

CashLn 1$950K

SavingsLn 2$1.4M

Cash and savings togetherLn 1–2$2.3M

InvestmentsLn 11–13$10.4M

Land, buildings, equipmentLn 10c$9.3M

Total assetsLn 16$23.0M

LiabilitiesLn 26$3.9M

Net assetsLn 32$19.1M

OperationsPt I, VI

EmployeesI 5126

VolunteersI 6275

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$955K	$2.3M
InvestmentsLn 11–13	$11.7M	$10.4M
Land, buildings, equipmentLn 10c	$9.7M	$9.3M
Total assetsLn 16	$23.3M	$23.0M
LiabilitiesLn 26	$3.9M	$3.9M
Net assetsLn 32	$19.4M	$19.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$15K	$15K
Pay of current officers, directors and key staffLn 5	$151K	$45K	$60K	$45K
Other salaries and wagesLn 7	$1.8M	$1.3M	$165K	$361K
Pension plan contributionsLn 8	$12K	$7K	$878	$3K
Other employee benefitsLn 9	$161K	$119K	$9K	$33K
Payroll taxesLn 10	$172K	$117K	$22K	$34K
Accounting feesLn 11c	$34K		$34K
Other fees for servicesLn 11g	$557K	$448K	$61K	$49K
Advertising and promotionLn 12	$63K	$59K	$184	$4K
Office expensesLn 13	$54K	$52K	$491	$2K
OccupancyLn 16	$393K	$348K	$27K	$18K
InterestLn 20	$122K		$122K
Depreciation, depletion and amortizationLn 22	$522K	$512K	$5K	$5K
InsuranceLn 23	$142K	$119K	$16K	$7K
Other expenses (24a–d)Ln 24	$263K	$167K	$22K	$74K
All other expensesLn 24e	$77K	$5K	$70K	$2K
Total functional expensesLn 25	$4.5M	$3.3M	$615K	$637K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$4.6M	$6.1M	−$1.5M	$18.7M	990 PDF
FY2024	$4.4M	$5.9M	−$1.5M	$20.2M	990 PDF
FY2023	$5.6M	$5.5M	$97K	$21.3M	990 PDF
FY2022	$7.9M	$5.2M	$2.7M	$20.5M	990 PDF
FY2021	$4.6M	$4.6M	−$2K	$20.1M	990 PDF
FY2020 Viewing	$4.1M	$4.5M	−$459K	$19.1M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $4,067,537 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,400,643$2,850,270

I-9 Program service revenuePrior year $949,748$794,212

I-10 Investment incomePrior year $571,775$387,300

I-11 Other revenuePrior year $387,682$35,755

I-12 Total revenuePrior year $4,309,848$4,067,537

I-13 Grants and similar amounts paidPrior year $16,620$14,879

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $2,571,401$2,282,099

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,341,726$2,229,457

I-18 Total expensesPrior year $4,929,747$4,526,435

I-19 Revenue less expensesPrior year −$619,899−$458,898

Part VI · Governance 44 of 44 board members independent, no flags

VI-1a Voting members of the governing body44

VI-1b Independent voting members44

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 $4,067,537 across 13 lines filed

Lines not itemized here account for $17,639 of total revenue; see the IRS return.

VIII-1b Membership dues$320,739

VIII-1c Fundraising events$345,166

VIII-1e Government grants$299,317

VIII-1f All other contributions, gifts and grants$1,885,048

VIII-1g Noncash contributions (included above)$46,477

VIII-1h Total contributions, gifts and grants$2,850,270

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $794,212$794,212

VIII-3 Investment incomeExcluded from tax $277,741$277,741

VIII-6 Net rental income or lossRelated to mission $3,453$3,453

VIII-7 Net gain or loss on sales of assetsExcluded from tax $109,559$109,559

VIII-8 Net income from fundraising eventsExcluded from tax $10,413$10,413

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,250$4,250

VIII-12 Total revenueRelated to mission $819,554 · Unrelated business $0 · Excluded from tax $397,713$4,067,537

Part IX · Statement of functional expenses $4,526,435 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $14,879$14,879

IX-5 Pay of current officers, directors and key staffPrograms $45,159 · Management $60,212 · Fundraising $45,159$150,530

IX-7 Other salaries and wagesPrograms $1,260,694 · Management $164,906 · Fundraising $361,246$1,786,846

IX-8 Pension plan contributionsPrograms $7,476 · Management $878 · Fundraising $3,346$11,700

IX-9 Other employee benefitsPrograms $118,684 · Management $8,916 · Fundraising $32,965$160,565

IX-10 Payroll taxesPrograms $117,218 · Management $21,558 · Fundraising $33,682$172,458

IX-11c Accounting feesManagement $34,467$34,467

IX-11g Other fees for servicesPrograms $447,645 · Management $61,153 · Fundraising $48,671$557,469

IX-12 Advertising and promotionPrograms $59,249 · Management $184 · Fundraising $3,898$63,331

IX-13 Office expensesPrograms $51,822 · Management $491 · Fundraising $1,915$54,228

IX-16 OccupancyPrograms $348,072 · Management $27,488 · Fundraising $17,769$393,329

IX-20 InterestManagement $121,977$121,977

IX-22 Depreciation, depletion and amortizationPrograms $511,874 · Management $5,223 · Fundraising $5,223$522,320

IX-23 InsurancePrograms $119,269 · Management $15,634 · Fundraising $7,011$141,914

IX-24 Other expenses (24a–d)Programs $167,383 · Management $21,857 · Fundraising $74,240$263,480

IX-24e All other expensesPrograms $5,047 · Management $70,305 · Fundraising $1,590$76,942

IX-25 Total functional expensesPrograms $3,274,471 · Management $615,249 · Fundraising $636,715$4,526,435

Part X · Balance sheet $23,018,765 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $243,271$950,220

X-2 Savings and temporary cash investmentsStart of year $712,218$1,353,620

X-3 Pledges and grants receivableStart of year $692,196$975,044

X-4 Accounts receivableStart of year $36,528$5,833

X-8 Inventories for sale or useStart of year $49,510$48,974

X-9 Prepaid expenses and deferred chargesStart of year $63,786$45,599

X-10c Land, buildings and equipment, netStart of year $9,740,652$9,258,622

X-11 Publicly traded securitiesStart of year $11,718,170$10,380,853

X-16 Total assetsStart of year $23,256,331$23,018,765

X-17 Accounts payable and accrued expensesStart of year $267,169$186,604

X-19 Deferred revenueStart of year $318,810$143,801

X-20 Tax-exempt bond liabilitiesStart of year $3,264,681$3,102,412

X-24 Unsecured notes and loans payableStart of year $19,760$14,820

X-25 Other liabilitiesStart of year $0$486,807

X-26 Total liabilitiesStart of year $3,870,420$3,934,444

X-27 Net assets without donor restrictionsStart of year $17,351,882$16,648,827

X-28 Net assets with donor restrictionsStart of year $2,034,029$2,435,494

X-32 Total net assets or fund balancesStart of year $19,385,911$19,084,321

X-33 Total liabilities and net assetsStart of year $23,256,331$23,018,765

Part XI · Reconciliation of net assets $19,084,321 net assets at year end

XI-1 Total revenue$4,067,537

XI-2 Total expenses$4,526,435

XI-3 Revenue less expenses−$458,898

XI-4 Net assets at start of year$19,385,911

XI-5 Net unrealized gains (losses) on investments$249,033

XI-7 Investment expenses−$91,725

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$19,084,321

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Montclair Art Museum FY2020 filing

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