The Barnes Foundation EIN 23-6000149

The Barnes Foundation

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Teaches visual literacy and shares art, ideas, and histories through inclusive cultural experiences. For fiscal year 2025 it reported $33.7M in revenue, $30.1M in expenses, and $245.0M in net assets.Pt I

Founded
1922
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Philadelphia, PA
Website
www.barnesfoundation.org
Filings
5 on file (2020–2025)
Revenue
$33.7MFY2025
Expenses
$30.1M
Net assets
$245.0M
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-6000149 Public charity (501(c)(3)) Philadelphia, PA Founded 1922
Form 990 (PDF)
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Figures match the IRS filing checked 8/7/26 · see original: IRS
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Size
$10–100M
What they do
Teaches visual literacy and shares art, ideas, and histories through inclusive cultural experiences.
Leadership
Thomas Collins · Executive Director & President · $630K
Money in and out
$33.7M revenue, $30.1M expenses
Bottom line
71% program efficiency
Where the money goes · FY2025
Total revenue
$33.7M
Pt VIII · Ln 12
Total expenses
$30.1M
Pt IX · Ln 25
Net assets
$245.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.7M
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.16 Fundraising $0.13
Program efficiency
71%
of spending reaches programs
Operating runway
65.5mo
months of highly liquid reserves at operating expense rate▲ +42% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +154% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$33.7M
FY2025▲ +27%
Expenses
$30.1M
FY2025▼ -6%
Total assets
$247.7M
FY2025▲ +5%
Total liabilities
$2.6M
FY2025▲ +14%
Total revenue
$33.7M
Pt VIII · Ln 12
Total expenses
$30.1M
Pt IX · Ln 25
Net assets
$245.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.7M
Total assetsPt X · Ln 16$247.7M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services account for $10.8M of program spending, described in the organization's own filed words · FY2024.
01

Visitor Experience

The barnes foundation presents a dynamic program of permanent and temporary exhibits with special exhibitions expanding upon the permanent collection and creating fresh opportunities for visitor engagement.

$4.8Mprogram expense
02

Research and Collection

The barnes art collection is comprised of over 8,000 works of fine and decorative arts, including paintings, frames, works on papers, furniture and decorative metalwork. The barnes engages in active stewardship through collection care, conservation and research of its permanent collection.

$3.4Mprogram expense
03

Education and Community Programs

The barnes continues to build on the founding principal of making art and cultural learning accessible to all. Adult education classes, school programs and community engagement are among the diverse onsite and offsite programing offered through the year.

$2.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Barnes Foundation
EINHdr · item D23-6000149
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jwww.barnesfoundation.org
Year of formationHdr · item L1922
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A510)
Ruling yearIRS BMFFeb 1923

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director & President
$630,263Pt VII · Sec A
Dep Dir for Advancement
$339,420Pt VII · Sec A
Chief Operating Officer
$327,630Pt VII · Sec A
Dep Dir, Gen Counsel, Secretary
$290,171Pt VII · Sec A
Dep Dir for Collections
$238,372Pt VII · Sec A
CFO, Asst. Treasurer
$231,839Pt VII · Sec A
Chief Technology Officer
$218,049Pt VII · Sec A
SR Dir of Ops & Grounds
$214,457Pt VII · Sec A

Thomas Collins’s $630K as Executive Director & President is at the 88th percentile of top reported officer pay among 749 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Thomas Collins$630,263$565,836$528,817$501,102$396,365
Nina Diefenbach$339,420$342,728$342,830$332,348$312,425
William Cary$327,630$275,830
Sara Geelan$290,171$284,703$279,731$256,017$236,957
Nancy Ireson PHD$238,372$234,169
Margaret B Zminda$234,456$215,226$187,488
Maryanne Murphy$231,839$88,866
Sheronda Whitaker$226,755$184,802$160,435$141,137

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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Statement of Revenue

Part VIII
Contributions & grants$20.2M · 60%
Investment income$7.2M · 21%
Program service revenue$3.9M · 11%
Other revenue$2.5M · 7%
Contributions & grants60%$20.2M
Investment income21%$7.2M
Program service revenue11%$3.9M
Other revenue7%$2.5M
— government grantsLn 1e$99K
Total revenueLn 12$33.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.16 Fundraising $0.13
Program services71%$21.4M
Management & general16%$4.9M
Fundraising13%$3.8M
Total functional expensesLn 25$30.1M

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$247.7M
Total liabilitiesLn 26$2.6M
Total net assetsLn 32$245.0M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $149.7M · Operating expenses (Pt IX) $30.1M · Less non-cash grants $2.6M · Cash operating expenses/yr $27.4M
65.5 months
Where the money goes
Program services
Program services $21.4M · Total expenses $30.1M
71%
Management & General
Management & general $4.9M · Total expenses $30.1M
16%
Fundraising
Fundraising $3.8M · Total expenses $30.1M
13%
Cost to raise $1
Fundraising expense (3-yr avg) $3.0M · Solicited contributions (3-yr avg) $15.1M
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $20.2M · Total revenue $33.7M
60%
Government reliance
Government grants $99K · Total revenue $33.7M
0.3%
Earned-income share
Program service revenue $3.9M · Total revenue $33.7M
11%
Investment reliance
Investment income $7.2M · Total revenue $33.7M
+21%
Program self-sufficiency
Program service revenue $3.9M · Total expenses $30.1M
13%
Growth & trend
Revenue growth (YoY)
This year $33.7M · Prior year $26.7M
+27%
Revenue CAGR
FY2020 $21.2M · FY2024 $33.7M
+12%
Net-asset trend (YoY)
End of year $245.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $33.7M · Expenses $30.1M
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $247.7M
Net-asset ratio
Net assets $245.0M · Total assets $247.7M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $120.4M · Other securities (Pt X, ln 12) $27.6M · Total assets (Pt X, ln 16) $247.7M
60%
People & payroll
Highest Reported Total Compensation
Individual Thomas Collins · Reported title EXECUTIVE DIRECTOR & PRESIDENT · Highest reported compensation $630K · Total expenses $30.1M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $15.1M · Total expenses $30.1M
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 16%
Fundraising cost ratio 19%
Revenue growth 27%
Investment management fee ratio 0.1%
Legal fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 9 grants · $381K · 2023–2024
Unitemized GrantFY2024$74,520
Whyy INCPA · FY2024$15,000
Unitemized GrantFY2023$102,450
Smith Memorial PlaygroundsPA · FY2023$53,000
Clay StudioPA · FY2023$33,000
Whyy INCPA · FY2023$20,000
The Fund for the Water WorksPA · FY2023$14,927

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$33.7M revenue · viewing · ⤓ 990 PDF
FY2024$26.7M revenue · ⤓ 990 PDF
FY2023not on file
FY2022$36.1M revenue · ⤓ 990 PDF
FY2021$34.8M revenue · ⤓ 990 PDF
FY2020$21.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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