Bruce Museum INC: Nonprofit Profile, Financials & Form 990 (EIN 23-7105904)

Revenue by fiscal year
FY2020	$8.1M
FY2021	$34.8M
FY2022	$14.1M
FY2023	$16.9M
FY2024	$10.7M
FY2024	$7.8M

Expenses by fiscal year
FY2020	$5.1M
FY2021	$5.3M
FY2022	$5.6M
FY2023	$8.4M
FY2024	$11.0M
FY2024	$11.3M

Net assets by fiscal year
FY2020	$40.3M
FY2021	$78.0M
FY2022	$77.0M
FY2023	$88.8M
FY2024	$92.2M
FY2024	$92.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1971.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

13%

Program services 78% · $8.8M Management & general 10% · $1.1M Fundraising 13% · $1.4M

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

47 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation

Robert Wolterstorff Former

Executive Director/CEO

$280,252Pt VII · Sec A

Whitney Rosenberg

Director of Development

$185,000Pt VII · Sec A

Carolyn Hamrak

CFO, Thru December 2024

$181,150Pt VII · Sec A

Anne Von Stuelpnagel

Director of Exhibitions

$119,633Pt VII · Sec A

Taylor Gray

Marketing

$112,453Pt VII · Sec A

Felipe Rogriguez

Security

$110,954Pt VII · Sec A

Margarita Karasoulas

Director of Art

$108,514Pt VII · Sec A

William Raymond

Director of Finance

$100,753Pt VII · Sec A

Robert Wolterstorff Former’s $280K as Executive Director/CEO is at the 96th 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 · 8 named individuals · Part VII

Name	FY2024	FY2024	FY2023	FY2022	FY2021	FY2020
Robert Wolterstorff Former	$280,252	—	—	—	—	—
Robert Wolterstorff	—	—	$262,500	$260,000	$265,000	$134,777
Robert Wolterstorff Executive Direc	—	$238,895	—	—	—	—
Peter Sutton	—	—	—	—	$128,735	$210,384
Whitney Rosenberg	$185,000	$171,538	$150,000	$132,500	$145,000	$127,962
Carolyn Hamrak	$181,150	$166,741	$78,237	—	—	—
Suzanne Lio	—	—	$160,401	$148,401	$132,440	$143,705
William F Ference	—	—	—	—	$137,840	$135,416

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

Cultivates discovery and wonder through art and science for a broad audience.

Provided by the organization

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1 program · $8.8M · in their own filed words · FY2024

01

The bruce museum, located in bruce park, overlooking the long island sound in greenwich, connecticut, harnesses the transformative potential of art and science to spark curiosity and connection.

$8.8Mprogram 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

W R Berkley Corporation Charitable FoundationFY2025$20K

Russell Colgate Fund INCFY2025$10K

Penn Oberlander Family FoundationFY2025$3K

Total grants receivedfrom 3 funders$33K

See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$7.8M

Ln 12

Gifts and grantsLn 1h$6.2M

Investment incomeLn 3$596K

Fees for servicesLn 2g$536K

Money outPt IX

$11.3M

Ln 25

Programscol B$8.8M

Managementcol C$1.1M

Fundraisingcol D$1.4M

Owns and owesPt X

$92.9M

net assets · Ln 32

Cash and savingsLn 1–2$3.3M

Total assetsLn 16$96.2M

LiabilitiesLn 26$3.3M

PeoplePt VI, VII

47

listed · VII A

PaidVII A10

Voting boardVI 1a37

IndependentVI 1b36

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.2M

Government grantsLn 1e$1.0M

Noncash giftsLn 1g$577K

Fundraising eventsLn 1c$807K

Fees for servicesLn 2g$536K

Investment incomeLn 3$596K

Other incomeLn 4–11$485K

Gains on assetsLn 7−$109K

Total revenueLn 12$7.8M

Assets in detailPt X, end of year

CashLn 1$1.0M

SavingsLn 2$2.2M

Cash and savings togetherLn 1–2$3.3M

InvestmentsLn 11–13$33.1M

Land, buildings, equipmentLn 10c$59.0M

Total assetsLn 16$96.2M

LiabilitiesLn 26$3.3M

Net assetsLn 32$92.9M

OperationsPt I, VI

EmployeesI 592

VolunteersI 6229

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.3M	$3.3M
InvestmentsLn 11–13	$31.4M	$33.1M
Land, buildings, equipmentLn 10c	$60.4M	$59.0M
Total assetsLn 16	$96.2M	$96.2M
LiabilitiesLn 26	$4.1M	$3.3M
Net assetsLn 32	$92.2M	$92.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$574K	$448K	$41K	$85K
Other salaries and wagesLn 7	$3.8M	$3.0M	$273K	$568K
Pension plan contributionsLn 8	$153K	$120K	$11K	$23K
Other employee benefitsLn 9	$607K	$473K	$43K	$90K
Payroll taxesLn 10	$429K	$335K	$31K	$64K
Legal feesLn 11b	$63K		$63K
Accounting feesLn 11c	$64K		$64K
Professional fundraising feesLn 11e	$69K			$69K
Investment management feesLn 11f	$107K		$107K
Other fees for servicesLn 11g	$722K	$490K	$77K	$155K
Advertising and promotionLn 12	$298K	$292K	$439	$6K
Office expensesLn 13	$641K	$433K	$87K	$121K
Information technologyLn 14	$137K	$108K	$17K	$12K
OccupancyLn 16	$420K	$364K	$43K	$13K
TravelLn 17	$60K	$58K	$206	$2K
Conferences, conventions and meetingsLn 19	$245K	$89K	$1K	$154K
InterestLn 20	$188K	$163K	$19K	$6K
Depreciation, depletion and amortizationLn 22	$1.5M	$1.3M	$153K	$48K
InsuranceLn 23	$65K	$50K	$9K	$6K
Other expenses (24a–d)Ln 24	$1.1M	$1.1M	$42K	$18K
Total functional expensesLn 25	$11.3M	$8.8M	$1.1M	$1.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$10.7M	$11.0M	−$289K	$92.2M	990 PDF
FY2023	$16.9M	$8.4M	$8.5M	$88.8M	990 PDF
FY2022	$14.1M	$5.6M	$8.6M	$77.0M	990 PDF
FY2021	$34.8M	$5.3M	$29.5M	$78.0M	990 PDF
FY2020	$8.1M	$5.1M	$3.0M	$40.3M	990 PDF

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Schedules filed Part IV

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

See the full FY2024 990 (6 parts)

Part I · Summary $7,770,928 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $8,855,733$6,154,793

I-9 Program service revenuePrior year $545,079$535,671

I-10 Investment incomePrior year $924,665$595,889

I-11 Other revenuePrior year $366,071$484,575

I-12 Total revenuePrior year $10,691,548$7,770,928

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 $5,190,857$5,585,545

I-16a Professional fundraising feesPrior year $5,025$69,432

I-17 Other expensesPrior year $5,784,196$5,622,412

I-18 Total expensesPrior year $10,980,078$11,277,389

I-19 Revenue less expensesPrior year −$288,530−$3,506,461

Part VI · Governance 36 of 37 board members independent, 1 to look at

VI-1a Voting members of the governing body37

VI-1b Independent voting members36

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $7,770,928 across 13 lines filed

Lines not itemized here account for $232,287 of total revenue; see the IRS return.

VIII-1b Membership dues$564,693

VIII-1c Fundraising events$806,757

VIII-1e Government grants$1,033,068

VIII-1f All other contributions, gifts and grants$3,750,275

VIII-1g Noncash contributions (included above)$577,400

VIII-1h Total contributions, gifts and grants$6,154,793

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $535,671$535,671

VIII-3 Investment incomeUnrelated business $2,493 · Excluded from tax $701,977$704,470

VIII-6 Net rental income or lossExcluded from tax $270,640$270,640

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$108,581−$108,581

VIII-8 Net income from fundraising eventsExcluded from tax −$42,694−$42,694

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $24,342$24,342

VIII-12 Total revenueRelated to mission $566,350 · Unrelated business $204,101 · Excluded from tax $845,684$7,770,928

Part IX · Statement of functional expenses $11,277,389 across 20 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $447,696 · Management $40,967 · Fundraising $85,262$573,925

IX-7 Other salaries and wagesPrograms $2,981,886 · Management $272,741 · Fundraising $567,643$3,822,270

IX-8 Pension plan contributionsPrograms $119,634 · Management $10,947 · Fundraising $22,784$153,365

IX-9 Other employee benefitsPrograms $473,491 · Management $43,327 · Fundraising $90,175$606,993

IX-10 Payroll taxesPrograms $334,639 · Management $30,622 · Fundraising $63,731$428,992

IX-11b Legal feesManagement $63,044$63,044

IX-11c Accounting feesManagement $64,089$64,089

IX-11e Professional fundraising feesFundraising $69,432$69,432

IX-11f Investment management feesManagement $107,008$107,008

IX-11g Other fees for servicesPrograms $489,941 · Management $76,884 · Fundraising $155,327$722,152

IX-12 Advertising and promotionPrograms $291,623 · Management $439 · Fundraising $5,598$297,660

IX-13 Office expensesPrograms $432,576 · Management $86,886 · Fundraising $121,144$640,606

IX-14 Information technologyPrograms $108,387 · Management $16,761 · Fundraising $11,527$136,675

IX-16 OccupancyPrograms $363,931 · Management $43,046 · Fundraising $13,445$420,422

IX-17 TravelPrograms $57,993 · Management $206 · Fundraising $2,047$60,246

IX-19 Conferences, conventions and meetingsPrograms $89,488 · Management $1,109 · Fundraising $154,218$244,815

IX-20 InterestPrograms $163,093 · Management $19,292 · Fundraising $6,026$188,411

IX-22 Depreciation, depletion and amortizationPrograms $1,295,860 · Management $153,283 · Fundraising $47,877$1,497,020

IX-23 InsurancePrograms $49,979 · Management $9,236 · Fundraising $5,652$64,867

IX-24 Other expenses (24a–d)Programs $1,056,238 · Management $41,641 · Fundraising $17,518$1,115,397

IX-25 Total functional expensesPrograms $8,756,455 · Management $1,081,528 · Fundraising $1,439,406$11,277,389

Part X · Balance sheet $96,211,219 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $1,212,987$1,045,899

X-2 Savings and temporary cash investmentsStart of year $1,136,714$2,208,399

X-3 Pledges and grants receivableStart of year $1,955,083$740,377

X-8 Inventories for sale or useStart of year $97,262$85,333

X-9 Prepaid expenses and deferred chargesStart of year $41,505$52,449

X-10c Land, buildings and equipment, netStart of year $60,412,294$59,024,459

X-11 Publicly traded securitiesStart of year $26,794,712$27,948,993

X-12 Other securitiesStart of year $4,586,987$5,105,310

X-16 Total assetsStart of year $96,237,544$96,211,219

X-17 Accounts payable and accrued expensesStart of year $404,861$361,843

X-19 Deferred revenueStart of year $187,236$120,663

X-26 Total liabilitiesStart of year $4,073,502$3,292,352

X-27 Net assets without donor restrictionsStart of year $59,141,825$57,001,725

X-28 Net assets with donor restrictionsStart of year $33,022,217$35,917,142

X-32 Total net assets or fund balancesStart of year $92,164,042$92,918,867

X-33 Total liabilities and net assetsStart of year $96,237,544$96,211,219

Part XI · Reconciliation of net assets $92,918,867 net assets at year end

XI-1 Total revenue$7,770,928

XI-2 Total expenses$11,277,389

XI-3 Revenue less expenses−$3,506,461

XI-4 Net assets at start of year$92,164,042

XI-5 Net unrealized gains (losses) on investments$4,265,786

XI-9 Other changes in net assets−$4,500

XI-10 Net assets at end of year$92,918,867

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

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