Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1963.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
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
38 people listed on the 990; $1.2M paid to officers and key staff.
Jonathan Binstock’s $376K as Vradenburg Director & CEO is at the 60th 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dorothy Kosinski | — | $366,781 | $386,045 | $329,843 | $324,685 | $350,306 |
| Jonathan Binstock | $375,556 | $301,894 | — | — | — | — |
| Cheryl Nichols | $182,109 | $187,502 | $151,576 | $131,860 | $119,988 | $120,496 |
| Klaus Ottmann | — | — | — | $184,877 | $176,532 | $171,385 |
| Elizabeth Racheva | $168,664 | — | — | — | — | — |
| Michele Winkler Thomas | — | $107,719 | $151,464 | $150,619 | $130,642 | — |
| Wendy Ponvert | — | — | $145,904 | $135,093 | $126,626 | $110,767 |
| Yuma I Tomes | $137,541 | $130,617 | $121,312 | — | — | — |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Showcases modern and contemporary art alongside diverse live music performances, art tours, and community programs to connect visual art with the performing arts.
Questions for The Phillips Collection
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The phillips collection remained engaged with our audiences, despite closures and scaled back visitation, through digital programs and social media, as well as a newly launched online e-commerce museum shop in november 2020, a newly designed website in december 2020, and a new cultural arts partnership in march 2020 with bloomberg…
Development and presentation of special exhibitions including works from the museum's own holdings, loans from individuals and other institutions, and collaborations with other venues. Highlights from FY21 included: celebrating women artists in the phillips collection featuring works by women artists from the phillips's permanent…
Management and maintenance of the museum's permanent collection of nearly 6,000 works was originally created beginning in 1913 by duncan phillips and later his wife marjorie phillips and opened to the public in 1921 as the nation's first museum of modern and contemporary art.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $572K |
| InvestmentsLn 11–13 | $73.1M | $92.6M |
| Land, buildings, equipmentLn 10c | $31.6M | $30.7M |
| Total assetsLn 16 | $115.6M | $133.8M |
| LiabilitiesLn 26 | $14.8M | $13.5M |
| Net assetsLn 32 | $100.8M | $120.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $887K | $639K | $111K | $137K |
| Other salaries and wagesLn 7 | $4.9M | $3.9M | $172K | $807K |
| Pension plan contributionsLn 8 | $213K | $147K | $12K | $54K |
| Other employee benefitsLn 9 | $667K | $503K | $21K | $143K |
| Payroll taxesLn 10 | $516K | $385K | $29K | $102K |
| Accounting feesLn 11c | $21K | $21K | ||
| Lobbying feesLn 11d | $18K | $18K | ||
| Investment management feesLn 11f | $202K | $202K | ||
| Other fees for servicesLn 11g | $778K | $602K | $29K | $147K |
| Advertising and promotionLn 12 | $265K | $255K | $10K | |
| Office expensesLn 13 | $767K | $612K | $55K | $100K |
| Information technologyLn 14 | $368K | $272K | $61K | $34K |
| RoyaltiesLn 15 | $408 | $408 | ||
| OccupancyLn 16 | $605K | $261K | $335K | $9K |
| TravelLn 17 | $34K | $26K | $8K | $282 |
| InterestLn 20 | $460K | $345K | $101K | $14K |
| Depreciation, depletion and amortizationLn 22 | $1.3M | $883K | $359K | $35K |
| InsuranceLn 23 | $273K | $253K | $17K | $3K |
| Other expenses (24a–d)Ln 24 | $842K | $787K | $6K | $49K |
| Total functional expensesLn 25 | $13.1M | $9.9M | $1.5M | $1.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $26.6M | $17.4M | $9.2M | $125.4M | 990 PDF |
| FY2024 | $13.7M | $17.3M | −$3.7M | $121.6M | 990 PDF |
| FY2023 | $21.3M | $16.6M | $4.7M | $120.5M | 990 PDF |
| FY2022 | $15.6M | $16.1M | −$474K | $113.3M | 990 PDF |
| FY2021 Viewing | $17.8M | $13.1M | $4.7M | $120.3M | 990 PDF |
| FY2020 | $10.5M | $13.9M | −$3.4M | $100.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $17,753,788 revenue, 12 lines filed
Part VI · Governance 30 of 30 board members independent, 1 to look at
Part VIII · Statement of revenue $17,753,788 across 13 lines filed
Part IX · Statement of functional expenses $13,060,797 across 19 lines filed
Part X · Balance sheet $133,843,436 assets, 19 lines filed
Part XI · Reconciliation of net assets $120,308,525 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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