Smithsonian Institution FY2021 filing
Operates world-class museums, research complexes, and national educational programs to preserve heritage and share knowledge globally. For fiscal year 2021 it reported $1.8B in revenue, $1.4B in expenses, and $5.5B in net assets.Pt I
- Founded
- 1846
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Washington, DC
- Website
- www.si.edu
- Filings
- 5 on file (2020–2021)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Lonnie G Bunch III’s $960K as Secretary of the Smithsonian is at the 68th percentile of top reported officer pay among 53 $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 | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Amy Chen | $738,911 | $1,147,877 | $1,110,792 | $778,762 | $673,679 | — |
| Lonnie G Bunch III | $960,266 | — | — | — | — | — |
| Mr Lonnie G Bunch III | — | $915,469 | $861,379 | $738,754 | $726,156 | — |
| Mr Lonnie G Bunch III | — | — | — | — | — | $857,930 |
| Jeffrey Smith | $449,717 | $699,892 | $680,092 | $422,679 | $615,259 | — |
| Amy Chen | — | — | — | — | — | $662,776 |
| Michael Giovenco | — | $647,978 | $625,494 | — | $530,390 | — |
| Meroe Park | $640,049 | $613,661 | $580,769 | $528,377 | $448,911 | — |
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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Where the work happens
Research and collections (see schedule o)
Education, public programs and exhibitions (see schedule o)
Membership (see schedule o)
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 68% | — | — |
| Overhead ratio | 27% | — | — |
| Fundraising cost ratio | 4% | — | — |
| Revenue growth | 16% | — | — |
| Investment management fee ratio | 0.05% | — | — |
| Legal fee ratio | 0.02% | — | — |
| Accounting fee ratio | 0.09% | — | — |
| Fundraising fee ratio | 0.1% | — | — |
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
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Filings & Schedule Manifest
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Sources
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