You’re viewing the FY2023 filing — not the latest on file.
See the latest (FY2025) →
Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1924.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? The org can add a note here. Claim this org to fix it.
Who runs it and what they're paid
47 people listed on the 990; $11.3M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Investment Officer
$1,110,792Pt VII · Sec A
Secretary of the Smithsonian
$861,379Pt VII · Sec A
Investment Officer
$680,092Pt VII · Sec A
Investment Officer
$625,494Pt VII · Sec A
Investment Officer
$612,491Pt VII · Sec A
Deputy Secretary & COO
$580,769Pt VII · Sec A
Director, Stri
$455,421Pt VII · Sec A
Dir, Hirshhorn Museum & Sculpture Garden
$435,857Pt VII · Sec A
Assistant Secretary for Advancement
$427,363Pt VII · Sec A
Under Sec for Science & Research
$422,915Pt VII · Sec A
Under Sec for History & Culture
$422,643Pt VII · Sec A
Under Sec for Fin/Admin & CFO
$417,084Pt VII · Sec A
President, Smithsonian Enterprises
$387,874Pt VII · Sec A
FMR, Act Under Sec Museums & Research/Provost
$365,033Pt VII · Sec A
FMR, Acting Under Sec. for Sci & Rsch
$299,111Pt VII · Sec A
General Counsel
$286,288Pt VII · Sec A
Asst Sec. for Comm/Ext Affairs & CMO
$273,141Pt VII · Sec A
Chief of Staff to the Regents
$251,361Pt VII · Sec A
Chief Financial Officer
$247,796Pt VII · Sec A
FMR, Dir of Equal Employment & Minority Affairs
$241,693Pt VII · Sec A
Inspector General
$233,481Pt VII · Sec A
FMR, Acting Asst Sec. for Advancement
$231,070Pt VII · Sec A
FMR, Chief Information Officer
$219,176Pt VII · Sec A
Director, Smithsonian Facilities
$215,593Pt VII · Sec A
FMR, Acting Asst Sec. for Comm/Ext Affairs
$213,882Pt VII · Sec A
General Counsel (acting)
$209,443Pt VII · Sec A
Inspector General (acting)
$197,538Pt VII · Sec A
FMR, Acting Under Sec. for Administration
$197,469Pt VII · Sec A
FMR Dir, Harvard-Smithsonian Center Astrophys
$176,004Pt VII · Sec A
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent (until 04/25/2023
$0Pt VII · Sec A
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Amy Chen | $738,911 | $1,147,877 | $1,110,792 | $778,762 | $673,679 | $662,776 |
| Lonnie G Bunch III | $960,266 | — | — | — | — | — |
| Mr Lonnie G Bunch III | — | $915,469 | $861,379 | $738,754 | $726,156 | $857,930 |
| Jeffrey Smith | $449,717 | $699,892 | $680,092 | $422,679 | $615,259 | $479,016 |
| Michael Giovenco | — | $647,978 | $625,494 | — | $530,390 | $404,477 |
| Meroe Park | $640,049 | $613,661 | $580,769 | $528,377 | $448,911 | — |
| Ryan Dotson | — | $573,416 | $612,491 | — | $472,123 | — |
| Carol Leblanc | $608,701 | $530,461 | $387,874 | $353,673 | $501,299 | $448,874 |
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.
See Smithsonian Institution executive salaries →Are you one of these people? Claim this org to confirm your role
Something off? The org can add a note here. Claim this org to fix it.
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
Operates world-class museums, research complexes, and national educational programs to preserve heritage and share knowledge globally.
Questions for Smithsonian Institution
Your first name shows with your question. Smithsonian Institution answers here, for everyone.
Provided by the organization
Know this organization? Claim it to add your story
3 programs · $1.2B · in their own filed words · FY2022
01
Research and collections (see schedule o)
$665.6Mprogram expense
02
Education, public programs and exhibitions (see schedule o)
$424.3Mprogram expense
03
Membership (see schedule o)
$120.2Mprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · received and paid
Grants received · FY2025
Catmosphere Foundation INCFY2025$2.5M
The Ayco Charitable FoundationFY2025$678K
Americana Corner LLCFY2025$250K
Hyde FoundationFY2025$100K
Via Art Fund INCFY2025$60K
National Film Preservation FoundationFY2025$43K
Give Back FoundationFY2025$27K
Total grants receivedfrom 16 funders$4.0M
Grants paid · 96 grants · $80.4M · 2019–2024
Unitemized GrantFY2024$14,345,407
Florida State UniversityFL · FY2024$100,000
President and Fellows of Harvard CollegeMA · FY2024$99,117
Tuskegee UniversityAL · FY2024$86,200
Texas Southern UniversityFY2024$63,700
Florida Agricultural and Mechanical University TermFL · FY2024$63,700
Jackson State UniversityMS · FY2024$63,700
Clark Atlanta University INCGA · FY2024$63,700
Montana State UniversityFY2024$30,863
Fisk UniversityTN · FY2024$20,500
Baylor UniversityTX · FY2024$11,975
Chicago Historical SocietyIL · FY2024$5,100
Unitemized GrantFY2023$13,800,101
President and Fellows of Harvard CollegeMA · FY2023$109,590
Tuskegee UniversityAL · FY2023$73,950
Texas Southern UniversityFY2023$63,700
Florida Agricultural and Mechanical University TermFL · FY2023$63,700
Jackson State UniversityMS · FY2023$63,700
By the numbers
The FY2023 990, line by line.
Download 990
1The main four
Money inPt VIII
$1.9B
Ln 12
Gifts and grantsLn 1h$1.6B
Fees for servicesLn 2g$110.7M
Other incomeLn 4–11$66.6M
Money outPt IX
$1.6B
Ln 25
Programscol B$1.2B
Managementcol C$315.1M
Fundraisingcol D$76.7M
Owns and owesPt X
$5.7B
net assets · Ln 32
Cash and savingsLn 1–2$1.2B
Total assetsLn 16$7.2B
LiabilitiesLn 26$1.5B
PeoplePt VI, VII
47
listed · VII A
PaidVII A29
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6B
Government grantsLn 1e$1.34B
Noncash giftsLn 1g$79.5M
Fundraising eventsLn 1c$5.4M
Fees for servicesLn 2g$110.7M
Investment incomeLn 3$59.9M
Other incomeLn 4–11$66.6M
Gains on assetsLn 7$35.7M
Total revenueLn 12$1.9B
Assets in detailPt X, end of year
CashLn 1$861.1M
SavingsLn 2$353.9M
Cash and savings togetherLn 1–2$1.2B
InvestmentsLn 11–13$2.61B
Land, buildings, equipmentLn 10c$2.96B
Other assetsLn 15$11.6M
Total assetsLn 16$7.2B
LiabilitiesLn 26$1.5B
Net assetsLn 32$5.7B
OperationsPt I, VI
EmployeesI 57,334
VolunteersI 6100,729
Fiscal year endsHeaderSeptember
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 FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.00B | $1.22B |
| InvestmentsLn 11–13 | $2.63B | $2.61B |
| Land, buildings, equipmentLn 10c | $2.84B | $2.96B |
| Total assetsLn 16 | $6.95B | $7.20B |
| LiabilitiesLn 26 | $1.54B | $1.51B |
| Net assetsLn 32 | $5.41B | $5.69B |
4Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $618K | $618K | ||
| Grants to domestic individualsLn 2 | $13.2M | $13.2M | ||
| Grants and assistance to foreign recipientsLn 3 | $2.9M | $2.9M | ||
| Pay of current officers, directors and key staffLn 5 | $10.5M | $2.4M | $7.5M | $510K |
| Pay of disqualified personsLn 6 | $2.1M | $772K | $1.0M | $287K |
| Other salaries and wagesLn 7 | $590.0M | $457.4M | $99.7M | $32.9M |
| Pension plan contributionsLn 8 | $63.4M | $36.5M | $26.8M | $44K |
| Other employee benefitsLn 9 | $99.8M | $70.8M | $20.8M | $8.2M |
| Payroll taxesLn 10 | $33.4M | $16.9M | $16.4M | $32K |
| Legal feesLn 11b | $366K | $266K | $81K | $18K |
| Accounting feesLn 11c | $869K | $869K | ||
| Professional fundraising feesLn 11e | $1.8M | $1.8M | ||
| Investment management feesLn 11f | $4.5M | $4.5M | ||
| Other fees for servicesLn 11g | $247.6M | $191.7M | $38.6M | $17.3M |
| Advertising and promotionLn 12 | $3.7M | $2.7M | $41K | $898K |
| Office expensesLn 13 | $45.9M | $31.8M | $8.8M | $5.3M |
| Information technologyLn 14 | $63.8M | $30.4M | $32.1M | $1.3M |
| RoyaltiesLn 15 | $825K | $260K | $552 | $565K |
| OccupancyLn 16 | $95.0M | $85.7M | $8.1M | $1.2M |
| TravelLn 17 | $15.5M | $13.8M | $643K | $1.0M |
| Conferences, conventions and meetingsLn 19 | $5.0M | $4.0M | $888K | $156K |
| InterestLn 20 | $8.8M | $842K | $7.8M | $217K |
| Depreciation, depletion and amortizationLn 22 | $197.0M | $158.6M | $38.0M | $414K |
| InsuranceLn 23 | $2.1M | $838K | $1.3M | $3K |
| Other expenses (24a–d)Ln 24 | $105.6M | $98.8M | $2.2M | $4.6M |
| All other expensesLn 24e | −$12.4M | −$11.2M | −$1.2M | $28K |
| Total functional expensesLn 25 | $1.60B | $1.21B | $315.1M | $76.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.9B | $1.7B | $210.1M | $6.5B | 990 PDF |
| FY2024 | $2.0B | $1.7B | $276.5M | $6.1B | 990 PDF |
| FY2023 Viewing | $1.9B | $1.6B | $274.7M | $5.7B | 990 PDF |
| FY2022 | $1.9B | $1.5B | $368.3M | $5.4B | 990 PDF |
| FY2021 | $1.8B | $1.4B | $388.6M | $5.5B | 990 PDF |
| FY2020 | $1.6B | $1.4B | $167.6M | $4.6B | 990 PDF |
Want to add your own materials alongside these filings? Claim this org
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 FY2023 990 (6 parts)
Part I · Summary $1,876,542,577 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,440,330,179$1,639,379,712
I-9 Program service revenuePrior year $92,495,451$110,685,734
I-10 Investment incomePrior year $269,279,800$59,876,906
I-11 Other revenuePrior year $53,877,616$66,600,225
I-12 Total revenuePrior year $1,855,983,046$1,876,542,577
I-13 Grants and similar amounts paidPrior year $17,565,171$16,736,496
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $748,449,680$799,079,583
I-16a Professional fundraising feesPrior year $2,292,446$1,783,493
I-17 Other expensesPrior year $719,339,140$784,197,474
I-18 Total expensesPrior year $1,487,646,437$1,601,797,046
I-19 Revenue less expensesPrior year $368,336,609$274,745,531
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
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 $1,876,542,577 across 16 lines filed
Lines not itemized here account for $44,100,077 of total revenue; see the IRS return.
VIII-1a Federated campaigns$36,330
VIII-1b Membership dues$26,699,264
VIII-1c Fundraising events$5,379,042
VIII-1d Related organizations$409,993
VIII-1e Government grants$1,337,296,650
VIII-1f All other contributions, gifts and grants$269,558,433
VIII-1g Noncash contributions (included above)$79,506,303
VIII-1h Total contributions, gifts and grants$1,639,379,712
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,709,990 · Excluded from tax $14,559,707$109,269,697
VIII-3 Investment incomeUnrelated business $2,230,640 · Excluded from tax $21,937,210$24,167,850
VIII-5 RoyaltiesExcluded from tax $8,744,219$8,744,219
VIII-6 Net rental income or lossExcluded from tax $8,745,212$8,745,212
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,861 · Excluded from tax $35,707,195$35,709,056
VIII-8 Net income from fundraising eventsExcluded from tax −$2,500,114−$2,500,114
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,241,192 · Unrelated business $7,661,279 · Excluded from tax −$1,975,603$8,926,868
VIII-12 Total revenueRelated to mission $141,874,463 · Unrelated business $10,070,576 · Excluded from tax $85,217,826$1,876,542,577
Part IX · Statement of functional expenses $1,601,797,046 across 26 lines filed
IX-1 Grants to domestic organizationsPrograms $617,653$617,653
IX-2 Grants to domestic individualsPrograms $13,238,423$13,238,423
IX-3 Grants and assistance to foreign recipientsPrograms $2,880,420$2,880,420
IX-5 Pay of current officers, directors and key staffPrograms $2,440,065 · Management $7,536,052 · Fundraising $510,076$10,486,193
IX-6 Pay of disqualified personsPrograms $771,924 · Management $1,028,869 · Fundraising $286,730$2,087,523
IX-7 Other salaries and wagesPrograms $457,395,022 · Management $99,716,339 · Fundraising $32,853,265$589,964,626
IX-8 Pension plan contributionsPrograms $36,483,309 · Management $26,841,824 · Fundraising $44,129$63,369,262
IX-9 Other employee benefitsPrograms $70,827,354 · Management $20,801,809 · Fundraising $8,175,313$99,804,476
IX-10 Payroll taxesPrograms $16,929,679 · Management $16,406,171 · Fundraising $31,653$33,367,503
IX-11b Legal feesPrograms $266,385 · Management $81,321 · Fundraising $18,212$365,918
IX-11c Accounting feesManagement $869,408$869,408
IX-11e Professional fundraising feesFundraising $1,783,493$1,783,493
IX-11f Investment management feesManagement $4,515,155$4,515,155
IX-11g Other fees for servicesPrograms $191,689,809 · Management $38,576,795 · Fundraising $17,284,467$247,551,071
IX-12 Advertising and promotionPrograms $2,718,937 · Management $40,927 · Fundraising $897,787$3,657,651
IX-13 Office expensesPrograms $31,822,962 · Management $8,833,598 · Fundraising $5,272,485$45,929,045
IX-14 Information technologyPrograms $30,420,901 · Management $32,094,936 · Fundraising $1,271,094$63,786,931
IX-15 RoyaltiesPrograms $260,093 · Management $552 · Fundraising $564,600$825,245
IX-16 OccupancyPrograms $85,662,436 · Management $8,129,990 · Fundraising $1,231,293$95,023,719
IX-17 TravelPrograms $13,833,073 · Management $643,123 · Fundraising $1,047,244$15,523,440
IX-19 Conferences, conventions and meetingsPrograms $3,987,173 · Management $887,724 · Fundraising $155,633$5,030,530
IX-20 InterestPrograms $841,657 · Management $7,767,972 · Fundraising $216,724$8,826,353
IX-22 Depreciation, depletion and amortizationPrograms $158,556,653 · Management $38,043,352 · Fundraising $413,729$197,013,734
IX-23 InsurancePrograms $838,085 · Management $1,280,480 · Fundraising $3,149$2,121,714
IX-24 Other expenses (24a–d)Programs $98,802,832 · Management $2,223,626 · Fundraising $4,563,459$105,589,917
IX-24e All other expensesPrograms −$11,217,547 · Management −$1,242,937 · Fundraising $28,127−$12,432,357
IX-25 Total functional expensesPrograms $1,210,067,298 · Management $315,077,086 · Fundraising $76,652,662$1,601,797,046
Part X · Balance sheet $7,198,888,846 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $845,280,151$861,134,110
X-2 Savings and temporary cash investmentsStart of year $158,647,491$353,902,694
X-3 Pledges and grants receivableStart of year $344,702,780$290,649,838
X-4 Accounts receivableStart of year $15,383,181$15,291,418
X-8 Inventories for sale or useStart of year $16,504,520$15,619,432
X-9 Prepaid expenses and deferred chargesStart of year $7,863,619$8,701,099
X-10c Land, buildings and equipment, netStart of year $2,836,265,466$2,962,397,098
X-11 Publicly traded securitiesStart of year $202,975$1,426,646
X-12 Other securitiesStart of year $2,626,748,576$2,607,781,410
X-14 Intangible assetsStart of year $91,375,098$70,336,620
X-15 Other assetsStart of year $10,086,159$11,648,481
X-16 Total assetsStart of year $6,953,060,016$7,198,888,846
X-17 Accounts payable and accrued expensesStart of year $277,383,954$270,834,736
X-19 Deferred revenueStart of year $744,897,810$750,396,555
X-20 Tax-exempt bond liabilitiesStart of year $90,814,091$88,810,231
X-25 Other liabilitiesStart of year $46,222,353$54,654,319
X-26 Total liabilitiesStart of year $1,542,889,062$1,509,141,868
X-27 Net assets without donor restrictionsStart of year $2,986,871,964$3,066,495,491
X-28 Net assets with donor restrictionsStart of year $2,423,298,990$2,623,251,487
X-32 Total net assets or fund balancesStart of year $5,410,170,954$5,689,746,978
X-33 Total liabilities and net assetsStart of year $6,953,060,016$7,198,888,846
Part XI · Reconciliation of net assets $5,689,746,978 net assets at year end
XI-1 Total revenue$1,876,542,577
XI-2 Total expenses$1,601,797,046
XI-3 Revenue less expenses$274,745,531
XI-4 Net assets at start of year$5,410,170,954
XI-5 Net unrealized gains (losses) on investments−$3,957,229
XI-8 Prior period adjustments$8,647,618
XI-9 Other changes in net assets$140,104
XI-10 Net assets at end of year$5,689,746,978
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
If you ARE the filing organization, claim this org and add context
Made it to the end? Claim this organization