PEABODY ESSEX MUSEUM INC Charity Report

Public IRS 990 nonprofit record

PEABODY ESSEX MUSEUM INC

EIN 04-3157815 · Arts, Culture & Humanities (A500)

What they do

PEM OFFERS THOUGHT-PROVOKING EXPERIENCES of THE ARTS, HUMANITIES, and SCIENCES to ACTIVATE UNDERSTANDING of OUR SHARED HUMANITY and to EMPOWER IMAGINATION and LEARNING THROUGH EXPERIMENTATION. WE STEWARD, BUILD, and MAKE OUR COLLECTIONS ACCESSIBLE to ENCOURAGE APPRECIATION of THE INTERCONNECTED HISTORIES and CREATIVITY of PEOPLE IN OUR COMPLEX, ALWAYS CHANGING WORLD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

142.22%of revenue went to mission work79.4% of expenses · Program services

12.35%of revenue went to fundraising6.9% of expenses

$179.12spent for every $100 of revenueSpending was higher than revenue this year.

24.54%of revenue went to management and office costs13.7% of expenses

$17.86in assets for every $1 spent this yearSome assets cannot be spent right away.

34.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $20,889,582 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $833,675 for LYNDA ROSCOE HARTIGAN (EXECUTIVE DIRECTOR AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$26,403,862

Mission workProgram services$37,552,368142.22% of revenue79.4% of expenses

ManagementOffice and general costs$6,480,68824.54% of revenue13.7% of expenses

FundraisingAsking for donations$3,260,38812.35% of revenue6.9% of expenses

Total expenses$47,293,444179.12% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.4% mission · 13.7% management · 6.9% fundraisingTotal expenses: 179.12% of revenue

2023Expense mix: 79.2% mission · 13.8% management · 7.0% fundraisingTotal expenses: 232.26% of revenue

2022Expense mix: 78.4% mission · 14.2% management · 7.4% fundraisingTotal expenses: 106.80% of revenue

2021Expense mix: 80.2% mission · 12.4% management · 7.4% fundraisingTotal expenses: 96.78% of revenue

2020Expense mix: 77.6% mission · 16.8% management · 5.7% fundraisingTotal expenses: 72.19% of revenue

2019Expense mix: 77.9% mission · 14.4% management · 7.8% fundraisingTotal expenses: 89.03% of revenue

2018Expense mix: 78.1% mission · 13.3% management · 8.5% fundraisingTotal expenses: 84.12% of revenue

2017Expense mix: 76.7% mission · 14.7% management · 8.5% fundraisingTotal expenses: 49.33% of revenue

Money in and money out

Revenue$26,403,862

Expenses$47,293,444

Annual shortfall $20,889,582 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$37,552,368 · 79.4% of expenses

Management and office costs$6,480,688 · 13.7% of expenses

Fundraising$3,260,388 · 6.9% of expenses

See all reported dollar amounts

Revenue$26,403,862

Expenses$47,293,444

Assets$844,676,616

Income$99,190,827

Contributions$8,972,691

Mission work (program services)$37,552,368

Fundraising$3,260,388

Management and general$6,480,688

Stocks and bonds$15,373,875

Accounting fees$149,092

Investing fees$1,933,053

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

LYNDA ROSCOE HARTIGANEXECUTIVE DIRECTOR AND CEO · 40 hrs/week $833,675Base $740,662 · Other $93,013

SUE KIMCHIEF PHILANTHROPY OFFICER · 40 hrs/week $401,707Base $390,000 · Other $11,707

KURT STEINBERGCHIEF OPERATING OFFICER · 40 hrs/week $374,691Base $319,278 · Other $55,413

GEVELYN R MCCASKILLCHIEF FINANCIAL OFFICER · 40 hrs/week $240,847Base $216,289 · Other $24,558

MARK DRAPERCONTROLLER AND DIRECTOR OF FINANCE · 40 hrs/week $210,701Base $163,635 · Other $47,066

PETRA S SLINKARDCURATOR OF FASHION & TEXTILES · 40 hrs/week $200,864Base $176,855 · Other $24,009

JOHN D CHILDSDIRECTOR OF COLLECTIONS · 40 hrs/week $196,647Base $173,878 · Other $22,769

DEREK C OBRIENCHIEF MARKETING OFFICER · 40 hrs/week $194,399Base $182,456 · Other $11,943

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (31)

LYNDA ROSCOE HARTIGANEXECUTIVE DIRECTOR AND CEO

SUE KIMCHIEF PHILANTHROPY OFFICER

KURT STEINBERGCHIEF OPERATING OFFICER

GEVELYN R MCCASKILLCHIEF FINANCIAL OFFICER

MARK DRAPERCONTROLLER AND DIRECTOR OF FINANCE

PETRA S SLINKARDCURATOR OF FASHION & TEXTILES

JOHN D CHILDSDIRECTOR OF COLLECTIONS

DEREK C OBRIENCHIEF MARKETING OFFICER

SMITA AMIN PATELTRUSTEE

MOLLY COOKTRUSTEE

S JASON BALETSATRUSTEE

JENNIFER BORGGAARDCHAIR

STEPHANIE BENENSONTRUSTEE

STUART PRATTPRESIDENT

SUNITA PEREIRA MDTRUSTEE

SYDNEY ATKINSTRUSTEE

TASNEEM CHIPTYTRUSTEE

KATE ONEILSECRETARY

23TRUSTEE

JEFFREY BEALEVICE CHAIR

JANE PAPPALARDOTRUSTEE

ELLEN G HOFFMANTRUSTEE

ELIZABETH DE MONTRICHARDTRUSTEE

DR LESLIE KING HAMMONDTRUSTEE

DR EDWARD G TIEDEMANN JRTRUSTEE

CLEMENT BENENSONTRUSTEE

CATHERINE CREIGHTONTRUSTEE

BRENDA FURLONGTREASURER

AUSTIN SHAPARDVICE PRESIDENT

ANDREW HEISKELLTRUSTEE

ANA B COLMENEROTRUSTEE

About this charity

Recognized since: January 1993
Location: 161 ESSEX ST, SALEM, MA 01970-3726
County: Essex
In care of: % CFO EAST INDIA SQ
Primary officer: GEVELYN MCCASKILL, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(978) 745-9500

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Arts, Culture & Humanities (A500)