THE PIERPONT MORGAN LIBRARY Charity Report

Public IRS 990 nonprofit record

THE PIERPONT MORGAN LIBRARY

EIN 13-1624146 · Education (B700)

What they do

Museum and Independent Research Library (see Schedule O)located In The Heart of New York City, The Morgan Library & Museum Began As The Personal Library of Financier, Collector, and Cultural Benefactor J. Pierpont Morgan (1837-1913). The Morgan Offers The Public Close Encounters With Great Works of Human Accomplishment In A Setting Treasured for Its Intimate Scale and Historic Significance. Its Collections of Manuscripts, Rare Books, Music, Drawings, and Other Works of Art Comprise A Unique Record of Civilization, As Well As An Incomparable Repository of Ideas and The Creative Process.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.60 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 leaders29 people are listed in the latest report.

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

Money made simple

60.57%of revenue went to mission work79.6% of expenses · Program services

5.88%of revenue went to fundraising7.7% of expenses

$76.11spent for every $100 of revenueRevenue covered expenses this year.

9.65%of revenue went to management and office costs12.7% of expenses

$10.65in assets for every $1 spent this yearSome assets cannot be spent right away.

52.7%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.

Pay context: The highest compensation shown in this filing is $896,039 for COLIN B BAILEY (DIRECTOR). 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$55,087,598

Mission workProgram services$33,368,25560.57% of revenue79.6% of expenses

ManagementOffice and general costs$5,317,2249.65% of revenue12.7% of expenses

FundraisingAsking for donations$3,240,6365.88% of revenue7.7% of expenses

Revenue left after expensesReported annual surplus$13,161,48323.89% of revenueShown in gray on the chart

Total expenses$41,926,11576.11% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 79.6% mission · 12.7% management · 7.7% fundraisingTotal expenses: 76.11% of revenue

2023Expense mix: 75.4% mission · 15.8% management · 8.8% fundraisingTotal expenses: 58.62% of revenue

2022Expense mix: 76.0% mission · 15.1% management · 8.9% fundraisingTotal expenses: 132.44% of revenue

2021Expense mix: 74.6% mission · 16.3% management · 9.1% fundraisingTotal expenses: 44.16% of revenue

2020Expense mix: 72.9% mission · 17.8% management · 9.3% fundraisingTotal expenses: 88.42% of revenue

2019Expense mix: 74.8% mission · 15.2% management · 9.9% fundraisingTotal expenses: 91.66% of revenue

2018Expense mix: 75.5% mission · 15.1% management · 9.4% fundraisingTotal expenses: 77.31% of revenue

2017Expense mix: 73.1% mission · 17.1% management · 9.8% fundraisingTotal expenses: 60.19% of revenue

Money in and money out

Revenue$55,087,598

Expenses$41,926,115

Annual surplus $13,161,483 Revenue was higher than expenses 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)$33,368,255 · 79.6% of expenses

Management and office costs$5,317,224 · 12.7% of expenses

Fundraising$3,240,636 · 7.7% of expenses

See all reported dollar amounts

Revenue$55,087,598

Expenses$41,926,115

Assets$446,582,375

Income$98,552,488

Contributions$29,030,601

Mission work (program services)$33,368,255

Fundraising$3,240,636

Management and general$5,317,224

Executive compensation (total)$1,562,813

Stocks and bonds$117,273,385

Accounting fees$79,067

Investing fees$524,615

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

COLIN B BAILEYDIRECTOR · 35 hrs/week $896,039Base $772,730 · Other $123,309

KRISTINA W STILLMANDIR. OF FIN./ADM & ASST. TREASURER · 35 hrs/week $421,701Base $345,857 · Other $75,844

JESSICA B LUDWIGDEPUTY DIR.& ASST.SECRETARY · 35 hrs/week $335,247Base $286,561 · Other $48,686

LAUREN STAKIAS TO 102024DIR. OF INSTITUTIONAL ADVANCEMENT · 35 hrs/week $268,766Base $243,799 · Other $24,967

MARY SCHLITZERCONTROLLER · 35 hrs/week $246,688Base $197,744 · Other $48,944

JOHN J MARCIARIDIR. OF CURATORIAL AFFAIRS · 35 hrs/week $239,035Base $203,203 · Other $35,832

MARIA FREDERICKSSHERMAN FAIRCHILD HEAD OF THAW CTR. · 35 hrs/week $215,683Base $169,460 · Other $46,223

GILBERT PARILLAENGINEER · 35 hrs/week $183,457Base $169,805 · Other $13,652

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 (29)

COLIN B BAILEYDIRECTOR

KRISTINA W STILLMANDIR. OF FIN./ADM & ASST. TREASURER

JESSICA B LUDWIGDEPUTY DIR.& ASST.SECRETARY

LAUREN STAKIAS TO 102024DIR. OF INSTITUTIONAL ADVANCEMENT

MARY SCHLITZERCONTROLLER

JOHN J MARCIARIDIR. OF CURATORIAL AFFAIRS

MARIA FREDERICKSSHERMAN FAIRCHILD HEAD OF THAW CTR.

GILBERT PARILLAENGINEER

PETER PENNOYERTRUSTEE

PATRICIA MORTONSECRETARY

MOHIT ASSOMULLTRUSTEE

JOSHUA W SOMMERTRUSTEE

MARTHA MCGARRY MILLERVICE PRESIDENT

MARTHA J FLEISCHMANTRUSTEE

RACHEL R STERNTRUSTEE

ROBERT KING STEELCO-PRESIDENT

SUSANNA BORGHESETRUSTEE

KATHARINE J RAYNERTRUSTEE

KAREN B COHENTRUSTEE

ALLISON BINNSTRUSTEE

JERKER M JOHANSSONTRUSTEE

GEORGE L K FRELINGHUYSENTREASURER

G SCOTT CLEMONSCO-PRESIDENT

FREDERICK J ISEMANTRUSTEE

ERIC L MOTLEYTRUSTEE

DONNA PERRET ROSENTRUSTEE

CLEMENT C MOORE IIVICE PRESIDENT

ANNETTE DE LA RENTATRUSTEE

ALYCE WILLIAMS TOONKTRUSTEE

About this charity

Recognized since: January 1925
Location: 225 Madison Avenue, New York, NY 10016
County: New York
In care of: Colin B Bailey
Primary officer: Colin B Bailey, Director

How to reach them

WebsiteVisit the charity’s website Phone(212) 685-0008

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: LUTZ AND CARR CPAS LLP
NTEE classification: Education (B700)