TAUBMAN MUSEUM OF ART Charity Report

Public IRS 990 nonprofit record

TAUBMAN MUSEUM OF ART

EIN 54-6026841 · Arts, Culture & Humanities (A510)

What they do

THE TAUBMAN MUSEUM of ARTS MISSION is to BRING PEOPLE and ART TOGETHR for DISCOVERY, LEARNING, and ENJOYMENT. SERVING THE DIVERSE COMMUNITIES of OUR REGION, THE TAUBMAN MUSUEM of ART ENGAGES ALL AUDIENCES THROUGH THE CELEBRATION and ENJOYMENT of THE CREATIVE PROCESS. IT is COMMITTED to EXCELLENCE IN ITS COLLECTION, SCHOLARSHIP, EDUCATION, and CREATIVE ACTIVITIES. OUR EMPHASIS is ON AMERICAN ART and REGIONAL CULTURE. THE INSTITUTE of ART SPECIALIZES IN THE EXHIBITION, EDUCATION, and SCHOLARSHIP of 19TH and 20TH CENTURY AMERICAN ART.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.50 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 leaders25 people are listed in the latest report.

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

Money made simple

109.46%of revenue went to mission work78.5% of expenses · Program services

10.97%of revenue went to fundraising7.9% of expenses

$139.42spent for every $100 of revenueSpending was higher than revenue this year.

18.98%of revenue went to management and office costs13.6% of expenses

$11.80in assets for every $1 spent this yearSome assets cannot be spent right away.

26.6%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 $1,766,910 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $365,920 for CINDY PETERSEN (EXECUTIVE DI). 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$4,482,482

Mission workProgram services$4,906,542109.46% of revenue78.5% of expenses

ManagementOffice and general costs$850,96418.98% of revenue13.6% of expenses

FundraisingAsking for donations$491,88610.97% of revenue7.9% of expenses

Total expenses$6,249,392139.42% 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: 78.5% mission · 13.6% management · 7.9% fundraisingTotal expenses: 139.42% of revenue

2023Expense mix: 72.1% mission · 21.9% management · 6.0% fundraisingTotal expenses: 137.22% of revenue

2022Expense mix: 74.0% mission · 20.2% management · 5.8% fundraisingTotal expenses: 182.76% of revenue

2021Expense mix: 65.5% mission · 18.2% management · 16.2% fundraisingTotal expenses: 111.13% of revenue

2020Expense mix: 64.1% mission · 19.1% management · 16.8% fundraisingTotal expenses: 113.31% of revenue

2019Expense mix: 65.5% mission · 18.8% management · 15.7% fundraisingTotal expenses: 33.85% of revenue

2018Expense mix: 70.5% mission · 15.4% management · 14.1% fundraisingTotal expenses: 140.57% of revenue

2017Expense mix: 70.7% mission · 15.8% management · 13.5% fundraisingTotal expenses: 71.03% of revenue

Money in and money out

Revenue$4,482,482

Expenses$6,249,392

Annual shortfall $1,766,910 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)$4,906,542 · 78.5% of expenses

Management and office costs$850,964 · 13.6% of expenses

Fundraising$491,886 · 7.9% of expenses

See all reported dollar amounts

Revenue$4,482,482

Expenses$6,249,392

Assets$73,735,756

Income$8,379,925

Contributions$1,191,875

Mission work (program services)$4,906,542

Fundraising$491,886

Management and general$850,964

Stocks and bonds$34,737,160

Accounting fees$145,794

Investing fees$178,160

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

CINDY PETERSENEXECUTIVE DI · 50 hrs/week $365,920Base $332,615 · Other $33,305

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 (25)

CINDY PETERSENEXECUTIVE DI

KENT GREENAWALTTRUSTEE

WILLIAM J LEMONSECRETARY

TAMMY FINLEYTRUSTEE

STEVE STRAUSSTRUSTEE

SANDRA LOVINGUTH PHDTRUSTEE

RUSS ELLETTTRUSTEE

NICK TAUBMANCHAIR EMERIT

NICK CONTELEGAL

MITCHELL S KANEFFTRUSTEE

MARY DYKSTRA HAGMAIERTRUSTEE

LUTHERIA SMITHTRUSTEE

LEON HARRISVICE CHAIR

LARRY JACKSONTRUSTEE

ANNETTE LEWISTRUSTEE

KATHERIN ELAMTRUSTEE

JOHN FISHWICK JRCHAIR

JOANNE L CASSULLOTRUSTEE

JENNY TAUBMANTRUSTEE

ELDA STANCO-DOWNEY PHDTRUSTEE

ED C HALLTRUSTEE

DR BOB TRESTMANTRUSTEE

DAVID WINETREASURER

CHARLOTTE PORTERFIELDTRUSTEE

BETSY BUMGARNERTRUSTEE

About this charity

Recognized since: January 1954
Location: 110 SALEM AVE SE, ROANOKE, VA 24011-1410
County: Roanoke (city)
In care of: CINDY PETERSEN
Primary officer: CINDY PETERSEN, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(540) 342-5760

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CAMPBELL & LINEBERRY PC
NTEE classification: Arts, Culture & Humanities (A510)