irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $47.03MACQUISITIONS AND SALES OF ART
- #2 $31.71MEDUCATION PROGRAMS, MUSEUM LIBRARIES, CONCERTS & LECTURES, AND DIGITAL MEDIA
named programs · 4 · from sources
What they call their work
Conservation and Scientific Research
Department dedicated to the study, preservation, and technical analysis of artworks using advanced scientific methods.
Exhibitions
Rotating exhibitions featuring major loans, traveling shows, and thematic presentations of art from around the world.
Provenance Research
Systematic review of the ownership history of artworks to ensure ethical collecting and transparency.
The Met Collection
Permanent collection of over 1.5 million works of art spanning 5,000 years and diverse cultures, displayed across two sites.
activities · 6 groups
What they do
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Archival Digitization and Preservation 2 activities
- Maintain and steward a global art collectionHolds and preserves a collection of more than 1.5 million objects representing over 5,000 years of global human history, supporting research, conservation, and public programming.
- Provide public access to art collections onlineMakes over 490,000 works from its collection accessible online to global audiences, expanding access beyond physical museum locations.
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Museum Volunteer Engagement & Operations Support 1 activity
- Engage volunteers in museum operations and visitor supportUtilizes volunteer assistance to support museum operations, including staffing information desks, libraries, events, and programs, as well as aiding curatorial and conservation staff in their work.
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Curated Art Exhibitions and Public Displays 1 activity
- Host art exhibitions spanning global cultures and 5,000 years of historyPresents rotating and permanent exhibitions featuring art from around the world, including ancient Egyptian artifacts, medieval art and architecture, and works spanning over 5,000 years, for public experience and enjoyment.
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Guided Historic Site Tours 1 activity
- Provide guided tours and gallery engagement programsDelivers guided tours and informal gallery engagements for school students and adult visitors, using researched artworks to make art accessible and inspiring. Tours are offered in eleven languages to support diverse audiences.
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Indigenous Land Acknowledgment Initiatives 1 activity
- Recognize Indigenous land and heritage through public installationsInstalled a plaque on the Fifth Avenue facade in May 2021 acknowledging Lenapehoking, the ancestral homeland of the Indigenous Lenape peoples, as part of public-facing historical recognition efforts.
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Uncategorized 1 activity
- Operate public museum locations in New York CityOperates two public museum locations: The Met Fifth Avenue at 1000 Fifth Avenue and The Met Cloisters at 99 Margaret Corbin Drive in Fort Tryon Park, both in New York City. The Fifth Avenue location is open Sunday through Tuesday and Thursday from 10:00–17:00, with extended hours until 21:00 on Fridays and Saturdays; The Cloisters is open Thursday through Tuesday, with both sites closed on Wednesdays and major holidays.
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financials · form 990 · fy2024
revenue
Total revenue$907.37M
Contributions & grants$356.45M39%
Program service revenue$4.22M0%
Investment income$520.35M57%
Other revenue$26.35M
expenses
Total expenses$502.04M
Program expenses57%
Admin / overhead38%
Fundraising5%
Salaries & benefits$251.62M
Grants paid out$2.32M
Largest expense lineCompensation
balance sheet
Total assets$6.43B
Cash$29.50M
Investments$5.63B
Liabilities$657.78M
Net assets$5.77B
Liquid reserves135.2 mo
6 years on record · 2019–2024 · YoY revenue +30.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 19
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Lauren A Meserve | SVP & CHIEF INVESTMENT OFFICER | 35 | $2.18M |
| Max Hollein | Director & CEO | 35 | $1.87M |
| Lawrence Choi | SENIOR INVESTMENT OFFICER | 35 | $1.23M |
| Kenly Voght | SENIOR INVESTMENT OFFICER | 35 | $1.16M |
| Jameson Kelleher | COO, CFO AND TREASURER | 35 | $865K |
| Whitney Donhauser | DEP DIR & CHF ADVANCEMENT OFF | 35 | $669K |
| Sharon H Cott | SVP,SECRTRY&GEN.CNSL to 4/1/25 | 35 | $599K |
| Quincy Houghton | DEP DIR FOR EXH & INT'L INITIA | 35 | $496K |
| Daniel H Weiss | PRESIDENT AND CEO TO 6/30/23 | 35 | $492K |
| Stephen Martin Mannello | Head of Retail & Global Licens | 35 | $491K |
| Kenneth Weine | SVP & CHF COMM OFF TO 12/31/23 | 35 | $474K |
| Andrea Bayer | DEPUTY DIR, COLLECTIONS/ADMIN | 35 | $457K |
| David Breslin | Curator in Charge | 35 | $456K |
| Kerry Mullins | CHIEF HR OFFICER | 35 | $442K |
| Jhaelen Hernandez Eli | VP, CAPITAL PROJECTS To 1/3/25 | 35 | $441K |
| Inka Drogemuller | DEP DIR FOR AUDIENCE ENGAGEMEN | 35 | $439K |
| Steven R Ryan | CHIEF TECHNOLOGY OFFICER | 35 | $433K |
| Rishi Agnani | Deputy Chief Human Resources | 35 | $417K |
| H Sujin Kim | DEP GEN CNSL & ASST SECRECTARY | 35 | $366K |
board members · 6
- Adrienne Adams — Ex-Officio Trustee
- Aerin Lauder — Elective Trustee
- Alejandro Santo Domingo — Elective Trustee
- Amanda Davis Lister — Elective Trustee
- Amy Griffin — Elective Trustee
- Andrew M Saul — Elective Trustee
relationships · 9
Who they work with
- BitPay Partner — Partner for accepting cryptocurrency donations.
- Kwoma people Partner — Displays a ceremonial house ceiling created by the Kwoma people as part of its collection
- Lenape diaspora Government — Recognizes the Met's location in Lenapehoking, the homeland of the Lenape diaspora, through a public plaque and land acknowledgment.
- The Cloisters Partner — Operates The Met Cloisters as a branch location for the display of medieval art.
- The Met Cloisters Partner — Operates as a branch location dedicated to the art and architecture of medieval Europe
- The Met Cloisters Partner — Operates as a branch of The Metropolitan Museum of Art focused on medieval art
- The Met Cloisters Partner — Operates in coordination with The Metropolitan Museum of Art as a branch focused on medieval art and architecture.
- The Temple of Dendur Partner — Displays the Temple of Dendur as part of its permanent collection
- Yombe-Kongo artist and nganga (ritual specialist) Partner — Collaborates with or acknowledges the cultural origin of the Mangaaka Power Figure through inclusion and attribution
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community Inclusion through Volunteer Engagementmethodology: community-engagement-through-volunteerismBy training and engaging a diverse volunteer corps, the museum builds community ownership and broadens public connection to art, because inclusive participation lowers barriers and strengthens local ties through personal interaction.
- Global Cultural Convening and Scholarly Exchangemethodology: global_cultural_conveningBy facilitating major loans, traveling exhibitions, conservation training, and international scholarly collaboration, the museum amplifies global cultural dialogue, because acting as a hub for exchange elevates access, preservation, and mutual understanding across borders.
- Immersive Historical and Cultural Contextualizationmethodology: immersive_historical_displayBy reconstructing and displaying art within authentic architectural and cultural environments, the museum deepens public understanding and engagement, because experiential immersion fosters more meaningful connections to historical and global contexts.