irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $5.09MLibrary and Museum Services: The Morgan Library & Museum is one of nineteen independent research libraries in the United States and, as such, makes its collections available to qualified researchers for study on-site in the Sherman Fairchild Reading Room and the Drawing Study Center. An online catalog of the collections is accessible at www.themorgan.org and assists researchers both on-and off-site. Active digitization and publication programs help to extend the reach of the Morgan's scholarly services and support study of the collections.The Morgan has had professional paper and book conservation facilities since the 1950s, when they were among the first such labs in the United States. The Morgan's conservation facilities (continued on Schedule O) were dramatically enhanced with the 2002 completion of the Thaw Conservation Center. The Morgan's conservators oversee the preservation of the collections and also undertake surveys and treatment projects of discrete collection areas. The collections consist almost entirely of works on paper and related porous supports (vellum, parchment, papyri), and the conservators have developed special expertise in the conservation, restoration, and repair of such objects. Both a working and teaching facility, the Thaw Center receives requests for assistance from institutions in the United States and abroad. It offers fellowships in conservation techniques and practices.
- #2 $4.51MPublic Programs: During fiscal year 2025, the Morgan offered a variety of programs to both onsite and online visitors. This included 44 programs for adults onsite, attracting 5,571 attendees to a diverse array of lectures, concerts, performances, symposia, conversations, workshops, festivals, films, and tours. Additionally, 505 daily highlights and special exhibition tours drew a total of 11,814 people. Online programs continued with 26 programs, attracting 2,547 attendees worldwide to short courses, lectures, and discussions. The Morgan's school programs offered both in-person and virtual activities, engaging 7,855 participants in K-12 student and teacher programs; 3,503 participants in family and 37 teen programs; and 322 college students, spanning diverse communities.
named programs · 4 · from sources
What they call their work
Exhibitions
Curates and presents temporary exhibitions drawn from the Morgan’s collections and international loans, covering topics in literature, art, music, and history.
Library and Museum Services
Provides on-site access to rare collections for qualified researchers through the Sherman Fairchild Reading Room and Drawing Study Center; maintains an online catalog and conducts digitization and conservation efforts via the Thaw Conservation Center.
Public Programs
Offers lectures, concerts, symposia, workshops, tours, and family programs both onsite and online, engaging thousands of adults, students, and families annually.
School Programs
Provides in-person and virtual educational activities for K-12 students, teachers, families, and college students, focusing on the Morgan’s collections and exhibitions.
activities · 8 groups
What they do
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Equitable Access Admission Programs 2 activities
- Deliver accessibility services for visitors with disabilitiesOffers discounted admission ($13) for visitors who self-identify as disabled and complimentary admission for their caretakers. Provides large-print labels, assisted listening devices, accessible audio guides via Bloomberg Connects, and guided or self-guided tours upon request for adults with disabilities.
- Offer free and reduced-cost admission programsProvides free public admission every Friday evening from 5 to 8 PM with advance reservations, free admission to college students on the first Sunday of each month, and free access to historic rooms on select days. These initiatives aim to broaden public access to the museum’s collections and exhibitions.
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Guided Historic Site Tours 2 activities
- Offer public educational programs and guided toursProvides in-person and virtual guided tours led by museum educators, lasting approximately one hour and covering the Morgan’s history, architecture, collections, and special exhibitions. Hosts lectures, concerts, discussions, and family/teen programs both onsite and online.
- Provide public access to historic buildings and garden spacesReopens the Morgan Garden annually for public access from May through October (Fridays–Sundays) and offers free public access to J. Pierpont Morgan’s historic library rooms on Tuesdays and Sundays from 3 to 5 PM. Maintains the original library as an ongoing exhibition space.
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Historic Building Restoration and Preservation 1 activity
- Advance conservation knowledge through fellowships and institutional supportProvides conservation fellowships and responds to preservation assistance requests from cultural institutions across the United States and internationally, contributing to broader capacity building in the field of cultural heritage preservation.
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Archaeological and Cultural Conservation 1 activity
- Conserve and preserve works on paper and related materialsOperates a professional conservation laboratory dedicated to the preservation, restoration, and repair of works on paper, vellum, parchment, and papyri, including treatment and survey projects for the Morgan’s collections.
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Curated Art Exhibitions and Public Displays 1 activity
- Curate and host exhibitions of rare books, manuscripts, drawings, and artOrganizes temporary and rotating exhibitions from its permanent collections and external loans, covering topics such as storytelling, religious texts, individual artists (e.g., Caravaggio, Lisa Yuskavage, Sol LeWitt), and historical figures (e.g., Jane Austen, Belle da Costa Greene). Exhibitions include scholarly interpretation and public-facing digital content.
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Specialized Research Library Access 1 activity
- Maintain and provide access to a research library and collection materialsOperates as an independent research library with on-site access for qualified researchers in the Sherman Fairchild Reading Room by appointment. Provides access to rare books, manuscripts, music, drawings, and art through an online catalog and physical holdings spanning the fourteenth through twenty-first centuries.
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Accessibility Services for Cultural Programs 1 activity
- Operate visitor support and facility servicesProvides coat and bag check services, security inspections for all bags upon entry, wheelchairs and seated-walkers for visitor use, and enforces a zero-tolerance policy for disrespectful or aggressive behavior. Also operates a full-service café open to visitors.
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Digital Visitor Engagement via Mobile App 1 activity
- Provide digital and augmented reality resources for public engagementOffers an augmented reality tour revealing the historical context of Pierpont Morgan’s Library, an audio guide accessible via the Bloomberg Connects app and website, and online access to selected images, photographs, and exhibition-related content.
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financials · form 990 · fy2024
revenue
Total revenue$55.09M
Contributions & grants$29.03M53%
Program service revenue$5.46M10%
Investment income$19.66M36%
Other revenue$940K
expenses
Total expenses$41.93M
Program expenses80%
Admin / overhead13%
Fundraising8%
Salaries & benefits$16.38M
Grants paid out$108K
Largest expense lineCompensation
balance sheet
Total assets$446.58M
Cash$21.15M
Investments$316.23M
Liabilities$20.14M
Net assets$426.44M
Liquid reserves96.6 mo
6 years on record · 2019–2024 · YoY revenue -6.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 8
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Colin B Bailey | Director | 35 | $896K |
| Kristina W Stillman | Dir. of Fin./Adm & Asst. Treasurer | 35 | $422K |
| Jessica B Ludwig | Deputy Dir.& Asst.Secretary | 35 | $335K |
| Lauren Stakias to 102024 | Dir. of Institutional Advancement | 35 | $269K |
| Mary Schlitzer | Controller | 35 | $247K |
| John J Marciari | Dir. of Curatorial Affairs | 35 | $239K |
| Maria Fredericks | Sherman Fairchild Head of Thaw Ctr. | 35 | $216K |
| Gilbert Parilla | Engineer | 35 | $183K |
board members · 17
- Allison Binns — Trustee
- Alyce Williams Toonk — Trustee
- Annette de la Renta — Trustee
- Clement C Moore II — Vice President
- Donna Perret Rosen — Trustee
- Eric L Motley — Trustee
- Frederick J Iseman — Trustee
- G Scott Clemons — Co-President
- George L K Frelinghuysen — Treasurer
- Jerker M Johansson — Trustee
- Joshua W Sommer — Trustee
- Karen B Cohen — Trustee
- Katharine J Rayner — Trustee
- Martha J Fleischman — Trustee
- Martha McGarry Miller — Vice President
- Mohit Assomull — Trustee
- Patricia Morton — Secretary
relationships · 18
Who they work with
- American Association of Museums (AAM) Network — Accepts AAM membership cards for complimentary admission.
- Bloomberg Connects Partner — Collaborates to provide the museum's audio guide through the Bloomberg Connects app.
- Cool Culture Partner — Provides complimentary admission to families with a Cool Culture Family Pass.
- Corporate Members Partner — Corporate Members are eligible to host events at the museum and submit commercial photography or filming requests for approval.
- Duane Michals Partner — Collaborated with the Morgan on an exhibition combining work from the Morgan’s collections, following the death of Michals’ partner Fred Gorrée.
- Galleria Borghese Partner — Lent the painting Boy with a Basket of Fruit by Caravaggio for exhibition.
- Galleria Borghese Partner — Provided a loan of Caravaggio's Boy with a Basket of Fruit for exhibition at the Morgan.
- Institutional Donors Partner — Institutional Donors are eligible to host events at the museum.
- International Council of Museums (ICOM) Network — Offers complimentary admission to ICOM members.
- Joel Smith Partner — Richard L. Menschel Curator at the Morgan who worked with Duane Michals on an exhibition combining works from the Morgan’s collections.
- Kupferstich-Kabinett, Dresden Partner — Partnered with the Morgan to present drawings from its collection in the exhibition Van Eyck to Mondrian.
- Mozarteum Foundation of Salzburg Partner — Collaborated on an exhibition about Wolfgang Amadeus Mozart.
- Mozarteum Foundation of Salzburg Partner — Collaborates on the exhibition featuring treasures from the Mozarteum Foundation of Salzburg.
- Museums Council of New York City Network — Provides complimentary admission to members of the Museums Council of New York City.
- Robert Owen Lehman Partner — Placed his collection of music manuscripts on deposit at the Morgan Library & Museum for public and scholarly access.
- Sol LeWitt Partner — Displays Sol LeWitt's Wall Drawing 552D as an ongoing installation.
- Thaw Conservation Center Partner — Collaborative conservation and training facility within the Morgan that serves external institutions and offers fellowships.
- Zoom Partner — Platform used to deliver virtual group tours
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.
- Conservation as Field-Wide Educationmethodology: conservation_as_educationBy integrating active conservation work with training and fellowship programs, the Morgan advances preservation expertise across the cultural heritage sector, because hands-on experience with rare materials builds transferable skills and strengthens professional capacity beyond the institution.
- Digitally-Enhanced Access and Engagementmethodology: digital_accessBy providing virtual tours, mobile-accessible tools, and online collections, the Morgan extends engagement beyond physical visitors, because digital access removes geographic and physical barriers to cultural and scholarly resources.
- Hybrid Museum-Research Modelmethodology: hybrid_museum_research_libraryBy combining public museum exhibitions with access to rare materials for scholarly research, the Morgan creates a dual pathway for public engagement and academic advancement, because integrating cultural display with research infrastructure amplifies both educational reach and preservation impact.