The MUSEUM OF MODERN ART establishes, preserves, and documents a permanent collection of modern and contemporary art, presents exhibitions and educational programs, sustains a library, archives, and conservation laboratory and supports scholarship and publications. The Form 990 is one of several reports the Museum makes available each year. The Museum encourages it to be read in conjunction with the annual report, which provides an overview of all museum activities during the year, and with the audited financial statements, which provide additional financial context. These documents as well as previous years reports can be found on moma. As can be seen in the audited financial statements, operating revenues of $221.9 million exceeded operating expenses of $217.5 million by $4.4 million.
$125m annual program spend • Curatorial and curatorial support departments include conservation, education, exhibitions, creative, publications, library and archives. The Museum was founded in 1929 as an educational institution and maintains a vast breadth of educational programming, which increased in the years after the opening of the renovated and expanded main facility in 2004. In FY 2018, almost 4 million children, students, and adults, of all abilities, were served by the Education Department: 2.8 million onsite visitors who accessed or participated in interpretative programs including labels and audio content (offered in nine languages) to support their learning in the galleries; almost 1 million who used online educational resources; and nearly 250,000 who participated in programs. The Museum is anchored by a vibrant and dynamic program including a rich temporary exhibition schedule at the Museum, gallery rotations, a performance art series, the film program, many educational programs, publications and online content. In FY 2018, the Museum administered over 25 temporary exhibitions. In addition, the quality and depth of the Museum's collections enable the Museum to maintain an active loan program which serves institutions both in the United States and abroad. Some of the exhibitions on view during FY2018 were as follows: Louise Bourgeois: An unfolding Portrait, Items: Is Fashion Modern?, Max Ernst: Beyond Painting, Stephen Shore, Club 57: Film, Performance and Art in the East Village 1978-1983, Thinking Machines: Art and Design in the Computer Age 1959-1989, Being: New Photography 2018, Tarsila do Amaral: inventing Modern Art In Brazil.
$47.2m annual program spend • In FY 2018, over 1,000 works were added to this collection, both by donation and by purchase, including the purchase of the Merrill C. Berman Collection of early 20th century works on paper that demonstrate the wide-ranging experimentation and political and social engagement of artists in this period and offer an overview of the major avant-garde movements of the era-Dada, the Bauhaus, de Stijl, Futurism, and Russian Constructivism-and include works by Aleksandr Rodchenko, Lyubov Popova, John Heartfield, and Hannah Hoch. Also in FY 2018, the Museum and Neue Galerie New York jointly acquired Paula Modersohn- Becker's Self-Portrait with Two Flowers in Her Raised Left Hand (1907). A full compendium of works acquired during FY 2018 is available online as part of the Museum's year in review.
$41.7m annual program spend • Security, operations, and maintenance of exhibition galleries and art collection.