Museum Of Fine Arts Houston in Houston, Texas (TX)

Museum Of Fine Arts Houston
Employer Identification Number (EIN)	741109655
Name of Organization	Museum Of Fine Arts Houston
Address	1001 Bissonnet St, Houston, TX 77005-1803
Activities	Other cultural or historical activities, Museum, zoo, planetarium, etc.
Subsection	Charitable Organization, Educational Organization
Ruling Date	07/1956
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2013
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$1,315,043,286
Amount of Income	$310,247,002
Form 990 Revenue Amount	$225,738,584
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Art Museums

Non-representatives - add comments:

Amount of income in 2013: $310,247,002

Museum Of Fine Arts Houston:	$310,247,002
Other organizations performing similar types of work:	$1,258,505

Assets in 2013: $1,315,043,286

Museum Of Fine Arts Houston:	$1,315,043,286
Other organizations performing similar types of work:	$4,746,079

Expenses in 2013: $84,484,623

Museum Of Fine Arts Houston:	$84,484,623
Other organizations performing similar types of work:	$906,066

Income to expenses ratio in 2013: 3.7

Museum Of Fine Arts Houston:	3.7
Other organizations performing similar types of work:	1.3

Expenses allocated to program services in 2007: 86.6%

Museum Of Fine Arts Houston:	86.6%
Other organizations performing similar types of work:	75.4%

Number of employees in 2013: 792

This organization:	792
Other organizations performing similar types of work:	29

Employees paid over $100,000 in 2013: 5.9%

This organization:	5.9%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 76.4%

Museum Of Fine Arts Houston:	76.4%
Other organizations performing similar types of work:	64.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	Yes	Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	Yes	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	Yes	Yes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	Yes	Yes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	Yes	Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	Yes	Yes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	Yes	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	Yes	Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	Yes	Yes
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	Yes
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		255	300
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		829	792
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		Yes	Yes
Did the organization notify the donor of the value of the goods or services provided?		Yes	Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$2,196,137	$2,271,005
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$132,153	$166,064
Total number of individuals who received more than $100,000 of reportable compensation from the organization	21	26
Total number of independent contractors who received more than $100,000 of compensation from the organization	17	21

	2011	2012	2013
Statement of Revenue
Total revenue	$131,146,791	$76,374,152	$225,738,584
Contributions, Gifts, Grants and Other Similar Amounts	$75,728,363	$25,769,012	$172,557,739
Program Service Revenue	$7,367,413	$6,860,407	$8,178,688
900099		$2,749,251	$3,034,744
900099		$1,765,121	$2,475,281
611600		$1,593,969	$1,842,212
900099		$752,066	$826,451
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$16,150,556	$16,968,308	$20,117,512
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$827,148	$1,236,479	$834,780
Net rental income	$267,276	$284,603	$241,559
Gross rents (Real / Personal)	$267,276 / $0	$284,603 / $0	$241,559 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$267,276 / $0	$284,603 / $0	$241,559 / $0
Net gain/loss from sales of assets other than inventory	$27,974,090	$26,311,325	$24,742,941
Gross amount from sales of assets other than inventory (Securities / Other)	$139,509,000 / $0	$81,887,312 / $0	$104,252,171 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$111,534,910 / $0	$55,575,987 / $0	$79,509,230 / $0
Gain or (loss) (Securities / Other)	$27,974,090 / $0	$26,311,325 / $0	$24,742,941 / $0
Net income/loss from fundraising events	$-1,033,485	$-882,605	$-1,166,189
Gross income from fundraising events	$224,740	$178,875	$283,935
Less: direct expenses	$1,258,225	$1,061,480	$1,450,124
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$-522,624	$-873,271	$-460,582
Gross sales of inventory, less returns and allowances	$3,108,288	$2,234,461	$3,088,482
Less: cost of goods sold	$3,630,912	$3,107,732	$3,549,064
Miscellaneous Revenue	$4,388,054	$699,894	$692,136
900099		$699,894	$692,136
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$94,182,127	$83,082,403	$84,484,623
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$118,839	$104,187
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$12,888	$14,873
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$1,682,578	$1,032,792	$1,875,397
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$21,804,483	$23,109,729	$22,630,520
Pension plan accruals and contributions		$769,081	$777,076
Other employee benefits		$3,274,019	$3,440,962
Payroll taxes	$1,725,274	$1,768,447	$1,761,587
Fees for services (non-employees)
Management		$0	$0
Legal		$17,698	$2,563
Accounting		$257,046	$222,402
Lobbying		$0	$0
Professional fundraising services	$126,000	$42,000	$42,000
Investment management fees		$1,442,870	$1,670,947
Other		$3,832,663	$2,932,358
Advertising and promotion		$1,826,423	$1,772,408
Office expenses		$1,490,119	$1,493,947
Information technology		$494,889	$451,536
Royalties		$0	$0
Occupancy		$4,398,090	$4,112,273
Travel		$859,681	$688,930
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$47,209	$49,875
Interest		$33,168	$-23,590
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$5,132,471	$5,237,795
Insurance		$1,345,999	$1,997,445
Other expenses		$20,609,711	$22,194,814
Other expenses		$3,143,388	$3,305,805
Other expenses		$2,872,193	$2,965,491
Other expenses		$1,589,696	$1,074,427
Other expenses		$3,561,294	$3,688,595

	2011	2012	2013
Balance Sheet
Total assets	$1,145,125,560	$1,118,124,615	$1,315,043,286
Cash - non-interest-bearing		$4,060,592	$29,061,028
Savings and temporary cash investments		$10,764,105	$54,545,715
Pledges and grants receivable, net		$6,490,359	$103,956,280
Accounts receivable, net		$601,457	$3,630,462
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$926,100
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$1,258,291	$1,370,898
Prepaid expenses and deferred charges		$432,004	$233,427
Land, buildings, and equipment: cost or other basis		$110,774,243	$111,971,845
Investments - publicly traded securities		$627,690,460	$726,793,676
Investments - other securities		$351,058,787	$280,470,963
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$4,994,317	$2,082,892
Total liabilities	$22,917,067	$15,300,783	$15,797,267
Accounts payable and accrued expenses		$11,661,536	$12,358,380
Grants payable		$0	$0
Deferred revenue		$3,639,247	$3,438,887
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$0	$0
Total net assets or fund balances	$1,122,208,493	$1,102,823,832	$1,299,246,019
Unrestricted net assets		$192,823,415	$226,462,278
Temporarily restricted net assets		$226,309,239	$387,630,150
Permanently restricted net assets		$683,691,178	$685,153,591
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$196,982,556
Subtotal Support	$391,937,384
Gifts, grants, contributions, and membership fees received	$391,937,384
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$194,954,828
Total Support	$492,672,341
Public Support	$391,937,384
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$93,672,397
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$7,062,560
Gross receipts from related activities, etc.	$5,143,944

	2000	2001	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$90,998,091	$57,983,707	$56,894,753	$262,224,940	$253,244,022	$295,215,383	$80,742,375	$117,447,183
Contributions, gifts, grants, and similar amounts received	$36,259,260	$41,459,054	$41,706,764	$239,466,479	$210,824,630	$186,753,819	$35,362,195	$52,865,309
Contributions to donor advised funds							$0	$0
Direct public support	$35,666,340	$40,854,989	$41,220,163	$238,876,060	$210,248,403	$185,834,751	$29,931,784	$51,864,722
Indirect public support	$0	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$592,920	$604,065	$486,601	$590,419	$576,227	$919,068	$5,430,411	$1,000,587
Program service revenue including government fees and contracts	$3,513,705	$4,430,321	$4,858,428	$4,537,010	$2,647,787	$3,144,237	$4,713,039	$4,297,540
Membership dues and assessments	$2,720,656	$2,092,539	$2,587,034	$2,167,855	$1,979,039	$2,158,390	$2,689,163	$2,731,883
Interest on savings and temporary cash investments	$0	$0	$0	$0	$0	$0	$0	$0
Dividends and interest from securities	$8,102,173	$8,775,608	$10,060,920	$9,224,817	$21,628,193	$29,579,935	$17,274,790	$26,265,313
Net rental income or (loss)	$31,306	$12,000	$12,000	$237,000	$236,341	$212,149	$209,596	$207,746
Gross rents	$43,479	$12,000	$12,000	$237,000	$236,341	$212,149	$209,596	$207,746
Less: rental expenses	$12,173	$0	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$40,311,130	$1,714,937	$-2,133,635	$7,202,820	$17,096,227	$74,019,456	$20,674,543	$31,842,629
Gross amount from sales of assets other than inventory	$40,425,713	$1,724,502	$0	$7,202,820	$17,096,227	$407,361,789	$253,523,456	$179,145,512
Less: cost or other basis and sales expenses	$114,583	$9,565	$2,133,635	$0	$0	$333,342,333	$232,848,913	$147,302,883
Net income or (loss) from special events and activities	$0	$0	$0	$-554,260	$-600,220	$-552,802	$-1,051,093	$-726,723
Gross revenue	$671,394	$715,289	$725,687	$200,490	$233,425	$177,470	$232,250	$271,500
Less: direct expenses other than fundraising expenses	$671,394	$715,289	$725,687	$754,750	$833,645	$730,272	$1,283,343	$998,223
Gross profit or (loss) from sales of inventory	$42,978	$-515,692	$-207,379	$-62,692	$-572,530	$-433,591	$-61,012	$-446,863
Gross sales of inventory, less returns and allowances	$3,050,127	$2,547,873	$3,639,041	$3,700,734	$2,969,185	$3,169,792	$4,801,423	$3,988,568
Less: cost of goods sold	$3,007,149	$3,063,565	$3,846,420	$3,763,426	$3,541,715	$3,603,383	$4,862,435	$4,435,431
Other revenue	$16,883	$14,940	$10,621	$5,911	$4,555	$333,790	$931,154	$410,349
Total expenses	$71,298,056	$65,427,428	$68,151,899	$110,348,548	$76,713,807	$81,973,214	$81,915,123	$111,263,070
Program services	$64,459,945	$57,341,915	$60,221,844	$103,586,661	$67,859,226	$70,640,017	$69,264,676	$96,389,014
Management and general	$5,383,838	$6,432,476	$6,368,062	$5,447,977	$7,114,642	$8,722,188	$9,700,963	$11,463,733
Fundraising	$1,454,273	$1,653,037	$1,561,993	$1,313,910	$1,739,939	$2,611,009	$2,949,484	$3,410,323
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$323,877,742	$495,210,247	$477,307,497	$674,018,604	$889,570,535	$1,068,487,731	$1,208,522,171	$1,146,624,730
Excess or (deficit) for the year	$19,700,035	$-7,443,721	$-11,257,146	$151,876,392	$176,530,215	$213,242,169	$-1,172,748	$6,184,113
Net assets or fund balances at beginning of year	$303,771,068	$323,877,742	$495,210,247	$477,307,497	$674,018,604	$889,570,535	$1,068,487,731	$1,208,522,171
Other changes in net assets or fund balances	$406,639	$178,776,226	$-6,645,604	$44,834,715	$39,021,716	$-34,324,973	$141,207,188	$-68,081,554

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$111,263,070	$96,389,014	$11,463,733	$3,410,323
Grants paid from donor advised funds		$0
Other grants and allocations		$72,424
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$1,775,918	$0	$1,775,918	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$18,491,832	$14,973,943	$2,017,489	$1,500,400
Pension plan contributions not included above	$594,606	$455,253	$91,412	$47,941
Employee benefits not included above	$3,660,626	$1,953,840	$1,551,042	$155,744
Payroll taxes	$1,433,683	$1,112,769	$218,592	$102,322
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$129,377	$0	$129,377	$0
Legal fees	$0	$0	$0	$0
Supplies	$1,919,079	$1,616,313	$277,730	$25,036
Telephone	$290,476	$36,146	$251,520	$2,810
Postage and shipping	$3,185,330	$2,986,112	$148,685	$50,533
Occupancy	$4,261,347	$3,879,816	$274,696	$106,835
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$2,224,741	$1,708,071	$370,247	$146,423
Travel	$986,399	$691,948	$239,083	$55,368
Conferences, conventions, and meetings	$143,380	$51,414	$57,074	$34,892
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$4,611,886	$3,998,703	$470,206	$142,977
Other expenses not covered above	$67,481,966	$62,852,262	$3,590,662	$1,039,042

	2000	2001	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$343,855,305	$508,428,896	$490,395,166	$690,332,234	$901,009,182	$1,081,531,164	$1,223,968,132	$1,162,455,643
Cash - non-interest-bearing	$940,543	$1,757,021	$1,902,109	$5,894,838	$1,909,761	$644,045	$1,231,399	$1,680,698
Savings and temporary cash investments	$12,294,606	$10,469,772	$9,541,966	$13,698,780	$21,243,807	$40,791,208	$27,918,602	$33,403,402
Accounts receivable less allowance for doubtful accounts	$3,823,974	$2,207,152	$5,474,900	$7,209,096	$9,663,714	$9,925,744	$1,577,719	$1,311,335
Pledges receivable less allowance for doubtful accounts	$15,769,536	$12,123,757	$18,723,181	$12,611,951	$7,124,202	$4,723,922	$11,673,211	$15,035,871
Grants receivable	$212,447	$282,677	$41,678	$265,315	$386,217	$654,906	$358,366	$313,990
Receivables from current and former officers, directors, trustees, and key employees	$253,609	$221,460	$186,260	$148,127	$108,638	$67,744	$25,395	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$910,167	$971,514	$1,231,509	$1,268,797	$1,502,710	$1,178,821	$1,055,979	$1,158,307
Prepaid expenses and deferred charges	$425,946	$1,572,259	$2,104,605	$1,008,736	$1,280,724	$843,657	$1,054,326	$1,086,546
Investments - publicly-traded securities							$1,041,523,168	$894,518,351
Investments - other securities	$183,345,402	$356,439,390	$332,365,161	$530,228,721	$736,599,058	$885,503,073	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$20,262	$20,262	$20,262	$20,262	$20,262	$20,262	$20,262	$20,262
Investments - other	$2,632,508	$0	$2,963,124	$3,860,479	$7,574,422	$13,642,817	$27,476,743	$102,727,032
Land, buildings, and equipment less accumulated depreciation	$122,468,073	$118,701,555	$114,705,662	$110,210,548	$105,903,222	$103,220,936	$106,832,800	$108,110,959
Other assets, including program-related investments	$758,232	$3,662,077	$1,134,749	$3,906,584	$7,692,445	$20,314,029	$3,220,162	$3,088,890
Total liabilities	$19,977,563	$13,218,649	$13,087,669	$16,313,630	$11,438,647	$13,043,433	$15,445,961	$15,830,913
Accounts payable and accrued expenses	$14,083,808	$7,529,890	$7,603,906	$11,034,863	$6,364,876	$8,174,658	$10,782,182	$11,372,130
Grants payable	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$5,893,755	$5,688,759	$5,483,763	$5,278,767	$5,073,771	$4,868,775	$4,663,779	$4,458,783
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0	$0	$0
Other liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$343,855,305	$508,428,896	$490,395,166	$690,332,234	$901,009,182	$1,081,531,164	$1,223,968,132	$1,162,455,643
Total net assets or fund balances	$323,877,742	$495,210,247	$477,307,497	$674,018,604	$889,570,535	$1,068,487,731	$1,208,522,171	$1,146,624,730

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$90,998,091	$57,983,707	$56,894,753	$262,224,940	$253,244,022	$295,215,383	$80,742,375	$117,447,183
Total revenue, gains, and other support per audited financial statements	$24,624,721	$22,096,295	$54,986,830	$311,652,812	$296,790,307	$265,362,093	$228,379,723	$54,980,245
Other expenses	$3,891,091	$3,991,676	$4,737,681	$4,593,157	$43,546,285	$4,471,683	$147,637,348	$-62,466,939
Net unrealized gains on investments	$0	$0	$0	$0	$39,021,716	$0	$141,207,188	$-68,081,554
Donated services and use of facilities	$200,375	$212,822	$165,574	$74,981	$149,209	$138,028	$284,382	$180,961
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0	$0
Other	$3,690,716	$3,778,854	$4,572,107	$4,518,176	$4,375,360	$4,333,655	$6,145,778	$5,433,654
Other revenue	$70,264,461	$39,879,088	$6,645,604	$-44,834,715	$0	$34,324,973	$0	$-1
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$70,264,461	$39,879,088	$6,645,604	$-44,834,715	$0	$34,324,973	$0	$-1

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$71,298,056	$65,427,428	$68,151,899	$110,348,548	$76,713,807	$81,973,214	$81,915,123	$111,263,070
Total expenses and losses per audited financial statements	$75,189,147	$69,419,104	$72,889,580	$114,941,705	$81,238,376	$86,444,897	$88,345,281	$116,877,684
Other revenue	$3,891,091	$3,991,676	$4,737,681	$4,593,157	$4,524,569	$4,471,683	$6,430,160	$5,614,615
Donated services and use of facilities	$200,375	$212,822	$165,574	$74,981	$149,209	$138,028	$284,382	$180,961
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$3,690,716	$3,778,854	$4,572,107	$4,518,176	$4,375,360	$4,333,655	$6,145,778	$5,433,654
Other expenses	$0	$0	$0	$0	$0	$0	$2	$1
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$2	$1

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
35	$958,654	$50,100	$96,285
35	$415,961	$39,101	$654
35	$200,481	$14,188	$494

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	80
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	625

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$57,999,314	$6,582,560
Program service revenue
Program service revenue 1	000000	$0	00	$0	$1,586,107
Program service revenue 2	000000	$0	00	$0	$1,547,404
Program service revenue 3	000000	$0	00	$0	$1,164,029
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$2,731,883
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$26,265,313	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$207,746	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$31,842,629	$0
Net income or (loss) from special events	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$-726,723	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$-446,863
Other revenue	000000	$0	Royalty income excluded by section 512(b)(2)	$410,349	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$219,846	$23,661	$216
$161,716	$35,334	$1,158
$148,131	$35,054	$516
$125,213	$34,543	$2,223
$116,965	$17,822	$135

Total number of other employees paid over $50,000	103

Total number of other employees paid over $50,000

103

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	1999	2000	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$89,422,383	$94,645,328	$61,750,561	$58,851,430	$268,272,232	$260,592,563	$303,151,540	$95,660,650
Gifts, grants, and contributions received	$42,632,549	$36,930,654	$42,174,344	$36,223,117	$247,395,095	$212,268,152	$187,022,093	$45,193,263
Membership fees received	$2,225,275	$2,720,656	$2,092,539	$2,587,034	$2,167,855	$1,979,000	$2,158,390	$2,689,163
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$5,373,667	$6,449,249	$6,968,629	$8,834,988	$8,440,117	$5,930,773	$6,739,755	$9,828,891
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$39,190,892	$48,544,769	$10,515,049	$11,206,291	$10,269,165	$40,414,638	$107,231,302	$37,949,333
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Museum Of Fine Arts Houston	1001 Bissonnet St, Houston, TX 77005-1803	TX	1956-07	$310,247,002
2	Mcnay Art Museum	PO BOX 6069, San Antonio, TX 78209-0069	TX	1951-10	$58,195,853
3	Dallas Museum Of Art	1717 N Harwood St, Dallas, TX 75201-2315	TX	1940-06	$53,752,912
4	San Antonio Museum Of Art	200 W Jones Ave, San Antonio, TX 78215-1402	TX	1994-05	$35,751,923
5	Amon Carter Museum Of Western Art	3501 Camp Bowie Blvd, Fort Worth, TX 76107-2631	TX	1963-09	$12,447,698
6	Chinati Foundation	PO BOX 1135, Marfa, TX 79843-1135	TX	1985-01	$9,795,505
7	The Columbus Museum Inc	1251 Wynnton Rd, Columbus, GA 31906-2810	GA	1954-11	$14,747,840
8	Contemporary Austin Museum Inc	3809 W 35th St, Austin, TX 78703-1001	TX	1963-03	$11,537,948
9	Salvador Dali Museum Inc	1 Dali Blvd, St Petersburg, FL 33701-3920	FL	1981-05	$11,121,580
10	Contemporary Arts Museum Houston	5216 Montrose Blvd, Houston, TX 77006-6547	TX	1949-12	$6,094,774
11	Tampa Museum Of Art Inc	120 W Gasparilla Plz, Tampa, FL 33602-1500	FL	1979-11	$3,977,936
12	Tucson Museum Of Art	140 N Main Ave, Tucson, AZ 85701-8218	AZ	1956-02	$3,890,252
13	The Mobile Museum Of Art Inc	4850 Museum Dr, Mobile, AL 36608-1917	AL	1996-02	$3,749,971
14	San Angelo Museum Of Fine Arts	1 Love St, San Angelo, TX 76903-6911	TX	1981-10	$1,940,240
15	Tyler Museum Of Art	1300 S Mahon Ave, Tyler, TX 75701-3438	TX	1968-07	$1,526,222
16	Art Museum Of Southeast Texas	500 Main St, Beaumont, TX 77701-3213	TX	1952-05	$885,572
17	Contemporary Art For San Antonio	116 Blue Star, San Antonio, TX 78204-1713	TX	1986-07	$839,165
18	The Museum Of Western Art Foundation	PO BOX 294300, Kerrville, TX 78029-4300	TX	1980-11	$527,402
19	Arts Foundation Of Farmers Branch Inc	13203 Glad Acres Dr, Farmers Branch, TX 75234	TX	2000-09	$0
20	New Braunfels Museum Of Art & Music	205 N Seguin Street, New Braunfels, TX 78130	TX	1992-04	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	8
Arizona	5
California	42
Colorado	5
Connecticut	7
District of Columbia	6
Delaware	2
Florida	21
Georgia	8
Hawaii	2
Iowa	3
Idaho	1
Illinois	7
Indiana	11
Kansas	2
Kentucky	3
Louisiana	6
Massachusetts	17
Maryland	7
Maine	6
Michigan	7
Minnesota	8
Missouri	4
Mississippi	4

Montana	7
North Carolina	16
North Dakota	2
Nebraska	2
New Hampshire	1
New Jersey	3
New Mexico	2
Nevada	3
New York	32
Ohio	17
Oklahoma	5
Oregon	4
Pennsylvania	12
Rhode Island	5
South Carolina	4
Tennessee	6
Texas	23
Utah	1
Virginia	9
Vermont	3
Washington	8
Wisconsin	6
West Virginia	1
Wyoming	1
International	2

Total

368

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