Tag Archives: Compensation

Demystifying Spending Patterns in Small Museums

In the world of small museums, location and audience significantly influence expenses, rendering a one-size-fits-all approach ineffective. However, gaining insight into the various types of expenses museums incur can shed light on common challenges and their causes. The non-profit financial Form 990 categorizes expenses into five areas, providing a framework for understanding spending patterns. Our goal is to simplify the concept of museum spending and guide museums toward prudent budget management by exploring these key expense categories.

Continue reading

Million Dollar Salaries at America’s Biggest Museums

Exec Compensation 2011-12A review of the latest Forms 990 of more than two dozen of America’s biggest museums identified the most highly compensated executives in the field.  Among these museums, annual compensation ranged from $228,000 to $1,822,257 and the average was $727,000.  Seven directors earn more than one million dollars per year, as follows: