Public Charity

NORTH CAROLINA MUSEUM OF ART FOUNDATION

NORTH CAROLINA MUSEUM OF ART FOUNDATION is a nonprofit organization categorized as Public Charity based in RALEIGH, NC. Its most recent IRS filing (2025) reports revenue of $32.3M, expenses of $25.1M, total assets of $99.5M. Imperigo tracks 85 reported grant relationships connected to this organization totaling approximately $5.3M.

EIN: 237071511 RALEIGH, NC Single Organization Support NTEE: A11 Latest filing: 2025
Total Revenue$32.3M
Total Expenses$25.1M
Total Assets$99.5M
Grant Records85
Funding Total$5.3M
Filing Years2021–2025

Mission

THE NORTH CAROLINA MUSEUM OF ART STEWARDS AND SHARES THE PEOPLE'S ART COLLECTION AND INSPIRES CREATIVITY BY CONNECTING OUR DIVERSE COMMUNITIES TO CULTURAL AND NATURAL RESOURCES.

Where $100 goes at North Carolina Museum of Art Foundation

How North Carolina Museum of Art Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$70 Programs the work itself
$17 Management running the organization
$13 Fundraising raising the next dollar

Inside the $70 for programs

$64
The museum of art is partially supported by state appropriations that largely fund state staff positions and their related benefits, and a portion of the operating costs of…
92% of program spending
$4
The foundation manages approximately 33 acres of real estate adjacent to the museum park, which encompasses landscaping and parking
5% of program spending · Reported in the filing: 33 acres of real
$2
The North Carolina Museum of Art Foundation provides oversight management to the outsourced on-site full service restaurant and concession food services
3% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

ASSISTANT SECRETARY Angelique Bowman
DIRECTOR Becki Gray
DIRECTOR Brad Wilson
DIRECTOR Carrie Russell
DIRECTOR Charmaine Riggins
PRESIDENT Diane Bastian

Officer compensation and complete director data available with membership.

Top Grant Purposes

Arts & Culture
$2,451,943 26 grants
General Support
$2,231,592 51 grants
Economic Development
$300,000 2 grants
Fundraising & Sponsorship
$12,500 1 grant
Education
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $32.3M $25.1M $99.5M
2024 $20.3M $16.4M $89.7M
2023 $18.8M $13.2M $82.2M
2022 $17.4M $13.0M $74.0M
2021 $13.8M $7.9M $80.9M

Between 2021 and 2025, reported annual revenue grew from $13.8M to $32.3M (+133%), with total assets most recently reported at $99.5M.

Interactive year-over-year charts and full filing details available with membership.

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