Nonprofit · EIN 23-7071511
NORTH CAROLINA MUSEUM OF ART FOUNDATION INC
Tax-exempt · RALEIGH, NC 27699
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $32,272,133 | $25,061,725 | $7,210,408 | $99,478,655 | $2,781,752 | $96,696,903 |
| June 30, 2024 | 990 | $20,314,001 | $16,399,583 | $3,914,418 | $89,700,713 | $3,257,988 | $86,442,725 |
| June 30, 2023 | 990 | $18,780,354 | $13,185,407 | $5,594,947 | $82,214,482 | $2,716,261 | $79,498,221 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $24,498,173
- Membership dues
- $1,783,272
- Program service revenue
- $1,088,878
- Investment income
- $5,265,868
- Royalties
- $4,765
- Net gain from sales of assets
- $2,644,155
- Net income from fundraising events
- $720,679
- Net income from gaming
- $2,200
- Net income from sales of inventory
- $645,535
- Other revenue
- $1,419,214
Expenses
- Grants and similar amounts paid
- $8,786,695
- Compensation of officers, directors and key employees
- $435,932
- Other salaries and wages
- $4,270,124
- Salaries, compensation and benefits (total)
- $5,366,293
- Professional fundraising fees
- $0
- Legal fees
- $12,461
- Accounting fees
- $56,025
- Travel
- $558,000
- Depreciation
- $909,344
- Program services (functional)
- $18,742,695
- Management and general (functional)
- $4,213,154
- Fundraising (functional)
- $2,105,876
Balance sheet and other
- Total assets, start of year
- $89,700,713
- Total assets, end of year
- $99,478,655
- Total liabilities, end of year
- $2,781,752
- Net assets, end of year
- $96,696,903
- Land, buildings and equipment
- $12,822,168
- Publicly traded securities
- $62,342,988
- Net assets without donor restrictions
- $18,966,798
- Net assets with donor restrictions
- $77,730,105
- Gross unrelated business income
- $90,038
- Gross receipts
- $43,812,176
- Employees
- 82
- Volunteers
- 99
- Year formed
- 1969
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIE D'ALESSANDRO | CFO Officer | 40 | $202,491 | $22,768 |
| VALERIE HILLINGS | CEO Officer | 40 | $183,211 | $5,526 |
| JESSICA GORELICK | DIRECTOR OF NCMA CAMPAIGN Highest-paid employee | 40 | $139,399 | $14,164 |
| EUGENE YOUNG | DIRECTOR OF IT Highest-paid employee | 40 | $101,035 | $16,275 |
| ERIN CLEGHORN | DIRECTOR OF DEVELOPMENT (THRU 5/24) Highest-paid employee | 40 | $107,432 | $6,951 |
| KEVIN ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE BASTIAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ANGELIQUE BOWMAN | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MAYME BOYD | DIRECTOR (THRU 12/24) Trustee or director | 1 | $0 | $0 |
| PETER BRISTOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WORTH DUNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MASON FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAVIS GRAGG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKI GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GORDON GRUBB | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SAM HOOKER | DIRECTOR Trustee or director | 1 | $0 |
| MINA LEVIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JESSICA MAYNARD | DIRECTOR Trustee or director | 1 | $0 |
| NANCY MCFARLANE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES NARRON | DIRECTOR Trustee or director | 1 | $0 |
| VAIBHAV PARMAR | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE PASCHAL | DIRECTOR Trustee or director | 1 | $0 |
| SIMMI PRASAD | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT RELAN | DIRECTOR Trustee or director | 1 | $0 |
| CHARMAINE RIGGINS | DIRECTOR Trustee or director | 1 | $0 |
| LIZA ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| CARRIE RUSSELL | DIRECTOR Trustee or director | 1 | $0 |
| SEPI SAIDI | DIRECTOR (THRU 03/25) Trustee or director | 1 | $0 |
| JENNIFER SIMPSON | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 |
| RENEE SNYDERMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| LEAH GOODNIGHT TYLER | DIRECTOR Trustee or director | 1 | $0 |
| BRAD WILSON | DIRECTOR Trustee or director | 1 | $0 |
| GLORIA YSASI-DIAZ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE HILLINGS | CEO Officer | 40 | $223,296 | $4,733 |
| MARIE D'ALESSANDRO | CFO Officer | 40 | $182,130 | $18,966 |
| JOHNNY BURLESON | CHIEF ADV. OFFICER (THRU 11/30/23) Highest-paid employee | 40 | $177,773 | $14,766 |
| ERIN CLEGHORN | DIR. OF DEVELOPMENT & MEMBERSHIP Highest-paid employee | 40 | $152,957 | $8,409 |
| JESSICA GORELICK | DIRECTOR OF NCMA CAMPAIGN Highest-paid employee | 40 | $128,365 | $13,478 |
| BRAD WILSON | PRESIDENT (THRU 2/6/23) Trustee or director, Officer | 1 | $0 | $0 |
| LIZA ROBERTS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DIANE BASTIAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MINA LEVIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANGELIQUE BOWMAN | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER SIMPSON | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MAYME BOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BRISTOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMIRH COLLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WORTH DUNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MASON FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAVIS GRAGG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKI GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GORDON GRUBB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAM HOOKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA MAYNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY MCFARLANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES NARRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VAIBHAV PARMAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE PASCHAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIMMI PRASAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT RELAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARMAINE RIGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM ROMANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEPI SAIDI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE SNYDERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEAH GOODNIGHT TYLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLORIS YSASI-DIAZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHNNY BURLESON | CHIEF ADVANCEMENT OFFICER Highest-paid employee | 40 | $177,233 | $14,983 |
| MARIE D'ALESSANDRO | CFO Officer | 40 | $169,696 | $13,570 |
| VALERIE HILLINGS | CEO Officer | 40 | $98,296 | $0 |
| BRAD WILSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LIZA ROBERTS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DIANE BASTIAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MINA LEVIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANGELIQUE BOWMAN | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MAYME BOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BRISTOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMIRH COLLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WORTH DUNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAVIS GRAGG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKI GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GORDON GRUBB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAM HOOKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSE MAYNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY MCFARLANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM NARRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VAIBHAV PARMAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE PASCHAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIMMI PRASAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT RELAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARMAINE RIGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM ROMANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER SIMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE SNYDERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEAH GOODNIGHT TYLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4630 MAIL SERVICE CTR, RALEIGH, NC 27699-4600
- In care of
- % VALERIE HILLINGS
- Principal officer (990 for 2024)
- VALERIE HILLINGS, 4630 MAIL SERVICE CENTER, RALEIGH, NC 276994630
- Signed the 990
- VALERIE HILLINGS, CEO
- Phone
- (919) 839-6262
- Website
- WWW.NCARTMUSEUM.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
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.
Program accomplishments
- 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 RUNNING THE MUSEUM. THE FOUNDATION PROVIDES THE MAJORITY OF FINANCIAL SUPPORT NEEDED FOR EDUCATION, CURATORIAL, PROGRAMMING AND MARKETING OF THE MUSEUM INCLUDING SUPPORT FOR STATEWIDE AND MUSEUM-BASED EDUCATION PROGRAMMING, SPECIAL TRAVELING ART EXHIBITIONS, SUPPLEMENTAL ART CONSERVATIONS FUNDS, AND PUBLIC PROGRAMMING. THE FOUNDATION ALSO CULTIVATES DONORS FOR COMMISSIONED WORKS OF ART AND CONTRIBUTIONS FOR ART ACQUISITIONS. ALL ART PURCHASED OR COMMISSIONED IS GIFTED BY THE FOUNDATION TO THE MUSEUM. A LARGE MAJORITY OF THE ARTWORK HELD IN THE MUSEUM'S ART COLLECTION HAS BEEN GIFTED BY THE FOUNDATION.Expenses $17,164,565 · grants $8,786,695 · revenue $1,102,151
- THE FOUNDATION MANAGES APPROXIMATELY 33 ACRES OF REAL ESTATE ADJACENT TO THE MUSEUM PARK, WHICH ENCOMPASSES LANDSCAPING AND PARKING.Expenses $1,019,972
- THE NORTH CAROLINA MUSEUM OF ART FOUNDATION PROVIDES OVERSIGHT MANAGEMENT TO THE OUTSOURCED ON-SITE FULL SERVICE RESTAURANT AND CONCESSION FOOD SERVICES. THE NORTH CAROLINA MUSEUM OF ART FOUNDATION PROVIDES DAY-TO-DAY MANAGEMENT OF THE MUSEUM'S RETAIL STORE. IN ADDITION, THE FOUNDATION ALSO PLANS AND MANAGES A PORTFOLIO OF SPECIAL EVENTS INCLUSIVE OF CORPORATE RENTALS, CONFERENCES WEDDINGS, DONOR CULTIVATION EVENTS, AND MEMBERSHIP PROGRAMMING.Expenses $558,158 · revenue $552,987
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7071511
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A110)
- Assets (IRS master file)
- $99,478,655
- Income (IRS master file)
- $43,812,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $32,272,133 | $25,061,725 | $99,478,655 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $20,314,001 | $16,399,583 | $89,700,713 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $18,780,354 | $13,185,407 | $82,214,482 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $17,411,400 | $13,035,904 | $74,020,662 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7071511).
Questions about NORTH CAROLINA MUSEUM OF ART FOUNDATION INC
- What is the EIN of NORTH CAROLINA MUSEUM OF ART FOUNDATION INC?
- The employer identification number (EIN) of NORTH CAROLINA MUSEUM OF ART FOUNDATION INC is 23-7071511.
- Is NORTH CAROLINA MUSEUM OF ART FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to NORTH CAROLINA MUSEUM OF ART FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA MUSEUM OF ART FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA MUSEUM OF ART FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA MUSEUM OF ART FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTH CAROLINA MUSEUM OF ART FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names VALERIE HILLINGS.
- Who are the officers and directors of NORTH CAROLINA MUSEUM OF ART FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 34 people; 5 received compensation from the organization, the highest $202,491 (MARIE D'ALESSANDRO, CFO).
- How much revenue does NORTH CAROLINA MUSEUM OF ART FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $32,272,133, expenses of $25,061,725 and total assets of $99,478,655 at year end.
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