North Carolina · Nonprofit
NORTH CAROLINA MUSEUM OF ART FOUNDATION
NORTH CAROLINA MUSEUM OF ART FOUNDATION (North Carolina) receives grants from 126 organizations whose IRS filings report $17,187,282 to it, the largest being LILLY ENDOWMENT INC ($2,600,130). 73 of them have funded it in more than one year.
- Revenue FY2025
- $32M
- Funders on record
- 126
- Grants received
- $17M
- Net assets
- $97M
What North Carolina Museum of Art Foundation does
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.
As stated on its FY2025 Form 990.
Programs
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.
$17,164,565 spentof which $8,786,695 as grants$1,102,151 earned by the program92% of program spendingThe foundation manages approximately 33 acres of real estate adjacent to the museum park, which encompasses landscaping and parking.
$1,019,972 spent5% of program spendingThe 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.
$558,158 spent$552,987 earned by the program3% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $18,742,695.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $67M to $81M (+20%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 7% · 2018 2% · 2021 25% · 2022 8%. Grants only. Government contracts and fees sit inside program revenue.
76% of NORTH CAROLINA MUSEUM OF ART FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (58% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Valerie Hillings
CEO
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2019 and FY2020 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 31 funders to 46 funders, grant income rose $539k → $2.0M.
22 of 126 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NORTH CAROLINA MUSEUM OF ART FOUNDATION’s funders (the co-funder graph). Top 30 of 126 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NORTH CAROLINA MUSEUM OF ART FOUNDATION has a broad base — no single funder exceeds 15% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
29% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NORTH CAROLINA MUSEUM OF ART FOUNDATION.
Largest funder’s share by year: 2017 28% · 2018 21% · 2019 52% · 2020 20% · 2021 20% · 2022 31% · 2023 16% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
39% of NORTH CAROLINA MUSEUM OF ART FOUNDATION's funders are still giving 3 years after their first grant; 58% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
57% of NORTH CAROLINA MUSEUM OF ART FOUNDATION's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $4.8M arriving through sponsors registered in 13 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NORTH CAROLINA MUSEUM OF ART FOUNDATION runs a healthier operating margin than half of the 570 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 570 arts & culture nonprofits $10M–$100M, FY2025
Organizations like NORTH CAROLINA MUSEUM OF ART FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
64%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for NORTH CAROLINA MUSEUM OF ART FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NORTH CAROLINA MUSEUM OF ART FOUNDATION?
- NORTH CAROLINA MUSEUM OF ART FOUNDATION (North Carolina) receives grants from 126 organizations whose IRS filings report $17,187,282 to it, the largest being LILLY ENDOWMENT INC ($2,600,130). 73 of them have funded it in more than one year.
- How many funders does NORTH CAROLINA MUSEUM OF ART FOUNDATION have?
- IRS filings report 126 organizations giving $17,187,282 in grants to NORTH CAROLINA MUSEUM OF ART FOUNDATION, 73 of which have funded it in more than one year.
- Who is the largest funder of NORTH CAROLINA MUSEUM OF ART FOUNDATION?
- LILLY ENDOWMENT INC is the largest funder on record, with $2,600,130 in grants. The full list of funders is on this page.
- How can an organization like NORTH CAROLINA MUSEUM OF ART FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 126 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing