Totals
- Total revenue
- $1,205,828
- Total expenses
- $1,716,863
- Contributions and grants received
- $770,822
- Grants paid
- $0
- Program service revenue
- $101,752
- Investment income
- $129,053
- Other revenue
- $204,201
- Total assets, end of year
- $5,541,970
- Total liabilities, end of year
- $599,165
- Net assets or fund balances, end of year
- $4,942,805
- Program services expenses (Part IX)
- $1,208,598
- Management and general expenses
- $315,500
- Fundraising expenses
- $192,765
- Program service expenses (Part III)
- $1,208,598
Program services were 70.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$52,375
-
1c · Fundraising events
$306,698
-
1e · Government grants (contributions)
$215,739
-
1f · All other contributions, gifts and grants
$196,010
-
2a · Program service revenue: EDUCATION WORKSHOPS
total $72,770 · related or exempt $72,770
-
2b · Program service revenue: ADMISSIONS
total $28,982 · related or exempt $28,982
-
3 · Investment income
total $20,864 · related or exempt $10,432 · excluded $10,432
-
6a · Gross rents
real property $5,312
-
6c · Rental income or loss
real property $5,312
-
6d · Net rental income or loss
total $5,312 · related or exempt $2,656 · excluded $2,656
-
7a · Gross sales of assets other than inventory
securities $113,849
-
7b · Less cost or other basis and sales expenses
securities $5,660
-
7c · Gain or loss
securities $108,189
-
7d · Net gain or loss
total $108,189 · related or exempt $108,189
-
8a · Fundraising events: gross income
$230,277
-
8a · Fundraising events: contributions included on line 1c
$306,698
-
8b · Fundraising events: direct expenses
$122,088
-
8c · Net income from fundraising events
total $108,189 · excluded $108,189
-
10a · Gross sales of inventory
$213,754
-
10b · Cost of goods sold
$123,054
-
10c · Net income from sales of inventory
total $90,700 · related or exempt $90,700
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $183,916 · program services $114,076 · management and general $56,356 · fundraising $13,484
-
7 · Other salaries and wages
total $547,170 · program services $441,421 · management and general $77,503 · fundraising $28,246
-
9 · Other employee benefits
total $52,864 · program services $38,607 · management and general $11,374 · fundraising $2,883
-
10 · Payroll taxes
total $54,761 · program services $39,645 · management and general $11,925 · fundraising $3,191
-
11c · Fees: accounting
total $53,322 · program services $26,500 · management and general $26,075 · fundraising $747
-
11f · Fees: investment management
total $5,660 · management and general $5,660
-
12 · Advertising and promotion
total $47,382 · program services $47,382
-
13 · Office expenses
total $64,825 · program services $38,405 · management and general $24,517 · fundraising $1,903
-
16 · Occupancy
total $136,329 · program services $113,817 · management and general $17,358 · fundraising $5,154
-
17 · Travel
total $15,796 · program services $15,764 · management and general $32
-
20 · Interest
total $31,088 · program services $2,210 · management and general $28,713 · fundraising $165
-
22 · Depreciation, depletion and amortization
total $176,378 · program services $130,360 · management and general $35,582 · fundraising $10,436
-
23 · Insurance
total $33,568 · program services $26,521 · management and general $5,676 · fundraising $1,371
-
24a · Other expenses: EDUCATIONAL AND ARTISTIC
total $306,568 · program services $173,180 · management and general $8,291 · fundraising $125,097
-
24b · Other expenses: MISC
total $784 · program services $366 · management and general $418
-
24c · Other expenses: PROFESSIONAL DEVELOPMENT
total $4,202 · program services $344 · management and general $3,770 · fundraising $88
-
24d · Other expenses: BAD DEBT
total $2,250 · management and general $2,250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $703,289 · end of year $44,298
-
3 · Pledges and grants receivable
beginning of year $43,433 · end of year $59,255
-
4 · Accounts receivable
beginning of year $6,952 · end of year $17,201
-
8 · Inventories for sale or use
beginning of year $48,151 · end of year $51,182
-
9 · Prepaid expenses and deferred charges
beginning of year $2,805
-
10a · Land, buildings and equipment: cost or other basis
$6,132,336
-
10b · Land, buildings and equipment: accumulated depreciation
$2,178,394
-
10c · Land, buildings and equipment, net
beginning of year $4,040,941 · end of year $3,953,942
-
11 · Investments: publicly traded securities
beginning of year $1,293,531 · end of year $1,416,092
-
17 · Accounts payable and accrued expenses
beginning of year $74,345 · end of year $75,472
-
19 · Deferred revenue
beginning of year $3,122 · end of year $1,995
-
23 · Secured mortgages and notes payable
beginning of year $311,698 · end of year $311,698
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $210,000
-
27 · Net assets without donor restrictions
beginning of year $4,444,828 · end of year $4,654,072
-
28 · Net assets with donor restrictions
beginning of year $1,155,109 · end of year $288,733
Mission and programs · 2023
Mission
KMAC IS LOUISVILLES PREMIER CONTEMPORARY ART MUSEUM IN DOWNTOWN LOUISVILLE ON MUSEUM ROW. THROUGH EXHIBITIONS, EDUCATION, AND OUTREACH, KMAC WORKS TO CONNECT PEOPLE TO ART AND CREATIVE PRACTICE.
-
EXHIBITIONS AND PROGRAMS- THE MUSEUM FEATURES CONTEMPORARY ART THAT EXPLORES CRAFT EMPHASIZING THE TECHNIQUES, MATERIALS AND PROCESS OF CREATIVE EXPRESSION. THE MUSEUMS GOAL IS TO EDUCATE AND INSPIRE, WHILE PROMOTING A BETTER UNDERSTANDING OF ART AND CRAFT THROUGH EXHIBITIONS, COLLABORATIONS, OUTREACH AND PERMANENT COLLECTION. ALLIANCES ARE FORGED WITHIN KENTUCKY, REGIONALLY, NATIONALLY AND INTERNATIONALLY IN ORDER TO PARTICIPATE IN A BROADER CONVERSATION ABOUT ART AND ITS ROLE IN SOCIETY.
Expenses $913,330 · Revenue $120,682
-
EDUCATION- EDUCATIONAL OFFERINGS AT KMAC INCLUDE CAMPS, ARTIST RESIDENCIES, FIELD TRIPS, MOBILE MUSEUMS, FAMILY WORKSHOPS, AND ON AND OFF SITE WORKSHOPS. FIELD TRIPS INCLUDE A CORE-CONTENT BASED GUIDED TOUR OF EXHIBITS, FOLLOWED BY HANDS-ON ART PROJECT THAT STUDENTS CAN TAKE HOME. TEACHERS CHOOSE BETWEEN A THEMATIC PROJECT THAT MAKES CONNECTION TO CURRENT EXHIBITS AND A MORE SPECIFIC, HANDS ON PROJECT TO MAKE CONNECTIONS TO CURRENT CLASSROOM STUDY. POSSIBLE PROJECTS/MEDIA INCLUDE BOOKMAKING, PRINTMAKING, PAINTING, DRAWING, FIBER ART, CERAMICS, WOOD,FOLK ART, MIXED MEDIA AND MORE. THE MOBILE MUSEUM OUTREACH PROGRAM OFFERS HANDS ON ART PIECES AND PROJECTS WITH 13 DIFFERENT THEMES TO ENGAGE STUDENTS WITH ART OUTSIDE OF THE MUSEUM. THE SCHOLASTIC ARTIST-IN-RESIDENCE PROGRAM BRINGS A PROFESSIONAL ARTIST.
Expenses $295,268 · Revenue $72,770
As filed on the 2023 return.
Listed in Part VII
-
Michelle StaggsMICHELLE STAGGS
EXECUTIVE DIRECTOR
- Total calculated
- $106,734
- From this org
- $106,734
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Joey YatesJOEY YATES
CURATORIAL DIRECTOR
- Total calculated
- $77,182
- From this org
- $77,182
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mary Gwynne DoughertyMARY GWYNNE DOUGHERTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chase SpeidenCHASE SPEIDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Trina ObrianTRINA OBRIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca RaglandREBECCA RAGLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Heather VardaHEATHER VARDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christopher YostCHRISTOPHER YOST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lee MiddenorfLEE MIDDENORF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dana JohnsonDANA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris WelshCHRIS WELSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Debie MyersDEBIE MYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marlene GrissomMARLENE GRISSOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Theresa Carpenter BeamsTHERESA CARPENTER BEAMS
IMMEDIATE PAST RESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Tara HagertyTARA HAGERTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ayodeji LasisiAYODEJI LASISI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melissa HinesMELISSA HINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gina Del NegroGINA DEL NEGRO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Haven Herrington IIIHAVEN HERRINGTON III
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Clesia HensonCLESIA HENSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kevin KramerKEVIN KRAMER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521269349302067
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