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Nonprofiteer
← DENVER ART MUSEUM FOUNDATION

Form 990 for tax year 2022

Filed by DENVER ART MUSEUM FOUNDATION.

Totals

Total revenue
$4,223,274
Total expenses
$8,266,767
Contributions and grants received
$2,098,942
Grants paid
$7,908,884
Program service revenue
$0
Investment income
$2,124,332
Other revenue
$0
Total assets, end of year
$175,445,380
Total liabilities, end of year
$14,517,611
Net assets or fund balances, end of year
$160,927,769
Program services expenses (Part IX)
$7,908,884
Management and general expenses
$357,883
Fundraising expenses
$0
Program service expenses (Part III)
$7,908,884

Program services were 95.7% 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.

  • 1d · Related organizations

    $2,093,298

  • 1f · All other contributions, gifts and grants

    $5,644

  • 3 · Investment income

    total $823,857 · unrelated business -$123,608 · excluded $947,465

  • 7a · Gross sales of assets other than inventory

    securities $1,300,475

  • 7c · Gain or loss

    securities $1,300,475

  • 7d · Net gain or loss

    total $1,300,475 · unrelated business $63,897 · excluded $1,236,578

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,908,884 · program services $7,908,884

  • 11f · Fees: investment management

    total $269,014 · management and general $269,014

  • 24a · Other expenses: ADMINISTRATIVE

    total $88,869 · management and general $88,869

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,677,875 · end of year $18,032,070

  • 11 · Investments: publicly traded securities

    beginning of year $18,006,354 · end of year $19,466,410

  • 12 · Investments: other securities

    beginning of year $125,050,271 · end of year $136,235,900

  • 15 · Other assets

    beginning of year $1,711,000 · end of year $1,711,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,659 · end of year $39,815

  • 18 · Grants payable

    beginning of year $7,403,783 · end of year $7,908,884

  • 25 · Other liabilities

    beginning of year $6,048,155 · end of year $6,568,912

  • 27 · Net assets without donor restrictions

    beginning of year $1,697,696 · end of year $1,784,019

  • 28 · Net assets with donor restrictions

    beginning of year $149,242,207 · end of year $159,143,750

Mission and programs · 2022

Mission

THE FOUNDATION WAS ESTABLISHED EXCLUSIVELY TO OWN AND ADMINISTER FUNDS FOR THE DENVER ART MUSEUM AND TO MAKE PERIODIC DISTRIBUTIONS TO THE MUSEUM FOR ITS EDUCATIONAL AND CHARITABLE PURPOSES.

  • THE FOUNDATION WAS ESTABLISHED TO OWN AND ADMINISTER FUNDS EXCLUSIVELY FOR THE DENVER ART MUSEUM AND TO MAKE PERIODIC DISTRIBUTIONS TO THE MUSEUM FOR ITS EDUCATIONAL AND CHARITABLE PURPOSES.

    Expenses $7,908,884 · Grants $7,908,884

As filed on the 2022 return.

Listed in Part VII

  • J Landis Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Richard D McCormick

    SECRETARY AN

    Total calculated
    $0
    Hours/week
    0.3

  • Sarah Anschutz

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Thomas A Petrie

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • David Birnbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Peter H Coors

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • William J Hybl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Elisabeth W Ireland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Scott J Reiman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Dorothy Horrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Raju Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Daniel Yohannes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431349349306098

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