Form 990 for tax year 2022

Totals

Total revenue

$11,197,277

Total expenses

$1,275,412

Contributions and grants received

$11,255,030

Grants paid

$685,333

Program service revenue

$0

Investment income

-$57,753

Other revenue

$0

Total assets, end of year

$45,983,062

Total liabilities, end of year

$6,045,377

Net assets or fund balances, end of year

$39,937,685

Program services expenses (Part IX)

$687,438

Management and general expenses

$276,544

Fundraising expenses

$311,430

Program service expenses (Part III)

$687,438

Program services were 53.9% 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.

Mission and programs · 2022

• THE TAMPA MUSEUM OF ART FOUNDATION (FOUNDATION) IS A SUPPORT 501C3 ORGANIZATION FOR THE TAMPA MUSEUM OF ART (TMA), A CULTURAL INSTITUTE THAT ADDS MEASURABLE VALUE TO PEOPLE'S LIVES. THE TMA IS A PLACE TO CELEBRATE ICONIC WORKS OF ART IN EXHIBITIONS FEATURING BREAKTHROUGHS IN ARTISTIC DIRECTIONS AND WE ARE A VENUE FOR COMMUNITY FORUMS AND DIALOGUES WITH INTERNATIONALLY RECOGNIZED ART AND SCHOLARS. THE TMA IS ALSO A REPOSITORY OF ART FOR CURRENT AND FUTURE GENERATIONS, AS WE PROVIDE STUDIO ART PROGRAMS, SCHOOL FIELD TRIPS FOR STUDENTS AND TOURS FOR ADULTS, AND OFFER OVER SIXTEEN DIFFERENT ART EDUCATION PROGRAMS AND WORKSHOPS FOCUSED ON ANCIENT, MODERN, AND CONTEMPORARY ART. CONTINUED ON SCHEDULE O.THE FOUNDATION SUPPORTS THE TMA IN A VARIETY OF WAYS. THE FOUNDATION BOARD OVERSEES AND MANAGES THE SECURITY OF THE MUSEUM'S ENDOWMENT PORTFOLIO AND THROUGH COMMITTEE ACTION MANAGES THE INVESTMENT MANAGERS (INVESTMENT COMMITTEE), BEQUEST AND TRUST SOLICITATION AND PROGRAM OVERSIGHT (NEW CENTURY LEGACY SOCIETY COMMITTEE) AND LARGE GIFTS AND GRANTS FOR THE ENDOWMENT AND FOR CAPITAL IMPROVEMENT AND GROWTH (CAMPAIGN COMMITTEE). THE NEW CENTURY LEGACY SOCIETY COMMITTEE (NCLS) LAUNCHED AND SUPPORTED A LEGACY PROGRAM FOR THE MUSEUM THAT INCLUDES CONVENING THOSE WHO HAVE PLEDGED LEGACY GIFTS AND THOSE THAT INTEND TO LEAVE A BEQUEST TO THE TMA THROUGH THE FOUNDATION. TO FURTHER THOSE EFFORTS, IN 2022 ALL MARKETING MATERIALS PUBLIC AND PRIVATE MUSEUM PROGRAMS THAT REQUIRED RECOGNITION AND WELCOME REMARKS INCLUDED REFERENCES TO THE TMA LEGACY PROGRAM. THE CAMPAIGN COMMITTEE LAUNCHED A FUNDRAISING PROGRAM IN 2019 THAT CONTINUED THROUGH 2022 TO FUND THE REALLOCATION OF BACK-OF-THE-HOUSE GROSS SQUARE FEET TO PUBLICLY ACCESSIBLE PROGRAM SPACE WITH THE INTENTION OF REALIGNING APPROXIMATELY 14,000 NET SQUARE FEET OF EXISTING SPACE FOR EXHIBITIONS AND 7,000 NET SQUARE FEET OF EXISTING SPACE FOR EDUCATION PROGRAM ACTIVITIES. THE CAMPAIGN CONTINUED WELL INTO 2022 AND WILL RAISE THE NEEDED FUNDS TO EXPAND THE MUSEUM'S FOOTPRINT TO BETTER ACCOMMODATE THE INTERESTS OF OUR TAMPA BAY COMMUNITY IN EXPERIENCING MORE VISUAL ART PROGRAM SERVICES. WORKING IN TANDEM WITH ALL MEMBERS OF THE TMA BOARD OF TRUSTEES, THE REALLOCATION OF SPACE FUNDRAISING PROGRAM EXCEEDED ALL EXPECTATIONS AND RENOVATION COMMENCED IN JUNE OF 2021 AND CONTINUED INTO 2022. IN 2022, THE MUSEUM MOVED FORWARD WITH ITS ARCHITECTS WIESS MANFREDI TO EXECUTE AND COMPLETE CONSTRUCTION DOCUMENTS FOR A 51,000 SQUARE FOOT EXPANSION WHILE THE RENOVATION FOR REALIGNMENT OF BACK-OF-THE-HOUSE SPACE TO PUBLIC PROGRAMMABLE SPACE WAS UNDER CONSTRUCTION. THESE DOCUMENTS ARE PROJECTED TO BE COMPLETED IN JUNE OF 2023. THE INVESTMENT COMMITTEE MANAGES THE INVESTMENTS AND DISTRIBUTION RECOMMENDATIONS OF TWO FUNDS: "FUND A," WHOSE PRINCIPAL OTHER THAN THREE SMALL DONOR RESTRICTED FUNDS, IS RESTRICTED BY INTERNAL POLICY TO PROTECT THE PRINCIPAL AND PROVIDES FOR AN ANNUAL DISTRIBUTION NOT TO EXCEED 5% OF A FIVE-YEAR ROLLING BALANCE AVERAGE TO TMA, INC. FOR GENERAL OPERATING AND PROGRAM SUPPORT. "THE RICHARD E. PERRY AND DIVISION OF CULTURAL AFFAIRS CULTURAL ARTS FUND," DONOR RESTRICTED FUNDS WHOSE PRINCIPAL IS MATCHED WITH A $240,000 STATE OF FLORIDA CULTURAL ARTS ENDOWMENT FUND GRANT, PROVIDES AN ANNUAL DISTRIBUTION TO THE TAMPA MUSEUM OF ART NOT TO EXCEED THE INCOME IT GENERATES IN ONE YEAR. THE PERRY FUND DISTRIBUTION IS RESTRICTED TO SUPPORTING PROGRAMMING AND ADMINISTRATION RELATED TO THE MUSEUM'S LARGE COLLECTION OF ANCIENT ART FROM THE GREEK AND ROMAN EMPIRES. IN 2022, THE TAMPA MUSEUM OF ART'S PERMANENT COLLECTION COMPRISED OVER 7,541 OBJECTS. THE MUSEUM PRIMARILY COLLECTS CLASSICAL ANTIQUITIES (625 OBJECTS), 19TH-CENTURY PHOTOGRAPHY AND PRINTS EMPHASIZING WORKS THAT RELATE TO THE CLASSICAL COLLECTION (APPROXIMATELY 1,300 OBJECTS), MODERN AND CONTEMPORARY ART IN A VARIETY OF MEDIA (OVER 5,615 OBJECTS), WITH AN EMPHASIS ON PHOTOGRAPHY, ART CREATED AFTER 1970, AND NEW MEDIA. THE MUSEUM COLLECTS WORKS BY NATIONALLY AND INTERNATIONALLY RECOGNIZED ARTISTS IN A RANGE OF TECHNIQUES AND MEDIUMS, MANY OF WHOM HAVE TIES TO FLORIDA AND THE TAMPA BAY REGION. THE MUSEUM RECOGNIZES THAT ITS ACQUISITIONS TODAY ARE SETTING STANDARDS FOR FUTURE COLLECTING ACTIVITY AND BUILDING A FOUNDATION FOR EXHIBITIONS AND EDUCATION PROGRAMMING. ALTHOUGH THE FOUNDATION WAS A FLEDGLING OF ONLY 24 YEARS OLD IN 2022 (HAVING BEEN INCORPORATED IN 1998) IN COMPARISON TO THE 102 YEAR-OLD TMA, ITS DISTRIBUTIONS OF FUNDS IN 2022 HELPED SUPPORT ALL MUSEUM OPERATIONS AND PROGRAMMING AS SCHEDULED AND RECONSIDERED AS A RESULT OF THE PANDEMIC. THE FOLLOWING IS A SNAPSHOT OF THE 2022 ACTIVITIES SUPPORTED BY THE FOUNDATION. IN 2022, THE TAMPA MUSEUM OF ART'S PERMANENT COLLECTION COMPRISED OVER 7,541 OBJECTS. THE MUSEUM PRIMARILY COLLECTS CLASSICAL ANTIQUITIES (625 OBJECTS), 19TH-CENTURY PHOTOGRAPHY AND PRINTS EMPHASIZING WORKS THAT RELATE TO THE CLASSICAL COLLECTION (APPROXIMATELY 1,300 OBJECTS), MODERN AND CONTEMPORARY ART IN A VARIETY OF MEDIA (OVER 5,615 OBJECTS), WITH AN EMPHASIS ON PHOTOGRAPHY, ART CREATED AFTER 1970, AND NEW MEDIA. THE MUSEUM COLLECTS WORKS BY NATIONALLY AND INTERNATIONALLY RECOGNIZED ARTISTS IN A RANGE OF TECHNIQUES AND MEDIUMS, MANY OF WHOM HAVE TIES TO FLORIDA AND THE TAMPA BAY REGION. THE MUSEUM RECOGNIZES THAT ITS ACQUISITIONS TODAY ARE SETTING STANDARDS FOR FUTURE COLLECTING ACTIVITY AND BUILDING A FOUNDATION FOR EXHIBITIONS AND EDUCATION PROGRAMMING. THE MUSEUM CELEBRATED ITS 102ND ANNIVERSARY IN 2022 AND OPENED ITS NEW VINIK EDUCATION CENTER, 8,000 SQUARE FEET OF ADDITIONAL EDUCATION PROGRAM SPACE REDESIGNED FROM BACK-OF-THE-HOUSE DRY STORAGE SPACE IN MAY. A NEW GRAND EDUCATION LOBBY ACCOMMODATING GENERAL VISITORS ENTERING THE MUSEUM ON THE EAST SIDE OF THE BUILDING WAS DESIGNED TO WELCOME TWO- TO THREE- SCHOOL BUSLOADS OF STUDENTS ON TOUR AT THE MUSEUM AND PROVIDE FOR OFFERING SEQUESTERED ENTRANCE TO CLASSES WHILE THE GALLERIES ARE CLOSED POST-5:00 PM. THE CENTER NOW BOASTS OF TWO NEW CLASSROOM FACILITIES DEDICATED TO TWO- AND THREE-DIMENSIONAL ART WITH A FOCUS ON ASSEMBLAGE, COLLAGE, LIFE-DRAWING, AND PAINTING AS WELL AS WHEEL-THROWING, COIL BUILDING AND SLAB ROLLING CLASSES. A DOCENT/VOLUNTEER LOUNGE WAS DESIGNED TO ACCOMMODATE RESOURCES AND CONFERENCE AREA FOR OUR TOUR GUIDES AND A NEW ROOM DESIGNED FOR A KILN WAS OPENED. THE ONLY EXISTING CLASSROOM PRIOR TO REDESIGN WAS RENOVATED TO OFFER TECH-CLASSES IN GRAPHIC DESIGN, DIGITAL PHOTOGRAPHY, AND MULTI-MEDIA EDITING AND PRODUCING AND THE FLAT FLOOR LECTURE HALL WAS REDESIGNED TO ALSO OFFER REGIONAL ART EXHIBITIONS AND FAMILY EDUCATION PROGRAMS. THE RESULTS WERE IMMEDIATE. THE MUSEUM QUADRUPLED ITS CAMPS AND CLASSES AND STARTED OFFERING STUDENT CLASSES YEAR-ROUND. IN 2022, THE MUSEUM SAW CLOSE TO 10,000 EDUCATION PROGRAM PARTICIPANTS. THROUGH THE YEAR, THE TAMPA MUSEUM OF ART CONTINUED TO RAISE REVENUE AND ALLOCATE ITS RESOURCES TOWARD PROGRAM MANAGEMENT AND PRESENTATION OF COLLECTIONS, COLLECTIONS' CARE AND MANAGEMENT, AND A PROVIDE A ROBUST SCHEDULE OF EXHIBITION AND EDUCATION PROGRAMS TO SERVE THE TAMPA BAY COMMUNITY, ALBEIT VIRTUAL AS WELL AS IN PERSON. AS A RESULT OF COMPLETING THE RENOVATION OF THE WEST LOBBY TO THE MUSEUM, INCREASING OUR SQUARE FOOTAGE OF THE STORE, AND REDESIGNING THE FIRST-FLOOR ATRIUM INTO A SCULPTURE GALLERY WE COMPLETED THE TRANSFORMATION OF 6,000 SQUARE FEET OF REDESIGNED PUBLIC SPACES ON THE FIRST FLOOR OF THE MUSEUM. ADDITIONALLY, THE MUSEUM ONBOARDED A NEW 3,000 SQUARE FOOT GALLERY ON THE SECOND FLOOR AND RELOCATED THE STORAGE OF THE PERMANENT COLLECTION INTO A NEW 4,000 SQUARE FOOT STORAGE ROOM. THIS ALLOWED US TO EXTEND THREE EXHIBITIONS INTO 2022 AND FEATURE AN ADDITIONAL TEN IMPORTANT TRAVELING AND IN-HOUSE CURATED EXHIBITIONS FOR THE TAMPA BAY COMMUNITY AND BEYOND, EACH OUTLINED BRIEFLY BELOW.

  Expenses $687,438 · Grants $685,333

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• TAMPA MUSEUM OF ART INC

  $685,333

  TO SUPPORT THE TAMPA MUSEUM OF ART, INC.

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.

• TAMPA MUSEUM OF ART INC

  501(C)(3) · MUSEUM · FL

Provenance

Return type

form_990

Tax year

2022

Filed

7 September 2023

IRS schema version

2022v5.0

Source object

202312589349300011

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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