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Nonprofiteer
← BIRMINGHAM MUSEUM OF ART ENDOWMENT TR

Form 990 for tax year 2022

Filed by BIRMINGHAM MUSEUM OF ART ENDOWMENT TR.

Totals

Total revenue
$632,831
Total expenses
$1,237,747
Contributions and grants received
$12,500
Grants paid
$0
Program service revenue
$0
Investment income
$620,331
Other revenue
$0
Total assets, end of year
$26,361,696
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$26,361,696
Program services expenses (Part IX)
$1,237,747
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,237,747

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $12,500

  • 3 · Investment income

    total $490,201 · excluded $490,201

  • 7a · Gross sales of assets other than inventory

    securities $1,315,736

  • 7b · Less cost or other basis and sales expenses

    securities $1,185,606

  • 7c · Gain or loss

    securities $130,130

  • 7d · Net gain or loss

    total $130,130 · excluded $130,130

Functional expenses

Part IX, the statement of functional expenses.

  • 21 · Payments to affiliates

    total $1,237,747 · program services $1,237,747

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $41,500

  • 4 · Accounts receivable

    end of year $5,000

  • 11 · Investments: publicly traded securities

    beginning of year $25,052,412 · end of year $26,356,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,964

  • 27 · Net assets without donor restrictions

    beginning of year $13,814,887 · end of year $14,585,424

  • 28 · Net assets with donor restrictions

    beginning of year $11,253,061 · end of year $11,776,272

Mission and programs · 2022

Mission

PURPOSE IS TO USE INCOME PRODUCED BY THE TRUST TO SUPPORT THE OPERATIONS OF BMA AT THE DIRECTION OF THE DIRECTORS.

Activities or mission (Part I)

TO PROVIDE INCOME FOR THE OPERATIONS OF THE BIRMINGHAM MUSEUM OF ART

  • TO PROVIDE OPERATING SUPPORT TO THE BIRMINGHAM MUSEUM OF ART

    Expenses $1,237,747

As filed on the 2022 return.

Listed in Part VII

  • BRAXTON GOODRICH

    EXECUTIVE COMMITTEE CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • SANJAY SINGH

    MUSEUM BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • HENRY S LYNN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J ANDREW ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRAHAM C BOETTCHER

    MUSEUM DIRECTOR AND CEO

    Total calculated
    $262,940
    From this org
    $249,162
    From related orgs
    $0
    Other
    $13,778
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $249,162
    Bonus
    $0
    Other
    $0
    Deferred
    $6,667
    Nontaxable benefits
    $7,111
    Filer's total
    $262,940

  • JOHNNY MCINTOSH

    DIRECTOR OF FINANCE AND FACILITIES

    Total calculated
    $122,372
    From this org
    $105,549
    From related orgs
    $0
    Other
    $16,823
    Hours/week
    1

  • MEGHAN HELLENGA

    DEPUTY DIRECTOR

    Total calculated
    $78,341
    From this org
    $70,595
    From related orgs
    $0
    Other
    $7,746
    Hours/week
    1

  • NANCY HENDRIX

    DIRECTOR OF INSTITUTIONAL ADVEANCEMENT

    Total calculated
    $142,414
    From this org
    $123,973
    From related orgs
    $0
    Other
    $18,441
    Hours/week
    1

  • BILL SMITH

    DIRECTOR OR PEOPLE AND CULTURE

    Total calculated
    $114,117
    From this org
    $98,954
    From related orgs
    $0
    Other
    $15,163
    Hours/week
    1

  • ANNE FORSCHLER

    DIRECTOR OF COLLECTIONS AND EXHIBITIONS

    Total calculated
    $17,002
    From this org
    $16,507
    From related orgs
    $0
    Other
    $495
    Hours/week
    1

  • JAMES WILLIAMS

    DIRECTOR OF DESIGN AND TECHNOLOGY

    Total calculated
    $91,543
    From this org
    $82,165
    From related orgs
    $0
    Other
    $9,378
    Hours/week
    1

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

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS APPROVE THE COMPENSATION OF THE MUSEUM DIRECTOR.

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

No itemized grants to organizations 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
7 December 2023
IRS schema version
2022v5.0
Source object
202313469349300936

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

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