Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $438,350

• 1c · Fundraising events

  $576,988

• 1d · Related organizations

  $1,166,157

• 1e · Government grants (contributions)

  $91,000

• 1f · All other contributions, gifts and grants

  $4,280,577

• 1g · Noncash contributions included above

  $370,410

• 2a · Program service revenue: ADMISSIONS

  total $1,403,350 · related or exempt $1,403,350

• 2b · Program service revenue: FACILITY RENTALS

  total $708,079 · related or exempt $708,079

• 2c · Program service revenue: MEMBERSHIP DUES

  total $704,443 · related or exempt $704,443

• 3 · Investment income

  total $74,064 · excluded $74,064

• 5 · Royalties

  total $3,898 · excluded $3,898

• 8a · Fundraising events: gross income

  $79,600

• 8a · Fundraising events: contributions included on line 1c

  $576,988

• 8b · Fundraising events: direct expenses

  $145,239

• 8c · Net income from fundraising events

  total -$65,639 · excluded -$65,639

• 10a · Gross sales of inventory

  $1,034,856

• 10b · Cost of goods sold

  $471,579

• 10c · Net income from sales of inventory

  total $563,277 · related or exempt $563,277

• 11a · Other revenue: SHARED COSTS REIMBURSEMENTS

  total $326,811 · related or exempt $326,811

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $67,237 · related or exempt $67,237

• 11e · Other revenue, total

  $394,048

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $601,998 · program services $134,172 · management and general $333,654 · fundraising $134,172

• 7 · Other salaries and wages

  total $5,129,623 · program services $3,361,303 · management and general $861,486 · fundraising $906,834

• 8 · Pension plan contributions

  total $48,062 · program services $29,387 · management and general $9,956 · fundraising $8,719

• 9 · Other employee benefits

  total $735,570 · program services $486,007 · management and general $148,301 · fundraising $101,262

• 10 · Payroll taxes

  total $416,030 · program services $254,380 · management and general $86,181 · fundraising $75,469

• 11b · Fees: legal

  total $26,833 · management and general $26,833

• 11c · Fees: accounting

  total $69,242 · management and general $69,242

• 11f · Fees: investment management

  total $52 · management and general $52

• 11g · Fees: other

  total $1,008,770 · program services $621,046 · management and general $225,058 · fundraising $162,666

• 12 · Advertising and promotion

  total $300,413 · program services $292,368 · management and general $3,769 · fundraising $4,276

• 13 · Office expenses

  total $430,179 · program services $168,174 · management and general $65,706 · fundraising $196,299

• 14 · Information technology

  total $274,753 · program services $201,757 · management and general $56,820 · fundraising $16,176

• 16 · Occupancy

  total $433,186 · program services $341,075 · management and general $76,041 · fundraising $16,070

• 17 · Travel

  total $76,758 · program services $68,292 · management and general $1,931 · fundraising $6,535

• 20 · Interest

  total $31,736 · program services $1,999 · management and general $29,388 · fundraising $349

• 22 · Depreciation, depletion and amortization

  total $387,644 · program services $313,911 · management and general $55,749 · fundraising $17,984

• 23 · Insurance

  total $451,248 · program services $361,067 · management and general $90,181

• 24a · Other expenses: EXHIBITION EXPENSES

  total $606,132 · program services $606,132

• 24b · Other expenses: ART ACQUISITIONS

  total $283,600 · program services $283,600

• 24c · Other expenses: FOOD AND SUPPLIES

  total $236,998 · program services $110,428 · management and general $52 · fundraising $126,518

• 24d · Other expenses: CURATORIAL EXPENSES

  total $125,830 · program services $125,584 · fundraising $246

• 24e · All other expenses

  total $195,411 · program services $107,326 · management and general $59,537 · fundraising $28,548

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,866,520 · end of year $1,572,947

• 2 · Savings and temporary cash investments

  beginning of year $5,156,231 · end of year $1,909,818

• 3 · Pledges and grants receivable

  beginning of year $454,745 · end of year $1,155,060

• 4 · Accounts receivable

  beginning of year $61,366 · end of year $189,462

• 8 · Inventories for sale or use

  beginning of year $212,281 · end of year $247,626

• 9 · Prepaid expenses and deferred charges

  beginning of year $170,143 · end of year $192,879

• 10a · Land, buildings and equipment: cost or other basis

  $10,677,872

• 10b · Land, buildings and equipment: accumulated depreciation

  $8,122,356

• 10c · Land, buildings and equipment, net

  beginning of year $2,886,777 · end of year $2,555,516

• 11 · Investments: publicly traded securities

  end of year $1,355,168

• 15 · Other assets

  beginning of year $1,758,116 · end of year $1,939,061

• 17 · Accounts payable and accrued expenses

  beginning of year $647,388 · end of year $647,880

• 19 · Deferred revenue

  beginning of year $595,846 · end of year $703,326

• 23 · Secured mortgages and notes payable

  beginning of year $762,030 · end of year $663,142

• 25 · Other liabilities

  beginning of year $440,983 · end of year $344,236

• 27 · Net assets without donor restrictions

  beginning of year $7,049,592 · end of year $5,211,123

• 28 · Net assets with donor restrictions

  beginning of year $3,070,340 · end of year $3,547,830

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

THE ORGANIZATION DETERMINES EXECUTIVE COMPENSATION BY COMPARISON TO THE FORMS 990 OF OTHER SIMILAR ORGANIZATIONS, REVIEW OF COMPENSATION SURVEYS, AND APPROVAL OF THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ARIZONA COSTUME INSTITUTE

  SUPPORT THE ACTIVITIES AND MISSION OF THE PHOENIX ART MUSEUM · AZ · income $485,409 · assets $0

  Directly controlled by PHOENIX ART MUSEUM