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← ASHLEY GIBSON BARNETT MUSEUM OF ART AT FLORIDA SOUTHERN COLLEGE INC

Form 990 for tax year 2024

Filed by ASHLEY GIBSON BARNETT MUSEUM OF ART AT FLORIDA SOUTHERN COLLEGE INC.

Totals

Total revenue
$1,323,794
Total expenses
$1,959,166
Contributions and grants received
$1,055,248
Grants paid
$1,568
Program service revenue
$122,318
Investment income
$188,161
Other revenue
-$41,933
Total assets, end of year
$5,462,573
Total liabilities, end of year
$1,575,479
Net assets or fund balances, end of year
$3,887,094
Program services expenses (Part IX)
$857,626
Management and general expenses
$883,456
Fundraising expenses
$218,084
Program service expenses (Part III)
$857,626

Program services were 43.8% 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

    $312,465

  • 1c · Fundraising events

    $220,696

  • 1e · Government grants (contributions)

    $201,682

  • 1f · All other contributions, gifts and grants

    $320,405

  • 2a · Program service revenue: SUMMER CAMPS

    total $61,895 · related or exempt $61,895

  • 2b · Program service revenue: CLASSES AND WORKSHOPS

    total $60,423 · related or exempt $60,423

  • 3 · Investment income

    total $77,938 · excluded $77,938

  • 6a · Gross rents

    real property $24,500

  • 6b · Less rental expenses

    real property $4,957

  • 6c · Rental income or loss

    real property $19,543

  • 6d · Net rental income or loss

    total $19,543 · unrelated business $19,543

  • 7a · Gross sales of assets other than inventory

    securities $144,468

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

    securities $34,245

  • 7c · Gain or loss

    securities $110,223

  • 7d · Net gain or loss

    total $110,223 · excluded $110,223

  • 8a · Fundraising events: gross income

    $57,000

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

    $220,696

  • 8b · Fundraising events: direct expenses

    $142,741

  • 8c · Net income from fundraising events

    total -$85,741 · excluded -$85,741

  • 10a · Gross sales of inventory

    $69,243

  • 10b · Cost of goods sold

    $47,080

  • 10c · Net income from sales of inventory

    total $22,163 · excluded $22,163

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,102 · excluded $2,102

  • 11e · Other revenue, total

    $2,102

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,568 · program services $1,568

  • 5 · Compensation of officers, directors and key employees

    total $116,684 · management and general $116,684

  • 7 · Other salaries and wages

    total $639,720 · program services $426,641 · management and general $163,079 · fundraising $50,000

  • 8 · Pension plan contributions

    total $41,351 · management and general $41,351

  • 9 · Other employee benefits

    total $124,268 · program services $20,020 · management and general $104,248

  • 10 · Payroll taxes

    total $69,296 · management and general $69,296

  • 11c · Fees: accounting

    total $36,401 · management and general $36,401

  • 11f · Fees: investment management

    total $13,789 · management and general $13,789

  • 11g · Fees: other

    total $98,896 · program services $46,000 · management and general $52,896

  • 12 · Advertising and promotion

    total $108,104 · program services $3,741 · fundraising $104,363

  • 13 · Office expenses

    total $121,005 · program services $33,001 · management and general $63,304 · fundraising $24,700

  • 14 · Information technology

    total $12,391 · program services $10,176 · management and general $2,051 · fundraising $164

  • 16 · Occupancy

    total $214,872 · program services $148,894 · management and general $59,646 · fundraising $6,332

  • 17 · Travel

    total $3,222 · program services $3,222

  • 19 · Conferences, conventions and meetings

    total $519 · management and general $519

  • 22 · Depreciation, depletion and amortization

    total $179,444 · program services $134,583 · management and general $38,580 · fundraising $6,281

  • 23 · Insurance

    total $98,348 · management and general $98,348

  • 24a · Other expenses: ART PROGRAM COSTS

    total $56,194 · program services $26,725 · management and general $4,358 · fundraising $25,111

  • 24b · Other expenses: DUES AND MEMBERSHIPS

    total $17,665 · program services $3,055 · management and general $14,610

  • 24c · Other expenses: OTHER EXPENSES

    total $5,429 · management and general $4,296 · fundraising $1,133

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,120 · end of year $50,513

  • 2 · Savings and temporary cash investments

    beginning of year $264,311 · end of year $256,353

  • 3 · Pledges and grants receivable

    beginning of year $113,227 · end of year $129,978

  • 8 · Inventories for sale or use

    beginning of year $71,413 · end of year $75,316

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,099 · end of year $350

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

    $6,341,574

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

    $4,267,187

  • 10c · Land, buildings and equipment, net

    beginning of year $2,234,430 · end of year $2,074,387

  • 11 · Investments: publicly traded securities

    beginning of year $2,756,339 · end of year $2,847,050

  • 15 · Other assets

    beginning of year $44,246 · end of year $28,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,970 · end of year $38,793

  • 19 · Deferred revenue

    beginning of year $57,620 · end of year $77,350

  • 25 · Other liabilities

    beginning of year $957,469 · end of year $1,459,336

  • 27 · Net assets without donor restrictions

    beginning of year $3,095,532 · end of year $2,544,165

  • 28 · Net assets with donor restrictions

    beginning of year $1,347,594 · end of year $1,342,929

Mission and programs · 2024

Mission

AS AN ARTS LEADER IN FLORIDA, THE ASHLEY GIBSON BARNETT MUSEUM OF ART AT FLORIDA SOUTHERN COLLEGE INC (THE AGB) EDUCATES AND INSPIRES THE COMMUNITY THROUGH CREATIVE AND DIVERSE EXHIBITIONS AND THE ACQUISITION AND CARE OF A PERMANENT COLLECTION; CULTURAL ALLIANCES AND COMPELLING EVENTS AND PROGRAMS.

Activities or mission (Part I)

ENHANCES THE LIVES OF OUR VARIED COMMUNITIES BY BRINGING PEOPLE AND ART TOGETHER.

  • THE PRIMARY PROGRAM IS TO PROVIDE A FACILITY FOR PUBLIC AND ACADEMIC APPRECIATION OF THE ARTS AND ART HISTORY AND TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY AND BEYOND THROUGH CULTURAL AND VISUAL ARTS PROGRAMMING. THE AGB IS PROUD TO BE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS AND TO PARTNER WITH THE SMITHSONIAN INSTITUTION AS A SMITHSONIAN AFFILIATE MUSEUM AND WITH FLORIDA SOUTHERN COLLEGE AS ITS COLLEGE MUSEUM. AS AN ACADEMIC COMMUNITY MUSEUM, WE PROUDLY SERVE AND STRIVE TO ENGAGE LEARNERS OF ALL AGES. OUR COLLECTION FEATURING NEARLY 3,000 WORKS OF ART AND YEAR-ROUND EXHIBITION AND EDUCATIONAL PROGRAMMING BRING VISITORS FROM ACROSS THE GLOBE AND HAVE ESTABLISHED THE AGB AS A RESPECTED AND WELL-KNOWN RESOURCE AND SITE FOR EXCEPTIONAL ARTS EXPERIENCES.

    Expenses $619,216 · Grants $568

  • THROUGH OUR ROBUST EDUCATION PROGRAMMING WE STRIVE TO BRING PEOPLE AND ART TOGETHER WITH UNIQUE PROGRAMS THAT RANGE FROM VISUAL ARTS CLASSES AND ART LABORATORIES TO HANDS-ON TRAININGS WITH ARTISTS AND ART APPRECIATION LECTURES. WITH GRANT AND SPONSOR SUPPORT, WE ARE ABLE TO PROVIDE SPECIALIZED EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR TO COMMUNITY MEMBERS OF ALL AGES AND INCOME BRACKETS AT LITTLE OR NO COST TO THEM. ON-SITE PROGRAMMING INCLUDES DOCENT-LED TOURS AND VISITS TO THE AGB FOR ALL 4TH-GRADE STUDENTS IN POLK COUNTY SCHOOLS; ART CLASSES FOR ALL AGES AND SKILL LEVELS; FALL, SPRING, AND SUMMER ART CAMPS FOR CHILDREN AGES 7 AND UP (SCHOLARSHIPS ARE AVAILABLE); POLK COUNTY STUDENT ART EXHIBITIONS AND AWARD RECEPTIONS FOR EXHIBITING STUDENTS OF ALL GRADE LEVELS; (CONTINUED ON SCHEDULE O)LECTURES, WORKSHOPS, PERFORMANCES, AND OTHER SPECIAL EVENTS RELATED TO OUR EXHIBITIONS; AND ACADEMIC ENRICHMENT FOR FLORIDA SOUTHERN COLLEGE STUDENTS ACROSS DISCIPLINES.

    Expenses $238,410 · Grants $1,000 · Revenue $122,318

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Jeremy Martin

    VICE CHAIR

    Total calculated
    $206,991
    From this org
    $0
    From related orgs
    $181,046
    Other
    $25,945
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,046 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,065 related
    Nontaxable benefits
    $0 + $7,880 related
    Filer's total
    $0 + $206,991 related
  • Anne B Kerr

    VICE CHAIR (THRU 07/2024)

    Total calculated
    $538,004
    From this org
    $0
    From related orgs
    $488,490
    Other
    $49,514
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,490 related
    Bonus
    $0
    Other
    $0 + $36,000 related
    Deferred
    $0 + $35,700 related
    Nontaxable benefits
    $0 + $13,814 related
    Filer's total
    $0 + $538,004 related
  • V Terry Dennis

    ASSISTANT TREASURER

    Total calculated
    $396,490
    From this org
    $0
    From related orgs
    $355,768
    Other
    $40,722
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,768 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,833 related
    Nontaxable benefits
    $0 + $8,889 related
    Filer's total
    $0 + $396,490 related
  • Lynda Buck

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Peggy McKeel

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Chuck Foss

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Ashley Gibson Barnett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Sonji Caney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jinx Chaney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dorothy Jenkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • J William Meek III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Twana Richard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Phillip Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr H Alexander Rich

    EXECUTIVE DIRECTOR & CHIEF

    Total calculated
    $159,929
    From this org
    $0
    From related orgs
    $145,159
    Other
    $14,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $145,159 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,387 related
    Nontaxable benefits
    $0 + $383 related
    Filer's total
    $0 + $159,929 related

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 · Compensation survey or study
  • 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

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
2024
Filed
30 March 2026
IRS schema version
2024v5.5
Source object
202600929349300245

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