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Nonprofiteer
← THE AMERICAN GRAFFITI MUSEUM INC

Form 990 for tax year 2024

Filed by THE AMERICAN GRAFFITI MUSEUM INC.

Totals

Total revenue
$204,122
Total expenses
$241,541
Contributions and grants received
$242,401
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$38,279
Total assets, end of year
$1,812,348
Total liabilities, end of year
$972,274
Net assets or fund balances, end of year
$840,074
Program services expenses (Part IX)
$0
Management and general expenses
$241,541
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $242,401

  • 6a · Gross rents

    real property $48,610

  • 6b · Less rental expenses

    real property $86,889

  • 6c · Rental income or loss

    real property -$38,279

  • 6d · Net rental income or loss

    total -$38,279 · excluded -$38,279

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,462 · management and general $115,462

  • 9 · Other employee benefits

    total $19,766 · management and general $19,766

  • 10 · Payroll taxes

    total $10,533 · management and general $10,533

  • 11b · Fees: legal

    total $45 · management and general $45

  • 11c · Fees: accounting

    total $1,900 · management and general $1,900

  • 11g · Fees: other

    total $782 · management and general $782

  • 12 · Advertising and promotion

    total $350 · management and general $350

  • 13 · Office expenses

    total $3,364 · management and general $3,364

  • 16 · Occupancy

    total $20,111 · management and general $20,111

  • 20 · Interest

    total $58,059 · management and general $58,059

  • 23 · Insurance

    total $5,753 · management and general $5,753

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $4,985 · management and general $4,985

  • 24b · Other expenses: AUTO AND TRAVEL EXPENSE

    total $431 · management and general $431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16 · end of year $9,961

  • 4 · Accounts receivable

    end of year $1,297

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

    $1,801,090

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,704,170 · end of year $1,801,090

  • 17 · Accounts payable and accrued expenses

    end of year $28,095

  • 22 · Loans and payables to officers and key people

    beginning of year $121,800 · end of year $207,000

  • 23 · Secured mortgages and notes payable

    beginning of year $740,893 · end of year $733,179

  • 25 · Other liabilities

    beginning of year $4,000 · end of year $4,000

  • 27 · Net assets without donor restrictions

    beginning of year $837,493 · end of year $840,074

Mission and programs · 2024

Mission

PRESERVE AND PROMOTE PUBLIC KNOWLEDGE OF AND APPRECIATION FOR THE HISTORICAL AND EDUCATIONAL VALUE OF GRAFFITI ART AND TO ENCOURAGE HISTORICAL RESEARCH IN THE FIELD.

  • (A) ESTABLISH A MUSEUM AS A HEADQUARTERS FOR THE COLLECTION AND DISSEMINATION OF INFORMATION REGARDING GRAFFITI ART;(B) ACQUIRE THE TITLE TO OR CUSTODY OF GRAFFITI ART; (C) PRESERVE AND PROMOTE PUBLIC KNOWLEDGE OF AND APPRECIATION FOR THE HISTORICAL AND EDUCATIONAL VALUE OF GRAFFITI ART AND TO ENCOURAGE HISTORICAL RESEARCH IN THE FIELD; AND(D) SOLICIT SUPPORT, FUNDS, REQUEST AND RECEIVE GRANTS, GIFTS, CONTRIBUTIONS, DUES AND BEQUESTS OF MONEY, REAL AND PERSONAL PROPERTY FOR THE CORPORATION'S ACTIVITIES FROM THE PUBLIC GENERALLY.

As filed on the 2024 return.

Listed in Part VII

  • Daniel Brenna Jr

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Michael Berrin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Richard Blackstone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sergio Coscia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Darleen Gillespie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Levine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Douglas H Palmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Julia Taylor

    EXECUTIVE DIRECTOR

    Total calculated
    $134,910
    From this org
    $115,462
    From related orgs
    $0
    Other
    $19,448
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.1
Source object
202521269349301342

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