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← FRIENDS OF THE SPRINGFIELD ART MUSEUM INC

Form 990 for tax year 2023

Filed by FRIENDS OF THE SPRINGFIELD ART MUSEUM INC.

Totals

Total revenue
$308,191
Total expenses
$143,112
Contributions and grants received
$201,126
Grants paid
$81,985
Program service revenue
$0
Investment income
$159,719
Other revenue
-$52,654
Total assets, end of year
$6,188,396
Total liabilities, end of year
$1,448
Net assets or fund balances, end of year
$6,186,948
Program services expenses (Part IX)
$81,985
Management and general expenses
$49,404
Fundraising expenses
$11,723
Program service expenses (Part III)
$81,985

Program services were 57.3% 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.

  • 1c · Fundraising events

    $57,550

  • 1f · All other contributions, gifts and grants

    $143,576

  • 3 · Investment income

    total $159,719 · excluded $159,719

  • 8a · Fundraising events: gross income

    $16,150

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

    $57,550

  • 8b · Fundraising events: direct expenses

    $68,804

  • 8c · Net income from fundraising events

    total -$52,654 · excluded -$52,654

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $81,985 · program services $81,985

  • 11c · Fees: accounting

    total $3,250 · management and general $3,250

  • 11f · Fees: investment management

    total $22,516 · management and general $22,516

  • 12 · Advertising and promotion

    total $11,723 · fundraising $11,723

  • 14 · Information technology

    total $1,118 · management and general $1,118

  • 23 · Insurance

    total $3,635 · management and general $3,635

  • 24a · Other expenses: MDFB FEES

    total $14,373 · management and general $14,373

  • 24b · Other expenses: SHIPPING & POSTAGE

    total $3,691 · management and general $3,691

  • 24c · Other expenses: QUICKBOOKS PAYMENTS FEES

    total $679 · management and general $679

  • 24d · Other expenses: PRINTING & PHOTOCOPYING

    total $88 · management and general $88

  • 24e · All other expenses

    total $54 · management and general $54

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $737,749 · end of year $109,011

  • 2 · Savings and temporary cash investments

    beginning of year $5,206 · end of year $711,736

  • 3 · Pledges and grants receivable

    beginning of year $791,000 · end of year $404,100

  • 11 · Investments: publicly traded securities

    beginning of year $4,441,453 · end of year $4,618,586

  • 15 · Other assets

    end of year $344,963

  • 17 · Accounts payable and accrued expenses

    end of year $1,448

  • 27 · Net assets without donor restrictions

    beginning of year $5,339,908 · end of year $5,551,448

  • 28 · Net assets with donor restrictions

    beginning of year $635,500 · end of year $635,500

Mission and programs · 2023

Mission

DEVELOPING AND PROVIDING FINANCIAL SUPPORT, AND ENCOURAGING THE DEVELOPMENT OF FINANCIAL SUPPORT, FOR THE SPRINGFIELD ART MUSEUM OF THE CITY OF SPRINGFIELD, MISSOURI, AND OF ITS ARTISTIC AND EDUCATIONAL MISSION, AND ITS PUBLIC BUILDING AND PUBLIC WORKS NEEDS, AND THE UNMET OR UNDERFUNDED FINANCIAL NEEDS OF THE SPRINGFIELD ART MUSEUM.

  • OPERATION OF THE SPRINGFIELD ART MUSEUM AND SUPPORT OF RELATED PROGRAMS AND PHYSICAL EXPANSION.

    Expenses $81,985 · Grants $81,985

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sally Baird

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Howard Cavner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Edwards

    SECRETARTY

    Total calculated
    $0
    Hours/week
    1
  • Leaster Gibson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shae Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sarah Kerner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alia Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John McQueary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Rader

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Brian Riedy

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jesse Tyler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sonya Wise

    CHAIR

    Total calculated
    $0
    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.

Grants on this return

  • SPRINGFIELD ART MUSEUM

    $81,985

    PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2023
Filed
29 February 2024
IRS schema version
2023v5.0
Source object
202420999349300732

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