Totals
- Total revenue
- $17,055,129
- Total expenses
- $16,899,970
- Contributions and grants received
- $11,900,364
- Grants paid
- $0
- Program service revenue
- $544,556
- Investment income
- $4,031,382
- Other revenue
- $578,827
- Total assets, end of year
- $143,462,541
- Total liabilities, end of year
- $4,819,687
- Net assets or fund balances, end of year
- $138,642,854
- Program services expenses (Part IX)
- $12,437,659
- Management and general expenses
- $3,133,097
- Fundraising expenses
- $1,329,214
- Program service expenses (Part III)
- $12,437,659
Program services were 73.6% 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
$781,189
-
1f · All other contributions, gifts and grants
$11,119,175
-
1g · Noncash contributions included above
$441,800
-
2a · Program service revenue: ADMISSIONS
total $261,991 · related or exempt $261,991
-
2b · Program service revenue: MEMBERSHIPS
total $244,291 · related or exempt $244,291
-
2c · Program service revenue: EDUCATION PROGRAMMING
total $38,274 · related or exempt $38,274
-
3 · Investment income
total $2,086,338 · unrelated business $11,444 · excluded $2,074,894
-
6a · Gross rents
real property $416,858
-
6b · Less rental expenses
real property $255,901
-
6c · Rental income or loss
real property $160,957
-
6d · Net rental income or loss
total $160,957 · unrelated business $160,957
-
7a · Gross sales of assets other than inventory
securities $25,192,146
-
7b · Less cost or other basis and sales expenses
securities $23,247,102
-
7c · Gain or loss
securities $1,945,044
-
7d · Net gain or loss
total $1,945,044 · excluded $1,945,044
-
8a · Fundraising events: gross income
$199,557
-
8a · Fundraising events: contributions included on line 1c
$781,189
-
8b · Fundraising events: direct expenses
$479,965
-
8c · Net income from fundraising events
total -$280,408 · excluded -$280,408
-
10a · Gross sales of inventory
$146,708
-
10b · Cost of goods sold
$84,154
-
10c · Net income from sales of inventory
total $62,554 · related or exempt $62,554
-
11a · Other revenue: PARKING GARAGE
total $496,085 · unrelated business $175,754 · excluded $320,331
-
11b · Other revenue: FILM PROGRAM
total $139,639 · excluded $139,639
-
11e · Other revenue, total
$635,724
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $671,038 · management and general $671,038
-
7 · Other salaries and wages
total $4,837,508 · program services $3,337,644 · management and general $792,961 · fundraising $706,903
-
8 · Pension plan contributions
total $166,009 · program services $129,088 · management and general $14,004 · fundraising $22,917
-
9 · Other employee benefits
total $610,887 · program services $405,850 · management and general $132,987 · fundraising $72,050
-
10 · Payroll taxes
total $391,095 · program services $259,828 · management and general $85,140 · fundraising $46,127
-
11b · Fees: legal
total $26,981 · program services $5,995 · management and general $20,955 · fundraising $31
-
11c · Fees: accounting
total $86,767 · management and general $86,767
-
11f · Fees: investment management
total $371,052 · management and general $371,052
-
11g · Fees: other
total $37,153 · program services $24,683 · management and general $8,088 · fundraising $4,382
-
13 · Office expenses
total $275,542 · program services $145,898 · management and general $124,239 · fundraising $5,405
-
14 · Information technology
total $249,237 · program services $5,410 · management and general $243,827
-
16 · Occupancy
total $1,592,786 · program services $1,406,130 · management and general $186,017 · fundraising $639
-
17 · Travel
total $186,299 · program services $93,585 · management and general $17,428 · fundraising $75,286
-
19 · Conferences, conventions and meetings
total $60,607 · program services $37,589 · management and general $6,204 · fundraising $16,814
-
22 · Depreciation, depletion and amortization
total $3,114,235 · program services $2,992,780 · management and general $105,884 · fundraising $15,571
-
23 · Insurance
total $143,891 · program services $143,491 · management and general $349 · fundraising $51
-
24a · Other expenses: ACCESSIONS
total $1,164,266 · program services $1,164,266
-
24b · Other expenses: MEDIA & COMMUNICATIONS
total $848,312 · program services $715,226 · management and general $129,369 · fundraising $3,717
-
24c · Other expenses: EXHIBITIONS
total $767,102 · program services $737,185 · management and general $26,081 · fundraising $3,836
-
24d · Other expenses: GUEST RELATIONS
total $197,708 · program services $192,783 · management and general $4,326 · fundraising $599
-
24e · All other expenses
total $1,101,495 · program services $640,228 · management and general $106,381 · fundraising $354,886
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,216 · end of year $3,129
-
2 · Savings and temporary cash investments
beginning of year $4,935,143 · end of year $1,537,099
-
3 · Pledges and grants receivable
beginning of year $4,502,099 · end of year $7,229,486
-
4 · Accounts receivable
beginning of year $95,526 · end of year $11,875
-
8 · Inventories for sale or use
beginning of year $150,884 · end of year $153,133
-
9 · Prepaid expenses and deferred charges
beginning of year $96,814 · end of year $298,921
-
10a · Land, buildings and equipment: cost or other basis
$98,149,003
-
10b · Land, buildings and equipment: accumulated depreciation
$44,982,855
-
10c · Land, buildings and equipment, net
beginning of year $48,143,073 · end of year $53,166,148
-
11 · Investments: publicly traded securities
beginning of year $59,762,074 · end of year $69,617,534
-
12 · Investments: other securities
beginning of year $10,608,548 · end of year $10,024,099
-
15 · Other assets
beginning of year $3,073,162 · end of year $1,421,117
-
17 · Accounts payable and accrued expenses
beginning of year $2,437,101 · end of year $3,117,706
-
19 · Deferred revenue
beginning of year $100,389 · end of year $126,030
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $1,575,951
-
27 · Net assets without donor restrictions
beginning of year $107,896,233 · end of year $117,705,005
-
28 · Net assets with donor restrictions
beginning of year $20,936,816 · end of year $20,937,849
Mission and programs · 2023
Mission
AT THE SPEED ART MUSEUM, WE INVITE EVERYONE TO CELEBRATE ART FOREVER. WHETHER YOU'RE AN ART AFICIONADO OR DON'T KNOW A DALI FROM A DEGAS, YOU CAN FIND FRESH INSPIRATION AND MEANING AT THE SPEED ART MUSEUM. WITH MODERN ARCHITECTURE, EXPANDED PROGRAMMING, INTERACTIVE EXHIBITS AND INVITING OUTDOOR SPACES, THE SPEED OFFERS COUNTLESS OPPORTUNITIES FOR EVERYONE TO CREATE THEIR OWN CONNECTIONS AND EXPERIENCE ART AT THEIR OWN SPEED. AT THE SPEED, WE'RE WORKING TO MAKE THE MUSEUM A SAFE AND WELCOMING PLACE FOR EVERYONE IN OUR COMMUNITY.
-
CURATORIAL INITIATIVES INCLUDE ROTATING EXHIBITIONS, CARE FOR THE PERMANENT COLLECTION, AND SCHOLARLY PUBLICATIONS. THE CURATORIAL STAFF STEWARDS A COLLECTION OF 13,000 OBJECTS SPANNING 6,000 YEARS OF HUMAN HISTORY FROM ANCIENT TO CONTEMPORARY ARTWORKS. CURATORS PRODUCE AMBITIOUS EXHIBITIONS, BRINGING ARTWORK FROM AROUND THE WORLD TO THE LOUISVILLE COMMUNITY AND PROGRAM EVENTS TO ENHANCE EXHIBITION CONTENT.
Expenses $6,805,220 · Revenue $506,282
-
EDUCATION AND OUTREACH PROGRAMS FOSTER DYNAMIC, MULTI-SENSORIAL EXPERIENCES FOR VISITORS OF ALL AGES AND BACKGROUNDS. EDUCATION PROGRAMS FOR YOUTH AND FAMILIES PROVIDE OPPORTUNITIES FOR CHILDREN TO GROW UP WITH THE SPEED. OFFERINGS INCLUDE HANDS-ON WORKSHOPS, INTERACTIVE LESSONS, AND GUIDED TOURS OF THE COLLECTION. OUTREACH PROGRAMS ENGAGE UNDERSERVED POPULATIONS AND OFTEN PARTNER WITH BOTH ARTS AND NON-ARTS ORGANIZATIONS TO REACH ALL LEVELS OF THE COMMUNITY.
Expenses $4,221,418 · Revenue $38,274
-
GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION. THE SPEED ART MUSEUM UTILIZES SECURITY PERSONNEL AND TECHNOLOGY TO SECURE THE COLLECTION AS WELL AS THE MUSEUM STAFF AND VISITORS. STATE-OF-THE-ART TEMPERATURE AND HUMIDITY CONTROL SYSTEMS PROTECT THE COLLECTION FROM ENVIRONMENTAL DAMAGE.
Expenses $1,411,021 · Revenue $62,554
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alan KameiALAN KAMEI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Allan LattsALLAN LATTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Angela CurryANGELA CURRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ann GeorgeheadANN GEORGEHEAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ann WellsANN WELLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anna TatmanANNA TATMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brett HaleBRETT HALE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brookes PopeBROOKES POPE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bruce MerrickBRUCE MERRICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Campbell BrownCAMPBELL BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carol FarmerCAROL FARMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cathy Smith ShannonCATHY SMITH SHANNON
TRUSTEE (FROM 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Deana ParadisDEANA PARADIS
TRUSTEE, TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ernie TacogueERNIE TACOGUE
TRUSTEE (FROM 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Gill HollandGILL HOLLAND
TRUSTEE (FROM 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
J Tanner WatkinsJ TANNER WATKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim AllenJIM ALLEN
TRUSTEE (FROM 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
John CrockettJOHN CROCKETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kaveh ZamanianKAVEH ZAMANIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lopa MehrotraLOPA MEHROTRA
TRUSTEE, CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Martha SlaughterMARTHA SLAUGHTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ron MurphyRON MURPHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Seema ShethSEEMA SHETH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Spencer Harper IIISPENCER HARPER III
TRUSTEE (FROM 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Stacey WadeSTACEY WADE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan Dabney LavinSUSAN DABNEY LAVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tawanda ChitapaTAWANDA CHITAPA
TRUSTEE, SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Todd LoweTODD LOWE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tom O'GradyTOM O'GRADY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Catherine SurrattCATHERINE SURRATT
CHIEF OPERATING OFFICER (FROM 10/23)
- Total calculated
- $143,718
- From this org
- $141,789
- From related orgs
- $0
- Other
- $1,929
- Hours/week
- 40
-
Raphaela PlatowRAPHAELA PLATOW
EXECUTIVE DIRECTOR
- Total calculated
- $292,800
- From this org
- $278,900
- From related orgs
- $0
- Other
- $13,900
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $278,000
- Bonus
- $0
- Other
- $900
- Deferred
- $13,900
- Nontaxable benefits
- $0
- Filer's total
- $292,800
-
Stacy Gordon-FunkSTACY GORDON-FUNK
CHIEF OF PHILANTHROPY (FROM 10/23)
- Total calculated
- $158,788
- From this org
- $158,788
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,002
- Bonus
- $0
- Other
- $786
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $158,788
-
David DinkelDAVID DINKEL
DIRECTOR OF IT
- Total calculated
- $149,528
- From this org
- $144,808
- From related orgs
- $0
- Other
- $4,720
- Hours/week
- 40
-
Erika Holmquist-WallERIKA HOLMQUIST-WALL
CHIEF CURATOR
- Total calculated
- $147,600
- From this org
- $140,600
- From related orgs
- $0
- Other
- $7,000
- 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. 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 committee
- 3 · Independent compensation consultant
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522279349302597
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