Totals
- Total revenue
- $5,005,729
- Total expenses
- $7,913,741
- Contributions and grants received
- $4,233,059
- Grants paid
- $0
- Program service revenue
- $388,142
- Investment income
- $8,907
- Other revenue
- $375,621
- Total assets, end of year
- $61,955,134
- Total liabilities, end of year
- $1,087,358
- Net assets or fund balances, end of year
- $60,867,776
- Program services expenses (Part IX)
- $4,347,655
- Management and general expenses
- $2,972,066
- Fundraising expenses
- $594,020
- Program service expenses (Part III)
- $4,347,655
Program services were 54.9% 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
$280,685
-
1d · Related organizations
$1,679,200
-
1f · All other contributions, gifts and grants
$2,273,174
-
1g · Noncash contributions included above
$319,917
-
2a · Program service revenue: MEMBERSHIP FEES
total $158,894 · related or exempt $158,894
-
2b · Program service revenue: ADMISSIONS
total $155,557 · related or exempt $155,557
-
2c · Program service revenue: PROGRAM FEES
total $73,121 · related or exempt $73,121
-
2d · Program service revenue: LECTURE SERIES
total $570 · related or exempt $570
-
3 · Investment income
total $5,023 · excluded $5,023
-
6a · Gross rents
real property $229,166
-
6b · Less rental expenses
real property $87,234
-
6c · Rental income or loss
real property $141,932
-
6d · Net rental income or loss
total $141,932 · excluded $141,932
-
7a · Gross sales of assets other than inventory
securities $306,219
-
7b · Less cost or other basis and sales expenses
securities $302,335
-
7c · Gain or loss
securities $3,884
-
7d · Net gain or loss
total $3,884 · excluded $3,884
-
8a · Fundraising events: gross income
$69,116
-
8a · Fundraising events: contributions included on line 1c
$280,685
-
8b · Fundraising events: direct expenses
$173,621
-
8c · Net income from fundraising events
total -$104,505 · excluded -$104,505
-
10a · Gross sales of inventory
$291,896
-
10b · Cost of goods sold
$49,021
-
10c · Net income from sales of inventory
total $242,875 · related or exempt $242,875
-
11a · Other revenue: CATERING COMMISSIONS
total $61,772 · excluded $61,772
-
11b · Other revenue: PROCEEDS FROM SALES OF ART
total $33,525 · excluded $33,525
-
11c · Other revenue: MISCELLANEOUS
total $22 · excluded $22
-
11e · Other revenue, total
$95,319
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $49,747 · program services $49,747
-
5 · Compensation of officers, directors and key employees
total $282,478 · program services $114,199 · management and general $124,849 · fundraising $43,430
-
7 · Other salaries and wages
total $1,977,010 · program services $813,901 · management and general $856,637 · fundraising $306,472
-
8 · Pension plan contributions
total $29,514 · program services $19,219 · management and general $2,004 · fundraising $8,291
-
9 · Other employee benefits
total $136,730 · program services $50,630 · management and general $65,112 · fundraising $20,988
-
10 · Payroll taxes
total $160,981 · program services $66,239 · management and general $69,795 · fundraising $24,947
-
11c · Fees: accounting
total $22,060 · management and general $22,060
-
11e · Fees: professional fundraising services
total $71,020 · fundraising $71,020
-
11g · Fees: other
total $780,384 · program services $210,764 · management and general $567,255 · fundraising $2,365
-
12 · Advertising and promotion
total $153,502 · program services $74,721 · management and general $78,781
-
13 · Office expenses
total $109,326 · program services $70,173 · management and general $12,708 · fundraising $26,445
-
14 · Information technology
total $49,645 · program services $20,404 · management and general $21,447 · fundraising $7,794
-
16 · Occupancy
total $810,269 · program services $550,814 · management and general $237,379 · fundraising $22,076
-
17 · Travel
total $41,613 · program services $32,605 · management and general $8,058 · fundraising $950
-
19 · Conferences, conventions and meetings
total $9,036 · program services $3,299 · management and general $5,487 · fundraising $250
-
20 · Interest
total $77,973 · management and general $77,973
-
22 · Depreciation, depletion and amortization
total $2,398,716 · program services $1,667,086 · management and general $684,110 · fundraising $47,520
-
23 · Insurance
total $118,074 · program services $83,039 · management and general $33,699 · fundraising $1,336
-
24a · Other expenses: FEES
total $245,141 · program services $208,530 · management and general $36,117 · fundraising $494
-
24b · Other expenses: COLLECTION PURCHASES
total $168,045 · program services $168,045
-
24c · Other expenses: SUPPLIES
total $74,527 · program services $54,460 · management and general $15,575 · fundraising $4,492
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $43,909 · program services $13,183 · management and general $27,180 · fundraising $3,546
-
24e · All other expenses
total $104,041 · program services $76,597 · management and general $25,840 · fundraising $1,604
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,287,660 · end of year $497,431
-
2 · Savings and temporary cash investments
end of year $454,085
-
3 · Pledges and grants receivable
beginning of year $4,717,824 · end of year $3,503,398
-
4 · Accounts receivable
beginning of year $31,476 · end of year $212
-
8 · Inventories for sale or use
beginning of year $21,710 · end of year $27,801
-
9 · Prepaid expenses and deferred charges
beginning of year $182,486 · end of year $275,638
-
10a · Land, buildings and equipment: cost or other basis
$92,052,762
-
10b · Land, buildings and equipment: accumulated depreciation
$35,001,546
-
10c · Land, buildings and equipment, net
beginning of year $59,080,697 · end of year $57,051,216
-
12 · Investments: other securities
beginning of year $87,547 · end of year $102,909
-
15 · Other assets
beginning of year $42,444 · end of year $42,444
-
17 · Accounts payable and accrued expenses
beginning of year $532,814 · end of year $422,846
-
24 · Unsecured notes and loans payable
beginning of year $1,000,000 · end of year $500,000
-
25 · Other liabilities
beginning of year $158,604 · end of year $164,512
-
27 · Net assets without donor restrictions
beginning of year $58,768,071 · end of year $56,759,708
-
28 · Net assets with donor restrictions
beginning of year $4,992,355 · end of year $4,108,068
Mission and programs · 2023
Mission
CONNECTING PEOPLE THROUGH ART, CREATIVITY, AND DESIGN.
-
BORDER CANTOS / SONIC BORDER (2/3/2024 - 4/28/2024) - SEE DESCRIPTION IN SCHEDULE O.
Expenses $108,681 · Revenue $78,328
-
UNDERNEATH EVERYTHING: HUMILITY AND GRANDUER IN CONTEMPORARY CERAMICS (10/7/2023 - 1/14/2024) - SEE DESCRIPTION IN SCHEDULE O.
Expenses $145,223 · Revenue $32,500
-
THE OUTWIN: AMERICAN PORTRAITURE TODAY ((6/1/2024 - 9/8/2024)) - SEE DESCRIPTION IN SCHEDULE O.
Expenses $123,015 · Revenue $1,000
-
OTHER EXPENSES RELATED TO THE CARE AND CONSERVATION OF THE PERMANENT COLLECTION AND THE EXHIBITIONS SHOWN DURING THIS YEAR AND EXPENSES RELATED TO PREPARATION OF EXHIBITIONS SCHEDULED FOR THE FISCAL YEAR. THIS INCLUDES CURATORIAL, CATALOGING AND RESEARCH, AS WELL AS THE PURCHASE OF ART FOR THE PERMANENT COLLECTION.
Expenses $3,970,736 · Revenue $276,314
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CINDY MEYERS FOLEY
DIRECTOR AND
- Total calculated
- $169,531
- From this org
- $141,100
- From related orgs
- $0
- Other
- $28,431
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $141,100
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $28,431
- Filer's total
- $169,531
-
ERIN GRAVELYN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
LIZBETH O'SHAUGHNESSY
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 3
-
JIM OVERBECK
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SCOTT BRANC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAT BREWER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JUDY TYNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MEG GOEBEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFFERY GURNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
INDIA MANNS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JANE BOYLES MEILNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHANIE NAITO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALFIELD REEVES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER ROSMARIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAROL SAROSIK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMES SCHIPPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALEXANDER THIBODEAU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MITCHELL WATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHELLY BARNETTE-DAWSON
DEP DIR FOR
- Total calculated
- $137,587
- From this org
- $106,939
- From related orgs
- $0
- Other
- $30,648
- 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 · Written employment contract
- 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.
-
GRAND RAPIDS ART MUSEUM FOUNDATION
501C3 · SUPPORT · controlled entity
Directly controlled by GRAM GRAND RAPIDS ART MUSEUM
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202512259349302081
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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