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← Currier Gallery of Art

Form 990 for tax year 2022

Filed by Currier Gallery of Art.

Totals

Total revenue
$4,681,347
Total expenses
$10,412,965
Contributions and grants received
$2,430,613
Grants paid
$25,555
Program service revenue
$438,225
Investment income
$1,619,745
Other revenue
$192,764
Total assets, end of year
$93,174,730
Total liabilities, end of year
$783,336
Net assets or fund balances, end of year
$92,391,394
Program services expenses (Part IX)
$8,271,465
Management and general expenses
$1,125,561
Fundraising expenses
$1,015,939
Program service expenses (Part III)
$8,271,465

Program services were 79.4% 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

    $199,618

  • 1c · Fundraising events

    $198,819

  • 1e · Government grants (contributions)

    $1,137,730

  • 1f · All other contributions, gifts and grants

    $894,446

  • 1g · Noncash contributions included above

    $8,523

  • 2a · Program service revenue: Museum Admissions and Programs

    total $319,269 · related or exempt $319,269

  • 2b · Program service revenue: Art Education Tuition

    total $118,956 · related or exempt $118,956

  • 3 · Investment income

    total $775,347 · unrelated business $20,068 · excluded $755,279

  • 5 · Royalties

    total $1,582 · excluded $1,582

  • 6a · Gross rents

    personal property $65,865

  • 6b · Less rental expenses

    personal property $90,566

  • 6c · Rental income or loss

    personal property -$24,701

  • 6d · Net rental income or loss

    total -$24,701 · unrelated business -$24,701

  • 7a · Gross sales of assets other than inventory

    securities $18,186,804

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

    securities $17,342,406

  • 7c · Gain or loss

    securities $844,398

  • 7d · Net gain or loss

    total $844,398 · excluded $844,398

  • 8a · Fundraising events: gross income

    $120,865

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

    $198,819

  • 8b · Fundraising events: direct expenses

    $124,020

  • 8c · Net income from fundraising events

    total -$3,155 · excluded -$3,155

  • 9a · Gaming: gross income

    $9,000

  • 9b · Gaming: direct expenses

    $5,600

  • 9c · Net income from gaming

    total $3,400 · excluded $3,400

  • 10a · Gross sales of inventory

    $422,552

  • 10b · Cost of goods sold

    $206,914

  • 10c · Net income from sales of inventory

    total $215,638 · related or exempt $193,019 · unrelated business $22,619

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $25,555 · program services $25,555

  • 5 · Compensation of officers, directors and key employees

    total $564,687 · program services $247,637 · management and general $189,034 · fundraising $128,016

  • 7 · Other salaries and wages

    total $2,774,994 · program services $2,065,206 · management and general $186,065 · fundraising $523,723

  • 8 · Pension plan contributions

    total $29,567 · program services $20,757 · management and general $4,898 · fundraising $3,912

  • 9 · Other employee benefits

    total $154,408 · program services $98,647 · management and general $39,914 · fundraising $15,847

  • 10 · Payroll taxes

    total $239,080 · program services $168,805 · management and general $24,765 · fundraising $45,510

  • 11b · Fees: legal

    total $46,459 · management and general $46,459

  • 11c · Fees: accounting

    total $40,100 · management and general $40,100

  • 11e · Fees: professional fundraising services

    total $47,733 · fundraising $47,733

  • 11f · Fees: investment management

    total $211,476 · management and general $211,476

  • 11g · Fees: other

    total $64,960 · program services $51,657 · management and general $12,959 · fundraising $344

  • 12 · Advertising and promotion

    total $98,631 · management and general $98,631

  • 13 · Office expenses

    total $305,281 · program services $85,793 · management and general $123,585 · fundraising $95,903

  • 14 · Information technology

    total $136,174 · program services $87,903 · management and general $15,989 · fundraising $32,282

  • 16 · Occupancy

    total $492,704 · program services $440,886 · management and general $25,791 · fundraising $26,027

  • 17 · Travel

    total $33,623 · program services $31,825 · management and general $111 · fundraising $1,687

  • 19 · Conferences, conventions and meetings

    total $11,961 · management and general $6,276 · fundraising $5,685

  • 22 · Depreciation, depletion and amortization

    total $694,145 · program services $555,316 · management and general $69,414 · fundraising $69,415

  • 23 · Insurance

    total $79,883 · program services $50,577 · management and general $29,294 · fundraising $12

  • 24a · Other expenses: Art works purchased

    total $3,885,912 · program services $3,885,912

  • 24b · Other expenses: Exhibitions/collections

    total $286,649 · program services $286,599 · fundraising $50

  • 24c · Other expenses: Public programs

    total $172,354 · program services $154,486 · fundraising $17,868

  • 24d · Other expenses: Memberships

    total $16,629 · program services $13,904 · management and general $800 · fundraising $1,925

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $127,648 · end of year $407,984

  • 2 · Savings and temporary cash investments

    beginning of year $3,105,187 · end of year $1,446,384

  • 3 · Pledges and grants receivable

    beginning of year $51,004 · end of year $235,500

  • 4 · Accounts receivable

    beginning of year $99,712 · end of year $201

  • 8 · Inventories for sale or use

    beginning of year $105,615 · end of year $77,867

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,349 · end of year $138,306

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

    $32,491,247

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

    $17,808,501

  • 10c · Land, buildings and equipment, net

    beginning of year $14,237,548 · end of year $14,682,746

  • 11 · Investments: publicly traded securities

    beginning of year $35,613,951 · end of year $22,784,088

  • 12 · Investments: other securities

    beginning of year $38,919,702 · end of year $53,401,654

  • 17 · Accounts payable and accrued expenses

    beginning of year $239,013 · end of year $140,228

  • 19 · Deferred revenue

    beginning of year $333,945 · end of year $643,108

  • 27 · Net assets without donor restrictions

    beginning of year $16,573,175 · end of year $17,228,761

  • 28 · Net assets with donor restrictions

    beginning of year $75,198,583 · end of year $75,162,633

Mission and programs · 2022

Mission

Focused on Art, Centered in Community, Committed to Inspire.The Currier Museum of Art facilitates meaningful encounters with art through its collection, exhibits, programs, art classes, and artists-in-residence.

Activities or mission (Part I)

Focused on art, centered in community, committed to inspire.

  • Collection: The Currier Museum of Art collects, preserves, researches, and makes accessible significant works of art. The 14,000 objects in the collection, including two houses designed by Frank Lloyd Wright and a recently acquired historic 19th century home, form the basis of the museum's educational and social programs. The museum maintains state-of-the-art storage facilities and preserves objects under its care. It makes the collection fully accessible through the web, programs, publications, and social media.

    Expenses $5,492,321 · Revenue $333,655

  • Education and community programs. The museum creates innovative programs for a wide variety of audiences. Along with intensive online programming, these include school tours, guided visits, lectures, performances, and large-scale community events. Special programs serve the community, including families impacted by opioid abuse, Alzheimer's patients and their caregivers, military veterans, immigrants, cancer patients and their caregivers, and those affected by disabilities. Studio-based classes for children and adults are run live and online. The museum has an Artist in Residence program that supports international contemporary artists who work onsite and in our community at-large.

    Expenses $1,358,478 · Grants $25,555 · Revenue $153,340

  • Exhibitions. The museum normally presents six to seven special exhibitions each year. The museum created exhibitions from its permanent collection and in collaboration with New Hampshire artists to respond to issues of equity. A full range of educational and community programs are presented for each exhibition.

    Expenses $250,283 · Revenue $15,825

  • Ancillary services: In addition to the galleries, the museum facilities include classrooms, a 180-seat auditorium, a cafe, a shop, and other spaces.

    Expenses $1,170,383 · Revenue $128,424

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Botnik

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Micheal Costa

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Andy Crews

    Trustee (end 2/2023)

    Total calculated
    $0
    Hours/week
    1
  • Pamela Diamantis

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • M Christine Dwyer

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey D Gilbert

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Bonnie Greiner

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Pauline Ikawa

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • David Jensen

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Laurence Knowlton

    Trustee (start 12/2022)

    Total calculated
    $0
    Hours/week
    1
  • Benjamin Kelley

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Tracy Kozak

    Trustee (start 12/2022)

    Total calculated
    $0
    Hours/week
    1
  • Susan Lynch

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jessica McKeon

    Trustee (start 12/2022)

    Total calculated
    $0
    Hours/week
    1
  • Peter Milnes

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • John H Morison

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Anthony Poore

    Trustee (end 2/2023)

    Total calculated
    $0
    Hours/week
    1
  • William Stelling

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • William Upton

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Patricia Wentworth

    Trustee (start 4/2023)

    Total calculated
    $0
    Hours/week
    1
  • Stephen Duprey

    President

    Total calculated
    $0
    Hours/week
    3
  • Jay Surdukowski

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Thomas Silvia

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Alan Chong

    Director/CEO

    Total calculated
    $267,378
    From this org
    $238,042
    From related orgs
    $0
    Other
    $29,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,042
    Bonus
    $0
    Other
    $0
    Deferred
    $7,350
    Nontaxable benefits
    $21,986
    Filer's total
    $267,378
  • Karen Graham

    Deputy Director

    Total calculated
    $162,309
    From this org
    $145,518
    From related orgs
    $0
    Other
    $16,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,318
    Bonus
    $11,200
    Other
    $0
    Deferred
    $4,536
    Nontaxable benefits
    $12,255
    Filer's total
    $162,309
  • Charles Lippman

    Director of Finance

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    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 · Form 990 of other organizations
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
22 April 2024
IRS schema version
2022v5.0
Source object
202431179349302068

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