Form 990 for tax year 2024
Filed by TAMPA MUSEUM OF ART FOUNDATION INC.
Totals
- Total revenue
- $29,678,047
- Total expenses
- $17,008,476
- Contributions and grants received
- $29,194,857
- Grants paid
- $16,734,993
- Program service revenue
- $0
- Investment income
- $483,190
- Other revenue
- $0
- Total assets, end of year
- $63,631,443
- Total liabilities, end of year
- $351,287
- Net assets or fund balances, end of year
- $63,280,156
- Program services expenses (Part IX)
- $16,734,993
- Management and general expenses
- $262,065
- Fundraising expenses
- $11,418
- Program service expenses (Part III)
- $16,734,993
Program services were 98.4% 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.
-
1e · Government grants (contributions)
$1,950,000
-
1f · All other contributions, gifts and grants
$27,244,857
-
3 · Investment income
total $668,409 · excluded $668,409
-
7a · Gross sales of assets other than inventory
securities $3,921,255
-
7b · Less cost or other basis and sales expenses
securities $4,106,474
-
7c · Gain or loss
securities -$185,219
-
7d · Net gain or loss
total -$185,219 · excluded -$185,219
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $16,734,993 · program services $16,734,993
-
11b · Fees: legal
total $6,004 · management and general $6,004
-
11f · Fees: investment management
total $50,945 · management and general $50,945
-
11g · Fees: other
total $179,558 · management and general $170,740 · fundraising $8,818
-
13 · Office expenses
total $7,371 · management and general $5,156 · fundraising $2,215
-
17 · Travel
total $10,740 · management and general $10,740
-
20 · Interest
total $6,772 · management and general $6,772
-
24a · Other expenses: MEMBER SERVICES
total $6,565 · management and general $6,205 · fundraising $360
-
24b · Other expenses: BANK FEES
total $5,108 · management and general $5,108
-
24c · Other expenses: LICENSES & FEES
total $420 · management and general $395 · fundraising $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $39,758 · end of year $57,743
-
3 · Pledges and grants receivable
beginning of year $14,348,307 · end of year $34,129,745
-
4 · Accounts receivable
beginning of year $1,012,459 · end of year $1,024,781
-
10a · Land, buildings and equipment: cost or other basis
$8,250,764
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $22,619,957 · end of year $8,250,764
-
11 · Investments: publicly traded securities
beginning of year $13,069,110 · end of year $19,854,501
-
12 · Investments: other securities
beginning of year $301,368 · end of year $313,909
-
17 · Accounts payable and accrued expenses
beginning of year $304,891 · end of year $351,287
-
23 · Secured mortgages and notes payable
beginning of year $1,357,883
-
27 · Net assets without donor restrictions
beginning of year $32,945,595 · end of year $21,716,128
-
28 · Net assets with donor restrictions
beginning of year $16,782,590 · end of year $41,564,028
Mission and programs · 2024
Mission
MAINTAIN AND RAISE FUNDS FOR THE BENEFIT OF THE TAMPA MUSEUM OF ART, INC.
-
THE TAMPA MUSEUM OF ART FOUNDATION (FOUNDATION) IS A SUPPORT 501C3 ORGANIZATION FOR THE TAMPA MUSEUM OF ART (TMA), A CULTURAL INSTITUTE THAT ADDS MEASURABLE VALUE TO PEOPLE'S LIVES. THE TMA IS A PLACE TO CELEBRATE ICONIC WORKS OF ART IN EXHIBITIONS FEATURING BREAKTHROUGHS IN ARTISTIC DIRECTIONS AND WE ARE A VENUE FOR COMMUNITY FORUMS AND DIALOGUES WITH INTERNATIONALLY RECOGNIZED ART AND SCHOLARS. THE TMA IS ALSO A REPOSITORY OF ART COLLECTIONS FOR CURRENT AND FUTURE GENERATIONS, AS WE PROVIDE STUDIO ART PROGRAMS, SCHOOL FIELD TRIPS FOR STUDENTS AND TOURS FOR ADULTS, AND OFFER OVER SIXTEEN DIFFERENT ART EDUCATION PROGRAMS AND WORKSHOPS FOCUSED ON ANCIENT, MODERN, AND CONTEMPORARY ART. CONTINUED ON SCHEDULE O.
Expenses $16,734,993 · Grants $16,734,993
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael A TomorMICHAEL A TOMOR
EXECUTIVE DIRECTOR
- Total calculated
- $407,579
- From this org
- $0
- From related orgs
- $313,273
- Other
- $94,306
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $276,570 related
- Bonus
- $0 + $20,818 related
- Other
- $0 + $15,885 related
- Deferred
- $0 + $94,306 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $407,579 related
-
Christine PhillipsCHRISTINE PHILLIPS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Ag Jerry DiversAG JERRY DIVERS
PAST PRESIDENT (DECEASED 5/17/24)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Maureen CohnMAUREEN COHN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Frank BonsackFRANK BONSACK
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Micah FogartyMICAH FOGARTY
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Teresa StinsonTERESA STINSON
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Tara Rao BildTARA RAO BILD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edward CarterEDWARD CARTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron ChristaldiRON CHRISTALDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Cornelia CorbettCORNELIA CORBETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen DickeySTEPHEN DICKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard DobkinRICHARD DOBKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julio EsquivelJULIO ESQUIVEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margo EureMARGO EURE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie FernandezJAMIE FERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Cathy GrantCATHY GRANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas HochhauslerTHOMAS HOCHHAUSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert IsbellROBERT ISBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dianne JacobDIANNE JACOB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Danyell MunassiDANYELL MUNASSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth PagesKENNETH PAGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John SimmonsJOHN SIMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara StubbsBARBARA STUBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gregg ThomasGREGG THOMAS
DIRECTOR
- 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. 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
None.
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
-
$809,199
TO SUPPORT THE TAMPA MUSEUM OF ART, INC.
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.
-
501(C)(3) · MUSEUM · FL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522889349302497
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