Totals
- Total revenue
- $21,826,442
- Total expenses
- $6,742,571
- Contributions and grants received
- $18,356,269
- Grants paid
- $0
- Program service revenue
- $694,495
- Investment income
- $2,615,707
- Other revenue
- $159,971
- Total assets, end of year
- $75,480,959
- Total liabilities, end of year
- $2,973,096
- Net assets or fund balances, end of year
- $72,507,863
- Program services expenses (Part IX)
- $4,342,808
- Management and general expenses
- $1,274,036
- Fundraising expenses
- $1,125,727
- Program service expenses (Part III)
- $4,342,808
Program services were 64.4% 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
$1,737,314
-
1c · Fundraising events
$550,250
-
1e · Government grants (contributions)
$156,000
-
1f · All other contributions, gifts and grants
$15,912,705
-
1g · Noncash contributions included above
$49,227
-
2a · Program service revenue: ART SCHOOL TUITION
total $408,508 · related or exempt $408,508
-
2b · Program service revenue: ADMISSIONS & FEES
total $232,040 · related or exempt $232,040
-
2c · Program service revenue: OTHER PROGRAM SERVICE
total $53,947 · related or exempt $53,947
-
3 · Investment income
total $1,409,562 · excluded $1,409,562
-
6a · Gross rents
real property $19,103
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $19,103
-
6d · Net rental income or loss
total $19,103 · excluded $19,103
-
7a · Gross sales of assets other than inventory
securities $10,343,499
-
7b · Less cost or other basis and sales expenses
securities $9,137,354
-
7c · Gain or loss
securities $1,206,145
-
7d · Net gain or loss
total $1,206,145 · excluded $1,206,145
-
8a · Fundraising events: gross income
$388,774
-
8a · Fundraising events: contributions included on line 1c
$550,250
-
8b · Fundraising events: direct expenses
$129,850
-
8c · Net income from fundraising events
total $258,924 · excluded $258,924
-
10a · Gross sales of inventory
$261,171
-
10b · Cost of goods sold
$227,182
-
10c · Net income from sales of inventory
total $33,989 · unrelated business $33,989
-
11a · Other revenue: CHANGE IN VALUE CRUT
total -$152,045 · excluded -$152,045
-
11e · Other revenue, total
-$152,045
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $441,629 · program services $112,800 · management and general $265,819 · fundraising $63,010
-
11b · Fees: legal
total $880 · management and general $880
-
11c · Fees: accounting
total $33,750 · management and general $33,750
-
11f · Fees: investment management
total $71,894 · management and general $71,894
-
11g · Fees: other
total $2,892,913 · program services $1,782,189 · management and general $372,920 · fundraising $737,804
-
12 · Advertising and promotion
total $150,523 · program services $124,713 · management and general $21,531 · fundraising $4,279
-
13 · Office expenses
total $643,606 · program services $386,547 · management and general $105,428 · fundraising $151,631
-
16 · Occupancy
total $962,539 · program services $671,605 · management and general $288,519 · fundraising $2,415
-
17 · Travel
total $56,651 · program services $44,062 · management and general $2,144 · fundraising $10,445
-
22 · Depreciation, depletion and amortization
total $700,794 · program services $634,541 · management and general $55,626 · fundraising $10,627
-
23 · Insurance
total $40,561 · program services $40,561
-
24a · Other expenses: ACQUISITION OF ART
total $391,000 · program services $391,000
-
24b · Other expenses: ENTERTAINMENT
total $117,869 · program services $2,031 · management and general $11,138 · fundraising $104,700
-
24c · Other expenses: HONORARIUM
total $77,202 · program services $68,202 · management and general $0 · fundraising $9,000
-
24d · Other expenses: MEALS
total $55,000 · program services $41,016 · management and general $3,938 · fundraising $10,046
-
24e · All other expenses
total $105,760 · program services $43,541 · management and general $40,449 · fundraising $21,770
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,680,873 · end of year $834,451
-
2 · Savings and temporary cash investments
beginning of year $484,898 · end of year $4,260,019
-
3 · Pledges and grants receivable
beginning of year $118,396 · end of year $19,342
-
8 · Inventories for sale or use
beginning of year $52,534 · end of year $51,751
-
9 · Prepaid expenses and deferred charges
beginning of year $333,536 · end of year $374,704
-
10a · Land, buildings and equipment: cost or other basis
$24,482,394
-
10b · Land, buildings and equipment: accumulated depreciation
$10,504,624
-
10c · Land, buildings and equipment, net
beginning of year $11,542,074 · end of year $13,977,770
-
11 · Investments: publicly traded securities
beginning of year $34,912,291 · end of year $36,362,147
-
15 · Other assets
beginning of year $6,961,622 · end of year $19,600,775
-
17 · Accounts payable and accrued expenses
beginning of year $361,520 · end of year $1,808,528
-
19 · Deferred revenue
beginning of year $902,863 · end of year $1,164,568
-
27 · Net assets without donor restrictions
beginning of year $18,985,325 · end of year $22,371,680
-
28 · Net assets with donor restrictions
beginning of year $36,836,516 · end of year $50,136,183
Mission and programs · 2022
Mission
THE VERO BEACH MUSEUM OF ART PROVIDES CULTURAL LEADERSHIP AND ENRICHMENT FOR THE PUBLIC THROUGH A WIDE VARIETY OF EDUCATIONAL, STUDIO ART AND HUMANITIES PROGRAMS; A DIVERSITY OF QUALITY EXHIBITIONS; AND THE COLLECTION, PRESERVATION AND PRESENTATION OF IMPORTANT AMERICAN AND INTERNATIONAL WORKS OF ART.
-
EXHIBITIONS & COLLECTIONS - THE MUSEUM PROVIDES CULTURAL ENRICHMENT FOR THE PUBLIC THROUGH TEMPORARY ART EXHIBITIONS, EXPLORATION IN THE HUMANITIES, PROFESSIONAL STUDIO AND CLASSROOM INSTRUCTION FOR ALL AGES, AND A PERMANENT ART COLLECTION. NEW PROGRAMS, SUPPORTED BY MARKETING STRATEGIES TO REACH NEW AUDIENCES ARE CREATED TO ENCOURAGE INCREASED PARTICIPATION. EXHIBITIONS PRESENTED DURING 2023-2023 INCLUDED: ROLLING SCULPTURE: STREAMLINED ART DECO AUTOMOBILES & MOTORCYCLES(ATTENDANCE 39,968); CHANGING NATURE: A NEW VISION, PHOTOGRAPHY BY JAMES BALOG(ATTENDANCE 5,774); SIMPLE PLEASURES: THE ART OF DORIS LEE (ATTENDANCE 5,662); MASTERS IN BLACK & WHITE: PHOTOGRAPHY FROM THE ELIZABETH STEWART COLLECTIONS (ATTENDANCE 4,208); PICASSO, MATISSE & FRIENDS: DRAWINGS FROM A PRIVATE COLLECTION (ATTENDANCE 5,598); BECKWITH SCULPTURE PARK SELECTIONS FROM THE PERMANENT COLLECTION SCULPTURES (ATTENDANCE 9,514)
Expenses $2,911,503 · Revenue $285,987
-
EDUCATION - THE MUSEUM OFFERS VARIOUS EDUCATIONAL ACTIVITIES AND EVENTS TO THE GENERAL PUBLIC, INCLUDING ART CLASSES, FILM APPRECIATION CLASSES, LECTURES AND SEMINARS, PROGRAMS, WORKSHOPS, AND REFERENCE LIBRARY. DURING THE YEAR SEVERAL CLASSES AND WORKSHOPS WERE HELD, AS WELL AS A SUMMER ART CAMP, WITH TOTAL ENROLLMENT/ATTENDANCE OF 1,901. IN ADDITION, LECTURES, SEMINARS, OPERA STUDIES, AND FILM SERIES WERE HELD, WITH TOTAL ATTENDANCE OF 5,351. DURING THE YEAR VARIOUS SCHOOL PROGRAMS, ADULT PUBLIC PROGRAMS, AND COMMUNITY PARTNERSHIP OUTREACH PROGRAMS WERE HELD WITH A TOTAL ATTENDANCE OF 3,134 PARTICIPANTS. VARIOUS YOUTH AND FAMILY PROGRAMS WERE HELD WHICH INCLUDED HOLIDAY @ MUSEUM, CHILDREN'S ART FEST, KIDZ ARTSHOPS, AND TOURS WITH TOTAL ATTENDANCE OF 6,073.
Expenses $1,431,305 · Revenue $408,508
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Emily SherwoodEMILY SHERWOOD
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
James C PenroseJAMES C PENROSE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Robert E Drury JrROBERT E DRURY JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Harvey J Struthers JrHARVEY J STRUTHERS JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Vicki AspburyVICKI ASPBURY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
A Charles BaillieA CHARLES BAILLIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leslie BergstromLESLIE BERGSTROM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary M BrostGARY M BROST
FACILITIES CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Katharine DesaiKATHARINE DESAI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Molly Butler HartMOLLY BUTLER HART
ENDOWMENT TRUST BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael HobenMICHAEL HOBEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
G Constance McGlynnG CONSTANCE MCGLYNN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andrew W NickleANDREW W NICKLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas L Piper IIITHOMAS L PIPER III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matilde SorensenMATILDE SORENSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracy A SorzanoTRACY A SORZANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charlotte StifelCHARLOTTE STIFEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Georgia E WellesGEORGIA E WELLES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Russell Brewer IIRUSSELL BREWER II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nell KleinschmidtNELL KLEINSCHMIDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth MacMillanELIZABETH MACMILLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joyce MossJOYCE MOSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brady RobertsBRADY ROBERTS
EXECUTIVE DIRECTOR
- Total calculated
- $302,416
- From this org
- $287,500
- From related orgs
- $0
- Other
- $14,916
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $287,500
- Bonus
- $0
- Other
- $0
- Deferred
- $9,000
- Nontaxable benefits
- $5,916
- Filer's total
- $302,416
-
Caridad WeberCARIDAD WEBER
FINANCE MANAGER
- Total calculated
- $116,042
- From this org
- $105,942
- From related orgs
- $0
- Other
- $10,100
- Hours/week
- 40
-
Robyn OrzelROBYN ORZEL
DIRECTOR OF DEVELOPMENT
- Total calculated
- $170,341
- From this org
- $148,350
- From related orgs
- $0
- Other
- $21,991
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,350
- Bonus
- $0
- Other
- $0
- Deferred
- $4,451
- Nontaxable benefits
- $17,540
- Filer's total
- $170,341
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
- 1a · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401299349301115
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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