Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $256,505

• 1e · Government grants (contributions)

  $476,798

• 1f · All other contributions, gifts and grants

  $794,474

• 2a · Program service revenue: BEVERAGE SERVICE INCOME

  total $58,456 · related or exempt $58,456

• 2b · Program service revenue: CONTRACT LABOR INCOME

  total $54,093 · related or exempt $54,093

• 2c · Program service revenue: PROGRAM FEES

  total $7,998 · related or exempt $7,998

• 2d · Program service revenue: CATERING INCOME

  total $5,277 · related or exempt $5,277

• 2e · Program service revenue: OPENING DINNERS

  total $780 · related or exempt $780

• 2f · All other program service revenue

  total $100 · related or exempt $100

• 3 · Investment income

  total $308,795 · excluded $308,795

• 6a · Gross rents

  real property $194,940

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $194,940

• 6d · Net rental income or loss

  total $194,940 · excluded $194,940

• 7a · Gross sales of assets other than inventory

  securities $1,519,047

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

  securities $1,548,690

• 7c · Gain or loss

  securities -$29,643

• 7d · Net gain or loss

  total -$29,643 · excluded -$29,643

• 8a · Fundraising events: gross income

  $2,485

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $2,485 · excluded $2,485

• 10a · Gross sales of inventory

  $59,020

• 10b · Cost of goods sold

  $30,859

• 10c · Net income from sales of inventory

  total $28,161 · related or exempt $28,161

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $48,148 · related or exempt $48,148

• 11e · Other revenue, total

  $48,148

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $99,276 · program services $26,988 · management and general $57,830 · fundraising $14,458

• 7 · Other salaries and wages

  total $410,304 · program services $111,572 · management and general $238,533 · fundraising $60,199

• 8 · Pension plan contributions

  total $7,793 · program services $7,793

• 9 · Other employee benefits

  total $14,595 · management and general $14,595

• 10 · Payroll taxes

  total $43,380 · program services $3,769 · management and general $31,658 · fundraising $7,953

• 11a · Fees: management

  total $60,964 · management and general $60,964

• 11c · Fees: accounting

  total $2,091 · program services $2,091

• 12 · Advertising and promotion

  total $53,150 · management and general $53,150

• 13 · Office expenses

  total $7,573 · program services $1,526 · management and general $6,047

• 16 · Occupancy

  total $105,567 · program services $2,500 · management and general $103,067

• 17 · Travel

  total $46,896 · program services $33,841 · management and general $13,055

• 22 · Depreciation, depletion and amortization

  total $5,230 · program services $3,644 · management and general $1,586

• 23 · Insurance

  total $99,529 · program services $75 · management and general $99,454

• 24a · Other expenses: FEES FOR SPECIAL SERVIC

  total $268,938 · program services $172,979 · management and general $95,959

• 24b · Other expenses: CONTRACT LABOR

  total $60,078 · program services $40,809 · management and general $19,269

• 24c · Other expenses: CATERING AND BEVERAGE

  total $48,117 · program services $8,048 · management and general $40,069

• 24d · Other expenses: MISCELLANEOUS EXPENSE

  total $31,592 · program services $598 · management and general $30,994

• 24e · All other expenses

  total $89,304 · program services $62,456 · management and general $26,848

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,148,964 · end of year $1,130,097

• 2 · Savings and temporary cash investments

  beginning of year $3,339,691 · end of year $3,801,011

• 3 · Pledges and grants receivable

  beginning of year $3,500 · end of year $0

• 4 · Accounts receivable

  beginning of year $73,918 · end of year $541,281

• 8 · Inventories for sale or use

  beginning of year $2,361 · end of year $5,538

• 9 · Prepaid expenses and deferred charges

  beginning of year $57,450 · end of year $35,537

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

  $206,463

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

  $166,888

• 10c · Land, buildings and equipment, net

  beginning of year $44,805 · end of year $39,575

• 11 · Investments: publicly traded securities

  beginning of year $7,575,040 · end of year $8,810,657

• 15 · Other assets

  beginning of year $501,626 · end of year $501,775

• 17 · Accounts payable and accrued expenses

  beginning of year $78,101 · end of year $53,994

• 19 · Deferred revenue

  beginning of year $217,798 · end of year $460,398

• 27 · Net assets without donor restrictions

  beginning of year $7,195,332 · end of year $7,796,623

• 28 · Net assets with donor restrictions

  beginning of year $5,256,124 · end of year $6,554,456

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5

THE CITY OF MONTGOMERY COMPENSATED ANGIE DODSON, MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION EXECUTIVE DIRECTOR, $104,227.