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Nonprofiteer
← BOISE ART MUSEUM INCORPORATED

Form 990 for tax year 2022

Filed by BOISE ART MUSEUM INCORPORATED.

Totals

Total revenue
$1,776,534
Total expenses
$1,446,978
Contributions and grants received
$1,115,897
Grants paid
$0
Program service revenue
$143,873
Investment income
$62,684
Other revenue
$454,080
Total assets, end of year
$5,792,362
Total liabilities, end of year
$678,688
Net assets or fund balances, end of year
$5,113,674
Program services expenses (Part IX)
$1,010,595
Management and general expenses
$276,387
Fundraising expenses
$159,996
Program service expenses (Part III)
$1,010,595

Program services were 69.8% 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

    $134,012

  • 1c · Fundraising events

    $4,460

  • 1e · Government grants (contributions)

    $254,315

  • 1f · All other contributions, gifts and grants

    $723,110

  • 1g · Noncash contributions included above

    $2,580

  • 2a · Program service revenue: ADMISSIONS

    total $88,171 · related or exempt $88,171

  • 2b · Program service revenue: EXHIBITIONS

    total $25,902 · related or exempt $25,902

  • 2c · Program service revenue: EDUCATION

    total $17,188 · related or exempt $17,188

  • 2d · Program service revenue: COLLECTORS FORUM

    total $9,200 · related or exempt $9,200

  • 2e · Program service revenue: MUSEUM PROGRAM EVENTS

    total $3,412 · related or exempt $3,412

  • 3 · Investment income

    total $131,676 · excluded $131,676

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

    securities $68,992

  • 7c · Gain or loss

    securities -$68,992

  • 7d · Net gain or loss

    total -$68,992 · excluded -$68,992

  • 8a · Fundraising events: gross income

    $563,505

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

    $4,460

  • 8b · Fundraising events: direct expenses

    $177,015

  • 8c · Net income from fundraising events

    total $386,490 · excluded $386,490

  • 10a · Gross sales of inventory

    $142,341

  • 10b · Cost of goods sold

    $74,751

  • 10c · Net income from sales of inventory

    total $67,590 · related or exempt $67,590

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $210,203 · program services $152,809 · management and general $27,525 · fundraising $29,869

  • 7 · Other salaries and wages

    total $559,869 · program services $407,002 · management and general $73,312 · fundraising $79,555

  • 8 · Pension plan contributions

    total $16,122 · program services $11,720 · management and general $2,111 · fundraising $2,291

  • 9 · Other employee benefits

    total $50,118 · program services $36,433 · management and general $6,563 · fundraising $7,122

  • 10 · Payroll taxes

    total $58,787 · program services $42,736 · management and general $7,698 · fundraising $8,353

  • 11b · Fees: legal

    total $12,075 · program services $6,091 · management and general $5,786 · fundraising $198

  • 11c · Fees: accounting

    total $20,000 · program services $10,089 · management and general $9,583 · fundraising $328

  • 11f · Fees: investment management

    total $27,772 · management and general $27,772

  • 11g · Fees: other

    total $91,474 · program services $46,144 · management and general $43,828 · fundraising $1,502

  • 12 · Advertising and promotion

    total $20,033 · program services $16,185 · fundraising $3,848

  • 16 · Occupancy

    total $148,171 · program services $105,202 · management and general $29,634 · fundraising $13,335

  • 17 · Travel

    total $21,736 · program services $20,504 · management and general $1,073 · fundraising $159

  • 22 · Depreciation, depletion and amortization

    total $40,519 · program services $28,770 · management and general $8,102 · fundraising $3,647

  • 23 · Insurance

    total $21,305 · program services $11,532 · management and general $9,773

  • 24a · Other expenses: SUPPLIES AND MAINTENANC

    total $64,163 · program services $52,771 · management and general $6,431 · fundraising $4,961

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $26,834 · program services $19,052 · management and general $5,367 · fundraising $2,415

  • 24c · Other expenses: FREIGHT, POSTAGE, AND P

    total $22,844 · program services $13,601 · management and general $8,184 · fundraising $1,059

  • 24d · Other expenses: HONORARIA AND PROGRAM R

    total $22,650 · program services $19,850 · management and general $2,800

  • 24e · All other expenses

    total $12,303 · program services $10,104 · management and general $845 · fundraising $1,354

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $159,828 · end of year $146,438

  • 2 · Savings and temporary cash investments

    beginning of year $1,677,851 · end of year $1,975,687

  • 8 · Inventories for sale or use

    beginning of year $34,251 · end of year $29,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,534 · end of year $16,860

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

    $614,725

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

    $437,583

  • 10c · Land, buildings and equipment, net

    beginning of year $173,028 · end of year $177,142

  • 11 · Investments: publicly traded securities

    beginning of year $2,859,984 · end of year $2,988,205

  • 15 · Other assets

    beginning of year $0 · end of year $458,356

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,037 · end of year $36,870

  • 19 · Deferred revenue

    beginning of year $52,140 · end of year $164,212

  • 25 · Other liabilities

    beginning of year $0 · end of year $477,606

  • 27 · Net assets without donor restrictions

    beginning of year $3,477,529 · end of year $3,841,562

  • 28 · Net assets with donor restrictions

    beginning of year $1,353,770 · end of year $1,272,112

Mission and programs · 2022

Mission

TO CREATE VISUAL ARTS EXPERIENCES THAT ENGAGE PEOPLE AND INSPIRE LEARNING THROUGH EXCEPTIONAL EXHIBITIONS, COLLECTIONS, AND EDUCATIONAL OPPORTUNITIES.

Activities or mission (Part I)

TO CREATE VISUAL ARTS EXPERIENCES THAT ENGAGE PEOPLE AND INSPIRE LEARNING.

  • EXHIBITIONS - THE MUSEUM PRESENTS A RANGE OF ART EXHIBITIONS ANNUALLY, ADDRESSING A WIDE SPECTRUM OF ARTISTS, ARTISTIC MEDIA, TIME PERIODS AND STYLES, ALL OF WHICH REFLECT DIVERSITY AND EXCELLENCE IN THE VISUAL ARTS.

    Expenses $672,908 · Revenue $181,663

  • EDUCATION - THE MUSEUM'S EDUCATION PROGRAMS PROVIDE VISITORS WITH OPPORTUNITIES TO HAVE MEANINGFUL EXPERIENCES WITH ORIGINAL WORKS OF ART. LECTURES, TOURS, CLASSES, CAMPS, OUTREACH, CATALOGUES, INTERPRETIVE TEXT PANELS, AUDIO TOURS, HANDOUTS, IN-GALLERY MATERIALS, VIDEOS AND TEACHER EDUCATION ENHANCE EXHIBITIONS AND MEET THE LEARNING NEEDS OF PEOPLE OF ALL AGES AND ABILITIES.

    Expenses $303,401 · Revenue $17,188

  • ART COLLECTION - BOISE ART MUSEUM IS THE ONLY NATIONALLY ACCREDITED COLLECTING ART MUSEUM IN IDAHO THAT ACTIVELY COLLECTS AND CONSERVES VISUAL ART. THE MUSEUM HAS A GROWING COLLECTION OF MORE THAN 4,250 ART OBJECTS COMPRISED OF MODERN AND CONTEMPORARY AMERICAN ART INCLUDING ARTISTS FROM IDAHO AND THE NORTHWEST, AS WELL AS ASIAN AND AFRICAN ART.

    Expenses $34,286 · Revenue $12,612

As filed on the 2022 return.

Listed in Part VII

  • Cheryl Thompson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Chad Weltzin

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    10

  • Amy Rustad

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Cathy Silak

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Jim Brandstetter

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Melanie Fales

    EXECUTIVE DIRECTOR/CEO

    Total calculated
    $174,011
    From this org
    $161,107
    From related orgs
    $0
    Other
    $12,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,107
    Bonus
    $0
    Other
    $0
    Deferred
    $6,654
    Nontaxable benefits
    $6,250
    Filer's total
    $174,011

  • Ridgely Denning

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Tom Foerstel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Yvonne McCoy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Angela Baylis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Jeremiah Shinn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

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 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
15 November 2023
IRS schema version
2022v5.0
Source object
202303489349300630

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