Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $25,996

• 1c · Fundraising events

  $506,649

• 1e · Government grants (contributions)

  $4,445,878

• 1f · All other contributions, gifts and grants

  $5,387,107

• 2a · Program service revenue: PROGRAM FEES

  total $360,240 · excluded $360,240

• 3 · Investment income

  total $441,216 · excluded $441,216

• 7a · Gross sales of assets other than inventory

  securities $975,623

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

  securities $958,737

• 7c · Gain or loss

  securities $16,886

• 7d · Net gain or loss

  total $16,886 · excluded $16,886

• 8a · Fundraising events: gross income

  $271,385

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

  $506,649

• 8b · Fundraising events: direct expenses

  $271,385

• 10a · Gross sales of inventory

  $844,710

• 10b · Cost of goods sold

  $764,489

• 10c · Net income from sales of inventory

  total $80,221 · excluded $80,221

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $218,365 · program services $98,264 · management and general $32,755 · fundraising $87,346

• 7 · Other salaries and wages

  total $2,662,723 · program services $2,035,488 · management and general $324,404 · fundraising $302,831

• 9 · Other employee benefits

  total $375,789 · program services $273,174 · management and general $74,153 · fundraising $28,462

• 10 · Payroll taxes

  total $210,111 · program services $156,913 · management and general $25,550 · fundraising $27,648

• 11b · Fees: legal

  total $4,400 · program services $4,400

• 11c · Fees: accounting

  total $151,350 · management and general $151,350

• 11f · Fees: investment management

  total $17,546 · management and general $17,546

• 11g · Fees: other

  total $158,875 · program services $39,699 · management and general $21,864 · fundraising $97,312

• 12 · Advertising and promotion

  total $78,329 · program services $2,337 · management and general $756 · fundraising $75,236

• 13 · Office expenses

  total $143,651 · program services $78,132 · management and general $46,876 · fundraising $18,643

• 14 · Information technology

  total $42,548 · program services $28,672 · management and general $13,337 · fundraising $539

• 16 · Occupancy

  total $289,889 · program services $266,010 · management and general $21,021 · fundraising $2,858

• 17 · Travel

  total $12,384 · program services $8,490 · management and general $3,640 · fundraising $254

• 19 · Conferences, conventions and meetings

  total $200,595 · program services $105,298 · management and general $72,100 · fundraising $23,197

• 20 · Interest

  total $16,619 · program services $13,845 · management and general $2,447 · fundraising $327

• 22 · Depreciation, depletion and amortization

  total $593,231 · program services $434,997 · management and general $149,183 · fundraising $9,051

• 23 · Insurance

  total $124,606 · program services $95,869 · management and general $25,681 · fundraising $3,056

• 24a · Other expenses: EXHIBITS/PROGRAMMING

  total $2,562,157 · program services $2,562,157

• 24b · Other expenses: OTHER EXPENSES

  total $99,603 · program services $56,338 · management and general $39,445 · fundraising $3,820

• 24c · Other expenses: STORE SUPPLIES

  total $18,067 · program services $18,067

• 24d · Other expenses: MUSEUM GROUP EXPENSES

  total $11,417 · management and general $11,417

• 24e · All other expenses

  total -$342,720 · program services -$346,420 · management and general $31 · fundraising $3,669

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,548,434 · end of year $570,776

• 2 · Savings and temporary cash investments

  end of year $4,266,113

• 3 · Pledges and grants receivable

  beginning of year $1,656,750 · end of year $3,489,495

• 8 · Inventories for sale or use

  beginning of year $286,600 · end of year $250,186

• 9 · Prepaid expenses and deferred charges

  beginning of year $512,914 · end of year $67,603

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

  $16,394,620

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

  $10,096,373

• 10c · Land, buildings and equipment, net

  beginning of year $5,217,462 · end of year $6,298,247

• 11 · Investments: publicly traded securities

  beginning of year $11,986,310 · end of year $10,190,610

• 17 · Accounts payable and accrued expenses

  beginning of year $515,719 · end of year $1,120,185

• 19 · Deferred revenue

  beginning of year $511,685 · end of year $21,804

• 23 · Secured mortgages and notes payable

  beginning of year $1,186,934 · end of year $183,334

• 25 · Other liabilities

  end of year $52,261

• 27 · Net assets without donor restrictions

  beginning of year $15,939,929 · end of year $17,156,009

• 28 · Net assets with donor restrictions

  beginning of year $3,054,203 · end of year $6,599,437

The filer's explanations (Part III)

SCHEDULE J, PART III

MS. ALMA VELASQUEZ, TRUSTEE, IS A VICE PRESIDENT - COMMUNITY AFFAIRS OF BMO HARRIS BANK N.A. BMO HARRIS BANK N.A. WAS THE MUSEUM'S PRIMARY DEPOSITORY AND LENDING INSTITUTION FROM MARCH 2015 - OCTOBER 2020. BMO HARRIS BANK N.A. REMAINS A SECONDARY DEPOSITORY INSTITUION POST OCTOBER 2020. MR. DOUGLAS DOETSCH, TRUSTEE, IS A PARTNER OF MAYER, BROWN LLP. MAYER, BROWN LLP PROVIDES PRO-BONO LEGAL SERVICES TO THE MUSEUM. MR. GERY CHICO, TRUSTEE, IS A PARTNER OF CHICO & NUNES, P.C. CHICO & NUNES P.C. PROVIDES PRO-BONO LEGAL SERVICES TO THE MUSEUM. MR. CARLOS CARDENAS, TRUSTEE, IS A GROUP SENIOR VICE PRESIDENT OF WINTRUST COMMERCIAL BANKING. WINTRUST BANK BECAME THE MUSEUM'S PRIMARY DEPOSITORY AND LENDING INSTITUTION IN OCTOBER 2020.

Disregarded entities

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

• RNC LLC RNC LLC

  RE ESTATE · IL

  Directly controlled by NMMA NATIONAL MUSEUM OF MEXICAN ART