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Nonprofiteer
← JOSLYN ART MUSEUM FOUNDATION

Form 990 for tax year 2022

Filed by JOSLYN ART MUSEUM FOUNDATION.

Totals

Total revenue
$4,715,360
Total expenses
$2,689,109
Contributions and grants received
$2,979,257
Grants paid
$2,438,618
Program service revenue
$0
Investment income
$1,736,103
Other revenue
$0
Total assets, end of year
$58,926,113
Total liabilities, end of year
$4,992,365
Net assets or fund balances, end of year
$53,933,748
Program services expenses (Part IX)
$2,658,441
Management and general expenses
$30,668
Fundraising expenses
$0
Program service expenses (Part III)
$2,658,441

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN P NELSON

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT D BATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ART N BURTSCHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACK BECKER

    EXECUTIVE DIRECTOR & CEO

    Total calculated
    $449,000
    From this org
    $0
    From related orgs
    $421,404
    Other
    $27,596
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,180 related
    Bonus
    $0 + $82,743 related
    Other
    $0 + $1,481 related
    Deferred
    $0 + $10,675 related
    Nontaxable benefits
    $0 + $16,921 related
    Filer's total
    $0 + $449,000 related

  • ELIZABETH A POWELL

    DIRECTOR OF FINANCE & OPERATIONS

    Total calculated
    $149,543
    From this org
    $0
    From related orgs
    $120,976
    Other
    $28,567
    Hours/week
    2 + 40 related

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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION PAID TO THE EXECUTIVE DIRECTOR & CEO AND THE DIRECTOR OF FINANCE & OPERATIONS IS REVIEWED AND APPROVED BY JOSLYN ART MUSEUM
FORM 990, PART VII, SECTION A, LINE 5:
JACK BECKER, JOSLYN ART MUSEUM EXECUTIVE DIRECTOR & CEO, IS ALSO THE EXECUTIVE DIRECTOR & CEO OF JOSLYN ART MUSEUM FOUNDATION. MR. BECKER'S SALARY IS PAID BY JOSLYN ART MUSEUM AND IS PARTIALLY REIMBURSED BY JOSLYN ART MUSEUM FOUNDATION. COMPENSATION FOR MR. BECKER IS PAID BY JOSLYN ART MUSEUM OF WHICH $203,984 WAS ALLOCATED TO THE JOSLYN ART MUSEUM FOUNDATION. ELIZABETH POWELL, JOSLYN ART MUSEUM DIRECTOR OF FINANCE & OPERATIONS, IS ALSO THE TOP FINANCIAL OFFICER FOR JOSLYN ART MUSEUM FOUNDATION. MS. POWELL'S SALARY IS PAID BY JOSLYN ART MUSEUM. ANNUAL COMPENSATION FOR MS. POWELL IS PAID BY JOSLYN ART MUSEUM OF WHICH NONE WAS ALLOCATED TO THE JOSLYN ART MUSEUM FOUNDATION.

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

  • JOSLYN ART MUSEUM

    $2,438,618

    ALL FUNDS ARE GRANTED TO ITS SUPPORTED 501(C)(3) ORGANIZATION, JOSLYN ART MUSEUM.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 October 2023
IRS schema version
2022v5.0
Source object
202332799349300318

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