Skip to content
Nonprofiteer
← RICHMOND ART MUSEUM INC

Form 990 for tax year 2024

Filed by RICHMOND ART MUSEUM INC.

Totals

Total revenue
$670,444
Total expenses
$506,234
Contributions and grants received
$244,929
Grants paid
$0
Program service revenue
$107,276
Investment income
$232,462
Other revenue
$85,777
Total assets, end of year
$2,747,380
Total liabilities, end of year
$5,249
Net assets or fund balances, end of year
$2,742,131
Program services expenses (Part IX)
$354,182
Management and general expenses
$109,021
Fundraising expenses
$43,031
Program service expenses (Part III)
$354,182

Program services were 70.0% 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

    $29,190

  • 1f · All other contributions, gifts and grants

    $215,739

  • 2a · Program service revenue: EXHIBITS

    total $85,942 · related or exempt $85,942

  • 2b · Program service revenue: ENTRY FEES

    total $11,410 · related or exempt $11,410

  • 2c · Program service revenue: CLASS FEES

    total $7,000 · related or exempt $7,000

  • 2d · Program service revenue: CATALOG AND BOOKS

    total $2,924 · related or exempt $2,924

  • 3 · Investment income

    total $35,349 · excluded $35,349

  • 7a · Gross sales of assets other than inventory

    securities $989,456

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

    securities $792,343

  • 7c · Gain or loss

    securities $197,113

  • 7d · Net gain or loss

    total $197,113 · excluded $197,113

  • 8a · Fundraising events: gross income

    $127,923

  • 8b · Fundraising events: direct expenses

    $49,429

  • 8c · Net income from fundraising events

    total $78,494 · excluded $78,494

  • 11a · Other revenue: MISCELLANEOUS

    total $7,283 · related or exempt $7,283

  • 11e · Other revenue, total

    $7,283

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $128,858 · program services $64,428 · management and general $32,215 · fundraising $32,215

  • 7 · Other salaries and wages

    total $92,155 · program services $60,937 · management and general $24,533 · fundraising $6,685

  • 9 · Other employee benefits

    total $17,680 · program services $13,259 · management and general $2,653 · fundraising $1,768

  • 10 · Payroll taxes

    total $14,571 · program services $8,448 · management and general $3,760 · fundraising $2,363

  • 11c · Fees: accounting

    total $6,255 · management and general $6,255

  • 11f · Fees: investment management

    total $12,159 · management and general $12,159

  • 12 · Advertising and promotion

    total $6,161 · program services $1,232 · management and general $4,929

  • 13 · Office expenses

    total $5,259 · program services $526 · management and general $4,733

  • 16 · Occupancy

    total $12,912 · program services $11,621 · management and general $1,291

  • 17 · Travel

    total $6,792 · management and general $6,792

  • 22 · Depreciation, depletion and amortization

    total $54,809 · program services $54,809

  • 23 · Insurance

    total $14,607 · program services $14,607

  • 24a · Other expenses: EXHIBITS AND PROGRAMS

    total $40,329 · program services $40,329

  • 24b · Other expenses: COLLECTION PURCHASES

    total $35,793 · program services $35,793

  • 24c · Other expenses: EXHIBIT ART SALES

    total $27,220 · program services $27,220

  • 24d · Other expenses: PRINTING

    total $6,950 · program services $2,780 · management and general $4,170

  • 24e · All other expenses

    total $23,724 · program services $18,193 · management and general $5,531

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,526 · end of year $205,121

  • 2 · Savings and temporary cash investments

    beginning of year $4,242 · end of year $0

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

    $1,870,565

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

    $563,575

  • 10c · Land, buildings and equipment, net

    beginning of year $1,349,473 · end of year $1,306,990

  • 12 · Investments: other securities

    beginning of year $1,183,127 · end of year $1,235,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,759 · end of year $5,249

  • 27 · Net assets without donor restrictions

    beginning of year $2,219,759 · end of year $2,279,969

  • 28 · Net assets with donor restrictions

    beginning of year $475,850 · end of year $462,162

Mission and programs · 2024

Mission

PROMOTE ART CULTURE/APPRECIATION

  • TO PROMOTE ART CULTURE & ENCOURAGE APPRECIATION OF ART AMONG CITIZENS THROUGHOUT THE COMMUNITY, ESPECIALLY YOUNG PEOPLE IN RICHMOND SCHOOLS BY PROVIDING FREE EXHIBITS OF ALL MEDIA OF ART IN THE GALLERIES OF MCGUIRE HALL. IN ADDITION TO EXHIBITS, THE MUSEUM OFFERS EDUCATIONAL CLASSES, LECTURES, WORKSHOPS, ETC. AND MAINTAINS A PERMANENT COLLECTION OF AMERICAN & FOREIGN ART WORK. APPROX. 12,609 INDIVIDUALS BENEFITED.

    Expenses $354,182 · Revenue $114,559

As filed on the 2024 return.

Listed in Part VII

  • Nicole Stults

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Tom Alberts

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Marilyn Martus

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Lewis

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Barry Johnston

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Robin Henry

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Anna Golden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cheri Jetmore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kevin McCurdy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Becky Dimick-Eastman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mary Ann Davis

    SPECIAL ADVISOR

    Total calculated
    $0
    Hours/week
    1
  • Marcia Foster

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Chris Evrard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ginger Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Annette Warfel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kathy Girten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kathy Khamis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Shaun Dingwerth

    EXECUTIVE DIRECTOR

    Total calculated
    $126,506
    From this org
    $91,731
    From related orgs
    $0
    Other
    $34,775
    Hours/week
    40
  • Suzanne Cox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jennifer North

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 March 2026
IRS schema version
2024v5.5
Source object
202610859349301406

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.