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Nonprofiteer
← KNOXVILLE MUSEUM OF ART FOUNDATION

Form 990 for tax year 2022

Filed by KNOXVILLE MUSEUM OF ART FOUNDATION.

Totals

Total revenue
$257,217
Total expenses
$282,295
Contributions and grants received
$1,000
Grants paid
$265,856
Program service revenue
$0
Investment income
$256,217
Other revenue
$0
Total assets, end of year
$6,621,849
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,621,849
Program services expenses (Part IX)
$265,856
Management and general expenses
$16,439
Fundraising expenses
$0
Program service expenses (Part III)
$265,856

Program services were 94.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,000

  • 3 · Investment income

    total $130,432 · excluded $130,432

  • 7a · Gross sales of assets other than inventory

    securities $279,459

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

    securities $153,674

  • 7c · Gain or loss

    securities $125,785

  • 7d · Net gain or loss

    total $125,785 · excluded $125,785

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $265,856 · program services $265,856

  • 11f · Fees: investment management

    total $15,587 · management and general $15,587

  • 11g · Fees: other

    total $852 · management and general $852

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $6,020,461 · end of year $6,621,849

  • 27 · Net assets without donor restrictions

    beginning of year $1,972,664 · end of year $2,574,052

  • 28 · Net assets with donor restrictions

    beginning of year $4,047,797 · end of year $4,047,797

Mission and programs · 2022

Mission

TO PROVIDE FINANCIAL SUPPORT FOR THE KNOXVILLE MUSEUM OF ART.

Activities or mission (Part I)

TO SUPPORT THE KNOXVILLE MUSEUM OF ART.

  • DISTRIBUTION TO KNOXVILLE MUSEUM OF ART

    Expenses $265,856 · Grants $265,856

As filed on the 2022 return.

Listed in Part VII

  • STEPHEN BAILEY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • ALLISON LEDERER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • RICHARD JANSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • L CAESAR STAIR IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ROBERT S MARQUIS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • KENNETH CREED

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • RUSS JOHNSTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JAY MCBRIDE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

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
24 January 2024
IRS schema version
2022v5.0
Source object
202410269349301226

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