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Nonprofiteer
← NEVADA MUSEUM OF ART INC

Form 990 for tax year 2022

Filed by NEVADA MUSEUM OF ART INC.

Totals

Total revenue
$13,983,234
Total expenses
$8,357,919
Contributions and grants received
$11,721,901
Grants paid
$0
Program service revenue
$1,302,983
Investment income
$463,765
Other revenue
$494,585
Total assets, end of year
$70,321,781
Total liabilities, end of year
$2,180,949
Net assets or fund balances, end of year
$68,140,832
Program services expenses (Part IX)
$5,900,285
Management and general expenses
$1,030,337
Fundraising expenses
$1,427,297
Program service expenses (Part III)
$5,900,285

Program services were 70.6% 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.

  • 1e · Government grants (contributions)

    $31,128

  • 1f · All other contributions, gifts and grants

    $11,690,773

  • 1g · Noncash contributions included above

    $98,369

  • 2a · Program service revenue: Membership Dues

    total $730,918 · related or exempt $730,918

  • 2b · Program service revenue: Museum School

    total $278,489 · related or exempt $278,489

  • 2c · Program service revenue: Admissions

    total $196,594 · related or exempt $196,594

  • 2d · Program service revenue: Exhibition Use Fees

    total $7,500 · related or exempt $7,500

  • 2f · All other program service revenue

    total $89,482 · related or exempt $89,482

  • 3 · Investment income

    total $263,265 · excluded $263,265

  • 6a · Gross rents

    real property $413,331

  • 6b · Less rental expenses

    real property $89,956

  • 6c · Rental income or loss

    real property $323,375

  • 6d · Net rental income or loss

    total $323,375 · excluded $323,375

  • 7a · Gross sales of assets other than inventory

    securities $219,041 · other assets $12,000

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

    securities $0 · other assets $30,541

  • 7c · Gain or loss

    securities $219,041 · other assets -$18,541

  • 7d · Net gain or loss

    total $200,500 · excluded $200,500

  • 10a · Gross sales of inventory

    $298,776

  • 10b · Cost of goods sold

    $160,236

  • 10c · Net income from sales of inventory

    total $138,540 · related or exempt $138,540

  • 11a · Other revenue: Deaccessioning Income

    total $32,670 · related or exempt $32,670

  • 11e · Other revenue, total

    $32,670

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,005,369 · program services $273,631 · management and general $359,267 · fundraising $372,471

  • 7 · Other salaries and wages

    total $2,780,777 · program services $2,258,363 · management and general $43,158 · fundraising $479,256

  • 8 · Pension plan contributions

    total $44,123 · program services $44,123

  • 9 · Other employee benefits

    total $209,076 · program services $170,639 · management and general $1,509 · fundraising $36,928

  • 10 · Payroll taxes

    total $266,805 · program services $181,428 · management and general $26,680 · fundraising $58,697

  • 11f · Fees: investment management

    total $59,657 · management and general $59,657

  • 11g · Fees: other

    total $875,635 · program services $586,713 · management and general $239,097 · fundraising $49,825

  • 12 · Advertising and promotion

    total $233,181 · program services $230,921 · management and general $260 · fundraising $2,000

  • 13 · Office expenses

    total $424,622 · program services $261,407 · management and general $20,628 · fundraising $142,587

  • 14 · Information technology

    total $119,444 · program services $42,490 · management and general $59,702 · fundraising $17,252

  • 15 · Royalties

    total $192,583 · program services $192,583

  • 16 · Occupancy

    total $613,001 · program services $435,418 · management and general $112,551 · fundraising $65,032

  • 17 · Travel

    total $100,680 · program services $86,932 · management and general $6,847 · fundraising $6,901

  • 22 · Depreciation, depletion and amortization

    total $676,316 · program services $569,501 · management and general $59,922 · fundraising $46,893

  • 23 · Insurance

    total $122,031 · program services $115,702 · management and general $5,274 · fundraising $1,055

  • 24a · Other expenses: Acquisition of Art

    total $182,934 · program services $182,934

  • 24b · Other expenses: Exhibition Fees and Ins

    total $178,966 · program services $177,581 · management and general $914 · fundraising $471

  • 24c · Other expenses: Food, Beverage, and Dec

    total $133,370 · program services $38,440 · management and general $25,194 · fundraising $69,736

  • 24d · Other expenses: Receptions and Donor Re

    total $70,374 · program services $22,801 · management and general $352 · fundraising $47,221

  • 24e · All other expenses

    total $68,975 · program services $28,678 · management and general $9,325 · fundraising $30,972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $946,710 · end of year $155,530

  • 2 · Savings and temporary cash investments

    beginning of year $7,588,761 · end of year $10,042,281

  • 3 · Pledges and grants receivable

    beginning of year $23,566,036 · end of year $18,168,640

  • 4 · Accounts receivable

    beginning of year $35,703 · end of year $8,750

  • 8 · Inventories for sale or use

    beginning of year $240,843 · end of year $292,459

  • 9 · Prepaid expenses and deferred charges

    beginning of year $337,296 · end of year $187,202

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

    $33,127,733

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

    $9,356,620

  • 10c · Land, buildings and equipment, net

    beginning of year $17,805,368 · end of year $23,771,113

  • 11 · Investments: publicly traded securities

    beginning of year $14,603,311 · end of year $16,947,818

  • 12 · Investments: other securities

    beginning of year $747,056 · end of year $706,499

  • 15 · Other assets

    beginning of year $0 · end of year $41,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $498,311 · end of year $1,847,306

  • 19 · Deferred revenue

    beginning of year $266,637 · end of year $293,340

  • 23 · Secured mortgages and notes payable

    beginning of year $8,269 · end of year $17,653

  • 25 · Other liabilities

    beginning of year $0 · end of year $22,650

  • 27 · Net assets without donor restrictions

    beginning of year $24,720,633 · end of year $24,848,319

  • 28 · Net assets with donor restrictions

    beginning of year $40,377,234 · end of year $43,292,513

Mission and programs · 2022

Mission

The Nevada Museum of Art provides a forum for the presentation of creative ideas. It aspires to serve as a cultural resource for every member of the community.

Activities or mission (Part I)

To serve as a cultural and educational resource for every member of the community

  • The Nevada Museum of Art, Inc. (the "Museum") is a not-for-profit organization housed in a contemporary building in Reno, Nevada designed by renowned architect Will Bruder. Founded in 1931, the Museum is one of the oldest cultural institutions in Nevada and is the only museum in the state accredited by the American Alliance of Museums. The Museum presents a wide variety of visual arts exhibitions, educational programs and studio classes, films, and special events. The permanent collection of the Museum is divided into four focus areas and consists of more than 2,000 works of art organized around general themes of land and environment. Many of the Museum's exhibitions and programs are developed as content for the Center for Art + Environment, which aims to support the practice, study, and awareness of creative interactions between people and their environment.

    Expenses $5,900,285 · Revenue $1,474,193

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Walker

    CEO/Executive Director

    Total calculated
    $465,589
    From this org
    $391,271
    From related orgs
    $0
    Other
    $74,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $391,271
    Bonus
    $0
    Other
    $0
    Deferred
    $49,289
    Nontaxable benefits
    $25,029
    Filer's total
    $465,589
  • Doug Brewer

    Chair

    Total calculated
    $0
    Hours/week
    2
  • Thomas Monroe

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Charlotte McConnell

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Barbara Danz

    Chairman Elect

    Total calculated
    $0
    Hours/week
    2
  • Alan Maiss

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Alfred Giuffrida

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Anne Brockinton Lee

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Barbara Danz

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Barry Skolnick

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Carole Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Charlotte McConnell

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • David Collins

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Debbie Day

    Trustee (Jan-Jun)

    Total calculated
    $0
    Hours/week
    1
  • Donald A Bernard

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Doug Brewer

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Garrett Sutton

    Trustee (Jan-Jul)

    Total calculated
    $0
    Hours/week
    1
  • George Ogilvie

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Henry Thumann

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jackie Kane

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Laity

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jeremy Higginbotham

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Julie Teel

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kathie Bartlett

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kaya Stanley

    Trustee (Jan-Apr)

    Total calculated
    $0
    Hours/week
    1
  • Mark A Krasner

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Nancy Fennell

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Peter E Pool

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Roswitha Kima Smale

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • S Victoria Kahn

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Stacie Mathewson

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Tammy Dermody

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Thomas J Monroe

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Wayne Prim

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Yvonne Murphy

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Amy Oppio

    COO/Deputy Director

    Total calculated
    $203,008
    From this org
    $163,980
    From related orgs
    $0
    Other
    $39,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,980
    Bonus
    $0
    Other
    $0
    Deferred
    $30,950
    Nontaxable benefits
    $8,078
    Filer's total
    $203,008
  • Mary Solorzano

    Director of Finance

    Total calculated
    $156,259
    From this org
    $110,580
    From related orgs
    $0
    Other
    $45,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,580
    Bonus
    $0
    Other
    $0
    Deferred
    $27,162
    Nontaxable benefits
    $18,517
    Filer's total
    $156,259
  • Ann Wolfe

    Head Curator/Deputy Director

    Total calculated
    $180,513
    From this org
    $156,864
    From related orgs
    $0
    Other
    $23,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,864
    Bonus
    $0
    Other
    $0
    Deferred
    $5,100
    Nontaxable benefits
    $18,549
    Filer's total
    $180,513
  • Apsara DiQuinzio

    Senior Curator of Contemporary Art

    Total calculated
    $144,548
    From this org
    $128,643
    From related orgs
    $0
    Other
    $15,905
    Hours/week
    40
  • Casey BurchbyManaging

    Director, Museum Advancement

    Total calculated
    $117,238
    From this org
    $103,102
    From related orgs
    $0
    Other
    $14,136
    Hours/week
    40
  • Mary Ann McAuliffe

    Vice President, Museum Advancement

    Total calculated
    $161,316
    From this org
    $119,721
    From related orgs
    $0
    Other
    $41,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,721
    Bonus
    $0
    Other
    $0
    Deferred
    $30,600
    Nontaxable benefits
    $10,995
    Filer's total
    $161,316

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 · 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • Seven Magic Mountains LLC

    Art Production and Installation · NV · income $392,864 · assets $361,894

    Directly controlled by Nevada Museum of Art

  • Latimer Properties LLC

    Hold and Manage Real and Personal Property · NV · income $0 · assets $389,738

    Directly controlled by Nevada Museum of Art

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313119349301531

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