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Nonprofiteer
← BIRMINGHAM MUSEUM OF ART ENDOWMENT TR

Form 990 for tax year 2023

Filed by BIRMINGHAM MUSEUM OF ART ENDOWMENT TR.

Totals

Total revenue
$3,637,520
Total expenses
$1,571,943
Contributions and grants received
$2,862,025
Grants paid
$0
Program service revenue
$0
Investment income
$775,495
Other revenue
$0
Total assets, end of year
$31,201,463
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$31,201,463
Program services expenses (Part IX)
$1,569,193
Management and general expenses
$2,750
Fundraising expenses
$0
Program service expenses (Part III)
$1,569,193

Program services were 99.8% 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.

  • 1d · Related organizations

    $2,756,500

  • 1f · All other contributions, gifts and grants

    $105,525

  • 3 · Investment income

    total $361,416 · excluded $361,416

  • 7a · Gross sales of assets other than inventory

    securities $1,624,778

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

    securities $1,210,699

  • 7c · Gain or loss

    securities $414,079

  • 7d · Net gain or loss

    total $414,079 · excluded $414,079

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $2,750 · management and general $2,750

  • 21 · Payments to affiliates

    total $1,560,193 · program services $1,560,193

  • 24a · Other expenses: MISCELLANEOUS

    total $9,000 · program services $9,000

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $5,000

  • 11 · Investments: publicly traded securities

    beginning of year $26,356,696 · end of year $31,201,463

  • 27 · Net assets without donor restrictions

    beginning of year $14,585,424 · end of year $18,674,931

  • 28 · Net assets with donor restrictions

    beginning of year $11,776,272 · end of year $12,526,532

Mission and programs · 2023

Mission

PURPOSE IS TO USE INCOME PRODUCED BY THE TRUST TO SUPPORT THE OPERATIONS OF BMA AT THE DIRECTION OF THE DIRECTORS.

Activities or mission (Part I)

TO PROVIDE INCOME FOR THE OPERATIONS OF THE BIRMINGHAM MUSEUM OF ART

  • TO PROVIDE OPERATING SUPPORT TO THE BIRMINGHAM MUSEUM OF ART

    Expenses $1,569,193

As filed on the 2023 return.

Listed in Part VII

  • Braxton Goodrich

    EXECUTIVE COMMITTEE CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • Sanjay Singh

    MUSEUM BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Henry S Lynn Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Andrew Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Graham C Boettcher

    MUSEUM DIRECTOR AND CEO

    Total calculated
    $270,252
    From this org
    $0
    From related orgs
    $255,124
    Other
    $15,128
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $255,124 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,679 related
    Nontaxable benefits
    $0 + $7,449 related
    Filer's total
    $0 + $270,252 related

  • Johnny McIntosh

    FORMER DIRECTOR OF FINANCE AND FA

    Total calculated
    $117,258
    From this org
    $0
    From related orgs
    $108,441
    Other
    $8,817
    Hours/week
    1

  • Chantal Drake

    DEPUTY DIRECTOR

    Total calculated
    $139,742
    From this org
    $0
    From related orgs
    $129,948
    Other
    $9,794
    Hours/week
    1

  • Katie Thompson

    DIRECTOR OF INSTITUTIONAL

    Total calculated
    $93,908
    From this org
    $0
    From related orgs
    $84,794
    Other
    $9,114
    Hours/week
    1

  • Bill Smith

    DIRECTOR OR PEOPLE AND CUL

    Total calculated
    $118,652
    From this org
    $0
    From related orgs
    $102,700
    Other
    $15,952
    Hours/week
    1

  • Anne Forschler

    DIRECTOR OF COLLECTIONS AN

    Total calculated
    $17,545
    From this org
    $0
    From related orgs
    $17,034
    Other
    $511
    Hours/week
    1

  • James Williams

    DIRECTOR OF DESIGN AND TEC

    Total calculated
    $95,528
    From this org
    $0
    From related orgs
    $85,706
    Other
    $9,822
    Hours/week
    1

  • Tina Phillips

    DIRECTOR OF FINANCE AND FA

    Total calculated
    $0
    Hours/week
    1

  • Rachel White

    DIRECTOR OF LEARNING AND ENGAGEMENTS

    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. 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS APPROVE THE COMPENSATION OF THE MUSEUM DIRECTOR.

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.

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349309429

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