Totals
- Total revenue
- -$5,484
- Total expenses
- $349,935
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$5,484
- Other revenue
- $0
- Total assets, end of year
- $6,918,313
- Total liabilities, end of year
- $4,838,872
- Net assets or fund balances, end of year
- $2,079,441
- Program services expenses (Part IX)
- $349,935
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $349,935
Program services were 100.0% 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.
-
7b · Less cost or other basis and sales expenses
other assets $5,484
-
7c · Gain or loss
other assets -$5,484
-
7d · Net gain or loss
total -$5,484 · excluded -$5,484
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $7,450 · program services $7,450
-
13 · Office expenses
total $9,747 · program services $9,747
-
22 · Depreciation, depletion and amortization
total $332,738 · program services $332,738
Balance sheet
Part X, book values.
-
10a · Land, buildings and equipment: cost or other basis
$11,254,168
-
10b · Land, buildings and equipment: accumulated depreciation
$4,335,855
-
10c · Land, buildings and equipment, net
beginning of year $6,687,465 · end of year $6,918,313
-
23 · Secured mortgages and notes payable
beginning of year $3,173,010 · end of year $3,621,111
-
25 · Other liabilities
beginning of year $1,079,595 · end of year $1,217,761
-
27 · Net assets without donor restrictions
beginning of year $2,434,860 · end of year $2,079,441
Mission and programs · 2022
Mission
THE WITTE FOUNDATION PROVIDES SUPPORT TO THE WITTE MUSEUM BY OVERSEEING THE INVESTMENT FUNDS AND HOLDING THE TITLES TO THE COLLECTIONS REPOSITORY AND THE B. NAYLOR MORTON RESEARCH AND COLLECTIONS CENTER.
Activities or mission (Part I)
THE WITTE FOUNDATION PROVIDES SUPPORT TO THE WITTE MUSEUM BY OVERSEEING THE INVESTMENT FUNDS AND HOLDING THE TITLES TO THE COLLECTIONS REPOSITORY AND THE B. NAYLOR MORTON RESEARCH AND COLLECTIONS CENTER AND MANAGEMENT OF THE WITTE MUSEUM'S INVESTMENT PORTFOLIO.
-
THE WITTE FOUNDATION PROVIDES SUPPORT TO THE WITTE MUSEUM BY OVERSEEING THE INVESTMENT OF FUNDS AND DISTRIBUTING THE INVESTMENT INCOME. THE WITTE FOUNDATION HOLDS THE TITLES TO THE COLLECTION REPOSITORY FOR THE COLLECTIONS OF THE WITTE MUSEUM AND THE B. NAYLOR MORTON RESEARCH AND COLLECTIONS CENTER.
Expenses $349,935
As filed on the 2022 return.
Listed in Part VII
-
Peggy WalkerPEGGY WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.5 related
-
Dirk ElmendorfDIRK ELMENDORF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 10 related
-
Mark MetcalfeMARK METCALFE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Michael BolnerMICHAEL BOLNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Jack SteinJACK STEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Marise McDermottMARISE MCDERMOTT
PRESIDENT
- Total calculated
- $312,899
- From this org
- $0
- From related orgs
- $270,496
- Other
- $42,403
- Hours/week
- 1.25 + 61.25 related
Schedule J breakdown matched by us
- Base
- $0 + $270,496 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $36,200 related
- Nontaxable benefits
- $0 + $6,203 related
- Filer's total
- $0 + $312,899 related
-
Ryan BergRYAN BERG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 10 related
-
Xavier UrrutiaXAVIER URRUTIA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Joe McLauchlanJOE MCLAUCHLAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 10.5 related
-
Michele AnzlovarMICHELE ANZLOVAR
CHIEF FINANCIAL OFFICER
- Total calculated
- $54,867
- From this org
- $0
- From related orgs
- $54,667
- Other
- $200
- Hours/week
- 0 + 55 related
-
Pam FutchPAM FUTCH
CHIEF FINANCIAL OFFICER
- Total calculated
- $73,749
- From this org
- $0
- From related orgs
- $67,665
- Other
- $6,084
- Hours/week
- 0 + 55 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)
- SCHEDULE J, PART I, LINE 3
- METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE CONSISTING OF CHAIR OF THE BOARD OF TRUSTEES, VICE CHAIR AND PAST CHAIR - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY: AMERICAN ASSOCIATION OF MUSEUMS AND WERLING & ASSOCIATES - APPROVAL BY THE EXECUTIVE COMMITTEE
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.
-
501(C)(3) · PUBLIC MUSEUM · TX
Directly controlled by WITTE MUSEUM
-
THE WITTE TITLE HOLDING COMPANY
501(C)(2) · PART VII · TX · controlled entity
Directly controlled by WITTE MUSEUM
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349329402
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