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Nonprofiteer
← SEWELL C BIGGS TRUST 12-29-89

Form 990 for tax year 2022

Filed by SEWELL C BIGGS TRUST 12-29-89.

Totals

Total revenue
$2,225,866
Total expenses
$2,269,481
Contributions and grants received
$1,795,700
Grants paid
$0
Program service revenue
$33,575
Investment income
$380,797
Other revenue
$15,794
Total assets, end of year
$14,781,800
Total liabilities, end of year
$96,286
Net assets or fund balances, end of year
$14,685,514
Program services expenses (Part IX)
$1,937,508
Management and general expenses
$175,931
Fundraising expenses
$156,042
Program service expenses (Part III)
$1,937,508

Program services were 85.4% 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

    $28,625

  • 1f · All other contributions, gifts and grants

    $1,767,075

  • 1g · Noncash contributions included above

    $445,279

  • 2a · Program service revenue: TUITION

    total $15,732 · related or exempt $15,732

  • 2b · Program service revenue: ADMISSIONS

    total $14,998 · related or exempt $14,998

  • 2c · Program service revenue: MISCELLANEOUS

    total $2,845 · related or exempt $2,845

  • 3 · Investment income

    total $260,155 · excluded $260,155

  • 7a · Gross sales of assets other than inventory

    securities $444,651

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

    securities $324,009

  • 7c · Gain or loss

    securities $120,642

  • 7d · Net gain or loss

    total $120,642 · excluded $120,642

  • 8a · Fundraising events: gross income

    $21,232

  • 8b · Fundraising events: direct expenses

    $5,438

  • 8c · Net income from fundraising events

    total $15,794 · excluded $15,794

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $164,306 · program services $131,444 · management and general $16,431 · fundraising $16,431

  • 7 · Other salaries and wages

    total $521,041 · program services $389,419 · management and general $58,958 · fundraising $72,664

  • 9 · Other employee benefits

    total $87,221 · program services $66,288 · management and general $9,594 · fundraising $11,339

  • 10 · Payroll taxes

    total $52,651 · program services $40,014 · management and general $5,792 · fundraising $6,845

  • 11f · Fees: investment management

    total $17,992 · management and general $17,992

  • 11g · Fees: other

    total $59,934 · program services $31,166 · management and general $20,977 · fundraising $7,791

  • 12 · Advertising and promotion

    total $102,360 · program services $102,360

  • 13 · Office expenses

    total $28,287 · program services $20,501 · management and general $5,627 · fundraising $2,159

  • 14 · Information technology

    total $18,140 · program services $13,605 · management and general $3,628 · fundraising $907

  • 16 · Occupancy

    total $448,381 · program services $448,381

  • 17 · Travel

    total $5,054 · program services $4,548 · management and general $253 · fundraising $253

  • 22 · Depreciation, depletion and amortization

    total $83,669 · program services $68,609 · management and general $4,183 · fundraising $10,877

  • 23 · Insurance

    total $29,731 · program services $27,353 · management and general $2,081 · fundraising $297

  • 24a · Other expenses: THE GREEN

    total $360,066 · program services $324,060 · management and general $18,003 · fundraising $18,003

  • 24b · Other expenses: EXHIBITIONS

    total $157,250 · program services $157,250

  • 24c · Other expenses: COLLECTION AQUISITION E

    total $60,037 · program services $60,037

  • 24d · Other expenses: EDUCATION

    total $22,092 · program services $22,092

  • 24e · All other expenses

    total $51,269 · program services $30,381 · management and general $12,412 · fundraising $8,476

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,013,914 · end of year $400,551

  • 2 · Savings and temporary cash investments

    beginning of year $1,555,919 · end of year $6,361,831

  • 4 · Accounts receivable

    beginning of year $25,819 · end of year $17,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,683 · end of year $32,422

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

    $3,037,500

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

    $840,881

  • 10c · Land, buildings and equipment, net

    beginning of year $2,229,780 · end of year $2,196,619

  • 13 · Investments: program-related

    beginning of year $5,610,219 · end of year $5,773,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,175 · end of year $91,606

  • 19 · Deferred revenue

    beginning of year $8,860 · end of year $4,680

  • 27 · Net assets without donor restrictions

    beginning of year $5,416,397 · end of year $5,518,140

  • 28 · Net assets with donor restrictions

    beginning of year $8,989,902 · end of year $9,167,374

Mission and programs · 2022

Mission

DEDICATION TO THE AWARENESS OF AMERICAN ART AND ITS IMPACT ON OUR CULTURE.

  • THE BIGGS MUSEUM IS DEDICATED TO DEVELOPING AWARENESS, UNDERSTANDING, AND APPRECIATION OF FINE AND DECORATIVE ARTS AND THEIR IMPACT ON OUR CULTURE, AND TO THE ENRICHMENT OF OUR CULTURAL LIVES BY COLLECTING, PRESERVING, EXHIBITING, AND INTERPRETING THE FINE AND DECORATIVE ARTS FOR A DIVERSE AUDIENCE.

    Expenses $1,937,508 · Revenue $33,575

As filed on the 2022 return.

Listed in Part VII

  • Wendy Bellion

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lori Crawford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • The Honorable Jeffrey W Bullock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • The Honorable Nancy W Cook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lewis Drexel Davison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Dudich

    EXECUTIVE DIRECTOR

    Total calculated
    $118,340
    From this org
    $118,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Robert W Eaddy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bernice M Edwards

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ilona Holland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Debora Hansen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • William F Richardson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John R Schoonover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Andrew C Slater

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dennis Coker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Laird Stabler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Carson Zullinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Marcia P Dewitt

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Susan Salkin

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Joseph Slights

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Rex L Varner

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Kathy Dwyer Southern

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Wilma Mishoe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Philip Tobey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Suzanne Savery

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Charles Guerin

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $84,306
    From this org
    $84,306
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202410469349303001

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