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Nonprofiteer
← FLORENCE GRISWOLD MUSEUM INC

Form 990 for tax year 2023

Filed by FLORENCE GRISWOLD MUSEUM INC.

Totals

Total revenue
$6,675,081
Total expenses
$5,560,429
Contributions and grants received
$2,406,097
Grants paid
$0
Program service revenue
$442,610
Investment income
$3,832,929
Other revenue
-$6,555
Total assets, end of year
$35,924,284
Total liabilities, end of year
$419,272
Net assets or fund balances, end of year
$35,505,012
Program services expenses (Part IX)
$2,908,584
Management and general expenses
$1,945,854
Fundraising expenses
$705,991
Program service expenses (Part III)
$2,908,584

Program services were 52.3% 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

    $227,259

  • 1c · Fundraising events

    $217,154

  • 1e · Government grants (contributions)

    $163,268

  • 1f · All other contributions, gifts and grants

    $1,798,416

  • 2a · Program service revenue: EDUCATION PROGRAMS

    total $275,039 · related or exempt $275,039

  • 2b · Program service revenue: ADMISSIONS

    total $167,571 · related or exempt $167,571

  • 3 · Investment income

    total $651,811 · excluded $651,811

  • 7a · Gross sales of assets other than inventory

    securities $8,800,596

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

    securities $5,619,478

  • 7c · Gain or loss

    securities $3,181,118

  • 7d · Net gain or loss

    total $3,181,118 · excluded $3,181,118

  • 8a · Fundraising events: gross income

    $62,950

  • 8a · Fundraising events: contributions included on line 1c

    $217,154

  • 8b · Fundraising events: direct expenses

    $113,357

  • 8c · Net income from fundraising events

    total -$50,407 · excluded -$50,407

  • 10a · Gross sales of inventory

    $178,918

  • 10b · Cost of goods sold

    $135,066

  • 10c · Net income from sales of inventory

    total $43,852 · excluded $43,852

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $266,412 · program services $63,939 · management and general $202,473

  • 7 · Other salaries and wages

    total $1,220,142 · program services $858,108 · management and general $94,325 · fundraising $267,709

  • 8 · Pension plan contributions

    total $55,464 · program services $31,060 · management and general $12,202 · fundraising $12,202

  • 9 · Other employee benefits

    total $104,703 · program services $64,743 · management and general $14,035 · fundraising $25,925

  • 10 · Payroll taxes

    total $111,387 · program services $62,579 · management and general $29,221 · fundraising $19,587

  • 11b · Fees: legal

    total $13,048 · management and general $13,048

  • 11c · Fees: accounting

    total $63,821 · management and general $63,821

  • 11e · Fees: professional fundraising services

    total $67,500 · fundraising $67,500

  • 11f · Fees: investment management

    total $48,277 · management and general $48,277

  • 11g · Fees: other

    total $1,184,480 · program services $81,031 · management and general $1,089,592 · fundraising $13,857

  • 12 · Advertising and promotion

    total $30,537 · program services $23,236 · management and general $142 · fundraising $7,159

  • 13 · Office expenses

    total $175,775 · program services $53,767 · management and general $48,114 · fundraising $73,894

  • 14 · Information technology

    total $157,511 · program services $8,850 · management and general $127,395 · fundraising $21,266

  • 16 · Occupancy

    total $897,401 · program services $628,582 · management and general $139,310 · fundraising $129,509

  • 17 · Travel

    total $103,461 · program services $98,191 · management and general $3,997 · fundraising $1,273

  • 22 · Depreciation, depletion and amortization

    total $522,218 · program services $461,772 · management and general $40,860 · fundraising $19,586

  • 23 · Insurance

    total $127,530 · program services $108,106 · management and general $11,492 · fundraising $7,932

  • 24a · Other expenses: ACQUISITION EXPENSE

    total $155,962 · program services $155,962

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $124,235 · program services $94,530 · management and general $580 · fundraising $29,125

  • 24c · Other expenses: MISCELLANEOUS

    total $74,830 · program services $58,393 · management and general $6,970 · fundraising $9,467

  • 24d · Other expenses: MAINTENANCE & REPAIR

    total $55,735 · program services $55,735

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $506,406 · end of year $547,008

  • 2 · Savings and temporary cash investments

    beginning of year $516,438 · end of year $108,452

  • 3 · Pledges and grants receivable

    beginning of year $4,594,793 · end of year $3,801,442

  • 8 · Inventories for sale or use

    beginning of year $203,023 · end of year $170,907

  • 9 · Prepaid expenses and deferred charges

    beginning of year $121,123 · end of year $85,751

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

    $16,490,724

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

    $10,208,049

  • 10c · Land, buildings and equipment, net

    beginning of year $6,436,538 · end of year $6,282,675

  • 11 · Investments: publicly traded securities

    beginning of year $21,731,421 · end of year $24,800,611

  • 15 · Other assets

    beginning of year $126,868 · end of year $127,438

  • 17 · Accounts payable and accrued expenses

    end of year $105,289

  • 19 · Deferred revenue

    beginning of year $156,732 · end of year $232,991

  • 25 · Other liabilities

    beginning of year $59,192 · end of year $80,992

  • 27 · Net assets without donor restrictions

    beginning of year $20,826,614 · end of year $22,310,940

  • 28 · Net assets with donor restrictions

    beginning of year $13,194,072 · end of year $13,194,072

Mission and programs · 2023

Mission

THE FLORENCE GRISWOLD MUSEUM SEEKS TO PROMOTE A GREATER UNDERSTANDING OF CONNECTICUT'S CONTRIBUTION TO AMERICAN ART AND HISTORY THROUGH PUBLIC EXHIBITIONS AND EDUCATIONAL PROGRAMS.

Activities or mission (Part I)

TO PROMOTE THE UNDERSTANDING OF CONNECTICUT'S CONTRIBUTION TO AMERICAN ART AND HISTORY THROUGH PUBLIC EXHIBITIONS AND EDUCATIONAL PROGRAMS.

  • VISITOR SERVICES- OPERATION OF THE FLORENCE GRISWOLD MUSEUM, AN ACCREDITED MUSEUM OF AMERICAN ART & HISTORY, WITH A YEAR ROUND SCHEDULE OF PUBLIC EXHIBITIONS AND EDUCATIONAL PROGRAMS. THE NUMBER OF PEOPLE THAT WERE BENEFITED DURING THE YEAR TOTALED 30,576.

    Expenses $1,156,921 · Revenue $167,571

  • COLLECTIONS AND EXHIBITIONS- CURATORIAL CARE, CONSERVATION, ACQUISITION, AND PRESENTATION OF THE MUSEUM'S ART AND HISTORICAL COLLECTIONS.

    Expenses $1,131,322

  • EDUCATIONAL PROGRAMS- ART AND HISTORY PROGRAMS FOR THE PUBLIC. THE NUMBER OF PEOPLE THAT WERE BENEFITED DURING THE YEAR TOTALED 13,933.

    Expenses $620,341 · Revenue $275,039

As filed on the 2023 return.

Listed in Part VII

  • Deborah Moore

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Barbara Harms

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Jane Rapport

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • John E Noyes

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $0
    Hours/week
    0.5
  • Kay Knight Clarke

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Susan Cartledge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jonathan Cohen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Carla D'Arista

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dianne Embree

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Patrick Gingras

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Holt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Valerie Koif

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jac Lahav

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sally Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Marybeth Marx

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kevin McGlinchey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Timothy McLaughlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Lee Pritchard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Barbara Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Katie Tuttle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Rob Wilber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Mary Ann Rumney Besier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Charles T Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jeffrey W Cooley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • David W Dangremond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Frank W Ted Hamilton III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Carolyn Wakeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Robert D Webster

    BOARD MEMBER (THRU 11/23)

    Total calculated
    $0
    Hours/week
    0.5
  • Richard Millard

    BOARD MEMBER (THRU 03/23)

    Total calculated
    $0
    Hours/week
    0.5
  • Barry Adams

    DIRECTOR OF FINANCE

    Total calculated
    $93,768
    From this org
    $84,902
    From related orgs
    $0
    Other
    $8,866
    Hours/week
    40
  • Joshua Campbell Torrance

    EXECUTIVE DIRECTOR

    Total calculated
    $172,644
    From this org
    $164,423
    From related orgs
    $0
    Other
    $8,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,423
    Bonus
    $0
    Other
    $0
    Deferred
    $8,221
    Nontaxable benefits
    $0
    Filer's total
    $172,644
  • David Rau

    DIRECTOR OF EDUCATION & OU

    Total calculated
    $133,829
    From this org
    $117,239
    From related orgs
    $0
    Other
    $16,590
    Hours/week
    40
  • Matt Strekel

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $131,556
    From this org
    $118,189
    From related orgs
    $0
    Other
    $13,367
    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. 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 · Compensation survey or study
  • 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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349312678

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