Totals
- Total revenue
- $906,376
- Total expenses
- $607,192
- Contributions and grants received
- $881,673
- Grants paid
- $0
- Program service revenue
- $28,948
- Investment income
- $576
- Other revenue
- -$4,821
- Total assets, end of year
- $543,571
- Total liabilities, end of year
- $40,514
- Net assets or fund balances, end of year
- $503,057
- Program services expenses (Part IX)
- $289,666
- Management and general expenses
- $197,510
- Fundraising expenses
- $120,016
- Program service expenses (Part III)
- $289,666
Program services were 47.7% 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
$16,522
-
1c · Fundraising events
$4,320
-
1e · Government grants (contributions)
$285,579
-
1f · All other contributions, gifts and grants
$575,252
-
1g · Noncash contributions included above
$250,000
-
2a · Program service revenue: Educational art prgrms
total $15,639 · related or exempt $15,639
-
2b · Program service revenue: Admissions and catalogs
total $13,309 · related or exempt $13,309
-
3 · Investment income
total $576 · related or exempt $576
-
8a · Fundraising events: gross income
$12,961
-
8a · Fundraising events: contributions included on line 1c
$4,320
-
8b · Fundraising events: direct expenses
$20,028
-
8c · Net income from fundraising events
total -$7,067 · excluded -$7,067
-
10a · Gross sales of inventory
$5,348
-
10b · Cost of goods sold
$3,102
-
10c · Net income from sales of inventory
total $2,246 · related or exempt $2,246
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $90,223 · program services $5,250 · management and general $37,723 · fundraising $47,250
-
7 · Other salaries and wages
total $231,662 · program services $147,924 · management and general $79,744 · fundraising $3,994
-
8 · Pension plan contributions
total $3,050 · program services $1,451 · management and general $1,113 · fundraising $486
-
9 · Other employee benefits
total $4,946 · program services $2,354 · management and general $1,805 · fundraising $787
-
10 · Payroll taxes
total $26,307 · program services $12,519 · management and general $9,601 · fundraising $4,187
-
11b · Fees: legal
total $813 · program services $813
-
11c · Fees: accounting
total $48,248 · management and general $48,248
-
11e · Fees: professional fundraising services
total $44,042 · fundraising $44,042
-
11g · Fees: other
total $4,895 · management and general $4,895
-
12 · Advertising and promotion
total $1,071 · program services $1,017 · management and general $54
-
13 · Office expenses
total $8,816 · program services $1,904 · management and general $5,937 · fundraising $975
-
14 · Information technology
total $44,243 · program services $23,095 · management and general $4,285 · fundraising $16,863
-
16 · Occupancy
total $1,347 · program services $1,145 · management and general $67 · fundraising $135
-
22 · Depreciation, depletion and amortization
total $13,406 · program services $13,253 · management and general $134 · fundraising $19
-
23 · Insurance
total $12,782 · program services $10,865 · management and general $639 · fundraising $1,278
-
24a · Other expenses: Public programs
total $12,015 · program services $12,015
-
24b · Other expenses: Supplies
total $27,455 · program services $27,455
-
24c · Other expenses: Artist performer stipends
total $28,606 · program services $28,606
-
24d · Other expenses: Payroll processing fess
total $3,265 · management and general $3,265
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $60,053 · end of year $184,359
-
2 · Savings and temporary cash investments
beginning of year $113,601
-
3 · Pledges and grants receivable
end of year $25,000
-
4 · Accounts receivable
end of year $1,867
-
8 · Inventories for sale or use
beginning of year $1,025 · end of year $2,260
-
9 · Prepaid expenses and deferred charges
beginning of year $2,852
-
10a · Land, buildings and equipment: cost or other basis
$117,374
-
10b · Land, buildings and equipment: accumulated depreciation
$89,315
-
10c · Land, buildings and equipment, net
beginning of year $41,465 · end of year $28,059
-
11 · Investments: publicly traded securities
beginning of year $8,777
-
15 · Other assets
beginning of year $1,500 · end of year $302,026
-
17 · Accounts payable and accrued expenses
beginning of year $25,400 · end of year $40,514
-
27 · Net assets without donor restrictions
beginning of year $203,873 · end of year $400,737
-
28 · Net assets with donor restrictions
end of year $102,320
Mission and programs · 2023
Mission
New Bedford Art Museum is dedicated to engaging a diverse audience in relevant exhibitions, exemplary education, and creative experiences as a vital innovative center for the arts.
-
Art exhibits, educational outreach and creative collaborations with community groups
Expenses $289,666 · Revenue $28,948
As filed on the 2023 return.
Listed in Part VII
-
Timothy Mahoney
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
John H Deknatel
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Mark Medeiros
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Marcelina Pina-Christian
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Gig Lang
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Margo Saulnier
Clerk
- Total calculated
- $0
- Hours/week
- 5
-
Peter Covill
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Caroline Conzatti
Vice Chair
- Total calculated
- $0
- Hours/week
- 5
-
A Lawrence Jenkins
President
- Total calculated
- $0
- Hours/week
- 5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413109349303386
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