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← TAMPA MUSEUM OF ART FOUNDATION INC

Form 990 for tax year 2025

Filed by TAMPA MUSEUM OF ART FOUNDATION INC.

Totals

Total revenue
$10,362,022
Total expenses
$1,423,526
Contributions and grants received
$10,139,344
Grants paid
$846,210
Program service revenue
$0
Investment income
$222,678
Other revenue
$0
Total assets, end of year
$75,211,222
Total liabilities, end of year
$524,561
Net assets or fund balances, end of year
$74,686,661
Program services expenses (Part IX)
$846,210
Management and general expenses
$248,823
Fundraising expenses
$328,493
Program service expenses (Part III)
$846,210

Program services were 59.4% 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.

  • 1f · All other contributions, gifts and grants

    $10,139,344

  • 3 · Investment income

    total $1,094,446 · excluded $1,094,446

  • 7a · Gross sales of assets other than inventory

    securities $3,043,833

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

    securities $3,915,601

  • 7c · Gain or loss

    securities -$871,768

  • 7d · Net gain or loss

    total -$871,768 · excluded -$871,768

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $846,210 · program services $846,210

  • 11f · Fees: investment management

    total $55,185 · management and general $55,185

  • 11g · Fees: other

    total $173,665 · management and general $173,665

  • 12 · Advertising and promotion

    total $301,050 · fundraising $301,050

  • 13 · Office expenses

    total $11,343 · management and general $3,612 · fundraising $7,731

  • 17 · Travel

    total $814 · management and general $188 · fundraising $626

  • 24a · Other expenses: MEMBER SERVICES

    total $11,831 · management and general $205 · fundraising $11,626

  • 24b · Other expenses: BANK FEES

    total $11,583 · management and general $4,358 · fundraising $7,225

  • 24c · Other expenses: BAD DEBT

    total $11,375 · management and general $11,375

  • 24d · Other expenses: LICENSES & FEES

    total $470 · management and general $235 · fundraising $235

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,743 · end of year $1,368,671

  • 3 · Pledges and grants receivable

    beginning of year $34,129,745 · end of year $35,659,295

  • 4 · Accounts receivable

    beginning of year $1,024,781

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

    $10,380,014

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $8,250,764 · end of year $10,380,014

  • 11 · Investments: publicly traded securities

    beginning of year $19,854,501 · end of year $27,460,102

  • 12 · Investments: other securities

    beginning of year $313,909 · end of year $343,140

  • 17 · Accounts payable and accrued expenses

    beginning of year $351,287 · end of year $524,561

  • 27 · Net assets without donor restrictions

    beginning of year $21,716,128 · end of year $31,171,894

  • 28 · Net assets with donor restrictions

    beginning of year $41,564,028 · end of year $43,514,767

Mission and programs · 2025

Mission

MAINTAIN AND RAISE FUNDS FOR THE BENEFIT OF THE TAMPA MUSEUM OF ART, INC.

  • THE TAMPA MUSEUM OF ART FOUNDATION (FOUNDATION) IS A SUPPORTING 501(C)(3) ORGANIZATION FOR THE TAMPA MUSEUM OF ART (TMA), A CULTURAL INSTITUTE THAT ADDS MEASURABLE VALUE TO PEOPLE'S LIVES. THE TMA IS A PLACE TO CELEBRATE ICONIC WORKS OF ART IN EXHIBITIONS FEATURING BREAKTHROUGHS IN ARTISTIC DIRECTIONS, AND WE ARE A VENUE FOR COMMUNITY FORUMS AND DIALOGUES WITH INTERNATIONALLY RECOGNIZED ARTISTS AND SCHOLARS. THE TMA IS ALSO A REPOSITORY OF ART COLLECTIONS FOR CURRENT AND FUTURE GENERATIONS, AND WE PROVIDE STUDIO ART PROGRAMS, SCHOOL FIELD TRIPS FOR STUDENTS, AND TOURS FOR ADULTS, AS WELL AS OVER 16 DIFFERENT ART EDUCATION PROGRAMS AND WORKSHOPS FOCUSED ON ANCIENT, MODERN, AND CONTEMPORARY ART. CONTINUED ON SCHEDULE O.

    Expenses $846,210 · Grants $846,210

As filed on the 2025 return.

Listed in Part VII

  • Michael A Tomor

    EXECUTIVE DIRECTOR

    Total calculated
    $479,822
    From this org
    $0
    From related orgs
    $334,982
    Other
    $144,840
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,347 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $25,635 related
    Deferred
    $0 + $137,528 related
    Nontaxable benefits
    $0 + $7,312 related
    Filer's total
    $0 + $479,822 related
  • Christine Phillips

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 1 related
  • Maureen Cohn

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 1 related
  • Frank Bonsack

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 1 related
  • Micah Fogarty

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Teresa Stinson

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Tara Rao Bild

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edward Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ron Christaldi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Cornelia Corbett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Stephen Dickey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Dobkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Julio Esquivel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Margo Eure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jamie Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Cathy Grant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Thomas Hochhausler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert Isbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dianne Jacob

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Danyell Munassi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Pages

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Stubbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gregg Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Simington

    DIRECTOR

    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

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

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

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
2025
Filed
12 August 2026
IRS schema version
2025v4.2
Source object
202642449349300549

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