Totals
- Total revenue
- $12,515,322
- Total expenses
- $2,504,678
- Contributions and grants received
- $11,319,992
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,091,465
- Other revenue
- $103,865
- Total assets, end of year
- $56,183,990
- Total liabilities, end of year
- $623,293
- Net assets or fund balances, end of year
- $55,560,697
- Program services expenses (Part IX)
- $2,190,055
- Management and general expenses
- $240,251
- Fundraising expenses
- $74,372
- Program service expenses (Part III)
- $2,190,055
Program services were 87.4% 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
$115,573
-
1e · Government grants (contributions)
$462,087
-
1f · All other contributions, gifts and grants
$10,742,332
-
1g · Noncash contributions included above
$289,990
-
3 · Investment income
total $1,095,965 · excluded $1,095,965
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
other assets $4,500
-
7c · Gain or loss
other assets -$4,500
-
7d · Net gain or loss
total -$4,500 · excluded -$4,500
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$80,478
-
10b · Cost of goods sold
$38,152
-
10c · Net income from sales of inventory
total $42,326 · excluded $42,326
-
11a · Other revenue: OTHER INCOME
total $986 · related or exempt $986
-
11b · Other revenue: TRAVEL TRIPS
total $60,553 · related or exempt $60,553
-
11e · Other revenue, total
$61,539
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $249,809 · program services $224,180 · management and general $25,629
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $720,022 · program services $637,734 · management and general $55,049 · fundraising $27,239
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $118,875 · program services $90,244 · management and general $25,147 · fundraising $3,484
-
10 · Payroll taxes
total $73,747 · program services $63,358 · management and general $8,579 · fundraising $1,810
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $441,672 · program services $399,549 · management and general $35,291 · fundraising $6,832
-
12 · Advertising and promotion
total $32,106 · program services $24,206 · management and general $900 · fundraising $7,000
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $246,969 · program services $214,058 · management and general $6,889 · fundraising $26,022
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $33,377 · program services $33,377
-
23 · Insurance
total $84,844 · program services $72,135 · management and general $11,910 · fundraising $799
-
24a · Other expenses: EXHIBITION COSTS
total $224,105 · program services $224,105
-
24b · Other expenses: OTHER EXPENSES
total $127,515 · program services $59,975 · management and general $67,540
-
24c · Other expenses: PROGRAM EXPENSES
total $56,010 · program services $56,010
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $36,371 · program services $36,031 · management and general $340
-
24e · All other expenses
total $59,256 · program services $55,093 · management and general $2,977 · fundraising $1,186
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $535,335 · end of year $511,817
-
2 · Savings and temporary cash investments
beginning of year $394,998 · end of year $549,171
-
3 · Pledges and grants receivable
beginning of year $4,830,709 · end of year $8,171,027
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $30,767 · end of year $26,064
-
9 · Prepaid expenses and deferred charges
beginning of year $197,608 · end of year $123,111
-
10a · Land, buildings and equipment: cost or other basis
$1,504,247
-
10b · Land, buildings and equipment: accumulated depreciation
$1,238,513
-
10c · Land, buildings and equipment, net
beginning of year $297,734 · end of year $265,734
-
11 · Investments: publicly traded securities
beginning of year $9,745,428 · end of year $14,802,080
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $32,037,499 · end of year $31,734,986
-
17 · Accounts payable and accrued expenses
beginning of year $244,951 · end of year $457,298
-
25 · Other liabilities
end of year $165,995
-
27 · Net assets without donor restrictions
beginning of year $17,636,728 · end of year $18,619,130
-
28 · Net assets with donor restrictions
beginning of year $30,188,399 · end of year $36,941,567
Mission and programs · 2022
Mission
The Putnam Foundation (the Foundation) is a non-profit organization whose primary activity is the education of the public in fine arts through the operation of the Timken Museum of Art (the Museum) located in Balboa Park in San Diego, California, and is the only fine art museum in San Diego that does not charge admission. Accessibility, whether through our free-admission policy or through outreach to underserved groups in the community is at the heart of the Timken.
Activities or mission (Part I)
The Putnam Foundation is a non-profit organization whose primary activity is the education of the public in fine arts through the operation of the Timken Museum of Art located in Balboa Park in San Diego, California.
-
The Putnam Foundation (the Foundation) is a non-profit organization whose primary activity is the education of the public in fine arts through the operation of the Timken Museum of Art (the Museum) located in Balboa Park in San Diego, California, and is the only fine art museum in San Diego that does not charge admission. Accessibility, whether through our free-admission policy or through outreach to underserved groups in the community is at the heart of the Timken.
Expenses $2,126,353
-
Educational Programs:The museums educational programs, broad and varied, are offered throughout the year and are free of charge. The programs, both in the museum and out in the community include school residencies, classes at Juvenile Hall, and Balboa Naval Medical Center, school tours, teacher trainings, family art making, docent tours, art programs in senior residence and Outreach Espaol our bi-national program which provides transportation to the museum and tours in Spanish for students in Baja CA. In addition our educational programs also include exhibitions, artist in residency and musical performances. Our exhibitions examine, in depth, a specific painting or body of work in the museums collection, by placing the work or works into the broader context of the art and culture of its time. Our intent is to expand and deepen our viewers understanding of art and specifically the pieces in our collection. Exhibitions are an essential part of the Timkens educational programs and we believe our free admission mandate promotes art awareness and appreciation by making our collection accessible to any and all that visit.
Expenses $63,702
As filed on the 2022 return.
Listed in Part VII
-
Megan PogueMEGAN POGUE
Executive Dir.
- Total calculated
- $240,697
- From this org
- $214,598
- From related orgs
- $0
- Other
- $26,099
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,098
- Bonus
- $36,500
- Other
- not reported
- Deferred
- $6,571
- Nontaxable benefits
- $19,528
- Filer's total
- $240,697
-
Jessie KnightJESSIE KNIGHT
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Gary CadyGARY CADY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Pam PalisoulPAM PALISOUL
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Paul HeringPAUL HERING
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Cathe BurnhamCATHE BURNHAM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Fred KleinbubFRED KLEINBUB
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
David KinneyDAVID KINNEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cecilia LarroqueCECILIA LARROQUE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bob O'ConnellBOB O'CONNELL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Henk HanselaarHENK HANSELAAR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen LundgrenKATHLEEN LUNDGREN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alexi DavisALEXI DAVIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Caitlynde LangerCAITLYNDE LANGER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne JonesJEANNE JONES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lori WaltonLORI WALTON
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 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
- 2022
- Filed
- 12 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313489349301451
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