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Nonprofiteer
← GRAHAM GUND GALLERY

Form 990 for tax year 2022

Filed by GRAHAM GUND GALLERY.

Totals

Total revenue
$1,693,304
Total expenses
$1,276,863
Contributions and grants received
$1,622,929
Grants paid
$0
Program service revenue
$1,490
Investment income
$68,885
Other revenue
$0
Total assets, end of year
$8,636,121
Total liabilities, end of year
$14,123
Net assets or fund balances, end of year
$8,621,998
Program services expenses (Part IX)
$1,103,147
Management and general expenses
$141,328
Fundraising expenses
$32,388
Program service expenses (Part III)
$1,103,147

Program services were 86.4% 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.

  • 1d · Related organizations

    $931,121

  • 1e · Government grants (contributions)

    $36,612

  • 1f · All other contributions, gifts and grants

    $655,196

  • 1g · Noncash contributions included above

    $19,598

  • 2a · Program service revenue: EXHIBITION LOAN PROG.

    total $1,490 · related or exempt $1,490

  • 3 · Investment income

    total $96,268 · excluded $96,268

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

    securities $27,383

  • 7c · Gain or loss

    securities -$27,383

  • 7d · Net gain or loss

    total -$27,383 · excluded -$27,383

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $204,015 · program services $142,811 · management and general $30,602 · fundraising $30,602

  • 7 · Other salaries and wages

    total $387,199 · program services $387,199

  • 8 · Pension plan contributions

    total $25,477 · program services $25,477

  • 9 · Other employee benefits

    total $70,395 · program services $70,395

  • 10 · Payroll taxes

    total $37,620 · program services $34,048 · management and general $1,786 · fundraising $1,786

  • 11c · Fees: accounting

    total $2,600 · management and general $2,600

  • 11g · Fees: other

    total $224,773 · program services $224,773

  • 13 · Office expenses

    total $32,106 · program services $32,106

  • 14 · Information technology

    total $8,024 · program services $8,024

  • 17 · Travel

    total $127,666 · program services $21,326 · management and general $106,340

  • 24a · Other expenses: FEES & HONORARIA

    total $38,089 · program services $38,089

  • 24b · Other expenses: POSTAGE & SHIPPING

    total $36,967 · program services $36,967

  • 24c · Other expenses: ART COLLECTION ACQUISIT

    total $26,963 · program services $26,963

  • 24d · Other expenses: EXHIBITION MATERIALS

    total $3,012 · program services $3,012

  • 24e · All other expenses

    total $51,957 · program services $51,957

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,768,958 · end of year $2,112,879

  • 3 · Pledges and grants receivable

    beginning of year $827,556 · end of year $114,607

  • 4 · Accounts receivable

    beginning of year $8,266 · end of year $33,657

  • 11 · Investments: publicly traded securities

    beginning of year $5,258,203 · end of year $6,374,978

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,584 · end of year $14,123

  • 27 · Net assets without donor restrictions

    beginning of year -$3,266 · end of year $11,093

  • 28 · Net assets with donor restrictions

    beginning of year $7,864,665 · end of year $8,610,905

Mission and programs · 2022

Mission

THE GUND CREATES NEW WAYS TO EXPERIENCE AND LEARN FROM MODERN AND CONTEMPORARY ART IN AN ACADEMIC SETTING, INVITING INQUIRY, CONNECTING STUDENTS, ARTISTS, AND LIFELONG LEARNERS, AND INSPIRING COLLABORATIVE ACTION TOWARD A BETTER FUTURE." IN ADDITION, THE GUND HAS ADOPTED KENYON COLLEGE'S VALUES: INTELLECTUAL EMPOWERMENT AND CREATIVITY; EMBRACING DIFFERENCES; KINDNESS, RESPECT, AND INTEGRITY; AND ENDURING CONNECTIONS TO PEOPLE AND PLACE, AND PERSONALIZED THEM TO ITS ROLE AS A NEXUS FOR MODERN AND CONTEMPORARY ART.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,103,147 · Revenue $1,490

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Paul Goldberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregory V Gooding

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Graham Gund

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pamela Hoehn-Saric

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Horvitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gilbert C Meister Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dan Patterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronald Pizzuti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Betson Resnik

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Rosenthal

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Whealon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samie Falvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Halley K Harrisburg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean Decatur

    PRESIDENT(UNTIL 12/31/22)

    Total calculated
    $757,567
    From this org
    $0
    From related orgs
    $629,454
    Other
    $128,113
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $404,454 related
    Bonus
    $0 + $225,000 related
    Other
    $0
    Deferred
    $0 + $95,975 related
    Nontaxable benefits
    $0 + $32,138 related
    Filer's total
    $0 + $757,567 related

  • Jeffrey Bowman

    ACTING PRESIDENT

    Total calculated
    $322,438
    From this org
    $0
    From related orgs
    $281,911
    Other
    $40,527
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,911 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,061 related
    Nontaxable benefits
    $0 + $13,466 related
    Filer's total
    $0 + $322,438 related

  • Daisy Desrosiers

    DIRECTOR AND CHIEF CURATOR

    Total calculated
    $214,065
    From this org
    $169,188
    From related orgs
    $0
    Other
    $44,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,188
    Bonus
    $0
    Other
    $0
    Deferred
    $31,473
    Nontaxable benefits
    $13,404
    Filer's total
    $214,065

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - EMPLOYER CONTRIBUTION BY KENYON COLLEGE TO SECTION 457(F) PLAN FOR SEAN DECATUR: $67,000.

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.

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
2022
Filed
28 April 2024
IRS schema version
2022v5.0
Source object
202401309349304265

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