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← ASHEVILLE ART MUSEUM ASSOCIATION INC

Form 990 for tax year 2023

Filed by ASHEVILLE ART MUSEUM ASSOCIATION INC.

Totals

Total revenue
$2,153,498
Total expenses
$3,233,152
Contributions and grants received
$1,140,058
Grants paid
$0
Program service revenue
$761,473
Investment income
$201,845
Other revenue
$50,122
Total assets, end of year
$29,582,340
Total liabilities, end of year
$252,569
Net assets or fund balances, end of year
$29,329,771
Program services expenses (Part IX)
$2,563,951
Management and general expenses
$485,648
Fundraising expenses
$183,553
Program service expenses (Part III)
$2,563,951

Program services were 79.3% 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.

  • 1c · Fundraising events

    $99,468

  • 1e · Government grants (contributions)

    $172,479

  • 1f · All other contributions, gifts and grants

    $868,111

  • 1g · Noncash contributions included above

    $89,706

  • 2a · Program service revenue: Membership Dues

    total $137,141 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Admissions

    total $569,803 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Educational

    total $54,529 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $183,834 · unrelated business $0 · excluded $183,834

  • 6a · Gross rents

    real property $23,292

  • 6b · Less rental expenses

    real property $3,156

  • 6c · Rental income or loss

    real property $20,136

  • 6d · Net rental income or loss

    total $20,136 · excluded $20,136

  • 7a · Gross sales of assets other than inventory

    securities $205,046

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

    securities $187,035

  • 7c · Gain or loss

    securities $18,011

  • 7d · Net gain or loss

    total $18,011 · related or exempt $0 · unrelated business $0 · excluded $18,011

  • 8a · Fundraising events: gross income

    $87,900

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

    $99,468

  • 8b · Fundraising events: direct expenses

    $158,730

  • 8c · Net income from fundraising events

    total -$70,830 · unrelated business $0 · excluded -$70,830

  • 9a · Gaming: gross income

    $1,100

  • 9c · Net income from gaming

    total $1,100 · excluded $1,100

  • 10a · Gross sales of inventory

    $219,530

  • 10b · Cost of goods sold

    $120,629

  • 10c · Net income from sales of inventory

    total $98,901 · excluded $98,901

  • 11a · Other revenue: Other Income

    total $815 · related or exempt $0 · unrelated business $0 · excluded $815

  • 11e · Other revenue, total

    $815

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $192,190 · program services $76,876 · management and general $115,314 · fundraising $0

  • 7 · Other salaries and wages

    total $1,188,343 · program services $928,648 · management and general $124,121 · fundraising $135,574

  • 8 · Pension plan contributions

    total $10,230 · program services $3,354 · management and general $3,945 · fundraising $2,931

  • 9 · Other employee benefits

    total $85,367 · program services $65,875 · management and general $8,514 · fundraising $10,978

  • 10 · Payroll taxes

    total $104,167 · program services $77,284 · management and general $17,250 · fundraising $9,633

  • 11c · Fees: accounting

    total $23,680 · program services $0 · management and general $23,680 · fundraising $0

  • 11f · Fees: investment management

    total $16,726 · program services $0 · management and general $16,726 · fundraising $0

  • 11g · Fees: other

    total $144,199 · program services $60,943 · management and general $83,256 · fundraising $0

  • 12 · Advertising and promotion

    total $27,819 · program services $27,819 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $87,356 · program services $69,401 · management and general $4,695 · fundraising $13,260

  • 14 · Information technology

    total $51,483 · program services $32,966 · management and general $12,388 · fundraising $6,129

  • 16 · Occupancy

    total $319,212 · program services $311,859 · management and general $4,715 · fundraising $2,638

  • 17 · Travel

    total $13,903 · program services $9,688 · management and general $3,524 · fundraising $691

  • 22 · Depreciation, depletion and amortization

    total $553,121 · program services $503,340 · management and general $49,781 · fundraising $0

  • 23 · Insurance

    total $23,092 · program services $15,165 · management and general $7,927 · fundraising $0

  • 24a · Other expenses: Art Acquisitions

    total $200,852 · program services $200,852 · management and general $0 · fundraising $0

  • 24b · Other expenses: Programs and Exhibitions

    total $138,532 · program services $138,532 · management and general $0 · fundraising $0

  • 24c · Other expenses: Materials and Supplies

    total $26,702 · program services $26,295 · management and general $407 · fundraising $0

  • 24d · Other expenses: In Kind Contributions Utilized

    total $1,079 · program services $1,079 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $25,099 · program services $13,975 · management and general $9,405 · fundraising $1,719

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,688 · end of year $131,236

  • 2 · Savings and temporary cash investments

    beginning of year $1,121,137 · end of year $841,669

  • 3 · Pledges and grants receivable

    beginning of year $334,346 · end of year $114,133

  • 4 · Accounts receivable

    beginning of year $71,987 · end of year $101,907

  • 8 · Inventories for sale or use

    beginning of year $78,204 · end of year $75,562

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

    $23,143,621

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

    $2,631,611

  • 10c · Land, buildings and equipment, net

    beginning of year $20,994,376 · end of year $20,512,010

  • 11 · Investments: publicly traded securities

    beginning of year $7,147,234 · end of year $7,782,528

  • 15 · Other assets

    beginning of year $53,807 · end of year $23,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $118,426 · end of year $177,438

  • 19 · Deferred revenue

    beginning of year $67,238 · end of year $75,131

  • 27 · Net assets without donor restrictions

    beginning of year $22,006,822 · end of year $20,922,876

  • 28 · Net assets with donor restrictions

    beginning of year $7,733,293 · end of year $8,406,895

Mission and programs · 2023

Mission

The Asheville Art Museum Association, Inc. (the Museum) mission is to engage, enlighten and inspire individuals and enrich the community through dynamic experiences in American Art of the 20th and 21st centuries.

Activities or mission (Part I)

The mission of the Asheville Art Museum Association, Inc. is to engage, enlighten and inspire individuals and enrich the community through dynamic experiences in American Art of the 20th and 21st centuries.

  • Established by artists and incorporated in 1948, Asheville Art Museum (the Museum) is committed to being a vital force in the community and individual development and to providing life-long opportunities for education and enrichment through the visual arts. The Museum has established its expertise in the collection, preservation, and interpretation of American art beginning in the 20th century and making innovative and outstanding exhibition experiences available to residents and visitors to WNC. The Museum preserves important aspects of our national and regional heritage through strategic collecting and conscientious stewardship of great works of art.

    Expenses $2,563,951 · Revenue $761,473

  • In FY23/24, the Museum served 64,060 participants including 7,971 children through educational programs and presented 16 onsite and 6 digital exhibitions drawing from its own Collection and borrowed works. The Museum curates exhibitions and programs focusing on themes of contemporary interest and invites internationally acclaimed artists, scholars, and educators to contribute their skills. The Museum provides vital and otherwise unavailable cultural and educational services to adults and children of all ages including school and adult tours, teacher training, classes and workshops for adults and children, films, book club, artist talks, as well as volunteer and entertainment experiences. Arts-based educational programming is an important focus, and every year the Museum provides visual arts programming to audiences of all ages through a diverse range of Museum programming and activities, including outreach educational programs, group tours for K-12 groups, adults, and families, family days, after-school programs, and more. Returning arts programming to the schools, coupled with integrating the arts into the exploration of academic disciplines such as math, social studies, and visual literacy has been shown to improve critical thinking, performance, lifelong learning, and success. Strong and long-standing Museum partners include institutions throughout the region serving pre-kindergarten students through older adults. Museum programs offer access to the visual arts to at-risk, low-income youth from across WNC.

  • The Museums Collection and special exhibitions are central to its educational programs and are used daily throughout the year by audiences of all ages from preschoolers to older adults. Without the Museums programs, many of the school districts across WNC would have little or no art classes/curricula due to budget constraints. The Museum takes a leadership role in making its Collection and exhibitions as accessible as possible, both physically and intellectually. These important resources engage urban and rural residents including many retirees, educators, and artists who find original works of art have significance to their daily lives.

As filed on the 2023 return.

Listed in Part VII

  • Pamela Myers

    Executive Director

    Total calculated
    $178,939
    From this org
    $167,866
    From related orgs
    $0
    Other
    $11,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,866
    Bonus
    $0
    Other
    $0
    Deferred
    $6,800
    Nontaxable benefits
    $4,273
    Filer's total
    $178,939

  • Paul Lentz Saenger

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Paula Dawkins

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Karen Praytor

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Julia Peterson

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Herbert Butch Patrick

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Robert Benites

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tami Bebber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris Cavanaugh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rose Chambers

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Coward

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Betsy Cunagin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rufus Dollar

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tyler Emerson-Dorsch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joey Gigliotti

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lei Han

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • George Stowe

    Trustee

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 July 2025
IRS schema version
2023v6.0
Source object
202511909349301406

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