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Nonprofiteer
← GRAHAM GUND GALLERY

Form 990 for tax year 2023

Filed by GRAHAM GUND GALLERY.

Totals

Total revenue
$2,780,134
Total expenses
$1,766,154
Contributions and grants received
$2,369,281
Grants paid
$0
Program service revenue
$16,034
Investment income
$394,819
Other revenue
$0
Total assets, end of year
$10,275,480
Total liabilities, end of year
$42,910
Net assets or fund balances, end of year
$10,232,570
Program services expenses (Part IX)
$1,574,783
Management and general expenses
$154,598
Fundraising expenses
$36,773
Program service expenses (Part III)
$1,574,783

Program services were 89.2% 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

    $1,856,239

  • 1e · Government grants (contributions)

    $31,251

  • 1f · All other contributions, gifts and grants

    $481,791

  • 1g · Noncash contributions included above

    $30,204

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

    total $16,034 · related or exempt $16,034

  • 3 · Investment income

    total $75,264 · excluded $75,264

  • 7a · Gross sales of assets other than inventory

    securities $319,555

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

    securities $0

  • 7c · Gain or loss

    securities $319,555

  • 7d · Net gain or loss

    total $319,555 · excluded $319,555

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $232,173 · program services $162,521 · management and general $34,826 · fundraising $34,826

  • 7 · Other salaries and wages

    total $438,715 · program services $438,715

  • 8 · Pension plan contributions

    total $24,454 · program services $24,454

  • 9 · Other employee benefits

    total $82,242 · program services $82,242

  • 10 · Payroll taxes

    total $42,352 · program services $38,458 · management and general $1,947 · fundraising $1,947

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $386,215 · program services $386,215

  • 13 · Office expenses

    total $75,587 · program services $75,587

  • 14 · Information technology

    total $10,517 · program services $10,517

  • 17 · Travel

    total $155,746 · program services $41,536 · management and general $114,210

  • 24a · Other expenses: POSTAGE & SHIPPING

    total $116,386 · program services $116,386

  • 24b · Other expenses: FEES & HONORARIA

    total $87,118 · program services $87,118

  • 24c · Other expenses: ART COLLECTION ACQUISIT

    total $40,000 · program services $40,000

  • 24d · Other expenses: EQUIP&FURNITURE

    total $17,115 · program services $17,115

  • 24e · All other expenses

    total $54,934 · program services $53,919 · management and general $1,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,112,879 · end of year $1,934,921

  • 3 · Pledges and grants receivable

    beginning of year $114,607 · end of year $105,505

  • 4 · Accounts receivable

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

  • 11 · Investments: publicly traded securities

    beginning of year $6,374,978 · end of year $8,201,397

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,123 · end of year $42,910

  • 27 · Net assets without donor restrictions

    beginning of year $11,093 · end of year $39,264

  • 28 · Net assets with donor restrictions

    beginning of year $8,610,905 · end of year $10,193,306

Mission and programs · 2023

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 $1,574,783 · Revenue $16,034

As filed on the 2023 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

  • Kim Davidson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samie Falvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Goldberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregory V Gooding

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Graham Gund

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Halley K Harrisburg

    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

  • Stewart Peck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronald Pizzuti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Betson Resnik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Rosenthal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Timothy Whealon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daisy Desrosiers

    DIRECTOR AND CHIEF CURATOR

    Total calculated
    $244,344
    From this org
    $198,391
    From related orgs
    $0
    Other
    $45,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,391
    Bonus
    $0
    Other
    $0
    Deferred
    $32,069
    Nontaxable benefits
    $13,884
    Filer's total
    $244,344

  • Julie Kornfeld

    PRESIDENT (BEG.10/23)

    Total calculated
    $190,265
    From this org
    $0
    From related orgs
    $161,683
    Other
    $28,582
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,841 related
    Bonus
    $0
    Other
    $0 + $15,842 related
    Deferred
    $0 + $14,250 related
    Nontaxable benefits
    $0 + $14,332 related
    Filer's total
    $0 + $190,265 related

  • Jeff Bowman

    ACTING PRESIDENT (THROUGH 9/23)

    Total calculated
    $389,175
    From this org
    $0
    From related orgs
    $343,934
    Other
    $45,241
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,934 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,350 related
    Nontaxable benefits
    $0 + $13,891 related
    Filer's total
    $0 + $389,175 related

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.

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
2023
Filed
3 May 2025
IRS schema version
2023v6.0
Source object
202501329349304325

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