Totals
- Total revenue
- $4,050,864
- Total expenses
- $8,077,993
- Contributions and grants received
- $3,262,920
- Grants paid
- $755,006
- Program service revenue
- $1,510,077
- Investment income
- -$125,828
- Other revenue
- -$596,305
- Total assets, end of year
- $17,194,875
- Total liabilities, end of year
- $1,666,773
- Net assets or fund balances, end of year
- $15,528,102
- Program services expenses (Part IX)
- $5,426,518
- Management and general expenses
- $1,279,983
- Fundraising expenses
- $1,371,492
- Program service expenses (Part III)
- $5,426,518
Program services were 67.2% 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.
-
1b · Membership dues
$366,230
-
1c · Fundraising events
$575,633
-
1d · Related organizations
$115,003
-
1e · Government grants (contributions)
$580,710
-
1f · All other contributions, gifts and grants
$1,625,344
-
1g · Noncash contributions included above
$247,596
-
2a · Program service revenue: ART SCHOOL TUITION
total $1,233,233 · related or exempt $1,233,233
-
2b · Program service revenue: EDUCATION & EXHIBITS
total $276,844 · related or exempt $276,844
-
3 · Investment income
total $244,074 · excluded $244,074
-
6a · Gross rents
real property $56,296
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $56,296
-
6d · Net rental income or loss
total $56,296 · excluded $56,296
-
7a · Gross sales of assets other than inventory
securities $7,981,516
-
7b · Less cost or other basis and sales expenses
securities $8,351,418
-
7c · Gain or loss
securities -$369,902
-
7d · Net gain or loss
total -$369,902 · excluded -$369,902
-
8a · Fundraising events: gross income
$76,250
-
8a · Fundraising events: contributions included on line 1c
$575,633
-
8b · Fundraising events: direct expenses
$638,290
-
8c · Net income from fundraising events
total -$562,040 · excluded -$562,040
-
10a · Gross sales of inventory
$521,144
-
10b · Cost of goods sold
$624,421
-
10c · Net income from sales of inventory
total -$103,277 · related or exempt -$103,277
-
11a · Other revenue: OTHER INCOME
total $12,716 · related or exempt $12,716
-
11e · Other revenue, total
$12,716
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $755,006 · program services $755,006
-
5 · Compensation of officers, directors and key employees
total $555,398 · program services $329,939 · management and general $86,525 · fundraising $138,934
-
7 · Other salaries and wages
total $2,123,160 · program services $1,290,653 · management and general $319,494 · fundraising $513,013
-
8 · Pension plan contributions
total $40,934 · program services $24,925 · management and general $6,036 · fundraising $9,973
-
9 · Other employee benefits
total $174,300 · program services $104,937 · management and general $26,030 · fundraising $43,333
-
10 · Payroll taxes
total $263,253 · program services $172,917 · management and general $32,254 · fundraising $58,082
-
11b · Fees: legal
total $5,667 · management and general $5,667
-
11c · Fees: accounting
total $60,224 · program services $461 · management and general $59,763
-
11f · Fees: investment management
total $87,323 · management and general $87,323
-
11g · Fees: other
total $659,968 · program services $506,849 · management and general $97,244 · fundraising $55,875
-
12 · Advertising and promotion
total $237,158 · program services $124,497 · management and general $94,601 · fundraising $18,060
-
13 · Office expenses
total $69,522 · program services $10,780 · management and general $28,379 · fundraising $30,363
-
16 · Occupancy
total $84,134 · program services $77,734 · fundraising $6,400
-
20 · Interest
total $18,625 · program services $1,591 · management and general $16,457 · fundraising $577
-
22 · Depreciation, depletion and amortization
total $678,228 · program services $530,950 · management and general $115,482 · fundraising $31,796
-
23 · Insurance
total $251,982 · program services $210,782 · management and general $38,259 · fundraising $2,941
-
24a · Other expenses: EXHIBIT & PROGRAM EXPEN
total $697,592 · program services $586,604 · management and general $62,325 · fundraising $48,663
-
24b · Other expenses: SUPPLIES & SERVICES
total $419,405 · program services $186,913 · management and general $125,658 · fundraising $106,834
-
24c · Other expenses: EVENTS
total $294,789 · program services $21,323 · fundraising $273,466
-
24d · Other expenses: UTILITIES
total $243,856 · program services $199,382 · management and general $36,012 · fundraising $8,462
-
24e · All other expenses
total $357,469 · program services $290,275 · management and general $42,474 · fundraising $24,720
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $264,962 · end of year $228,169
-
3 · Pledges and grants receivable
beginning of year $862,483 · end of year $739,021
-
4 · Accounts receivable
beginning of year $52,108 · end of year $51,581
-
8 · Inventories for sale or use
beginning of year $48,121 · end of year $43,457
-
9 · Prepaid expenses and deferred charges
beginning of year $88,299 · end of year $231,086
-
10a · Land, buildings and equipment: cost or other basis
$16,069,170
-
10b · Land, buildings and equipment: accumulated depreciation
$7,961,662
-
10c · Land, buildings and equipment, net
beginning of year $8,698,858 · end of year $8,107,508
-
11 · Investments: publicly traded securities
beginning of year $7,510,423 · end of year $7,461,678
-
15 · Other assets
beginning of year $719,879 · end of year $332,375
-
17 · Accounts payable and accrued expenses
beginning of year $357,748 · end of year $341,626
-
19 · Deferred revenue
beginning of year $118,611 · end of year $136,220
-
23 · Secured mortgages and notes payable
beginning of year $85,086 · end of year $34,376
-
25 · Other liabilities
beginning of year $1,073,920 · end of year $1,154,551
-
27 · Net assets without donor restrictions
beginning of year $15,696,758 · end of year $14,615,092
-
28 · Net assets with donor restrictions
beginning of year $913,010 · end of year $913,010
Mission and programs · 2022
Mission
THE MUSEUM OF ART IS AN EDUCATIONAL AND CULTURAL FACILITY WHICH WAS ESTABLISHED TO PROMOTE AND ENCOURAGE THE UNDERSTANDING, ENJOYMENT, AND APPRECIATION OF FINE AND VISUAL ARTS THROUGH PERMANENT AND ROTATING EXHIBITS AND SPECIAL EVENTS. ALSO, TO DEVELOP, COORDINATE, AND ENCOURAGE THE ORGANIZATION OF FINE AND VISUAL ART ACTIVITY AND LEARNING BY GROUPS OF ALL AGES BY PROVIDING CLASSES IN VARIOUS MEDIUMS.
Activities or mission (Part I)
THE MUSEUM OF ART IS AN EDUCATIONAL AND CULTURAL FACILITY WHICH WAS ESTABLISHED TO PROMOTE AND ENCOURAGE THE UNDERSTANDING, ENJOYMENT, AND APPRECIATION OF FINE AND VISUAL ARTS.
-
THE MUSEUM'S ART SCHOOL OFFERS STUDIO INSTRUCTION IN A VARIETY OF MEDIUMS INCLUDING PAINTING, DRAWING, CERAMICS, WATERCOLOR, JEWELRY, AND PHOTOGRAPHY. THE ART SCHOOL ALSO OFFERS SUMMER YOUTH SESSIONS AS WELL AS AFTER-SCHOOL PROGRAMS AND TEEN WORKSHOPS.
Expenses $1,389,827 · Revenue $1,233,233
-
THE MUSEUM'S EDUCATIONAL PROGRAMS PROVIDE VARIED LEARNING EXPERIENCES INCLUDING SCHOOL TOURS, INTERNSHIPS, TEACHER DEVELOPMENT, LECTURES, SYMPOSIA, CONCERTS, FILM SCREENINGS, INTERGENERATIONAL PROJECTS, DOCENT TOURS, AND INFORMATIONAL OBJECT LABELS AND TEXT PANELS TO ENCOURAGE THE VISITOR'S APPRECIATION OF THE COLLECTION AND SPECIAL EXHIBITIONS.
Expenses $698,427 · Revenue $276,844
-
THE MUSEUM'S CURATORIAL DEPARTMENT TAKES EXTRAORDINARY EFFORT TO CARE AND EXHIBIT MUSEUM COLLECTIONS AND PRESENT SPECIAL EXHIBITIONS AS WELL AS OVERSEE INSTALLATIONS IN THE SCULPTURE GARDEN AND THE ART SCHOOL'S SCULPTURE PARK. IN ADDITION, THE MUSEUM'S ART IN PUBLIC PLACES INITIATIVE IS AN ONGOING PROJECT, WHICH LOANS SCULPTURES TO CIVIC AND PUBLIC VENUES.
Expenses $2,583,258 · Revenue -$90,561
-
GRANT TO BOCA MUSUM FOUNDATION, INC.
Expenses $755,006 · Grants $755,006
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jody Harrison GrassJODY HARRISON GRASS
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
John Desprez IIJOHN DESPREZ II
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Paola Luptak JakobsonPAOLA LUPTAK JAKOBSON
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gail E CohenGAIL E COHEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Daniel WolginDANIEL WOLGIN
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tamara MorgensternDR TAMARA MORGENSTERN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Dalia Pabon StillerDALIA PABON STILLER
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Doug MithunDOUG MITHUN
MEMBER-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Stacey PackerSTACEY PACKER
MEMBER-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Beth H DavisBETH H DAVIS
CHAIR APPOINTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie Clairmont ShideJULIE CLAIRMONT SHIDE
CHAIR APPOINTEE
- Total calculated
- $0
- Hours/week
- 1
-
M Adam BankierM ADAM BANKIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dennis BedleyDENNIS BEDLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marleen BrodyMARLEEN BRODY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
B Michael BuddB MICHAEL BUDD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edith SteinEDITH STEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Martin MallingerMARTIN MALLINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Zachary KirsteinZACHARY KIRSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Asa LoofASA LOOF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Karen MashkinDR KAREN MASHKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul MillerPAUL MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John TolbertJOHN TOLBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Liza WaingerLIZA WAINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marta BatmasianMARTA BATMASIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Angelo BiancoANGELO BIANCO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Renee BlattRENEE BLATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lorraine GildenLORRAINE GILDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel HostettlerDANIEL HOSTETTLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Houda SilcockHOUDA SILCOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Raul ValeroRAUL VALERO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Norman CodoNORMAN CODO
HONORARY TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jean ColkerJEAN COLKER
HONORARY TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
June GelbJUNE GELB
HONORARY TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Olive JohnsonOLIVE JOHNSON
HONORARY TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pat OhnellPAT OHNELL
HONORARY TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marlene PomeranzMARLENE POMERANZ
HONORARY TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Roberta S KjelgaardROBERTA S KJELGAARD
DIRECTOR OF DEVELOPMENT
- Total calculated
- $119,116
- From this org
- $116,198
- From related orgs
- $0
- Other
- $2,918
- Hours/week
- 40
-
Irvin LippmanIRVIN LIPPMAN
EXECUTIVE DIRECTOR
- Total calculated
- $208,548
- From this org
- $203,646
- From related orgs
- $0
- Other
- $4,902
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $203,646
- Bonus
- $0
- Other
- $0
- Deferred
- $4,902
- Nontaxable benefits
- $0
- Filer's total
- $208,548
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 · Written employment contract
- 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
-
$755,006
GENERAL SUPPORT
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.
-
501(C)(3) · SUPPORT ORGANIZATION · FL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402289349302885
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