Museum Of Art Of Ogunquit
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Ogunquit, ME
- Founding
- 07/1958
- Data as of
- 12/2021
- EIN
- 01-6010628
Organization Overview
Museum Of Art Of Ogunquit is located in Ogunquit, ME. The organization was established in 1958. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of Art Of Ogunquit employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Art Of Ogunquit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Museum Of Art Of Ogunquit generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $861.3k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OGUNQUIT MUSEUM OF AMERICAN ART ENGAGES AND EDUCATES A DIVERSE AUDIENCE BY COLLECTING, EXHIBITING, PRESERVING AND INTREPRETING AMERICAN ART FROM THE 19TH CENTURY TO THE PRESENT. THE MUSEUM INCORPORATES ITS UNIQUE ARTISTIC HERITAGE AND SETTING TO ENHANCE THE VISITORS ENJOYMENT AND UNDERSTANDING OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM DISPLAYS AND PRESERVES MODERN AND CONTEMPORARY AMERICAN ART OF ALL MEDIUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Benefield Board Member | Trustee | 1 | $0 |
Carol Leary President | Trustee | 4 | $0 |
Ashley Benecchi Board Member | Trustee | 1 | $0 |
Chris Caraviello Board Member | Trustee | 1 | $0 |
Allyson M Cavaretta Secretary | Trustee | 2 | $0 |
Pamela Sawyer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $155,365 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,692 |
| All other contributions, gifts, grants, and similar amounts not included above | $469,244 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $726,301 |
| Total Program Service Revenue | $148,018 |
| Investment income | $25,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,682 |
| Net Income from Fundraising Events | $131,323 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,531 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,240,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,706 |
| Compensation of current officers, directors, key employees. | $103,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,205 |
| Payroll taxes | $33,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,862 |
| Fees for services: Accounting | $38,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,485 |
| Fees for services: Other | $458 |
| Advertising and promotion | $13,496 |
| Office expenses | $47,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,856 |
| Travel | $876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,242 |
| Insurance | $25,784 |
| All other expenses | $34,253 |
| Total functional expenses | $861,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,264 |
| Savings and temporary cash investments | $150,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,655 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,493 |
| Prepaid expenses and deferred charges | $4,186 |
| Net Land, buildings, and equipment | $548,717 |
| Investments—publicly traded securities | $1,456,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $476,457 |
| Total assets | $3,324,529 |
| Accounts payable and accrued expenses | $33,071 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $182,971 |
| Net assets without donor restrictions | $2,265,742 |
| Net assets with donor restrictions | $875,816 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,324,529 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Museum Of Art Of Ogunquit has recieved totaling $88,005.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE ANNUAL FUND; TO SUPPORT THE OVERLOOK PROJECT | $62,000 |
Davis Family Foundation Yarmouth, ME PURPOSE: Windows to the Future | $25,000 |
Crawford Foundation 23-10371 Boston, MA PURPOSE: GENERAL PURPOSE | $500 |
Paul M Weissman Family Foundation Inc White Plains, NY PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE THE DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS. | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $618,841 |
| Earnings | $51,990 |
| Net Contributions | $5,168 |
| Other Expense | $18,581 |
| Ending Balance | $657,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Museum Of Art Portland, ME | $75,826,769 | $10,432,428 |
Currier Museum Of Art Manchester, NH | $107,852,000 | $12,269,054 |
William A Farnsworth Library And Art Museum Inc Rockland, ME | $32,899,602 | $4,207,535 |
Museum Of Art Of Ogunquit Ogunquit, ME | $3,324,529 | $1,240,153 |
3s Contemporary Arts Space Inc Portsmouth, NH | $1,725,816 | $822,609 |
Center For Maine Contemporary Art Rockland, ME | $5,667,263 | $852,628 |
Wendell Gilley Museum Of Bird Carving The Southwest Harbor, ME | $5,580,389 | $1,068,876 |
Ellis-Beauregard Foundation Rockland, ME | $11,503,851 | $1,367,846 |
Journeys In Education Inc Peterborough, NH | $70,652 | $313,577 |
Ashley Bryan Center Islesford, ME | $482,910 | $87,814 |
Ogunquit Arts Collaborative Ogunquit, ME | $788,122 | $219,301 |
Deer Isle Artists Association Deer Isle, ME | $77,825 | $0 |