Brattleboro Museum And Art Center Inc
- Assets
- $4.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Brattleboro, VT
- Founding
- 02/1968
- Data as of
- 09/2021
- EIN
- 03-6016116
Organization Overview
Brattleboro Museum And Art Center Inc is located in Brattleboro, VT. The organization was established in 1968. 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 09/2021, Brattleboro Museum And Art Center Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brattleboro Museum And Art Center Inc 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 09/2021, Brattleboro Museum And Art Center Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $787.5k during the year ending 09/2021. While expenses have increased by 10.8% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BRATTLEBORO MUSEUM & ART CENTER IS A NONPROFIT ORGANIZATION FOUNDED IN 1972, WITH A MISSION TO ILLUMINATE ART AND IDEAS IN WAYS THAT INSPIRE, INFORM, AND CONNECT PEOPLE FROM ALL WALKS OF LIFE.
Describe the Organization's Program Activity:
PRESENTED 20 CONTEMPORARY ART EXHIBITS AND 71 IN-PERSON OR VIRTUAL CULTURAL EVENTS. HOSTED 34 SCHOOL GROUPS AT THE MUSEUM AND LED 10 IN-SCHOOL ART EDUCATION SESSIONS FOR STUDENTS IN GRADES PRE-K THROUGH 12. TOTAL VISITORS AND PROGRAM PARTICIPANTS = 10,776. (SCHOOL GROUPS AND TOTAL PROGRAM PARTICIPANTS APPROX. 30% BELOW NORMAL DUE TO COVID-19 RESTRICTIONS.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Gagne Treasurer | OfficerTrustee | 2 | $0 |
Christina Hebert President | OfficerTrustee | 2 | $0 |
Susan Mcmahon Vice Preside | OfficerTrustee | 2 | $0 |
Christopher Sink Secretary | OfficerTrustee | 2 | $0 |
Margaret Everitt Trustee | Trustee | 1 | $0 |
Steve Heim Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,141,011 |
| Noncash contributions included in lines 1a–1f | $39,782 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,297,407 |
| Total Program Service Revenue | $24,256 |
| Investment income | $46,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,790 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,992 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,398,686 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,637 |
| Pension plan accruals and contributions | $3,289 |
| Other employee benefits | $8,043 |
| Payroll taxes | $13,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,885 |
| Advertising and promotion | $0 |
| Office expenses | $21,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,244 |
| Travel | $142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,194 |
| Insurance | $7,901 |
| All other expenses | $41,882 |
| Total functional expenses | $787,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,977 |
| Savings and temporary cash investments | $610,469 |
| Pledges and grants receivable | $625,617 |
| Accounts receivable, net | $46,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,308 |
| Prepaid expenses and deferred charges | $9,162 |
| Net Land, buildings, and equipment | $954,332 |
| Investments—publicly traded securities | $995,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $706,935 |
| Total assets | $4,313,770 |
| Accounts payable and accrued expenses | $84,329 |
| Grants payable | $0 |
| Deferred revenue | $223,975 |
| 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 | $333,531 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,625 |
| Total liabilities | $648,460 |
| Net assets without donor restrictions | $1,752,459 |
| Net assets with donor restrictions | $1,912,851 |
| 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 | $4,313,770 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brattleboro Museum And Art Center Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Mckenzie Fam Charitable Tr Putney, VT PURPOSE: PROGRAM SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $528,555 |
| Earnings | $141,364 |
| Net Contributions | $350,000 |
| Other Expense | -$24,274 |
| Ending Balance | $995,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |