Nassau County Museum Of Art
- Assets
- $5.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 42
- Location
- roslyn harbor, NY
- Founding
- 03/1994
- Data as of
- 12/2020
- EIN
- 11-2949583
Organization Overview
Nassau County Museum Of Art is located in roslyn harbor, NY. The organization was established in 1994. 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, Nassau County Museum Of Art employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nassau County Museum Of Art 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 12/2020, Nassau County Museum Of Art generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM'S MISSION IS TO ENCOURAGE AND PROMOTE THE APPRECIATION OF FINE ART TO PEOPLE IN ITS SURROUNDING COMMUNITIES AND BEYOND.
Describe the Organization's Program Activity:
TO PROVIDE VARIOUS EXHIBITIONS OF MAJOR ARTISTS, EDUCATIONAL PROGRAMS AND EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Riley Executive Dir. | Officer | 35 | $99,615 |
Frank Castagna Exec. Vice Pres | OfficerTrustee | 1 | $0 |
Arthur S Levine Vice President | OfficerTrustee | 1 | $0 |
William Achenbaum Treasurer | OfficerTrustee | 1 | $0 |
Angela Susan Anton President | OfficerTrustee | 1 | $0 |
Maryann Franzella ESQ Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $182,182 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $772,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,256,144 |
| Total Program Service Revenue | $230,933 |
| Investment income | $145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $78,167 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$43 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,654 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,597,085 |
| 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. | $99,616 |
| Compensation of current officers, directors, key employees. | $12,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $820,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,624 |
| Payroll taxes | $69,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,320 |
| Office expenses | $53,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,384 |
| Insurance | $80,208 |
| All other expenses | $62,805 |
| Total functional expenses | $2,130,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,350 |
| Net Land, buildings, and equipment | $5,073,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,537 |
| Total assets | $5,415,855 |
| Accounts payable and accrued expenses | $368,257 |
| Grants payable | $0 |
| Deferred revenue | $82,093 |
| 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 | $231,515 |
| Other liabilities | $150,000 |
| Total liabilities | $831,865 |
| Net assets without donor restrictions | $4,527,655 |
| Net assets with donor restrictions | $56,335 |
| 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 | $5,415,855 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Nassau County Museum Of Art has recieved totaling $169,849.
| Awarding Organization | Amount |
|---|---|
Milton And Sally Avery Arts Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $60,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $37,500 |
Fiscal Philatelic Foundation Inc Mineola, NY PURPOSE: UNRESTRICTED | $11,632 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Dubose & Dorothy Heyward Memorial Fund Pittsburgh, PA PURPOSE: GENERAL OPERATING | $10,000 |
Carol & Arnold Wolowitz Foundation Inc Hauppauge, NY PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $6,000 |
Endowment Analysis
| Beg. Balance | $3,338 |
| Other Expense | $8 |
| Ending Balance | $3,330 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |