Favell Museum Inc
- Assets
- $5.6m
- Revenue
- $284.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Klamath Falls, OR
- Founding
- 03/2004
- Data as of
- 12/2020
- EIN
- 20-0524744
Organization Overview
Favell Museum Inc is located in Klamath Falls, OR. The organization was established in 2004. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Favell Museum 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 12/2020, Favell Museum Inc generated $284.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $296.0k 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 Program Activity:
THE CORPORATION IS A MUSEUM WHICH PROVIDES EDUCATIONAL, SCIENTIFIC AND LITERARY WORKS OF ART HAVING CULTURAL, ARCHAEOLOGICAL AND ANTHROPOLOGICAL SIGNIFICANCE TO THE PUBLIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Calvert President | 1 | $0 | |
Nancy Wendt Vice-President | 1 | $0 | |
Laura Pulley Treasurer | 1 | $0 | |
Janann Loetscher Executive Director | 40 | $0 | |
Judy Phearson Secretary | 1 | $0 | |
Wayne Snoozy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $184,955 |
| Interest on Savings | $5 |
| Dividends & Interest | $623 |
| Net Rental Income | $4,514 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,040 |
| Other Income | $93,231 |
| Total Revenue | $284,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $108,376 |
| Pension plans, employee benefits | $0 |
| Interest | $3,510 |
| Taxes | $9,370 |
| Depreciation | $35,221 |
| Occupancy | $30,020 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $791 |
| Other expenses | $92,918 |
| Total operating and administrative expenses | $295,984 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $295,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,262 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $82,316 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $989,449 |
| Other assets | $4,485,743 |
| Total assets | $5,553,246 |
| Accounts payable and accrued expenses | $643 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $107,493 |
| Other liabilities | $0 |
| Total liabilities | $108,136 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Favell Museum Inc has recieved totaling $106,000.
| Awarding Organization | Amount |
|---|---|
Wendt Family Foundation Klamath Falls, OR PURPOSE: OPERATIONS | $48,000 |
Klamath Defender Services Inc Klamath Falls, OR PURPOSE: GENERAL SUPPORT | $20,000 |
Oregon Community Foundation Portland, OR PURPOSE: Visual Arts | $20,000 |
Ford Family Foundation Roseburg, OR PURPOSE: KA'ILA FARRELL-SMITH RETROSPECTIVE 2014-2018 | $10,000 |
James F And Marion L Miller Foundation Portland, OR PURPOSE: GENERAL OPERATING SURPPORT 20202021 | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Asian Art Museum Foundation Of San Francisco San Francisco, CA | $256,031,716 | $41,593,816 |
Seattle Art Museum Seattle, WA | $355,978,957 | $41,617,097 |
Armand Hammer Museum Of Art And Cultural Center Inc Los Angeles, CA | $286,371,378 | $27,039,549 |
Portland Art Museum Portland, OR | $150,113,696 | $27,542,215 |
The Broad Los Angeles, CA | $573,557,667 | $36,313,761 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
San Diego Museum Of Art San Diego, CA | $78,902,831 | $13,995,818 |
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |
Santa Barbara Museum Of Art Santa Barbara, CA | $142,171,274 | $22,074,169 |
Museum Of Contemporary Art San Diego San Diego, CA | $162,622,820 | $13,720,273 |