Bechtler Collection Preservationfoundation
- Assets
- $20.4m
- Revenue
- $166.0k
- Investments
- $20.4m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 20-5698834
Organization Overview
Bechtler Collection Preservationfoundation is located in Charlotte, NC. The organization was established in 2008. 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. Bechtler Collection Preservationfoundation 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 06/2022, Bechtler Collection Preservationfoundation generated $166.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $205.0k during the year ending 06/2022. While expenses have increased by 2.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FULFILLING ITS EXEMPT PURPOSE, THE FOUNDATION HOLDS LEGAL TITLE TO OVER 1,300 PIECES OF ART VALUED IN EXCESS OF $20 MILLION. THE PRIMARY OBLIGATION OF THE FOUNDATION IS TO PROVIDE 100% OF THE COLLECTION TO THE CITY OF CHARLOTTE. UNDER THE "ART COLLECTION AGREEMENT" OF 9/11/2006 FOR EXHIBITION AND STORAGE IN THE MUSEUM WHICH OPENED JANUARY 2010.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andreas H Bechtler Director | 5 | $0 | |
Robert S Lilien Director And Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $166,005 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $15 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $205,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,806 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $27,613 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,384,714 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,419,133 |
| Accounts payable and accrued expenses | $261,501 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $261,501 |