Allentown Art Museum
- Assets
- $28.1m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 49
- Location
- Allentown, PA
- Founding
- 07/1946
- Data as of
- 06/2024
- EIN
- 23-1548101
Organization Overview
Allentown Art Museum is located in Allentown, PA. The organization was established in 1946. 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 06/2024, Allentown Art Museum employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allentown Art Museum 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 06/2024, Allentown Art Museum generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.0m during the year ending 06/2024. While expenses have increased by 0.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS, COLLECTIONS, CURATORIAL AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Weintraub CEO | Officer | 40 | $157,140 |
Michelle R Stringer Chair | OfficerTrustee | 5 | $0 |
Jamie P Musselman Vice Chair | OfficerTrustee | 2 | $0 |
Chris Bernecker Vice Chair | OfficerTrustee | 2 | $0 |
Nancy Odorski Secretary | OfficerTrustee | 2 | $0 |
Thomas Scalici Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $384,399 |
| Related organizations | $0 |
| Government grants | $162,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,119,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,665,741 |
| Total Program Service Revenue | $0 |
| Investment income | $391,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $415,894 |
| Net Income from Fundraising Events | -$71,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,147 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,453,618 |
| 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. | $159,418 |
| Compensation of current officers, directors, key employees. | $31,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,276,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,738 |
| Payroll taxes | $119,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $26,131 |
| Advertising and promotion | $9,750 |
| Office expenses | $30,557 |
| Information technology | $65,735 |
| Royalties | $0 |
| Occupancy | $293,704 |
| Travel | $45,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $45,706 |
| All other expenses | $52,234 |
| Total functional expenses | $2,957,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,055,218 |
| Pledges and grants receivable | $16,000 |
| Accounts receivable, net | $57,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,765 |
| Prepaid expenses and deferred charges | $797,293 |
| Net Land, buildings, and equipment | $10,189,245 |
| Investments—publicly traded securities | $12,406,499 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,552,399 |
| Total assets | $28,105,002 |
| Accounts payable and accrued expenses | $123,725 |
| 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 | $1,448,073 |
| Other liabilities | $0 |
| Total liabilities | $1,571,798 |
| Net assets without donor restrictions | $9,343,996 |
| Net assets with donor restrictions | $17,189,208 |
| 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 | $28,105,002 |