Allentown Art Museum
- Assets
- $26.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 45
- Location
- Allentown, PA
- Founding
- 07/1946
- Data as of
- 06/2022
- 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 06/2022, Allentown Art Museum employed 45 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 06/2022, Allentown Art Museum generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. 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
2022
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 | OfficerTrustee | 40 | $141,902 |
Thomas J Scalici Assistant Tr | OfficerTrustee | 2 | $0 |
Michelle R Stringer Chair | OfficerTrustee | 5 | $0 |
Carolyn P Stennett Vice Chair | OfficerTrustee | 2 | $0 |
Susan Gadomski Secretary | OfficerTrustee | 2 | $0 |
Alexander Torok Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $431,914 |
| Related organizations | $0 |
| Government grants | $70,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,435,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,936,981 |
| Total Program Service Revenue | $24,667 |
| Investment income | $266,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $492,045 |
| Net Income from Fundraising Events | -$79,961 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,690,697 |
| 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. | $155,226 |
| Compensation of current officers, directors, key employees. | $31,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,155,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,235 |
| Payroll taxes | $106,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,427 |
| Fees for services: Other | $29,399 |
| Advertising and promotion | $12,568 |
| Office expenses | $21,514 |
| Information technology | $86,800 |
| Royalties | $0 |
| Occupancy | $272,654 |
| Travel | $15,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,773 |
| All other expenses | $47,324 |
| Total functional expenses | $2,873,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,008,636 |
| Pledges and grants receivable | $8,600 |
| Accounts receivable, net | $55,980 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,321 |
| Prepaid expenses and deferred charges | $585,752 |
| Net Land, buildings, and equipment | $10,383,971 |
| Investments—publicly traded securities | $11,124,522 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,348,377 |
| Total assets | $26,548,159 |
| Accounts payable and accrued expenses | $182,743 |
| 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 | $1,532,702 |
| Other liabilities | $0 |
| Total liabilities | $1,715,445 |
| Net assets without donor restrictions | $9,277,964 |
| Net assets with donor restrictions | $15,554,750 |
| 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 | $26,548,159 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Allentown Art Museum has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Amaranth Foundation Philadelphia, PA PURPOSE: GENERAL PURPOSE | $15,500 |
Endowment Analysis
| Beg. Balance | $12,614,872 |
| Earnings | -$1,669,405 |
| Net Contributions | $9,203 |
| Other Expense | $713,816 |
| Ending Balance | $10,240,854 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
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 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
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 |
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 |