Bruce Museum Inc
- Assets
- $87.5m
- Revenue
- $14.1m
- Investments
- $4.4m
- Employees
- 50
- Location
- Greenwich, CT
- Founding
- 01/1971
- Data as of
- 06/2022
- EIN
- 23-7105904
Organization Overview
Bruce Museum Inc is located in Greenwich, CT. The organization was established in 1971. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Bruce Museum Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bruce 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 06/2022, Bruce Museum Inc generated $14.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $5.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BRUCE MUSEUM'S EXHIBITIONS AND EDUCATIONAL PROGRAMS ADVANCE THE UNDERSTANDING OF ART AND SCIENCE.
Describe the Organization's Program Activity:
THE BRUCE MUSEUM OFFERED A VARIETY ART AND SCIENCE EXHIBITIONS IN 2021-2022 THAT EDUCATED AND ENGAGED OUR DIVERSE, COMMUNITY AUDIENCE. EACH EXHIBITION FEATURED WORLD-CLASS ART, OBJECTS AND ARTIFACTS THAT FOCUSED ON THE NEEDS AND INTERESTS OF OUR VISITORS AND OUR SURROUNDING COMMUNITY. SEE SCHEDULE O FOR A LIST OF THE EXHIBITIONS THAT TOOK PLACE IN 2021-2022.
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 |
|---|---|---|---|
James B Lockhart III Chairman Of Board | OfficerTrustee | 7.5 | $0 |
William Deutsch Vice Chair | OfficerTrustee | 1 | $0 |
Simone Mcentire Vice Chair | OfficerTrustee | 1 | $0 |
Heidi B Smith Vice Chair | OfficerTrustee | 1 | $0 |
Rebecca Gillan Vice Chair | OfficerTrustee | 1 | $0 |
Charles M Royce Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turner Construction Construction Services | 6/29/22 | $13,353,979 |
Nst Systems Inc It Services | 6/29/22 | $213,518 |
Fabrique Website Design Services | 6/29/22 | $174,670 |
Universal Services Associates Inc Construction Services | 6/29/22 | $265,065 |
Eskew Dumez Ripple Architectural Services | 6/29/22 | $620,798 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $367,849 |
| Fundraising events | $309,490 |
| Related organizations | $0 |
| Government grants | $1,647,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,816,528 |
| Noncash contributions included in lines 1a–1f | $1,856,481 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,141,247 |
| Total Program Service Revenue | $114,915 |
| Investment income | $1,428,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,000 |
| Net Gain/Loss on Asset Sales | $327,466 |
| Net Income from Fundraising Events | $75,482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,274 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,130,265 |
| 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. | $371,206 |
| Compensation of current officers, directors, key employees. | $24,336 |
| Compensation to disqualified persons | $125,000 |
| Other salaries and wages | $2,136,396 |
| Pension plan accruals and contributions | $104,324 |
| Other employee benefits | $384,446 |
| Payroll taxes | $219,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,370 |
| Fees for services: Accounting | $59,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $110,000 |
| Fees for services: Investment Management | $133,429 |
| Fees for services: Other | $309,224 |
| Advertising and promotion | $62,313 |
| Office expenses | $425,444 |
| Information technology | $201,354 |
| Royalties | $0 |
| Occupancy | $210,912 |
| Travel | $33,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,632 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,010 |
| Insurance | $33,792 |
| All other expenses | $0 |
| Total functional expenses | $5,579,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $859,670 |
| Savings and temporary cash investments | $1,697,604 |
| Pledges and grants receivable | $10,079,928 |
| 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 | $6,257 |
| Prepaid expenses and deferred charges | $115,297 |
| Net Land, buildings, and equipment | $2,945,968 |
| Investments—publicly traded securities | $22,347,747 |
| Investments—other securities | $4,436,233 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,991,130 |
| Total assets | $87,479,834 |
| Accounts payable and accrued expenses | $7,364,446 |
| Grants payable | $0 |
| Deferred revenue | $92,535 |
| 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 | $3,000,000 |
| Other liabilities | $0 |
| Total liabilities | $10,456,981 |
| Net assets without donor restrictions | $6,341,125 |
| Net assets with donor restrictions | $70,681,728 |
| 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 | $87,479,834 |