Erie Art Museum
- Assets
- $7.9m
- Revenue
- $744.7k
- Investments
- $830.0k
- Employees
- 14
- Location
- Erie, PA
- Founding
- 04/1985
- Data as of
- 06/2021
- EIN
- 25-1196748
Organization Overview
Erie Art Museum is located in Erie, PA. The organization was established in 1985. 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 06/2021, Erie Art Museum employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erie 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 06/2021, Erie Art Museum generated $744.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $698.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM PROMOTES VISUAL ARTS AND BUILDS COMMUNITY THROUGH EXHIBITIONS, CLASSES, AND PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - ERIE ART MUSEUM MAINTAINS AN ACTIVE PROGRAM OF CHANGING AND PERMANENT EXHIBITS WHICH PRESENT ART FROM AROUND THE WORLD, THE WORK OF INTERNATIONAL, NATIONAL AND REGIONAL ARTISTS. THE EXHITIBS ARE DRAWN FROM THE MUSEUM'S COLLECTIONS, AND FROM LOANS BY ARTISTS AND OTHER INSTITUTIONS AND COLLECTORS. THEY SPAN CULTURES AND TIME PERIODS, AND ARE AIMED AT ENCOURAGING DIALOGUE AND UNDERSTANDING AMONG VIEWERS. THEY ARE SUPPLEMENTED BY EDUCATIONAL PROGRAMMING, INCLUDING GALLERY TALKS AND LECTURES, PANEL DISCUSSIONS, FILMS, AND OTHER PRESENTATIONS DEALING WITH THE IDEAS EXPRESSED IN THE EXHIBITIONS.
EDUCATION - THE MUSEUM'S EDUCATION PROGRAM ENCOURAGES LIFELONG LEARING IN THE GENERAL PUBLIC THROUGH A VARIETY OF PROGRAM OFFERINGS, INCLUDING STUDIO ART CLASSES, WORKSHOPS, LECTURES, GUIDED TOURS, AND PROJECTS THAT OFFER THE PUBLIC ART-MAKING OPPORTUNITIES. STUDIO ART CLASSES TAUGHT BY PROFESSIONAL ARTISTS OFFER BEGINNERS AND AMATEURS AN OPPORTUNITY TO CREATE ART IN A NURTURING ENVIRONMENT WITH QUALITY INSTRUCTION. THE EDUCATION PROGRAM SPECIFICALLY ADDRESSES PRESCHOOL THROUGH HIGHSCHOOL TEACHERS THROUGH IN-SERVICE AND PROFESSIONAL DEVELOPMENT PROGRAMS. THE MUSEUM HOSTS INTERNS FROM ALL OVER THE UNITED STATES AND BEYOND IN AN APPLIED LEARNING SITUATION THAT ENABLES STUDENTS TO EXPERIENCE THE REAL-WORLD APPLICATION OF THEIR ACADEMIC LEARNING THROUGH PARTICIPATION IN MUSEUM PROGRAMMING. THE MUSEUM WORKS WITH A CONSORTIUM OF COLLABORATORS TO OFFER TRAINING FOR PRE-SCHOOL TEACHERS THAT ENCOURAGES THE REGULAR USE OF SONG AND DANCE IN EARLY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Domencic Execuitive Director | OfficerTrustee | 37.5 | $38,019 |
Andona Zacks-Jordan Board President | OfficerTrustee | 1 | $0 |
Jay Shaffer Treasurer | OfficerTrustee | 1 | $0 |
Matt Levy Vice President | Trustee | 1 | $0 |
Mary Elizabeth Meier Director | Trustee | 1 | $0 |
Matt Allen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,127 |
| Total Program Service Revenue | $54,401 |
| Investment income | $4,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,100 |
| Net Gain/Loss on Asset Sales | $30,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,298 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $744,662 |
| 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. | $38,019 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,729 |
| Payroll taxes | $23,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,031 |
| Fees for services: Other | $440 |
| Advertising and promotion | $12,266 |
| Office expenses | $10,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,707 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,439 |
| Insurance | $22,209 |
| All other expenses | $19,336 |
| Total functional expenses | $698,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,574 |
| Savings and temporary cash investments | $485,397 |
| Pledges and grants receivable | $219,895 |
| Accounts receivable, net | $11,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,219 |
| Prepaid expenses and deferred charges | $23,653 |
| Net Land, buildings, and equipment | $6,242,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $829,957 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,946,984 |
| Accounts payable and accrued expenses | $9,821 |
| Grants payable | $0 |
| Deferred revenue | $100,926 |
| 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 | $278,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $388,873 |
| Net assets without donor restrictions | $6,556,292 |
| Net assets with donor restrictions | $1,001,819 |
| 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 | $7,946,984 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Erie Art Museum has recieved totaling $241,597.
| Awarding Organization | Amount |
|---|---|
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $216,523 |
Britton Family Foundation Erie, PA PURPOSE: UNRESTRICTED | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Endowment Analysis
| Beg. Balance | $676,247 |
| Earnings | $189,377 |
| Admin Expense | $8,031 |
| Other Expense | $27,636 |
| Ending Balance | $829,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Henry Francis Du Pont Winterthur Museum Inc Winterthur, DE | $381,564,161 | $38,612,720 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
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 |