Bainbridge Island Museum Of Art
- Assets
- $19.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 46
- Location
- Bainbridge Island, WA
- Founding
- 11/2009
- Data as of
- 12/2020
- EIN
- 27-0183255
Organization Overview
Bainbridge Island Museum Of Art, operating under the name Bima, is located in Bainbridge Island, WA. The organization was established in 2009. 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 12/2021, Bima employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bima 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 12/2020, Bima generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 4.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
BAINBRIDGE ISLAND MUSEUM OF ART INSPIRES CURIOSITY, WONDER AND UNDERSTANDING BY CONNECTING PEOPLE WITH THE CONTEMPORARY ART AND CRAFT OF THE PUGET SOUND REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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 |
|---|---|---|---|
Hughes Sheila Executive Director | OfficerTrustee | 40 | $182,000 |
Robinson Greg Chief Curator | 40 | $131,673 | |
Quitslund Dana Vice President | OfficerTrustee | 5 | $0 |
Castanon Paul Secretary | OfficerTrustee | 5 | $0 |
Walters Elizabeth President | OfficerTrustee | 5 | $0 |
Malatesta Chasity Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $106,595 |
| Fundraising events | $582,478 |
| Related organizations | $0 |
| Government grants | $477,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,199,702 |
| Noncash contributions included in lines 1a–1f | $41,110 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,366,024 |
| Total Program Service Revenue | $230,560 |
| Investment income | $196,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$132,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,672,018 |
| 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. | $298,664 |
| Compensation of current officers, directors, key employees. | $104,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $904,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $112,137 |
| Payroll taxes | $109,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,038 |
| Advertising and promotion | $40,582 |
| Office expenses | $17,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,532 |
| Travel | $10,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,396 |
| Insurance | $17,663 |
| All other expenses | $191,748 |
| Total functional expenses | $2,747,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,800 |
| Savings and temporary cash investments | $563,472 |
| Pledges and grants receivable | $97,993 |
| 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 | $60,116 |
| Prepaid expenses and deferred charges | $5,323 |
| Net Land, buildings, and equipment | $11,053,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,474,917 |
| Total assets | $19,171,950 |
| Accounts payable and accrued expenses | $243,619 |
| Grants payable | $0 |
| Deferred revenue | $30,119 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $273,738 |
| Net assets without donor restrictions | $14,450,480 |
| Net assets with donor restrictions | $4,447,732 |
| 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 | $19,171,950 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Bainbridge Island Museum Of Art has recieved totaling $577,338.
| Awarding Organization | Amount |
|---|---|
Yhb Charitable Endowment Inc West Hartford, CT PURPOSE: GENERAL SUPPORT | $276,500 |
Crabby Beach Foundation Lake Oswego, OR PURPOSE: TO FULFILL ORGANIZATION'S CHARITABLE PURPOSE. | $75,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: AMPLIFYING IMPACT THROUGH DIGITAL CULTURAL PROGRAMS | $66,500 |
Bainbridge Community Foundation Bainbridge Island, WA PURPOSE: GENERAL SUPPORT | $55,000 |
One Call For All Bainbridge Island, WA PURPOSE: GENERAL SUPPORT | $29,380 |
Pakis Family Foundation Phoenix, AZ PURPOSE: GENERAL SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $1,853,221 |
| Earnings | $193,086 |
| Admin Expense | $16,187 |
| Net Contributions | $370,000 |
| Ending Balance | $2,400,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust Seattle, WA | $67,990,835 | $9,421,562 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |
Flying Heritage & Combat Armor Museum Severett, WA | $57,687,450 | $4,791,140 |
Sno-King Ice Sports Kirkland, WA | $2,403,737 | $2,901,295 |
Columbia River Maritime Museum Inc Astoria, OR | $27,133,708 | $10,271,351 |
Lemay-Americas Car Museum Tacoma, WA | $51,076,971 | $3,774,944 |
Bainbridge Island Museum Of Art Bainbridge Island, WA | $19,171,950 | $2,672,018 |
Bird Aviation Museum And Invention Center Inc Coeur Dalene, ID | $2,243,329 | $40,164 |
Alutiiq Heritage Foundation Kodiak, AK | $6,297,980 | $6,482,918 |
Western Antique Aeroplane Andautomobile Museum Hood River, OR | $6,901,365 | $1,601,440 |
Northwest African American Museum Inc Seattle, WA | $2,508,685 | $2,382,834 |
George Weyerhaeuser Pacific Rim Bonsai Collection A Nonprofit Corp Federal Way, WA | $1,875,822 | $931,817 |