Springfield Museum Of Art
- Assets
- $7.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Springfield, OH
- Founding
- 02/1952
- Data as of
- 12/2021
- EIN
- 31-6001642
Organization Overview
Springfield Museum Of Art is located in Springfield, OH. The organization was established in 1952. 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 12/2021, Springfield Museum Of Art employed 14 individuals. This organization is the central organization for a national or regional group of organizations. Springfield Museum Of Art 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 12/2021, Springfield Museum Of Art generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $752.7k during the year ending 12/2021. While expenses have increased by 15.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, EXHIBIT AND PRESERVE WORKS OF ART THAT INSPIRE AND EDUCATE. THROUGH ART EXHIBITIONS AND ART EDUCATION, THE MUSEUM SEEKS TO ENGAGE THE ENTIRE COMMUNITY IN THE ENJOYMENT AND APPRECIATION OF THE VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOKS AND ART FOR PUBLIC DISPLAY AND USE
ART EDUCATION AND SUPPORTING FUNCTIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessimi Jones Executive Dir. | Officer | 40 | $93,000 |
Mitchell Hurst Treasurer | OfficerTrustee | 1 | $0 |
Michael Loftis Vice President | OfficerTrustee | 1 | $0 |
Maureen Massaro President | OfficerTrustee | 1 | $0 |
Melissa Gray Hallmark Secretary | OfficerTrustee | 1 | $0 |
Jamie Mcgregor Immediate Past | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,591 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,202,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,355,714 |
| Total Program Service Revenue | $21,966 |
| Investment income | $119,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,021 |
| Net Income from Fundraising Events | $13,192 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,523,501 |
| 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. | $93,000 |
| Compensation of current officers, directors, key employees. | $46,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,306 |
| Payroll taxes | $20,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,656 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $15,867 |
| Royalties | $0 |
| Occupancy | $56,273 |
| Travel | $0 |
| 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 | $52,711 |
| Insurance | $30,516 |
| All other expenses | $35,861 |
| Total functional expenses | $752,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $724,014 |
| Pledges and grants receivable | $27,120 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,627,105 |
| Investments—publicly traded securities | $5,113,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,407 |
| Total assets | $7,506,373 |
| Accounts payable and accrued expenses | $20,185 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,185 |
| Net assets without donor restrictions | $4,310,222 |
| Net assets with donor restrictions | $3,175,966 |
| 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 | $7,506,373 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Springfield Museum Of Art has recieved totaling $423,663.
| Awarding Organization | Amount |
|---|---|
Harry M And Violet Turner Charitable Trust Springfield, OH PURPOSE: CHARITABLE CONTRIBUTION | $106,749 |
Springfield Foundation Springfield, OH PURPOSE: GENERAL SUPPORT | $104,307 |
Wilson Sheehan Foundation Springfield, OH PURPOSE: TRANSPORTATION SUPPORT | $100,000 |
Wilson Sheehan Foundation Springfield, OH PURPOSE: TRANSPORTATION SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Hartzell-Norris Charitable Trust Cincinnati, OH PURPOSE: PROGRAM SERVICES | $2,500 |
Endowment Analysis
| Beg. Balance | $4,085,938 |
| Earnings | $566,177 |
| Admin Expense | $31,107 |
| Net Contributions | $869,042 |
| Other Expense | $147,923 |
| Ending Balance | $5,342,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Detroit Institute Of Arts Detroit, MI | $547,056,318 | $58,386,978 |
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $42,942,635 | $5,850,007 |
Grand Rapids Art Museum Grand Rapids, MI | $63,932,796 | $12,119,660 |