National Museum Of Mexican Art
- Assets
- $21.2m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 60
- Location
- Chicago, IL
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 36-3225519
Organization Overview
National Museum Of Mexican Art is located in Chicago, IL. The organization was established in 1983. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, National Museum Of Mexican Art employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Museum Of Mexican 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 06/2022, National Museum Of Mexican Art generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 6.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF MEXICAN ART
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR SPECIAL EVENTS AND EXHIBITS THAT EXEMPLIFY THE VISUAL AND PERFORMING ARTS FOUND IN THE MEXICAN CULTURE, DEVELOP AND CONSERVE A SIGNIFICANT PERMANENT COLLECTION OF MEXICAN ART, TO ENCOURAGE THE PROFESSIONAL DEVELOPMENT OF MEXICAN-AMERICAN ARTISTS AND OFFER ARTS EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Cardenas Bd Chairman | OfficerTrustee | 4 | $0 |
Sally Nieto Bd Vice Chai | OfficerTrustee | 4 | $0 |
Joseph Luna Bd Treasurer | OfficerTrustee | 4 | $0 |
Elizabeth Lopez Bd Secretary | OfficerTrustee | 4 | $0 |
Douglas Doetsch Trustee | OfficerTrustee | 4 | $0 |
Alma Velasquez Trustee | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,890 |
| Fundraising events | $400,000 |
| Related organizations | $0 |
| Government grants | $3,788,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,197,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,412,175 |
| Total Program Service Revenue | $299,574 |
| Investment income | $42,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $93,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,887,157 |
| 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. | $190,000 |
| Compensation of current officers, directors, key employees. | $28,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,260,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $405,205 |
| Payroll taxes | $78,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252,933 |
| Advertising and promotion | $44,807 |
| Office expenses | $139,161 |
| Information technology | $36,926 |
| Royalties | $0 |
| Occupancy | $310,004 |
| Travel | $6,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,986 |
| Interest | $9,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $488,985 |
| Insurance | $110,440 |
| All other expenses | -$260,760 |
| Total functional expenses | $6,160,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,548,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,656,750 |
| 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 | $286,600 |
| Prepaid expenses and deferred charges | $512,914 |
| Net Land, buildings, and equipment | $5,217,462 |
| Investments—publicly traded securities | $11,986,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,208,470 |
| Accounts payable and accrued expenses | $515,719 |
| Grants payable | $0 |
| Deferred revenue | $511,685 |
| 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 | $1,186,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,214,338 |
| Net assets without donor restrictions | $3,054,203 |
| Net assets with donor restrictions | $15,939,929 |
| 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 | $21,208,470 |
Grants Awarded
Over the last fiscal year, National Museum Of Mexican Art has awarded $345,571 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ENRICH CHICAGOENRICH CHIAGO PURPOSE: PROGRAMS | $231,109 |
ENLACE INTL PUERTO RICOENLACE INTL PUERTO RICO PURPOSE: HUMANITARIAN AID | $17,169 |
PROYECTO MATRIA INCPROYECTO MATRIA INC PURPOSE: HUMANITARIAN AID | $17,169 |
FOUNDATION FOR PUERTO RICO INCFOUNDATION FOR PUERTO RICO INC PURPOSE: HUMANITARIAN AID | $22,893 |
AMERICAN NATL RED CROSSAMERICAN NATL RED CROSS PURPOSE: HUMANITARIAN AID | $57,231 |