National Museum Of Mexican Art
- Assets
- $19.7m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 60
- Location
- Chicago, IL
- Founding
- 05/1983
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, National Museum Of Mexican Art generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $4.0m during the year ending 06/2021. 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
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 Tortolero President | Officer | 40 | $185,000 |
Joseph Luna Bd Treasurer | OfficerTrustee | 3 | $0 |
Douglas Doetsch Trustee | OfficerTrustee | 3 | $0 |
Sally Nieto Bd Vice Chai | OfficerTrustee | 3 | $0 |
Carlos Cardenas Bd Chairman | OfficerTrustee | 3 | $0 |
Elizabeth Lopez Bd Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,410 |
| Fundraising events | $15,000 |
| Related organizations | $0 |
| Government grants | $2,526,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,944,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,492,406 |
| Total Program Service Revenue | $112,036 |
| Investment income | $31,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$140,823 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,502,542 |
| 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. | $185,000 |
| Compensation of current officers, directors, key employees. | $27,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,622,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $271,845 |
| Payroll taxes | $155,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,270 |
| Advertising and promotion | $7,355 |
| Office expenses | $64,996 |
| Information technology | $38,326 |
| Royalties | $0 |
| Occupancy | $208,830 |
| Travel | $1,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,957 |
| Interest | $14,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,640 |
| Insurance | $79,971 |
| All other expenses | -$168,955 |
| Total functional expenses | $3,977,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,308,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $499,677 |
| 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 | $265,858 |
| Prepaid expenses and deferred charges | $108,452 |
| Net Land, buildings, and equipment | $5,010,936 |
| Investments—publicly traded securities | $12,480,561 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,674,194 |
| Accounts payable and accrued expenses | $595,423 |
| Grants payable | $0 |
| Deferred revenue | $1,257,902 |
| 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 | $1,286,933 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,140,258 |
| Net assets without donor restrictions | $3,535,478 |
| Net assets with donor restrictions | $12,998,458 |
| 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 | $19,674,194 |
Grants Awarded
Over the last fiscal year, National Museum Of Mexican Art has awarded $345,571 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: PROGRAMS | $231,109 |
Washington, DC PURPOSE: HUMANITARIAN AID | $57,231 |
San Juan, PR PURPOSE: HUMANITARIAN AID | $22,893 |
Caguas, PR PURPOSE: HUMANITARIAN AID | $17,169 |
Caguas, PR PURPOSE: HUMANITARIAN AID | $17,169 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that National Museum Of Mexican Art has recieved totaling $837,961.
| Awarding Organization | Amount |
|---|---|
Joyce Foundation Chicago, IL PURPOSE: CULTURE | $150,000 |
Joyce Foundation Chicago, IL PURPOSE: CULTURE | $141,250 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: DIFUSION MEDIA (DM) | $100,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: RELIGION & CULTURAL INST INITIATIVE | $99,730 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN RENEWED SUPPORT OF GENERAL OPERATIONS. | $60,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $60,000 |
Endowment Analysis
| Earnings | $896 |
| Net Contributions | $2,450,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xilin Association Naperville, IL | $12,598,831 | $16,219,708 |
Great Lakes Inter-Tribal Council Inc Lac Du Flambeau, WI | $2,692,230 | $12,711,243 |
Madam Walker Legacy Center Indianapolis, IN | $11,815,867 | $1,800,443 |
National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
Blackhawk Area Cu Savanna, IL | $44,108,339 | $1,720,364 |
Puerto Rican Arts Alliance Chicago, IL | $5,828,545 | $2,540,329 |
The National Museum Of Puerto Rican Arts And Culture Chicago, IL | $8,152,716 | $2,503,474 |
Hispanic-American Construction Industry Association Chicago, IL | $735,168 | $1,371,038 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |