Muskegon Museum Of Art Foundation
- Assets
- $15.4m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 31
- Location
- Muskegon, MI
- Founding
- 11/1986
- Data as of
- 06/2022
- EIN
- 38-3402560
Organization Overview
Muskegon Museum Of Art Foundation is located in Muskegon, MI. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Muskegon Museum Of Art Foundation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muskegon Museum Of Art Foundation 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, Muskegon Museum Of Art Foundation generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 5.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSKEGON MUSEUM OF ART FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO PROMOTE UNDERSTANDING, EDUCATION, AND ENJOYMENT OF FINE ART TO THE CITIZENS OF MUSKEGON COUNTY AND ALL OF WEST MICHIGAN.
Describe the Organization's Program Activity:
BELOW IS A SUMMARY OF THE PROGRAM SERVICES ADMINISTERED BY MMAF. COLLECTIONS: THE MUSKEGON MUSEUM OF ART THROUGH ITS GOVERNING BOARDS, STAFF, AND VOLUNTEERS, IS COMMITTED TO COLLECTING, PRESERVING, AND INTERPRETING ITS ART COLLECTIONS FOR THE BENEFIT OF CURRENT AND FUTURE GENERATIONS. THIS PROGRAM SERVICE INCLUDES CURATORIAL RESEARCH AND OVERSIGHT, COLLECTIONS MANAGEMENT, AND ACQUISITION AND DEACQUISITION ACTIVITIES, NEW ACQUISITIONS ARE ACQUIRED THAT ENHANCE BOTH THE CURRENT MAKE-UP OF THE COLLECTION AND THAT ADVANCE OUR MISSION AS ESTABLISHED IN THE VISION AND MISSION STATEMENTS OF THE INSTITUTION. EXHIBITIONS: THE MUSEUM IS DEDICATED TO THE CONTINUAL AND ROATING DISPLAY OF THE PERMANENT COLLECTION AND THE INSTALLATION OF TEMPORARY EXHIBITIONS, FEARTURING BOTH THE PERMANENT COLLECTIONS AND WORKS FROM OTHER SOURCES. EXHIBITIONS ARE DEVELOPED TO CELEBRATE AND EXPAND THE UNDERSTANDING OF THE MUSEUM'S PERMANENT COLLECTION BY REINFORCING ITS VALUE, BUILDING SUPPORTING SCHOLARSHIP, AND DEMONSTRATING ITS LINKS BETWEEN THE PAST AND PRESENT. EDUCATION: THE EDUCATIONAL PROGRAMS DEVELOPED BY THE MUSKEGON MUSEUM OF ART ARE A CRITICAL TOOL FOR ADDRESSING OUR MISSION GOALS OF PROVIDING EDUCATIONAL OPPORTUNITIES AND ENGAGEMENT, BUILDING AN ENVIRONMNET FOR CREATIVE EXPRESSION AND STIMULATION, AND CONTRIBUTING TO COMMUNITY ENRICHMENT. EDUCATION PROGRAMS ALSO FACILITATE AND ENCOURAGE A STRONG MUSEUM CONNECTION WITH THE REGION, BUILDS MEMBERSHIP, INCREASES COMMUNITY INVOLVEMNET, AND PROVIDES ACCESSIBILITY TO A WIDE RANGE OF GROUPS, AGES, AND CULTURES. IT IS THROUGH PROGRAMMING THAT THE MUSEUM IS ABLE TO CONNECT DIRECTLY WITH ITS AUDIENCES, ENHANCING AND BUILDING UPON THE VISUAL EXPERIENCE PROVIDED IN THE GALLERIES. FACILITIES: THE MUSKEGON MUSEUM OF ART IS COMMITTED TO ITS ROLE AS STEWARD AND CARETAKER OF THE HISTORIC 1912 BUILDING IN WHICH IT IS LOCATED. PROGRAM SERVICES RELATED TO FACILITIES INCLUDES CUSTODIAL AND MAINTENANCE FUNCTIONS AND EXPENSES AS WELL AS ALL SECURITY COSTS ASSOCIATED WITH PROTECTING BOTH THE ART AND THE FACILITY IN A SAFE AND PROTECTIVE MANNER. GIFT SHOP: THE MUSKEGON MUSEUM OF ART OPERATES A GIFT SHOP THAT CARRIES ARTIST CONSIGNMENT GOODS AND PRODUCTS AND BOOKS RELATED TO THE PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Hallman Executive Di | Officer | 40 | $87,644 |
Kimberly Van Kampen Vice-Chair | OfficerTrustee | 2 | $0 |
Frank Bednarek Chairman | OfficerTrustee | 2 | $0 |
Claudia Berry Secretary | OfficerTrustee | 2 | $0 |
John Pridnia Treasurer | OfficerTrustee | 2 | $0 |
Chris Witham Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,736 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,383,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,329,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,816,609 |
| Total Program Service Revenue | $309,892 |
| Investment income | -$74,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,015 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $271,434 |
| Net Income from Gaming Activities | $38,200 |
| Net Income from Sales of Inventory | $61,342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,428,246 |
| 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. | $94,274 |
| Compensation of current officers, directors, key employees. | $25,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,695 |
| Pension plan accruals and contributions | $13,126 |
| Other employee benefits | $113,989 |
| Payroll taxes | $56,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,976 |
| Advertising and promotion | $87,074 |
| Office expenses | $80,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,000 |
| Travel | $8,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,397 |
| Insurance | $30,820 |
| All other expenses | $17,252 |
| Total functional expenses | $1,832,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,176,669 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,936,213 |
| Accounts receivable, net | $164,205 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,711 |
| Prepaid expenses and deferred charges | $29,836 |
| Net Land, buildings, and equipment | $2,505,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,519,777 |
| Total assets | $15,356,338 |
| Accounts payable and accrued expenses | $249,231 |
| Grants payable | $0 |
| Deferred revenue | $53,018 |
| 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 | $302,249 |
| Net assets without donor restrictions | $5,761,110 |
| Net assets with donor restrictions | $9,292,979 |
| 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 | $15,356,338 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Muskegon Museum Of Art Foundation has recieved totaling $1,928,712.
| Awarding Organization | Amount |
|---|---|
Muskegon County Community Foundation Muskegon, MI PURPOSE: 2021/2022 FISCAL YEAR - QUARTERLY DISBURSEMENT; ANNUAL DISBURSEMENT FROM THE LITTLE LEARNERS PRESCHOOL FUND; BENNETT PRIZE WINNER'S SHOW; CONSUMERS ENERGY FESTIVAL OF WREATHS; FESTIVAL OF TREES - WREATH SPONSORSHIP | $821,625 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $310,000 |
Frey Foundation Grand Rapids, MI PURPOSE: MUSEUM EXPANSION PROJECT | $250,000 |
Grand Haven Area Community Foundation Inc Grand Haven, MI PURPOSE: ARTS & CULTURE | $192,857 |
The Meijer Foundation Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $150,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: SHAPING THE FUTURE - THE CAMPAIGN FOR MUSEUM EXPANSION | $75,000 |
Endowment Analysis
| Beg. Balance | $15,493,867 |
| Earnings | -$1,830,715 |
| Admin Expense | $122,767 |
| Net Contributions | $604,960 |
| Other Expense | $2,277 |
| Grants | $429,844 |
| Ending Balance | $13,713,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |
Wayne County Community Foundation Wooster, OH | $110,981,023 | $15,756,594 |