St Louis Art Museum Foundation
- Assets
- $296.4m
- Revenue
- $22.8m
- Investments
- $286.9k
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 43-1374479
Organization Overview
St Louis Art Museum Foundation is located in St Louis, MO. The organization was established in 1985. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Louis Art Museum 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 12/2021, St Louis Art Museum Foundation generated $22.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. 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
TO SUPPORT THE SAINT LOUIS ART MUSEUM INCLUDING GENERAL SUPPORT, ART ACCESSIONS, AND EXPANSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM IN THE AMOUNT OF $4,317,958 FOR PROGRAMS AND OTHER MUSEUM ACTIVITIES IN 2021.
THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM FOR COSTS RELATED TO ART ACCESSIONS IN THE AMOUNT OF $1,029,832 IN 2021.
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 |
|---|---|---|---|
Min Jung Kim President & Museum Dir. (as Of 9/21) | OfficerTrustee | 0.1 | $0 |
Kent Q Kreh Treasurer | OfficerTrustee | 0.1 | $0 |
Brent Benjamin President & Museum Dir. (thru 6/21) | OfficerTrustee | 0.1 | $0 |
Charles A Lowenhaupt Vice President | OfficerTrustee | 0.1 | $0 |
Carolyn J Schmidt Deputy Director & Controller | Officer | 0.1 | $0 |
David A Linenbroker Secretary | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,905,674 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,588,205 |
| Noncash contributions included in lines 1a–1f | $224,142 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,493,879 |
| Total Program Service Revenue | $1,093,568 |
| Investment income | $5,346,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,818,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,752,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,347,790 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,439 |
| Fees for services: Accounting | $27,300 |
| Fees for services: Lobbying | $46,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142,638 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $33,885 |
| All other expenses | $0 |
| Total functional expenses | $5,608,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,282,373 |
| Pledges and grants receivable | $157,124 |
| 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 | $0 |
| Investments—publicly traded securities | $270,668,223 |
| Investments—other securities | $286,888 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $296,394,608 |
| Accounts payable and accrued expenses | $4,052 |
| Grants payable | $0 |
| Deferred revenue | $100,230 |
| 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 | $304,063 |
| Total liabilities | $408,345 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $295,986,263 |
| Total liabilities and net assets/fund balances | $296,394,608 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that St Louis Art Museum Foundation has recieved totaling $809,974.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $345,677 |
Ellsworth Kelly Foundation Inc Spencertown, NY PURPOSE: PURPOSES | $200,000 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: ARTS & CULTURE | $82,150 |
St Louis Community Foundation St Louis, MO PURPOSE: ARTS & CULTURE | $43,757 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $30,250 |
Hermann Family Foundation St Louis, MO PURPOSE: BRENT BENJAMIN FUND, GENERAL SUPPORT | $30,100 |
Endowment Analysis
| Beg. Balance | $215,683,004 |
| Earnings | $35,220,353 |
| Admin Expense | $142,638 |
| Net Contributions | $9,491,459 |
| Other Expense | $5,242,775 |
| Ending Balance | $255,009,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Opas Foundation Omaha, NE | $216,930,638 | $54,646,266 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
Science Museum Oklahoma Affiliated Fund Of Occf Inc Oklahoma City, OK | $67,323,215 | $1,438,504 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |
Frist Art Museum Foundation Nashville, TN | $70,216,759 | $5,732,814 |