Joslyn Art Museum Foundation
- Assets
- $62.3m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 47-0835035
Organization Overview
Joslyn Art Museum Foundation is located in Omaha, NE. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joslyn 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, Joslyn Art Museum Foundation generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $2.3m 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
THE PURPOSE OF JOSLYN ART MUSEUM FOUNDATION IS TO RAISE FUNDS TO SUPPORT THE JOSLYN ART MUSEUM AND MANAGE THE MUSEUM'S ENDOWMENT FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF JOSLYN ART MUSEUM FOUNDATION IS TO RAISE FUNDS TO SUPPORT THE JOSLYN ART MUSEUM AND MANAGE THE MUSEUM'S ENDOWMENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Nelson Chair | OfficerTrustee | 1 | $0 |
Jack Becker Executive Director | Officer | 10 | $0 |
Elizabeth Powell Director Of Finance & Operations | Officer | 2 | $0 |
Art N Burtscher Board Member | Trustee | 1 | $0 |
Robert D Bates Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,925,131 |
| Noncash contributions included in lines 1a–1f | $47,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,925,131 |
| Total Program Service Revenue | $0 |
| Investment income | $726,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,566,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,218,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,950,500 |
| 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. | $197,411 |
| 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 | $9,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,979 |
| Fees for services: Accounting | $13,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $153,941 |
| 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 | $0 |
| All other expenses | $4,340 |
| Total functional expenses | $2,333,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,211,490 |
| Pledges and grants receivable | $252,330 |
| 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 | $58,541,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,257 |
| Total assets | $62,316,466 |
| Accounts payable and accrued expenses | $78 |
| 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 | $78 |
| Net assets without donor restrictions | $4,361,751 |
| Net assets with donor restrictions | $57,954,637 |
| 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 | $62,316,466 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Joslyn Art Museum Foundation has recieved totaling $2,010,000.
| Awarding Organization | Amount |
|---|---|
Sunderland Foundation Overland Park, KS PURPOSE: EVOLVE CAPITAL CAMPAIGN | $2,000,000 |
Jim And Shirley Young Family Foundation Garden City, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $40,115,773 |
| Earnings | $6,497,887 |
| Net Contributions | $8,872,302 |
| Other Expense | $1,798,042 |
| Ending Balance | $53,687,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |