Mcpherson Museum And Arts Foundation
- Assets
- $3.6m
- Revenue
- $242.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Mcpherson, KS
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 48-1000429
Organization Overview
Mcpherson Museum And Arts Foundation is located in Mcpherson, KS. The organization was established in 1985. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Mcpherson Museum And Arts Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcpherson Museum And Arts 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, Mcpherson Museum And Arts Foundation generated $242.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $326.0k during the year ending 12/2021. While expenses have increased by 0.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MCPHERSON MUSEUM AND ARTS FOUNDATION PRESERVES AND PRESENTS, FOR PUBLIC BENEFIT, THE HISTORICAL, CULTURAL AND ARTISTIC HERITAGE OF THE MCPHERSON COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE & MANAGE VARIOUS ACTIVITIES AND EXIBITS TO DRAW THE COMMUNITY INTO THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carissa Speck Executive Di | Officer | 40 | $55,000 |
Gary Casebeer President | OfficerTrustee | 2 | $0 |
Sydney Reich Secretary | OfficerTrustee | 2 | $0 |
Luke Chennell Vice Preside | OfficerTrustee | 2 | $0 |
Lowell Flory Director | Trustee | 1 | $0 |
Marty Sigwing Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,427 |
| Total Program Service Revenue | $34,330 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,720 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,556 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,427 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,725 |
| 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. | $55,000 |
| Compensation of current officers, directors, key employees. | $27,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,704 |
| Pension plan accruals and contributions | $1,517 |
| Other employee benefits | $0 |
| Payroll taxes | $9,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,810 |
| Advertising and promotion | $948 |
| Office expenses | $5,734 |
| Information technology | $1,763 |
| Royalties | $0 |
| Occupancy | $33,369 |
| 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 | $111,164 |
| Insurance | $19,683 |
| All other expenses | $748 |
| Total functional expenses | $326,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,100 |
| Savings and temporary cash investments | $30,063 |
| Pledges and grants receivable | $0 |
| 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 | $2,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,527,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,582 |
| Total assets | $3,599,287 |
| Accounts payable and accrued expenses | $756 |
| 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 | $622,503 |
| Total liabilities | $623,259 |
| 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 | $2,976,028 |
| Total liabilities and net assets/fund balances | $3,599,287 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mcpherson Museum And Arts Foundation has recieved totaling $84.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: ANNUAL GIVING CAMPAIGN | $54 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |
Clyfford Still Museum Denver, CO | $20,985,352 | $4,386,446 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
American Museum Of Western Art-The Anschutz Collection Denver, CO | $3,359,244 | $1,672,973 |
Kaneko Omaha, NE | $7,661,179 | $2,044,915 |
Museum Of Nebraska Art Kearney, NE | $29,264,897 | $12,796,061 |