Waterworks Art Museum
- Assets
- $922.3k
- Revenue
- $147.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Miles City, MT
- Founding
- 01/1976
- Data as of
- 06/2022
- EIN
- 51-0175533
Organization Overview
Waterworks Art Museum is located in Miles City, MT. The organization was established in 1976. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Waterworks Art Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterworks Art Museum 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, Waterworks Art Museum generated $147.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $170.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ART & HERITAGE CENTER IS TO PROVIDE EXHIBITS AND ART PROGRAMS FOR RESIDENTS OF SOUTHEASTERN MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EXHIBITS AND ART PROGRAMS FOR RESIDENTS OF SOUTHEASTERN MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixie Rieger Executive Di | Officer | 40 | $44,750 |
Jenifer Losey Vice Preside | Trustee | $0 | |
Linda Wiedeman Treasurer | Trustee | 2 | $0 |
Brandi Gibson Board Member | Trustee | $0 | |
Jean Lindley President | Trustee | $0 | |
Sherry Oster Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,830 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,398 |
| Total Program Service Revenue | $15,106 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,008 |
| Net Income from Gaming Activities | $6,908 |
| Net Income from Sales of Inventory | $10,887 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,998 |
| 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. | $43,000 |
| Compensation of current officers, directors, key employees. | $17,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,568 |
| Payroll taxes | $8,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,050 |
| Advertising and promotion | $2,397 |
| Office expenses | $13,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,320 |
| Travel | $3,117 |
| 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 | $18,112 |
| Insurance | $1,511 |
| All other expenses | $14 |
| Total functional expenses | $170,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,535 |
| Savings and temporary cash investments | $17,146 |
| 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 | $8,931 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $409,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $440,748 |
| Total assets | $922,320 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $922,320 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $922,320 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Waterworks Art Museum has recieved totaling $26,682.
| Awarding Organization | Amount |
|---|---|
Nibs And Edna Allen Foundation Miles City, MT PURPOSE: ART EDUCATION PROGRAM SUPPORT | $22,000 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $4,160 |
Homestead Foundation Inc Livingston, MT PURPOSE: PHILANTHROPIC PURPOSE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Association Of Jackson Hole Jackson, WY | $1,265,273 | $1,643,063 |
Hatch Bozeman, MT | $195,495 | $644,273 |
Sculpturewalk Inc Sioux Falls, SD | $2,909,587 | $385,029 |
T-Craft Aero Club Inc Nampa, ID | $670,757 | $340,728 |
Lander Art Center Lander, WY | $97,694 | $213,430 |
Waterworks Art Museum Miles City, MT | $922,320 | $146,998 |
Surels Place Inc Boise, ID | $243,296 | $0 |
Western Montana Creative Initiatives Missoula, MT | $29,528 | $0 |
Clay Arts Guild Of Helena Helena, MT | $103,794 | $0 |
Teton Arts Council Driggs, ID | $111,557 | $0 |
Blackfoot Pathways Sculpture In The Wild Lincoln, MT | $341,308 | $109,847 |
Citizens Council For The Arts Inc Coeur Dalene, ID | $238,040 | $0 |