Academy Art Museum Inc

Organization Overview

Academy Art Museum Inc is located in Easton, MD. The organization was established in 1960. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Academy Art Museum Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Art Museum Inc 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 08/2021, Academy Art Museum Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $1.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ACADEMY ART MUSEUM IS TO PROMOTE THE KNOWLEDGE, PRACTICE, AND APPRECIATION OF THE ARTS AND TO ENHANCE CULTURAL LIFE ON THE EASTERN SHORE BY MAKING AVAILABLE TO EVERYONE THE MUSEUM'S EXPANDING COLLECTION, EXHIBITIONS, AND BROAD SPECTRUM OF ARTS PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ART APPRECIATION AND EDUCATION PROGRAMS - THE ACADEMY PRESENTS EXHIBITS, CONCERTS, EDUCATION, AND OTHER SIMILAR PROGRAMS TO THE GENERAL PUBLIC.


ART APPRECIATION AND EDUCATION PROGRAMS - THE ACADEMY PRESENTS EXHIBITS, CONCERTS, EDUCATION, AND OTHER SIMILAR PROGRAMS TO THE GENERAL PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Ben Simons
Executive Dir.
$159,475
Donna Alpi
Vice Chair
$0
Catherine Collins Mccoy
Chairman
$0
John Pinney
Treasurer
$0
Craig Fuller
Vice Chair
$0
Jeffrey Huvelle
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$67,774
Fundraising events$257,650
Related organizations$0
Government grants $318,519
All other contributions, gifts, grants, and similar amounts not included above$457,641
Noncash contributions included in lines 1a–1f $99,068
Total Revenue from Contributions, Gifts, Grants & Similar$1,101,584
Total Program Service Revenue$140,147
Investment income $95,588
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,000
Net Gain/Loss on Asset Sales $71,693
Net Income from Fundraising Events -$91,160
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,323,852

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Academy Art Museum Inc has recieved totaling $1,500.

Awarding OrganizationAmount
Richard J And Ellen G Bodorffcharitable Foundation Inc

Easton, MD

PURPOSE: GENERAL OPERATING GRANT

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,337,935
Earnings$1,170,952
Admin Expense$26,234
Ending Balance$7,482,653

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