Patrons Of The Arts In The Vatican Museums
- Assets
- $73.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 54-1827054
Organization Overview
Patrons Of The Arts In The Vatican Museums is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Patrons Of The Arts In The Vatican Museums 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 12/2022, Patrons Of The Arts In The Vatican Museums generated $34.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $23.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION RAISES FUNDS FOR THE RESTORATION OF ART IN THE VATICAN MUSEUMS. A PORTION OF THE ANNUAL DUES DIRECTLY SUPPORTS ART PRESERVATION. IN ADDITION MEMBERS MAKE DIRECT CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur C Lohsen President | 10 | $0 | |
Bret Mitchell Vice President | 5 | $0 | |
Gracia Mitchell Treasurer | 5 | $0 | |
Susan Lohsen Secretary | 5 | $0 | |
Ron Marchessault Jr Director | 1 | $0 | |
Dave Brown Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,400 |
| Total Program Service Revenue | $2,958 |
| Membership dues | $29,920 |
| Investment income | $81 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,359 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $34 |
| Other expenses | $21,482 |
| Total expenses | $23,016 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,086 |
| Other assets | $0 |
| Total assets | $73,086 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,086 |