The Taubman Museum Of Art

The Taubman Museum Of Art Overview

The Taubman Museum Of Art is located in Roanoke, VA. The organization was established in 1954. 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 06/2020, Taubman Museum Of Art employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Taubman Museum Of Art generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $4.5m during the year ending 06/2020. While expenses have increased by 0.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE TAUBMAN MUSUEM OF ART'S MISSION IS TO BRING PEOPLE AND ART TOGETHER FOR DISCOVERY, LEARNING AND ENJOYMENT. SERVING THE DIVERSE COMMUNITIES OF OUR REGION, THE TAUBMAN MUSEUM OF ART ENGAGES ALL AUDIENCES THROUGH THE CELEBRATION AND ENJOYMENT OF THE CREATIVE PROCESS. IT IS COMMITTED TO EXCELLENCE IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IS ON AMERICAN ART AND REGIONAL CULTURE. THE INSTITUTE OF ART SPECIALIZES IN THE EXHIBITION, EDUCATION AND SCHOLARSHIP OF 19TH AND 20TH CENTURY AMERICAN ART.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MUSEUM CONDUCTS AND SPONSORS ART CLASSES, LECTURES, SHOWS AND EXHIBITS, THEATRICAL AND MUSICAL PROGRAMS, FILM PRESENTATIONS AND WORKSHOPS TO STIMULATE ART APPRECIATION IN THE ROANOKE VALLEY AREA.


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The Taubman Museum Of Art Board, Officers & Key Employees

Name (title)Compensation
Cindy Petersen
Executive Director
$175,504
Mr W Heywood Fralin
Vice Chairman
$0
Mr David Wine
Treasurer
$0
Mr William J Lemon
Secretary
$0
Mr Leon P Harris
Chairman
$0
Mr Nicholas F Taubman
Chair. Emertius
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$12,298,648
Investment income $515,410
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$85,532
Net Income from Fundraising Events $142,576
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,753
Miscellaneous Revenue$0
Total Revenue $13,430,974

The Taubman Museum Of Art Grants Recieved

Over the last fiscal year, we have identified 5 grants that The Taubman Museum Of Art has recieved totaling $13,920.

Awarding OrganizationAmount
Community Foundation Serving Western Virginia

Roanoke, VA

PURPOSE: GENERAL SUPPORT

$10,670
Newbern Foundation

Roanoke, VA

PURPOSE: BENEFIT THE MUSEUMS EDUCATIONAL INITIATIVES

$1,000
Newbern Foundation

Roanoke, VA

PURPOSE: BENEFIT THE MUSEUMS EDUCATIONAL INITIATIVES

$1,000
$1,000
Evelyn F James Foundation

Roanoke, VA

PURPOSE: CONTRIBUTINO

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,808,389
Earnings$812,487
Net Contributions$11,308,387
Other Expense$1,107,488
Ending Balance$26,821,775

The Taubman Museum Of Art Peer Organizations

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