Hickory Museum Of Art Inc
- Assets
- $4.4m
- Revenue
- $985.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Hickory, NC
- Founding
- 10/1949
- Data as of
- 06/2022
- EIN
- 56-1144769
Organization Overview
Hickory Museum Of Art Inc is located in Hickory, NC. The organization was established in 1949. 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 06/2022, Hickory Museum Of Art Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Museum Of Art 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 06/2022, Hickory Museum Of Art Inc generated $985.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $706.5k during the year ending 06/2022. While expenses have increased by 3.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL: TO INCREASE THE PUBLIC'S POPULAR APPRECIATION OF ALL FORMS OF THE VISUAL ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF ART EXHIBITS, EDUCATION AND PROGRAMSDONATIONS OF FACILITIES (RENT & UTILITIES) FROM SALT BLOCK FOUNDATION (BUILDING MANAGERS) VALUED AT $354,964
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Carfagno Executive Director | Officer | 40 | $82,280 |
Landon Lane Secretary | OfficerTrustee | 9 | $0 |
Kit Cannon Vice President | OfficerTrustee | 9 | $0 |
Jeff Behmer President | OfficerTrustee | 9 | $0 |
Cameron Mauney Treasurer | OfficerTrustee | 9 | $0 |
Clise Plant Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,463 |
| Membership dues | $113,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $454,389 |
| Noncash contributions included in lines 1a–1f | $2,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,022 |
| Total Program Service Revenue | $64,963 |
| Investment income | $123,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,132 |
| Net Income from Fundraising Events | $47,547 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,171 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $985,614 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,450 |
| Advertising and promotion | $17,303 |
| Office expenses | $2,236 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,544 |
| Travel | $3,443 |
| 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 | $13,250 |
| Insurance | $11,572 |
| All other expenses | $54,672 |
| Total functional expenses | $706,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,335 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $857 |
| Prepaid expenses and deferred charges | $24,312 |
| Net Land, buildings, and equipment | $115,683 |
| Investments—publicly traded securities | $3,936,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,357,355 |
| Accounts payable and accrued expenses | $25,480 |
| Grants payable | $0 |
| Deferred revenue | $136,030 |
| 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 | $161,510 |
| Net assets without donor restrictions | $2,846,341 |
| Net assets with donor restrictions | $1,349,504 |
| 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 | $4,357,355 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hickory Museum Of Art Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Underdown Family Foundation Inc Hickory, NC PURPOSE: GENERAL PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $1,563,139 |
| Earnings | -$173,635 |
| Other Expense | $40,000 |
| Ending Balance | $1,349,504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
Mint Museum Of Art Inc Charlotte, NC | $80,854,701 | $6,923,462 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |
Columbia Museum Of Art Columbia, SC | $10,316,216 | $4,304,789 |
The Columbus Museum Inc Columbus, GA | $52,804,337 | $14,324,674 |
Knoxville Museum Of Art Knoxville, TN | $12,196,877 | $3,220,850 |