Orlando Museum Of Art Inc
- Assets
- $14.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Orlando, FL
- Founding
- 01/1953
- Data as of
- 06/2022
- EIN
- 59-0910352
Organization Overview
Orlando Museum Of Art Inc is located in Orlando, FL. The organization was established in 1953. 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, Orlando Museum Of Art Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando 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, Orlando Museum Of Art Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 3.9% 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
INSPIRE CREATIVITY, PASSION, INTELLECTUAL CURIOSITY BY CONNECTING PEOPLE WITH ART AND NEW IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - THE OMA PRESENTED 8 TEMPORARY EXHIBITIONS AND 8 PERMANENT COLLECTION EXHIBITIONS OF THE AND DISPLAYS THEM IN A MANNER THAT ENHANCES THE UNDERSTANDING AND APPRECIATION OF ART. OMA ALSO HOLDS SEVERAL CONTINUOUS ART EXHIBITIONS TO ENHANCE THE MISSION.
EDUCATION PROGRAMS - THE OMA PRESENTS AWARD-WINNING ART ENRICHMENT PROGRAMS FOR CHILDREN, GALLERY TOURS, STUDIO CLASSES, AND OUTREACH SERVICES WHICH BENEFITED OVER 27,335 FLORIDA RESIDENTS AND VISITORS AT THE OMA AND THROUGH ITS OUTREACH SERVICES IN FISCAL YEAR 2021-2022.
MEMBER PROGRAMS - ART ENRICHMENT PROGRAMS ARE IMPLEMENTED BY THE STAFF AND 121 VOLUNTEERS, MANY OF WHOM ARE PART OF ITS MEMBERSHIP OF 6,972 MEMBERS.
OTHER MISC INCOME AND LOSSES FROM OPERATION OF THE MUSEUM GIFT SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Aaron DE Groft Director & CEO (thru 6/28/22) | Officer | 40 | $194,055 |
Ted R Brown Vice President | OfficerTrustee | 0.1 | $0 |
Robert Summers Vice President | OfficerTrustee | 0.1 | $0 |
Michael Winn Corporate Secretary | OfficerTrustee | 0.1 | $0 |
Andrew Snyder Secretary | OfficerTrustee | 0.1 | $0 |
Carolyn Fennell Vice President | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Staffing | 6/29/22 | $246,872 |
Akerman Llp Legal Services | 6/29/22 | $100,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $392,448 |
| Membership dues | $206,834 |
| Fundraising events | $644,141 |
| Related organizations | $0 |
| Government grants | $1,052,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $717,086 |
| Noncash contributions included in lines 1a–1f | $55,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,012,799 |
| Total Program Service Revenue | $902,759 |
| Investment income | $61,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $113,202 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,587 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,829 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,128,087 |
| 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. | $253,727 |
| Compensation of current officers, directors, key employees. | $86,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,231,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,962 |
| Payroll taxes | $105,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,990 |
| Fees for services: Accounting | $28,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,306 |
| Advertising and promotion | $193,934 |
| Office expenses | $69,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $383,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,071 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,994 |
| Insurance | $167,778 |
| All other expenses | $133,469 |
| Total functional expenses | $4,283,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $429,386 |
| Pledges and grants receivable | $136,456 |
| Accounts receivable, net | $117,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,361 |
| Prepaid expenses and deferred charges | $59,016 |
| Net Land, buildings, and equipment | $6,996,319 |
| Investments—publicly traded securities | $4,543,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,102,008 |
| Total assets | $14,433,730 |
| Accounts payable and accrued expenses | $255,505 |
| Grants payable | $0 |
| Deferred revenue | $250,089 |
| 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 | $505,594 |
| Net assets without donor restrictions | $5,750,193 |
| Net assets with donor restrictions | $8,177,943 |
| 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 | $14,433,730 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Orlando Museum Of Art Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Stine Foundation Inc Orlando, FL PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $5,264,463 |
| Earnings | -$656,311 |
| Admin Expense | $26,317 |
| Net Contributions | $154,500 |
| Other Expense | $192,527 |
| Ending Balance | $4,543,808 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jorge M Perez Art Museum Of Miami Dade County Inc Miami, FL | $170,476,765 | $20,155,933 |
Norton Museum Of Art Inc West Palm Beach, FL | $222,458,211 | $26,618,274 |
Salvador Dali Museum Inc St Petersburg, FL | $91,811,213 | $16,504,517 |
Institute Of Contemporary Art Miami Inc Miami, FL | $55,226,437 | $8,674,913 |
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
Deette Holden Cummer Museum Foundation Inc Jacksonville, FL | $55,301,594 | $7,203,933 |
James Museum Of Western Art St Petersburg, FL | $84,650,622 | $18,663,033 |
Boca Raton Museum Of Art Inc Boca Raton, FL | $21,164,716 | $6,166,794 |
Museum Of Fine Arts Of St Petersburg Fla Inc St Petersburg, FL | $51,064,193 | $3,959,049 |
Tampa Museum Of Art Inc Tampa, FL | $21,710,466 | $4,685,160 |
Orlando Museum Of Art Inc Orlando, FL | $14,433,730 | $4,128,087 |
Friends Of The Bass Museum Inc Miami Beach, FL | $15,827,665 | $3,183,331 |