Museum Of Fine Arts Of St Petersburg Fla Inc
- Assets
- $46.0m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 66
- Location
- St Petersburg, FL
- Founding
- 07/1964
- Data as of
- 06/2020
- EIN
- 59-0949278
Organization Overview
Museum Of Fine Arts Of St Petersburg Fla Inc is located in St Petersburg, FL. The organization was established in 1964. 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, Museum Of Fine Arts Of St Petersburg Fla Inc employed 66 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, Museum Of Fine Arts Of St Petersburg Fla Inc generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $6.0m during the year ending 06/2020. While expenses have increased by 7.4% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENGAGE, EDUCATE AND EXCITE THE COMMUNITY BY COLLECTING, EXHIBITING, AND PRESERVING WORKS OF ART FOR THE ENJOYMENT OF ALL. THE MUSEUM OF FINE ARTS, ST. PETERSBURG, FLORIDA (MFA) IS THE CULTURAL LEADER OF OUR COMMUNITY. OUR COMPREHENSIVE COLLECTION, EXHIBITIONS, AND PROGRAMS CELEBRATE ART AND ENGAGE THE DIVERSE CULTURES AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMISSIONS - INCOME FROM ADMISSIONS FURTHERS THE EXEMPT PURPOSE OF THE MUSEUM BY PROMOTING ART AND CULTURE WITHIN THE TAMPA BAY AREA.
MEMBERSHIP DUES - INCOME FROM MEMBERSHIP DUES FURTHERS THE EXEMPT PURPOSE OF THE MUSEUM BY PROMOTING INVOLVEMENT OF THE MEMBERS IN THE PROGRAMS AND EXHIBITS OFFERED BY THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Shepherd Executive Director | Officer | 40 | $219,654 |
Dimity Carlson Exec Comm Vice Chairman | OfficerTrustee | 2 | $0 |
Craig Sher Exec Comm Treasurer | OfficerTrustee | 5 | $0 |
Emily Elwyn Exec Comm Secretary | OfficerTrustee | 2 | $0 |
Fred S Razook Jr Exec Comm Chairman | OfficerTrustee | 3 | $0 |
George Baxter Exec Comm | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rla Conservation Mosaic Conservation | 6/29/19 | $226,698 |
Allied Universal Security Services Security | 6/29/19 | $312,719 |
Miller Electric Company Lighting Equipment | 6/29/19 | $149,103 |
Mechanical Services Of Central Fl Inc Marly Room Ac & Hvac Repairs & Maintenan | 6/29/19 | $122,653 |
Virginia Museum Of Arts Exhibition | 6/29/19 | $185,153 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,245 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,011,500 |
| Noncash contributions included in lines 1a–1f | $6,357,630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,191,745 |
| Total Program Service Revenue | $741,671 |
| Investment income | $641,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $255,306 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $61,956 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,942,795 |
| 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. | $256,621 |
| Compensation of current officers, directors, key employees. | $38,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,769,979 |
| Pension plan accruals and contributions | $32,154 |
| Other employee benefits | $238,432 |
| Payroll taxes | $152,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,013 |
| Fees for services: Accounting | $49,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,487 |
| Fees for services: Other | $65,300 |
| Advertising and promotion | $348,008 |
| Office expenses | $96,237 |
| Information technology | $61,389 |
| Royalties | $0 |
| Occupancy | $854,542 |
| Travel | $1,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,220,257 |
| Insurance | $41,212 |
| All other expenses | $7,471 |
| Total functional expenses | $5,950,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,408 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,140 |
| Accounts receivable, net | $344,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,893 |
| Prepaid expenses and deferred charges | $435,653 |
| Net Land, buildings, and equipment | $14,332,842 |
| Investments—publicly traded securities | $26,099,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,901,552 |
| Total assets | $46,016,671 |
| Accounts payable and accrued expenses | $599,791 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $428,700 |
| Other liabilities | $800,000 |
| Total liabilities | $1,828,491 |
| Net assets without donor restrictions | $19,142,381 |
| Net assets with donor restrictions | $25,045,799 |
| 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 | $46,016,671 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Museum Of Fine Arts Of St Petersburg Fla Inc has recieved totaling $75,500.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $55,500 |
The Garth Family Foundation Boston, MA PURPOSE: GENERAL FUND | $15,000 |
Michael G Cantonis Foundation Inc Tarpon Springs, FL PURPOSE: ART | $5,000 |
Endowment Analysis
| Beg. Balance | $8,947,660 |
| Earnings | $192,573 |
| Net Contributions | $10,701,000 |
| Other Expense | $544,486 |
| Ending Balance | $19,296,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Museum Of Art Inc West Palm Beach, FL | $214,814,864 | $16,816,679 |
Salvador Dali Museum Inc St Petersburg, FL | $99,363,953 | $12,830,642 |
Institute Of Contemporary Art Miami Inc Miami, FL | $53,751,875 | $5,897,117 |
Telfair Museum Of Art Inc Savannah, GA | $59,625,875 | $9,976,075 |
James Museum Of Western Art St Petersburg, FL | $51,430,779 | $5,743,038 |
Boca Raton Museum Of Art Inc Boca Raton, FL | $20,602,528 | $7,096,609 |
Museum Of Fine Arts Of St Petersburg Fla Inc St Petersburg, FL | $46,016,671 | $14,942,795 |
Deette Holden Cummer Museum Foundation Inc Jacksonville, FL | $55,301,594 | $7,203,933 |
Friends Of The Bass Museum Inc Miami Beach, FL | $16,012,891 | $5,134,434 |
Tampa Museum Of Art Inc Tampa, FL | $21,797,267 | $2,570,651 |
The Columbus Museum Inc Columbus, GA | $38,665,425 | $7,384,959 |
Orlando Museum Of Art Inc Orlando, FL | $15,643,097 | $2,717,179 |