Polk Museum Of Art Inc

Organization Overview

Polk Museum Of Art Inc, operating under the name Polk Museum Of Art At Florida Southern College, is located in Lakeland, FL. The organization was established in 1968. 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 05/2022, Polk Museum Of Art At Florida Southern College employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polk Museum Of Art At Florida Southern College 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 05/2022, Polk Museum Of Art At Florida Southern College generated $783.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $1.5m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ENHANCES THE LIVES OF OUR VARIED COMMUNITIES BY BRINGING PEOPLE AND ART TOGETHER.

Describe the Organization's Program Activity:

THE PRIMARY PROGRAM IS TO PROVIDE A FACILITY FOR PUBLIC AND ACADEMIC APPRECIATION OF THE ARTS AND ART HISTORY AND TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY AND BEYOND THROUGH CULTURAL AND VISUAL ARTS PROGRAMMING. POLK MUSEUM OF ART IS PROUD TO BE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS AND TO PARTNER WITH THE SMITHSONIAN INSTITUTION AS A SMITHSONIAN AFFILIATE MUSEUM AND WITH FLORIDA SOUTHERN COLLEGE AS ITS COLLEGE MUSEUM. AS AN ACADEMIC COMMUNITY MUSEUM, WE PROUDLY SERVE AND STRIVE TO ENGAGE LEARNERS OF ALL AGES. OUR COLLECTION FEATURING NEARLY 3,000 WORKS OF ART AND YEAR-ROUND EXHIBITION AND EDUCATIONAL PROGRAMMING BRING VISITORS FROM ACROSS THE GLOBE AND HAVE ESTABLISHED THE MUSEUM AS A RESPECTED AND WELL-KNOWN RESOURCE AND SITE FOR EXCEPTIONAL ARTS EXPERIENCES.


THROUGH OUR ROBUST EDUCATION PROGRAMMING WE STRIVE TO BRING PEOPLE AND ART TOGETHER WITH UNIQUE PROGRAMS THAT RANGE FROM VISUAL ARTS CLASSES AND ART LABORATORIES TO HANDS-ON TRAININGS WITH ARTISTS AND ART APPRECIATION LECTURES. WITH GRANT AND SPONSOR SUPPORT, WE ARE ABLE TO PROVIDE SPECIALIZED EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR TO COMMUNITY MEMBERS OF ALL AGES AND INCOME BRACKETS AT LITTLE OR NO COST TO THEM. ON-SITE PROGRAMMING INCLUDES DOCENT-LED TOURS AND VISITS TO THE MUSEUM FOR ALL 4TH-GRADE STUDENTS IN POLK COUNTY SCHOOLS; ART CLASSES FOR ALL AGES AND SKILL LEVELS; FALL, SPRING, AND SUMMER ART CAMPS FOR CHILDREN AGES 7 AND UP (SCHOLARSHIPS ARE AVAILABLE); POLK COUNTY STUDENT ART EXHIBITIONS AND AWARD RECEPTIONS FOR EXHIBITING STUDENTS OF ALL GRADE LEVELS; (CONTINUED ON SCHEDULE O)LECTURES, WORKSHOPS, PERFORMANCES, AND OTHER SPECIAL EVENTS RELATED TO OUR EXHIBITIONS; AND ACADEMIC ENRICHMENT FOR FLORIDA SOUTHERN COLLEGE STUDENTS ACROSS DISCIPLINES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Dr Anne Kerr
Vice Chair
$0
Lynda Buck
Chair
$0
V Terry Dennis
Assistant Treasurer
$0
Peggy Mckeel
Secretary
$0
Lee Jackson
Treasurer
$0
Dr H Alexander Rich
Executive Director & Chief
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$210,057
Fundraising events$283,339
Related organizations$0
Government grants $388,328
All other contributions, gifts, grants, and similar amounts not included above$303,471
Noncash contributions included in lines 1a–1f $3,712
Total Revenue from Contributions, Gifts, Grants & Similar$1,185,195
Total Program Service Revenue$85,648
Investment income $54,902
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $15,765
Net Gain/Loss on Asset Sales -$556,060
Net Income from Fundraising Events -$48,947
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $32,418
Miscellaneous Revenue$0
Total Revenue $783,619

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Polk Museum Of Art Inc has recieved totaling $101,193.

Awarding OrganizationAmount
Ting Tsung And Wei Fong Chao Foundation

Houston, TX

PURPOSE: GENERAL OPERATIONS

$100,000
Lola Mann Memorial Fund

Lakeland, FL

PURPOSE: SUPPORTS LOCAL FINE ARTS

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$193
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,720,799
Earnings-$162,333
Admin Expense$15,091
Other Expense$687,000
Ending Balance$2,856,375

Create an account to unlock the data you need.

or