Jorge M Perez Art Museum Of Miami Dade County Inc
- Assets
- $155.5m
- Revenue
- $18.1m
- Investments
- $24.6m
- Employees
- 127
- Location
- Miami, FL
- Founding
- 02/1981
- Data as of
- 12/2022
- EIN
- 59-2048869
Organization Overview
Jorge M Perez Art Museum Of Miami Dade County Inc is located in Miami, FL. The organization was established in 1981. 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 12/2022, Jorge M Perez Art Museum Of Miami Dade County Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jorge M Perez Art Museum Of Miami Dade County 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 12/2022, Jorge M Perez Art Museum Of Miami Dade County Inc generated $18.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $19.2m during the year ending 12/2022. 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
VARIOUS MUSEUM EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS ART EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Podhurst Chairman | OfficerTrustee | 4 | $0 |
Luke R Palacio President | OfficerTrustee | 4 | $0 |
Dorothy Terrell Vice-President | OfficerTrustee | 4 | $0 |
Sandra Tamer Secretary | OfficerTrustee | 4 | $0 |
T Christian Armstrong Treasurer | OfficerTrustee | 4 | $0 |
Mitchell A Bierman Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security | 12/30/22 | $1,017,931 |
Artea Producoes Llc Exhibition Installation Services | 12/30/22 | $640,410 |
Century Risk Advisors Insurance Broker | 12/30/22 | $534,238 |
Constellation Culinary Group Catering Services | 12/30/22 | $447,200 |
Crozier Fine Arts Inc Art Storage And Shipping | 12/30/22 | $434,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $338,357 |
| Fundraising events | $394,549 |
| Related organizations | $0 |
| Government grants | $7,447,747 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,551,271 |
| Noncash contributions included in lines 1a–1f | $70,746 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,731,924 |
| Total Program Service Revenue | $1,268,068 |
| Investment income | $540,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $330,692 |
| Net Rental Income | $1,038,524 |
| Net Gain/Loss on Asset Sales | -$1,525,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $296,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,055,971 |
| 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. | $1,128,826 |
| Compensation of current officers, directors, key employees. | $404,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,965,033 |
| Pension plan accruals and contributions | $22,681 |
| Other employee benefits | $500,572 |
| Payroll taxes | $298,954 |
| Fees for services: Management | $180,665 |
| Fees for services: Legal | $113,738 |
| Fees for services: Accounting | $57,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,506 |
| Fees for services: Other | $1,308,797 |
| Advertising and promotion | $352,876 |
| Office expenses | $247,377 |
| Information technology | $507,706 |
| Royalties | $952,324 |
| Occupancy | $1,717,380 |
| Travel | $190,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,046,177 |
| Insurance | $826,968 |
| All other expenses | $783,357 |
| Total functional expenses | $19,192,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,562,456 |
| Savings and temporary cash investments | $7,599,305 |
| Pledges and grants receivable | $9,087,188 |
| Accounts receivable, net | $617,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $327,744 |
| Prepaid expenses and deferred charges | $760,063 |
| Net Land, buildings, and equipment | $107,299,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,581,111 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,693,343 |
| Total assets | $155,528,152 |
| Accounts payable and accrued expenses | $2,492,625 |
| Grants payable | $0 |
| Deferred revenue | $2,008,111 |
| 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 | $4,500,736 |
| Net assets without donor restrictions | $120,298,944 |
| Net assets with donor restrictions | $30,728,472 |
| 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 | $155,528,152 |