Boca Raton Museum Of Art Inc

Organization Overview

Boca Raton Museum Of Art Inc is located in Boca Raton, FL. The organization was established in 1955. 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 09/2021, Boca Raton Museum Of Art Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boca Raton 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 09/2021, Boca Raton Museum Of Art Inc generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $5.3m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MUSEUM OF ART IS AN EDUCATIONAL AND CULTURAL FACILITY WHICH WAS ESTABLISHED TO PROMOTE AND ENCOURAGE THE UNDERSTANDING, ENJOYMENT, AND APPRECIATION OF FINE AND VISUAL ARTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ART SCHOOL - CLASSES IN PAINTING, DRAWING, SCULPTURE,WATERCOLOR, JEWELRY, AND OTHER MEDIA.


EDUCATIONAL PROGRAMS: LECTURE SERIES, FILMS, TOURS,FESTIVALS, ETC.


CURATORIAL AND EXHIBITS - FEATURES MONTHLY EXHIBITIONS INTHE GALLERIES AND ROTATING SCULPTURE EXHIBITS ON THE LAWN.SPONSORS THE ALL-FLORIDA SHOW.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Artwise Inc
Art Instruction
$127,141
Miles Laventhall
Art Instruction
$107,202
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$12,854
Fundraising events$0
Related organizations$493,625
Government grants $1,210,207
All other contributions, gifts, grants, and similar amounts not included above$2,707,914
Noncash contributions included in lines 1a–1f $1,225,455
Total Revenue from Contributions, Gifts, Grants & Similar$4,424,600
Total Program Service Revenue$1,086,054
Investment income $215,071
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $451,227
Net Income from Fundraising Events -$14,686
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$66,681
Miscellaneous Revenue$0
Total Revenue $6,166,794

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Boca Raton Museum Of Art Inc has recieved totaling $41,386.

Awarding OrganizationAmount
Lisette Model Foundation Inc

Boca Raton, FL

PURPOSE: GENERAL FUNDS

$10,000
Lawrence A Sanders Foundation Inc

Boca Raton, FL

PURPOSE: UNRESTRICTED DONATIONS

$10,000
Charna And Alan B Larkin Philanthropic Fund Inc

Boca Raton, FL

PURPOSE: GENERAL SUPPORT

$10,000
Norman & Myra Ricken Trust Charitable Trust

West Palm Beach, FL

PURPOSE: GENERAL

$6,250
Irvin L Siegel Family Foundation Inc

Sarasota, FL

PURPOSE: GENERAL

$5,000
Ira And Maryjo Sherman Family Foundation Inc

Palm Beach Gardens, FL

PURPOSE: GENERAL

$136
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,491,728
Earnings$379,869
Net Contributions$136,973
Other Expense$497,746
Ending Balance$7,510,824

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