Kmac Museum Inc
- Assets
- $6.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Louisville, KY
- Founding
- 07/1981
- Data as of
- 06/2023
- EIN
- 61-0985312
Organization Overview
Kmac Museum Inc is located in Louisville, KY. The organization was established in 1981. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Kmac Museum Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kmac Museum 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 06/2023, Kmac Museum Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 9.1% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KMAC CONNECTS PEOPLE TO ART AND CREATIVE PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS AND PROGRAMS - THE MUSEUM FEATURES CONTEMPORARY ART THAT EXPLORES CRAFT EMPHASIZING THE TECHNIQUES, MATERIALS AND PROCESS OF CREATIVE EXPRESSION. THE MUSEUM'S GOAL IS TO EDUCATE AND INSPIRE, WHILE PROMOTING A BETTER UNDERSTANDING OF ART AND CRAFT THROUGH EXHIBITIONS, COLLABORATIONS, OUTREACH AND THE PERMANENT COLLECTION. ALLIANCES ARE FORGED WITHIN KENTUCKY, REGIONALLY, NATIONALLY AND INTERNATIONALLY IN ORDER TO PARTICIPATE IN A BROADER CONVERSATION ABOUT ART AND ITS ROLE IN SOCIETY.
EDUCATION - EDUCATIONAL OFFERINGS AT KMAC INCLUDE CAMPS, ARTIST RESIDENCIES, FIELD TRIPS, MOBILE MUSEUMS, FAMILY WORKSHOPS, AND ON AND OFF-SITE WORKSHOPS. FIELD TRIPS INCLUDE A CORE-CONTENT BASED GUIDED TOUR OF EXHIBITS, FOLLOWED BY A HANDS-ON ART PROJECT THAT STUDENTS CAN TAKE HOME. TEACHERS CHOOSE BETWEEN A THEMATIC PROJECT THAT MAKES CONNECTION TO CURRENT EXHIBITS AND A MORE SPECIFIC, HANDS-ON PROJECT TO MAKE CONNECTIONS TO CURRENT CLASSROOM STUDY. POSSIBLE PROJECTS/MEDIA INCLUDE BOOKMAKING, PRINTMAKING, PAINTING, DRAWING, FIBER ART, CERAMICS, WOOD, FOLK ART, MIXED MEDIA AND MORE. THE MOBILE MUSEUM OUTREACH PROGRAM OFFERS HANDS-ON ART PIECES AND PROJECTS WITH 13 DIFFERENT THEMES TO ENGAGE STUDENTS WITH ART OUTSIDE OF THE MUSEUM. THE SCHOLASTIC ARTIST-IN-RESIDENCE PROGRAM BRINGS A PROFESSIONAL ARTIST INTO A SCHOOL TO WORK WITH STUDENTS TO CREATE INDIVIDUAL PROJECTS TO TAKE HOME, OR A GROUP PROJECT FOR THE SCHOOL. STUDENTS AND TEACHERS WORK WITH THE ARTIST IN AN ARTS-RICH EXPERIENCE OVER SEVERAL SCHOOL VISITS THAT CAN LAST UP TO TWO WEEKS. KMAC OFFERS CAMPS THROUGHOUT THE YEAR FOR STUDENTS OF ALL AGES, WEEK-LONG SUMMER CAMPS, SPRING BREAK CAMPS, AND WINTER CAMPS TO INTRODUCE YOUNG ARTISTS TO DIFFERENT ART MEDIA AND ART-MAKING TECHNIQUES. KMAC PROVIDES FAMILY WORKSHOPS, SUITABLE FOR STUDENTS, PARENTS, AND VISITORS OF ALL AGES. THESE DROP-IN WORKSHOPS ARE AVAILABLE WHENEVER SCHOOL IS OUT AND ON SELECT WEEKENDS SO THAT PARTICIPANTS CAN CREATE A WORK OF ART WHILE LEARNING FROM AN ART EDUCATOR OR PROFESSIONAL ARTIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Del Negro President | OfficerTrustee | 2 | $0 |
Theresa Carpenter Beames Immediate Past President | Trustee | 2 | $0 |
Haven Harrington III Vice President | OfficerTrustee | 2 | $0 |
Kevin Kramer Treasurer | OfficerTrustee | 2 | $0 |
Calesia Henson Secretary | OfficerTrustee | 2 | $0 |
Marlene Grissom Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $115,290 |
| Membership dues | $16,500 |
| Fundraising events | $124,345 |
| Related organizations | $0 |
| Government grants | $387,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $461,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,105,183 |
| Total Program Service Revenue | $90,464 |
| Investment income | $27,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,031 |
| Net Gain/Loss on Asset Sales | $195,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,480,077 |
| 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. | $180,792 |
| Compensation of current officers, directors, key employees. | $55,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,179 |
| Pension plan accruals and contributions | $2,645 |
| Other employee benefits | $32,709 |
| Payroll taxes | $57,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,842 |
| Fees for services: Other | $57,528 |
| Advertising and promotion | $29,210 |
| Office expenses | $75,212 |
| Information technology | $21,854 |
| Royalties | $0 |
| Occupancy | $110,871 |
| Travel | $14,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,571 |
| Insurance | $20,001 |
| All other expenses | $0 |
| Total functional expenses | $1,660,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $43,433 |
| Accounts receivable, net | $6,952 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,151 |
| Prepaid expenses and deferred charges | $2,805 |
| Net Land, buildings, and equipment | $4,040,941 |
| Investments—publicly traded securities | $1,293,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,139,102 |
| Accounts payable and accrued expenses | $74,345 |
| Grants payable | $0 |
| Deferred revenue | $3,122 |
| 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 | $311,698 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $539,165 |
| Net assets without donor restrictions | $4,444,828 |
| Net assets with donor restrictions | $1,155,109 |
| 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 | $6,139,102 |