Frist Art Museum

Organization Overview

Frist Art Museum is located in Nashville, TN. The organization was established in 1998. 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 12/2021, Frist Art Museum employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frist Art Museum 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 12/2020, Frist Art Museum generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $11.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PRESENT AND ORIGINATE HIGH QUALITY EXHIBITIONS WITH RELATED EDUCATIONAL PROGRAMS AND COMMUNITY OUTREACH ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITIONS: HOSTED TRAVELING ART EXHIBITIONS FROM THE UNITED STATES AND ABROAD, AS WELL AS INTERNAL DEVELOPMENT OF ART EXHIBITIONS ON A DIVERSE RANGE OF THEMES.


EDUCATION AND ENGAGEMENT: OFFERED A WIDE VARIETY OF ACCESSIBLE AND AFFORDABLE PROGRAMS DESIGNED TO ASSIST PEOPLE OF ALL AGES AND BACKGROUNDS TO BECOME MORE KNOWLEDGEABLE AND APPRECIATIVE OF ART.


MEMBER AND GUEST SERVICES: THE FRIST ART MUSEUM PROVIDES AN ENRICHING MEMBER AND GUEST EXPERIENCE THROUGH GALLERY GUIDANCE. EXHIBITION CONTENT IS MADE AVAILABLE TO MEMBERS AND GUESTS THROUGH MEMBER PUBLICATIONS, AUDIO GUIDES, AND EXHIBITION BROCHURES.


GIFT SHOP: OFFERED WIDE SELECTION OF ARTS & CRAFTS SUPPLIES,EDUCATIONAL MATERIALS, PUBLICATIONS, CATALOGUES AND GIFT ITEMS THAT ARERELATED TO EXHIBITIONS & PROGRAMS. ALSO FEATURED ARE SELECTEXHIBITION-RELATED ITEMS BY LOCAL ARTISANS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Walden Security Inc
Security Services
$445,712
Wolfe Woodworking
Exhibition Displays
$326,515
Nashville Talent Payment Inc
Temporary Employees
$235,443
Tristar Building Services
Janitorial Services
$104,525
Bohan Advertising
Advertising Services
$510,622
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$11,048,829
Investment income $33,362
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $18,982
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 $107,909
Miscellaneous Revenue$0
Total Revenue $12,277,490

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Frist Art Museum has recieved totaling $42,125.

Awarding OrganizationAmount
Milton And Denice Johnson Family Foundation

Nashville, TN

PURPOSE: OPERATIONAL SUPPORT

$30,000
Elizabeth And Eric Ward Family Foundation

College Grove, TN

PURPOSE: FURTHER EXEMPT PURPOSE

$5,500
Ryman Hospitality Properties Foundation

Nashville, TN

PURPOSE: GRANT FOR SUPPORT OF PROGRAM MISSION FOR ARTS

$5,000
Jeff And Tina Adams Family Foundation

Columbia, TN

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$1,500
Coddon Family Foundation

Nashville, TN

PURPOSE: UNRESTRICTED GIFT

$125
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$199,600
Earnings$37,107
Other Expense$37,107
Ending Balance$199,600

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