Michelson Museum Of Art
- Assets
- $3.0m
- Revenue
- $221.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Marshall, TX
- Founding
- 08/1985
- Data as of
- 08/2022
- EIN
- 75-2019491
Organization Overview
Michelson Museum Of Art is located in Marshall, TX. The organization was established in 1985. 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 08/2022, Michelson Museum Of Art employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michelson Museum Of Art 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 08/2022, Michelson Museum Of Art generated $221.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $222.4k during the year ending 08/2022. While expenses have increased by 2.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ART MUSEUM PROVIDES ART AND ART HISTORY INSTRUCTION CLASSES IN PARTNERSHIP WITH VAROUS SCHOOLS THROUGHOUT EAST TEXAS, INCLUDING EARLY CHILDHOOD CHILDREN TO COLLEGE AND UNIVERSITY STUDENTS. PROGRAMS AND TOURS CAN BE INTERACTIVE OR HAND ON, AS REQUESTED.THE MICHELSON MUSEUM CONTINUES TO PROVIDE SUMMER ART CLASSES THROUGHOUT THE SUMMER MONTHS TO STUDENTS OF ALL AGES (AT NO CHARGE TO THE STUDENTS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ART MUSEUM PROVIDES ART AND ART HISTORY INSTRUCTION CLASSES IN PARTNERSHIP WITH VARIOUS SCHOOLS THROUGHOUT EAST TEXAS, INCLUDING EARLY CHILD-HOOD CHILDREN TO COLLEGE AND UNIVERSITY STUDENTS. PROGRAMS AND TOURS CAN BE INTERACTIVE OR HANDS-ON, AS REQUESTED.THE MICHELSON MUSEUM CONTINUES TO PROVIDE SUMMER ART CLASSES THROUGHOUT THE SUMMER MONTHS TO STUDENTS OF ALL AGES (AT NO CHARGE TO THE STUDENTS).THE MUSEUM SPONSORS NUMEROUS EXHIBITS, INCLUDING ITS OWN COLLECTIONS AND THAT OF OUTSIDE ARTISTS AND/OR OTHER MUSEUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Spears Executive Dir. | OfficerTrustee | 40 | $0 |
Susan Carlile 1st VP | OfficerTrustee | 0 | $0 |
Raymond Kelly 2nd VP | OfficerTrustee | 0 | $0 |
Joy Berry President | OfficerTrustee | 0 | $0 |
Karen Helton Secretary | OfficerTrustee | 0 | $0 |
Amanda Wynn President Elect | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,028 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,795 |
| Total Program Service Revenue | $0 |
| Investment income | $69,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,571 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,305 |
| Office expenses | $1,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,329 |
| Insurance | $0 |
| All other expenses | $26,030 |
| Total functional expenses | $222,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,406 |
| Net Land, buildings, and equipment | $55,516 |
| Investments—publicly traded securities | $2,953,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,022,302 |
| Accounts payable and accrued expenses | $122 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $122 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $40,830 |
| Paid-in or capital surplus, or land, building, or equipment fund | $75,468 |
| Retained earnings, endowment, accumulated income, or other funds | $2,905,882 |
| Total liabilities and net assets/fund balances | $3,022,302 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Michelson Museum Of Art has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Jonesville Foundation Marshall, TX PURPOSE: TOWARDS EDUCATIONAL PROGRAMS FOR CHILDREN | $50,000 |
H E And Ruby Pelz Tr 2 Marshall, TX PURPOSE: OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $2,957,464 |
| Earnings | $36,079 |
| Other Expense | $40,000 |
| Ending Balance | $2,953,543 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Dallas Museum Of Art Dallas, TX | $327,815,938 | $26,890,508 |
Menil Foundation Inc Houston, TX | $910,076,505 | $43,342,663 |
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |