Eugene And Margaret Medermott Art Fund Inc

Organization Overview

Eugene And Margaret Medermott Art Fund Inc is located in Dallas, TX. The organization was established in 1995. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eugene And Margaret Medermott Art Fund 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 05/2022, Eugene And Margaret Medermott Art Fund Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $33.2k during the year ending 05/2022. While expenses have increased by 9.8% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACQUISITION AND DISPLAY OF ART OBJECTS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2
Dividends & Interest $674,248
Net Rental Income$0
Net Gain on Sale of Assets $916,991
Capital Gain Net Income $916,991
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $123
Total Revenue $1,591,364

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