Lafayette Museum Of Fine Art Inc
- Assets
- $260.4k
- Revenue
- $50.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, CA
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-4036867
Organization Overview
Lafayette Museum Of Fine Art Inc is located in Lafayette, CA. The organization was established in 2017. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Lafayette Museum Of Fine 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 12/2021, Lafayette Museum Of Fine Art Inc generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $62.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL TOURS AND LECTURES TO PEOPLE OF ALL AGES ABOUT THE IMPORTANCE OF ART. THE ORGANIZATION ALSO SUPPORTED ANOTHER NONPROFIT THAT PROVIDES ART & LANGUAGE EDUCATION TO NON-ENGLISH SPEAKING INDIVIDUALS.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Paige Secretary | 1 | $0 | |
Kenneth Paige President | 4 | $0 | |
Christine Considine Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,454 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,727 |
| Total operating and administrative expenses | $59,477 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $62,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,497 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $244,900 |
| Total assets | $260,397 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lafayette Museum Of Fine Art Inc has recieved totaling $17,405.
| Awarding Organization | Amount |
|---|---|
San Francisco Foundation San Francisco, CA PURPOSE: ADVISED - FOR GENERAL OPERATING SUPPORT. | $17,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |
Santa Barbara Museum Of Art Santa Barbara, CA | $142,171,274 | $22,074,169 |
Museum Of Contemporary Art San Diego San Diego, CA | $162,622,820 | $13,720,273 |
Norton Simon Museum Of Art At Pasadena Pasadena, CA | $122,399,582 | $8,241,771 |
San Jose Museum Of Art Association San Jose, CA | $16,287,073 | $5,738,899 |
Orange County Museum Of Art Costa Mesa, CA | $94,177,600 | $20,684,828 |
Broad Art Foundation Los Angeles, CA | $604,724,418 | $1,209,304 |
Tucson Museum Of Art Tucson, AZ | $11,220,910 | $5,263,730 |
Laguna Art Museum Laguna Beach, CA | $5,795,493 | $2,876,596 |
Frederick R Weisman Art Foundation Los Angeles, CA | $103,361,969 | $3,711,410 |
Museum Of Craft And Design San Francisco, CA | $8,469,025 | $2,375,562 |