Boise Art Museum Incorporated
- Assets
- $6.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 59
- Location
- Boise, ID
- Founding
- 02/1975
- Data as of
- 04/2024
- EIN
- 82-0256187
Organization Overview
Boise Art Museum Incorporated is located in Boise, ID. The organization was established in 1975. 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 04/2024, Boise Art Museum Incorporated employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boise Art Museum Incorporated 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 04/2024, Boise Art Museum Incorporated generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.8m during the year ending 04/2024. While expenses have increased by 5.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE VISUAL ARTS EXPERIENCES THAT ENGAGE PEOPLE AND INSPIRE LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - THE MUSEUM PRESENTS A RANGE OF ART EXHIBITIONS ANNUALLY, ADDRESSING A WIDE SPECTRUM OF ARTISTS, ARTISTIC MEDIA, TIME PERIODS AND STYLES, ALL OF WHICH REFLECT DIVERSITY AND EXCELLENCE IN THE VISUAL ARTS.
EDUCATION - THE MUSEUM'S EDUCATION PROGRAMS PROVIDE VISITORS WITH OPPORTUNITIES TO HAVE MEANINGFUL EXPERIENCES WITH ORIGINAL WORKS OF ART. LECTURES, TOURS, CLASSES, CAMPS, OUTREACH, CATALOGUES, INTERPRETIVE TEXT PANELS, AUDIO TOURS, HANDOUTS, IN-GALLERY MATERIALS, VIDEOS AND TEACHER EDUCATION ENHANCE EXHIBITIONS AND MEET THE LEARNING NEEDS OF PEOPLE OF ALL AGES AND ABILITIES.
ART COLLECTION - BOISE ART MUSEUM IS THE ONLY NATIONALLY ACCREDITED COLLECTING ART MUSEUM IN IDAHO THAT ACTIVELY COLLECTS AND CONSERVES VISUAL ART. THE MUSEUM HAS A GROWING COLLECTION OF MORE THAN 4,250 ART OBJECTS COMPRISED OF MODERN AND CONTEMPORARY AMERICAN ART INCLUDING ARTISTS FROM IDAHO AND THE NORTHWEST, AS WELL AS ASIAN AND AFRICAN ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Weltzin President | OfficerTrustee | 2 | $0 |
Angela Baylis President-Elect | OfficerTrustee | 2 | $0 |
Cheryl Thompson Past President | OfficerTrustee | 2 | $0 |
Amy Rustad Secretary | OfficerTrustee | 2 | $0 |
Jim Brandstetter Treasurer | OfficerTrustee | 2 | $0 |
Melanie Fales Executive Director/ceo | OfficerTrustee | 40 | $212,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $149,870 |
| Fundraising events | $12,231 |
| Related organizations | $0 |
| Government grants | $98,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $881,430 |
| Noncash contributions included in lines 1a–1f | $1,718 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,141,606 |
| Total Program Service Revenue | $189,168 |
| Investment income | $145,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,177 |
| Net Income from Fundraising Events | $457,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,742 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,025,957 |
| 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. | $203,359 |
| Compensation of current officers, directors, key employees. | $29,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $700,168 |
| Pension plan accruals and contributions | $9,512 |
| Other employee benefits | $50,564 |
| Payroll taxes | $66,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,754 |
| Fees for services: Other | $253,936 |
| Advertising and promotion | $19,706 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,674 |
| Travel | $17,197 |
| 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 | $40,619 |
| Insurance | $19,476 |
| All other expenses | $11,702 |
| Total functional expenses | $1,842,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,858 |
| Savings and temporary cash investments | $2,155,974 |
| 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 | $29,422 |
| Prepaid expenses and deferred charges | $14,693 |
| Net Land, buildings, and equipment | $183,739 |
| Investments—publicly traded securities | $3,252,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $447,295 |
| Total assets | $6,129,186 |
| Accounts payable and accrued expenses | $76,215 |
| Grants payable | $0 |
| Deferred revenue | $45,785 |
| 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 | $499,547 |
| Total liabilities | $621,547 |
| Net assets without donor restrictions | $4,167,838 |
| Net assets with donor restrictions | $1,339,801 |
| 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 | $6,129,186 |