Peter Bullough Foundation
- Assets
- $6.3m
- Revenue
- $4.6m
- Investments
- $4.3m
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1954927
Organization Overview
Peter Bullough Foundation is located in Winchester, VA. The organization was established in 2019. 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. Peter Bullough Foundation 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, Peter Bullough Foundation generated $4.6m in total revenue. All expenses for the organization totaled $314.5k during the year ending 12/2021. While expenses have increased by 125.5% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PETER BULLOUGH FOUNDATION BELIEVES IN SUPPORTING EMERGING ARTISTS IN A VARIETY OF WAYS, THROUGH AN INTERDISCIPLINARY ARTIST RESIDENCY AND THROUGH SHARING THE COLLECTION OF DR. PETER BULLOUGH, WHICH CONTAINS MANY PIECES FROM STUDENTS DR. BULLOUGH SUPPORTED. THE FOUNDATION ALSO HOSTS EVENTS AND GALLERY SHOWINGS THROUGHOUT THE YEAR
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Mooney Executive Dir. | 40 | $79,000 | |
Stephen Jakobovic Director | 2 | $0 | |
Mary Margaret Wise Director | 2 | $0 | |
Myra Paci Vice President | 2 | $0 | |
Dr Mark Edgar Director | 2 | $0 | |
Anand Jagannath President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,568,273 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,907 |
| Capital Gain Net Income | $4,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,602,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,000 |
| Other employee salaries and wages | $55,641 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,123 |
| Depreciation | $24,056 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $363 |
| Printing and publications | $0 |
| Other expenses | $78,914 |
| Total operating and administrative expenses | $314,459 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $314,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,734 |
| 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 | $924,145 |
| Other assets | $1,091,099 |
| Total assets | $6,302,491 |
| 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 | $6,162 |
| Total liabilities | $6,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peter Bullough Foundation has recieved totaling $7,250.
| Awarding Organization | Amount |
|---|---|
Mooney Family Foundation Enola, PA PURPOSE: PUBLIC PURPOSE | $7,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
Phillips Collection Washington, DC | $115,569,748 | $10,501,207 |
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Mint Museum Of Art Inc Charlotte, NC | $80,854,701 | $6,923,462 |
National Museum Of Women In The Arts Inc Washington, DC | $143,899,060 | $28,831,292 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |