Heard Museum
- Assets
- $33.2m
- Revenue
- $10.8m
- Investments
- $88.3k
- Employees
- 154
- Location
- Phoenix, AZ
- Founding
- 01/1936
- Data as of
- 09/2023
- EIN
- 86-0107517
Organization Overview
Heard Museum is located in Phoenix, AZ. The organization was established in 1936. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Heard Museum employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heard Museum 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 09/2023, Heard Museum generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $12.7m during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HEARD MUSEUM CONNECTS INDIGENOUS CREATIVITY TO THE WORLD BY PRESENTING (CONT'D ON SCH O) THE VOICE AND VISION OF AMERICAN INDIAN ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS FOUNDING IN 1929, THE HEARD MUSEUM HAS GROWN IN SIZE AND STATURE TO BECOME RECOGNIZED INTERNATIONALLY FOR THE QUALITY OF ITS COLLECTIONS, WORLD-CLASS EXHIBITIONS, EDUCATIONAL PROGRAMMING, AND UNMATCHED FESTIVALS. DEDICATED TO THE ADVANCEMENT OF AMERICAN INDIAN ART, THE HEARD SUCCESSFULLY PRESENTS THE STORIES OF AMERICAN INDIAN PEOPLE FROM A FIRST-PERSON PERSPECTIVE, AS WELL AS EXHIBITIONS THAT SHOWCASE THE BEAUTY AND VITALITY OF TRADITIONAL AND CONTEMPORARY ART. THE HEARD ACCOMPLISHES ITS MISSION BY: ORGANIZING EXHIBITS THAT SHOWCASE BOTH ITS COLLECTION OF MORE THAN 45,000 FINE ARTWORKS AND CULTURAL ARTS IN ITS PERMANENT COLLECTION AND ARTWORKS FROM OTHER COLLECTIONS; HOLDING SPECIAL EVENTS THAT HIGHLIGHT ONE OR MORE ASPECTS OF AMERICAN INDIAN ART, CULTURES, AND/OR HISTORY; (CONT'D ON SCH O) HOSTING APPROXIMATELY 5,100 SCHOOL CHILDREN TOURING THE MUSEUM EACH YEAR; SUPPORTING THE CAREERS OF AMERICAN INDIAN ARTISTS IN THE WORLD-CLASS HEARD MUSEUM SHOP AND IN BOOKS & MORE, A BOUTIQUE BOOKSTORE AND GIFT SHOP; OFFERING INDIGENOUS INGREDIENTS WITHIN THE MENU OF THE MUSEUM'S CAFE AND COFFEE CANTINA; AND OFFERING PROGRAMMING SUCH AS LECTURES, BOOK SIGNINGS AND PRESENTATIONS BY AMERICAN INDIAN EXPERTS IN ART, HISTORY, AND CULTURES. APPROXIMATELY 138,000 PEOPLE VISITED THE MUSEUM DURING THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lomax Chair | OfficerTrustee | 4 | $0 |
John Coggins Vice Chair | OfficerTrustee | 4 | $0 |
Karen Abraham Treasurer | OfficerTrustee | 4 | $0 |
Ginger Sykes Torres Secretary | OfficerTrustee | 4 | $0 |
Adrian Cohen Trustee | Trustee | 1 | $0 |
Christy Vezolles Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Okland Construction Construction Services | 9/29/23 | $1,222,629 |
Lane Terralever Advertising & Promotion | 9/29/23 | $495,743 |
Affirmative Technology Group Information Technology Services | 9/29/23 | $346,685 |
Pro Em Llc Event Management Services | 9/29/23 | $163,984 |
Dlr Group Inc Construction Design Services | 9/29/23 | $143,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,108,984 |
| Fundraising events | $1,146,137 |
| Related organizations | $136,839 |
| Government grants | $405,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,779,655 |
| Noncash contributions included in lines 1a–1f | $134,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,576,696 |
| Total Program Service Revenue | $2,487,437 |
| Investment income | $277,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $540 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,559 |
| Net Income from Fundraising Events | -$57,691 |
| Net Income from Gaming Activities | $6,002 |
| Net Income from Sales of Inventory | $1,507,942 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,832,510 |
| 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. | $984,088 |
| Compensation of current officers, directors, key employees. | $348,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,185,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $291,986 |
| Payroll taxes | $357,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,969 |
| Fees for services: Accounting | $76,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,624 |
| Fees for services: Other | $1,495,104 |
| Advertising and promotion | $397,094 |
| Office expenses | $438,492 |
| Information technology | $157,163 |
| Royalties | $0 |
| Occupancy | $626,043 |
| Travel | $56,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,280,727 |
| Insurance | $0 |
| All other expenses | $343,578 |
| Total functional expenses | $12,686,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $525,464 |
| Savings and temporary cash investments | $3,082,310 |
| Pledges and grants receivable | $1,199,336 |
| Accounts receivable, net | $4,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,317,987 |
| Prepaid expenses and deferred charges | $214,198 |
| Net Land, buildings, and equipment | $14,449,839 |
| Investments—publicly traded securities | $12,134,527 |
| Investments—other securities | $88,272 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,420 |
| Total assets | $33,188,099 |
| Accounts payable and accrued expenses | $1,168,843 |
| Grants payable | $0 |
| Deferred revenue | $591,109 |
| 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 | $444,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $257,926 |
| Total liabilities | $2,462,053 |
| Net assets without donor restrictions | $18,907,035 |
| Net assets with donor restrictions | $11,819,011 |
| 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 | $33,188,099 |