Neon Museum
- Assets
- $8.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 65
- Location
- Las Vegas, NV
- Founding
- 01/1999
- Data as of
- 06/2022
- EIN
- 88-0383932
Organization Overview
Neon Museum is located in Las Vegas, NV. The organization was established in 1999. 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 06/2022, Neon Museum employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neon 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 06/2022, Neon Museum generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 12.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEON MUSEUM IS DEDICATED TO COLLECTING, PRESERVING, STUDYING AND EXHIBITING ICONIC LAS VEGAS SIGNS FOR EDUCATIONAL, HISTORIC, ARTS AND CULTURAL ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, REFURBISHMENT AND INSTALLATION OF HISTORICAL NEON SIGNS AS PART OF A MUSEUM DEVOTED TO THE PROCUREMENT, CARE, STUDY AND DISPLAY OF SUCH OBJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Spotleson Deputy Direc | Officer | 40 | $168,501 |
Dawn Merritt Cmo | Officer | 40 | $113,099 |
Aaron Berger Executive Di | Officer | 40 | $74,393 |
Adam Barthelmess Treasurer | OfficerTrustee | 2 | $0 |
Uri Vaknin Chair | OfficerTrustee | 2 | $0 |
Curt Carlson Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $162,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $685,546 |
| All other contributions, gifts, grants, and similar amounts not included above | $264,450 |
| Noncash contributions included in lines 1a–1f | $105,323 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,112,171 |
| Total Program Service Revenue | $4,654,581 |
| Investment income | $2,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,075,872 |
| 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. | $355,993 |
| Compensation of current officers, directors, key employees. | $48,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,592,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $247,409 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,474 |
| Advertising and promotion | $280,486 |
| Office expenses | $59,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,895 |
| Travel | $9,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,475 |
| Insurance | $43,895 |
| All other expenses | $379,300 |
| Total functional expenses | $5,146,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,135 |
| Savings and temporary cash investments | $4,435,112 |
| Pledges and grants receivable | $88,559 |
| Accounts receivable, net | $41,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,837 |
| Net Land, buildings, and equipment | $3,940,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,860 |
| Total assets | $8,871,637 |
| Accounts payable and accrued expenses | $270,376 |
| Grants payable | $0 |
| Deferred revenue | $446,151 |
| 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 | $500,000 |
| Other liabilities | $29,525 |
| Total liabilities | $1,246,052 |
| Net assets without donor restrictions | $7,597,974 |
| Net assets with donor restrictions | $27,611 |
| 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 | $8,871,637 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Neon Museum has recieved totaling $48,613.
| Awarding Organization | Amount |
|---|---|
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,000 |
Nv Energy Charitable Foundation Reno, NV PURPOSE: MAKE-A-RAMA!: DECEMBER TO REMEMBER | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $338 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Turtle Bay Exploration Park Redding, CA | $48,250,618 | $8,223,185 |
Palm Springs Art Museum Palm Springs, CA | $40,212,131 | $11,070,079 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |