Nevada Museum Of Art Inc
- Assets
- $65.9m
- Revenue
- $23.9m
- Investments
- $747.1k
- Employees
- 101
- Location
- Reno, NV
- Founding
- 03/1961
- Data as of
- 12/2021
- EIN
- 88-6003042
Organization Overview
Nevada Museum Of Art Inc is located in Reno, NV. The organization was established in 1961. 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 12/2021, Nevada Museum Of Art Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Museum Of 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, Nevada Museum Of Art Inc generated $23.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CULTURAL AND EDUCATIONAL RESOURCE FOR EVERY MEMBER OF THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEVADA MUSEUM OF ART, INC. (THE "MUSEUM") IS A NOT-FOR-PROFIT ORGANIZATION HOUSED IN A CONTEMPORARY BUILDING IN RENO, NEVADA DESIGNED BY RENOWNED ARCHITECT WILL BRUDER. FOUNDED IN 1931, THE MUSEUM IS ONE OF THE OLDEST CULTURAL INSTITUTIONS IN NEVADA AND IS THE ONLY MUSEUM IN THE STATE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. THE MUSEUM PRESENTS A WIDE VARIETY OF VISUAL ARTS EXHIBITIONS, EDUCATIONAL PROGRAMS AND STUDIO CLASSES, FILMS, AND SPECIAL EVENTS. THE PERMANENT COLLECTION OF THE MUSEUM IS DIVIDED INTO FOUR FOCUS AREAS AND CONSISTS OF MORE THAN 2,000 WORKS OF ART ORGANIZED AROUND GENERAL THEMES OF LAND AND ENVIRONMENT. MANY OF THE MUSEUM'S EXHIBITIONS AND PROGRAMS ARE DEVELOPED AS CONTENT FOR THE CENTER FOR ART + ENVIRONMENT, WHICH AIMS TO SUPPORT THE PRACTICE, STUDY, AND AWARENESS OF CREATIVE INTERACTIONS BETWEEN PEOPLE AND THEIR ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Walker CEO | OfficerTrustee | 40 | $356,283 |
Amy Oppio Coo/deputy Director | 40 | $150,247 | |
Ann Wolfe Head Curator/deputy Director | 40 | $130,273 | |
Mary Ann Mcauliffe President Of Museum Advancement | 40 | $118,917 | |
Mary Solorzano Director Of Finance | Officer | 40 | $111,015 |
Charlotte Mcconnell Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark & Sullivan Construction Inc Construction Remodel | 12/30/15 | $3,188,647 |
Will Bruder Architects Ltd Architectual Design | 12/30/15 | $259,943 |
Culatello Llc Catering And Special Events | 12/30/15 | $338,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,191,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,854,346 |
| Noncash contributions included in lines 1a–1f | $29,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,045,564 |
| Total Program Service Revenue | $1,003,495 |
| Investment income | $462,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $168,023 |
| Net Gain/Loss on Asset Sales | $102,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $157,161 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,939,678 |
| 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. | $560,075 |
| Compensation of current officers, directors, key employees. | $174,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,587,144 |
| Pension plan accruals and contributions | $47,827 |
| Other employee benefits | $199,527 |
| Payroll taxes | $226,558 |
| 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 | $138,964 |
| Fees for services: Other | $855,199 |
| Advertising and promotion | $100,861 |
| Office expenses | $483,541 |
| Information technology | $70,001 |
| Royalties | $43,650 |
| Occupancy | $469,779 |
| Travel | $83,278 |
| 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 | $685,349 |
| Insurance | $100,371 |
| All other expenses | $31,924 |
| Total functional expenses | $8,074,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $946,710 |
| Savings and temporary cash investments | $7,588,761 |
| Pledges and grants receivable | $23,566,036 |
| Accounts receivable, net | $35,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $240,843 |
| Prepaid expenses and deferred charges | $337,296 |
| Net Land, buildings, and equipment | $17,805,368 |
| Investments—publicly traded securities | $14,603,311 |
| Investments—other securities | $747,056 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,871,084 |
| Accounts payable and accrued expenses | $498,311 |
| Grants payable | $0 |
| Deferred revenue | $266,637 |
| 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 | $8,269 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $773,217 |
| Net assets without donor restrictions | $24,720,633 |
| Net assets with donor restrictions | $40,377,234 |
| 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 | $65,871,084 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nevada Museum Of Art Inc has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Jacquie Foundation Incline Village, NV PURPOSE: GENERAL OPERATIONS | $50,000 |
Deborah And T J Day Foundation Reno, NV PURPOSE: TO SUPPORT PROGRAMS THAT PROVIDE EDUCATIONAL RESOURCES FOR EVERYONE. | $50,000 |
Harvey And Leslie Wagner Foundation Incline Village, NV PURPOSE: GENERAL BUDGET | $10,000 |
The Codd Family Foundation Reno, NV PURPOSE: DIRECT OR LEVEL SPONSORSHIP | $10,000 |
Endowment Analysis
| Beg. Balance | $13,688,007 |
| Earnings | $1,212,166 |
| Net Contributions | $122,575 |
| Other Expense | $676,932 |
| Ending Balance | $14,345,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
San Diego Museum Of Art San Diego, CA | $78,902,831 | $13,995,818 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
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 |