Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust
- Assets
- $68.0m
- Revenue
- $9.4m
- Investments
- $24.6m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1953
- Data as of
- 12/2021
- EIN
- 91-0659435
Organization Overview
Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust is located in Seattle, WA. The organization was established in 1953. According to its NTEE Classification (A50) the organization is classified as: 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. Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust 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, Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust generated $9.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $8.7m during the year ending 12/2021. While expenses have increased by 1.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE MUSEUM OPERATES & ADMINISTERS A FREE PUBLIC ART MUSEUM. IN ADDITION TO THE DISPLAY OF THE ITEMS IN ITS PERMANENT COLLECTION, THE MUSEUM OFFERS MANY TEMPORARY EXHIBITS EACH YEAR THAT CONCENTRATE ON SPECIFIC ARTISTS OR THEMES. APPROXIMATELY 27,000 PEOPLE VIEW THESE EXHIBITIONS ANNUALLY SEE PART XV-B FOR MORE DETAILS.
FREE & FEE-BASED CLASSES ARE PROVIDED TO ADULTS & CHILDREN ON TOPICS SUCH AS ART HISTORY, DRAWING AND SCULPTURE, AS WELL AS SUBJECTS SPECIFIC TO THE PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS. THE MUSEUM PRESENTS LECTURES, WORKSHOPS AND GUIDED TOURS COVERING A VARIETY OF TOPICS.CLASSES AND LECTURES INCLUDE OUR "SMALL FRYE" SERIES FOR CHILDREN, MANY SCHOOL PROGRAMS INCLUDING THOSE ADMINISTERED THRU BAILEY GATZERT PUBLIC ELEMENTARY SCHOOL, AND PROGRAMS FOR SENIORS WITH COGNITIVE ISSUES, SUCH AS ALZEIMER'S CAFE AND THE HERE:NOW SERIES. APPROXIMATELY 28,000 ADULTS ANDCHILDREN PARTICIPATE IN THESE PROGRAMS ANNUALLY. SEE PART XV-B FOR MORE DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Rosa Director/ceo | 35 | $255,646 | |
Tom Mitchell Cfo/coo | 35 | $203,111 | |
Becky Kowals Senior Director Of D | 35 | $142,800 | |
Dana Forhan Senior Property Mana | 35 | $116,373 | |
Michelle Cheng Dir. Of Edu. & Com. | 35 | $100,045 | |
Elaine Bolieu Controller | 35 | $88,359 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hillis Clare Martin & Peterson | 12/30/21 | $63,731 |
Exp Technical | 12/30/21 | $82,629 |
Moss Adams | 12/30/21 | $65,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $957,028 |
| Interest on Savings | $178 |
| Dividends & Interest | $737,944 |
| Net Rental Income | $4,041,001 |
| Net Gain on Sale of Assets | $349,379 |
| Capital Gain Net Income | $1,919,703 |
| Net ST Capital Gain | $159,155 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $68,979 |
| Other Income | $461,399 |
| Total Revenue | $9,421,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $575,421 |
| Other employee salaries and wages | $2,567,881 |
| Pension plans, employee benefits | $411,643 |
| Interest | $56,373 |
| Taxes | $261,855 |
| Depreciation | $1,335,434 |
| Occupancy | $1,986,410 |
| Travel, conferences, and meetings | $61,024 |
| Printing and publications | $79,662 |
| Other expenses | $948,097 |
| Total operating and administrative expenses | $8,740,449 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,740,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,401 |
| Savings and temporary cash investments | $1,414,679 |
| Net Accounts receivable | $715,508 |
| Net Pledges Receivable | $42,284 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $66,768 |
| Prepaid expenses and deferred charges | $2,497,056 |
| Net Investments - land, buildings, equipment | $25,078,807 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,588,361 |
| Net Land, buildings, and equipment | $12,792,409 |
| Other assets | $148,050 |
| Total assets | $67,990,835 |
| Accounts payable and accrued expenses | $498,814 |
| Grants payable | $0 |
| Deferred revenue | $179,754 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,371,055 |
| Other liabilities | $496,516 |
| Total liabilities | $3,546,139 |
Grants Awarded
Over the last fiscal year, Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust has awarded $1,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: BENEFIT ART AUCTION SPONSORSHIP | $1,500 |
Seattle, WA PURPOSE: SEATTLE CULTURAL ACCESSIBILITY CONSORTIUM | $200 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust has recieved totaling $129,800.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $29,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust Seattle, WA | $67,990,835 | $9,421,562 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |
Flying Heritage & Combat Armor Museum Severett, WA | $57,687,450 | $4,791,140 |
Sno-King Ice Sports Kirkland, WA | $2,403,737 | $2,901,295 |
Columbia River Maritime Museum Inc Astoria, OR | $27,133,708 | $10,271,351 |
Lemay-Americas Car Museum Tacoma, WA | $51,076,971 | $3,774,944 |
Bainbridge Island Museum Of Art Bainbridge Island, WA | $19,171,950 | $2,672,018 |
Bird Aviation Museum And Invention Center Inc Coeur Dalene, ID | $2,243,329 | $40,164 |
Alutiiq Heritage Foundation Kodiak, AK | $6,297,980 | $6,482,918 |
Western Antique Aeroplane Andautomobile Museum Hood River, OR | $6,901,365 | $1,601,440 |
Northwest African American Museum Inc Seattle, WA | $2,508,685 | $2,382,834 |
George Weyerhaeuser Pacific Rim Bonsai Collection A Nonprofit Corp Federal Way, WA | $1,875,822 | $931,817 |