Fresno Art Museum
- Assets
- $8.4m
- Revenue
- $931.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Fresno, CA
- Founding
- 09/1953
- Data as of
- 06/2021
- EIN
- 94-1358318
Organization Overview
Fresno Art Museum is located in Fresno, CA. The organization was established in 1953. 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 06/2021, Fresno Art Museum employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresno Art 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 06/2021, Fresno Art Museum generated $931.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $776.4k during the year ending 06/2021. 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
ART EXHIBITION AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PERSON ATTENDANCE OF EXHIBITIONS OF ART, SCHOOL TOURS AND CLASSES AND GUIDED TOURS WERE LARGELY DISCONTINUED IN PERSON, DUE TO COVID-19 SHUT DOWN RESTRICTIONS. ONLINE AND INTERNET CLASSES AND TOURS WERE UTILIZED TO FULFILL THIS SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Pracy Executive Director | Officer | 40 | $71,000 |
Gerald Palladino President | Officer | 3 | $0 |
Adrian Wirstiuk Secretary | Officer | 2 | $0 |
Deborah Monis Treasurer | Officer | 3 | $0 |
Cala Carter Vice President | Officer | 3 | $0 |
Jeffrey Jaech Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,951 |
| Fundraising events | $1,900 |
| Related organizations | $0 |
| Government grants | $174,576 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,785 |
| Noncash contributions included in lines 1a–1f | $1,772 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,212 |
| Total Program Service Revenue | $45,745 |
| Investment income | $219,664 |
| 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 | $931,398 |
| 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. | $71,000 |
| Compensation of current officers, directors, key employees. | $71,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,349 |
| Payroll taxes | $34,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,673 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,454 |
| Office expenses | $22,108 |
| Information technology | $17,141 |
| Royalties | $0 |
| Occupancy | $129,468 |
| Travel | $155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $389 |
| Interest | $9,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,247 |
| Insurance | $17,983 |
| All other expenses | $4,097 |
| Total functional expenses | $776,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$99 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,223 |
| Prepaid expenses and deferred charges | $144,115 |
| Net Land, buildings, and equipment | $288,030 |
| Investments—publicly traded securities | $1,108,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,803,896 |
| Total assets | $8,439,415 |
| Accounts payable and accrued expenses | $55,306 |
| Grants payable | $0 |
| Deferred revenue | $201,155 |
| 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 | $106,180 |
| Other liabilities | $0 |
| Total liabilities | $362,641 |
| Net assets without donor restrictions | $8,076,774 |
| Net assets with donor restrictions | $0 |
| 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 | $8,439,415 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Fresno Art Museum has recieved totaling $42,530.
| Awarding Organization | Amount |
|---|---|
Daniel R Martin Family Foundation Inc Fresno, CA PURPOSE: GENERAL | $25,000 |
Bonner Family Foundation Fresno, CA PURPOSE: GENERAL FUND / CHARITABLE GIFT | $10,000 |
Leon S Peters Foundation Fresno, CA PURPOSE: FUNDS FOR OPERATION AND ADMINISTRATION | $5,000 |
Briscoe Family Foundation Fresno, CA PURPOSE: SUPPORT THE OPERATIONS AND NEEDS OF THE FRESNO ART MUSEUM, OFFERING A DYNAMIC EXPERIENCE FOR APPRECIATING ART. | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $757 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $938,796 |
| Earnings | $219,664 |
| Other Expense | $50,014 |
| Ending Balance | $1,108,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Asian Art Museum Foundation Of San Francisco San Francisco, CA | $256,031,716 | $41,593,816 |
Armand Hammer Museum Of Art And Cultural Center Inc Los Angeles, CA | $286,371,378 | $27,039,549 |
Portland Art Museum Portland, OR | $150,113,696 | $27,542,215 |
The Broad Los Angeles, CA | $573,557,667 | $36,313,761 |
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 |
Honolulu Museum Of Art Honolulu, HI | $136,524,458 | $12,640,830 |
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 |