Santa Barbara Museum Of Art
- Assets
- $142.2m
- Revenue
- $22.1m
- Investments
- $5.6m
- Employees
- 94
- Location
- Santa Barbara, CA
- Founding
- 04/1985
- Data as of
- 06/2021
- EIN
- 95-1664122
Organization Overview
Santa Barbara Museum Of Art is located in Santa Barbara, CA. The organization was established in 1985. 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, Santa Barbara Museum Of Art employed 94 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Santa Barbara Museum Of Art 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, Santa Barbara Museum Of Art generated $22.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $7.3m 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
TO INTEGRATE ART INTO THE LIVES OF PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATORIAL - CURATE MULTIPLE EXHIBITIONS. ACQUIRE, ACCEPT, MAINTAIN AND CONSERVE WORKS OF ART. RESEARCH FOR AND PUBLICATION OF CATALOGS. PRESENT SCHOLARLY SYMPOSIUMS AND LECTURES.
EDUCATION - PROVIDE FREE IN-DEPTH, CURRICULUM-BASED DOCENT TOURS FOR K-12 STUDENTS, ART EDUCATION OUTREACH TO THE COMMUNITY, PROVIDE LECTURES, POETRY READINGS, DOCENT TOURS AND ART ACTIVITIES FOR THE COMMUNITY.
MEMBER TOURS - PROVIDE FIRST HAND EXPOSURE TO GREAT ART, ARCHITECTURE, GARDENS AND ARCHEOLOGICAL SITES FOR MEMBERS OUTSIDE THE CONFINES OF THE MUSEUM. THESE TOURS PROVIDE A CONTEXTUAL REFERENCE FOR THE MUSEUM'S COLLECTION AND EXHIBITIONS.
MEMBERSHIP - EXHIBITION OPENINGS, PREVIEWS, LECTURES AND EVENTS, QUARTERLY NEWSLETTER HIGHLIGHTING THE ACTIVITIES OF THE MUSEUM, INTERNATIONAL TOURS HIGHLIGHTING THE ART OF DIFFERENT CULTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Feinberg Director And CEO | Officer | 40 | $216,951 |
Diane Lyytikainen Chief Financial Officer | Officer | 40 | $166,587 |
Eileen Kahng Deputy Director And Chief | 40 | $136,513 | |
Karen Kawaguchi Director Of External Affai | 40 | $120,007 | |
Bruce Worster Secretary And Trustee | OfficerTrustee | 5 | $0 |
Nicholas Mutton Vice Chair & Trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Bradford Branding & Marketing | 6/29/16 | $118,050 |
Kupiec Architects Pc Architectural Services | 6/29/16 | $686,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,227 |
| Fundraising events | $0 |
| Related organizations | $85,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,771,904 |
| Noncash contributions included in lines 1a–1f | $654,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,995,131 |
| Total Program Service Revenue | $186,642 |
| Investment income | $1,601,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,923,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,536 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,074,169 |
| 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. | $652,136 |
| Compensation of current officers, directors, key employees. | $528,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,176,661 |
| Pension plan accruals and contributions | $104,175 |
| Other employee benefits | $707,321 |
| Payroll taxes | $267,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,093 |
| Fees for services: Accounting | $58,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,780 |
| Advertising and promotion | $0 |
| Office expenses | $143,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $383,615 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $422,900 |
| Insurance | $248,244 |
| All other expenses | $0 |
| Total functional expenses | $7,262,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,060,105 |
| Savings and temporary cash investments | $1,789,981 |
| Pledges and grants receivable | $2,853,161 |
| Accounts receivable, net | $7,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,226 |
| Prepaid expenses and deferred charges | $212,132 |
| Net Land, buildings, and equipment | $52,435,869 |
| Investments—publicly traded securities | $59,667,242 |
| Investments—other securities | $5,570,654 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,487,173 |
| Total assets | $142,171,274 |
| Accounts payable and accrued expenses | $1,154,515 |
| Grants payable | $0 |
| Deferred revenue | $584,052 |
| 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 | $7,576,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,598 |
| Total liabilities | $9,317,445 |
| Net assets without donor restrictions | $84,006,816 |
| Net assets with donor restrictions | $48,847,013 |
| 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 | $142,171,274 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Santa Barbara Museum Of Art has recieved totaling $878,793.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: ARTS, CULTURE, AND HUMANITIES | $349,818 |
Luria Foundation Santa Barbara, CA PURPOSE: IMAGINE MORE CAMPAIGN | $100,000 |
Luria Foundation Santa Barbara, CA PURPOSE: CONTEMPORARY ART COLLECTION | $80,000 |
Luria Foundation Santa Barbara, CA PURPOSE: CONTEMPORARY ART COLLECTION | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $67,405 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $60,750 |
Endowment Analysis
| Beg. Balance | $51,290,439 |
| Earnings | $15,473,591 |
| Net Contributions | $20,075 |
| Other Expense | $9,791,837 |
| Ending Balance | $65,237,896 |
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 |
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 |
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 |