Delaware Art Museum

Organization Overview

Delaware Art Museum is located in Wilmington, DE. The organization was established in 1935. 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, Delaware Art Museum employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware 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 12/2021, Delaware Art Museum generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COLLECT,PRESERVE,EXHIBIT, & INTERPRET WORKS OF ART

Describe the Organization's Program Activity:

Part 3 - Line 4a

CURATORIAL EXPENSES FOR THE CONSERVATION & EXHIBITION OF ART


EDUCATION


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Board, Officers & Key Employees

Name (title)Compensation
Molly Giordano
Interim Executive Director
$160,692
Denise Davis
Chief Financial Officer
$73,696
Carol S Rothschild
Asst Secretary
$0
Christine Moritz
Vice President
$0
David Pollack
President
$0
Daniel Lindley
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allied Universal Security Services
Contract Security
$255,011
Davis Young Associates Inc
Construction
$154,037
Farrell Roofing Inc
Roofing
$191,948
Icorps Technologies Inc
It Service
$103,310
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$120,100
Fundraising events$0
Related organizations$0
Government grants $996,386
All other contributions, gifts, grants, and similar amounts not included above$3,165,375
Noncash contributions included in lines 1a–1f $10,138
Total Revenue from Contributions, Gifts, Grants & Similar$4,281,861
Total Program Service Revenue$253,990
Investment income $713,245
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $262,417
Net Income from Fundraising Events $16,493
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$397,609
Miscellaneous Revenue$0
Total Revenue $5,141,343

Grants Recieved

Over the last fiscal year, we have identified 27 grants that Delaware Art Museum has recieved totaling $786,865.

Awarding OrganizationAmount
Woolard Family Foundation Inc

Palm Beach Gardens, FL

PURPOSE: PROGRAM ASSISTANCE

$225,000
Choptank Foundation

Wilmington, DE

PURPOSE: TO SUPPORT THE MUSEUM'S TIFFANY EXHIBITION

$100,000
Welfare Foundation Inc

Wilmington, DE

PURPOSE: DELART'S ART SENTRY SECURITY PROGRAM

$75,000
Nathan M Clark Foundation

Wilmington, DE

PURPOSE: GENERAL CHARITABLE PURPOSES

$65,000
Acierno Family Foundation

Wilmington, DE

PURPOSE: THE FURTHERANCE OF CHARITABLE PROGRAMS

$50,000
Kullman Family Foundation

Wilmington, DE

PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$32,025,331
Earnings$3,681,733
Net Contributions$2,437,168
Other Expense$3,515,110
Ending Balance$34,629,122

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