Patrons Of The Arts In The Vatican Museums Inc
- Assets
- $26.5k
- Revenue
- $178.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Northville, MI
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 03-0424916
Organization Overview
Patrons Of The Arts In The Vatican Museums Inc, operating under the name Museums Inc, is located in Northville, MI. The organization was established in 2002. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Museums 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, Museums Inc generated $178.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $232.2k during the year ending 12/2021. 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 RAISE FUND FOR THE PRESERVATION, CARE, EXHIBITION, AND RESTORATION OF THE ART COLLECTIONS ENTRUSTED TO THE VATICAN MUSEUMS, VATICAN CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO VATICAN ARTS FOR THE PRESERVATION, CARE, EXHIBITION, AND RESTORATION OF THE ART COLLECTIONS ENTRUSTED TO THE VATICAN MUSEUMS IN VATICAN CITY.THE ORGANIZATION PARTICIPATED IN 3 ART RELATED PROJECTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Andrea Secretary | Officer | 0.2 | $0 |
Tony Rea Co-Chairman | Officer | 0.2 | $0 |
Leonard Gayeski Treasurer | Officer | 0.25 | $0 |
John Hale Co-Chairman | Officer | 0.5 | $0 |
Kristan Hale Co-Chairman | Officer | 0.1 | $0 |
Suzanne Rea Co-Chairman | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,668 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,591 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,992 |
| 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 | $220,848 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $432 |
| Advertising and promotion | $0 |
| Office expenses | $1,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $8,085 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $854 |
| All other expenses | $0 |
| Total functional expenses | $232,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,498 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,498 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $26,498 |
| 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 | $26,498 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patrons Of The Arts In The Vatican Museums Inc has recieved totaling $61,092.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE | $61,092 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Institute Of Fine Arts Cincinnati, OH | $143,710,134 | $18,167,716 |
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Gretchen C Valade Endownment For The Arts Grosse Pointe Farms, MI | $243,795 | $701,832 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
Stranahan Theater Trust Toledo, OH | $8,657,063 | $1,825,495 |
Holland Community Aquatic Center Foundation Saugatuck, MI | $987,560 | $1,564,696 |
Urban Sight Inc Perrysburg, OH | $141,593 | $884,230 |
Foundation For The Flint Cultural Center Flint, MI | $38,034,949 | $6,392,203 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Monument Legacy Inc Carmel, IN | $4,006,902 | $508,574 |
Copernicus Cultural Foundation Of Stevens Point Wisconsin Inc Mosinee, WI | $845,687 | $1,133,742 |