Lowell Art Association
- Assets
- $6.4m
- Revenue
- $399.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Lowell, MA
- Founding
- 03/1968
- Data as of
- 06/2023
- EIN
- 04-2428837
Organization Overview
Lowell Art Association, operating under the name Whistler House Museum Of Art, is located in Lowell, MA. The organization was established in 1968. 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 06/2023, Whistler House Museum Of Art employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whistler House 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 06/2023, Whistler House Museum Of Art generated $399.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $275.7k during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE BIRTHPLACE OF JAMES MCNEILL WHISTLER, RAISE AWARENESS IN THE GREATER MERRIMACK RIVER VALLEY ABOUT THE HISTORY OF THE HOUSE AND THE WORKS OF ITS ORIGINAL RESIDENTS, EDUCATE THE PUBLIC ABOUT THE 19TH CENTURY AMERICAN ART,AND PROMOTE CURRENT RESEARCH AND EXHIBITIONS RELATED TO WHISTLER, THE HOUSE, LOWELL AND REGIONAL ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE AND CUSTODY OF THE WHISTLER HOUSE MUSEUM OF ART, MAINTAIN PUBLIC GALLERIES FOR EXHIBITION OF ART, MAINTAIN A LIBRARY OF REFERENCE, AND MAINTAIN AND PERPETUATE THE HOUSE AT 243 WORTHEN ST IN LOWELL, MA, BIRTHPLACE OF JAMES ABBOTT MCNEILL WHISTLER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy L Donahue Chair | OfficerTrustee | 1 | $0 |
Therese O'connor Vice President | OfficerTrustee | 1 | $0 |
Carrie Meikle Vice President | OfficerTrustee | 1 | $0 |
Louise Griffin Treasurer | OfficerTrustee | 1 | $0 |
Frank Makarewicz Secretary | OfficerTrustee | 1 | $0 |
Yun-Ju Choi Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,470 |
| Fundraising events | $81,537 |
| Related organizations | $0 |
| Government grants | $56,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,622 |
| Total Program Service Revenue | $8,858 |
| Investment income | $138,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,832 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,735 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,879 |
| Advertising and promotion | $0 |
| Office expenses | $14,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,413 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $21,995 |
| Insurance | $18,707 |
| All other expenses | $3,486 |
| Total functional expenses | $275,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,547 |
| Savings and temporary cash investments | $4,912,315 |
| 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 | $500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $700,058 |
| Investments—publicly traded securities | $4,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $415,451 |
| Total assets | $6,356,901 |
| Accounts payable and accrued expenses | $18,697 |
| 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 | $18,697 |
| Net assets without donor restrictions | $2,494,886 |
| Net assets with donor restrictions | $3,843,318 |
| 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 | $6,356,901 |