New Bedford Museum And Art Center Inc
- Assets
- $364.4k
- Revenue
- $569.4k
- Investments
- $0.0
- Employees
- 32
- Location
- New Bedford, MA
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 04-3274100
Organization Overview
New Bedford Museum And Art Center Inc, operating under the name New Bedford Art MuseumArtWorks, is located in New Bedford, MA. The organization was established in 1996. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, New Bedford Art MuseumArtWorks employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Bedford Art MuseumArtWorks 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, New Bedford Art MuseumArtWorks generated $569.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $526.5k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW BEDFORD ART MUSEUM/ARTWORKS! IS DEDICATED TO ENGAGING A DIVERSE AUDIENCE IN RELEVANT EXHIBITIONS, EXEMPLARY EDUCATION AND CREATIVE EXPERIENCES AS A VITAL INNOVATIVE CENTER FOR THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EXHIBITS, EDUCATIONAL OUTREACH AND CREATIVE COLLABORATIONS WITH COMMUNITY GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Covill Treasurer | OfficerTrustee | 5 | $0 |
Caroline Conzatti President | OfficerTrustee | 5 | $0 |
Jonathan Howland Vice President | OfficerTrustee | 5 | $0 |
Margaret Nash Clerk | OfficerTrustee | 5 | $0 |
John H Deknatel Trustee | Trustee | 5 | $0 |
Jane Duff-Gleason Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,046 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,643 |
| Total Program Service Revenue | $38,696 |
| Investment income | $642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,684 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $569,399 |
| 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. | $60,185 |
| Compensation of current officers, directors, key employees. | $30,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,207 |
| Pension plan accruals and contributions | $3,701 |
| Other employee benefits | $7,486 |
| Payroll taxes | $27,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,577 |
| Advertising and promotion | $29,054 |
| Office expenses | $11,682 |
| Information technology | $8,865 |
| Royalties | $0 |
| Occupancy | $1 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,228 |
| Insurance | $15,939 |
| All other expenses | $0 |
| Total functional expenses | $526,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,004 |
| Savings and temporary cash investments | $137,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,098 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,025 |
| Prepaid expenses and deferred charges | $6,149 |
| Net Land, buildings, and equipment | $48,241 |
| Investments—publicly traded securities | $9,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $364,392 |
| Accounts payable and accrued expenses | $18,175 |
| 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 | $355 |
| Total liabilities | $18,530 |
| Net assets without donor restrictions | $345,862 |
| 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 | $364,392 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New Bedford Museum And Art Center Inc has recieved totaling $151,960.
| Awarding Organization | Amount |
|---|---|
Klarman Family Foundation Boston, MA PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2021, 2022, AND 2023, AS A PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE (RAPID RESPONSE) | $49,850 |
Southcoast Community Foundation Inc New Bedford, MA PURPOSE: GET OUT AND ART SUMMER PROGRAM | $39,500 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO SUPPORT PARTICIPATION IN YEARS 4-6 OF THE BARR KLARMAN MASSACHUSETTS ARTS INITIATIVE | $33,300 |
Klarman Family Foundation Boston, MA PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2021, 2022, AND 2023, AS A PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE (RAPID RESPONSE) | $29,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Endowment Analysis
| Net Contributions | $31,509 |
| Ending Balance | $31,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |