Eric Carle Museum Of Picture Book Art Inc
- Assets
- $15.5m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 46
- Location
- Amherst, MA
- Founding
- 09/2001
- Data as of
- 06/2021
- EIN
- 04-3542086
Organization Overview
Eric Carle Museum Of Picture Book Art Inc is located in Amherst, MA. The organization was established in 2001. 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, Eric Carle Museum Of Picture Book Art Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eric Carle Museum Of Picture Book Art 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 06/2021, Eric Carle Museum Of Picture Book Art Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. While expenses have increased by 1.4% 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
OPERATION OF A MUSEUM DEDICATED TO PICTURE BOOK ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. THE CARLE ORGANIZED SIX ORIGINAL ART EXHIBITIONS IN AMHERST AND TOURED FIVE EXHIBITIONS TO MUSEUMS IN THE U.S. AND ABROAD, REACHING ALMOST HALF A MILLION PEOPLE. 2. THE MUSEUM'S ART STUDIO PROVIDED HANDS-ON ART-MAKING ACTIVITIES TO ALL OF OUR VISITORS (ON A DROP-IN BASIS) WHENEVER THE MUSEUM WAS OPEN; IT ALSO OFFERED DOZENS OF SPECIALIZED WORKSHOPS, INCLUDING PROFESSIONAL DEVELOPMENT FOR EDUCATORS, THROUGHOUT THE YEAR. 3. THE MUSEUM HOSTED PICTURE BOOK ARTISTS AND AUTHORS FOR STORY TIMES, LECTURES, ART DEMONSTRATIONS, AND BOOK SIGNINGS SO VISITORS CAN LEARN ABOUT HOW BOOKS ARE MADE AND MEET THEIR CREATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Kennedy Executive Director | Officer | 37.5 | $278,080 |
Bryan Collier Director | Trustee | 1 | $0 |
William Phillip Gorth Secretary | Trustee | 1 | $0 |
Chris Loker Vice Chair | Trustee | 1 | $0 |
Andrea Davis Pinkney Director | Trustee | 1 | $0 |
Grace Lin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,106,068 |
| Investment income | $120,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $34,822 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $915,048 |
| Net Income from Fundraising Events | $65,288 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $225,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,749,801 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $278,079 |
| Other salaries and wages | $1,368,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $267,252 |
| Payroll taxes | $129,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,575 |
| Advertising and promotion | $61,182 |
| Office expenses | $140,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $413,242 |
| Travel | $1,165 |
| 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 | $399,744 |
| Insurance | $69,140 |
| All other expenses | $0 |
| Total functional expenses | $3,428,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,821 |
| Savings and temporary cash investments | $96,221 |
| Pledges and grants receivable | $1,333,898 |
| Accounts receivable, net | $11,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $236,466 |
| Prepaid expenses and deferred charges | $182,217 |
| Investments—publicly traded securities | $5,712,599 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,000 |
| Total assets | $15,457,741 |
| Accounts payable and accrued expenses | $360,245 |
| Grants payable | $0 |
| Deferred revenue | $53,414 |
| 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 | $336,713 |
| Total liabilities | $750,372 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $14,707,369 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eric Carle Museum Of Picture Book Art Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Easthampton Savings Foundation Easthampton, MA PURPOSE: EXEMPT PURPOSE | $250 |
Endowment Analysis
| Beg. Balance | $3,424,739 |
| Earnings | $1,035,344 |
| Net Contributions | $5,600 |
| Other Expense | $150,995 |
| Ending Balance | $4,314,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |