Fitchburg Art Museum

Organization Overview

Fitchburg Art Museum is located in Fitchburg, MA. The organization was established in 1948. 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, Fitchburg Art Museum employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fitchburg 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 06/2021, Fitchburg Art Museum generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 2.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FITCHBURG ART MUSEUM IS A CATALYST FOR LEARNING, CREATIVITY, AND COMMUNITY BUILDING. WE ACCOMPLISH THIS MISSION WITH ART HISTORICAL COLLECTIONS AND EXHIBITIONS, SPECIAL EXHIBITIONS OF CONTEMPORARY NEW ENGLAND ART, EDUCATION PROGRAMS, PUBLIC ART PROJECTS, COMMUNITY PARTNERSHIPS, AND CREATIVE ECONOMY INITIATIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECTION AND EXHIBITIONS: PRESERVE AND CARE FOR FITCHBURG ART MUSEUM'S PERMANENT ART COLLECTION; DISPLAY PERMANENT AND TEMPORARY EXHIBITIONS FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC; FEATURE EXHIBITIONS OF CONTEMPORARY NEW ENGLAND ARTISTS.


EDUCATIONAL PROGRAMS: PROVIDE LEARNING OPPORTUNITIES FOR ALL AGES IN THE GALLERIES; ARTIST AND CURATOR TALKS; PUBLIC AND SCHOOL GROUP TOURS; ART CLASSES; WORKSHOPS; AND TEACHER TRAINING.


COMMUNITY PARTNERSHIPS AND ENGAGEMENT: PARTNER WITH EDUCATIONAL AND CIVIC ORGANIZATIONS TO CREATE AND SUSTAIN A LIVABLE AND VIBRANT CITY AND REGION; COMMUNITY OUTREACH AND ACCESSIBILITY INITIATIVES; CREATIVE ECONOMY INITIATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas Capasso
Director
$118,168
Susan Roetzer
President
$0
Nadine Price
Vice Preside
$0
Joseph Sylvia
Treasurer
$0
Karen Spinelli
Secretary
$0
Robert Gallo
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$819,825
Investment income $304,747
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,486,290
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,731,661

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Fitchburg Art Museum has recieved totaling $750.

Awarding OrganizationAmount
Alchemy Foundation

Cambridge, MA

PURPOSE: GENERAL SUPPORT

$500
Hometown Bank Community Foundation Inc

Oxford, MA

PURPOSE: EXEMPT PURPOSE

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,576,710
Earnings$4,714,635
Other Expense$993,931
Ending Balance$22,297,414

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