Art Complex Inc
- Assets
- $37.0m
- Revenue
- $1.0m
- Investments
- $26.7m
- Employees
- 0
- Location
- Duxbury, MA
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 04-6155696
Organization Overview
Art Complex Inc is located in Duxbury, MA. The organization was established in 1967. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Art Complex 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 12/2022, Art Complex Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE ART COMPLEX MUSEUM, LOCATED IN THE HISTORIC TOWN OF DUXBURY, MASSACHUSETTS, 33 MILES SOUTH OF BOSTON, SERVES AS A REGIONAL ART CENTER AND HOUSES THE IMPRESSIVE COLLECTION OF THE CARL A. WEYERHAEUSER FAMILY. IN ADDITION TO A GALLERY FOR ROTATING OBJECTS FROM THE PERMANENT COLLECTION, AND EXHIBITION SPACES THAT FEATURE PAINTING, SCULPTURE, PRINTS AND CRAFT OBJECTS CREATED BY CONTEMPORARY ARTISTS, THE MUSEUM ALSO HOUSES THE CARL A. WEYERHAEUSER REFERENCE LIBRARY OF OVER 5,000 PUBLICATIONS, WHICH IS LOCATED ON THE GROUNDS IS A JAPANESE TEA HUT, ITSELF PART OF THE MUSEUM'S ASIAN COLLECTION. THE MUSEUM OFFERS A YEAR-ROUND SCHEDULE OF EXHIBITIONS, LECTURES, CONCERTS, CLASSES, EDUCATION PROGRAMS, DEMONSTRATIONS, AND TEA CEREMONIES, FULFILLING THE FOUNDERS' VISION THAT THEIR FAMILY'S MANY INTERESTS BE SHARED WITH THE COMMUNITY. THIS UNIQUE VENUE TRULY OFFERS VISITORS AN INVITING PLACE FOR VIEWING AND LEARNING ABOUT ART IN AN INTIMATE AND COMFORTABLE SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Weyerhaeuser President/trustee/member | 40 | $121,658 | |
Melissa M Davis Board Member | 0.15 | $0 | |
Kelli Bentinck-Smith Board Member | 0.15 | $0 | |
E Rodman Titcomb Jr Board Member | 0.15 | $0 | |
Henry Weyerhaeuser Board Member | 0.15 | $0 | |
Roya Weyerhaeuser Board Member | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turner Construction Company | 12/30/22 | $1,411,543 |
William Thomas | 12/30/22 | $273,265 |
Fidelity Counselling Inc | 12/30/22 | $107,714 |
Mystic Scenic Studios Inc | 12/30/22 | $76,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $131,092 |
| Interest on Savings | $15 |
| Dividends & Interest | $775,484 |
| Net Rental Income | $11,196 |
| Net Gain on Sale of Assets | $27,406 |
| Capital Gain Net Income | $7,985 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70,763 |
| Total Revenue | $1,015,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $121,658 |
| Other employee salaries and wages | $341,596 |
| Pension plans, employee benefits | $36,889 |
| Interest | $0 |
| Taxes | $111,694 |
| Depreciation | $0 |
| Occupancy | $501,208 |
| Travel, conferences, and meetings | $8,241 |
| Printing and publications | $316 |
| Other expenses | $212,820 |
| Total operating and administrative expenses | $1,505,045 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,505,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,002 |
| Savings and temporary cash investments | $616,797 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,427,855 |
| Net Land, buildings, and equipment | $9,651,812 |
| Other assets | $0 |
| Total assets | $37,010,168 |
| Accounts payable and accrued expenses | $15,081 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,081 |