New Britain Museum Of American Art Inc
- Assets
- $48.1m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 59
- Location
- New Britain, CT
- Founding
- 01/1996
- Data as of
- 06/2024
- EIN
- 06-1422234
Organization Overview
New Britain Museum Of American Art Inc is located in New Britain, CT. The organization was established in 1996. 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 06/2024, New Britain Museum Of American Art Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Britain Museum Of American 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 06/2024, New Britain Museum Of American Art Inc generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.9m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE NBMAA ENGAGES AND ENRICHES A BROAD PUBLIC TO EXPLORE AND UNDERSTAND THE UNFOLDING STORY OF AMERICA THROUGH ITS ART AND HISTORY. WE COLLECT, PRESERVE, AND PRESENT THE FINEST EXAMPLES OF AMERICAN ART, FULFILLING AN EDUCATIONAL ROLE THROUGH DYNAMIC EXHIBITIONS, PUBLICATIONS, AND PROGRAMS THAT ILLUMINATE OUR NATION'S DIVERSE HERITAGE AND ARTISTIC ADVANCEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO DISPLAYING A SELECTION OF ITS PERMANENT COLLECTION, THE MUSEUM MOUNTS 10+ CHANGING EXHIBITIONS PER YEAR.
EDUCATION IS CENTRAL TO THE MUSEUM'S MISSION ENGAGING NEARLY HALF OF ALL VISITORS IN A VARIETY OF PROGRAMS FOR ALL AGES. SCHOOL PROGRAMS INCLUDED A VARIETY OF STANDARDSBASED, THEMED DOCENT-LED SCHOOL TOURS WITH RELATED STUDIO ACTIVITY THAT SUPPORT CLASSROOM TEACHING IN ART, HISTORY, LANGUAGE ARTS, MATH AND SCIENCE. PROFESSIONAL DEVELOPMENT WORKSHOPS FOR EDUCATORS (TOURS, STUDIO ACTIVITIES, AND IDEAS FOR INTEGRATING AMERICAN ART INTO CLASSROOM LEARNING). REGULAR PROGRAMS FOR CHILDREN AND FAMILIES WERE OFFERED WEEKLY AND DURING SCHOOL VACATIONS, TAUGHT BY ARTISTS/EDUCATORS AND/OR MUSEUM EDUCATORS AND SERVE CHILDREN OF ALL AGES INCLUDING COMMUNITY DAYS, HOMESCHOOL DAYS, AND CHILDREN'S STUDIO ART CLASSES. ADULT PROGRAMMING CONSISTED OF: GALLERY TALKS, LECTURES, SYMPOSIA, PANEL DISCUSSIONS, AND TOURS MONTHLY SUNDAY MUSIC SERIES. FILM SCREENINGS WEEKLY ADULT STUDIO PROGRAMS: (SKETCHING, WATERCOLORS, PAINTING, PHOTOGRAPHY) THURSDAY EVENING AND WEEKEND STUDIO WORKSHOPS DROPIN DOCENTLED TOURS OF THE PERMANENT COLLECTIONS SPECIALTY EXHIBITION TOURS DOCENT-LED TOURS FOR ADULT/COLLEGE GROUPS A REGULARLY SCHEDULED DOCENT TRAINING PROGRAM EXHIBITION OPENINGS INCLUDING STUDENT ART SHOW OPENINGS AND MEMBERS ONLY PREVIEWS.
IN ADDITION TO ITS CAFE AND BOOKSTORE, THE MUSEUM'S VISITOR SERVICE OFFERINGS INCLUDE PUBLIC SOCIAL PROGRAMS THAT SERVE AS ENTRY POINTS FOR FIRST TIME MUSEUM-GOERS, BROADENING AND DEVELOPING AUDIENCES, AND CULTIVATING THE NEXT GENERATION OF MUSEUM SUPPORTERS, LIKE MUSEUM AFTER DARK (MAD) PARTIES, FIRST FRIDAYS, WINTER SOCIALS, AND CRAFT SIPPIN'. ATTENDEES ARE WELCOMED, ENGAGED ON AN ACCESSIBLE LEVEL, AND INCENTIVIZED TO BECOME MUSEUM MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold Amstutz Trustee | Trustee | 0.1 | $0 |
John C Bombara Vice Chair | OfficerTrustee | 0.1 | $0 |
Kenneth Boudreau Treasurer | OfficerTrustee | 0.1 | $0 |
Russell E Burke III Trustee | Trustee | 0.1 | $0 |
Gail Byeff Trustee | Trustee | 0.1 | $0 |
Kenneth J Carifa Outgoing Secretary | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Downes Construction Company Construction Project | 6/29/24 | $264,050 |
Environmental Systems Corp Hvac Systems Maintenance And Repair | 6/29/24 | $207,883 |
New England Mechanical Services Inc Humidification System Replacement | 6/29/24 | $145,170 |
The Projects Group Construction Management | 6/29/24 | $142,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $241,636 |
| Fundraising events | $108,125 |
| Related organizations | $0 |
| Government grants | $148,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,472,811 |
| Noncash contributions included in lines 1a–1f | $47,311 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,970,835 |
| Total Program Service Revenue | $359,514 |
| Investment income | $1,120,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,743 |
| Net Gain/Loss on Asset Sales | -$616,812 |
| Net Income from Fundraising Events | -$9,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $134,169 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,038,361 |
| 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. | $406,535 |
| Compensation of current officers, directors, key employees. | $223,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,896,049 |
| Pension plan accruals and contributions | $62,443 |
| Other employee benefits | $222,093 |
| Payroll taxes | $16,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,238 |
| Fees for services: Accounting | $37,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,323 |
| Fees for services: Other | $474,457 |
| Advertising and promotion | $210,300 |
| Office expenses | $0 |
| Information technology | $181,602 |
| Royalties | $0 |
| Occupancy | $644,659 |
| Travel | $209,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $895,715 |
| Insurance | $54,308 |
| All other expenses | $5,268 |
| Total functional expenses | $5,884,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $72,175 |
| Accounts receivable, net | $41,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $216,765 |
| Prepaid expenses and deferred charges | $109,812 |
| Net Land, buildings, and equipment | $22,105,197 |
| Investments—publicly traded securities | $23,871,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,316,484 |
| Total assets | $48,085,444 |
| Accounts payable and accrued expenses | $712,014 |
| Grants payable | $0 |
| Deferred revenue | $57,315 |
| 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 | $535,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,447 |
| Total liabilities | $1,327,785 |
| Net assets without donor restrictions | $36,081,256 |
| Net assets with donor restrictions | $10,676,403 |
| 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 | $48,085,444 |