Arnot Art Museum
- Assets
- $5.6m
- Revenue
- $629.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Elmira, NY
- Founding
- 10/1942
- Data as of
- 08/2020
- EIN
- 16-0796341
Organization Overview
Arnot Art Museum is located in Elmira, NY. The organization was established in 1942. 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 08/2020, Arnot Art Museum employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arnot 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 08/2020, Arnot Art Museum generated $629.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $552.3k during the year ending 08/2020. While expenses have increased by 1.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ARNOT ART MUSEUM IS AN EXHIBITING AND COLLECTING FINE ARTS MUSEUM, ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE MUSEUM EXHIBITS ITS PERMANENT COLLECTION OF 17TH-19TH CENTURY EUROPEAN PAINTINGS AND SCULPTURE; 19TH CENTURY AMERICAN PAINTINGS AND SCULPTURE; AND CONTEMPORARY REALIST ART FROM ALL OVER THE WORLD; TEMPORARY EXHIBITIONS CONSISTING OF LOANED WORKS ARE ALSO PRESENTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS - THE ACQUISTION AND MAINTENANCE OF ART EXHIBITS
EDUCATION - OPERATING ART CAMPS AND OTHER EDUCATIONAL ACTIVITIES FOR AREA YOUTH.
PUBLIC INFORMATION - PERFORMING OUTREACH ACTIVITIES FOR THE PROMOTION OF THE ARTS.
EXHIBITS - THE ACQUISTION AND MAINTENANCE OF ART EXHIBITS
EDUCATION - OPERATING ART CAMPS AND OTHER EDUCATIONAL ACTIVITIES FOR AREA YOUTH.
PUBLIC INFORMATION - PERFORMING OUTREACH ACTIVITIES FOR THE PROMOTION OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Winston Secretary | OfficerTrustee | 6 | $0 |
Marc Hample Past-Preside | Officer | 6 | $0 |
Dori Riggs Treasurer | Officer | 6 | $0 |
Patricia Pinkston President | Officer | 6 | $0 |
Charlotte Wirth Trustee | Trustee | 4 | $0 |
Jack Walsh Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,134 |
| Investment income | $66,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,596 |
| Net Gain/Loss on Asset Sales | $235,688 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $21,144 |
| Net Income from Sales of Inventory | $1,967 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $629,421 |
| 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. | $76,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,043 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,636 |
| Payroll taxes | $17,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $743 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,454 |
| Travel | $1,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,092 |
| Insurance | $36,986 |
| All other expenses | $0 |
| Total functional expenses | $552,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $57,996 |
| Pledges and grants receivable | $3,040 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $4,474,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,635,897 |
| Accounts payable and accrued expenses | $6,566 |
| 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 | $34,523 |
| Total liabilities | $41,089 |
| 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 | $5,594,808 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Arnot Art Museum has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
Lowman-Howell Foundation Inc Elmira, NY PURPOSE: GENERAL FUND | $20,000 |
Corning Incorporated Foundation Corning, NY PURPOSE: GENERAL PROGRAM SUPPORT | $15,000 |
Meier Family Foundation Elmira, NY PURPOSE: GENERAL PURPOSE | $11,000 |
Hardinge Anderson Evans Foundation Elmira, NY PURPOSE: TO SUPPORT GENERAL OPERATIONS AND PROGRAMMING | $4,000 |
Arthur E & Frances Mayer Rikli Fam Foundation Tr 161775 Columbia, MO PURPOSE: PROJECT SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $4,129,443 |
| Earnings | $554,063 |
| Net Contributions | $47,772 |
| Other Expense | $256,555 |
| Ending Balance | $4,474,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
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 |