Arnot Art Museum

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.

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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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

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Arnot Art Museum has recieved totaling $51,000.

Awarding OrganizationAmount
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
$1,000
View Grant Recipient Profile

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

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