Arnot Art Museum
- Assets
- $5.9m
- Revenue
- $460.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Elmira, NY
- Founding
- 10/1942
- Data as of
- 08/2023
- 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 08/2023, Arnot Art Museum employed 7 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 08/2023, Arnot Art Museum generated $460.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $690.7k during the year ending 08/2023. 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Hample Trustee | Trustee | 4 | $4 |
Jacquelyn Becker Chotkowski Trustee | Trustee | 4 | $0 |
Charlie Hunter Trustee | Trustee | 4 | $0 |
Patricia Pinkston Trustee | Trustee | 4 | $0 |
Cindy Pugh-Williams Trustee | Trustee | 4 | $0 |
Eileen H Remec Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,455 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,267 |
| Total Program Service Revenue | $7,531 |
| Investment income | $96,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$87,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $98,529 |
| Net Income from Sales of Inventory | $5,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $460,339 |
| 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. | $84,370 |
| Compensation of current officers, directors, key employees. | $32,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,671 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $40,706 |
| Payroll taxes | $17,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $378 |
| Office expenses | $652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,581 |
| Travel | $7 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,476 |
| Insurance | $37,236 |
| All other expenses | $31,621 |
| Total functional expenses | $690,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $82,938 |
| Pledges and grants receivable | $0 |
| 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 | $4,024 |
| Net Land, buildings, and equipment | $930,028 |
| Investments—publicly traded securities | $4,928,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,945,610 |
| Accounts payable and accrued expenses | $9,195 |
| 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 | $25,675 |
| Total liabilities | $34,870 |
| Net assets without donor restrictions | $5,104,507 |
| Net assets with donor restrictions | $806,233 |
| 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 | $5,945,610 |