Montclair Art Museum
- Assets
- $22.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 134
- Location
- Montclair, NJ
- Founding
- 07/1926
- Data as of
- 06/2024
- EIN
- 22-1487582
Organization Overview
Montclair Art Museum is located in Montclair, NJ. The organization was established in 1926. 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, Montclair Art Museum employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montclair 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 06/2024, Montclair Art Museum generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) 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 MONTCLAIR ART MUSEUM, TOGETHER WITH ITS VANCE WALL ART EDUCATION CENTER, ENGAGES ITS DIVERSE COMMUNITY THROUGH DISTINCTIVE EXHIBITIONS, EDUCATIONAL PROGRAMS, AND COLLECTIONS OF AMERICAN AND NATIVE AMERICAN ART. ITS MISSION IS TO INSPIRE AND ENGAGE PEOPLE OF ALL AGES IN THEIR EXPERIENCE WITH ART, INCLUDING THE RICH INTER-CULTURAL AND GLOBAL CONNECTIONS THROUGHOUT AMERICAN HISTORY, AND THE CONTINUING RELEVANCE OF ART TO CONTEMPORARY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATORIAL:THE MONTCLAIR ART MUSEUM INSPIRES AND ENRICHES THE LIVES OF OVER 81,000 VISITORS (81,196 IN-PERSON AND 150 VIRTUAL) THROUGH EXHIBITIONS HELD AT THE MUSEUM OR SELF-ORGANIZED NATIONALLY TRAVELING SPECIAL EXHIBITIONS. THE MUSEUM'S PUBLICATIONS OFTEN ACCOMPANY THESE EXHIBITIONS. THE DEPARTMENT ALSO MANAGES THE DISPLAY, PRESERVATION, AND GROWTH OF THE MUSEUM'S PERMANENT COLLECTION OF OVER 12,000 AMERICAN AND NATIVE AMERICAN WORKS OF ART, AS WELL AS LOANS OF SELECTED WORKS TO EXHIBITIONS IN THE UNITED STATES AND ABROAD.
OTHER PROGRAM SERVICES:MUSEUM STORE - THE STORE AT MAM OFFERS A WIDE VARIETY OF WELL-DESIGNED MERCHANDISE THAT CAN BE ENJOYED BY THE WHOLE FAMILY. ITEMS RELATED TO THE MUSEUM'S COLLECTIONS OF AMERICAN AND NATIVE AMERICAN ART ARE AVAILABLE AS WELL AS HAND-CRAFTED JEWELRY, AND GLASSWARE, CERAMIC OBJECTS AND DECORATIVE HOME ACCENTS OF THE HIGHEST CALIBER. IN ADDITION, THE STORE AT MAM OFFERS A WELL-EDITED SELECTION OF ART-RELATED GIFTS FOR CHILDREN INCLUDING BOOKS, ART IMPLEMENTS, TOYS, GAMES AND FUN COLLECTIBLES.
EDUCATION:THE MUSEUM OFFERS A DIVERSE SCHEDULE OF PROGRAMS DESIGNED TO ENGAGE A BROAD RANGE OF AUDIENCES. THROUGH AN ACTIVE SCHEDULE OF LECTURES, SCHOOL PARTNERSHIPS, COMMUNITY PARTNERSHIPS, TOURS AND EVENTS, THE MUSEUM PROVIDES VISITORS WITH ACCESSIBLE AND UNIQUE OPPORTUNITIES TO LEARN AND ENGAGE WITH THE ARTS. THE MUSEUM ALSO OFFERS A VARIETY OF ART CLASSES, CAMPS AND STUDIO WORKSHOPS WHERE PARTICIPANTS CREATE VARIOUS TYPES OF ART WHICH ARE OFTEN RELEVANT TO THE MUSEUM'S CURRENT EXHIBITIONS.
MEMBERSHIP:THE MONTCLAIR ART MUSEUM INCLUDES MORE THAN 2,500-MEMBER HOUSEHOLDS. MEMBERS HAVE ACCESS TO EXCLUSIVE PROGRAMS AND EVENTS, DISCOUNTS ON ART CLASSES AND STORE PURCHASES, AND FREE ACCESS TO A NATIONAL NETWORK OF PARTICIPATING MUSEUMS. THE MUSEUM ALSO ENJOYS THE ACTIVE SERVICE OF OVER 280 VOLUNTEERS WHO VOLUNTEER AS TRUSTEES, DOCENTS, STUDIO ASSISTANTS AND EVENT GREETERS. TOGETHER, MAM WAS THE BENEFICIARY OF OVER 10,000 HOURS OF VOLUNTEER ASSISTANCE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Jwalter III President | OfficerTrustee | 6 | $0 |
Newton B Schott Jr Vice Chair & Secretary | OfficerTrustee | 5 | $0 |
Joan Zief Treasurer | OfficerTrustee | 4 | $0 |
Christine James Executive Vice President | OfficerTrustee | 6 | $0 |
Susan Brady Abadan Vice President | OfficerTrustee | 4 | $0 |
Lisa Amato Vice President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elite Renovation Experts General Construction | 6/29/24 | $188,748 |
Slate Roof Professionals Roof Replacement | 6/29/24 | $118,810 |
Synapse Lighting | 6/29/24 | $142,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $294,637 |
| Fundraising events | $369,545 |
| Related organizations | $0 |
| Government grants | $475,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,453,824 |
| Noncash contributions included in lines 1a–1f | $147,729 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,593,224 |
| Total Program Service Revenue | $955,269 |
| Investment income | $528,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,173 |
| Net Gain/Loss on Asset Sales | $269,664 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,621 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,433,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,845 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,340 |
| Compensation of current officers, directors, key employees. | $13,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,603,976 |
| Pension plan accruals and contributions | $17,788 |
| Other employee benefits | $189,743 |
| Payroll taxes | $260,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $742,111 |
| Advertising and promotion | $109,626 |
| Office expenses | $94,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $356,977 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $517,290 |
| Insurance | $149,182 |
| All other expenses | $0 |
| Total functional expenses | $5,928,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,321 |
| Savings and temporary cash investments | $346,577 |
| Pledges and grants receivable | $631,299 |
| Accounts receivable, net | $4,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,623 |
| Prepaid expenses and deferred charges | $66,501 |
| Net Land, buildings, and equipment | $8,267,956 |
| Investments—publicly traded securities | $13,238,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,535 |
| Total assets | $22,810,509 |
| Accounts payable and accrued expenses | $285,757 |
| Grants payable | $0 |
| Deferred revenue | $353,877 |
| Tax-exempt bond liabilities | $1,979,264 |
| 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 | $4,535 |
| Total liabilities | $2,623,433 |
| Net assets without donor restrictions | $18,157,128 |
| Net assets with donor restrictions | $2,029,948 |
| 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 | $22,810,509 |