Coutts Memorial Museum Of Art Inc
- Assets
- $6.1m
- Revenue
- $468.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- El Dorado, KS
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 23-7160423
Organization Overview
Coutts Memorial Museum Of Art Inc is located in El Dorado, KS. The organization was established in 2005. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coutts Memorial Museum Of 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 12/2021, Coutts Memorial Museum Of Art Inc generated $468.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $222.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ART MUSEUM FOR DISPLAY OF ART OBJECTS TO THE GENERAL PUBLIC
OPERATION AS AN ARTS CENTER PROVIDING ARTS CLASSES, STUDIO SPACE, AND SALES VENUE FOR THE GENERAL PUBLIC AND ARTISTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thea Howard Executive Director | 40 | $60,000 | |
Steve Worrell President/treasurer | 1 | $0 | |
Lauren Davis Vice President | 1 | $0 | |
Josh Andrews Secretary | 1 | $0 | |
Brandon Demo Director | 1 | $0 | |
Mark Utech Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,760 |
| Interest on Savings | $1,051 |
| Dividends & Interest | $103,158 |
| Net Rental Income | -$496 |
| Net Gain on Sale of Assets | $295,479 |
| Capital Gain Net Income | $295,479 |
| Net ST Capital Gain | $2,314 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,365 |
| Total Revenue | $468,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $48,360 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,990 |
| Depreciation | $15,686 |
| Occupancy | $41,185 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,135 |
| Total operating and administrative expenses | $222,396 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $222,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,439 |
| Savings and temporary cash investments | $731,936 |
| Net Accounts receivable | $38,886 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,355 |
| Net Investments - land, buildings, equipment | $58,296 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,887,666 |
| Net Land, buildings, and equipment | $352,696 |
| Other assets | $1,546,399 |
| Total assets | $6,082,511 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $60,000 |
| Other liabilities | $0 |
| Total liabilities | $60,000 |