Southern Alleghenies Museum Of Art
- Assets
- $3.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 24
- Location
- Loretto, PA
- Founding
- 09/1975
- Data as of
- 06/2021
- EIN
- 25-1271659
Organization Overview
Southern Alleghenies Museum Of Art is located in Loretto, PA. The organization was established in 1975. 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 06/2021, Southern Alleghenies Museum Of Art employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Alleghenies Museum Of Art 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 06/2021, Southern Alleghenies Museum Of Art generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF AN ART MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED OPERATION OF AN ART MUSEUM FOR BEDFORD, BLAIR, CAMBRIA, AND WESTMORELAND COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Savino Treasurer | Officer | 1 | $0 |
Gerald Hawk Secretary | Officer | 1 | $0 |
Nancy Devorris VP Of Development | Officer | 1 | $0 |
Barry Newborn President | Officer | 1 | $0 |
Michael Strueber Director Emeritus | Officer | 1 | $0 |
Ann Benzel Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,674 |
| Investment income | $5,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150 |
| Net Gain/Loss on Asset Sales | $218,917 |
| Net Income from Fundraising Events | $248,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,520,538 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,546 |
| Payroll taxes | $42,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,046 |
| Insurance | $28,070 |
| All other expenses | $0 |
| Total functional expenses | $1,035,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,352 |
| 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 | $26,844 |
| Investments—publicly traded securities | $486,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $899,981 |
| Total assets | $3,162,640 |
| Accounts payable and accrued expenses | $27,866 |
| 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 | $80,785 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,649 |
| Total liabilities | $147,300 |
| 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 | $3,015,340 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southern Alleghenies Museum Of Art has recieved totaling $60,036.
| Awarding Organization | Amount |
|---|---|
Allegheny Foundation Pittsburgh, PA PURPOSE: PROJECT SUPPORT | $50,000 |
Grable Foundation Pittsburgh, PA PURPOSE: TO SUPPORT ARTS EDUCATION PROGRAMMING FOR SCHOOL DISTRICTS THROUGHOUT RURAL SOUTHWESTERN PENNSYLVANIA | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Endowment Analysis
| Beg. Balance | $1,127,111 |
| Earnings | $20,469 |
| Ending Balance | $1,147,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
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 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |