New Museum Of Portsmouth Inc
- Assets
- $1.4m
- Revenue
- $648.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Portsmouth, NH
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-3223256
Organization Overview
New Museum Of Portsmouth Inc, operating under the name Museum Of New Artportsmouth, is located in Portsmouth, NH. The organization was established in 2009. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of New Artportsmouth employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of New Artportsmouth 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, Museum Of New Artportsmouth generated $648.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $288.6k during the year ending 12/2021. 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
TO IMPROVE AND ENHANCE THE AVAILABILITY OF THE VISUAL ARTS TO THE GENERAL PUBLIC; TO PROVIDE ASSISTANCE TO ARTISTS; TO EDUCATE THE GENERAL PUBLIC IN ALL ASPECTS OF THE VISUAL ARTS; TO OPERATE GALLERIES, ART SHOWS AND ART DEMONSTRATIONS; AND TO OFFER PROGRAMS AND SCHOLARSHIPS TO SUPPORT INDIVIDUALS INTERESTED IN PURSUING CAREERS IN THE VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OF FINE ART SERVING CITY OF 25,000 RESIDENTS PLUS SEASONAL TOURISTS. NORMAL OPERATIONS INCLUDE ACQUISITION AND PRESERVATION OF ARTWORK AND OTHER COLLECTIBLE ITEMS. THE ORGANIZATION ALSO PROVIDES EDUCATION OF VISUAL ARTS TO THE GENERAL PUBLIC, AND PROMOTES VARIOUS ARTISTS AND THEIR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Bresette Chair | OfficerTrustee | 8 | $0 |
Peter Ventura Treasurer | OfficerTrustee | 4 | $0 |
Monica Mccarthy Vice Chair | OfficerTrustee | 8 | $0 |
Karen Mountjoy Secretary | OfficerTrustee | 4 | $0 |
Andrew Sidford Director | Trustee | 2 | $0 |
Ben Auger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,803 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,546 |
| Total Program Service Revenue | $49,396 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,965 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,111 |
| Advertising and promotion | $87 |
| Office expenses | $17,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,433 |
| Travel | $4,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,641 |
| Insurance | $2,242 |
| All other expenses | $3,648 |
| Total functional expenses | $288,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $217,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $947,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,401,935 |
| Accounts payable and accrued expenses | $0 |
| 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 | $901,746 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $901,746 |
| Net assets without donor restrictions | $500,189 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,401,935 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Museum Of Portsmouth Inc has recieved totaling $121,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $50,000 |
Kennebunk Savings Bank Foundation Kennebunk, ME PURPOSE: NEW MUSEUM BUILDING | $25,000 |
Kennebunk Savings Bank Foundation Kennebunk, ME PURPOSE: NEW MUSEUM BUILDING CAPITAL CAMPAIGN | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
Shelburne Museum Incorporated Shelburne, VT | $56,455,494 | $11,449,784 |
Trustees Of The Berkshire Museum Pittsfield, MA | $81,632,008 | $9,528,887 |
Uss Constitution Museum Inc Boston, MA | $13,690,451 | $5,109,219 |
Maine Maritime Museum Bath, ME | $19,147,299 | $3,611,205 |
Museum Of Afro American History Inc Boston, MA | $10,612,334 | $1,101,120 |
Uss Massachusetts Memorial Comm Inc Fall River, MA | $12,015,976 | $3,270,153 |
Maine Mineral & Gem Museum Bethel, ME | $14,617,603 | $769,092 |
Lake Champlain Maritime Museum At Basin Harbor Incorporated Vergennes, VT | $5,854,954 | $3,154,369 |
Fuller Craft Museum Inc Brockton, MA | $9,806,445 | $1,524,275 |
Fairbanks Museum And Planetarium St Johnsbury, VT | $8,045,613 | $2,594,399 |