Coral Gables Museum Corporation
- Assets
- $2.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Coral Gables, FL
- Founding
- 04/2004
- Data as of
- 09/2023
- EIN
- 27-0077412
Organization Overview
Coral Gables Museum Corporation is located in Coral Gables, FL. The organization was established in 2004. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Coral Gables Museum Corporation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Gables Museum Corporation 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 09/2023, Coral Gables Museum Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. While expenses have increased by 5.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM'S MISSION IS TO CELEBRATE, INVESTIGATE AND EXPLORE THE CIVIC ARTS OF ARCHITECTURE AND URBAN ENVIRONMENTAL DESIGN, INCLUDING FOSTERING AN APPRECIATION FOR THE HISTORY, VISION, AND CULTURAL LANDSCAPE OF CORAL GABLES; PROMOTING BEAUTY AND PLANNING AS WELL AS HISTORIC AND ENVIRONMENTAL PRESERVATION FOR A BROAD AUDIENCE, INCLUDING CHILDREN, FAMILIES, AND COMMUNITY MEMBERS, AS WELL AS LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL VISITORS. THE MUSEUM OPTIMIZES ITS MISSION BY CULTIVATING EFFECTIVE PARTNERSHIPS, AND PROVIDING PROGRAMMING THAT INCLUDES EXHIBITIONS, COLLECTIONS, EDUCATIONAL OFFERINGS, LECTURES, TOURS, PUBLICATIONS AND SPECIAL EVENTS. THE MUSEUM IS A TRUE PUBLIC/PRIVATE PARTNERSHIP BETWEEN THE CITY OF CORAL GABLES AND THE CORAL GABLES MUSEUM CORP., A PRIVATE, NOT-FOR-PROFIT 501(C)(3) CORPORATION OPERATING AS AN EDUCATIONAL CULTURAL INSTITUTION WITHIN A CITY OWNED FACILITY. THE MUSEUM RAISES ITS OWN OPERATING BUDGET TO FUND THE EXHIBTIONS AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS OF CREATING MUSEUM EXHIBITIONS INCLUDING: SACRED GROUND: THERISE, FALL AND REVIVAL OF LINCOLN MEMORIAL PARK CEMETERY; CASTLES IN THE SKY: FANTASY ARCHITECTURE IN CONTEMPORARY ART; AMERICA WEAVES; THE ART OF COMPASSION; UNFOLDING 117 YEARS OF HISTORY WITH THE MIAMI HERALD; BO-DROGA; EL VIAJE; ART BASEL; EXHIBITION "FOR NOW-; PETER GERBERT; PURSEONALITY: A STYLISH HANDBAG HISTORY; CREATING THE DREAM; CAPTURE CORAL GABLES. EXPENSES ALSO INCLUDE EXHIBIT RELATED PROGRAMS SUCH AS PANEL DISCUSSIONS, LECTURES, ETC.
CITY TREKKER CAMPS AT THE MUSEUM TOOK PLACE DURING SUMMER, WINTER AND SPRING BREAKS AND OTHER NON-SCHOOL DAYS. THESE DAY CAMPS SERVED 85 CHILDREN (AGES 5-12) THROUGH EXHIBITS, SPECIAL PRESENTATIONS, ART ACTIVITIES AND FIELD TRIPS. IN ADDITION, 65 CHILDREN ATTENDED CAMPS VIRTUALLY.
DIRECT EXPENSES OF GOVERNMENT GRANTS RECEIVED IN SUPPORT OF EXHIBIT PRODUCTION EXPENSES, THE DEVELOPMENT OF INTERPRETIVE MATERIALS, SEASONAL ACTIVITIES AND BUS TRANSPORTATION FOR FIELD TRIPS TO THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Chip Withers Director | OfficerTrustee | 8 | $0 |
Eduardo Otaola Director | OfficerTrustee | 1 | $0 |
Joe Jackson Director | OfficerTrustee | 1 | $0 |
Eric Grosdubois Director | OfficerTrustee | 1 | $0 |
Diane Amado-Tate Director | Trustee | 5 | $0 |
Ivette Arango O'doski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,878 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $452,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,855 |
| Total Program Service Revenue | $65,613 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,918 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $133,507 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,017 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,167,142 |
| 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. | $117,403 |
| Compensation of current officers, directors, key employees. | $11,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $493,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,674 |
| Payroll taxes | $60,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,272 |
| Advertising and promotion | $39,092 |
| Office expenses | $42,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,690 |
| Insurance | $33,661 |
| All other expenses | $14,712 |
| Total functional expenses | $1,188,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $77,607 |
| 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 | $62,959 |
| Investments—publicly traded securities | $81,290 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,287,366 |
| Total assets | $2,548,204 |
| Accounts payable and accrued expenses | $64,424 |
| 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 | $25,000 |
| Other liabilities | $63,380 |
| Total liabilities | $152,804 |
| Net assets without donor restrictions | $171,414 |
| Net assets with donor restrictions | $2,223,986 |
| 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 | $2,548,204 |