The Irvine Museum
- Assets
- $2.6m
- Revenue
- $255.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 05/1992
- Data as of
- 04/2021
- EIN
- 33-0501917
Organization Overview
The Irvine Museum is located in Irvine, CA. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Irvine 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 04/2021, Irvine Museum generated $255.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $282.7k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 6 years. 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
EDUCATIONAL OUTREACH PROGRAMS
EXHIBITION PROGRAMS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Irvine Swinden Pres, Director | 5 | $0 | |
Mark S Ashworth Director | 0 | $0 | |
Richard W Jackson Direc., Treas | 0 | $0 | |
Russell S Penniman IV Vp, Director | 0 | $0 | |
Morton Irvine Smith Vp, Director | 0 | $0 | |
Brett J Williamson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $251,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $4,765 |
| Other Income | $0 |
| Total Revenue | $255,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $826 |
| Depreciation | $1,506 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $721 |
| Printing and publications | $0 |
| Other expenses | $114,213 |
| Total operating and administrative expenses | $282,747 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $282,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,746 |
| Net Accounts receivable | $0 |
| 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 | $1,854,373 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,012 |
| Other assets | $752,681 |
| Total assets | $2,616,812 |
| Accounts payable and accrued expenses | $11 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $12 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Irvine Museum has recieved totaling $376,500.
| Awarding Organization | Amount |
|---|---|
Joan Irvine Smith & Athalie R Clarke Foundation Irvine, CA PURPOSE: TO BE USED FOR ITS GENERAL OPERATING EXPENSES IN ORDER TO PERSUE ITS MISSION TO PRESERVE AND DISPLAY THE CALIFORNIA ART OF THE IMPRESSIONIST PERIOD AND ITS GOAL TO PRESERVE THE WORKS OF ARTS NOT ONLY TO THE CONSTITUENTS OF CALIFORNIA, BUT ALSO TO PEOPLE THROUGHOUT THE UNITED STATES AND THE WORLD OVER. | $371,500 |
J Stanley And Mary W Johnson Family Foundation Newport Beach, CA PURPOSE: GENERAL OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |