Olaf Wieghorst Museum Foundation
- Assets
- $1.3m
- Revenue
- $27.0k
- Investments
- $0.0
- Employees
- 0
- Location
- El Cajon, CA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 33-0799944
Organization Overview
Olaf Wieghorst Museum Foundation is located in El Cajon, CA. The organization was established in 1998. According to its NTEE Classification (A51) the organization is classified as: Art 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. Olaf Wieghorst Museum Foundation 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, Olaf Wieghorst Museum Foundation generated $27.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $40.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 years. 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
THE ORGANIZATION COLLECTION CONSISTS OF PAINTINGS, SCULPTURES AND ANTIQUE ARTIFACTS. ALL ARTIFACTS HAVE A WESTERN THEME THAT MEETS OUR PURPOSE OF PRESERVING AND PROMOTING THE HERITAGE OF THE AMERICAN WEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A MUSEUM AND GALLERY OF WESTERN ART OPEN TO THE PUBLIC. CONDUCTED PUBLIC EVENTS THAT FOSTER AN AWARENESS AND APPRECIATION OF LOCAL WESTERN HERITAGE BY SHOWCASING VISUAL AND PERFORMING ARTS. HELD CLASSES FOR K-6 STUDENTS TO TEACH THEM ABOUT EARLY WESTERN LIFE. HELD WEEKEND PAINTING WORKSHOP TAUGHT BY ARTISTS FOR HIGH SCHOOL STUDENTS .
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Roberts Secretary | OfficerTrustee | 2 | $0 |
Jim Daniels President | OfficerTrustee | 10 | $0 |
John R Stauffer Treasurer | OfficerTrustee | 5 | $0 |
Michael Bostwick Vice President | OfficerTrustee | 5 | $0 |
Denise Cuellar Director | Trustee | 2 | $0 |
Tony Jones Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,215 |
| Total Program Service Revenue | $0 |
| Investment income | $2,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,778 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,973 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $780 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,824 |
| Office expenses | $3,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,495 |
| 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 | $8,380 |
| Insurance | $10,756 |
| All other expenses | $0 |
| Total functional expenses | $40,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $31,531 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $521,304 |
| Investments—publicly traded securities | $137,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $523,268 |
| Total assets | $1,253,407 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81 |
| Total liabilities | $81 |
| Net assets without donor restrictions | $1,160,324 |
| Net assets with donor restrictions | $93,002 |
| 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 | $1,253,407 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olaf Wieghorst Museum Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Orange County Community Foundation Newport Beach, CA PURPOSE: ARTS & CULTURE | $10,000 |
Endowment Analysis
| Beg. Balance | $126,172 |
| Earnings | $9,551 |
| Admin Expense | $780 |
| Ending Balance | $134,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |
Santa Barbara Museum Of Art Santa Barbara, CA | $142,171,274 | $22,074,169 |
Museum Of Contemporary Art San Diego San Diego, CA | $162,622,820 | $13,720,273 |
Norton Simon Museum Of Art At Pasadena Pasadena, CA | $122,399,582 | $8,241,771 |
San Jose Museum Of Art Association San Jose, CA | $16,287,073 | $5,738,899 |
Orange County Museum Of Art Costa Mesa, CA | $94,177,600 | $20,684,828 |
Broad Art Foundation Los Angeles, CA | $604,724,418 | $1,209,304 |
Tucson Museum Of Art Tucson, AZ | $11,220,910 | $5,263,730 |
Laguna Art Museum Laguna Beach, CA | $5,795,493 | $2,876,596 |
Frederick R Weisman Art Foundation Los Angeles, CA | $103,361,969 | $3,711,410 |
Museum Of Craft And Design San Francisco, CA | $8,469,025 | $2,375,562 |