Fort Wayne Museum Of Art Inc

Organization Overview

Fort Wayne Museum Of Art Inc is located in Fort Wayne, IN. The organization was established in 1942. 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 06/2022, Fort Wayne Museum Of Art Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Wayne Museum Of Art Inc 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 06/2022, Fort Wayne Museum Of Art Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 1.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FORT WAYNE MUSEUM OF ART WILL COLLECT, PRESERVE AND PRESENT AMERICAN AND RELATED ART TO ENGAGE AND EDUCATE BROAD AND DIVERSE AUDIENCES THROUGHOUT THE REGION AND ADD VALUE TO THEIR LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CURATORIAL - FOR THE EDUCATION AND ENJOYMENT OF OUR CONSTITUENTS, WE ACQUIRE, CARE FOR AND PRESENT WORKS OF ART DRAWN FROM THE PERMANENT COLLECTION, COMBINED WITH EXHIBITS WE HAVE DEVELOPED OURSELVES, AND EXHIBITS CREATED BY OTHER INSTITUTIONS.


EDUCATION - WE PRESENT ADULT, COLLEGE, AND CHILDREN'S K-12 ONSITE AND OUTREACH PROGRAMS, EXHIBITIONS, WORKSHOPS, LECTURES, PANEL DISCUSSIONS, TOURS, SEMINARS AND SPECIAL EVENTS.


MARKETING & DEVELOPMENT - WE DEVELOP AND PROMOTE AN INTEGRATED STRATEGY TO INCREASE OUR AUDIENCES' INTEREST, APPRECIATION AND UNDERSTANDING OF AMERICA'S HISTORICAL AND CONTEMPORARY ART.


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Board, Officers & Key Employees

Name (title)Compensation
Charles A Shepard III
President &
$187,942
Lon Braun
Vice Preside
$93,000
Ellen Cutter
Chair
$0
Ryan Fox
Vice Chair
$0
Heather Schoegler
Secretary
$0
Judy Roy
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$118,688
Fundraising events$339,566
Related organizations$0
Government grants $474,510
All other contributions, gifts, grants, and similar amounts not included above$3,324,185
Noncash contributions included in lines 1a–1f $142,866
Total Revenue from Contributions, Gifts, Grants & Similar$4,256,949
Total Program Service Revenue$113,541
Investment income $251,771
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,003
Net Gain/Loss on Asset Sales $311,439
Net Income from Fundraising Events -$89,410
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $104,486
Miscellaneous Revenue$0
Total Revenue $4,976,518

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Fort Wayne Museum Of Art Inc has recieved totaling $18,000.

Awarding OrganizationAmount
Tim And Libby Ash Family Foundation Inc

Fort Wayne, IN

PURPOSE: TO COLLECT, PRESERVE, PRESENT AND INTERPRET AMERICAN ART TO DIVERSE AUDIENCES

$14,500
Patricia Adsit Foundation Inc

Fort Wayne, IN

PURPOSE: SUPPORT

$2,500
Demarchis Family Foundation

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,367,234
Earnings-$957,179
Net Contributions$2,079,000
Other Expense$349,134
Ending Balance$8,140,921

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