Sheldon Swope Art Museum Inc
- Assets
- $3.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Terre Haute, IN
- Founding
- 08/1966
- Data as of
- 06/2022
- EIN
- 35-1125675
Organization Overview
Sheldon Swope Art Museum Inc is located in Terre Haute, IN. The organization was established in 1966. 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, Sheldon Swope Art Museum Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheldon Swope Art Museum 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, Sheldon Swope Art Museum Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $774.5k during the year ending 06/2022. While expenses have increased by 5.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF ART MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN ART MUSEUM FOR THE BENEFIT OF THE GENERAL PUBLIC. ADMISSIONS APPROXIMATELY 11,000, APPROXIMATELY 3,000 CHILDREN PARTICIPATING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Nation Executive Director | Officer | 40 | $60,000 |
Murray Pate Treasurer | OfficerTrustee | 1 | $0 |
Kathryn Brentlinger President | OfficerTrustee | 1 | $0 |
Brad Balch Secretary | OfficerTrustee | 1 | $0 |
Anna-Lee Chalos-Mcaleese Bd. Of Advisors | Trustee | 1 | $0 |
Jane Morse Bd. Of Advisors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,484,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,484,365 |
| Total Program Service Revenue | $1,975 |
| Investment income | $7,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,037 |
| Net Income from Fundraising Events | $90,486 |
| Net Income from Gaming Activities | $2,232 |
| Net Income from Sales of Inventory | $500 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,690,224 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,087 |
| Payroll taxes | $24,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,625 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $57,653 |
| Total functional expenses | $774,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,728,191 |
| Savings and temporary cash investments | $7,569 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $638,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $751,533 |
| Total assets | $3,125,518 |
| 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 | $100 |
| Total liabilities | $100 |
| Net assets without donor restrictions | $1,822,860 |
| Net assets with donor restrictions | $1,302,558 |
| 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 | $3,125,518 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sheldon Swope Art Museum Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Weston Wabash Foundation Terre Haute, IN PURPOSE: OPERATING SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $678,669 |
| Ending Balance | $678,669 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Museum Of Contemporary Art Chicago, IL | $199,455,132 | $15,185,579 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Fort Wayne Museum Of Art Inc Fort Wayne, IN | $14,143,825 | $4,976,518 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |
Springfield Art Association Of Edwards Place Springfield, IL | $2,184,986 | $1,710,598 |