Friends Of The Springfield Art Museum Inc
- Assets
- $6.0m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MO
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 43-1476636
Organization Overview
Friends Of The Springfield Art Museum Inc is located in Springfield, MO. The organization was established in 1988. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of The Springfield 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING AND PROVIDING FINANCIAL SUPPORT, AND ENCOURAGING THE DEVELOPMENT OF FINANCIAL SUPPORT, FOR THE SPRINGFIELD ART MUSEUM OF THE CITY OF SPRINGFIELD, MISSOURI, AND OF ITS ARTISTIC AND EDUCATIONAL MISSION, AND ITS PUBLIC BUILDING AND PUBLIC WORKS NEEDS, AND THE UNMET OR UNDERFUNDED FINANCIAL NEEDS OF THE SPRINGFIELD ART MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE SPRINGFIELD ART MUSEUM AND SUPPORT OF RELATED PROGRAMS AND PHYSICAL EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Cavner Chair | OfficerTrustee | 1 | $0 |
Matthew Edwards Secretarty | OfficerTrustee | 1 | $0 |
Leaster Gibson Vice Chair | OfficerTrustee | 1 | $0 |
Brian Riedy Treasurer | OfficerTrustee | 1 | $0 |
Sally Baird Director | Trustee | 1 | $0 |
Shae Johnson Director | 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 | $6,089,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,089,511 |
| Total Program Service Revenue | $0 |
| Investment income | $61,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,151,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| 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 | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,499 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,009 |
| Office expenses | $0 |
| Information technology | $3,385 |
| 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 | $0 |
| Insurance | $3,335 |
| All other expenses | $0 |
| Total functional expenses | $108,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,749 |
| Savings and temporary cash investments | $5,206 |
| Pledges and grants receivable | $791,000 |
| 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 | $4,441,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,975,408 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,339,908 |
| Net assets with donor restrictions | $635,500 |
| 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 | $5,975,408 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of The Springfield Art Museum Inc has recieved totaling $25,019.
| Awarding Organization | Amount |
|---|---|
Tua Melinda J Mcdaniel Char Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Earnings | -$15,471 |
| Admin Expense | $8,498 |
| Net Contributions | $4,465,423 |
| Ending Balance | $4,441,454 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Museum Of Fine Arts Foundation Little Rock, AR | $93,043,643 | $19,970,442 |
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Opas Foundation Omaha, NE | $216,930,638 | $54,646,266 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
Science Museum Oklahoma Affiliated Fund Of Occf Inc Oklahoma City, OK | $67,323,215 | $1,438,504 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |