Kemper Museum Operating Foundation
- Assets
- $19.2m
- Revenue
- $3.7m
- Investments
- $7.4m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 43-1715390
Organization Overview
Kemper Museum Operating Foundation is located in Kansas City, MO. The organization was established in 1995. 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. Kemper Museum Operating 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 12/2022, Kemper Museum Operating Foundation generated $3.7m 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 (6.5%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
KEMPER MUSEUM OF CONTEMPORARY ART PROVIDES A VITAL GATEWAY FOR KANSAS CITY AND THE REGION TO CONNECT WITH THE ART AND ARTISTS OF OUR TIME IN AN ALWAYS FREE AND WELCOMING ENVIRONMENT. FROM BRINGING INTERNATIONALLY RENOWNED ARTISTS WITH AMBITIOUS IDEAS TO THE MIDWEST, TO DEVELOPING CURRICULUM WITH LOCAL MEDICAL SCHOOLS, TO HOSTING FREE SCHOOL TOURS AND ART CAMPS FOR KIDS, THE MUSEUM'S EXHIBITIONS AND PUBLIC PROGRAMS INSPIRE PEOPLE, HELP THEM DISCOVER OUTLETS FOR SELF-EXPRESSION AND DIALOGUE, AND BRING DEEPER MEANING TO THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean O'harrow Officer - Executive Director | 40 | $374,343 | |
Lily Carpio Officer - Director Of Finance & Ops | 40 | $131,726 | |
Elizabeth Amirahmadi Trustee | 1 | $0 | |
Dick Anderson Trustee | 1 | $0 | |
Dan Fromm Trustee | 1 | $0 | |
Bill Gautreaux Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,050,287 |
| Interest on Savings | $37,799 |
| Dividends & Interest | $127,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $483,745 |
| Capital Gain Net Income | $483,745 |
| Net ST Capital Gain | $483,745 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,642 |
| Other Income | $39,581 |
| Total Revenue | $3,741,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $506,069 |
| Other employee salaries and wages | $1,353,676 |
| Pension plans, employee benefits | $177,228 |
| Interest | $0 |
| Taxes | $181,200 |
| Depreciation | $482,717 |
| Occupancy | $431,732 |
| Travel, conferences, and meetings | $66,400 |
| Printing and publications | $20,611 |
| Other expenses | $887,811 |
| Total operating and administrative expenses | $4,361,546 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,361,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,062,432 |
| Savings and temporary cash investments | $1,366,041 |
| Net Accounts receivable | $4,593 |
| Net Pledges Receivable | $281,938 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $44,372 |
| Prepaid expenses and deferred charges | $61,812 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,574,763 |
| Other assets | $423,496 |
| Total assets | $19,201,684 |
| Accounts payable and accrued expenses | $381,961 |
| Grants payable | $0 |
| Deferred revenue | $13,055 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $450,533 |
| Total liabilities | $845,549 |