North Dakota Museum Of Art
- Assets
- $7.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Grand Forks, ND
- Founding
- 02/1987
- Data as of
- 06/2022
- EIN
- 45-0386152
Organization Overview
North Dakota Museum Of Art is located in Grand Forks, ND. The organization was established in 1987. 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, North Dakota Museum Of Art employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Museum Of Art 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, North Dakota Museum Of Art generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $958.1k during the year ending 06/2022. 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
THE NORTH DAKOTA MUSEUM OF ART, BY LEGISLATIVE ACT, SERVES AS THE OFFICIAL ART MUSEUM OF THE STATE OF NORTH DAKOTA. THE MUSEUM'S PURPOSE IS TO FOSTER AND NURTURE THE AESTHETIC LIFE AND ARTISTIC EXPRESSION OF THE PEOPLE LIVING ON THE NORTHERN PLAINS. THE MUSEUM WILL PROVIDE EXPERIENCES THAT PLEASE, ENLIGHTEN AND EDUCATE THE CHILD, THE STUDENT AND THE BROAD GENERAL PUBLIC. SPECIFICALLY, THE MUSEUM WILL RESEARCH, COLLECT, CONSERVE AND EXHIBIT WORKS OF ART. IT WILL ALSO DEVELOP PROGRAMS IN SUCH RELATED ARTS AS PERFORMANCE, MEDIA ARTS AND MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING ART EDUCATION BY CONDUCTING CONCERT SERIES, EXHIBITIONS, EDUCATION, AND CONSERVING, COLLECTING AND EXHIBITING WORKS OF ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wallace Executive Director | Officer | 40 | $53,281 |
Annie Gorder Trustee | OfficerTrustee | 1 | $0 |
Ashley Dipuma Trustee | OfficerTrustee | 1 | $0 |
Natalie Muth Trustee | OfficerTrustee | 1 | $0 |
Darrell Larson Trustee | Trustee | 1 | $0 |
Carson Muth Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,833 |
| Fundraising events | $53,569 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,871,353 |
| Noncash contributions included in lines 1a–1f | $888,209 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,942,755 |
| Total Program Service Revenue | $108,787 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,490 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,052,250 |
| 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. | $178,336 |
| Compensation of current officers, directors, key employees. | $178,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,102 |
| Payroll taxes | $28,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,000 |
| Advertising and promotion | $12,631 |
| Office expenses | $13,176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,423 |
| Travel | $10,479 |
| 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 | $8,260 |
| Insurance | $15,331 |
| All other expenses | $28,937 |
| Total functional expenses | $958,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,067,407 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $170,018 |
| Prepaid expenses and deferred charges | $7,415 |
| Net Land, buildings, and equipment | $145,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,038,399 |
| Total assets | $7,446,530 |
| Accounts payable and accrued expenses | $33,600 |
| Grants payable | $0 |
| Deferred revenue | $55,091 |
| 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 | $62,699 |
| Total liabilities | $151,390 |
| Net assets without donor restrictions | $7,295,140 |
| Net assets with donor restrictions | $0 |
| 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 | $7,446,530 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that North Dakota Museum Of Art has recieved totaling $196,238.
| Awarding Organization | Amount |
|---|---|
The Carol Hepper Foundation Wilmington, DE PURPOSE: 10 SCULPTURES | $164,000 |
Community Foundation Of Grand Forks East Grand Forks And Region Grand Forks, ND PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $17,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $10,000 |
Myra Foundation Grand Forks, ND PURPOSE: MYRA PRESENTS | $3,000 |
Beito Foundation Thief River Falls, MN PURPOSE: DONATION | $2,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Endowment Analysis
| Beg. Balance | $1,566,904 |
| Earnings | -$55,208 |
| Admin Expense | $1,266,896 |
| Net Contributions | $129,699 |
| Ending Balance | $374,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Society Of Fine Arts Minneapolis, MN | $389,108,974 | $52,759,804 |
Trigg-C M Russell Foundation Inc Great Falls, MT | $22,641,198 | $6,338,416 |
Minnesota Museum Of American Art Saint Paul, MN | $9,032,036 | $1,499,963 |
Plains Art Museum Fargo, ND | $10,649,612 | $3,114,280 |
Yellowstone Art Museum Billings, MT | $11,746,839 | $2,174,760 |
Museum Of Russian Art Minneapolis, MN | $5,847,264 | $2,095,024 |
Missoula Art Museum Missoula, MT | $1,429,271 | $991,349 |
North Dakota Museum Of Art Grand Forks, ND | $7,446,530 | $2,052,250 |
Rochester Art Center Rochester, MN | $5,600,838 | $780,668 |
Zootown Arts Community Center Missoula, MT | $3,023,059 | $609,530 |
Holter Museum Of Art Inc Helena, MT | $2,087,361 | $1,048,936 |
Paris Gibson Square Incorporated Great Falls, MT | $1,488,352 | $485,841 |