Modernism Museum Of Mount Dora Inc
- Assets
- $148.5k
- Revenue
- $22.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Mount Dora, FL
- Founding
- 03/2015
- Data as of
- 03/2024
- EIN
- 46-3740144
Organization Overview
Modernism Museum Of Mount Dora Inc is located in Mount Dora, FL. The organization was established in 2015. 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. Modernism Museum Of Mount Dora 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 03/2024, Modernism Museum Of Mount Dora Inc generated $22.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $78.7k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO INSPIRE PEOPLE TO LEARN FROM ART, CRAFT AND DESIGN, AND TO ENRICH THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THREE LARGEST PROGRAMS SERVICE ACCOMPLISHMENTS WERE THE MEMPHIS EXHIBIT AND THE JUDY PLATT AND NEW WORLD MUSIC PERFORMANCES.CAPTIVATING THE LIFE OF DAVID BOWIE THROUGH A DEFINITIVE COLLECTION OF OBJECTS FROM HIS ESTATE AND PERFORMANCES OF SOME OF HIS ROCK PERSONA, THE ORGANIZATION WAS ABLE TO PAY TRIBUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Mazik Director | Trustee | 1 | $0 |
Donna Brown Director | Trustee | 1 | $0 |
Larry Baker Director | Trustee | 1 | $0 |
David Rago Advisory Board Member | Trustee | 1 | $0 |
Suzanne Perrault Advisory Board Member | Trustee | 1 | $0 |
Robert Aibel Advisory Board Member | 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 | $22,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,784 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,784 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,052 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,158 |
| Advertising and promotion | $250 |
| Office expenses | $1,423 |
| Information technology | $0 |
| 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 | $4,848 |
| Insurance | $30,846 |
| All other expenses | $0 |
| Total functional expenses | $78,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,672 |
| Savings and temporary cash investments | $0 |
| 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 | $1,524 |
| Net Land, buildings, and equipment | $138,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $148,549 |
| 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 | $434,510 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $687,229 |
| Total liabilities | $1,121,739 |
| Net assets without donor restrictions | $0 |
| 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 | -$973,190 |
| Total liabilities and net assets/fund balances | $148,549 |