Museum Of American Porcelain Art
- Assets
- $1.9m
- Revenue
- $563.5k
- Investments
- $0.0
- Employees
- 3
- Location
- South Euclid, OH
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4639965
Organization Overview
Museum Of American Porcelain Art is located in South Euclid, OH. The organization was established in 2014. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Museum Of American Porcelain Art employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of American Porcelain 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 12/2023, Museum Of American Porcelain Art generated $563.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $382.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM OF AMERICAN PORCELAIN ART("MAPA") WILL RECEIVE CONTRIBUTIONS FROM THE GENERAL PUBLIC AND FROM OTHER PUBLIC CHARITIES. MAPA WILL ALSO RECEIVE CONTRIBUTIONS FROM RICHARD A. BARONE AND POSSIBLY OTHER MEMBERS OF THE BARONE FAMILY BUT A SUBSTANTIAL PART OF ITS SUPPORT WILL COME FROM THE GENERAL PUBLIC AND OTHER CHARITIES. MAPA WILL OPERATE A MUSEUM FOR THE FOLLOWING PURPOSES: 1. TO DISPLAY AND PROMOTE THE INTEREST AND STUDY OF AMERICAN PORCELAIN ART. 2. PROVIDE AND FACILITATE THE STUDY AND ACCUMULATION OF HISTORICAL DATA REGARDING AMERICAN PORCELAIN ART. 3. MAINTAIN A PUBLIC MUSEUM AND LIBRARY REGARDING AMERICAN PORCELAIN ART. 4. CONDUCT PUBLIC CAMPAIGNS OR PRIVATE SOLICITATION FOR CASH CONTRIBUTIONS AND FOR THE ACQUISITION OF ART BY GIFT OR DEVISE. 5. OPERATE AND MAINTAIN THE CORPORATION AS A PUBLIC CHARITABLE INSTITUTION, ORGANIZED EXCLUSIVELY NOT FOR-PROFIT AND EXCLUSIVELY FOR CHARITABLE AND ART RELATED EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A PUBLIC MUSEUM AND LIBRARY REGARDING AMERICAN PORCELAIN ART, TO INCLUDE PROVIDING AND FACILITATING THE STUDY AND ACCUMULATION OF RELATED HISTORICAL DATA.
MAINTAIN A PUBLIC MUSEUM AND LIBRARY REGARDING AMERICAN PORCELAIN ART, TO INCLUDE PROVIDING AND FACILITATING THE STUDY AND ACCUMULATION OF RELATED HISTORICAL DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Barone Chairman, Pr | OfficerTrustee | 5 | $0 |
Lorraine Dodero Trustee | Trustee | 0.5 | $0 |
Antonia Hadad Trustee | Trustee | 0.5 | $0 |
Murlan J Murphy Trustee | Trustee | 0.5 | $0 |
Racheal Seibert Executive Di | Trustee | 40 | $0 |
Douglas Smorag Trustee | Trustee | 0.5 | $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 | $554,519 |
| Noncash contributions included in lines 1a–1f | $41,891 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,519 |
| Total Program Service Revenue | $8,875 |
| Investment income | $10,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,480 |
| 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 | $206,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,571 |
| Payroll taxes | $20,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,519 |
| Office expenses | $20,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,372 |
| Travel | $1,132 |
| 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 | $30,137 |
| Insurance | $8,736 |
| All other expenses | $0 |
| Total functional expenses | $382,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,377 |
| 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 | $0 |
| Net Land, buildings, and equipment | $235,235 |
| Investments—publicly traded securities | $208,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $74,807 |
| Other assets | $1,333,265 |
| Total assets | $1,866,263 |
| 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 | $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 | $1,866,263 |
| Total liabilities and net assets/fund balances | $1,866,263 |