Wharton Studio Museum
- Assets
- $72.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5580900
Organization Overview
Wharton Studio Museum is located in Ithaca, NY. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wharton Studio Museum 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 12/2021, Wharton Studio Museum generated $63.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $126.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amina Ahmad Treasurer | 3 | $0 | |
Anne Gossan Board Member | 1 | $0 | |
Constance Bruce Board Member | 1 | $0 | |
Nigar Hale Chair | 2 | $0 | |
Clifton Hood Board Member | 1 | $0 | |
Peter Littman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,996 |
| Total Program Service Revenue | $2,150 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,280 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,333 |
| Professional fees and other payments to independent contractors | $3,003 |
| Occupancy, rent, utilities, and maintenance | $1,682 |
| Printing, publications, postage, and shipping | $492 |
| Other expenses | $97,952 |
| Total expenses | $126,462 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,397 |
| Other assets | $0 |
| Total assets | $72,397 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,397 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wharton Studio Museum has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Longhill Charitable Foundation Inc New York, NY PURPOSE: CHARITY | $20,000 |
Norathco Foundation Ithaca, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |