Museum Of Nebraska Art
- Assets
- $42.4m
- Revenue
- $13.5m
- Investments
- $4.5k
- Employees
- 3
- Location
- Kearney, NE
- Founding
- 02/1979
- Data as of
- 06/2023
- EIN
- 47-0608588
Organization Overview
Museum Of Nebraska Art is located in Kearney, NE. The organization was established in 1979. 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 06/2023, Museum Of Nebraska Art employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Nebraska 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 06/2023, Museum Of Nebraska Art generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE ENJOYMENT AND EDUCATION OF NEBRASKA-CONNECTED ARTISTS AND ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMMING AND COORDINATED EVENTS WITH LOCAL YOUTH ART PROGRAMS.
OTHER ACTIVITIES OF THE MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Anderson Director | Trustee | 1 | $0 |
Marilyn Hadley Director | Trustee | 1 | $0 |
Jon Bokenkamp Director | Trustee | 1 | $0 |
Burke Harr Director | Trustee | 1 | $0 |
Derrick Burbl Ex-Officio-Chair, Art & De | Trustee | 1 | $0 |
John Heil Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,304 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,613,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,332,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,000,529 |
| Total Program Service Revenue | $13,892 |
| Investment income | $381,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,258 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,547,143 |
| 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. | $145,840 |
| Compensation of current officers, directors, key employees. | $39,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,668 |
| Pension plan accruals and contributions | $21,480 |
| Other employee benefits | $80,541 |
| Payroll taxes | $1,748 |
| Fees for services: Management | $20,510 |
| Fees for services: Legal | $315 |
| Fees for services: Accounting | $26,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,285 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,714 |
| Office expenses | $10,627 |
| Information technology | $7,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,982 |
| 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 | $102,026 |
| Insurance | $23,559 |
| All other expenses | $26,364 |
| Total functional expenses | $1,105,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,042,218 |
| Savings and temporary cash investments | $2,054,763 |
| Pledges and grants receivable | $2,100,470 |
| Accounts receivable, net | $50 |
| 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 | $18,834 |
| Net Land, buildings, and equipment | $15,051,030 |
| Investments—publicly traded securities | $6,509,383 |
| Investments—other securities | $4,538 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,582,559 |
| Total assets | $42,363,845 |
| Accounts payable and accrued expenses | $793,399 |
| 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 | $793,399 |
| Net assets without donor restrictions | $23,501,012 |
| Net assets with donor restrictions | $18,069,434 |
| 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 | $42,363,845 |