The Art Museum Of Eastern Idaho Inc
- Assets
- $889.3k
- Revenue
- $448.6k
- Investments
- $330.8k
- Employees
- 8
- Location
- Idaho Falls, ID
- Founding
- 11/2002
- Data as of
- 06/2024
- EIN
- 48-1273754
Organization Overview
The Art Museum Of Eastern Idaho Inc is located in Idaho Falls, ID. The organization was established in 2002. 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 06/2024, Art Museum Of Eastern Idaho Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Museum Of Eastern Idaho 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 06/2024, Art Museum Of Eastern Idaho Inc generated $448.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $367.2k during the year ending 06/2024. While expenses have increased by 5.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
AS THE ONLY REGIONAL ART MUSEUM IN EASTERN IDAHO AND ONLY THE SECOND IN THE STATE OF IDAHO, THE ART MUSEUM OF EASTERN IDAHO (TAM) OPERATES IN THE PUBLIC TRUST AS A MUSEUM OF SERVICE AND AS A REGIONAL LEADER IN THE VISUAL ARTS. TAM PROMOTES THE POWER OF THE ARTS TO EDUCATE, INSPIRE AND EMPOWER THE LIVES OF INDIVIDUALS OF ALL AGES AND ABILITIES IN EASTERN IDAHO BY SHOWCASING ROTATING ART EXHIBITS, BUILDING A PERMANENT COLLECTION-PARTICULARLY WORKS BY IDAHO ARTISTS-AND PROVIDING EXTENSIVE EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAM SERVES AS A CATALYST FOR CREATIVE ENGAGEMENT BETWEEN THE ARTS AND INDIVIDUALS OF ALL AGES AND ABILITIES THROUGH A WIDE VARIETY OF INNOVATIVE FINE ART EXHIBITIONS AND STIMULATING EDUCATIONAL PROGRAMMING. TAX PRESENTS EXHIBITIONS THAT ENGAGE THE IMAGINATION AND RANGE WIDELY IN SCOPE, MEDIUM AND SUBJECT MATTER. THESE EXHIBITS ARE THE BASIS FOR THE MUSEUM'S ARTWORKS OUTREACH LESSONS IN 250 CLASSROOMS THROUGHOUT EASTERN IDAHO. SPECICAL EMPHASIS IS PLACED ON SERVING UNDERSERVED AND RURAL SCHOOLS AND VISITS ARE PROVIDED AT NO COST TO THE SCHOOLS. TAM'S EDUCATORS ALSO GUIDE 2,000+ STUDENTS THOUGH ITS EXHIBITS AND HOST QUARTERLY FREE FAMILY DAYS FOR THE COMMUNITY.
WEEKLY YOUTH CLASSES AND SUMMER ART CAMPS ARE OFFERED TO CHILDREN AGES 3 - 13 WHERE STUDENTS EXPLORE CORE ART PRINCIPLES, DEVELOP FINE ART TECHNIQUES AND ENGAGE IN A BROAD RANGE OF ART-MAKING PROCESSES FROM DRAWING TO SCULPTURE. SCHOLARSHIPS ARE MADE AVAILABLE TO ENSURE THESE OPPORTUNITIES ARE ACCESSIBLE TO ALL.TAX ALSO OFFERS A BROAD RANGE OF CLASSES AND WORKSHOPS FOR ADULTS IN ALL STAGES OF THEIR ARTISTIC DEVELOPMENT. FROM WATERCOLOR WORKSHOPS TO MONTHLY CERAMIC AND FIGURE STUDIO SESSIONS, ADULT CLASSES ENGAGE NEW AND EMERGING ARTISTS IN THE DEVELOPMENT OF THEIR ARTISTIC VOICE AND ASSISTS ESTABLISHED ARTISTS IN CONNECTING WITH NEW APPROACHES AND REFINING THEIR SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexa Stanger Executive Dir. | Officer | 40 | $63,673 |
Jenni Garren President | OfficerTrustee | 5 | $0 |
Kerry Martin Vice President | OfficerTrustee | 5 | $0 |
John Beal Treasurer | OfficerTrustee | 5 | $0 |
Kate Meehan Secretary | OfficerTrustee | 10 | $0 |
Kristi Austin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,447 |
| Fundraising events | $8,303 |
| Related organizations | $0 |
| Government grants | $18,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,088 |
| Total Program Service Revenue | $49,023 |
| Investment income | $54,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,236 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,359 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,578 |
| 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. | $63,673 |
| Compensation of current officers, directors, key employees. | $25,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,949 |
| Pension plan accruals and contributions | $5,263 |
| Other employee benefits | $0 |
| Payroll taxes | $18,704 |
| 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 | $0 |
| Advertising and promotion | $7,428 |
| Office expenses | $0 |
| Information technology | $4,648 |
| Royalties | $0 |
| Occupancy | $23,572 |
| Travel | $165 |
| 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 | $5,051 |
| Insurance | $880 |
| All other expenses | $13,707 |
| Total functional expenses | $367,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,364 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $48,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $330,769 |
| Investments—program-related | $414,065 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $889,328 |
| Accounts payable and accrued expenses | $5,301 |
| Grants payable | $0 |
| Deferred revenue | $44,650 |
| 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 | $4,947 |
| Other liabilities | $0 |
| Total liabilities | $54,898 |
| 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 | $834,430 |
| Total liabilities and net assets/fund balances | $889,328 |