George Phippen Memorial Foundation is located in Prescott, AZ. The organization was established in 1976. 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 12/2021, George Phippen Memorial Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Phippen Memorial Foundation 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, George Phippen Memorial Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $598.1k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND EXHIBIT MUSEUM QUALITY WESTERN ART AND EDUCATE THE PUBLIC ABOUT THE UNIQUE HERITAGE, HISTORY, LEGENDS, AND INFLUENCE OF ART OF THE AMERICAN WEST
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE MUSEUM HAD APPROXIMATELY 550 ACTIVE MEMBERS, 4,100 VISITORS, AND ALSO PROVIDED MULTIPLE EDUCATIONAL PROGRAMS AND ART EVENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edd Kellerman Executive Direc | Officer | 40 | $56,652 |
Anne Wenzel Treasurer | OfficerTrustee | 2 | $0 |
Kevin Pitts Chairman | OfficerTrustee | 1 | $0 |
Donna Gaddis Secretary | OfficerTrustee | 1 | $0 |
Julie Rushing Member | Trustee | 1 | $0 |
Val Ripley Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $60,955 |
Fundraising events | $32,900 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $157,403 |
Noncash contributions included in lines 1a–1f | $97,631 |
Total Revenue from Contributions, Gifts, Grants & Similar | $251,258 |
Total Program Service Revenue | $95,586 |
Investment income | $103,181 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $5,150 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $202,162 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $34,288 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,117,638 |
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. | $56,652 |
Compensation of current officers, directors, key employees. | $56,652 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $171,102 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $518 |
Payroll taxes | $17,546 |
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 | $5,639 |
Fees for services: Other | $107,326 |
Advertising and promotion | $26,050 |
Office expenses | $41,517 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $47,866 |
Travel | $396 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $195 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $75,039 |
Insurance | $14,662 |
All other expenses | -$48,489 |
Total functional expenses | $598,059 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $642,123 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $20 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $69,183 |
Prepaid expenses and deferred charges | $325 |
Net Land, buildings, and equipment | $2,635,026 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,773,539 |
Total assets | $7,120,216 |
Accounts payable and accrued expenses | $15,857 |
Grants payable | $0 |
Deferred revenue | $31,152 |
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 | $2,670 |
Total liabilities | $49,679 |
Net assets without donor restrictions | $6,761,137 |
Net assets with donor restrictions | $309,400 |
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 | $7,120,216 |
Over the last fiscal year, we have identified 3 grants that George Phippen Memorial Foundation has recieved totaling $30,923.
Awarding Organization | Amount |
---|---|
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $15,900 |
The Harold James Family Trust Prescott, AZ PURPOSE: AZ RANCHER & COWBOY HALL OF FAME SPONSOR; 2021 MEMORIAL DAY ART SHOW SPONSOR | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Beg. Balance | $583,163 |
Earnings | $92,774 |
Admin Expense | $5,639 |
Grants | $26,800 |
Ending Balance | $643,498 |
Organization Name | Assets | Revenue |
---|---|---|
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Asian Art Museum Foundation Of San Francisco San Francisco, CA | $256,031,716 | $41,593,816 |
Armand Hammer Museum Of Art And Cultural Center Inc Los Angeles, CA | $286,371,378 | $27,039,549 |
The Broad Los Angeles, CA | $573,557,667 | $36,313,761 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
San Diego Museum Of Art San Diego, CA | $78,902,831 | $13,995,818 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |