African Art Museum Of Maryland
- Assets
- $1.3m
- Revenue
- $69.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 04/1981
- Data as of
- 06/2024
- EIN
- 52-1206902
Organization Overview
African Art Museum Of Maryland is located in Columbia, MD. The organization was established in 1981. 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. African Art Museum Of Maryland 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, African Art Museum Of Maryland generated $69.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $26.3k during the year ending 06/2024. While expenses have increased by 6.6% per year over the past 4 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
ART DISPLAY AND EDUCATION: THE AFRICAN ART MUSEUM OF MARYLAND IS DEDICATED TO COLLECTING, EXHIBITING AND PRESERVING, FOR THE PUBLIC, THE ART OF AFRICA AND IS DEDICATED TO INCREASING THE AWARENESS OF AFRICAN ART AND CULTURE; WHILE ENCOURAGING A BROADER UNDERSTANDING AND APPRECIATION OF THE ART AND CULTURE OF AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AFRICAN ART MUSEUM OF MARYLAND IS OPEN YEAR ROUND FOR THE DISPLAY AND EXHIBITION OF TRADITIONAL AFRICAN ART. THE MUSEUM CONDUCTS AND PROVIDES, BOTH ON AND OFF SITE, AFRICAN EXPERIENCE TOURS FOR SCHOOLS AND OTHER GROUPS TO INTRODUCE AND REACQUAINT THE PUBLIC WITH AFRICAN TRADITIONS IN ART, MUSIC, DANCE, HISTORY, RELIGION, FAMILY AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris Ligon Museum Director | OfficerTrustee | 40 | $0 |
Mairice Simpkins Board Of Trustees, Vice Chairperson | OfficerTrustee | 2 | $0 |
Rose Varner-Gaskins Board Of Trustees, Secretary | OfficerTrustee | 4 | $0 |
Charles Barnum Board Of Trustees | OfficerTrustee | 2 | $0 |
Joseph A Mason Board Of Trustees | Trustee | 2 | $0 |
G Sundat Tenabe Board Of Trustees | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,231 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,075 |
| Total Program Service Revenue | $416 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,491 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $234 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $6,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,662 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,115 |
| All other expenses | $0 |
| Total functional expenses | $26,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,784 |
| Savings and temporary cash investments | $40,000 |
| 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 | $65,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,101,350 |
| Intangible assets | $0 |
| Other assets | $40,976 |
| Total assets | $1,305,729 |
| 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 | $24,506 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,506 |
| Net assets without donor restrictions | $1,281,223 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,305,729 |