William King Museum Of Art

Organization Overview

William King Museum Of Art is located in Abingdon, VA. The organization was established in 1992. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, William King Museum Of Art employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William King Museum Of 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 06/2022, William King Museum Of Art generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING ART EXHIBITS AND EDUCATION TO SOUTHWEST VA & NORTHEAST TN

Describe the Organization's Program Activity:

Part 3 - Line 4a

ART EXHIBITS AND EDUCATION PROGRAMS FOR CHILDREN AND ADULTS OF THE REGION


ART EXHIBITS AND EDUCATION PROGRAMS FOR CHILDREN AND ADULTS OF THE REGION


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Board, Officers & Key Employees

Name (title)Compensation
Betsy White
Executive Di
$67,900
Brent Dyson
Trustee
$0
Richard Davidson
Emeritus Tru
$0
Ben Jennings
Emeritus Tru
$0
Mary Stuart
Emeritus Tru
$0
Joyce Kilgore
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$63,219
Fundraising events$0
Related organizations$0
Government grants $173,982
All other contributions, gifts, grants, and similar amounts not included above$1,484,611
Noncash contributions included in lines 1a–1f $22,692
Total Revenue from Contributions, Gifts, Grants & Similar$1,721,812
Total Program Service Revenue$134,275
Investment income $85
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $60,493
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,918,425

Grants Recieved

Over the last fiscal year, we have identified 8 grants that William King Museum Of Art has recieved totaling $163,558.

Awarding OrganizationAmount
Mary Morton Parsons Foundation

Richmond, VA

PURPOSE: PHASE II OF CULTURAL CAMPUS DEVELOPMENT PROJECT

$100,000
Frances R Dewing Foundation Med-26041

Boston, MA

PURPOSE: LITTLE LAMBS FIBER ARTS

$18,958
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$12,600
B F Foundation

Grundy, VA

PURPOSE: EDUCATIONAL

$10,000
Food City Charitable Foundation Inc

Abingdon, VA

PURPOSE: SUPPORT THE MISSION OF THE CHARITY

$7,500
Food City Charitable Foundation Inc

Abingdon, VA

PURPOSE: SUPPORT THE MISSION OF THE CHARITY

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$91,088
Earnings-$7,249
Ending Balance$83,839

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