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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Betsy White Executive Di | Officer | 40 | $67,900 |
Brent Dyson Trustee | OfficerTrustee | 1 | $0 |
Richard Davidson Emeritus Tru | Trustee | 1 | $0 |
Ben Jennings Emeritus Tru | Trustee | 1 | $0 |
Mary Stuart Emeritus Tru | Trustee | 1 | $0 |
Joyce Kilgore Trustee | Trustee | 1 | $0 |
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 |
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 | $527,273 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $41,800 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $17,164 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $20,827 |
Office expenses | $15,930 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $16,219 |
Travel | $10,902 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $58,765 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $199,462 |
Insurance | $36,215 |
All other expenses | $108,993 |
Total functional expenses | $1,287,787 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $18,128 |
Savings and temporary cash investments | $327,124 |
Pledges and grants receivable | $49,028 |
Accounts receivable, net | $21,557 |
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 | $5,668 |
Net Land, buildings, and equipment | $3,423,512 |
Investments—publicly traded securities | $83,839 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,928,856 |
Accounts payable and accrued expenses | $91,284 |
Grants payable | $0 |
Deferred revenue | $104,610 |
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 | $1,062,963 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $6,782 |
Total liabilities | $1,265,639 |
Net assets without donor restrictions | $2,205,437 |
Net assets with donor restrictions | $457,780 |
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 | $3,928,856 |
Over the last fiscal year, we have identified 8 grants that William King Museum Of Art has recieved totaling $163,558.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $91,088 |
Earnings | -$7,249 |
Ending Balance | $83,839 |
Organization Name | Assets | Revenue |
---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |