The Taubman Museum Of Art

Organization Overview

The Taubman Museum Of Art is located in Roanoke, VA. The organization was established in 1954. 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 06/2022, Taubman Museum Of Art employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taubman 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, Taubman Museum Of Art generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. 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

THE TAUBMAN MUSUEM OF ART'S MISSION IS TO BRING PEOPLE AND ART TOGETHER FOR DISCOVERY, LEARNING AND ENJOYMENT. SERVING THE DIVERSE COMMUNITIES OF OUR REGION, THE TAUBMAN MUSEUM OF ART ENGAGES ALL AUDIENCES THROUGH THE CELEBRATION AND ENJOYMENT OF THE CREATIVE PROCESS. IT IS COMMITTED TO EXCELLENCE IN ITS COLLECTION, SCHOLARSHIP, EDUCATION AND CREATIVE ACTIVITIES. OUR EMPHASIS IS ON AMERICAN ART AND REGIONAL CULTURE. THE INSTITUTE OF ART SPECIALIZES IN THE EXHIBITION, EDUCATION AND SCHOLARSHIP OF 19TH AND 20TH CENTURY AMERICAN ART.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MUSEUM CONDUCTS AND SPONSORS ART CLASSES, LECTURES, SHOWS AND EXHIBITS, THEATRICAL AND MUSICAL PROGRAMS, FILM PRESENTATIONS AND WORKSHOPS TO STIMULATE ART APPRECIATION IN THE ROANOKE VALLEY AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Cindy Petersen
Executive Director
$265,156
Mr Leon P Harris
Chairman
$0
Mr W Heywood Fralin
Vice Chairman
$0
Mr David Wine
Treasurer
$0
Mr William J Lemon
Secretary
$0
Mr Nicholas F Taubman
Chair. Emeritus
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$128,894
Fundraising events$6,552
Related organizations$0
Government grants $469,205
All other contributions, gifts, grants, and similar amounts not included above$1,248,985
Noncash contributions included in lines 1a–1f $332,371
Total Revenue from Contributions, Gifts, Grants & Similar$1,853,636
Total Program Service Revenue$573,947
Investment income $668,300
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,191,153
Net Income from Fundraising Events $140,208
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $26,203
Miscellaneous Revenue$0
Total Revenue $4,453,447

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Taubman Museum Of Art has recieved totaling $5,000.

Awarding OrganizationAmount
Taubman Foundation For The Arts

Roanoke, VA

PURPOSE: OPERATING CONTRIBUTION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$32,953,637
Earnings-$3,709,498
Net Contributions$565,957
Other Expense$1,103,836
Ending Balance$28,706,260

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