Greenville Museum Of Art Inc
- Assets
- $2.3m
- Revenue
- $236.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Greenville, NC
- Founding
- 03/1958
- Data as of
- 06/2021
- EIN
- 56-0754646
Organization Overview
Greenville Museum Of Art Inc is located in Greenville, NC. The organization was established in 1958. 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 06/2021, Greenville Museum Of Art Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenville Museum Of Art Inc 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 06/2021, Greenville Museum Of Art Inc generated $236.1k 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 (4.2%) each year. All expenses for the organization totaled $268.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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 PROVIDE A MEANS OF PUBLIC EDUCATION & APPRECIATION FOR THE VISUAL ARTS. ACTIVITIES INCLUDE SPECIAL EVENTS, EDUCATIONAL PROGRAMS, FINE ARTS BALL & OTHER ANNUAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE ARTS THROUGH VARIOUS PROGRAMS, MAINTAINING ART COLLECTION & MUSEUM FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trista Reis Porter Executive Di | Officer | 40 | $45,000 |
Rachel Bridgers Vice Preside | OfficerTrustee | 2 | $0 |
Katie Cannon President | OfficerTrustee | 2 | $0 |
Brian Farkas Past Preside | OfficerTrustee | 2 | $0 |
Paul Sheehan Secretary | OfficerTrustee | 2 | $0 |
Sarah Weir Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,001 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,298 |
| 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 | $3,252 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,131 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $102,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,098 |
| Advertising and promotion | $415 |
| Office expenses | $7,716 |
| Information technology | $1,832 |
| Royalties | $0 |
| Occupancy | $46,409 |
| Travel | $155 |
| 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 | $41,231 |
| Insurance | $11,171 |
| All other expenses | $0 |
| Total functional expenses | $268,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,699 |
| Savings and temporary cash investments | $4,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $924 |
| 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 | $3,221 |
| Investments—publicly traded securities | $1,948,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,313,852 |
| Accounts payable and accrued expenses | $583 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $38,200 |
| Other liabilities | $0 |
| Total liabilities | $38,783 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,275,069 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Greenville Museum Of Art Inc has recieved totaling $74,440.
| Awarding Organization | Amount |
|---|---|
Tuw Mamie R Perkins Char Primary Raleigh, NC PURPOSE: 501C3 PURPOSES | $34,875 |
Tr Uw Vivian S West West Memorial Fund Raleigh, NC PURPOSE: 501C3 PURPOSES | $29,215 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC PURPOSE: VARIOUS MUSEUM PROGRAM SUPPORT | $8,800 |
Horton Family Foundation Inc Greenville, NC PURPOSE: TO INSPIRE, EDUCATE, AND CONNECT PEOPLE THROUGH THE VISUAL ARTS BY WAY OF OUR COLLECTION, EXHIBITIONS, AND PROGRAMS. | $1,000 |
H J Brody Foundation Greenville, NC PURPOSE: GENERAL SUPPORT | $350 |
W Russell And Patricia Davis Duke Foundation Inc Greenville, NC PURPOSE: UNRESTRICTED, LOCAL/COMMUNITY | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
Mint Museum Of Art Inc Charlotte, NC | $80,854,701 | $6,923,462 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |
Columbia Museum Of Art Columbia, SC | $10,316,216 | $4,304,789 |
The Columbus Museum Inc Columbus, GA | $52,804,337 | $14,324,674 |
Knoxville Museum Of Art Knoxville, TN | $12,196,877 | $3,220,850 |