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 06/2024, Greenville Museum Of Art Inc employed 9 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 06/2024, Greenville Museum Of Art Inc generated $515.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $419.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ARTS THROUGH VARIOUS PROGRAMS, MAINTAINING ART COLLECTION AND MUSEUM FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE ARTS THROUGH VARIOUS PROGRAMS, MAINTAINING ART COLLECTION & MUSEUM FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Trista R Porter Executive Di | Officer | 40 | $60,000 |
Grayson Blake Board Member | Trustee | $0 | |
Alaina Corsini Board Member | Trustee | $0 | |
Lawrence Houston Board Member | Trustee | $0 | |
Sierra Jones Vice-Preside | Trustee | $0 | |
William Meggs Board Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $39,458 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $85,469 |
All other contributions, gifts, grants, and similar amounts not included above | $315,843 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $440,770 |
Total Program Service Revenue | $75,108 |
Investment income | $66 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,150 |
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 | -$5,032 |
Miscellaneous Revenue | $0 |
Total Revenue | $515,062 |
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 | $173,036 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $5,629 |
Payroll taxes | $13,358 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $19,162 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $40,875 |
Advertising and promotion | $1,660 |
Office expenses | $17,883 |
Information technology | $5,665 |
Royalties | $0 |
Occupancy | $53,362 |
Travel | $3,478 |
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 | $24,881 |
Insurance | $13,274 |
All other expenses | $89 |
Total functional expenses | $419,397 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $119,239 |
Savings and temporary cash investments | $54,808 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,030 |
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 | $343,074 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $518,151 |
Accounts payable and accrued expenses | $1,010 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $1,010 |
Net assets without donor restrictions | $517,141 |
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 | $518,151 |