Carolina Art Association, operating under the name Gibbes Museum Of Art, is located in Charleston, SC. The organization was established in 1955. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Gibbes Museum Of Art employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gibbes 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 06/2021, Gibbes Museum Of Art generated $3.7m 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 (8.5%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. 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
THE MISSION OF THE GIBBES MUSEUM OF ART IS TO ENHANCE LIVES THROUGH ART BY ENGAGING PEOPLE OF EVERY BACKGROUND AND EXPERIENCE WITH ART AND ARTISTS OF ENDURING QUALITY; COLLECT AND PRESERVE THE ART THAT TOUCHES CHARLESTON; AND PROVIDE OPPORTUNITIES TO LEARN, TO DISCOVER, TO ENJOY, AND TO BE INSPIRED BY THE CREATIVE PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS/EXHIBITIONS/SCHOLARSHIP: THE ART COLLECTION HOUSED AT THE GIBBES CONSTITUTES THE SINGLE GREATEST CULTURAL ASSET IN THE LOWCOUNTRY REGION OF SOUTH CAROLINA. FEW COLLECTIONS IN THE UNITED STATES MATCH ITS DEPTH, BREADTH AND QUALITY IN AMERICAN ART THAT TOUCHES CHARLESTON. THE GIBBES AIMS TO PRESENT AN INNOVATIVE SERIES OF SPECIAL EXHIBITIONS AND PERMANENT COLLECTION INSTALLATIONS OF SUPERIOR QUALITY, VARIETY, AND SCOPE. EXHIBITIONS ARE DESIGNED AS AN EXPERIMENTAL PLATFORM FOR ENGAGING WITH ART IN NEW AND EXCITING WAYS AND CHALLENGING ESTABLISHED INTERPRETATIONS. THE PROGRAM STRIVES TO PROMOTE CREATIVITY, INTRODUCE NEW ART FORMS, PROVIDE PERSPECTIVE ON LARGER COMMUNITY ISSUES, ENCOURAGE FREEDOM OF THOUGHT, AND CONNECT WITH THE BROADEST POSSIBLE AUDIENCE.
EDUCATION/PUBLIC PROGRAMS: EDUCATION AND PUBLIC PROGRAMS ARE CENTRAL TO THE MISSION AND VISION OF THE GIBBES AND STEM FROM THE MUSEUM'S PURPOSE TO CONNECT PEOPLE OF ALL BACKGROUNDS TO IDEAS AND CREATIVITY THROUGH ART. WE WORK TO PROVIDE A CULTURAL EXPERIENCE FOR EVERYONE BY CONNECTING ARTISTS, THE CREATIVE PROCESS, AND WORKS OF ART TO IMPROVE OUR QUALITY OF LIFE AND STIMULATE DIALOGUE AND INNOVATION. THE GIBBES IS COMMITTED TO: PROVIDING HIGH-QUALITY TRAINING TO ALL STAFF AND VOLUNTEERS WHOSE RESPONSIBILITY INVOLVES IMPLEMENTATION OF THIS POLICY; ENCOURAGING ACCESS TO THE CURATORIAL DEPARTMENT AND INDUSTRY LEADERS FOR THE PURPOSE OF STUDY AND TRAINING; IMPLEMENTING NATIONAL AND REGIONAL STANDARDS AND RECOMMENDATIONS FOR MUSEUM EDUCATION; APPLYING THE STATE CURRICULUM STANDARDS FOR THE VISUAL ARTS FOR ALL PROGRAMS THROUGHOUT THE TRI-COUNTY SCHOOLS; AND IMPLEMENTING THE STATE CURRICULUM STANDARDS FOR THE VISUAL ARTS TO ENHANCE OTHER DISCIPLINES: SOCIAL STUDIES, ENGLISH LANGUAGE ARTS, SCIENCE AND MATH.
VISITOR SERVICES/GIFT SHOP/ART SALES GALLERY: THE MUSEUM IS IDEALLY POSITIONED TO TELL THE STORIES OF THE AMERICAN SOUTH TO ITS VISITORS AND COMMUNITY. EDUCATION IS CENTRAL TO ITS MISSION AND ITS PROGRAMS AND DESIGNED FOR LEARNERS OF ALL AGES. OUR VISITOR SERVICES AND RETAIL AMENITIES CATER TO ALL AGES AND COMPLIMENT THE MISSION DRIVEN ACTIVITIES OF THE MUSEUM. THE MUSEUM STORE SHOWCASES THE CREATIVITY OF REGIONAL ARTISTS, AND COLLABORATES WITH ARTISTS ON EXCLUSIVE PRODUCTS ONLY AVAILABLE AT THE GIBBES. FEATURED PRODUCTS INCLUDE JEWELRY, GIFTS, ART SUPPLIES, BOOKS, AND SPECIALTY ITEMS - INTRODUCING ART INTO EVERYDAY LIFE. EVERY TAX-FREE PURCHASE DIRECTLY SUPPORTS THE GIBBES MUSEUM'S MISSION TO ENHANCE LIVES THROUGH ART BY HELPING TO FUND OUR EXHIBITION AND EDUCATIONAL PROGRAMMING. THE RUTH AND BILL BAKER ART SALES GALLERY PROVIDES CAREER SUPPORT TO ARTISTS SELECTED FOR THE VISITING ARTIST PROGRAM THROUGH THE PROFESSIONAL DISPLAY AND SALE OF RECENT WORKS. PRESENTING UP TO SIX EXHIBITIONS ANNUALLY, THE ART SALES GALLERY PROVIDES AN INSIGHTFUL, CONTEMPORARY ART EXPERIENCE THAT CONNECTS EMERGING AS WELL AS ESTABLISHED COLLECTORS WITH ARTISTS AT ALL LEVELS OF ARTISTIC ENDEAVOR. LOCATED ON THE FIRST FLOOR OF THE MUSEUM, THE GALLERY IS AN EXTENSION OF THE EDUCATION CORRIDOR, WHICH FURTHERS OUR VISITORS' INTERACTION WITH ART FROM THE ART-MAKING PROCESS TO THE EXHIBITION OF COMPLETED WORKS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angela Mack Executive Director/preside | Officer | 40 | $180,976 |
James G Game Tresurer | Officer | 40 | $68,514 |
Sara C Arnold Vice Chair | Officer | 40 | $59,917 |
Wendi Ammons Secretary | Officer | 40 | $42,836 |
Zinnia Willits Vice President Part Year | Officer | 40 | $30,401 |
Courtney Soler Treasurer-Part Year | Officer | 40 | $3,466 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Adp Totalsource Payroll | 6/29/21 | $706,464 |
Gibbes Museum Tenant Llc Rent | 6/29/21 | $232,074 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $310,827 |
Fundraising events | $83,557 |
Related organizations | $0 |
Government grants | $664,289 |
All other contributions, gifts, grants, and similar amounts not included above | $2,039,494 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,098,167 |
Total Program Service Revenue | $270,174 |
Investment income | $133,217 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $192,718 |
Net Gain/Loss on Asset Sales | -$156,017 |
Net Income from Fundraising Events | $65,112 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $56,821 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,674,900 |
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 | $1,005,351 |
Pension plan accruals and contributions | $15,528 |
Other employee benefits | $98,876 |
Payroll taxes | $74,182 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $28,675 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $10,426 |
Fees for services: Other | $28,915 |
Advertising and promotion | $155,956 |
Office expenses | $110,567 |
Information technology | $61,149 |
Royalties | $0 |
Occupancy | $718,736 |
Travel | $4,776 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $41,412 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,599 |
Insurance | $29,933 |
All other expenses | -$37,150 |
Total functional expenses | $2,598,586 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $897,999 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $230,490 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,785,003 |
Inventories for sale or use | $87,102 |
Prepaid expenses and deferred charges | $88,582 |
Net Land, buildings, and equipment | $73,005 |
Investments—publicly traded securities | $2,329,526 |
Investments—other securities | $9,525,105 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $613,747 |
Total assets | $18,630,559 |
Accounts payable and accrued expenses | $71,432 |
Grants payable | $0 |
Deferred revenue | $505,654 |
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 | $525,882 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $72,997 |
Total liabilities | $1,175,965 |
Net assets without donor restrictions | $15,628,343 |
Net assets with donor restrictions | $1,826,251 |
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 | $18,630,559 |
Over the last fiscal year, we have identified 10 grants that Carolina Art Association has recieved totaling $442,887.
Awarding Organization | Amount |
---|---|
James J Pallotta Charitable Trust Weston, MA PURPOSE: CULTIVATION OF THE ARTS AND ART EDUCATION. | $350,000 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: ARTS GRANT | $38,912 |
Joseph J Schott Foundation Mount Pleasant, SC PURPOSE: GENERAL OPERATION | $27,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,193 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Beg. Balance | $1,092,872 |
Earnings | $300,193 |
Net Contributions | $128,068 |
Other Expense | $227,522 |
Ending Balance | $1,293,611 |
Organization Name | Assets | Revenue |
---|---|---|
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Jorge M Perez Art Museum Of Miami Dade County Inc Miami, FL | $170,476,765 | $20,155,933 |
South Florida Pbs Inc Boynton Beach, FL | $14,560,451 | $12,247,643 |
Media Research Center Inc Reston, VA | $19,599,973 | $13,888,807 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Atlanta Educational Telecommunications Collaborative Atlanta, GA | $9,527,387 | $16,413,589 |
Hampton Roads Educational Telecommunications Association Inc Norfolk, VA | $32,040,229 | $13,882,168 |
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Norton Museum Of Art Inc West Palm Beach, FL | $222,458,211 | $26,618,274 |
Tampa Bay Performing Arts Center Tampa, FL | $46,297,228 | $24,294,667 |
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
North Carolina Symphony Society Inc Raleigh, NC | $32,524,457 | $22,246,893 |