Columbia Museum Of Art
- Assets
- $10.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 87
- Location
- Columbia, SC
- Founding
- 02/1962
- Data as of
- 06/2021
- EIN
- 57-6007869
Organization Overview
Columbia Museum Of Art is located in Columbia, SC. The organization was established in 1962. 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, Columbia Museum Of Art employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia 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, Columbia Museum Of Art generated $4.3m 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 (6.9%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COLUMBIA MUSEUM OF ART SPARKS POWERFUL CONNECTIONS THROUGH ART FROM AROUND THE CORNER AND AROUND THE WORLD IN AN ENVIRONMENT THAT IS WELCOMING TO ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLUMBIA MUSEUM OF ART'S THREE MAJOR PROGRAM SERVICE CATEGORIES ARE CURATORIAL, CONSERVATION AND EXHIBITIONS; EDUCATION AND PUBLIC PROGRAMS; AND PRINTING, PUBLICATION, AND PROMOTIONS OF THE ART MUSEUM FOR THE GENERAL PUBLIC. APPROXIMATELY 731,000, 451,000, AND 264,000 WERE SPENT ON CURATORIAL, CONSERVATION AND EXHIBITIONS; EDUCATION AND PUBLIC PROGRAMS, AND PRINTING, PUBLICATION AND PROMOTION, RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Della Watkins Executive Di | Officer | 70 | $168,435 |
Leslie Archie Secretary | OfficerTrustee | 1 | $0 |
Toby Goodlett Vice Preside | OfficerTrustee | 1 | $0 |
Cathy Love President | OfficerTrustee | 1 | $0 |
Iris Griffin Treasurer | OfficerTrustee | 1 | $0 |
Brenda Wheeler Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mb Kahn Construction Co Contractor | 6/29/18 | $2,821,523 |
Verner Johnson Inc Architectural | 6/29/18 | $178,043 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $468,039 |
| Fundraising events | $165,000 |
| Related organizations | $0 |
| Government grants | $1,758,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,684,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,075,888 |
| Total Program Service Revenue | $267,012 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,013 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$32,322 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$47,871 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,304,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,306 |
| 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. | $168,435 |
| Compensation of current officers, directors, key employees. | $58,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,229,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $509,873 |
| Payroll taxes | $130,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $52,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $72,294 |
| All other expenses | $740,454 |
| Total functional expenses | $3,698,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,198,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,642 |
| 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 | $168,060 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,843,480 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,316,216 |
| Accounts payable and accrued expenses | $274,935 |
| Grants payable | $0 |
| Deferred revenue | $205,971 |
| 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 | $266,672 |
| Other liabilities | $498,770 |
| Total liabilities | $1,246,348 |
| Net assets without donor restrictions | -$1,768,242 |
| Net assets with donor restrictions | $10,838,110 |
| 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 | $10,316,216 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbia Museum Of Art has recieved totaling $41,000.
| Awarding Organization | Amount |
|---|---|
Lucy Hampton Bostick Charitable Trust Columbia, SC PURPOSE: SUPPORT EXEMPT PURPOSE | $41,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mint Museum Of Art Inc Charlotte, NC | $80,854,701 | $6,923,462 |
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
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 |
Louise Wells Cameron Art Museum Wilmington, NC | $20,155,749 | $2,062,415 |
Asheville Art Museum Association Inc Asheville, NC | $32,695,907 | $8,810,292 |
Museum Of Design Atlanta Inc Atlanta, GA | $539,874 | $1,203,645 |
Blowing Rock Art & History Museum Inc Blowing Rock, NC | $9,451,359 | $1,232,615 |
Albany Museum Of Art Incorporated Albany, GA | $10,946,085 | $1,017,845 |
Contemporary Art Foundation Inc Raleigh, NC | $4,075,454 | $561,724 |
Lagrange Art Museum Inc Lagrange, GA | $1,434,948 | $721,879 |