Dixon Gallery & Gardens
- Assets
- $38.9m
- Revenue
- $2.4m
- Investments
- $14.9m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 58-1973160
Organization Overview
Dixon Gallery & Gardens is located in Memphis, TN. The organization was established in 1992. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixon Gallery & Gardens 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 12/2021, Dixon Gallery & Gardens generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCEPT DONATIONS/HONORARIUMS/ MEMORIALS/BEQUESTS FOR SOLE BENEFIT OF DIXON GALLERY & GARDENS.
Describe the Organization's Program Activity:
CONTRIBUTION OF CASH TO DIXON GALLERY & GARDENS, A 501(C)(3) PUBLIC CHARITY
LECTURE EXPENSES AND LIBRARY SUPPLIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Sharp Director;ex-Officio Truste | Officer | 40 | $0 |
Gail Hopper Controller | Officer | 40 | $0 |
Thomas C Adams Jr Trustee | Trustee | 1 | $0 |
E Elkan Scheidt President | Trustee | 1 | $0 |
W Neely Mallory Jr Trustee | Trustee | 1 | $0 |
W Reid Sanders Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,204,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,727 |
| Total Program Service Revenue | $0 |
| Investment income | $220,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $968,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,396,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,073,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,125 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,348 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $687 |
| All other expenses | $0 |
| Total functional expenses | $1,433,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $413,764 |
| Pledges and grants receivable | $611,537 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $22,671,849 |
| Investments—other securities | $14,947,487 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,870 |
| Total assets | $38,922,507 |
| Accounts payable and accrued expenses | $453,350 |
| 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 | $453,350 |
| Net assets without donor restrictions | $28,246,610 |
| Net assets with donor restrictions | $10,222,547 |
| 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 | $38,922,507 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Dixon Gallery & Gardens has recieved totaling $206,374.
| Awarding Organization | Amount |
|---|---|
Mcdonnell Family Foundation Memphis, TN PURPOSE: PROGRAM | $96,996 |
John Dustin Buckman Charitable Trust Memphis, TN PURPOSE: BENEFIT CHILDREN | $50,000 |
Arhtur F And Alice E Adams Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $40,000 |
The Sims Family Charitable Trust Memphis, TN PURPOSE: PROGRAM SUPPORT | $6,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $5,250 |
Mccrea Foundation Placida, FL PURPOSE: UNRESTRICTED GIFT | $5,000 |
Endowment Analysis
| Beg. Balance | $11,174,786 |
| Earnings | $613,850 |
| Other Expense | $452,000 |
| Ending Balance | $11,336,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
North Carolina Museum Of Art Foundation Inc Raleigh, NC | $80,876,506 | $13,828,837 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Marbles Kids Museum Raleigh, NC | $8,790,326 | $3,967,863 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Friends Of Nc State Museum Of Natural Sciences Raleigh, NC | $9,967,287 | $3,956,524 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |