Vero Beach Museum Of Art Inc
- Assets
- $60.9m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 08/1981
- Data as of
- 06/2021
- EIN
- 59-1867408
Organization Overview
Vero Beach Museum Of Art Inc is located in Vero Beach, FL. The organization was established in 1981. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Vero Beach 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, Vero Beach Museum Of Art Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $5.2m 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 VERO BEACH MUSEUM OF ART PROVIDES CULTURAL LEADERSHIP AND ENRICHMENT FOR THE PUBLIC THROUGH A WIDE VARIETY OF EDUCATIONAL, STUDIO ART AND HUMANITIES PROGRAMS; A DIVERSITY OF QUALITY EXHIBITIONS; AND THE COLLECTION, PRESERVATION AND PRESENTATION OF IMPORTANT AMERICAN AND INTERNATIONAL WORKS OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS & COLLECTIONS - THE MUSEUM PROVIDES CULTURAL ENRICHMENT FOR THE PUBLIC THROUGH TEMPORARY ART EXHIBITIONS, EXPLORATION IN THE HUMANITIES, PROFESSIONAL STUDIO AND CLASSROOM INSTRUCTION FOR ALL AGES, AND A PERMANENT ART COLLECTION. NEW PROGRAMS, SUPPORTED BY MARKETING STRATEGIES TO REACH NEW AUDIENCES ARE CREATED TO ENCOURAGE INCREASED PARTICIPATION. EXHIBITIONS PRESENTED DURING 2021-2022 INCLUDED: A TRIBUTE TO CHRISTO & JEANNE-CLAUDE: THE TOM GOLDEN COLLECTION(ATTENDANCE 2,292); AMERICAN PERSPECTIVES STORIES FROM THE AMERICAN FOLK ART MUSEUM (ATTENDANCE 3,666); VERO COLLECTS: HIDDEN TREASURES REVEALED (ATTENDANCE 13,635); SCHUMANN GALLERY SELECTIONS FROM THE PERMANENT ART COLLECTION (ATTENDANCE 5,520); STARK GALLERY PERMANENT COLLECTION, VBMA GLASS WORKS (ATTENDANCE 2,009); MARTIN PURYEAR: PRINTMAKER (ATTENDANCE 9,165); BECKWITH SCULPTURE PARK SELECTIONS FROM THE PERMANENT COLLECTION SCULPTURES (ATTENDANCE 5,576)
EDUCATION - THE MUSEUM OFFERS VARIOUS EDUCATIONAL ACTIVITIES AND EVENTS TO THE GENERAL PUBLIC, INCLUDING ART CLASSES, FILM APPRECIATION CLASSES, LECTURES AND SEMINARS, PROGRAMS, WORKSHOPS, AND REFERENCE LIBRARY. DURING THE YEAR SEVERAL CLASSES AND WORKSHOPS WERE HELD, AS WELL AS A SUMMER ART CAMP, WITH TOTAL ENROLLMENT/ATTENDANCE OF 1,398. IN ADDITION, LECTURES, SEMINARS, OPERA STUDIES, AND FILM SERIES WERE HELD, WITH TOTAL ATTENDANCE OF 2,593. DURING THE YEAR VARIOUS SCHOOL PROGRAMS, ADULT PUBLIC PROGRAMS, AND COMMUNITY PARTNERSHIP OUTREACH PROGRAMS WERE HELD WITH A TOTAL ATTENDANCE OF 10,866 PARTICIPANTS. VARIOUS YOUTH AND FAMILY PROGRAMS WERE HELD WHICH INCLUDED HOLIDAY @ MUSEUM, CHILDREN'S ART FEST, KIDZ ARTSHOPS, AND TOURS WITH TOTAL ATTENDANCE OF 9,538.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Roberts Executive Director | Officer | 40 | $265,000 |
Robyn Orzel Director Of Development | 40 | $148,350 | |
Caridad Weber Finance Manager | Officer | 40 | $94,883 |
Emily Sherwood Chair Of The Board | OfficerTrustee | 1 | $0 |
James C Penrose Vice Chair | OfficerTrustee | 1 | $0 |
Harvey J Struthers Jr Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,458,020 |
| Fundraising events | $167,450 |
| Related organizations | $0 |
| Government grants | $705,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,650,692 |
| Noncash contributions included in lines 1a–1f | $47,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,981,538 |
| Total Program Service Revenue | $162,050 |
| Investment income | $905,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $310,827 |
| Net Income from Fundraising Events | $96,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$65,841 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,493,938 |
| 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. | $376,171 |
| Compensation of current officers, directors, key employees. | $226,480 |
| 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 | $0 |
| Fees for services: Legal | $15,745 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,119 |
| Fees for services: Other | $2,334,816 |
| Advertising and promotion | $65,192 |
| Office expenses | $210,733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $635,087 |
| Travel | $6,535 |
| 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 | $685,330 |
| Insurance | $9,985 |
| All other expenses | $43,403 |
| Total functional expenses | $5,232,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,067,729 |
| Savings and temporary cash investments | $327,273 |
| Pledges and grants receivable | $46,167 |
| 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 | $53,988 |
| Prepaid expenses and deferred charges | $291,019 |
| Net Land, buildings, and equipment | $11,598,613 |
| Investments—publicly traded securities | $38,655,259 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,826,187 |
| Total assets | $60,866,235 |
| Accounts payable and accrued expenses | $233,252 |
| Grants payable | $0 |
| Deferred revenue | $834,237 |
| 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 | $482,735 |
| Other liabilities | $0 |
| Total liabilities | $1,550,224 |
| Net assets without donor restrictions | $19,238,987 |
| Net assets with donor restrictions | $40,077,024 |
| 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 | $60,866,235 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Vero Beach Museum Of Art Inc has recieved totaling $33,850.
| Awarding Organization | Amount |
|---|---|
Welsh Family Foundation Inc Vero Beach, FL PURPOSE: UNRESTRICTED | $25,000 |
Scrivan Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $1,000 |
Rogers Wilbur Foundation Inc Crownsville, MD PURPOSE: UNRESTRICTED | $500 |
The Robert C & Sarah Jane Moore Family Foundation Williams Bay, WI PURPOSE: OPERATIONS | $350 |
Endowment Analysis
| Beg. Balance | $42,486,840 |
| Earnings | -$4,622,922 |
| Admin Expense | $101,880 |
| Net Contributions | $135,100 |
| Other Expense | $1,414,133 |
| Ending Balance | $36,483,005 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |
Arts4all Florida Tampa, FL | $1,023,964 | $852,559 |
Sunflower Creative Arts Inc Delray Beach, FL | $1,506,931 | $782,866 |