Friends Of The Bass Museum Inc
- Assets
- $14.1m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 41
- Location
- Miami Beach, FL
- Founding
- 10/1980
- Data as of
- 09/2023
- EIN
- 59-2017511
Organization Overview
Friends Of The Bass Museum Inc is located in Miami Beach, FL. The organization was established in 1980. 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 09/2023, Friends Of The Bass Museum Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Bass Museum 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 09/2023, Friends Of The Bass Museum Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $6.0m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BASS, MIAMI BEACH'S CONTEMPORARY ART MUSEUM, SHARES THE POWER OF CONTEMPORARY ART THROUGH EXPERIENCES THAT EXCITE, CHALLENGE AND EDUCATE. ADD'L DETAIL ON PART III LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BASS SEEKS TO EXPAND THE INTERPRETATION OF CONTEMPORARY ART BY INCORPORATING DISCIPLINES OF CONTEMPORARY CULTURE, SUCH AS DESIGN, FASHION AND ARCHITECTURE, INTO THE EXHIBITION PROGRAM. THE EXHIBITION PROGRAM ENCOMPASSES A WIDE RANGE OF MEDIA AND ARTISTIC POINTS OF VIEW THAT BRING NEW THOUGHT TO THE DIVERSE CULTURAL CONTEXT OF MIAMI BEACH.
THE STEAM PLUS PROGRAM IS A CITY AND COUNTY-WIDE EFFORT TO ENRICH THE EDUCATIONAL SYSTEM IN MIAMI BEACH BY ENGAGING STUDENTS WITH THE SUBJECTS OF SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH.
DESIGNED FOR CHILDREN AGES 4-12, ART CAMPS AT THE BASS ARE LED BY PROFESSIONAL MUSEUM EDUCATORS, TEACHING ARTISTS AND CERTIFIED M-DPS ART TEACHERS. DURING CAMP SESSIONS, CAMPERS MAKE A ONE-OF-A-KIND STEAM INSPIRED PROJECTS AND LEARN THROUGH FUN, HANDS-ON ART ACTIVITIES IN SCULPTURE, PAINTING, DESIGN AND MORE. ART CAMPS RUN DURING MIAMI-DADE PUBLIC SCHOOL SPRING, SUMMER AND WINTER BREAKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Silvia Karman Cubina Executive Dir. & Chief Curator | Officer | 40 | $137,285 |
Jean Ortega Deputy Director | Officer | 40 | $126,500 |
George Lindemann Chairman | OfficerTrustee | 3 | $0 |
Diane Lieberman President | OfficerTrustee | 3 | $0 |
Laura Pareksy Gould Secretary | OfficerTrustee | 3 | $0 |
Clara Bullrich Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marian Goodman Gallery Art Acquisition | 9/29/20 | $215,000 |
Kurimanzutto Art Aquisition | 9/29/20 | $114,000 |
Allora Calzadilla Projects Llc Art Aquisition | 9/29/20 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,950 |
| Related organizations | $0 |
| Government grants | $938,066 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,916,605 |
| Noncash contributions included in lines 1a–1f | $691,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,914,621 |
| Total Program Service Revenue | $1,305,447 |
| Investment income | $95,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $345,360 |
| Net Gain/Loss on Asset Sales | -$641,689 |
| Net Income from Fundraising Events | $95,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116,144 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,256,127 |
| 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. | $263,785 |
| Compensation of current officers, directors, key employees. | $43,967 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,372,346 |
| Pension plan accruals and contributions | $28,440 |
| Other employee benefits | $107,355 |
| Payroll taxes | $226,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,495 |
| Fees for services: Lobbying | $2,686 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,165,251 |
| Advertising and promotion | $10,175 |
| Office expenses | $295,606 |
| Information technology | $132,498 |
| Royalties | $0 |
| Occupancy | $238,041 |
| Travel | $166,088 |
| 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 | $740,074 |
| Insurance | $31,980 |
| All other expenses | $0 |
| Total functional expenses | $6,046,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,042,616 |
| Savings and temporary cash investments | $1,346,348 |
| Pledges and grants receivable | $310,479 |
| Accounts receivable, net | $1,044,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $372 |
| Prepaid expenses and deferred charges | $19,410 |
| Net Land, buildings, and equipment | $6,534,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,840,805 |
| Total assets | $14,139,101 |
| Accounts payable and accrued expenses | $845,704 |
| Grants payable | $0 |
| Deferred revenue | $76,746 |
| 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 | $922,450 |
| Net assets without donor restrictions | $11,109,179 |
| Net assets with donor restrictions | $2,107,472 |
| 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 | $14,139,101 |