Jorge M Perez Art Museum Of Miami Dade County Inc
- Assets
- $170.5m
- Revenue
- $20.2m
- Investments
- $24.2m
- Employees
- 107
- Location
- Miami, FL
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 59-2048869
Organization Overview
Jorge M Perez Art Museum Of Miami Dade County Inc is located in Miami, FL. The organization was established in 1981. 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 12/2021, Jorge M Perez Art Museum Of Miami Dade County Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jorge M Perez Art Museum Of Miami Dade County 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 12/2021, Jorge M Perez Art Museum Of Miami Dade County Inc generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $17.5m during the year ending 12/2021. 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
VARIOUS MUSEUM EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS ART EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Sirmans Museum Director | Officer | 40 | $537,498 |
Mark Rosenblum Chief Operating Officer | Officer | 40 | $218,613 |
M Therese Vento General Counsel | Officer | 40 | $170,063 |
Emma Heald Development Director | 40 | $139,879 | |
Rene Morales Curatorial Director | 40 | $131,428 | |
Aaron Podhurst Chairman | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Outsourced Security | 12/30/21 | $755,905 |
Century Risk Advisors Insurance Broker | 12/30/21 | $532,996 |
Jones Lang Lasalle Americas Inc Property Management | 12/30/21 | $311,135 |
Crozier Fine Arts Inc Fine Art Shipping And Storage | 12/30/21 | $294,467 |
Pritchard Sports & Entertainment Group Housekeeping Services | 12/30/21 | $253,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $247,191 |
| Fundraising events | $558,345 |
| Related organizations | $0 |
| Government grants | $6,109,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,559,300 |
| Noncash contributions included in lines 1a–1f | $703,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,474,481 |
| Total Program Service Revenue | $803,831 |
| Investment income | $411,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $153,352 |
| Net Rental Income | $428,688 |
| Net Gain/Loss on Asset Sales | $1,611,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $223,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,155,933 |
| 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. | $957,160 |
| Compensation of current officers, directors, key employees. | $324,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,362,256 |
| Pension plan accruals and contributions | $21,491 |
| Other employee benefits | $408,244 |
| Payroll taxes | $298,127 |
| Fees for services: Management | $152,512 |
| Fees for services: Legal | $31,168 |
| Fees for services: Accounting | $71,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,671 |
| Fees for services: Other | $831,558 |
| Advertising and promotion | $290,662 |
| Office expenses | $110,635 |
| Information technology | $440,823 |
| Royalties | $67,400 |
| Occupancy | $1,411,714 |
| Travel | $58,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $397,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,931,823 |
| Insurance | $678,285 |
| All other expenses | $738,790 |
| Total functional expenses | $17,542,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,678,151 |
| Savings and temporary cash investments | $8,038,426 |
| Pledges and grants receivable | $16,519,883 |
| Accounts receivable, net | $515,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $401,893 |
| Prepaid expenses and deferred charges | $382,538 |
| Net Land, buildings, and equipment | $109,316,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,194,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,429,401 |
| Total assets | $170,476,765 |
| Accounts payable and accrued expenses | $1,160,352 |
| Grants payable | $0 |
| Deferred revenue | $4,667,439 |
| 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 | $7,830,000 |
| Unsecured mortgages and notes payable | $818,937 |
| Other liabilities | $36,197 |
| Total liabilities | $14,512,925 |
| Net assets without donor restrictions | $118,288,602 |
| Net assets with donor restrictions | $37,675,238 |
| 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 | $170,476,765 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Jorge M Perez Art Museum Of Miami Dade County Inc has recieved totaling $6,344,349.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $5,180,358 |
Miguel B Fernandez Fam Foundation Charitable Tr Coral Gables, FL PURPOSE: CHARITABLE SUPPORT OF PROGRAMS AND SERVICES | $495,664 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE FUND FOR BLACK ART TO STRENGTHEN ITS PERMANENT AFRICAN AMERICAN ART COLLECTION | $250,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $121,250 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $73,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $47,000 |
Endowment Analysis
| Beg. Balance | $30,262,259 |
| Earnings | $2,517,664 |
| Net Contributions | $1,493,010 |
| Ending Balance | $34,249,836 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jorge M Perez Art Museum Of Miami Dade County Inc Miami, FL | $170,476,765 | $20,155,933 |
Norton Museum Of Art Inc West Palm Beach, FL | $222,458,211 | $26,618,274 |
Salvador Dali Museum Inc St Petersburg, FL | $91,811,213 | $16,504,517 |
Institute Of Contemporary Art Miami Inc Miami, FL | $55,226,437 | $8,674,913 |
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
Deette Holden Cummer Museum Foundation Inc Jacksonville, FL | $55,301,594 | $7,203,933 |
James Museum Of Western Art St Petersburg, FL | $84,650,622 | $18,663,033 |
Boca Raton Museum Of Art Inc Boca Raton, FL | $21,164,716 | $6,166,794 |
Museum Of Fine Arts Of St Petersburg Fla Inc St Petersburg, FL | $51,064,193 | $3,959,049 |
Tampa Museum Of Art Inc Tampa, FL | $21,710,466 | $4,685,160 |
Orlando Museum Of Art Inc Orlando, FL | $14,433,730 | $4,128,087 |
Friends Of The Bass Museum Inc Miami Beach, FL | $15,827,665 | $3,183,331 |