A E Bean Backus Gallery & Museum Inc
- Assets
- $2.0m
- Revenue
- $517.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Fort Pierce, FL
- Founding
- 07/1992
- Data as of
- 06/2021
- EIN
- 59-3075234
Organization Overview
A E Bean Backus Gallery & Museum Inc is located in Fort Pierce, FL. The organization was established in 1992. 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, A E Bean Backus Gallery & Museum Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A E Bean Backus Gallery & 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 06/2021, A E Bean Backus Gallery & Museum Inc generated $517.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $483.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 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 MISSION OF THE MUSEUM IS TO PROMOTE THE ARTS AND PERPETUATE THE ARTISTIC AND HUMANITARIAN LEGACY OF A.E. BACKUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE MUSEUM IS TO PROMOTE THE ARTS AND PERPETUATE THE ARTISTIC AND HUMANITARIAN LEGACY OF A.E. BACKUS, THROUGH A VARIETY OF ACTIVITIES INCLUDING EXHIBITIONS, EDUCATIONAL PROGRAMS, AND COMMUNITY ENGAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Marshall Adams Executive Director | OfficerTrustee | 40 | $62,000 |
H Allen Baldree President | OfficerTrustee | 2 | $0 |
Cleo Stern Vice-President | OfficerTrustee | 2 | $0 |
Ed Fry Treasuer | OfficerTrustee | 2 | $0 |
Susan M Klein Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,553 |
| Investment income | $91 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $29,810 |
| Net Income from Sales of Inventory | $71,536 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,113 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $115,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,004 |
| Office expenses | $5,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,088 |
| Insurance | $25,573 |
| All other expenses | $0 |
| Total functional expenses | $483,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $77,455 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $687,908 |
| Total assets | $1,994,736 |
| Accounts payable and accrued expenses | $5,820 |
| 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 | $223,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $229,285 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,765,451 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that A E Bean Backus Gallery & Museum Inc has recieved totaling $7,539.
| Awarding Organization | Amount |
|---|---|
Bernard A Egan Foundation Inc Fort Pierce, FL PURPOSE: FOR 4TH GRADE EDUCATION PROGRAM AND SCHOOL PARTNER | $5,000 |
Kelly Foundation Inc Miami, FL PURPOSE: GENERAL SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
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 |