A E Bean Backus Gallery & Museum Inc
- Assets
- $2.1m
- Revenue
- $894.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Pierce, FL
- Founding
- 07/1992
- Data as of
- 06/2023
- 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. 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 06/2023, A E Bean Backus Gallery & Museum Inc generated $894.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $786.3k during the year ending 06/2023. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 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 |
|---|---|---|---|
H Allen Baldree President | OfficerTrustee | 2 | $0 |
Cleo Stern Vice-President | OfficerTrustee | 2 | $0 |
Ed Fry Treasuer | OfficerTrustee | 2 | $0 |
J Marshall Adams Executive Director | OfficerTrustee | 40 | $73,980 |
Susan M Klein Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $58,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,758 |
| Noncash contributions included in lines 1a–1f | $24,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,658 |
| Total Program Service Revenue | $465,540 |
| Investment income | $438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,357 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,826 |
| Net Income from Gaming Activities | $45,490 |
| Net Income from Sales of Inventory | $62,404 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $894,713 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,630 |
| Fees for services: Accounting | $15,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,896 |
| Office expenses | $16,524 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,487 |
| Insurance | $0 |
| All other expenses | $135,443 |
| Total functional expenses | $786,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,089 |
| Savings and temporary cash investments | $49,382 |
| 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 | $87,302 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $818,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $712,408 |
| Total assets | $2,133,010 |
| Accounts payable and accrued expenses | $6,498 |
| 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 | $155,413 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $161,911 |
| Net assets without donor restrictions | $1,968,422 |
| Net assets with donor restrictions | $2,677 |
| 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 | $2,133,010 |