John & Mable Ringling Museum Of Art Foundation
- Assets
- $7.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 03/1969
- Data as of
- 06/2022
- EIN
- 59-6214423
Organization Overview
John & Mable Ringling Museum Of Art Foundation is located in Sarasota, FL. The organization was established in 1969. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. John & Mable Ringling Museum Of Art Foundation 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 06/2022, John & Mable Ringling Museum Of Art Foundation generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2021-2022 FISCAL YEAR FEATURED 12 EXHIBITIONS IN THE SEARING WING, TIBBALS LEARNING CENTER, THE RENOVATED CIRCUS MUSEUM, THE KEITH D. AND LINDA L. MONDA GALLERY FOR CONTEMPORARY ART, THE PAVILION GALLERY, AND THE COMMUNITY GALLERY. EXHIBITIONS OF SPECIAL NOTE WERE:THE 2021-2022 FISCAL YEAR FEATURED 12 EXHIBITIONS IN THE SEARING WING, TIBBALS LEARNING CENTER, THE RENOVATED CIRCUS MUSEUM, THE KEITH D. AND LINDA L. MONDA GALLERY FOR CONTEMPORARY ART, THE PAVILION GALLERY, AND THE COMMUNITY GALLERY. EXHIBITIONS OF SPECIAL NOTE WERE:METADATA: RETHINKING PHOTOGRAPHY FROM THE 21ST CENTURY: THIS EXHIBITION EMPHASIZES AN EXPANDED CONCEPT OF PHOTOGRAPHIC PRACTICE THAT INCLUDES RESEARCH-BASED PROJECTS, INSTALLATION, CONCEPTUAL WORK, AND ACTIVISM AS WELL AS ANALOG AND DIGITAL PHOTOGRAPHS. ARTISTS FEATURED ARE MOHSEN AZAR, VIKTORIA BINSCHTOK, MLADEN BIZUMIC, JOY BUOLAMWINI, ALI FESER, JASON LAZARUS, RAFAEL LOZANO-HEMMER, LILLY LULAY, TREVOR PAGLEN, AND PENELOPE UMBRICO.HARD BODIES: CONTEMPORARY JAPANESE LACQUER SCULPTURE: SINCE NEOLITHIC TIMES, CRAFTSPEOPLE ACROSS EAST ASIA HAVE USED THE SAP OF THE LACQUER TREE TO COAT AND BOND TOGETHER WOOD, BAMBOO, TEXTILES, AND CERAMICS TO MAKE ARTICLES FOR DAILY AND RITUAL USE. SINCE THE LATE 1980S, A SMALL CIRCLE OF LACQUER ARTISTS HAVE PUSHED THE MEDIUM IN ENTIRELY NEW AND DYNAMIC DIRECTIONS. ORGANIZED BY THE MINNEAPOLIS INSTITUTE OF ART, THE THIRTY-THREE WORKS BY SIXTEEN ARTISTS COMPRISE THE FIRST-EVER COMPREHENSIVE EXHIBITION OF CONTEMPORARY JAPANESE LACQUER SCULPTURE.
MAINTAINING, INTERPRETING, AND CONSERVING THE PERMANENT COLLECTION OF OVER 40,000 OBJECTS, AN ARCHIVES COLLECTION AND AN ART RESEARCH LIBRARY OF 85,000 HOLDINGS THAT SERVES THE GENERAL PUBLIC. THE MUSEUM HAD NEARLY 350,000 VISITORS AND OVER 7,000 MEMBERS.
LEARNING OPPORTUNITIES ARE OFFERED TO THE GENERAL PUBLIC, EDUCATORS, AND STUDENTS FROM ELEMENTARY TO UNIVERSITY LEVEL. PROGRAMS INCLUDE LECTURES ON THE ARTS AND HISTORY OF THE CIRCUS, FAMILY EXPLORATION ACTIVITIES IN THE GALLERIES, LESSON PLANS FOR EDUCATORS ABOUT THE RINGLING COLLECTIONS, UNIVERSITY-LEVEL SEMINARS ON A SPECTRUM OF CULTURAL TOPICS, AND UNIVERSITY INTERN PROGRAMS IN WHICH STUDENTS OBTAIN AN OVERVIEW OF THE BUSINESS OF MUSEUMS. IN ADDITION, THE RINGLING HOSTS SCHOOL GROUP TOURS FROM ACROSS THE STATE OF FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Michael Bush Treasurer | OfficerTrustee | 1 | $0 |
Judith F Shank Secretary | OfficerTrustee | 1 | $0 |
Jeffrey R Hotchkiss Chair | OfficerTrustee | 1 | $0 |
Steven High Executive Director | Officer | 40 | $0 |
Jean Evans Deputy Director | Officer | 40 | $0 |
Cynthia L Peterson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
International Fine Art Conservation Stud Conservation And Restoration | 6/29/19 | $178,668 |
Evergreene Architectural Arts Inc Conservation And Restoration | 6/29/19 | $306,751 |
Opjl Brother & Sister Llc Catering And Food Services | 6/29/19 | $162,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,212,936 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $652,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,865,258 |
| Total Program Service Revenue | $0 |
| Investment income | $109,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,326 |
| Net Income from Fundraising Events | -$19,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,949,232 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,077 |
| Fees for services: Other | $337,252 |
| Advertising and promotion | $48,926 |
| Office expenses | $144,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,520 |
| Travel | $45,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,407 |
| Insurance | $196,383 |
| All other expenses | $183,399 |
| Total functional expenses | $1,748,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,732 |
| Savings and temporary cash investments | $2,373,455 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $29,477 |
| Net Land, buildings, and equipment | $110,501 |
| Investments—publicly traded securities | $4,408,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,335 |
| Total assets | $7,269,339 |
| Accounts payable and accrued expenses | $158,943 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,000 |
| Total liabilities | $213,943 |
| Net assets without donor restrictions | $3,898,890 |
| Net assets with donor restrictions | $3,156,506 |
| 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 | $7,269,339 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that John & Mable Ringling Museum Of Art Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Dale And Patsy Hosman Family Foundation Inc Englewood, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Linnie E Dalbeck Memorial Foundation Sarasota, FL PURPOSE: RESTORATION OF BUTLER'S PANTRY CA'D ZAN PHASE 1 | $10,000 |
Endowment Analysis
| Beg. Balance | $2,026,053 |
| Earnings | -$135,053 |
| Other Expense | $7,443 |
| Ending Balance | $1,883,557 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Phillips Center For The Performing Arts Inc Orlando, FL | $72,410,407 | $23,068,254 |
Broward Performing Arts Foundation Inc Fort Lauderdale, FL | $22,267,625 | $6,295,369 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Udt-Seal Museum Association Inc Fort Pierce, FL | $11,703,499 | $4,225,376 |
Tampa Bay Performing Arts Center Foundation Inc Tampa, FL | $58,693,450 | $5,079,168 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Sarasota Performing Arts Center Foundation Inc Sarasota, FL | $17,775,293 | $3,231,495 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
John & Mable Ringling Museum Of Art Foundation Sarasota, FL | $7,269,339 | $1,949,232 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |
Friends Of The Uffizi Gallery Inc Palm Beach, FL | $431,458 | $549,429 |