J B Speed Art Museum

Organization Overview

J B Speed Art Museum is located in Louisville, KY. The organization was established in 1935. 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 09/2021, J B Speed Art Museum employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J B Speed Art Museum 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 09/2021, J B Speed Art Museum generated $14.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $11.2m during the year ending 09/2021. While expenses have increased by 0.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AT THE SPEED ART MUSEUM, WE INVITE EVERYONE TO CELEBRATE ART FOREVER. WHETHER YOU'RE AN ART AFICIONADO OR DON'T KNOW A DALI FROM A DEGAS, YOU CAN FIND FRESH INSPIRATION AND MEANING AT THE SPEED ART MUSEUM. WITH MODERN ARCHITECTURE, EXPANDED PROGRAMMING, INTERACTIVE EXHIBITS AND INVITING OUTDOOR SPACES, THE SPEED OFFERS COUNTLESS OPPORTUNITIES FOR EVERYONE TO CREATE THEIR OWN CONNECTIONS AND EXPERIENCE ART AT THEIR OWN SPEED. AT THE SPEED, WE'RE WORKING TO MAKE THE MUSEUM A SAFE AND WELCOMING PLACE FOR EVERYONE IN OUR COMMUNITY. LEARN MORE ABOUT THE SPEED'S COMMITMENT TO DIVERSITY, EQUITY, ACCESSIBILITY, AND INCLUSION.

Describe the Organization's Program Activity:

GUARDIANSHIP AND MAINTENANCE OF THE MUSEUM AND ITS ART COLLECTION. THE SPEED ART MUSEUM UTILIZES SECURITY PERSONNEL AND TECHNOLOGY TO SECURE THE COLLECTION AS WELL AS THE MUSEUM STAFF AND VISITORS. STATE-OF-THE-ART TEMPERATURE AND HUMIDITY CONTROL SYSTEMS PROTECT THE COLLECTION FROM ENVIRONMENTAL DAMAGES.


CURATORIAL INITIATIVES INCLUDE ROTATING EXHIBITIONS, CARE FOR THE PERMANENT COLLECTION, AND SCHOLARLY PUBLICATIONS. THE CURATORIAL STAFF STEWARDS A COLLECTION OF 13,000 OBJECTS SPANNING 6,000 YEARS OF HUMAN HISTORY FROM ANCIENT TO CONTEMPORARY ARTWORKS. CURATORS PRODUCE AMBITIOUS EXHIBITIONS, BRINGING ARTWORK FROM AROUND THE WORLD TO THE LOUISVILLE COMMUNITY AND PROGRAM EVENTS TO ENHANCE EXHIBITION CONTENT.


EDUCATION AND OUTREACH PROGRAMS FOSTER DYNAMIC, MULTI-SENSORIAL EXPERIENCES FOR VISITORS OF ALL AGES AND BACKGROUNDS. EDUCATION PROGRAMS FOR YOUTH AND FAMILIES PROVIDE OPPORTUNITIES FOR CHILDREN TO GROW UP WITH THE SPEED. OFFERINGS INCLUDE HANDS-ON WORKSHOPS, INTERACTIVE LESSONS, AND GUIDED TOURS OF THE COLLECTION. OUTREACH PROGRAMS ENGAGE UNDERSERVED POPULATIONS AND OFTEN PARTNER WITH BOTH ARTS AND NON-ARTS ORGANIZATIONS TO REACH ALL LEVELS OF THE COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Courier Journal Media
Advertising
$150,490
Bosse Construction
Garage Renovations
$172,798
T2 Systems
Garage Security System
$120,986
Walker Mechanical
Mechanical Repair
$137,864
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$883,456
Related organizations$0
Government grants $901,100
All other contributions, gifts, grants, and similar amounts not included above$7,193,825
Noncash contributions included in lines 1a–1f $243,075
Total Revenue from Contributions, Gifts, Grants & Similar$8,978,381
Total Program Service Revenue$803,000
Investment income $1,907,688
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $81,750
Net Gain/Loss on Asset Sales $2,608,740
Net Income from Fundraising Events -$271,566
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $92,864
Miscellaneous Revenue$0
Total Revenue $14,473,949

Grants Recieved

Over the last fiscal year, we have identified 1 grants that J B Speed Art Museum has recieved totaling $3,250.

Awarding OrganizationAmount
Charles H Dishman Iii Family Foundation Inc

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$3,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$69,362,301
Earnings$14,133,325
Net Contributions$102,000
Other Expense$2,656,042
Ending Balance$80,941,584

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