Kmac Museum Inc is located in Louisville, KY. The organization was established in 1981. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Kmac Museum Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kmac 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, Kmac Museum Inc generated $857.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 0.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KMAC MUSEUM INSPIRES TRANSFORMATIVE CONNECTIONS BETWEEN ARTISTS, ART AND THE PUBLIC THROUGH EDUCATION, EXHIBITIONS, PROGRAMMING AND DIALOGUE. THE MUSEUM WILL BE RECOGNIZED AS A CREATIVE INFLUENCE IN THE COMMUNITY, DRAWING PEOPLE TOGETHER TO EXPERIENCE ITS ARTS LEADERSHIP, EXHIBITIONS, LEARNING PROGRAMS AND PERMANENT COLLECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS AND PROGRAMS - THE MUSEUM FEATURES CONTEMPORARY ART THAT EXPLORES CRAFT. EMPHASIZING THE TECHNIQUES, MATERIALS AND PROCESS OF CREATIVE EXPRESSION. THE MUSEUM'S GOAL IS TO EDUCATE AND INSPIRE, WHILE PROMOTING A BETTER UNDERSTANDING OF ART AND CRAFT THROUGH EXHIBITIONS, COLLABORATIONS, OUTREACH AND THE PERMANEND COLLECTION. ALLIANCES ARE FORGED WITHIN KENTUCKY, REGIONALLY, NATIONALLY AND INTERNATIONALLY IN ORDER TO PARTICIPATE IN A BROADER CONVERSATION ABOUT ART AND ITS ROLE IN SOCIETY.
EDUCATION - EDUCATIONAL OFFERINGS AT KMAC INCLUDE CAMPS, ARTIST RESIDENCIES, FIELD TRIPS, MOBILE MUSEUMS, FAMILY WORKSHOPS, AND ON AND OFF-SITE WORKSHOPS. FIELD TRIPS INCLUDE A CORE-CONTENT BASED GUIDED TOUR OF EXHIBITS, FOLLOWED BY A HANDS-ON ART PROJECT THAT STUDENTS CAN TAKE HOME. TEACHERS CHOOSE BETWEEN A THEMATIC PROJECT THAT MAKES CONNECTION TO CURRENT EXHIBITS AND A MORE SPECIFIC, HANDS-ON PROJECT TO MAKE CONNECTIONS TO CURRENT CLASSROOM STUDY. POSSIBLE PROJECTS/MEDIA INCLUDE BOOKMAKING, PRINTMAKING, PAINTING, DRAWING, FIBER ART, CERAMICS, WOOD, FOLK ART, MIXED MEDIA AND MORE. THE MOBILE MUSEUM OUTREACH PROGRAM OFFERS HANDS-ON ART PIECES AND PROJECTS WITH 13 DIFFERENT THEMES TO ENGAGE STUDENTS WITH ART OUTSIDE OF THE MUSEUM. THE SCHOLASTIC ARTIST-IN-RESIDENCE PROGRAM BRINGS A PROFESSIONAL ARTIST INTO A SCHOOL TO WORK WITH STUDENTS TO CREATE INDIVIDUAL PROJECTS TO TAKE HOME, OR A GROUP PROJECT FOR THE SCHOOL. STUDENTS AND TEACHERS WORK WITH THE ARTIST IN AN ARTS-RICH EXPERIENCE OVER SEVERAL SCHOOL VISITS THAT CAN LAST UP TO TWO WEEKS. KMAC OFFERS CAMPS THROUGHOUT THE YEAR FOR STUDENTS OF ALL AGES, WEEK-LONG SUMMER CAMPS, SPRING BREAK CAMPS, AND WINTER CAMPS TO INTRODUCE YOUNG ARTISTS TO DIFFERENT ART MEDIA AND ART-MAKING TECHNIQUES. KMAC PROVIDES FAMILY WORKSHOPS, SUITABLE FOR STUDENTS, PARENTS, AND VISITORS OF ALL AGES. THESE DROP-IN WORKSHOPS ARE AVAILABLE WHENEVER SCHOOL IS OUT AND ON SELECT WEEKENDS, SO THAT PARTICIPANTS CAN CREAT A WORK OF ART WHILE LEARNING FROM AN ART EDUCATOR OR PROFESSIONAL ARTIST.
GALLERY OWNED INVENTORIES CONSIST OF ITEMS FOR SALE IN THE MUSEUM GIFT SHOP. REVENUE FROM STORE SALES WAS $79,609 AND $54,249 IN COST OF SALES. NET INCOME FROM MUSEUMS STORE SALES WAS $25,360.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Staggs Executive Director | Officer | 40 | $80,449 |
Joey Yates Curatorial Director | Officer | 40 | $44,027 |
Theresa Carpenter Bearnes Presdient | OfficerTrustee | 3 | $0 |
Stephanie Hall Barrett Immediate Past Presdient | OfficerTrustee | 2 | $0 |
Kevin Kramer Treasurer | OfficerTrustee | 2 | $0 |
Monalisa Tailor Secretary | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $104,786 |
Membership dues | $52,565 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $136,000 |
All other contributions, gifts, grants, and similar amounts not included above | $362,806 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $656,157 |
Total Program Service Revenue | $53,732 |
Investment income | $23,184 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $32,774 |
Net Income from Fundraising Events | $66,411 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $25,360 |
Miscellaneous Revenue | $0 |
Total Revenue | $857,618 |
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. | $124,476 |
Compensation of current officers, directors, key employees. | $24,895 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $357,658 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $20,157 |
Payroll taxes | $41,202 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,850 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,989 |
Advertising and promotion | $5,586 |
Office expenses | $38,962 |
Information technology | $17,518 |
Royalties | $0 |
Occupancy | $61,442 |
Travel | $688 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $46,047 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $175,800 |
Insurance | $18,737 |
All other expenses | $2,178 |
Total functional expenses | $1,009,360 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $136,326 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $443,213 |
Accounts receivable, net | $31,603 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $33,891 |
Prepaid expenses and deferred charges | $25,703 |
Net Land, buildings, and equipment | $4,072,526 |
Investments—publicly traded securities | $1,428,331 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,171,593 |
Accounts payable and accrued expenses | $49,991 |
Grants payable | $0 |
Deferred revenue | $4,950 |
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 | $1,163,606 |
Unsecured mortgages and notes payable | $264,700 |
Other liabilities | $0 |
Total liabilities | $1,483,247 |
Net assets without donor restrictions | $3,048,571 |
Net assets with donor restrictions | $1,639,775 |
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 | $6,171,593 |
Over the last fiscal year, we have identified 11 grants that Kmac Museum Inc has recieved totaling $484,709.
Awarding Organization | Amount |
---|---|
James Graham Brown Foundation Inc Louisville, KY PURPOSE: KMAC MUSEUM CREATIVELY STEWARDING THE NEXT 40 YEARS | $225,000 |
Fund For The Arts Inc Louisville, KY PURPOSE: Cultural Pass, Sustaining Impact Grant, Partnership Grants | $135,850 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: KMAC Contemporary Art Exhibition support | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,290 |
Beg. Balance | $1,232,129 |
Earnings | $307,338 |
Net Contributions | $50,000 |
Other Expense | $92,446 |
Ending Balance | $1,497,021 |
Organization Name | Assets | Revenue |
---|---|---|
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |