Clyfford Still Museum Foundation
- Assets
- $128.5m
- Revenue
- -$541.7k
- Investments
- $69.5m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 61-1581548
Organization Overview
Clyfford Still Museum Foundation is located in Denver, CO. The organization was established in 2017. 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. Clyfford Still Museum Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF CLYFFORD STILL MUSEUM, A COLORADO NONPROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SPECIFIC PURPOSES AND OBJECTIVES OF THE CORPORATION SHALL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING: (A) TO RECEIVE CONTRIBUTIONS FROM ANY SOURCE WHATSOEVER AND TO ESTABLISH, MAINTAIN AND ADMINISTER AN ENDOWMENT FUND FOR THE EXCLUSIVE BENEFIT OF CLYFFORD STILL MUSEUM. (B) SUBJECT TO THE TERMS OF ANY SPECIFIC GIFT, GRANT, BEQUEST OR DEVISE, TO MAKE DISTRIBUTIONS FROM SUCH ENDOWMENT FUND EXCLUSIVELY FOR THE SUPPORT OF CLYFFORD STILL MUSEUM FOR ITS CHARITABLE, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES AND FOR ITS CUSTODY OF AND CARE FOR THE CLYFFORD STILL MUSEUM COLLECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, THE FOUNDATION MADE GRANTS TOTALING 3,050,833 TO THE CLYFFORD STILL MUSEUM FOR ART CONSERVATION AND GENERAL OPERATING SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Tsai Assistant VP | Officer | 0.25 | $0 |
Anna Boatwright Assistant Se | Officer | 0.25 | $0 |
Daniel Benel Treasurer | OfficerTrustee | 0.25 | $0 |
Susannah Drake Director | Trustee | 0.25 | $0 |
Harold R Logan Director | Trustee | 0.25 | $0 |
J Landis Martin President | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Equity Advisors Llc Advisory Svcs | 12/30/22 | $160,858 |
Monticello Associates Advisory Svcs | 12/30/22 | $125,000 |
Highclere International Investors Ll Advisory Svcs | 12/30/22 | $102,039 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $689,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,022 |
| Net Gain/Loss on Asset Sales | -$1,346,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$541,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,050,833 |
| 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 | $491,536 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,679 |
| All other expenses | $7,233 |
| Total functional expenses | $3,568,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,764 |
| Savings and temporary cash investments | $1,004,919 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $55,132,936 |
| Investments—other securities | $69,543,316 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,314,456 |
| Total assets | $128,501,391 |
| Accounts payable and accrued expenses | $4,722 |
| 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 | $0 |
| Total liabilities | $4,722 |
| Net assets without donor restrictions | $535,174 |
| Net assets with donor restrictions | $127,961,495 |
| 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 | $128,501,391 |