Huntsville Museum Of Art
- Assets
- $1.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 76
- Location
- Huntsville, AL
- Founding
- 02/1990
- Data as of
- 09/2023
- EIN
- 63-0644957
Organization Overview
Huntsville Museum Of Art is located in Huntsville, AL. The organization was established in 1990. 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 09/2023, Huntsville Museum Of Art employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntsville Museum Of Art 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 09/2023, Huntsville Museum Of Art generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.2m during the year ending 09/2023. 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
EXHIBITIONS AND COLLECTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS AND COLLECTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Jones Chair | OfficerTrustee | 1 | $0 |
David Nast Vice-Chair | OfficerTrustee | 1 | $0 |
Charlie Bonner Secretary | OfficerTrustee | 1 | $0 |
John Wynn Treasurer | OfficerTrustee | 1 | $0 |
John Allen Member | Trustee | 1 | $0 |
Sarah Gessler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $383,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,260,901 |
| Noncash contributions included in lines 1a–1f | $29,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,644,344 |
| Total Program Service Revenue | $652,802 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,951 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,212 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,237 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,343,546 |
| 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. | $187,907 |
| Compensation of current officers, directors, key employees. | $35,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $974,878 |
| Pension plan accruals and contributions | $34,659 |
| Other employee benefits | $53,206 |
| Payroll taxes | $87,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $334,639 |
| Advertising and promotion | $66,642 |
| Office expenses | $17,412 |
| Information technology | $85,428 |
| Royalties | $0 |
| Occupancy | $394,916 |
| Travel | $17,562 |
| 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 | $17,116 |
| Insurance | $52,086 |
| All other expenses | $564,508 |
| Total functional expenses | $3,163,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $31,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,284 |
| Prepaid expenses and deferred charges | $245,969 |
| Net Land, buildings, and equipment | $65,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $292,723 |
| Total assets | $1,235,986 |
| Accounts payable and accrued expenses | $167,575 |
| Grants payable | $0 |
| Deferred revenue | $547,475 |
| 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 | $134,585 |
| Total liabilities | $849,635 |
| Net assets without donor restrictions | $386,351 |
| Net assets with donor restrictions | $0 |
| 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 | $1,235,986 |