Gum Tree Museum Of Art Inc
- Assets
- $290.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Tupelo, MS
- Founding
- 05/1984
- Data as of
- 12/2021
- EIN
- 64-0665099
Organization Overview
Gum Tree Museum Of Art Inc is located in Tupelo, MS. The organization was established in 1984. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Gum Tree Museum Of Art Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gum Tree Museum Of Art 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 12/2021, Gum Tree Museum Of Art Inc generated $88.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $67.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ARTS & ART EDUCATION IN THE AREA
Describe the Organization's Program Activity:
Part 3
PROVIDED MUSEUM ART EXHIBITIONS, LECTURES, & EDUCATIONAL WORKSHOPS
PROVIDED ART EDUCATION FOR ADULTS & CHILDREN THROUGH GRANTS
PROVIDED ANNUAL ARTS FESTIVAL WITH COMPETITIONS & EXHIBITIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Boland Treasurer | 0 | $0 | |
Sally Elliott Dir | 0 | $0 | |
Whitney Pegues Beck Dir | 0 | $0 | |
Larry Coggin Dir | 0 | $0 | |
Kathy Corban Dir | 0 | $0 | |
Sally Kepple Executive Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,489 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $910 |
| Other Revenue | $6,073 |
| Total Revenue | $88,455 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,768 |
| Professional fees and other payments to independent contractors | $20,375 |
| Occupancy, rent, utilities, and maintenance | $7,608 |
| Printing, publications, postage, and shipping | $2,328 |
| Other expenses | $21,693 |
| Total expenses | $67,772 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $154,721 |
| Other assets | $0 |
| Total assets | $290,898 |
| Total liabilities | $2,018 |
| Net assets or fund balances | $288,880 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gum Tree Museum Of Art Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Acadiana Center For The Arts Lafayette, LA | $2,214,037 | $2,734,982 |
Arts Council Inc Huntsville, AL | $1,324,347 | $2,576,236 |
Arts Council Of New Orleans New Orleans, LA | $1,809,882 | $2,444,435 |
Arts Council Of Greater Baton Rouge Inc Baton Rouge, LA | $4,710,204 | $2,512,753 |
Alabama Humanities Foundation Birmingham, AL | $1,112,119 | $1,988,298 |
Shreveport Regional Arts Council Shreveport, LA | $6,655,707 | $1,731,229 |
Metropolitan Arts Council Birmingham, AL | $4,072,987 | $1,705,369 |
Arts And Culture Alliance Of Greater Knoxville Knoxville, TN | $1,199,560 | $1,108,020 |
Arkansas Humanities Council Inc Little Rock, AR | $1,550,015 | $1,824,377 |
Center For Art & Education Van Buren, AR | $8,555,446 | $1,725,170 |
Arts And Humanities Council Of Tuscaloosa County Inc Tuscaloosa, AL | $1,736,406 | $1,015,739 |