Crocker Art Museum Foundation
- Assets
- $42.0m
- Revenue
- $6.9m
- Investments
- $1.7m
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 68-0037663
Organization Overview
Crocker Art Museum Foundation is located in Sacramento, CA. The organization was established in 1985. 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. Crocker Art 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.
For the year ending 06/2022, Crocker Art Museum Foundation generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 17.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CROCKER ART MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE CROCKER ART MUSEUM BY TRANSFERRING MONEY FOR ART ACQUISITION, EDUCATION PROGRAMS AND GENERAL OPERATING EXPENSES TO THE CROCKER ART MUSEUM ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Fergerson President | OfficerTrustee | 10 | $0 |
Michael Genovese Secretary & Treasurer | OfficerTrustee | 10 | $0 |
Chris Befumo Board Member | Trustee | 10 | $0 |
Claudia Colemen Board Member | Trustee | 10 | $0 |
Chris Holben Board Member | Trustee | 10 | $0 |
Steven Felderstein Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $733,547 |
| Noncash contributions included in lines 1a–1f | $30,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,733,547 |
| Total Program Service Revenue | $0 |
| Investment income | $956,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,201,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,891,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,594,462 |
| 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 | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,121 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,500 |
| Office expenses | $627 |
| 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 | $0 |
| All other expenses | $400 |
| Total functional expenses | $1,703,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $92,950 |
| Accounts receivable, net | $9,875 |
| 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 | $33,718,346 |
| Investments—other securities | $1,698,957 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,443,018 |
| Total assets | $42,028,908 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,712,648 |
| Net assets with donor restrictions | $37,316,260 |
| 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 | $42,028,908 |