Crocker Art Museum Foundation
- Assets
- $46.1m
- Revenue
- $5.9m
- Investments
- $696.6k
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 05/1985
- Data as of
- 06/2021
- 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 06/2021, Crocker Art Museum Foundation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 18.9% 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
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 |
|---|---|---|---|
Susie Burton President | OfficerTrustee | 10 | $0 |
Steven Felderstein Secretary & Treasurer | OfficerTrustee | 10 | $0 |
Lial Jones Executive Director | Officer | 5 | $0 |
David Separovich Director Of Finance | Officer | 5 | $0 |
Laura Fergerson Board Member | Trustee | 10 | $0 |
Chris Holben Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $294,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,544 |
| Noncash contributions included in lines 1a–1f | $11,042 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,794 |
| Total Program Service Revenue | $0 |
| Investment income | $602,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,900,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,867,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,475,072 |
| 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 | $79,246 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,500 |
| Office expenses | $25 |
| 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 | $700 |
| Total functional expenses | $1,567,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $127,500 |
| 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 | $38,683,053 |
| Investments—other securities | $696,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,494,504 |
| Total assets | $46,079,263 |
| 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 | $11,421,987 |
| Net assets with donor restrictions | $34,657,276 |
| 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 | $46,079,263 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crocker Art Museum Foundation has recieved totaling $294,250.
| Awarding Organization | Amount |
|---|---|
Crocker Art Museum Association Sacramento, CA PURPOSE: ENDOWMENT FUNDS | $294,250 |
Endowment Analysis
| Beg. Balance | $30,755,130 |
| Earnings | $9,510,189 |
| Admin Expense | $79,246 |
| Net Contributions | $690,368 |
| Other Expense | $1,496,788 |
| Ending Balance | $39,379,653 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fine Arts Museums Foundation San Francisco, CA | $293,998,421 | $1,528,655 |
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
California Center For The Arts Escondido Foundation Escondido, CA | $1,637,426 | $6,432,180 |
Screen Actors Guild - American Federation Of Television And Radio Los Angeles, CA | $32,891,873 | $7,217,007 |
Carmel Mission Foundation Inc Carmel, CA | $1,231,681 | $982,770 |
All Classical Public Media Inc Portland, OR | $12,996,411 | $4,875,278 |
Oregon Shakespearean Festival Endowment Fund Inc Ashland, OR | $33,018,945 | $1,149,955 |
Ford Theatre Foundation Hollywood, CA | $2,293,812 | $4,065,513 |
Mccallum Theatre Foundation Inc Palm Desert, CA | $10,233,971 | $253,349 |
California State Railroad Museum Foundation Inc Sacramento, CA | $11,474,601 | $3,874,416 |
Phoenix Art Museum Endowment Fund Inc Phoenix, AZ | $32,304,336 | $805,868 |
The California Museum Of History Women And The Arts Sacramento, CA | $9,367,922 | $1,679,886 |