San Angelo Museum Of Fine Arts
- Assets
- $11.8m
- Revenue
- $1.3m
- Investments
- $7.2m
- Employees
- 63
- Location
- San Angelo, TX
- Founding
- 10/1981
- Data as of
- 12/2021
- EIN
- 75-1776765
Organization Overview
San Angelo Museum Of Fine Arts is located in San Angelo, TX. The organization was established in 1981. 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 12/2021, San Angelo Museum Of Fine Arts employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Angelo Museum Of Fine Arts 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, San Angelo Museum Of Fine Arts generated $1.3m 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 (7.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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 ESTABLISH AND MAINTAIN A MUSEUM IN ORDER TO HOUSE AND EXHIBIT A PERMANENT COLLECTION OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM PROVIDES THE COMMUNITY THE OPPORTUNITY TO VIEW QUALITY WORKS OF ART AND PARTICIPATE IN ART-RELATED ACTIVITIES TO PROVIDE ART CULTURE AND EDUCATION. APPROXIMATELY 675 MEMBERS. STARBASE GOODFELLOW IS A DEPT OF DEFENSE EDUCATIONAL OUTREACH PROGRAM MANAGED LOCALLY BY THE SAN ANGELO MUSEUM OF FINE ARTS. THIS PROGRAM IS DESIGNED TO INCREASE KNOWLEDGE IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Taylor President & CEO | OfficerTrustee | 40 | $106,560 |
Kit Morris Secretary | OfficerTrustee | 2 | $0 |
Tom Gregg Vice Chair | OfficerTrustee | 2 | $0 |
J Chris Sugg Treasurer | OfficerTrustee | 2 | $0 |
Lori Francks Chair | OfficerTrustee | 2 | $0 |
Heidi Brooks Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,736 |
| Noncash contributions included in lines 1a–1f | $18,818 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,833 |
| Total Program Service Revenue | $199,603 |
| Investment income | $205,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $111,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,281,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $109,758 |
| Compensation of current officers, directors, key employees. | $36,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,484 |
| Pension plan accruals and contributions | $6,303 |
| Other employee benefits | $3,565 |
| Payroll taxes | $44,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,643 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,830 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,563 |
| Travel | $48,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,344 |
| Insurance | $47,717 |
| All other expenses | $58,882 |
| Total functional expenses | $1,340,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $187,102 |
| Accounts receivable, net | $15,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,203 |
| Prepaid expenses and deferred charges | $61,165 |
| Net Land, buildings, and equipment | $3,408,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,210,658 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $11,754,792 |
| Accounts payable and accrued expenses | $203,215 |
| 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 | $1,275,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $435,967 |
| Total liabilities | $1,915,017 |
| Net assets without donor restrictions | $2,448,774 |
| Net assets with donor restrictions | $7,391,001 |
| 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 | $11,754,792 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that San Angelo Museum Of Fine Arts has recieved totaling $334,919.
| Awarding Organization | Amount |
|---|---|
San Angelo Area Foundation San Angelo, TX PURPOSE: ARTS & CULTURE | $219,399 |
The Lisabeth Foundation Katonah, NY PURPOSE: ACQUISITION OF BUILDING TO DISPLAY ART | $50,000 |
Stribling Funding Corporation San Angelo, TX PURPOSE: GENERAL FUND | $27,500 |
Mary Ellen Kent Bunyard Family Foundation San Angelo, TX PURPOSE: TAKE-HOME EDUCATIONAL PACKETS & ONLINE & SOCIAL MEDIA RELATED VIDEO PRODUCTION FOR YOUTH AND CHILDREN. | $22,500 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $12,500 |
Daniel J & Edith A Ehrlich Family Foundation New York, NY PURPOSE: TO ESTABLISH AND MAINTAIN A MUSEUM IN ORDER TO HOUSE AND EXHIBIT A PERMANENT COLLECTION OF ART AS WELL AS TO PROVIDE SPACE FOR TRAVELING EXHIBITIONS, FOR THE PURPOSE OF THE ENJOYMENT AND EDUCATION OF THE GENERAL PUBLIC IN SAN ANGELO, TEXAS, THE RURAL COMMUNITIES OF THE CONCHO VALLEY, AND THE STATE OF TEXAS. | $3,000 |
Endowment Analysis
| Beg. Balance | $2,866,581 |
| Earnings | $464,677 |
| Other Expense | $112,000 |
| Ending Balance | $3,219,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Chinati Foundation Marfa, TX | $22,539,497 | $3,562,112 |
Contemporary Arts Museum Houston Houston, TX | $15,488,500 | $3,325,689 |