Tyler Museum Of Art
- Assets
- $8.4m
- Revenue
- $542.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 07/1968
- Data as of
- 06/2022
- EIN
- 75-6066618
Organization Overview
Tyler Museum Of Art is located in Tyler, TX. The organization was established in 1968. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Tyler 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 06/2022, Tyler Museum Of Art generated $542.5k 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 (12.9%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND CULTURAL CENTER TO ENRICH LIVES THROUGH COLLECTION, STUDY, EXHIBITION, INTERPRETATION AND CELEBRATION OF VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND CULTURAL CENTER TO ENRICH LIVES THROUGH COLLECTION, STUDY, EXHIBITION, INTERPRETATION AND CELEBRATION OF VISUAL ARTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher M Leahy Executive Director | 40 | $98,577 | |
Sarah Van Cleef Treasurer | Officer | 0 | $0 |
Vicki Fox Secretary | Officer | 0 | $0 |
Suzanne Perkins President | Trustee | 0 | $0 |
Joyce Armstrong Scurry Vice President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $169,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $649,001 |
| Noncash contributions included in lines 1a–1f | $358,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,708 |
| Total Program Service Revenue | $5,164 |
| Investment income | -$442,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $99,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,763 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,491 |
| 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. | $98,577 |
| Compensation of current officers, directors, key employees. | $4,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,347 |
| Payroll taxes | $30,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,939 |
| Advertising and promotion | $38,261 |
| Office expenses | $25,171 |
| Information technology | $28,299 |
| Royalties | $387,105 |
| Occupancy | $0 |
| Travel | $6,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,110 |
| Insurance | $21,596 |
| All other expenses | $0 |
| Total functional expenses | $1,032,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,734 |
| Savings and temporary cash investments | $75,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,555 |
| 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 | $20,733 |
| Net Land, buildings, and equipment | $871,521 |
| Investments—publicly traded securities | $3,617,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,399,887 |
| Total assets | $8,357,948 |
| Accounts payable and accrued expenses | $37,833 |
| 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 | $37,833 |
| Net assets without donor restrictions | $2,280,532 |
| Net assets with donor restrictions | $6,039,583 |
| 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 | $8,357,948 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tyler Museum Of Art has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
James I Perkins Family Foundation Tyler, TX PURPOSE: COMMUNITY ENRICHMENT | $2,000 |
A S Genecov Foundation Tyler, TX PURPOSE: SUPPORT OF THE ARTS | $1,000 |
Endowment Analysis
| Beg. Balance | $4,114,671 |
| Earnings | -$439,479 |
| Net Contributions | $7,250 |
| Other Expense | -$65,282 |
| Ending Balance | $3,747,724 |
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 |