Tyler Museum Of Art
- Assets
- $8.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 07/1968
- Data as of
- 06/2023
- 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 06/2023, Tyler Museum Of Art generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Leahy Executive Director | 40 | $103,916 | |
Suzanne Perkins President | Trustee | 0 | $0 |
Joyce Armstrong Scurry Vice President | Trustee | 0 | $0 |
Sarah Van Cleef Treasurer | Officer | 0 | $0 |
Vicki Fox Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $121,320 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $738,909 |
| Noncash contributions included in lines 1a–1f | $365,025 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,662 |
| Total Program Service Revenue | $2,844 |
| Investment income | $297,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $98,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,369 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,298,619 |
| 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. | $103,916 |
| Compensation of current officers, directors, key employees. | $5,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,647 |
| Payroll taxes | $31,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,635 |
| Advertising and promotion | $22,639 |
| Office expenses | $21,799 |
| Information technology | $33,678 |
| Royalties | $0 |
| Occupancy | $391,131 |
| Travel | $8,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,495 |
| Insurance | $27,173 |
| All other expenses | $0 |
| Total functional expenses | $1,072,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,801 |
| Savings and temporary cash investments | $75,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,512 |
| 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 | $1,171 |
| Net Land, buildings, and equipment | $870,477 |
| Investments—publicly traded securities | $3,816,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,399,887 |
| Total assets | $8,599,833 |
| Accounts payable and accrued expenses | $53,615 |
| 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 | $53,615 |
| Net assets without donor restrictions | $2,350,119 |
| Net assets with donor restrictions | $6,196,099 |
| 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 | $8,599,833 |