Hockaday Museum Of Art
- Assets
- $3.2m
- Revenue
- $328.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Kalispell, MT
- Founding
- 07/1969
- Data as of
- 12/2021
- EIN
- 81-0303038
Organization Overview
Hockaday Museum Of Art is located in Kalispell, MT. The organization was established in 1969. 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, Hockaday Museum Of Art employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hockaday 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 12/2021, Hockaday Museum Of Art generated $328.6k 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 (8.6%) each year. All expenses for the organization totaled $298.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
ART EDUCATION AND EXHIBITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS OF ART/MUSEUM MEMBERSHIP BENEFITS
CLASSES AND WORKSHOPS, SCHOOL TOURS FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Cordova Executive Director | Officer | 40 | $53,989 |
Karl Oehrtman Vice President | OfficerTrustee | 6 | $0 |
Robert Akey President | OfficerTrustee | 8 | $0 |
Eric Hanson Treasurer | OfficerTrustee | 5 | $0 |
Denise Vanartsdale Secretary | OfficerTrustee | 3 | $0 |
Corky Andrews Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,833 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,947 |
| Noncash contributions included in lines 1a–1f | $4,560 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,672 |
| Total Program Service Revenue | $36,696 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,418 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,735 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,818 |
| 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. | $65,896 |
| Compensation of current officers, directors, key employees. | $24,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,926 |
| Payroll taxes | $8,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,672 |
| Fees for services: Other | $5,531 |
| Advertising and promotion | $15,155 |
| Office expenses | $11,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,413 |
| Travel | $3,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,404 |
| Interest | $343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,302 |
| Insurance | $7,098 |
| All other expenses | $0 |
| Total functional expenses | $298,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340 |
| Savings and temporary cash investments | $155,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,704 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $652,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,343,785 |
| Total assets | $3,169,102 |
| Accounts payable and accrued expenses | $31,877 |
| 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 | $11,070 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,947 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,126,155 |
| Total liabilities and net assets/fund balances | $3,169,102 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Hockaday Museum Of Art has recieved totaling $84,249.
| Awarding Organization | Amount |
|---|---|
Whitefish Community Foundation Inc Whitefish, MT PURPOSE: GENERAL SUPPORT | $44,814 |
Fred L Hartley Family Foundation Bigfork, MT PURPOSE: REPLACEMENT OF THE HVAC SYSTEM | $18,000 |
John L & Ann Taylor Scholarship Tr Great Falls, MT PURPOSE: SUPPORT FOR COSTS OF 2022 TRAVELING MEDICINE SHOW PROGRAM WHICH BRINGS NATIVE AMERICAN AARTS EDUCATION TO MONTANA K-12 SCHOOLS. | $7,000 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $5,336 |
Cadeau Foundation A Charitable Trust Patagonia, AZ PURPOSE: ARTS AND CULTURE | $4,509 |
Oro Y Plata Foundation Kalispell, MT PURPOSE: GENERAL OPERATING ASSISTANCE | $2,500 |
Endowment Analysis
| Beg. Balance | $133,185 |
| Earnings | $23,423 |
| Admin Expense | $4,943 |
| Grants | $2,280 |
| Ending Balance | $149,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trigg-C M Russell Foundation Inc Great Falls, MT | $22,641,198 | $6,338,416 |
New Museum At The Bradford Brinton Ranch Big Horn, WY | $21,761,530 | $2,659,139 |
Plains Art Museum Fargo, ND | $10,649,612 | $3,114,280 |
Yellowstone Art Museum Billings, MT | $11,746,839 | $2,174,760 |
Boise Art Museum Incorporated Boise, ID | $4,916,476 | $1,848,103 |
Missoula Art Museum Missoula, MT | $1,429,271 | $991,349 |
North Dakota Museum Of Art Grand Forks, ND | $7,446,530 | $2,052,250 |
Zootown Arts Community Center Missoula, MT | $3,023,059 | $609,530 |
Nicolaysen Art Museum Casper, WY | $2,229,731 | $925,609 |
Holter Museum Of Art Inc Helena, MT | $2,087,361 | $1,048,936 |
Paris Gibson Square Incorporated Great Falls, MT | $1,488,352 | $485,841 |
Hockaday Museum Of Art Kalispell, MT | $3,169,102 | $328,567 |