Hockaday Museum Of Art
- Assets
- $3.3m
- Revenue
- $419.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Kalispell, MT
- Founding
- 07/1969
- Data as of
- 12/2022
- 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 12/2022, Hockaday Museum Of Art employed 8 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 12/2022, Hockaday Museum Of Art generated $419.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $315.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
2022
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 | $55,510 |
Karl Oehrtman President | OfficerTrustee | 8 | $0 |
Mike Roswell Vice President | OfficerTrustee | 5 | $0 |
Jasmine Morton Secretary | OfficerTrustee | 5 | $0 |
Robert Akey Treasurer | OfficerTrustee | 5 | $0 |
Eric Hanson Treasurer Part-Year | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,244 |
| Fundraising events | $547 |
| Related organizations | $0 |
| Government grants | $9,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,216 |
| Noncash contributions included in lines 1a–1f | $19,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,107 |
| Total Program Service Revenue | $42,452 |
| Investment income | $343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,006 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,445 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,738 |
| Compensation of current officers, directors, key employees. | $25,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,853 |
| Payroll taxes | $8,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,434 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,307 |
| Fees for services: Other | $3,540 |
| Advertising and promotion | $22,798 |
| Office expenses | $13,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,717 |
| Travel | $3,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,642 |
| Interest | $310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,568 |
| Insurance | $9,739 |
| All other expenses | $0 |
| Total functional expenses | $315,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340 |
| Savings and temporary cash investments | $218,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,894 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $671,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,364,809 |
| Total assets | $3,271,666 |
| Accounts payable and accrued expenses | $32,574 |
| 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 | $8,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,361 |
| 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 | $3,230,305 |
| Total liabilities and net assets/fund balances | $3,271,666 |