Holter Museum Of Art Inc
- Assets
- $2.0m
- Revenue
- $471.7k
- Investments
- $136.8k
- Employees
- 15
- Location
- Helena, MT
- Founding
- 12/1991
- Data as of
- 06/2022
- EIN
- 81-0472958
Organization Overview
Holter Museum Of Art Inc is located in Helena, MT. The organization was established in 1991. 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 06/2022, Holter Museum Of Art Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holter Museum Of Art Inc 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, Holter Museum Of Art Inc generated $471.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $862.0k during the year ending 06/2022. While expenses have increased by 9.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO NURTURE CREATIVITY, COMMUNITY, AND ARTS FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECT, PRESERVE, AND INTERPRET SIGNIFICANT CONTEMPORARY NORTHWEST ART. INCREASING AND PROMOTING A STRONG CULTURAL AWARENESS TO THE BROADEST POSSIBLE AUDIENCE IS A GUIDING FACTOR TO OUR OPERATIONS.
TO PROMOTE PARTICIPATION BY DIVERSE AUDIENCES THROUGH OUTREACH, INNOVATIVE EDUCATIONAL PROGRAMMING, AND COLLABORATION WITH OTHER ORGANIZATIONS.
TO SERVE MONTANA AND NEIGHBORING STATES WITH A QUALITY VISUAL ARTS EXHIBITION PROGRAM THAT INCLUDES ALL MEDIA, BRINGS NATIONAL AND INTERNATIONAL EXHIBITIONS INTO THE REGION, AND PROVIDES A MUCH-NEEDED VENUE FOR LOCAL AND REGIONAL ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Halliday Director | Trustee | 3 | $0 |
Keith Meyer Vice President | OfficerTrustee | 3 | $0 |
Tyler Armstrong Treasurer | OfficerTrustee | 3 | $0 |
Tony Perpignano Director | Trustee | 3 | $0 |
Corey Palmer President | OfficerTrustee | 3 | $0 |
Dawn Gallinger Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,595 |
| Noncash contributions included in lines 1a–1f | $57,831 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,595 |
| Total Program Service Revenue | $55,144 |
| Investment income | $1,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,400 |
| Net Gain/Loss on Asset Sales | $1,924 |
| Net Income from Fundraising Events | $60,308 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,375 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,677 |
| 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. | $70,315 |
| Compensation of current officers, directors, key employees. | $18,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $102,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,873 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,252 |
| Insurance | $0 |
| All other expenses | $4,647 |
| Total functional expenses | $861,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,503 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,190 |
| Net Land, buildings, and equipment | $1,433,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $136,788 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,650 |
| Total assets | $1,964,596 |
| Accounts payable and accrued expenses | $106,743 |
| 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 | $271,449 |
| Other liabilities | $1,387 |
| Total liabilities | $379,579 |
| Net assets without donor restrictions | $1,247,339 |
| Net assets with donor restrictions | $337,678 |
| 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 | $1,964,596 |