Holter Museum Of Art Inc
- Assets
- $2.1m
- Revenue
- $1.0m
- Investments
- $166.0k
- Employees
- 12
- Location
- Helena, MT
- Founding
- 12/1991
- Data as of
- 06/2021
- 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 06/2021, Holter Museum Of Art Inc employed 12 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 06/2021, Holter Museum Of Art Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $563.0k during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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
2021
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 |
|---|---|---|---|
Chris Riccardo Executive Director | Officer | 40 | $62,197 |
Keith Meyer Vice President | OfficerTrustee | 3 | $0 |
Corey Palmer President | OfficerTrustee | 3 | $0 |
Tyler Armstrong Treasurer | OfficerTrustee | 3 | $0 |
Dawn Gallinger Secretary | OfficerTrustee | 3 | $0 |
Deb Halliday Director | Trustee | 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 | $911,998 |
| Noncash contributions included in lines 1a–1f | $3,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $911,998 |
| Total Program Service Revenue | $37,392 |
| Investment income | $1,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250 |
| Net Gain/Loss on Asset Sales | $64,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,048,936 |
| 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. | $68,439 |
| Compensation of current officers, directors, key employees. | $18,282 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,925 |
| 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 | $9,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,574 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,684 |
| 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 | $60,664 |
| Insurance | $0 |
| All other expenses | $4,605 |
| Total functional expenses | $562,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114 |
| 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 | $3,711 |
| Net Land, buildings, and equipment | $995,349 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $166,018 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,650 |
| Total assets | $2,087,361 |
| Accounts payable and accrued expenses | $41,444 |
| 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 | $41,682 |
| Other liabilities | $2,674 |
| Total liabilities | $85,800 |
| Net assets without donor restrictions | $1,276,545 |
| Net assets with donor restrictions | $725,016 |
| 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 | $2,087,361 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Holter Museum Of Art Inc has recieved totaling $175,696.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: HOLTER MUSEUM REBRAND | $66,000 |
Mainwaring Family Foundation Wilmington, DE PURPOSE: UNRESTRICTED GIFT | $40,000 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $35,480 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $9,632 |
Harvest Time Partners Foundation Ann Arbor, MI PURPOSE: ART OF SURVIVAL | $7,745 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $6,000 |
Endowment Analysis
| Beg. Balance | $840,788 |
| Earnings | $244,713 |
| Admin Expense | $9,839 |
| Other Expense | $33,087 |
| Ending Balance | $1,042,574 |
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 |