Imagine Museum Corporation
- Assets
- $416.4k
- Revenue
- $363.3k
- Investments
- $0.0
- Employees
- 29
- Location
- St Petersburg, FL
- Founding
- 06/2017
- Data as of
- 12/2020
- EIN
- 81-3932554
Organization Overview
Imagine Museum Corporation is located in St Petersburg, FL. The organization was established in 2017. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Imagine Museum Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Museum Corporation 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 12/2020, Imagine Museum Corporation generated $363.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 75.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ELEVATE THE CREATIVITY OF THE ART AND ARTISTS CONTRIBUTING TO THE CONTEMPORARY STUDIO GLASS MOVEMENT FROM AROUND THE WORLD. THIS IS ACCOMPLISHED THROUGH RESEARCH, EXHIBITIONS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 WAS THE YEAR WE SHIFTED FROM THE COVID PANDEMIC AND BUILD THE FOUNDATION FOR A MUSEUM OF CONTEMPORARY GLASS ART BY INCREASING ATTENDANCE AND BRINGING BACK EVENTS HELD AT THE MUSEUM. WE CONTINUED TO INCREASE OUR PROMOTION AND CREATE BRAND AWARENESS. OUR WEBSITE WAS IMPROVED AND THERE WAS AN INCREASE OUR TECHNOLOGICAL ENGAGEMENT WITH SOCIALS, ELECTRONIC ADS, AND EMAILS. WE CONTINUED TO REACH OUT TO ARTISTS WITH OUR ZOOM SERIES,EDUCATING OUR CONSTITUENTS ABOUT THE ARTIST REPRESENTED IN THE MUSEUM. OUR MUSEUM TOURS CONTINUALLY IMPROVED IN VARIETY AND CONTENT WITH TOURS OF THE AMERICAN COLLECTION TWO DAYS PER WEEK, TOURS OF THE INTERNATIONAL COLLECTION TWO DAYS PER WEEK, A "JOURNEY OF THE IMAGINATION" TOUR FOR FAMILIES ON WEEKENDS AS WELL AS A "SCAVENGER HUNT" TOUR FOR CHILDREN AND THEIR FAMILIES THROUGHOUT THE SUMMER. WE CONTINUED TO OFFER DISCOUNTS IN TICKET PRICING AND MEMBERSHIP FEES TO BUILD OUR DATA BASE OF CONSTITUENTS AND SUPPORTERS. ATTENDANCE INCREASED 75% FROM 2020 TO 2021 AND OUR MUSEUM STORE SALES INCREASED 68% OVER 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Buckman President | Officer | 40 | $105,094 |
Glenn Goldberg Vice Pres/di | OfficerTrustee | 0 | $0 |
Marlene Rose Secretary/di | OfficerTrustee | $0 | |
Joann Marolda Treasurer/di | OfficerTrustee | $0 | |
Corey Hampson Director | Trustee | $0 | |
Patricia Duggan Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,840 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $64,071 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,276 |
| Statement of Expenses | |
|---|---|
| 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. | $107,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,281 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,284 |
| Payroll taxes | $54,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,068 |
| Fees for services: Accounting | $6,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,999 |
| Advertising and promotion | $136,601 |
| Office expenses | $37,739 |
| Information technology | $43,988 |
| Royalties | $0 |
| Occupancy | $280,940 |
| Travel | $1,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,725 |
| Insurance | $17,958 |
| All other expenses | $0 |
| Total functional expenses | $1,590,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,490 |
| Prepaid expenses and deferred charges | $16,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $92,764 |
| Other assets | $9,495 |
| Total assets | $416,424 |
| Accounts payable and accrued expenses | $12,969 |
| 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 | $5,388,014 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,400,983 |
| 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 |
| Total liabilities and net assets/fund balances | -$4,984,559 |
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