Monimos Art Foundation
- Assets
- $9.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Ojai, CA
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-4378188
Organization Overview
Monimos Art Foundation is located in Ojai, CA. The organization was established in 2017. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monimos Art Foundation 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, Monimos Art Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $179.3k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSEE AND SAFEGUARD THE ASSETS OF THE ART MUSEUM; CURATE CURRENT EXHIBITS AND MANAGE THE OPERATION OF THE ART MUSEUM FOR THE EDUCATION AND BETTERMENT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Marcus Secretary | 0 | $0 | |
Neil Kreitman President | 0 | $0 | |
Gary Masino Director | 0 | $0 | |
Caroline Uy Director | 0 | $0 | |
Paul Tozzi Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,915,139 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$38,000 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,877,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $43,890 |
| Pension plans, employee benefits | $0 |
| Interest | $7 |
| Taxes | $0 |
| Depreciation | $1,108 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $254 |
| Printing and publications | $0 |
| Other expenses | $123,267 |
| Total operating and administrative expenses | $178,044 |
| Contributions, gifts, grants paid | $1,275 |
| Total expenses and disbursements | $179,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,173 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,615 |
| Other assets | $9,567,920 |
| Total assets | $9,746,708 |
| Accounts payable and accrued expenses | $640 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $640 |
Grants Awarded
Over the last fiscal year, Monimos Art Foundation has awarded $1,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OJAI MUSIC FESTIVAL PURPOSE: A CONTRIBUTION TOWARDS THE ANNUAL MUSIC FESTIVAL IN OJAI. | $1,360 |
EURECON PURPOSE: SUPPORT FOR THE EDUCATION OF CHILDREN IN SOUTH AFRICA. | $350 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Monimos Art Foundation has recieved totaling $1,915,139.
| Awarding Organization | Amount |
|---|---|
Monimos Foundation Ojai, CA PURPOSE: TO HELP GROW ITS ACTIVITIES. MONIMOS ART FOUNDATION OPERATES AS A MUSEUM SHOWCASING WORKS OF ART. | $1,772,000 |
Monimos Foundation Ojai, CA PURPOSE: TO HELP GROW ITS ACTIVITIES. MONIMOS ART FOUNDATION OPERATES AS A MUSEUM SHOWCASING WORKS OF ART. | $143,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Asian Art Museum Foundation Of San Francisco San Francisco, CA | $256,031,716 | $41,593,816 |
Armand Hammer Museum Of Art And Cultural Center Inc Los Angeles, CA | $286,371,378 | $27,039,549 |
Portland Art Museum Portland, OR | $150,113,696 | $27,542,215 |
The Broad Los Angeles, CA | $573,557,667 | $36,313,761 |
Museum Of Contemporary Art Los Angeles, CA | $173,324,238 | $20,204,928 |
San Diego Museum Of Art San Diego, CA | $78,902,831 | $13,995,818 |
Honolulu Museum Of Art Honolulu, HI | $136,524,458 | $12,640,830 |
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Crocker Art Museum Association Sacramento, CA | $31,464,464 | $12,237,025 |
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |
Santa Barbara Museum Of Art Santa Barbara, CA | $142,171,274 | $22,074,169 |