Yellowstone Art Museum
- Assets
- $11.7m
- Revenue
- $2.2m
- Investments
- $5.6m
- Employees
- 16
- Location
- Billings, MT
- Founding
- 05/1965
- Data as of
- 12/2021
- EIN
- 81-6014902
Organization Overview
Yellowstone Art Museum is located in Billings, MT. The organization was established in 1965. 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 12/2021, Yellowstone Art Museum employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yellowstone Art Museum 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, Yellowstone Art Museum generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE YELLOWSTONE ART MUSEUM EXHIBITS, INTERPRETS, COLLECTS, AND PRESERVES ART, FOR THE ENRICHMENT, EDUCATION, INSPIRATION, AND ENJOYMENT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CURATORIAL FUNCTION OVERSEES THE CARE AND DOCUMENTATION OF THE PERMANENT COLLECTION, RESEARCHES AND COORDINATES TEMPORARY AND PERMANENT EXHIBITIONS, RESEARCHES AND WRITES ART-RELATED PUBLICATIONS, AND COORDINATES AN ANNUAL SERIES OF ADULT PROGRAMS.
THE EDUCATION FUNCTION PREPARES AND PRESENTS CURRICULUM-BASED AND ENRICHMENT PROGRAMS TO CHILDREN PRE-K THROUGH HIGH SCHOOL, BOTH ONSITE AND THROUGH OUTREACH PROGRAMMING. THE EDUCATION PROGRAM HAS PROGRAMS FOR ALL AGES, INCLUDING SUMMER CAMPS AND PROGRAMS FOR ADULTS, ADULTS WITH ALZHEIMER'S, AND THE MONTANA WOMEN'S PRISON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Ruhle Executive Director | Officer | 40 | $130,817 |
Deborah Anspach President | OfficerTrustee | 4 | $0 |
Kim Olsen Imediate Past President | OfficerTrustee | 4 | $0 |
Matthew Stroud Vice President | OfficerTrustee | 2 | $0 |
Steve Tostenrud Secretary/treasurer | OfficerTrustee | 2 | $0 |
Donna Todd Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86,639 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $368,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $907,077 |
| Noncash contributions included in lines 1a–1f | $54,662 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,361,825 |
| Total Program Service Revenue | $45,372 |
| Investment income | $186,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,945 |
| Net Gain/Loss on Asset Sales | $421,387 |
| Net Income from Fundraising Events | $76,423 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,496 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,174,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $114,281 |
| Compensation of current officers, directors, key employees. | $42,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,064 |
| Pension plan accruals and contributions | $10,326 |
| Other employee benefits | $67,042 |
| Payroll taxes | $42,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,121 |
| Fees for services: Accounting | $16,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,028 |
| Advertising and promotion | $20,671 |
| Office expenses | $87,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,307 |
| 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 | $300,953 |
| Insurance | $51,410 |
| All other expenses | $41,601 |
| Total functional expenses | $2,002,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,553 |
| Savings and temporary cash investments | $416,227 |
| Pledges and grants receivable | $2,000 |
| Accounts receivable, net | $25,687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,196 |
| Prepaid expenses and deferred charges | $20,308 |
| Net Land, buildings, and equipment | $5,318,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,646,320 |
| Investments—program-related | $0 |
| Intangible assets | $28,389 |
| Other assets | $0 |
| Total assets | $11,746,839 |
| Accounts payable and accrued expenses | $35,626 |
| Grants payable | $0 |
| Deferred revenue | $101,398 |
| 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 | $197,939 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $181,335 |
| Total liabilities | $516,298 |
| Net assets without donor restrictions | $5,564,804 |
| Net assets with donor restrictions | $5,665,737 |
| 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 | $11,746,839 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Yellowstone Art Museum has recieved totaling $207,235.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: REINTRODUCING THE YAM TO THE PUBLIC | $56,000 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $50,523 |
Kathryn Caine Wanlass Charitable Foundation Detroit, MI PURPOSE: GENERAL SUPPORT | $35,000 |
Sidney E Frank Charitable Foundation Harrison, NY PURPOSE: TO SUPPORT ARTS EDUCATION PROGRAMS | $15,000 |
Charles M Bair Family Tr Fund Billings, MT PURPOSE: GRANT FOR EXHIBITIONS AND FACILITY MAINTENANCE. | $12,000 |
Sidney E Frank Charitable Foundation Harrison, NY PURPOSE: TO SUPPORT ART EDUCATION AT THE MONTANA WOMEN'S PRISON | $10,000 |
Endowment Analysis
| Beg. Balance | $4,838,424 |
| Earnings | $685,190 |
| Net Contributions | $351,598 |
| Other Expense | $228,892 |
| Ending Balance | $5,646,320 |
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 |