Boise Art Museum Incorporated
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 42
- Location
- Boise, ID
- Founding
- 02/1975
- Data as of
- 04/2022
- EIN
- 82-0256187
Organization Overview
Boise Art Museum Incorporated is located in Boise, ID. The organization was established in 1975. 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 04/2022, Boise Art Museum Incorporated employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boise Art Museum Incorporated 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 04/2022, Boise Art Museum Incorporated generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.1m during the year ending 04/2022. 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 CREATE VISUAL ARTS EXPERIENCES THAT ENGAGE PEOPLE AND INSPIRE LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - THE MUSEUM PRESENTS A RANGE OF ART EXHIBITIONS ANNUALLY, ADDRESSING A WIDE SPECTRUM OF ARTISTS, ARTISTIC MEDIA, TIME PERIODS AND STYLES, ALL OF WHICH REFLECT DIVERSITY AND EXCELLENCE IN THE VISUAL ARTS.
EDUCATION - THE MUSEUM'S EDUCATION PROGRAMS PROVIDE VISITORS WITH OPPORTUNITIES TO HAVE MEANINGFUL EXPERIENCES WITH ORIGINAL WORKS OF ART. LECTURES, TOURS, CLASSES, CAMPS, OUTREACH, CATALOGUES, INTERPRETIVE TEXT PANELS, AUDIO TOURS, HANDOUTS, IN-GALLERY MATERIALS, VIDEOS AND TEACHER EDUCATION ENHANCE EXHIBITIONS AND MEET THE LEARNING NEEDS OF PEOPLE OF ALL AGES AND ABILITIES.
ART COLLECTION - BOISE ART MUSEUM IS THE ONLY NATIONALLY ACCREDITED COLLECTING ART MUSEUM IN IDAHO THAT ACTIVELY COLLECTS AND CONSERVES VISUAL ART. THE MUSEUM HAS A GROWING COLLECTION OF MORE THAN 4,200 ART OBJECTS COMPRISED OF MODERN AND CONTEMPORARY AMERICAN ART INCLUDING ARTISTS FROM IDAHO AND THE NORTHWEST, AS WELL AS ASIAN AND AFRICAN ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Fales Executive Director & CEO | OfficerTrustee | 40 | $172,049 |
Amy Rustad President | OfficerTrustee | 2 | $0 |
Jim Brandstetter Treasurer | OfficerTrustee | 2 | $0 |
Cathy Silak Secretary | OfficerTrustee | 2 | $0 |
Ridgley Denning Trustee | Trustee | 1 | $0 |
Tom Foerstel Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $143,682 |
| Fundraising events | $49,400 |
| Related organizations | $0 |
| Government grants | $323,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $708,786 |
| Noncash contributions included in lines 1a–1f | $2,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,224,916 |
| Total Program Service Revenue | $151,379 |
| Investment income | $109,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $293,920 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $67,905 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,848,103 |
| 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. | $163,881 |
| Compensation of current officers, directors, key employees. | $57,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,877 |
| Pension plan accruals and contributions | $10,766 |
| Other employee benefits | $36,702 |
| Payroll taxes | $42,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,314 |
| Fees for services: Other | $123,864 |
| Advertising and promotion | $17,406 |
| Office expenses | $42,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,057 |
| Travel | $6,489 |
| 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 | $33,633 |
| Insurance | $15,090 |
| All other expenses | $1,500 |
| Total functional expenses | $1,080,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,828 |
| Savings and temporary cash investments | $1,677,851 |
| 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 | $34,251 |
| Prepaid expenses and deferred charges | $11,534 |
| Net Land, buildings, and equipment | $173,028 |
| Investments—publicly traded securities | $2,859,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,916,476 |
| Accounts payable and accrued expenses | $33,037 |
| Grants payable | $0 |
| Deferred revenue | $52,140 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,177 |
| Net assets without donor restrictions | $3,477,529 |
| Net assets with donor restrictions | $1,353,770 |
| 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 | $4,916,476 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boise Art Museum Incorporated has recieved totaling $9,042.
| Awarding Organization | Amount |
|---|---|
Union Pacific Foundation Omaha, NE PURPOSE: ARTS AND CULTURE | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Endowment Analysis
| Beg. Balance | $2,873,749 |
| Earnings | -$165,517 |
| Admin Expense | $27,314 |
| Net Contributions | $305,000 |
| Other Expense | $125,934 |
| Ending Balance | $2,859,984 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nevada Museum Of Art Inc Reno, NV | $65,871,084 | $23,939,678 |
National Nordic Museum SeattlE, WA | $49,217,466 | $3,740,373 |
Tacoma Art Museum Tacoma Wa Tacoma, WA | $74,333,248 | $4,980,313 |
Trigg-C M Russell Foundation Inc Great Falls, MT | $22,641,198 | $6,338,416 |
Museum Of Glass Tacoma, WA | $27,774,581 | $3,274,139 |
New Museum At The Bradford Brinton Ranch Big Horn, WY | $21,761,530 | $2,659,139 |
The Bellevue Art Museum Bellevue, WA | $20,455,455 | $2,226,948 |
Yellowstone Art Museum Billings, MT | $11,746,839 | $2,174,760 |
Maryhill Museum Of Art Goldendale, WA | $14,259,596 | $1,339,559 |
Boise Art Museum Incorporated Boise, ID | $4,916,476 | $1,848,103 |
Mobius Spokane Spokane, WA | $1,874,613 | $1,221,461 |
Missoula Art Museum Missoula, MT | $1,429,271 | $991,349 |