Nicolaysen Art Museum
- Assets
- $2.0m
- Revenue
- $579.8k
- Investments
- $1.5m
- Employees
- 13
- Location
- Casper, WY
- Founding
- 09/1976
- Data as of
- 06/2024
- EIN
- 83-0230592
Organization Overview
Nicolaysen Art Museum is located in Casper, WY. The organization was established in 1976. 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 06/2024, Nicolaysen Art Museum employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicolaysen 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 06/2024, Nicolaysen Art Museum generated $579.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $595.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ART MUSEUM - EXHIBITION OF ART OPEN TO THE PUBLIC AND PROGRAMS TO EDUCATE THE PUBLIC ABOUT ART
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY CENTER - PROVIDES ART EDUCATION AND THERAPEUTIC ART PROGRAMS TAUGHT BY TRAINED ART EDUCATIONS AND ARTISTS FOR THE COMMUNITY AT LARGE. ART EDUCATION PRIMARILY SERVES CHILDREN AGED 18 MONTHS TO 18 YEARS OLD WITH AN EMPHASIS ON STEAM BASED AND AGE-APPROPRIATE CURRICULUM. ADULT ART PROGRAMS ARE HELD PERIODICALLY WITH EXHIBITING ARTISTS AND UNIQUE OPPORTUNITIES. THERAPEUTIC ART PROGRAMS ARE DESIGNED WITH CONSTITUENT POPULATIONS AND CURRENTLY SERVE ACTIVE MILITARY AND VETERANS; PATIENTS AND CAREGIVERS MANAGING DEMENTIA RELATED DISEASES; ELDERLY IN RESIDENTIAL CENTERS; AND ADULTS WITH DEVELOPMENTAL DISABILITIES.
COMMUNITY EVENTS TO PROVIDE THE PUBLIC OPPORTUNITIES TO EXPERIENCE CONTEMPORARY ART
MUSEUM SHOP - ART MERCHANDISE AVAILABLE TO THE PUBLIC, INCLUDING ARTISTIC REPRODUCTIONS THAT REFLECT THE MISSION AND VISION OF THE MUSEUM.
EXHIBITIONS AND COLLECTIONS - THE MUSEUM WILL HOST UP TO 40 EXHIBITIONS ANNUALLY INCLUDING SOLO AND GROUP SHOWS. THREE MAJOR EXHIBITIONS ARE HELD EACH YEAR IN MCMURRY GALLERY FEATURING LOCAL, REGIONAL AND NATIONAL ARTISTS. THE MUSEUM ALSO MAINTAINS A PERMANENT COLLECTION OF OVER 8,000 WORKS IN A CLIMATE AND SECURITY CONTROLLED VAULT WHICH HAVE BEEN COLLECTED PRIMARILY BY BEQUEST OR ACQUISITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bond Past Chair | OfficerTrustee | 5 | $0 |
Andrew Schneider Chair To 4/1/24 | OfficerTrustee | 5 | $0 |
Maguy Skaf Secretary To 5/1/24 | OfficerTrustee | 5 | $0 |
Goda Stevens Treasurer | OfficerTrustee | 5 | $0 |
Sheila Mchattie Board Member | Trustee | 1 | $0 |
Anna Olson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,623 |
| Fundraising events | $31,450 |
| Related organizations | $0 |
| Government grants | $211,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,871 |
| Total Program Service Revenue | $77,480 |
| Investment income | $57,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,499 |
| Net Income from Fundraising Events | $16,516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,453 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,770 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,446 |
| Payroll taxes | $26,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,630 |
| Fees for services: Other | $42,259 |
| Advertising and promotion | $3,660 |
| Office expenses | $7,212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,067 |
| Travel | $6,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,040 |
| Interest | $2,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,633 |
| Insurance | $8,822 |
| All other expenses | $16,556 |
| Total functional expenses | $595,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,401 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $351,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,534,225 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,026,008 |
| Accounts payable and accrued expenses | $16,431 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $36,431 |
| Net assets without donor restrictions | $350,416 |
| Net assets with donor restrictions | $1,639,161 |
| 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 | $2,026,008 |