Museum Of Art Fort Collins Inc
- Assets
- $607.4k
- Revenue
- $382.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Fort Collins, CO
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 84-1007370
Organization Overview
Museum Of Art Fort Collins Inc is located in Fort Collins, CO. The organization was established in 1988. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of Art Fort Collins Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Art Fort Collins Inc 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, Museum Of Art Fort Collins Inc generated $382.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $365.6k during the year ending 12/2021. While expenses have increased by 3.5% 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 MISSION OF THE MUSEUM OF ART FORT COLLINS, INC. IS TO ENGAGE THE COMMUNITY IN CULTURAL EXPERIENCES THAT PROMOTE AN AWARENESS AND APPRECIATION OF THE VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SPREAD THE POWER OF VISUAL ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Fazio Board Member | Trustee | 2 | $0 |
Ryan Norton Treasurer | Trustee | 2 | $0 |
John Shaw Board Member | Trustee | 2 | $0 |
Patti Tyrrell Board Member | Trustee | 2 | $0 |
Dawn Putney Board Member | Trustee | 2 | $0 |
Melissa Katsimpalis Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,283 |
| Total Program Service Revenue | $107,357 |
| Investment income | $5,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,659 |
| 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. | $55,039 |
| Compensation of current officers, directors, key employees. | $5,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,045 |
| Office expenses | $8,207 |
| Information technology | $13,830 |
| Royalties | $0 |
| Occupancy | $12,322 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,490 |
| Insurance | $2,521 |
| All other expenses | $9,468 |
| Total functional expenses | $365,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,605 |
| Savings and temporary cash investments | $40,032 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,175 |
| Net Land, buildings, and equipment | $86,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,051 |
| Total assets | $607,412 |
| Accounts payable and accrued expenses | $13,489 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,700 |
| Total liabilities | $75,689 |
| Net assets without donor restrictions | $188,673 |
| Net assets with donor restrictions | $343,050 |
| 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 | $607,412 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Museum Of Art Fort Collins Inc has recieved totaling $7,792.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $6,698 |
Otter Cares Foundation Fort Collins, CO PURPOSE: ART IN THE GARDEN PARTY & FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Endowment Analysis
| Beg. Balance | $277,055 |
| Earnings | -$10,188 |
| Admin Expense | $2,865 |
| Other Expense | $1,608 |
| Ending Balance | $262,394 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corn Heritage Village Of Corn Inc Corn, OK | $5,772,212 | $6,524,606 |
The Durham Museum Omaha, NE | $15,389,425 | $5,410,421 |
Logan County Historical Society Inc Guthrie, OK | $4,494,727 | $3,890,411 |
Historicorps Morrison, CO | $763,649 | $2,724,151 |
Fox Tucson Theatre Foundation Tucson, AZ | $11,879,318 | $4,013,342 |
Breckenridge Heritage Alliance Breckenridge, CO | $410,741 | $1,870,667 |
Docs Friends Inc Wichita, KS | $10,795,174 | $1,472,500 |
Prescott Frontier Days Inc Prescott, AZ | $1,824,378 | $1,478,402 |
American West Heritage Foundation Wellsville, UT | $3,082,934 | $1,494,150 |
Glen Canyon Conservancy Page, AZ | $3,490,803 | $1,543,846 |
Canyonlands Field Institute Inc Moab, UT | $5,225,217 | $972,612 |
Heart Mountain Wyoming Foundation Powell, WY | $9,452,012 | $2,858,388 |