Taos Art Museum
- Assets
- $4.5m
- Revenue
- $482.0k
- Investments
- $102.2k
- Employees
- 0
- Location
- Taos, NM
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 85-0400684
Organization Overview
Taos Art Museum is located in Taos, NM. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: 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. Taos 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, Taos Art Museum generated $482.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $302.1k during the year ending 12/2021. 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
THE ORGANIZATION ENGAGES AND INSPIRES ITS NATIONAL AND INTERNATIONAL VISITORS, DIVERSE LOCAL COMMUNITIES, AND FELLOW INSTITUTIONS THROUGH HISTORIC PRESERVATION AND INTERPRETATION OF THE FECHIN HOUSE, STUDIO AND GARDENS; RICH, RELEVANT PROGRAMS BASED ON THE COLLECTIONS AND EXHIBITIONS; AND A COMMITMENT TO BUILDING CULTURAL LITERACY AND CREATIVE OPPORTUNITY ONE VISITOR AT A TIME.
THE ORGANIZATION ENGAGES AND INSPIRES ITS NATIONAL AND INTERNATIONAL VISITORS, DIVERSE LOCAL COMMUNITIES, AND FELLOW INSTITUTIONS THROUGH HISTORIC PRESERVATION AND INTERPRETATION OF THE FECHIN HOUSE, STUDIO AND GARDENS; RICH, RELEVANT PROGRAMS BASED ON THE COLLECTIONS AND EXHIBITIONS; AND A COMMITMENT TO BUILDING CULTURAL LITERACY AND CREATIVE OPPORTUNITY ONE VISITOR AT A TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Schoedinger-Coleman Executive Dir. | 40 | $85,952 | |
Robert Dyer Chairman | 2 | $0 | |
Nikki Donner Secretary | 2 | $0 | |
Annie Brown Vice President | 2 | $0 | |
Robert A Korsmeier Director | 1 | $0 | |
Ashely Rolshoven Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brett House Catering | 12/30/18 | $59,888 |
90 Degrees Corners Inc | 12/30/18 | $43,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $183,874 |
| Interest on Savings | $86 |
| Dividends & Interest | $3,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,663 |
| Capital Gain Net Income | $16,663 |
| Net ST Capital Gain | $19 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $42,260 |
| Other Income | $235,160 |
| Total Revenue | $482,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,678 |
| Other employee salaries and wages | $62,408 |
| Pension plans, employee benefits | $19,233 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $20,741 |
| Occupancy | $32,817 |
| Travel, conferences, and meetings | $301 |
| Printing and publications | $0 |
| Other expenses | $62,318 |
| Total operating and administrative expenses | $302,093 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $302,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,398 |
| Savings and temporary cash investments | $115,042 |
| 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 | $17,325 |
| Prepaid expenses and deferred charges | $13,488 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $613,615 |
| Other assets | $3,308,260 |
| Total assets | $4,466,346 |
| Accounts payable and accrued expenses | $1,982 |
| 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 | $21,928 |
| Total liabilities | $23,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Taos Art Museum has recieved totaling $65.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |