Nevada Museum Of Art Inc
- Assets
- $83.8m
- Revenue
- $19.1m
- Investments
- $1.1m
- Employees
- 99
- Location
- Reno, NV
- Founding
- 03/1961
- Data as of
- 12/2023
- EIN
- 88-6003042
Organization Overview
Nevada Museum Of Art Inc is located in Reno, NV. The organization was established in 1961. 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 12/2023, Nevada Museum Of Art Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Museum Of Art 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 12/2023, Nevada Museum Of Art Inc generated $19.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $8.0m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CULTURAL AND EDUCATIONAL RESOURCE FOR EVERY MEMBER OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEVADA MUSEUM OF ART, INC. (THE "MUSEUM") IS A NOT-FOR-PROFIT ORGANIZATION HOUSED IN A CONTEMPORARY BUILDING IN RENO, NEVADA DESIGNED BY RENOWNED ARCHITECT WILL BRUDER. FOUNDED IN 1931, THE MUSEUM IS ONE OF THE OLDEST CULTURAL INSTITUTIONS IN NEVADA AND IS THE ONLY MUSEUM IN THE STATE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. THE MUSEUM PRESENTS A WIDE VARIETY OF VISUAL ARTS EXHIBITIONS, EDUCATIONAL PROGRAMS AND STUDIO CLASSES, FILMS, AND SPECIAL EVENTS. THE PERMANENT COLLECTION OF THE MUSEUM IS DIVIDED INTO FOUR FOCUS AREAS AND CONSISTS OF MORE THAN 2,000 WORKS OF ART ORGANIZED AROUND GENERAL THEMES OF LAND AND ENVIRONMENT. MANY OF THE MUSEUM'S EXHIBITIONS AND PROGRAMS ARE DEVELOPED AS CONTENT FOR THE CENTER FOR ART + ENVIRONMENT, WHICH AIMS TO SUPPORT THE PRACTICE, STUDY, AND AWARENESS OF CREATIVE INTERACTIONS BETWEEN PEOPLE AND THEIR ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Walker Ceo/executive Director | OfficerTrustee | 40 | $407,001 |
Doug Brewer Chair | OfficerTrustee | 2 | $0 |
Thomas Monroe Treasurer | OfficerTrustee | 2 | $0 |
Charlotte Mcconnell Secretary | OfficerTrustee | 2 | $0 |
Barbara Danz Chair Elect | OfficerTrustee | 2 | $0 |
Carole K Anderson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clarksullivan Construction Inc Construction - General Contractor | 12/30/23 | $7,890,367 |
Lamar Johnson Collaborative Design And Constructon Document Prep | 12/30/23 | $1,063,302 |
Steinmann Facility Development Consultan Construction Management | 12/30/23 | $204,182 |
Norton Fine Art Fine Art Shipping | 12/30/23 | $150,071 |
Una Art Logistics Fine Art Shipping | 12/30/23 | $156,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,660 |
| Related organizations | $0 |
| Government grants | $141,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,673,120 |
| Noncash contributions included in lines 1a–1f | $580,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,893,993 |
| Total Program Service Revenue | $1,298,809 |
| Investment income | $1,220,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $298 |
| Net Rental Income | $419,325 |
| Net Gain/Loss on Asset Sales | $107,407 |
| Net Income from Fundraising Events | -$8,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $192,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,126,102 |
| 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. | $1,066,382 |
| Compensation of current officers, directors, key employees. | $396,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,851,481 |
| Pension plan accruals and contributions | $52,769 |
| Other employee benefits | $243,601 |
| Payroll taxes | $289,708 |
| 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 | $58,517 |
| Fees for services: Other | $450,104 |
| Advertising and promotion | $196,838 |
| Office expenses | $580,557 |
| Information technology | $97,578 |
| Royalties | $63,715 |
| Occupancy | $667,694 |
| Travel | $87,638 |
| 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 | $640,454 |
| Insurance | $122,165 |
| All other expenses | $130,827 |
| Total functional expenses | $8,046,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,837,775 |
| Savings and temporary cash investments | $4,021,051 |
| Pledges and grants receivable | $12,233,185 |
| Accounts receivable, net | $13,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200,364 |
| Prepaid expenses and deferred charges | $410,749 |
| Net Land, buildings, and equipment | $34,807,326 |
| Investments—publicly traded securities | $25,182,783 |
| Investments—other securities | $1,055,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,030 |
| Total assets | $83,845,059 |
| Accounts payable and accrued expenses | $2,901,765 |
| Grants payable | $0 |
| Deferred revenue | $259,207 |
| 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 | $45,066 |
| Total liabilities | $3,206,038 |
| Net assets without donor restrictions | $26,013,594 |
| Net assets with donor restrictions | $54,625,427 |
| 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 | $83,845,059 |