Northwest Museum Of Arts & Culture Foundation
- Assets
- $10.7m
- Revenue
- $826.1k
- Investments
- $10.3m
- Employees
- 2
- Location
- Spokane, WA
- Founding
- 12/1985
- Data as of
- 06/2022
- EIN
- 91-1303063
Organization Overview
Northwest Museum Of Arts & Culture Foundation is located in Spokane, WA. The organization was established in 1985. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Northwest Museum Of Arts & Culture Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Museum Of Arts & Culture Foundation 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 06/2022, Northwest Museum Of Arts & Culture Foundation generated $826.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $299.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Northwest Museum Of Arts & Culture Foundation has awarded 14 individual grants totaling $5,246,460. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NORTHWEST MUSEUM OF ARTS & CULTURE FOUNDATION IS TO FINANCIALLY SUPPORT THE EASTERN WASHINTON STATE HISTORICAL SOCIETY DBA NORTHWEST MUSEUM OF ARTS & CULTURE AS IT ACTIVELY ENGAGES ALL PEOPLE IN APPRECIATION OF ARTS AND CULTURE THROUGH COLLECTIONS, STEWARDSHIP, EXHIBITS, AND PROGRAMS THAT EDUCATE AND ENTERTAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE OPERATING AND PROGRAM SUPPORT FOR THE EASTERN WASHINGTON STATE HISTORICAL SOCIETY DBA NORTHWEST MUSEUM OF ARTS & CULTURE, FORMERLY KNOWN AS THE CHENEY COWLES MUSEUM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ormsby Board Member | Trustee | 1 | $0 |
Maureen Green Board Member | Trustee | 1 | $0 |
Patricia Dahmen Board Member | Trustee | 1 | $0 |
Scott Laplant Treasurer | OfficerTrustee | 2 | $0 |
Greer Bacon Vice President | OfficerTrustee | 2 | $0 |
Michael Flannery Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,100 |
| Total Program Service Revenue | $0 |
| Investment income | $231,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $554,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $826,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $166,657 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,259 |
| Fees for services: Management | $73,396 |
| 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 | $0 |
| Fees for services: Other | $9,194 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,596 |
| All other expenses | $0 |
| Total functional expenses | $299,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,883 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $2,188 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,273,259 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,671,330 |
| Accounts payable and accrued expenses | $2,561 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,561 |
| Net assets without donor restrictions | $296,739 |
| Net assets with donor restrictions | $10,372,030 |
| 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 | $10,671,330 |
Grants Awarded
Over the last fiscal year, Northwest Museum Of Arts & Culture Foundation has awarded $318,812 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN WASHINGTON STATE HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $318,812 |