Fresno Art Museum
- Assets
- $8.7m
- Revenue
- $731.7k
- Investments
- $0.0
- Employees
- 18
- Location
- Fresno, CA
- Founding
- 09/1953
- Data as of
- 06/2022
- EIN
- 94-1358318
Organization Overview
Fresno Art Museum is located in Fresno, CA. The organization was established in 1953. 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 06/2022, Fresno Art Museum employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresno 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 06/2022, Fresno Art Museum generated $731.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $956.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ART EXHIBITION AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS OF ART WORKS ATTENDED BY APPROXIMATELY 11000 VISITORS. CONDUCTED 454 SCHOOL/GROUP TOURS BOTH IN PERSON AND VIRTUAL WITH 6,792 PARTICIPATING. HELD A SUMMER ART ACADEMY WITH 200 ATTENDING IN PERSON AND 60 ATTENDING ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Pracy Executive Director | Officer | 40 | $75,600 |
Brian Baker Trustee | Trustee | 0.5 | $0 |
Jeffrey Jaech Trustee | Trustee | 0.5 | $0 |
Nancy Melikian Trustee | Trustee | 0.5 | $0 |
Mark Sutton Trustee | Trustee | 0.5 | $0 |
Cala Carter President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $149,572 |
| Fundraising events | $40,114 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,147 |
| Noncash contributions included in lines 1a–1f | $1,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,833 |
| Total Program Service Revenue | $166,046 |
| Investment income | -$71,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,704 |
| 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. | $75,600 |
| Compensation of current officers, directors, key employees. | $75,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,342 |
| Payroll taxes | $38,907 |
| 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 | $10,038 |
| Fees for services: Other | $12,611 |
| Advertising and promotion | $7,780 |
| Office expenses | $29,053 |
| Information technology | $9,813 |
| Royalties | $0 |
| Occupancy | $185,247 |
| Travel | $763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $384 |
| Interest | $8,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,185 |
| Insurance | $19,694 |
| All other expenses | $270 |
| Total functional expenses | $956,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,868 |
| Savings and temporary cash investments | $409,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,122 |
| Prepaid expenses and deferred charges | $158,415 |
| Net Land, buildings, and equipment | $233,845 |
| Investments—publicly traded securities | $983,594 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,803,896 |
| Total assets | $8,655,221 |
| Accounts payable and accrued expenses | $77,004 |
| Grants payable | $0 |
| Deferred revenue | $625,473 |
| 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 | $100,868 |
| Other liabilities | $0 |
| Total liabilities | $803,345 |
| Net assets without donor restrictions | $7,851,876 |
| Net assets with donor restrictions | $0 |
| 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 | $8,655,221 |