Museum Of Arts & Sciences in Daytona Beach, Florida (FL)

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Museum Of Arts & Sciences
Employer Identification Number (EIN)591022050
Name of OrganizationMuseum Of Arts & Sciences
Address352 S Nova Rd, Daytona Beach, FL 32114-4512
SubsectionCharitable Organization
Ruling Date02/1965
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$43,082,777
Amount of Income$4,918,079
Form 990 Revenue Amount$2,919,605
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2013: $4,918,079
This organization: 

 $4,918,079
Other organizations performing similar types of work: 

 $433,282

Assets in 2013: $43,082,777
This organization: 

 $43,082,777
Other organizations performing similar types of work: 

 $1,224,023

Expenses in 2013: $2,011,564
This organization: 

 $2,011,564
Other organizations performing similar types of work: 

 $338,913

Income to expenses ratio in 2013: 2.4
Museum Of Arts & Sciences: 

 2.4
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2007: 86.2%
This organization: 

 86.2%
Other organizations performing similar types of work: 

 70.3%

Number of employees in 2013: 29
Museum Of Arts & Sciences: 

 29
Other organizations performing similar types of work: 

 9

Employees paid over $100,000 in 2013: 6.9%
Museum Of Arts & Sciences: 

 6.9%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 70.3%
This organization: 

 70.3%
Other organizations performing similar types of work: 

 70.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?NoYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10962125
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return4129
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$35,704$111,547
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization01
Total number of independent contractors who received more than $100,000 of compensation from the organization01
Statement of Revenue
201120122013
Total revenue$8,355,515$1,900,679$2,919,605
Contributions, Gifts, Grants and Other Similar Amounts$7,086,835$816,650$2,052,044
Program Service Revenue$475,385$439,013$426,520
All Other Amusement and Recreation Industries $249,731$263,006
All Other Amusement and Recreation Industries $86,367$82,665
All Other Amusement and Recreation Industries $85,787$69,863
All Other Amusement and Recreation Industries $17,128$10,986
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$533,548$421,877$244,949
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$-8,142$20,105$7,033
Gross amount from sales of assets other than inventory (Securities / Other)$9,294,221 / $0$1,612,886 / $0$1,879,315 / $0
Less: cost or other basis and sales expenses (Securities / Other)$9,302,363 / $0$1,592,781 / $0$1,872,282 / $0
Gain or (loss) (Securities / Other)$-8,142 / $0$20,105 / $0$7,033 / $0
Net income/loss from fundraising events$88,163$35,877$49,385
Gross income from fundraising events$159,915$137,324$155,686
Less: direct expenses$71,752$101,447$106,301
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$74,946$46,384$46,151
Gross sales of inventory, less returns and allowances$77,026$69,638$66,042
Less: cost of goods sold$2,080$23,254$19,891
Miscellaneous Revenue$104,780$120,773$93,523
0$53,175$43,241
0$37,011$20,000
0$17,105$15,433
All other revenue$13,482$14,849
Statement of Functional Expenses
201120122013
Total functional expenses$3,156,047$2,079,721$2,011,564
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$224,611$35,704$0
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$477,876$579,367$688,356
Pension plan accruals and contributions$0$0
Other employee benefits$29,103$44,867
Payroll taxes$57,469$48,749$50,066
Fees for services (non-employees)
Management$0$0
Legal$115,877$56,287
Accounting$0$0
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$1,882$0
Other$120,568$85,852
Advertising and promotion$77,121$53,906
Office expenses$166,188$134,542
Information technology$0$0
Royalties$0$0
Occupancy$136,190$142,045
Travel$4,767$8,774
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$14,110$14,999
Payments to affiliates$0$0
Depreciation, depletion, and amortization$461,723$471,369
Insurance$98,945$118,482
Other expenses$89,255$53,027
Other expenses$55,497$38,090
Other expenses$30,045$37,397
Other expenses$11,224$13,147
Other expenses$3,406$358
Balance Sheet
201120122013
Total assets$66,093,351$47,244,127$43,082,777
Cash - non-interest-bearing$64,845$55,610
Savings and temporary cash investments$981,768$802,993
Pledges and grants receivable, net$96,238$181,270
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$43,553$37,711
Prepaid expenses and deferred charges$26,434$45,161
Land, buildings, and equipment: cost or other basis$18,175,554$17,756,069
Investments - publicly traded securities$0$0
Investments - other securities$21,717,819$19,050,548
Investments - program-related$0$0
Intangible assets$0$0
Other assets$6,137,916$5,153,415
Total liabilities$183,158$206,043$1,251,690
Accounts payable and accrued expenses$57,533$1,095,323
Grants payable$67,458$67,458
Deferred revenue$81,052$88,909
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$65,910,193$47,038,084$41,831,087
Unrestricted net assets$3,523,448$3,250,901
Temporarily restricted net assets$31,880,665$32,747,910
Permanently restricted net assets$11,633,971$5,832,276
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$6,110,653
Subtotal Support$17,305,527
Gifts, grants, contributions, and membership fees received$16,989,198
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$316,329
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$11,194,874
Total Support$19,907,035
Public Support$17,305,527
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,445,822
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$155,686
Gross receipts from related activities, etc.$574,220
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$4,282,248$2,430,021$3,264,120$3,722,282$2,924,777$4,440,352$3,720,673$3,210,048
Contributions, gifts, grants, and similar amounts received$2,708,023$1,200,755$1,666,753$2,647,084$1,351,822$2,390,514$2,344,728$1,857,693
Contributions to donor advised funds$0$0
Direct public support$931,798$754,422$704,912$1,690,948$1,099,154$1,984,742$1,967,326$1,119,834
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$1,776,225$446,333$961,841$956,136$252,668$405,772$377,402$737,859
Program service revenue including government fees and contracts$657,824$434,908$666,137$503,722$577,879$1,182,008$595,813$538,008
Membership dues and assessments$180,891$169,358$215,027$253,139$201,496$202,496$196,751$175,686
Interest on savings and temporary cash investments$58,811$14,741$4,017$2,921$17,261$63,112$52,757$28,047
Dividends and interest from securities$515,646$509,501$505,723$298,841$301,643$332,112$359,746$369,094
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$2,332$1,435$1,448$-93,097$312,779$669$-1,050$2,679
Gross amount from sales of assets other than inventory$1,026,947$1,228,171$1,142,752$1,100,546$1,795,290$1,287,195$1,533,698$839,616
Less: cost or other basis and sales expenses$1,024,615$1,226,736$1,141,304$1,193,643$1,482,511$1,286,526$1,534,748$836,937
Net income or (loss) from special events and activities$54,202$15,088$5,847$26,226$-441$10,009$53,108$43,147
Gross revenue$82,399$41,223$43,959$68,660$35,131$46,764$72,957$43,147
Less: direct expenses other than fundraising expenses$28,197$26,135$38,112$42,434$35,572$36,755$19,849$0
Gross profit or (loss) from sales of inventory$75,480$56,373$163,910$43,852$60,388$224,104$82,126$170,272
Gross sales of inventory, less returns and allowances$142,300$127,333$261,140$102,133$109,135$437,379$160,039$232,518
Less: cost of goods sold$66,820$70,960$97,230$58,281$48,747$213,275$77,913$62,246
Other revenue$29,039$27,862$35,258$39,594$101,950$35,328$36,694$25,422
Total expenses$2,415,029$2,272,558$2,979,578$2,288,522$2,239,048$3,291,859$2,528,489$2,406,103
Program services$2,253,674$2,074,217$2,755,693$2,120,621$2,067,994$3,149,639$2,305,987$2,074,976
Management and general$161,355$159,889$171,674$117,937$118,271$118,588$209,381$55,168
Fundraising$0$38,452$52,211$49,964$52,783$23,632$13,121$275,959
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$48,851,726$48,989,642$49,116,587$50,458,789$51,059,210$52,157,620$53,129,885$53,400,814
Excess or (deficit) for the year$1,867,219$157,463$284,542$1,433,760$685,729$1,148,493$1,192,184$803,945
Net assets or fund balances at beginning of year$46,740,052$48,851,726$48,989,642$49,116,587$50,458,789$51,059,210$52,157,620$53,129,885
Other changes in net assets or fund balances$244,455$-19,547$-157,597$-91,558$-85,308$-50,083$-219,919$-533,016
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,406,103$2,074,976$55,168$275,959
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$244,937$207,675$0$37,262
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$625,010$525,018$0$99,992
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$41,645$38,419$0$3,226
Payroll taxes$64,662$54,603$0$10,059
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$113,756$101,665$2,097$9,994
Telephone$18,456$17,327$0$1,129
Postage and shipping$24,650$20,045$930$3,675
Occupancy$201,333$201,333$0$0
Equipment rental and maintenance$17,164$17,164$0$0
Printing and publications$60,853$41,784$1,800$17,269
Travel$21,124$20,302$142$680
Conferences, conventions, and meetings$20,168$12,659$0$7,509
Interest$0$0$0$0
Depreciation, depletion, etc.$382,970$382,970$0$0
Other expenses not covered above$569,375$434,012$50,199$85,164
Balance Sheets
20002001200220032004200520062007
Total assets$49,133,438$49,594,012$49,766,105$50,619,947$51,259,770$52,323,945$53,207,501$53,657,303
Cash - non-interest-bearing$1,735$1,900$1,677$1,605$1,605$2,925$0$80,221
Savings and temporary cash investments$1,081,235$1,158,604$934,371$908,054$797,820$1,333,193$938,806$562,361
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$4,380,434$4,479,104$4,399,629$4,442,494$4,430,364$5,117,884$4,886,961$4,511,468
Grants receivable$24,811$4,881$56,557$0$52,897$0$0$104,878
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$27,892$15,847$18,067$19,726$18,073$18,930$15,957$27,077
Prepaid expenses and deferred charges$9,554$19,527$28,822$49,290$69,666$39,592$19,866$44,717
Investments - publicly-traded securities$3,877,927$3,357,827
Investments - other securities$354,717$5,900,887$5,937,045$6,045,442$7,085,998$7,180,730$3,297,778$3,518,338
Investments - land, buildings, and equipment less accumulated depreciation$764,127$0$0$0$0$0$0$204,000
Investments - other$5,107,457$3,693,812$0$4,235,499$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$37,245,837$33,508,161$37,635,849$34,315,827$38,695,796$33,759,903$39,966,206$41,246,416
Other assets, including program-related investments$135,639$811,289$754,088$602,010$107,551$4,870,788$204,000$0
Total liabilities$281,712$604,370$649,518$161,158$200,560$166,325$77,616$256,489
Accounts payable and accrued expenses$32,914$47,116$62,981$33,224$44,894$88,172$28,236$205,633
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$98,581$441,620$493,837$51,917$56,271$39,839$35,823$30,500
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$150,217$115,634$92,700$76,017$99,395$38,314$13,557$20,356
Total liabilities and net assets/fund balances$49,133,438$49,594,012$49,766,105$50,619,947$51,259,770$52,323,945$53,207,501$53,657,303
Total net assets or fund balances$48,851,726$48,989,642$49,116,587$50,458,789$51,059,210$52,157,620$53,129,885$53,400,814
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$4,282,248$2,430,021$3,264,120$3,722,282$2,924,777$4,440,352$3,720,673$3,210,048
Total revenue, gains, and other support per audited financial statements$6,451,605$4,473,108$5,208,991$4,514,496$3,554,834$5,386,399$4,284,082$3,400,762
Other expenses$2,169,357$2,043,087$2,017,368$918,354$709,175$946,047$563,409$128,468
Net unrealized gains on investments$204,986$84,995$0$0$0$-116,275$-125,663$-348,310
Donated services and use of facilities$0$0$614,539$583,267$431,256$546,311$496,818$461,699
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$1,964,371$1,958,092$1,402,829$335,087$277,919$516,011$192,254$15,079
Other revenue$0$0$72,497$126,140$79,118$0$0$-62,246
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$72,497$126,140$79,118$0$0$-62,246
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$2,415,029$2,272,558$2,979,578$2,288,522$2,239,048$3,291,859$2,528,489$2,406,103
Total expenses and losses per audited financial statements$4,339,930$4,335,192$5,082,046$3,172,294$2,954,413$4,287,990$3,311,817$3,129,833
Other revenue$1,924,901$2,062,634$2,102,468$883,772$715,365$996,131$794,370$723,730
Donated services and use of facilities$0$0$499,849$583,267$431,256$546,311$496,818$461,699
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$1,924,901$2,062,634$1,602,619$300,505$284,109$449,820$297,552$262,031
Other expenses$0$0$0$0$0$0$11,042$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$11,042$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$129,120$3,632$6,000
40$53,560$0$0
40$52,625$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings28
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200631
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$15,080$397,141$940,134
Program service revenue
Program service revenue 1000000$000$0$141,632
Program service revenue 2000000$000$0$328,301
Program service revenue 3000000$000$0$68,075
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$175,686
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$28,047$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$369,094$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$2,679
Net income or (loss) from special events000000$000$0$43,147
Gross profit or (loss) from sales of inventory000000$000$0$170,272
Other revenuePeriodical publishers (except Internet)$15,08000$0$10,342
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
596060839100%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$2,613,657$4,411,065$2,031,393$3,346,338$4,414,571$2,639,066$4,759,132$3,823,501
Gifts, grants, and contributions received$1,267,196$2,904,706$902,885$1,615,077$3,145,561$1,294,571$2,459,933$2,348,744
Membership fees received$157,651$180,891$169,358$215,027$253,139$201,496$202,496$196,751
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$464,612$657,824$434,908$1,006,494$714,109$824,095$1,701,479$865,503
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$724,198$667,644$524,242$509,740$301,762$318,904$395,224$412,503
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$12,567$26,914$14,347
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$12,567$26,914$14,347
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$14,347
Unrelated business taxable income before net operating loss deduction$14,347
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$14,347
Specific deduction$1,000
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3Smith Museum Of Stained Glass Windows And American Art20 N Wacker Drive, Chicago, IL 60606-2806IL1994-05$838,665
4Witte Museum3801 Broadway St, San Antonio, TX 78209-6309TX1932-11$20,214,005
5Studio Museum In Harlem Inc144 W 125th Street, New York, NY 10027-4423NY1967-11$11,364,824
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9Palm Beach Maritime Museum Inc4512 N Flagler Dr Ste 206, West Palm Bch, FL 33407-3900FL1975-01$4,246,181
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18Big Band Hall Of Fame A National Organization2778 S Ocean Blvd Ste 305, Palm Beach, FL 33480-5580FL1983-06$0
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Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas6
Arizona11
California72
Colorado12
Connecticut16
District of Columbia3
Delaware3
Florida25
Georgia11
Hawaii10
Iowa15
Idaho4
Illinois33
Indiana16
Kansas18
Kentucky9
Louisiana6
Massachusetts17
Maryland13
Maine13
Michigan18
Minnesota7
Missouri14
Mississippi3
Montana3
North Carolina12
North Dakota3
Nebraska2
New Hampshire8
New Jersey14
New Mexico10
Nevada2
New York48
Ohio33
Oklahoma14
Oregon7
Pennsylvania20
Rhode Island2
South Carolina5
South Dakota7
Tennessee13
Texas39
Utah2
Virginia13
Vermont5
Washington13
Wisconsin12
West Virginia2
Wyoming2
International1
Total651

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