Bennington Museum INC FY2020 filing

Tax-deductible

Bennington, VT501(c)(3)Since 1928Arts & CultureEIN 03-0185292Revenue $793K in FY2020

On file with the IRSbenningtonmuseum.org75 Main St, 05201-2827 · Bennington, VTTax-exempt since Feb 1928Publicly supported — 509(a)(2)

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The Bennington Museum collects, exhibits, and interprets the art, history, and culture of vermont and northern new england. Our goal is to educate, delight, and inspire our local community, and visitors from across the nation and the world.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $532K a year · 30% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $31K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$248K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$793K
Spent
$1.1M
To programs
82%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$793K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$793K
FY2021$2.0M
FY2022$1.2M
FY2023$1.3M
FY2024$2.4M
FY2025$2.8M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$813K
FY2022$1.0M
FY2023$1.3M
FY2024$1.7M
FY2025$1.5M
Net assets
$2.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$4.2M
FY2022$7.0M
FY2023$7.1M
FY2024$8.0M
FY2025$9.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1928.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $876K Management & general 17% · $177K Fundraising 1% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Dir.
$50,135Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A

Martin Mahoney’s $158K as Executive Director is at the 70th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Martin Mahoney$157,977$130,796$120,123$33,239——
Joshua Torrance————$92,884—
David Pilachowski———$51,154——
Robert Wolterstorff—————$50,135

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Collects, exhibits, and interprets regional art, history, and culture to educate and inspire visitors.

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Provided by the organization

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1 program · $876K · in their own filed words · FY2019
01

The Bennington Museum collects, exhibits, and interprets the art, history, and culture of Vermont and northern New England. Our goal is to educate, delight, and inspire our local community, and visitors from across the nation and the world.

$876Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 3 funders$31K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$793K
Ln 12
Gifts and grantsLn 1h$544K
Other incomeLn 4–11$107K
Fees for servicesLn 2g$96K
Money outPt IX
$1.1M
Ln 25
Programscol B$876K
Managementcol C$177K
Fundraisingcol D$10K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$801K
Total assetsLn 16$3.1M
LiabilitiesLn 26$248K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$544K
Fees for servicesLn 2g$96K
Investment incomeLn 3$47K
Other incomeLn 4–11$107K
Gains on assetsLn 7−$14K
Total revenueLn 12$793K
Assets in detailPt X, end of year
CashLn 1$404K
SavingsLn 2$398K
Cash and savings togetherLn 1–2$801K
InvestmentsLn 11–13$717K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$0
Total assetsLn 16$3.1M
LiabilitiesLn 26$248K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 517
VolunteersI 680
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$628K$801K
InvestmentsLn 11–13$702K$717K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$3.2M$3.1M
LiabilitiesLn 26$109K$248K
Net assetsLn 32$3.1M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$50K$38K$13K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$442K$354K$88K
Pension plan contributionsLn 8$8K$7K$2K
Other employee benefitsLn 9$16K$12K$3K
Payroll taxesLn 10$51K$41K$10K
Management feesLn 11a$0
Legal feesLn 11b$1K$1K$280
Accounting feesLn 11c$190$152$38
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$9K$7K$2K
Information technologyLn 14$19K$15K$4K
RoyaltiesLn 15$0
OccupancyLn 16$88K$71K$18K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$9K$7K$2K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$103K$82K$21K
InsuranceLn 23$25K$20K$5K
Other expenses (24a–d)Ln 24$223K$206K$7K$10K
All other expensesLn 24e$18K$14K$4K
Total functional expensesLn 25$1.1M$876K$177K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.8M$1.5M$1.3M$9.5M 990 PDF
FY2024 $2.4M$1.7M$685K$8.0M 990 PDF
FY2023 $1.3M$1.3M$55K$7.1M 990 PDF
FY2022 $1.2M$1.0M$215K$7.0M 990 PDF
FY2021 $2.0M$813K$1.2M$4.2M 990 PDF
FY2020 Viewing $793K$1.1M−$270K$2.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $793,247 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $625,571$543,511
I-9 Program service revenuePrior year $166,832$96,081
I-10 Investment incomePrior year $68,194$47,063
I-11 Other revenuePrior year $60,062$106,592
I-12 Total revenuePrior year $920,659$793,247
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $575,053$567,344
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $634,383$495,648
I-18 Total expensesPrior year $1,209,436$1,062,992
I-19 Revenue less expensesPrior year −$288,777−$269,745
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $793,247 across 10 lines filed
Lines not itemized here account for $41,674 of total revenue; see the IRS return.
VIII-1b Membership dues$55,124
VIII-1f All other contributions, gifts and grants$488,387
VIII-1h Total contributions, gifts and grants$543,511
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $96,081$96,081
VIII-3 Investment incomeExcluded from tax $61,175$61,175
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $4,240$4,240
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$14,112−$14,112
VIII-8 Net income from fundraising eventsExcluded from tax $60,678$60,678
VIII-12 Total revenueRelated to mission $137,755 · Excluded from tax $111,981$793,247
Part IX · Statement of functional expenses $1,062,992 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $37,601 · Management $12,534$50,135
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $353,866 · Management $88,466$442,332
IX-8 Pension plan contributionsPrograms $6,697 · Management $1,674$8,371
IX-9 Other employee benefitsPrograms $12,425 · Management $3,106$15,531
IX-10 Payroll taxesPrograms $40,780 · Management $10,195$50,975
IX-11a Management fees$0
IX-11b Legal feesPrograms $1,120 · Management $280$1,400
IX-11c Accounting feesPrograms $152 · Management $38$190
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $7,375 · Management $1,844$9,219
IX-14 Information technologyPrograms $15,474 · Management $3,868$19,342
IX-15 Royalties$0
IX-16 OccupancyPrograms $70,712 · Management $17,678$88,390
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $6,948 · Management $1,737$8,685
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $82,127 · Management $20,532$102,659
IX-23 InsurancePrograms $19,741 · Management $4,935$24,676
IX-24 Other expenses (24a–d)Programs $206,499 · Management $6,688 · Fundraising $10,245$223,432
IX-24e All other expensesPrograms $14,124 · Management $3,531$17,655
IX-25 Total functional expensesPrograms $875,641 · Management $177,106 · Fundraising $10,245$1,062,992
Part X · Balance sheet $3,092,582 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $391,240$403,720
X-2 Savings and temporary cash investmentsStart of year $236,643$397,560
X-3 Pledges and grants receivableStart of year $212,433$32,748
X-4 Accounts receivableStart of year $3,665$50
X-8 Inventories for sale or useStart of year $143,995$135,733
X-9 Prepaid expenses and deferred chargesStart of year $10,646$10,013
X-10c Land, buildings and equipment, netStart of year $1,498,152$1,395,493
X-11 Publicly traded securitiesStart of year $702,028$717,265
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $3,198,802$3,092,582
X-17 Accounts payable and accrued expensesStart of year $91,216$125,140
X-24 Unsecured notes and loans payableStart of year $17,020$122,801
X-26 Total liabilitiesStart of year $108,796$247,941
X-27 Net assets without donor restrictionsStart of year $1,608,361$1,242,009
X-28 Net assets with donor restrictionsStart of year $1,481,645$1,602,632
X-32 Total net assets or fund balancesStart of year $3,090,006$2,844,641
X-33 Total liabilities and net assetsStart of year $3,198,802$3,092,582
Part XI · Reconciliation of net assets $2,844,641 net assets at year end
XI-1 Total revenue$793,247
XI-2 Total expenses$1,062,992
XI-3 Revenue less expenses−$269,745
XI-4 Net assets at start of year$3,090,006
XI-5 Net unrealized gains (losses) on investments$24,380
XI-10 Net assets at end of year$2,844,641

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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