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Arnot Art Museum

Tax-deductible

Elmira, NY501(c)(3)Arts & Culture EIN 16-0796341Revenue $460K in FY2023

On file with the IRSarnotartmuseum.org235 Lake St, 14901-3118 · Elmira, NYTax-exempt since Oct 1942Publicly supported charity — 170(b)(1)(A)(vi)

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The Arnot Art Museum is an exhibiting and collecting fine arts Museum, accredited by the american association of museums. The Museum exhibits its permanent collection of 17th-19th century european paintings and sculpture; 19th century american paintings and sculpture; and contemporary realist Art from all over the world; temporary exhibitions consisting of loaned works are also presented.

501(c)(3) charity; gifts are tax-deductible.
33¢ of each $1 spent went to programs.
$4 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $29K a year · 5% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
33%
of spending
Concern: 33% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4
to officers and key staff · <0.01% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Plus $4.9M in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $52K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$35K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$460K
-40% vs prior year
Spent
$691K
To programs
33%
Net assets
$5.9M
By yearFY2020–FY2023
Revenue
$460K
FY2023▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$629K
FY2022$768K
FY2023$460K
Expenses
$691K
FY2023▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$552K
FY2022$526K
FY2023$691K
Net assets
$5.9M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2022$5.8M
FY2023$5.9M

From the FY2023 Form 990 (year ending August 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Oct 1942.

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

Where the money goes

33 cents of each dollar spent went to programs.

Program services 33% · $231K Management & general 49% · $341K Fundraising 17% · $118K

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

14 people listed on the 990; $4 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$4Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dori Riggs
Trustee
$0Pt VII · Sec A
Jack Walsh
Trustee
$0Pt VII · Sec A

Marc Hample’s $4 as Trustee is at the 0th percentile of top reported officer pay among 2215 $100K–1M 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.

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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

Displays and collects fine art, including European paintings, American art, and contemporary realism.

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Provided by the organization

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3 programs · $231K · in their own filed words · FY2022
01

Exhibits

The acquistion and maintenance of art exhibits

$116Kprogram expense
02

Education

Operating art camps and other educational activities for area youth.

$58Kprogram expense
03

Public Information

Performing outreach activities for the promotion of the arts.

$57Kprogram 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 · FY2024
Lowman-Howell Foundation INCFY2024$25K
Community Foundation of Elmira Corning and the Finger LakesFY2024$20K
Meier Family FoundationFY2024$4K
Arthur E & Frances Mayer Rikli Fam Foundation Tr 161775FY2024$2K
Total grants receivedfrom 4 funders$52K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$460K
Ln 12
Gifts and grantsLn 1h$340K
Other incomeLn 4–11$104K
Investment incomeLn 3$9K
Money outPt IX
$691K
Ln 25
Programscol B$231K
Managementcol C$341K
Fundraisingcol D$118K
Owns and owesPt X
$5.9M
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$5.9M
LiabilitiesLn 26$35K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$340K
Government grantsLn 1e$50K
Fees for servicesLn 2g$8K
Investment incomeLn 3$9K
Other incomeLn 4–11$104K
Gains on assetsLn 7−$88K
Total revenueLn 12$460K
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$83K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$4.9M
Land, buildings, equipmentLn 10c$930K
Total assetsLn 16$5.9M
LiabilitiesLn 26$35K
Net assetsLn 32$5.9M
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$181K$83K
InvestmentsLn 11–13$4.7M$4.9M
Land, buildings, equipmentLn 10c$986K$930K
Total assetsLn 16$5.8M$5.9M
LiabilitiesLn 26$38K$35K
Net assetsLn 32$5.8M$5.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$44K$33K$8K
Other salaries and wagesLn 7$150K$78K$58K$13K
Pension plan contributionsLn 8$3K$2K$1K$270
Other employee benefitsLn 9$41K$21K$16K$4K
Payroll taxesLn 10$18K$9K$7K$2K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$378$378
Office expensesLn 13$652$652
OccupancyLn 16$83K$219$82K
TravelLn 17$7$7
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$62K$32K$24K$6K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$166K$33K$51K$82K
All other expensesLn 24e$32K$11K$16K$4K
Total functional expensesLn 25$691K$231K$341K$118K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $460K$691K−$230K$5.9M 990 PDF
FY2022 $768K$526K$241K$5.8M 990 PDF
FY2021 Not on file
FY2020 $629K$552K$77K$5.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $460,339 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $276,761$340,267
I-9 Program service revenuePrior year $5,702$7,531
I-10 Investment incomePrior year $440,453$8,781
I-11 Other revenuePrior year $44,973$103,760
I-12 Total revenuePrior year $767,889$460,339
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $256,843$295,333
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $269,578$395,370
I-18 Total expensesPrior year $526,421$690,703
I-19 Revenue less expensesPrior year $241,468−$230,364
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $460,339 across 8 lines filed
Lines not itemized here account for $103,760 of total revenue; see the IRS return.
VIII-1b Membership dues$66,455
VIII-1e Government grants$50,500
VIII-1f All other contributions, gifts and grants$223,312
VIII-1h Total contributions, gifts and grants$340,267
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $7,531$7,531
VIII-3 Investment incomeExcluded from tax $96,616$96,616
VIII-7 Net gain or loss on sales of assetsRelated to mission −$87,835−$87,835
VIII-12 Total revenueRelated to mission −$82,604 · Excluded from tax $202,676$460,339
Part IX · Statement of functional expenses $690,703 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,873 · Management $32,904 · Fundraising $7,593$84,370
IX-7 Other salaries and wagesPrograms $77,829 · Management $58,372 · Fundraising $13,470$149,671
IX-8 Pension plan contributionsPrograms $1,560 · Management $1,170 · Fundraising $270$3,000
IX-9 Other employee benefitsPrograms $21,167 · Management $15,875 · Fundraising $3,664$40,706
IX-10 Payroll taxesPrograms $9,145 · Management $6,858 · Fundraising $1,583$17,586
IX-11c Accounting feesManagement $13,267$13,267
IX-12 Advertising and promotionPrograms $378$378
IX-13 Office expensesManagement $652$652
IX-16 OccupancyPrograms $219 · Management $82,362$82,581
IX-17 TravelManagement $7$7
IX-20 InterestManagement $1,359$1,359
IX-22 Depreciation, depletion and amortizationPrograms $32,487 · Management $24,366 · Fundraising $5,623$62,476
IX-23 InsuranceManagement $37,236$37,236
IX-24 Other expenses (24a–d)Programs $33,380 · Management $50,889 · Fundraising $81,524$165,793
IX-24e All other expensesPrograms $11,297 · Management $15,824 · Fundraising $4,500$31,621
IX-25 Total functional expensesPrograms $231,335 · Management $341,141 · Fundraising $118,227$690,703
Part X · Balance sheet $5,945,610 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $180,693$82,938
X-9 Prepaid expenses and deferred chargesStart of year $4,052$4,024
X-10c Land, buildings and equipment, netStart of year $986,305$930,028
X-11 Publicly traded securitiesStart of year $4,674,517$4,928,420
X-16 Total assetsStart of year $5,845,767$5,945,610
X-17 Accounts payable and accrued expensesStart of year $7,110$9,195
X-25 Other liabilitiesStart of year $30,936$25,675
X-26 Total liabilitiesStart of year $38,046$34,870
X-27 Net assets without donor restrictionsStart of year $5,182,511$5,104,507
X-28 Net assets with donor restrictionsStart of year $625,210$806,233
X-32 Total net assets or fund balancesStart of year $5,807,721$5,910,740
X-33 Total liabilities and net assetsStart of year $5,845,767$5,945,610
Part XI · Reconciliation of net assets $5,910,740 net assets at year end
XI-1 Total revenue$460,339
XI-2 Total expenses$690,703
XI-3 Revenue less expenses−$230,364
XI-4 Net assets at start of year$5,807,721
XI-5 Net unrealized gains (losses) on investments$333,383
XI-10 Net assets at end of year$5,910,740

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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