Museum Associates INC

Tax-deductible

Columbia, MO501(c)(3)Arts & CultureEIN 43-1092471Revenue $123K in FY2025

On file with the IRSmaa.missouri.edu520 S 9th Street Ellis Library 1, 65211-0001 · Columbia, MOTax-exempt since Apr 1977Publicly supported — 509(a)(2)

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Support for the Museum of art & archaeology, university of missouri. Includes art acquisitions, researc, project sponsorships.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 4
filings with a surplus
Average surplus $87K a year · 62% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
-55% vs prior year
Spent
$70K
To programs
80%
Net assets
$764K
By yearFY2021–FY2025
Revenue
$123K
FY2025▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2021$99K
FY2022$70K
FY2023$52K
FY2024$273K
FY2025$123K
Expenses
$70K
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$55K
FY2022$38K
FY2023Not on file
FY2024$54K
FY2025$70K
Net assets
$764K
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$592K
FY2022$554K
FY2023$490K
FY2024$710K
FY2025$764K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1977.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $56K Management & general 15% · $10K Fundraising 5% · $3K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Bruce Cox’s $17K as Director is at the 13th percentile of top reported officer pay among 2216 $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 15aNo

Programs and updates

Acquires art, funds research, and sponsors projects for the University of Missouri's Museum of Art & Archaeology.

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Provided by the organization

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1 program · $56K · in their own filed words · FY2024
01

Support for Museum of Art & Archaeology, University of Missouri. Inculdes art acquisitions, research, project sponsorships

$56Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Fees for servicesLn 2g$39K
Gifts and grantsLn 1h$33K
Other incomeLn 4–11$26K
Money outPt IX
$70K
Ln 25
Programscol B$56K
Managementcol C$10K
Fundraisingcol D$3K
Owns and owesPt X
$764K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$764K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Fees for servicesLn 2g$39K
Investment incomeLn 3$25K
Other incomeLn 4–11$26K
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
InvestmentsLn 11–13$673K
Land, buildings, equipmentLn 10c$104
Total assetsLn 16$764K
LiabilitiesLn 26$0
Net assetsLn 32$764K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$687K$67K
InvestmentsLn 11–13$673K
Land, buildings, equipmentLn 10c$273$104
Total assetsLn 16$710K$764K
LiabilitiesLn 26$0$0
Net assetsLn 32$710K$764K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$10$10
Accounting feesLn 11c$680$340$340
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$25$25
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$243$2K
Information technologyLn 14$3K$3K
OccupancyLn 16$872$872
Conferences, conventions and meetingsLn 19$6K$6K
Depreciation, depletion and amortizationLn 22$104$104
InsuranceLn 23$882$882
Other expenses (24a–d)Ln 24$44K$41K$3K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$70K$56K$10K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $123K$70K$54K$764K 990 PDF
FY2024 $273K$54K$219K$710K 990 PDF
FY2023 $52K$490K 990 PDF
FY2022 $70K$38K$32K$554K 990 PDF
FY2021 $99K$55K$43K$592K 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 FY2025 990 (6 parts)
Part I · Summary $123,337 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $156,814$32,580
I-9 Program service revenuePrior year $42,664$39,362
I-10 Investment incomePrior year $69,189$25,483
I-11 Other revenuePrior year $4,235$25,912
I-12 Total revenuePrior year $272,902$123,337
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $14,400$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $39,122$69,569
I-18 Total expensesPrior year $53,522$69,569
I-19 Revenue less expensesPrior year $219,380$53,768
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $123,337 across 7 lines filed
Lines not itemized here account for $6,887 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$32,580
VIII-1h Total contributions, gifts and grants$32,580
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,362$39,362
VIII-3 Investment incomeRelated to mission $25,483$25,483
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,025$19,025
VIII-12 Total revenueRelated to mission $90,757 · Unrelated business $0 · Excluded from tax $0$123,337
Part IX · Statement of functional expenses $69,569 across 13 lines filed
IX-11b Legal feesPrograms $10$10
IX-11c Accounting feesPrograms $340 · Management $340$680
IX-11f Investment management feesManagement $8,393$8,393
IX-11g Other fees for servicesPrograms $25$25
IX-12 Advertising and promotionPrograms $2,411$2,411
IX-13 Office expensesPrograms $243 · Management $1,527$1,770
IX-14 Information technologyPrograms $2,758$2,758
IX-16 OccupancyPrograms $872$872
IX-19 Conferences, conventions and meetingsPrograms $5,891$5,891
IX-22 Depreciation, depletion and amortizationPrograms $104$104
IX-23 InsurancePrograms $882$882
IX-24 Other expenses (24a–d)Programs $40,778 · Fundraising $3,434$44,212
IX-24e All other expensesPrograms $1,561$1,561
IX-25 Total functional expensesPrograms $55,875 · Management $10,260 · Fundraising $3,434$69,569
Part X · Balance sheet $763,763 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $686,588$67,471
X-8 Inventories for sale or useStart of year $23,134$23,051
X-10c Land, buildings and equipment, netStart of year $273$104
X-11 Publicly traded securities$673,137
X-16 Total assetsStart of year $709,995$763,763
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $709,995$763,763
X-33 Total liabilities and net assetsStart of year $709,995$763,763
Part XI · Reconciliation of net assets $763,763 net assets at year end
XI-1 Total revenue$123,337
XI-2 Total expenses$69,569
XI-3 Revenue less expenses$53,768
XI-4 Net assets at start of year$709,995
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$763,763

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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