2024-07-15T03:01:38-00:00 2023-08-31 821650312 Alta CPA Group 59 Franklin St 2nd Floor Annapolis MD 21401 990 2022-09-01 526051766 ACADEMY ART MUSEUM INC % JENNIFER CHRZANOWSKI ACAD 4108222787 106 SOUTH STREET EASTON MD 21601 JENNIFER CHRZANOWSKI INTERIM DIRECTOR 4108222787 2024-07-15 true JENNIFER CHRZANOWSKI XXX-XX-XXXX Jeffrey Griffith P01081433 4103495101 2024-07-15 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER CHRZANOWSKI 106 SOUTH STREET EASTON MD 21601 2172776 false X WWW. ACADEMYARTMUSEUM.ORG X 1958 MD SEE SCH O 23 23 18 34 0 1028571 1435724 213348 211712 188732 263490 -28231 7863 1402420 1918789 0 0 824373 856102 0 254695 860809 1092515 1685182 1948617 -282762 -29828 11255379 11635129 126115 261598 11129264 11373531 X SEE SCH O false false 1100564 211712 ART APPRECIATION AND EDUCATION PROGRAMS-THE ACADEMY PRESENTS EXHIBITS, CONCERTS, EDUCATION, AND OTHER SIMILAR PROGRAMS TO THE GENERAL PUBLIC. 1100564 true true false false false false false true false true true false false false true true true false false false false false false true true false false false false true false false false false false false false false false false false false false false false false false true 75 0 true 18 true false false false false false false false false false false false false false X 23 23 false false false false false false false true true false false true true true true true true true false false MD X X JOE LECATES 4108222787 106 SOUTH ST EASTON MD 21601 SARAH JESSE EXECUTIVE DIRECTOR 040.00 X X 174581 0 3525 WILLIAM LECATES DIRECTOR OF FINANCE 040.00 X X 42172 0 0 NANNY TRIPPE CHAIR 001.00 X X 0 0 0 DONNA ALPI VICE CHAIR 001.00 X X 0 0 0 MARYLOU ARMSTRONG PETERS MEMBER 001.00 X 0 0 0 JEFFREY HUVELLE SECRETARY 001.00 X X 0 0 0 JIM HARRIS TREASURER 001.00 X X 0 0 0 BRENDA FIKE MEMBER 001.00 X 0 0 0 CRAIG FULLER MEMBER 001.00 X 0 0 0 SHELTON HAWKINS MEMBER 001.00 X 0 0 0 ELIZABETH HORMEL MEMBER 001.00 X 0 0 0 BARBARA LANE MEMBER 001.00 X 0 0 0 CHUCK MANGOLD JR MEMBER 001.00 X 0 0 0 CHRISTINE MARTIN MEMBER 001.00 X 0 0 0 ANTONIO MCAFEE MEMBER 001.00 X 0 0 0 JILL MEYERHOFF MEMBER 001.00 X 0 0 0 COURTNEY CLARK PASTRICK MEMBER 001.00 X 0 0 0 CHRISTOPHER SADLER MEMBER 001.00 X 0 0 0 MARY ANN SCHINDLER MEMBER 001.00 X 0 0 0 ANN SCULLY MEMBER 001.00 X 0 0 0 KAREN SHOOK MEMBER 001.00 X 0 0 0 BETH SPURRY MEMBER 001.00 X 0 0 0 PAIGE TILGHMAN MEMBER 001.00 X 0 0 0 ELIZABETH UNDERHILL MEMBER 001.00 X 0 0 0 J CHRISTOPHER WALSH MEMBER 001.00 X 0 0 0 216753 3525 1 false true false 75579 237942 430175 692028 1435724 ADMISSIONS 713990 52191 52191 SALES 713990 5943 5943 TUITION 713990 153578 153578 211712 203341 203341 7863 7863 7863 7863 219998 159849 60149 60149 60149 94138 237942 94138 1918789 219575 263490 0 0 0 0 237600 107090 95040 35470 0 504760 227142 201904 75714 18860 9430 7544 1886 39520 19648 15808 4064 55362 24913 22145 8304 0 15055 8645 4432 1978 9200 5283 2708 1209 0 22595 22595 288187 205399 66398 16390 15122 5877 9245 168451 78900 61815 27736 0 0 91324 41178 36470 13676 32921 18729 14192 0 0 536 536 0 221780 220000 1780 31335 12871 14174 4290 SUPPLIES AND MAINTENANCE 22243 11993 9093 1157 ARTWORK EXHIBIT EXPENSE 16728 16728 OFFICIAL ENTERTAINMENT 86038 21615 10847 53576 COLLECTION ITEMS PURCHASED 71000 71000 0 1948617 1100564 593358 254695 578859 493299 2945 3081 130447 76161 983 26496 22479 8030433 3696681 4095571 4333752 6411332 6631194 8746 75163 11255379 11635129 30059 43263 64915 102769 8791 7214 22350 108352 126115 261598 X 10055507 10379094 1073757 994437 11129264 11373531 11255379 11635129 -29828 274095 X false true X true false X 1252994 2561839 1045234 1028571 1197782 7086420 260544 186339 140147 213348 211712 1012090 1513538 2748178 1185381 1241919 1409494 8098510 668339 234988 268725 238276 315739 1726067 6719 116666 76907 134401 334693 675058 351654 345632 372677 315739 2060760 6037750 216852 150021 95588 218828 514990 1196279 0 216852 150021 95588 218828 514990 1196279 0 97727 58023 16600 10000 7863 190213 1828117 2956222 1297569 1470747 1932347 9485002 0.63660 0.61890 0.12610 0.06590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X EDUCATION false false 6225194 529084 282525 6471753 7382653 -929168 200000 28291 6225194 6337935 1170952 26234 7482653 4914699 1205000 587816 350213 19367 6337935 4967064 26553 158887 219462 18343 4914699 0.97000 0.03000 false false false 42742 42742 6785490 3574358 3211132 249886 9396 240490 920265 101799 818466 32050 11128 20922 4333752 Financial derivatives and other financial products Closely-held equity interests Federal income taxes REFUNDABLE ADVANCES 108352 108352 X 2170289 274095 274095 1896194 22595 22595 1918789 1855022 1855022 22595 71000 93595 1948617 X 2 THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION FOR INTERNAL REVENUE SERVICE PURPOSES. SUCH ORGANIZATIONS ARE TAXED ONLY ON UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED AUGUST 31, 2023, THE ORGANIZATION HAD NO ACTIVITIES THAT WERE CLASSIFIED AS UNRELATED BUSINESS INCOME. THE ORGANIZATIONS INFORMATIONAL RETURN FILINGS ARE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER FILING. III 1a TERMS FOR NOT REPORTING ASSETS PER SFAS 116 THE MUSEUMS PERMANENT COLLECTION CONSISTS OF WORKS OF ART HELD FOR EDUCATIONAL, EXHIBITION, AND RESEARCH PURPOSES. PIECES IN THE COLLECTION ARE CATALOGUED, PRESERVED, AND CARED FOR. ACTIVITIES TO BOTH INVENTORY AND ASSESS THEIR CONDITION ARE PERFORMED REGULARLY. THE COLLECTION IS SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THE SALE OF DEACCESSIONED ITEMS TO BE USED SOLELY FOR THE ACQUISITION OF OTHER OBJECTS FOR THE COLLECTION, IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS. THE COLLECTION, WHICH HAS BEEN ACQUIRED THROUGH CONTRIBUTIONS AND PURCHASES SINCE THE MUSEUMS INCEPTION, IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF ARTWORK FOR THE COLLECTION ARE RECORDED AS UNRESTRICTED EXPENSE IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS A RELEASE OF TEMPORARILY OR RESTRICTED NET ASSETS IF THE ASSETS TO PURCHASE THE ITEMS ARE SO RESTRICTED BY DONORS. CONTRIBUTED PERMANENT COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM SALES AND INSURANCE RECOVERIES ARE REFLECTED AS INCOME IN THE APPROPRIATE NET ASSET CLASS. V 4 THE INTENDED USE OF THE MUSEUMS ENDOWMENT FUNDS IS THE CONTINUED SUPPORT OF ITS EDUCATION AND ART PROGRAMS WITHIN THE MISSION OF THE MUSEUM. XII 4B COLLECTIONS ACQUISITIONS 71,000 X false FALL CRAFT SHOW 115186 94996 20190 6450 12714 1000 26 SPRING GALA 196859 127024 69835 23354 35992 3800 6689 20035 15922 4113 4113 332080 237942 94138 33917 48706 4800 6715 94138 X X false false false false false false false false false SARAH JESSE EXECUTIVE DIRECTOR 174581 3525 178106 Form 990, Part III, Line 1 THE MISSION OF THE ACADEMY ART MUSEUM IS TO PROMOTE THE KNOWLEDGE, PRACTICE, AND APPRECIATION OF THE ARTS AND TO ENHANCE CULTURAL LIFE ON THE EASTERN SHORE BY MAKING AVAILABLE TO EVERYONE THE MUSEUMS EXPANDING COLLECTION, EXHIBITIONS, AND BROAD SPECTRUM OF ARTS PROGRAMS. Form 990, Part VI, Line 11B DRAFTS OF THE 990 AND FINANCIAL STATEMENTS WERE DISTRIBUTED TO THE DIRECTOR, FINANCE DIRECTOR, BOARD OF TRUSTEES, AS WELL AS THE FINANCE COMMITTEE, FOR REVIEW AND APPROVAL PRIOR TO FILING. Form 990, Part VI, Line 12C THE ORGANIZATION REVIEWS THE POLICY WITH EACH EMPLOYEE DURING HIS OR HER ANNUAL PERFORMANCE REVIEW. EACH TRUSTEE IS PROVIDED A COPY OF THE CODE OF ETHICS WHICH ADDRESSES CONFLICTS OF INTEREST. Form 990, Part VI, Line 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WITH CAREFUL CONSIDERATION OF THE QUALITATIVE AND QUANTITATIVE SUCCESS OF THE ORGANIZATION AND COMPARISON WITH OTHER COMPARABLE LOCAL NON-PROFIT EXECUTIVE DIRECTOR COMPENSATION PACKAGES. Form 990, Part IV, Line 19 NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.