2025-07-15T04:31:25-00:00 2024-08-31 821650312 Alta CPA Group 59 Franklin St 2nd Floor Annapolis MD 21401 990 2023-09-01 526051766 ACADEMY ART MUSEUM INC ACAD 4108222787 106 SOUTH STREET EASTON MD 21601 CHARLOTTE KASIC EXECUTIVE DIRECTOR 4108222787 2025-07-15 true Jeffrey Griffith P01081433 4103495101 2025-07-15 2023 2025-03-06 01:10:19Z DONNA ALPI 106 SOUTH STREET EASTON MD 21601 3104689 false X WWW. ACADEMYARTMUSEUM.ORG X 1958 MD SEE SCH O 24 24 17 20 0 1435724 1658967 211712 247701 263490 872439 7863 14395 1918789 2793502 0 0 856102 656692 0 257129 1092515 1218415 1948617 1875107 -29828 918395 11635129 12602247 261598 130581 11373531 12471666 X SEE SCH O false false 1025388 247701 ART APPRECIATION AND EDUCATION PROGRAMS-THE ACADEMY PRESENTS EXHIBITS, CONCERTS, EDUCATION, AND OTHER SIMILAR PROGRAMS TO THE GENERAL PUBLIC. 1025388 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 92 0 true 17 true false false false false false false false false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true false false MD X X KAREN ORR 4108222787 106 SOUTH STREET EASTON MD 21601 SARAH JESSE EXECUTIVE DIRECTOR 040.00 X X 187273 0 5764 JENNIFER CHRZANOWSKI INTERIM EXECUTIVE DIRECTOR 040.00 X 65549 0 0 WILLIAM LECATES DIRECTOR OF FINANCE 040.00 X X 41525 0 0 DONNA ALPI CHAIR 001.00 X X 0 0 0 CHRISTINE MARTIN VICE CHAIR 001.00 X X 0 0 0 MARYLOU ARMSTRONG PETERS MEMBER 001.00 X 0 0 0 CHUCK MANGOLD JR 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 SUE BREDEKAMP 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 SANDY CARDIN MEMBER 001.00 X 0 0 0 RONALD FLOHR MEMBER 001.00 X 0 0 0 ROBERT FOGARTY MEMBER 001.00 X 0 0 0 JAZMINE GIBSON MEMBER 001.00 X 0 0 0 DENISE GRANT MEMBER 001.00 X 0 0 0 VICTORIA GOMEZ LOZANO MEMBER 001.00 X 0 0 0 CHRISTOPHER SADLER MEMBER 001.00 X 0 0 0 JOANNE LUKENS 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 HOLLY TOWNSEND MEMBER 001.00 X 0 0 0 DANIEL WEISS MEMBER 001.00 X 0 0 0 J CHRISTOPHER WALSH MEMBER 001.00 X 0 0 0 DONALD WOOTERS MEMBER 001.00 X 0 0 0 294347 5764 1 true true false 76281 143330 251627 1187729 1658967 ADMISSIONS 713990 64407 64407 SALES 713990 42008 42008 TUITION 713990 141286 141286 247701 148741 148741 14395 14395 14395 14395 944379 220681 723698 723698 723698 90506 143330 90506 2793502 262096 872439 X 0 0 0 0 117577 53098 47030 17449 0 472019 212408 188808 70803 3868 1934 1547 387 22222 10654 8889 2679 41006 18453 16402 6151 0 0 83177 29027 42765 11385 0 19852 19852 313424 180804 104737 27883 12504 4860 7644 208757 106240 69999 32518 10918 3811 5613 1494 0 92553 41649 37021 13883 40588 35551 2014 3023 0 0 395 395 0 221817 220000 1817 35298 15884 14119 5295 SUPPLIES AND MAINTENANCE 25313 24156 1157 ARTWORK EXHIBIT EXPENSE 39102 39102 OFFICIAL ENTERTAINMENT 77107 19163 2566 55378 COLLECTION ITEMS PURCHASED 37610 37610 0 1875107 1025388 592590 257129 493299 307346 3081 3245 76161 413779 22479 42844 8247068 3916681 4333752 4330387 6631194 7416191 75163 88455 11635129 12602247 43263 65316 102769 58569 7214 5496 108352 1200 261598 130581 X 10379094 11647369 994437 824297 11373531 12471666 11635129 12602247 918395 179740 X false true X true false X 2561839 1045234 1028571 1197782 1515637 7349063 186339 140147 213348 211712 247701 999247 2748178 1185381 1241919 1409494 1763338 8348310 234988 268725 238276 315739 1057728 116666 76907 134401 327974 351654 345632 372677 315739 1385702 6962608 150021 95588 218828 514990 979427 0 150021 95588 218828 514990 979427 0 58023 16600 10000 7863 14395 106881 2956222 1297569 1470747 1932347 1777733 9434618 0.73800 0.63660 0.10380 0.12610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X EDUCATION false false 6471753 200218 1048413 366500 26368 7327516 6225194 529084 282525 6471753 7382653 -929168 200000 28291 6225194 6337935 1170952 26234 7482653 4914699 1205000 587816 350213 19367 6337935 0.97000 0.03000 false false false 42742 42742 6785490 3735685 3049805 270224 21932 248292 922520 137252 785268 226092 21812 204280 4330387 Financial derivatives and other financial products Closely-held equity interests Federal income taxes REFUNDABLE ADVANCES 1200 1200 X 2953390 179740 179740 2773650 19852 19852 2793502 1817645 1817645 19852 37610 57462 1875107 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, 2024, 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 COLLECTION ACQUISITIONS 37,610 X false CRAFT SHOW 118393 100610 17783 4448 12985 150 200 GALA 94943 26120 68823 24897 43226 700 1 20500 16600 3900 250 3650 233836 143330 90506 29345 56211 400 4550 90506 X X false false false false false false false false false SARAH JESSE EXECUTIVE DIRECTOR 187273 5764 193037 WILLIAM LECATES DIRECTOR OF FINANCE 41525 41525 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. Form 990, Part IX, Line 11G PROFESSIONAL FEES - 203,712, ARTIST FEES - 29,621, INSTRUCTORS FEES - 80,091