Nonprofit · EIN 23-7337495
ARKANSAS MUSEUM OF FINE ARTS FOUNDATION
Tax-exempt · LITTLE ROCK, AR 72202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,225,664 | $9,575,741 | -$1,350,077 | $68,443,256 | $6,778,911 | $61,664,345 |
| December 31, 2023 | 990 | $15,980,505 | $23,766,934 | -$7,786,429 | $65,509,682 | $4,794,274 | $60,715,408 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,133,757
- of which government grants
- $66,720
- Program service revenue
- $0
- Investment income
- $3,100,680
- Net gain from sales of assets
- $553,918
- Other revenue
- -$8,773
Expenses
- Grants and similar amounts paid
- $6,857,929
- Other salaries and wages
- $1,126,014
- Salaries, compensation and benefits (total)
- $1,126,014
- Professional fundraising fees
- $0
- Legal fees
- $494
- Accounting fees
- $35,750
- Program services (functional)
- $9,575,741
Balance sheet and other
- Total assets, start of year
- $65,509,682
- Total assets, end of year
- $68,443,256
- Total liabilities, end of year
- $6,778,911
- Net assets, end of year
- $61,664,345
- Net assets without donor restrictions
- $38,206,014
- Net assets with donor restrictions
- $23,458,331
- Gross unrelated business income
- -$7,697
- Gross receipts
- $20,166,339
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1972
- State of legal domicile
- AR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| VICTORIA RAMIREZ | SECRETARY Trustee or director, Officer | 0.3 | $0 | $316,112 |
| WARREN STEPHENS | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| GEORGE O'CONNOR | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| BEN HUSSMAN | VICE - CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| CLAIBORNE DEMING | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ROBERT TUCKER | PAST CHAIR Trustee or director, Officer | 0.3 | $0 | $0 |
| JOHN ED ANTHONY | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| HARRIET STEPHENS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| TERRI ERWIN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MICHAEL MAYTON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| VICTORIA RAMIREZ | SECRETARY Trustee or director, Officer | 0.3 | $0 | $294,419 |
| WARREN STEPHENS | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| GEORGE O'CONNOR | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| BEN HUSSMAN | VICE - CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| CLAIBORNE DEMING | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ROBERT TUCKER | PAST CHAIR Trustee or director, Officer | 0.3 | $0 | $0 |
| JOHN ED ANTHONY | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| HARRIET STEPHENS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| TERRI ERWIN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MICHAEL MAYTON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 E 9TH ST, LITTLE ROCK, AR 72202-3997
- Principal officer (990 for 2024)
- DR VICTORIA RAMIREZ, 501 EAST NINTH STREET, LITTLE ROCK, AR 72202
- Signed the 990
- LAINE HARBER, DEPUTY DIRECTOR/CFO
- Phone
- (501) 372-4000
- Website
- WWW.ARKMFA.ORG
- Return prepared by
- HOGANTAYLOR LLP
Mission
THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION WAS CREATED BY THE ARKANSAS MUSEUM OF FINE ARTS IN 1972 TO MANAGE AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF THE MUSEUM AND TO HOLD LEGAL TITLE TO THE COLLECTION OF ART OBJECTS.
Program accomplishments
- THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION'S MISSION IS TO SUPPORT THE OPERATION OF AND TO PROVIDE A STABLE SOURCE OF INCOME TO THE ARKANSAS MUSEUM OF FINE ARTS.Expenses $9,575,741 · grants $6,857,929
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7337495
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A110)
- Assets (IRS master file)
- $68,443,256
- Income (IRS master file)
- $20,166,339
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,225,664 | $9,575,741 | $68,443,256 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $15,980,505 | $23,766,934 | $65,509,682 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $14,055,557 | $28,764,737 | $69,331,609 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7337495).
Questions about ARKANSAS MUSEUM OF FINE ARTS FOUNDATION
- What is the EIN of ARKANSAS MUSEUM OF FINE ARTS FOUNDATION?
- The employer identification number (EIN) of ARKANSAS MUSEUM OF FINE ARTS FOUNDATION is 23-7337495.
- Is ARKANSAS MUSEUM OF FINE ARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to ARKANSAS MUSEUM OF FINE ARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARKANSAS MUSEUM OF FINE ARTS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARKANSAS MUSEUM OF FINE ARTS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARKANSAS MUSEUM OF FINE ARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ARKANSAS MUSEUM OF FINE ARTS FOUNDATION?
- The 990 for the year ended December 31, 2024 names DR VICTORIA RAMIREZ.
- Who are the officers and directors of ARKANSAS MUSEUM OF FINE ARTS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does ARKANSAS MUSEUM OF FINE ARTS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,225,664, expenses of $9,575,741 and total assets of $68,443,256 at year end.
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All nonprofits in LITTLE ROCK · Arkansas · Arts, culture and humanities