Nonprofit · EIN 88-2160449
VERO BEACH MUSEUM OF ART FOUNDATION
Tax-exempt · VERO BEACH, FL 32963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,200,019 | $1,683,812 | $2,516,207 | $46,178,190 | $392,653 | $45,785,537 |
| June 30, 2024 | 990 | $5,068,515 | $1,148,590 | $3,919,925 | $41,259,250 | $383,112 | $40,876,138 |
| June 30, 2023 | 990-EZ | $0 | $0 | $0 | $0 | $0 | $0 |
| June 30, 2022 | 990-EZ | $0 | $0 | $0 | $0 | $0 | $0 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,647,218
- Program service revenue
- $0
- Investment income
- $2,552,801
- Net gain from sales of assets
- $1,016,557
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,560,992
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,083
- Accounting fees
- $13,350
- Program services (functional)
- $1,560,992
- Management and general (functional)
- $122,820
Balance sheet and other
- Total assets, start of year
- $41,259,250
- Total assets, end of year
- $46,178,190
- Total liabilities, end of year
- $392,653
- Net assets, end of year
- $45,785,537
- Publicly traded securities
- $44,596,297
- Net assets without donor restrictions
- $6,019,274
- Net assets with donor restrictions
- $39,766,263
- Gross receipts
- $23,841,275
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2022
- State of legal domicile
- FL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY HART | CHAIR Trustee or director | 1 | $0 |
| THOMAS PIPER | DIRECTOR Trustee or director | 1 | $0 |
| HARVEY STRUTHERS | TREASURER Trustee or director | 1 | $0 |
| MICHAEL HOBEN | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| DOUG TANSILL | SECRETARY Trustee or director | 1 | $0 |
| STEPHEN COLEY | VICE CHAIR Trustee or director | 1 | $0 |
| VJ DOWLING | DIRECTOR Trustee or director | 1 | $0 |
| LISA BULLOCK | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY HART | CHAIR Trustee or director | 1 | $0 |
| THOMAS PIPER | DIRECTOR Trustee or director | 1 | $0 |
| HARVEY STRUTHERS | TREASURER Trustee or director | 1 | $0 |
| MICHAEL HOBEN | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| DOUG TANSILL | SECRETARY Trustee or director | 1 | $0 |
| STEPHEN COLEY | VICE CHAIR Trustee or director | 1 | $0 |
| RONALD MCGLYNN | DIRECTOR Trustee or director | 1 | $0 |
| LISA BULLOCK | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY HART | CHAIR | 1 | $0 |
| THOMAS PIPER | DIRECTOR | 1 | $0 |
| HARVEY STRUTHERS | TREASURER | 1 | $0 |
| MICHAEL HOBEN | DIRECTOR | 1 | $0 |
| TRACY SORZANO | DIRECTOR | 1 | $0 |
| BRADLEY ANDERSON | DIRECTOR | 1 | $0 |
| DOUG TANSILL | SECRETARY | 1 | $0 |
| STEPHEN COLEY | VICE CHAIR | 1 | $0 |
| RONALD MCGLYNN | DIRECTOR | 1 | $0 |
| LISA BULLOCK | DIRECTOR | 1 | $0 |
990-EZ for the year ended June 30, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY HART | CHAIR | 1 | $0 |
| THOMAS PIPER | DIRECTOR | 1 | $0 |
| HARVEY STRUTHERS | TREASURER | 1 | $0 |
| MICHAEL HOBEN | SECRETARY | 1 | $0 |
| TRACY SORZANO | DIRECTOR | 1 | $0 |
| BRADLEY ANDERSON | VICE CHAIR | 1 | $0 |
| DOUG TANSILL | DIRECTOR | 1 | $0 |
| STEPHEN COLEY | DIRECTOR | 1 | $0 |
| RONALD MCGLYNN | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3001 RIVERSIDE PARK DR, VERO BEACH, FL 32963-1874
- In care of
- % MOLLY BUTLER HART
- Principal officer (990 for 2024)
- MOLLY HART, 3001 RIVERSIDE PARK DRIVE, VERO BEACH, FL 32963
- Signed the 990
- MOLLY HART, CHAIR
- Phone
- (772) 231-0707
- Return prepared by
- JACOBY AND HANDLEY PLLC
Mission
SEE RESPONSE TO FORM 990, PAGE 1, LINE 1.
Program accomplishments
- TO RAISE AND MAINTAIN AN ENDOWMENT FUND FOR THE VERO BEACH MUSEUM OF ART, INC., AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, ID# 59-1867408Expenses $1,560,992 · grants $1,560,992
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 88-2160449
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50)
- Assets (IRS master file)
- $46,178,190
- Income (IRS master file)
- $23,841,275
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,200,019 | $1,683,812 | $46,178,190 | IRS |
| 990 | June 2024 | $5,068,515 | $1,148,590 | $41,259,250 | IRS |
| 990-EZ | June 2023 | $0 | $0 | $0 | XML |
| 990-EZ | June 2022 | $0 | $0 | $0 | XML |
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 88-2160449).
Questions about VERO BEACH MUSEUM OF ART FOUNDATION
- What is the EIN of VERO BEACH MUSEUM OF ART FOUNDATION?
- The employer identification number (EIN) of VERO BEACH MUSEUM OF ART FOUNDATION is 88-2160449.
- Is VERO BEACH MUSEUM OF ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to VERO BEACH MUSEUM OF ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VERO BEACH MUSEUM OF ART 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 VERO BEACH MUSEUM OF ART FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERO BEACH MUSEUM OF ART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERO BEACH MUSEUM OF ART FOUNDATION?
- The 990 for the year ended June 30, 2025 names MOLLY HART.
- Who are the officers and directors of VERO BEACH MUSEUM OF ART FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does VERO BEACH MUSEUM OF ART FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,200,019, expenses of $1,683,812 and total assets of $46,178,190 at year end.
Other nonprofits in VERO BEACH
- VERO BEACH MUSEUM OF ART INC EIN 59-1867408 · last filed 990 for 2025
- RIVERSIDE THEATRE INC EIN 59-1764305 · last filed 990 for 2025
- ATLANTIC CLASSICAL ORCHESTRA INC EIN 65-0307858 · last filed 990 for 2025
- VERO BEACH OPERA INC EIN 59-2883286 · last filed 990 for 2026
- THE GIFFORD FLORDIA YOUTH ORCHESTRA EIN 80-0605983 · last filed 990 for 2024
- BALLET VERO BEACH INC EIN 46-1513558 · last filed 990 for 2025
- VETERANS COUNCIL OF INDIAN RIVER COUNTY EIN 59-2970832 · last filed 990 for 2025
- INDIAN RIVER SYMPHONIC ASSOCIATION INC EIN 65-0441009 · last filed 990 for 2026
All nonprofits in VERO BEACH · Florida · Arts, culture and humanities