Cedar Rapids Museum Of Art in Cedar Rapids, Iowa (IA)

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Cedar Rapids Museum Of Art
Employer Identification Number (EIN)420680248
Name of OrganizationCedar Rapids Museum Of Art
Address410 3rd Ave Se, Cedar Rapids, IA 52401-1606
ActivitiesOther cultural or historical activities
SubsectionCharitable Organization, Educational Organization
Ruling Date03/1951
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$24,312,159
Amount of Income$1,667,201
Form 990 Revenue Amount$1,219,752
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Art Museums


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Amount of income in 2014: $1,667,201 (it was $3,343,469 in 2013)
Cedar Rapids Museum Of Art: 

 $1,667,201
Other organizations performing similar types of work: 

 $1,258,505

Assets in 2014: $24,312,159 (it was $23,616,618 in 2013)
This organization: 

 $24,312,159
Other organizations performing similar types of work: 

 $4,746,079

Expenses in 2013: $1,417,614
This organization: 

 $1,417,614
Other organizations performing similar types of work: 

 $906,066

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.3

Number of employees in 2013: 24
This organization: 

 24
Other organizations performing similar types of work: 

 29

Employees paid over $100,000 in 2013: 4.2%
Cedar Rapids Museum Of Art: 

 4.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 89.0%
Cedar Rapids Museum Of Art: 

 89.0%
Other organizations performing similar types of work: 

 64.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?Yes
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?Yes
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?Yes
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109611
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return24
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$112,133
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$9,560
Total number of individuals who received more than $100,000 of reportable compensation from the organization1
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
201120122013
Total revenue$2,472,559$1,245,730$2,011,434
Contributions, Gifts, Grants and Other Similar Amounts$2,082,214$860,868$1,789,862
Program Service Revenue$122,385$106,449$95,810
900099$53,401
532000$23,253
900099$19,156
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$107,235$126,024$144,344
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$33,919$3,777$-45,379
Gross amount from sales of assets other than inventory (Securities / Other)$789,395 / $0$1,149,365 / $0$1,248,390 / $0
Less: cost or other basis and sales expenses (Securities / Other)$755,476 / $0$1,145,588 / $0$1,293,769 / $0
Gain or (loss) (Securities / Other)$33,919 / $0$3,777 / $0$-45,379 / $0
Net income/loss from fundraising events$35,707$117,706$2,942
Gross income from fundraising events$61,269$129,303$15,980
Less: direct expenses$25,562$11,597$13,038
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$25,544$30,906$23,855
Gross sales of inventory, less returns and allowances$58,036$55,193$49,083
Less: cost of goods sold$32,492$24,287$25,228
Miscellaneous Revenue$65,555$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$1,340,514$1,463,808$1,417,614
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$118,254$120,306$122,994
Compensation not included above, to disqualified persons$0
Other salaries and wages$436,129$431,991$375,055
Pension plan accruals and contributions$0
Other employee benefits$54,620
Payroll taxes$39,936$39,413$35,846
Fees for services (non-employees)
Management$0
Legal$0
Accounting$37,019
Lobbying$0
Professional fundraising services$0$0$0
Investment management fees$76
Other$33,029
Advertising and promotion$24,654
Office expenses$111,321
Information technology$0
Royalties$0
Occupancy$245,283
Travel$10,514
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$0
Interest$0
Payments to affiliates$0
Depreciation, depletion, and amortization$297,071
Insurance$14,036
Other expenses$21,211
Other expenses$18,050
Other expenses$9,527
Other expenses$7,293
Other expenses$15
Balance Sheet
201120122013
Total assets$23,086,561$22,655,752$23,616,618
Cash - non-interest-bearing$235,857
Savings and temporary cash investments$378,602
Pledges and grants receivable, net$2,183,023
Accounts receivable, net$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$65,250
Prepaid expenses and deferred charges$13,606
Land, buildings, and equipment: cost or other basis$5,456,038
Investments - publicly traded securities$4,033,481
Investments - other securities$182,237
Investments - program-related$10,772,223
Intangible assets$0
Other assets$296,301
Total liabilities$139,520$127,493$109,698
Accounts payable and accrued expenses$29,118
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$110,528$95,921$80,580
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0
Total net assets or fund balances$22,947,041$22,528,259$23,506,920
Unrestricted net assets$16,433,188
Temporarily restricted net assets$3,292,443
Permanently restricted net assets$3,781,289
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$6,544,113
Subtotal Support$7,758,732
Gifts, grants, contributions, and membership fees received$7,440,932
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$317,800
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$1,214,619
Total Support$8,770,757
Public Support$7,758,732
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$542,659
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$469,366
Gross receipts from related activities, etc.$989,688
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Edmundson Art Foundation Inc4700 Grand Ave, Des Moines, IA 50312-2002IA1949-03$6,815,066
2The Columbus Museum Inc1251 Wynnton Rd, Columbus, GA 31906-2810GA1954-11$14,747,840
3Salvador Dali Museum Inc1 Dali Blvd, St Petersburg, FL 33701-3920FL1981-05$11,121,580
4Tampa Museum Of Art Inc120 W Gasparilla Plz, Tampa, FL 33602-1500FL1979-11$3,977,936
5Tucson Museum Of Art140 N Main Ave, Tucson, AZ 85701-8218AZ1956-02$3,890,252
6The Mobile Museum Of Art Inc4850 Museum Dr, Mobile, AL 36608-1917AL1996-02$3,749,971
7The American Visionary Art Museum Inc800 Key Hwy, Baltimore, MD 21230-3940MD1994-05$3,006,291
8Washington County Museum Of Fine ArtsPO BOX 423, Hagerstown, MD 21741-0423MD1947-07$2,359,715
9Thomas Gilcrease Museum Association1400 Gilcrease Rd, Tulsa, OK 74127OK1963-12$2,320,560
10The Museum Of Art And History At The Mcpherson Center705 Front St, Santa Cruz, CA 95060-4508CA1983-01$2,185,542
11Santa Monica Museum Of Art2525 Michigan Ave Bergamot Stn G1, Santa Monica, CA 90404CA1985-12$2,005,551
12San Angelo Museum Of Fine Arts1 Love St, San Angelo, TX 76903-6911TX1981-10$1,940,240
13Racine Art Museum Association IncPO BOX 187, Racine, WI 53401-0187WI1949-02$1,897,420
14Triple Aught FoundationPO BOX 33, Hiko, NV 89017NV1998-11$1,692,629
15Cedar Rapids Museum Of Art410 3rd Ave Se, Cedar Rapids, IA 52401-1606IA1951-03$1,667,201
16Springville Museum Of Art126 E 400 S, Springville, UT 84663-1953UT1982-04$1,590,162
17Storefront For Art And Architecture Inc97 Kenmare St, New York, NY 10012-4506NY1989-07$1,556,586
18Tyler Museum Of Art1300 S Mahon Ave, Tyler, TX 75701-3438TX1968-07$1,526,222
19Krasl Art Center Inc707 Lake Blvd, St Joseph, MI 49085-1313MI1971-06$1,258,505
20Central Iowa Art Association709 S Center Street, Marshalltown, IA 50158IA1968-02$50,105
Number of organizations performing similar types of work
Alaska1
Alabama8
Arizona5
California42
Colorado5
Connecticut7
District of Columbia6
Delaware2
Florida21
Georgia8
Hawaii2
Iowa3
Idaho1
Illinois7
Indiana11
Kansas2
Kentucky3
Louisiana6
Massachusetts17
Maryland7
Maine6
Michigan7
Minnesota8
Missouri4
Mississippi4
Montana7
North Carolina16
North Dakota2
Nebraska2
New Hampshire1
New Jersey3
New Mexico2
Nevada3
New York32
Ohio17
Oklahoma5
Oregon4
Pennsylvania12
Rhode Island5
South Carolina4
Tennessee6
Texas23
Utah1
Virginia9
Vermont3
Washington8
Wisconsin6
West Virginia1
Wyoming1
International2
Total368

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