MUSEUM OF ART OGUNQUIT D/B/A OGUNQUIT MUSEUM OF ART

EIN: 016010628 501(c)(3) Arts, Culture & Humanities

OGUNQUIT, ME

Total Revenue
$1,458,704
Total Expenses
$1,269,108
Total Assets
$4,386,528
Net Assets
$3,684,172
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
ME
Principal Officer
KARYN MORIN
Phone
2076464909
Tax Period
2023-01-01 to 2023-12-31

MUSEUM OF ART OGUNQUIT D/B/A OGUNQUIT MUSEUM OF ART, founded in 1951, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 13% surplus.

Mission

THE OGUNQUIT MUSEUM OF AMERICAN ART ENGAGES AND EDUCATES A DIVERSE AUDIENCE BY COLLECTING, EXHIBITING, PRESERVING AND INTREPRETING AMERICAN ART FROM THE 19TH CENTURY TO THE PRESENT. THE MUSEUM INCORPORATES ITS UNIQUE ARTISTIC HERITAGE AND SETTING TO ENHANCE THE VISITORS ENJOYMENT AND UNDERSTANDING OF ART.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $910,887
Program Service Revenue $167,314
Investment Income $73,914
Other Revenue $306,589
TOTAL REVENUE $1,458,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $506,130
Fundraising Expenses $222,851
Program Expenses $598,687
Other Expenses $762,978
TOTAL EXPENSES $1,269,108

Year-over-Year Comparison

2023 2022 Change
Revenue $1,458,704 $1,435,593 +0.0%
Expenses $1,269,108 $1,028,491 +0.2%
Net Income $189,596 $407,102 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
21
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BENEFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL LEARY PHD PRESIDENT 4.00
Director
$0 $0 $0
JOHN SHAPIRO BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLEY BENECCHI BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH CUTLER BOARD MEMBER 1.00
Director
$0 $0 $0
ALLYSON M CAVARETTA SECRETARY 2.00
Director
$0 $0 $0
PAMELA SAWYER BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD J NEWBERRY ESQ VICE PRESIDENT 2.00
Director
$0 $0 $0
KARYN SCHARF MORIN TREASURER 2.00
Director
$0 $0 $0
CHARLES SMITH MD BOARD MEMBER 1.00
Director
$0 $0 $0
ANNIE DE COSSY FORSYTH BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY HENRY BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA FENNEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAVIER MARIN BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP MORGAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANN RAMSAY-JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
COLIN MARCH BOARD MEMBER 1.00
Director
$0 $0 $0
MATT MCTIGHE BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY RAMSEY BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,458,704 $1,269,108 $4,386,528 $189,596
2022 $1,435,593 $1,028,491 $3,777,215 $407,102
2021 $1,240,153 $861,334 $3,324,529 $378,819
2020 $747,578 $908,740 $2,745,850 $-161,162
2019 $1,696,337 $938,816 $2,836,836 $757,521
2018 $965,394 $990,747 $2,164,156 $-25,353
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