FORT WAYNE MUSEUM OF ART INC

EIN: 350953440 501(c)(3) Arts, Culture & Humanities

FORT WAYNE, IN

Total Revenue
$5,426,077
Total Expenses
$3,409,575
Total Assets
$16,299,424
Net Assets
$16,072,754
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
IN
Principal Officer
CHARLES A SHEPARD III
Phone
2604226467
Tax Period
2024-07-01 to 2025-06-30

FORT WAYNE MUSEUM OF ART INC, founded in 1921, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 37% operating margin.

Mission

THE FORT WAYNE MUSEUM OF ART WILL COLLECT, PRESERVE AND PRESENT AMERICAN AND RELATED ART TO ENGAGE AND EDUCATE BROAD AND DIVERSE AUDIENCES THROUGHOUT THE REGION AND ADD VALUE TO THEIR LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,669,233
Program Service Revenue $145,463
Investment Income $1,510,055
Other Revenue $101,326
TOTAL REVENUE $5,426,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,730,949
Fundraising Expenses $350,587
Program Expenses $2,386,106
Other Expenses $1,678,626
TOTAL EXPENSES $3,409,575

Year-over-Year Comparison

2024 2023 Change
Revenue $5,426,077 $2,366,079 +1.3%
Expenses $3,409,575 $3,074,972 +0.1%
Net Income $2,016,502 $-708,893 -3.8%
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
28
Independent Members
28
Employees
40
Volunteers
100

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
5
$212,491
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES A SHEPARD III PRESIDENT & 40.00
Officer
$201,055 $11,436 $212,491
CHRISTINE SWIFT CHAIR 1.00
Officer Director
$0 $0 $0
JILL KINDER VICE CHAIR 1.00
Officer Director
$0 $0 $0
NANCY STEWART SECRETARY 1.00
Officer Director
$0 $0 $0
JORDAN KEIL TREASURER 1.00
Officer Director
$0 $0 $0
RANDY BROWN TRUSTEE 1.00
Director
$0 $0 $0
SHARON EISBART TRUSTEE 1.00
Director
$0 $0 $0
SUZIE EMLEY TRUSTEE 1.00
Director
$0 $0 $0
MELANIE GEARHART TRUSTEE 1.00
Director
$0 $0 $0
SEA GRANDON TRUSTEE 1.00
Director
$0 $0 $0
JANET GREENLEE ROE TRUSTEE 1.00
Director
$0 $0 $0
NISHANTHA GUNAWARDENA TRUSTEE 1.00
Director
$0 $0 $0
MEDINA HABIBIC TRUSTEE 1.00
Director
$0 $0 $0
CLAYTON JENNINGS TRUSTEE 1.00
Director
$0 $0 $0
JEFF JUAREZ TRUSTEE 1.00
Director
$0 $0 $0
CASEY KEIRN TRUSTEE 1.00
Director
$0 $0 $0
TINA KOENEMANN TRUSTEE 1.00
Director
$0 $0 $0
RACHEL LOECHNER TRUSTEE 1.00
Director
$0 $0 $0
COLIN MADDEN TRUSTEE 1.00
Director
$0 $0 $0
KYLA MADISON TRUSTEE 1.00
Director
$0 $0 $0
MARY MOORE TRUSTEE 1.00
Director
$0 $0 $0
PAT PASTERICK TRUSTEE 1.00
Director
$0 $0 $0
STEVE PIEKARSKI TRUSTEE 1.00
Director
$0 $0 $0
JEFF RADKE TRUSTEE 1.00
Director
$0 $0 $0
SHELLY RHOADES TRUSTEE 1.00
Director
$0 $0 $0
JOSH RIIKONEN TRUSTEE 1.00
Director
$0 $0 $0
MATT SCHIEBEL TRUSTEE 1.00
Director
$0 $0 $0
SUSAN TRENT TRUSTEE 1.00
Director
$0 $0 $0
JASON WAGNER TRUSTEE 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
2025 $5,426,077 $3,409,575 $16,299,424 $2,016,502
2024 $2,366,079 $3,074,972 $14,815,664 $-708,893
2023 $3,163,959 $2,935,121 $14,777,099 $228,838
2022 $4,976,518 $2,980,122 $14,143,825 $1,996,396
2021 $2,838,599 $2,601,923 $13,868,779 $236,676
2020 $2,088,048 $2,517,805 $12,752,143 $-429,757
2019 $3,201,708 $2,714,329 $13,060,868 $487,379
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