MUSKEGON MUSEUM OF ART FOUNDATION

EIN: 383402560 501(c)(3) Philanthropy & Grantmaking

MUSKEGON, MI

Total Revenue
$2,698,580
Total Expenses
$1,920,896
Total Assets
$22,515,826
Net Assets
$19,837,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MI
Principal Officer
FRANK BEDNAREK
Phone
2317202573
Tax Period
2023-07-01 to 2024-06-30

MUSKEGON MUSEUM OF ART FOUNDATION, founded in 1984, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $778K, a strong 29% operating margin.

Mission

THE MUSKEGON MUSEUM OF ART FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO PROMOTE UNDERSTANDING, EDUCATION, AND ENJOYMENT OF FINE ART TO THE CITIZENS OF MUSKEGON COUNTY AND ALL OF WEST MICHIGAN.

Program Service Accomplishments

Program 1
Expenses: $1,458,612 Revenue: $313,350

BELOW IS A SUMMARY OF THE PROGRAM SERVICES ADMINISTERED BY MMAF. COLLECTIONS: THE MUSKEGON MUSEUM OF ART THROUGH ITS GOVERNING BOARDS, STAFF, AND VOLUNTEERS, IS COMMITTED TO COLLECTING, PRESERVING...

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BELOW IS A SUMMARY OF THE PROGRAM SERVICES ADMINISTERED BY MMAF. COLLECTIONS: THE MUSKEGON MUSEUM OF ART THROUGH ITS GOVERNING BOARDS, STAFF, AND VOLUNTEERS, IS COMMITTED TO COLLECTING, PRESERVING, AND INTERPRETING ITS ART COLLECTIONS FOR THE BENEFIT OF CURRENT AND FUTURE GENERATIONS. THIS PROGRAM SERVICE INCLUDES CURATORIAL RESEARCH AND OVERSIGHT, COLLECTIONS MANAGEMENT, AND ACQUISITION AND DEACQUISITION ACTIVITIES, NEW ACQUISITIONS ARE ACQUIRED THAT ENHANCE BOTH THE CURRENT MAKE-UP OF THE COLLECTION AND THAT ADVANCE OUR MISSION AS ESTABLISHED IN THE VISION AND MISSION STATEMENTS OF THE INSTITUTION. EXHIBITIONS: THE MUSEUM IS DEDICATED TO THE CONTINUAL AND ROATING DISPLAY OF THE PERMANENT COLLECTION AND THE INSTALLATION OF TEMPORARY EXHIBITIONS, FEARTURING BOTH THE PERMANENT COLLECTIONS AND WORKS FROM OTHER SOURCES. EXHIBITIONS ARE DEVELOPED TO CELEBRATE AND EXPAND THE UNDERSTANDING OF THE MUSEUM'S PERMANENT COLLECTION BY REINFORCING ITS VALUE, BUILDING SUPPORTING SCHOLARSHIP, AND DEMONSTRATING ITS LINKS BETWEEN THE PAST AND PRESENT. EDUCATION: THE EDUCATIONAL PROGRAMS DEVELOPED BY THE MUSKEGON MUSEUM OF ART ARE A CRITICAL TOOL FOR ADDRESSING OUR MISSION GOALS OF PROVIDING EDUCATIONAL OPPORTUNITIES AND ENGAGEMENT, BUILDING AN ENVIRONMNET FOR CREATIVE EXPRESSION AND STIMULATION, AND CONTRIBUTING TO COMMUNITY ENRICHMENT. EDUCATION PROGRAMS ALSO FACILITATE AND ENCOURAGE A STRONG MUSEUM CONNECTION WITH THE REGION, BUILDS MEMBERSHIP, INCREASES COMMUNITY INVOLVEMNET, AND PROVIDES ACCESSIBILITY TO A WIDE RANGE OF GROUPS, AGES, AND CULTURES. IT IS THROUGH PROGRAMMING THAT THE MUSEUM IS ABLE TO CONNECT DIRECTLY WITH ITS AUDIENCES, ENHANCING AND BUILDING UPON THE VISUAL EXPERIENCE PROVIDED IN THE GALLERIES. FACILITIES: THE MUSKEGON MUSEUM OF ART IS COMMITTED TO ITS ROLE AS STEWARD AND CARETAKER OF THE HISTORIC 1912 BUILDING IN WHICH IT IS LOCATED. PROGRAM SERVICES RELATED TO FACILITIES INCLUDES CUSTODIAL AND MAINTENANCE FUNCTIONS AND EXPENSES AS WELL AS ALL SECURITY COSTS ASSOCIATED WITH PROTECTING BOTH THE ART AND THE FACILITY IN A SAFE AND PROTECTIVE MANNER. GIFT SHOP: THE MUSKEGON MUSEUM OF ART OPERATES A GIFT SHOP THAT CARRIES ARTIST CONSIGNMENT GOODS AND PRODUCTS AND BOOKS RELATED TO THE PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,613,503
Program Service Revenue $313,350
Investment Income $365,889
Other Revenue $405,838
TOTAL REVENUE $2,698,580

Expense Breakdown

Grants Paid $0
Salaries & Benefits $988,213
Fundraising Expenses $170,475
Program Expenses $1,458,612
Other Expenses $932,683
TOTAL EXPENSES $1,920,896

Year-over-Year Comparison

2023 2022 Change
Revenue $2,698,580 $5,991,219 -0.5%
Expenses $1,920,896 $2,042,499 -0.1%
Net Income $777,684 $3,948,720 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
41
Volunteers
80

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
6
$116,311
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK BEDNAREK CHAIRMAN 2.00
Officer Director
$0 $0 $0
KIMBERLY VAN KAMPEN VICE-CHAIR 2.00
Officer Director
$0 $0 $0
MIKE OLTHOFF 2ND VICE CHA 2.00
Officer Director
$0 $0 $0
JOHN PRIDNIA TREASURER 2.00
Officer Director
$0 $0 $0
CLAUDIA BERRY SECRETARY 2.00
Officer Director
$0 $0 $0
NANCY CRANDALL TRUSTEE 1.00
Director
$0 $0 $0
GAYLE DAVIS TRUSTEE 1.00
Director
$0 $0 $0
ROBERT DUBAULT TRUSTEE 1.00
Director
$0 $0 $0
AMY HEISSER TRUSTEE 1.00
Director
$0 $0 $0
ERIC RINGELBERG TRUSTEE 1.00
Director
$0 $0 $0
JOHN SWANSON TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN WILSON TRUSTEE 1.00
Director
$0 $0 $0
CHRIS WITHAM TRUSTEE 1.00
Director
$0 $0 $0
KIRK HALLMAN EXECUTIVE DI 40.00
Officer
$111,010 $5,301 $116,311
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 No data No data No data No data
2024 $2,698,580 $1,920,896 $22,515,826 $777,684
2023 $5,991,219 $2,042,499 $19,565,762 $3,948,720
2022 $6,428,246 $1,832,250 $15,356,338 $4,595,996
2021 $6,251,888 $1,406,341 $11,454,815 $4,845,547
2020 $1,366,370 $1,393,308 $6,392,956 $-26,938
2019 $1,550,735 $1,600,078 $6,267,858 $-49,343
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