Asheville Art Museum Association Inc

EIN: 566060776 501(c)(3) Arts, Culture & Humanities

Asheville, NC

Total Revenue
$4,177,906
Total Expenses
$3,049,308
Total Assets
$30,341,075
Net Assets
$30,079,276
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
NC
Principal Officer
Karen Praytor
Phone
8282533227
Tax Period
2024-07-01 to 2025-06-30

Asheville Art Museum Association Inc, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 27% operating margin.

Mission

The Asheville Art Museum Association, Inc. (the Museum) mission is to engage, enlighten and inspire individuals and enrich the community through dynamic experiences in American Art of the 20th and 21st centuries.

Program Service Accomplishments

Program 1
Expenses: $2,548,042 Revenue: $554,995

Established by artists and incorporated in 1948, Asheville Art Museum (the Museum) is committed to being a vital force in the community and individual development and to providing life-long...

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Established by artists and incorporated in 1948, Asheville Art Museum (the Museum) is committed to being a vital force in the community and individual development and to providing life-long opportunities for education and enrichment through the visual arts. The Museum has established its expertise in the collection, preservation, and interpretation of American art beginning in the 20th century and making innovative and outstanding exhibition experiences available to residents and visitors to WNC. The Museum preserves important aspects of our national and regional heritage through strategic collecting and conscientious stewardship of great works of art.

Program 2

In FY24/25, the Museum served 59,667 participants including 9,738 children and 236 artists through educational programs and presented 20 onsite and 7 digital exhibitions drawing from its own...

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In FY24/25, the Museum served 59,667 participants including 9,738 children and 236 artists through educational programs and presented 20 onsite and 7 digital exhibitions drawing from its own Collection and borrowed works. The Museum curates exhibitions and programs focusing on themes of contemporary interest and invites internationally acclaimed artists, scholars, and educators to contribute their skills. The Museum provides vital and otherwise unavailable cultural and educational services to adults and children of all ages including school and adult tours, teacher training, classes and workshops for adults and children, films, book club, artist talks, as well as volunteer and entertainment experiences. Arts-based educational programming is an important focus, and every year the Museum provides visual arts programming to audiences of all ages through a diverse range of Museum programming and activities, including outreach educational programs, group tours for K-12 groups, adults, and families, family days, after-school programs, and more. Returning arts programming to the schools, coupled with integrating the arts into the exploration of academic disciplines such as math, social studies, and visual literacy has been shown to improve critical thinking, performance, lifelong learning, and success. Strong and long-standing Museum partners include institutions throughout the region serving pre-kindergarten students through older adults. Museum programs offer access to the visual arts to at-risk, low-income youth from across WNC.

Program 3

The Museums Collection and special exhibitions are central to its educational programs and are used daily throughout the year by audiences of all ages from preschoolers to older adults. Without the...

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The Museums Collection and special exhibitions are central to its educational programs and are used daily throughout the year by audiences of all ages from preschoolers to older adults. Without the Museums programs, many of the school districts across WNC would have little or no art classes/curricula due to budget constraints. The Museum takes a leadership role in making its Collection and exhibitions as accessible as possible, both physically and intellectually. These important resources engage urban and rural residents including many retirees, educators, and artists who find original works of art have significance to their daily lives.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,326,006
Program Service Revenue $554,995
Investment Income $1,165,850
Other Revenue $131,055
TOTAL REVENUE $4,177,906

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,544,670
Fundraising Expenses $127,394
Program Expenses $2,548,042
Other Expenses $1,504,638
TOTAL EXPENSES $3,049,308

Year-over-Year Comparison

2024 2023 Change
Revenue $4,177,906 $2,153,498 +0.9%
Expenses $3,049,308 $3,233,152 -0.1%
Net Income $1,128,598 $-1,079,654 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
54
Volunteers
86

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
$192,691
Total Directors
21
$192,691
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pamela Myers Executive Director 40.00
Officer Director
$177,657 $15,034 $192,691
Paul Lentz Saenger Chair 2.00
Officer Director
$0 $0 $0
Paula Dawkins Vice Chair 2.00
Officer Director
$0 $0 $0
Karen Praytor Treasurer 3.00
Officer Director
$0 $0 $0
Julia Peterson Secretary 2.00
Officer Director
$0 $0 $0
Herbert Butch Patrick Immediate Past Chair 2.00
Officer Director
$0 $0 $0
Robert Benites Trustee 1.00
Director
$0 $0 $0
Tami Bebber Trustee 1.00
Director
$0 $0 $0
Nicholas Butts Trustee 1.00
Director
$0 $0 $0
Chris Cavanaugh Trustee 1.00
Director
$0 $0 $0
Rose Chambers Trustee 1.00
Director
$0 $0 $0
Carolyn Coward Trustee 1.00
Director
$0 $0 $0
Betsy Cunagin Trustee 1.00
Director
$0 $0 $0
Rufus Dollar Trustee 1.00
Director
$0 $0 $0
Tyler Emerson-Dorsch Trustee 1.00
Director
$0 $0 $0
Joey Gigliotti Trustee 1.00
Director
$0 $0 $0
Lei Han Trustee 1.00
Director
$0 $0 $0
April Liou Trustee 1.00
Director
$0 $0 $0
Brenda Mills Trustee 1.00
Director
$0 $0 $0
George Stowe Trustee 1.00
Director
$0 $0 $0
Gary Zahler 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 $4,177,906 $3,049,308 $30,341,075 $1,128,598
2024 $2,153,498 $3,233,152 $29,582,340 $-1,079,654
2023 $1,770,786 $3,322,273 $29,925,779 $-1,551,487
2022 $3,167,007 $2,894,429 $30,717,963 $272,578
2021 $8,810,292 $2,611,615 $32,695,907 $6,198,677
2020 $6,171,367 $2,500,339 $28,901,662 $3,671,028
2019 $4,547,714 $1,741,152 $25,398,766 $2,806,562
2018 $8,071,355 $1,731,598 $20,585,671 $6,339,757
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