FRIENDS OF THE BASS MUSEUM INC

EIN: 592017511 501(c)(3) Arts, Culture & Humanities

MIAMI BEACH, FL

Total Revenue
$6,015,718
Total Expenses
$6,044,666
Total Assets
$14,248,288
Net Assets
$13,589,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
FL
Phone
3056737530
Tax Period
2023-10-01 to 2024-09-30

FRIENDS OF THE BASS MUSEUM INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $13.6M represent 27 months of operating reserves.

Mission

THE BASS, MIAMI BEACH'S CONTEMPORARY ART MUSEUM, CREATES CONNECTIONS BETWEEN INTERNATIONAL CONTEMPORARY ART AND THE MUSEUM'S DIVERSE AUDIENCES. THE BASS SHARES THE POWER OF CONTEMPORARY ART THROUGH EXPERIENCES THAT EXCITE, CHALLENGE AND EDUCATE.

Program Service Accomplishments

Program 1
Expenses: $1,074,101 Revenue: $126,605

THE BASS SEEKS TO EXPAND THE INTERPRETATION OF CONTEMPORARY ART BY INCORPORATING DISCIPLINES OF CONTEMPORARY CULTURE, SUCH AS DESIGN, FASHION AND ARCHITECTURE, INTO THE EXHIBITION PROGRAM. THE...

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THE BASS SEEKS TO EXPAND THE INTERPRETATION OF CONTEMPORARY ART BY INCORPORATING DISCIPLINES OF CONTEMPORARY CULTURE, SUCH AS DESIGN, FASHION AND ARCHITECTURE, INTO THE EXHIBITION PROGRAM. THE EXHIBITION PROGRAM ENCOMPASSES A WIDE RANGE OF MEDIA AND ARTISTIC POINTS OF VIEW THAT BRING NEW THOUGHT TO THE DIVERSE CULTURAL CONTEXT OF MIAMI BEACH.

Program 2
Expenses: $379,527 Revenue: $98,073

DESIGNED FOR CHILDREN AGES 4-12, ART CAMPS AT THE BASS ARE LED BY PROFESSIONAL MUSEUM EDUCATORS, TEACHING ARTISTS AND CERTIFIED M-DPS ART TEACHERS. DURING CAMP SESSIONS, CAMPERS MAKE A ONE-OF-A-KIND...

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DESIGNED FOR CHILDREN AGES 4-12, ART CAMPS AT THE BASS ARE LED BY PROFESSIONAL MUSEUM EDUCATORS, TEACHING ARTISTS AND CERTIFIED M-DPS ART TEACHERS. DURING CAMP SESSIONS, CAMPERS MAKE A ONE-OF-A-KIND STEAM INSPIRED PROJECTS AND LEARN THROUGH FUN, HANDS-ON ART ACTIVITIES IN SCULPTURE, PAINTING, DESIGN AND MORE. ART CAMPS RUN DURING MIAMI-DADE PUBLIC SCHOOL SPRING, SUMMER AND WINTER BREAKS.

Program 3
Expenses: $305,471

THE STEAM PLUS PROGRAM IS A CITY AND COUNTY-WIDE EFFORT TO ENRICH THE EDUCATIONAL SYSTEM IN MIAMI BEACH BY ENGAGING STUDENTS WITH THE SUBJECTS OF SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH.

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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 $4,219,065
Program Service Revenue $1,394,570
Investment Income $102,937
Other Revenue $299,146
TOTAL REVENUE $6,015,718

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,262,835
Fundraising Expenses $1,062,014
Program Expenses $4,242,072
Other Expenses $3,781,831
TOTAL EXPENSES $6,044,666

Year-over-Year Comparison

2023 2022 Change
Revenue $6,015,718 $5,256,127 +0.1%
Expenses $6,044,666 $6,046,722 0.0%
Net Income $-28,948 $-790,595 -1.0%
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
34
Independent Members
34
Employees
45
Volunteers
54

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
$264,379
Total Directors
35
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLARA BULLRICH TREASURER 3.0
Officer Director
$0 $0 $0
DIANE LIEBERMAN PRESIDENT 3.0
Officer Director
$0 $0 $0
GEORGE LINDEMANN CHAIRMAN 3.0
Officer Director
$0 $0 $0
LAURA PAREKSY GOULD SECRETARY 3.0
Officer Director
$0 $0 $0
ALI SCHARF-MATLICK BOARD MEMBER 2.0
Director
$0 $0 $0
ALINA T HUDAK BOARD MEMBER (THRU 05/2024) 2.0
Director
$0 $0 $0
ALISA ROMANO BOARD MEMBER 2.0
Director
$0 $0 $0
ARIEL PENZER MILGROOM BOARD MEMBER 2.0
Director
$0 $0 $0
BARBARA BECKER BOARD MEMBER 2.0
Director
$0 $0 $0
BETH DOZORETZ BOARD MEMBER 2.0
Director
$0 $0 $0
BRIAN EHRLICH BOARD MEMBER 2.0
Director
$0 $0 $0
CATHY VEDOVI BOARD MEMBER 2.0
Director
$0 $0 $0
DAN OCH BOARD MEMBER 2.0
Director
$0 $0 $0
DAVID MARTIN BOARD MEMBER 2.0
Director
$0 $0 $0
DOUG KIMMELMAN BOARD MEMBER 2.0
Director
$0 $0 $0
ERIC CARPENTER BOARD MEMBER (AS OF 05/2024) 2.0
Director
$0 $0 $0
HUGH BUSH BOARD MEMBER 2.0
Director
$0 $0 $0
IVANA BERENDIKA BOARD MEMBER 2.0
Director
$0 $0 $0
JEAN-JACQUES MURRAY BOARD MEMBER 2.0
Director
$0 $0 $0
LISA HEIDEN-KOFFLER BOARD MEMBER 2.0
Director
$0 $0 $0
LORENA GOMEZ BOARD MEMBER 2.0
Director
$0 $0 $0
LORI REINSBERG BOARD MEMBER 2.0
Director
$0 $0 $0
MICHAEL COLLINS BOARD MEMBER 2.0
Director
$0 $0 $0
MIMI KUPPIN BOARD MEMBER (AS OF 05/2024) 2.0
Director
$0 $0 $0
OLGA BLAVATNIK BOARD MEMBER 2.0
Director
$0 $0 $0
OSCAR SEIKALY BOARD MEMBER 2.0
Director
$0 $0 $0
PAMELA LIEBMAN BOARD MEMBER 2.0
Director
$0 $0 $0
SIMI AHUJA BOARD MEMBER 2.0
Director
$0 $0 $0
STEVE NOVENSTEIN BOARD MEMBER 2.0
Director
$0 $0 $0
THEA MITZMAN BOARD MEMBER 2.0
Director
$0 $0 $0
THOMAS C MURPHY BOARD MEMBER 2.0
Director
$0 $0 $0
TODD WHITE BOARD MEMBER 2.0
Director
$0 $0 $0
TOM HEALY BOARD MEMBER 2.0
Director
$0 $0 $0
TRACY WILSON MOURNING BOARD MEMBER 2.0
Director
$0 $0 $0
TRUDY CEJAS BOARD MEMBER 2.0
Director
$0 $0 $0
JEAN ORTEGA DEPUTY DIRECTOR 40.0
Officer
$131,308 $10,786 $142,094
SILVIA KARMAN CUBINA EXECUTIVE DIRECTOR & CHIEF CURATOR 40.0
Officer
$122,285 $0 $122,285
IVA KOSOVIC DEVELOPMENT DIRECTOR 40.0
Highest
$105,385 $10,008 $115,393
JAMES VOORHIES CHIEF CURATOR 40.0
Highest
$109,231 $10,124 $119,355
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 $6,015,718 $6,044,666 $14,248,288 $-28,948
2023 $5,256,127 $6,046,722 $14,139,101 $-790,595
2022 $3,807,371 $4,874,158 $14,536,779 $-1,066,787
2021 $3,183,331 $3,710,196 $15,827,665 $-526,865
2020 $4,135,949 $4,229,315 $16,157,339 $-93,366
2019 $5,134,434 $4,824,234 $16,012,891 $310,200
2018 $5,173,449 $4,908,151 $17,176,546 $265,298
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