PALM SPRINGS ART MUSEUM

EIN: 951809576 501(c)(3) Arts, Culture & Humanities

PALM SPRINGS, CA

Total Revenue
$7,371,016
Total Expenses
$7,839,352
Total Assets
$38,254,186
Net Assets
$37,480,764
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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
CA
Principal Officer
JANE EMISON
Phone
7603224851
Tax Period
2022-10-01 to 2023-06-30

PALM SPRINGS ART MUSEUM, founded in 1938, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.4M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Net assets of $37.5M represent 61 months of operating reserves.

Mission

PALM SPRINGS ART MUSEUM CREATES TRANSFORMATIVE EXPERIENCES THAT EXPAND OUR UNDERSTANDING OF OURSELVES AND THE WORLD. PALM SPRINGS ART MUSEUM HAS A WIDE-REACHING AND GROWING PERMANENT COLLECTION OF OVER 12,000 OBJECTS ROOTED IN MODERN AND CONTEMPORARY ART, ARCHITECTURE, AND DESIGN THAT HAS DEVELOPED FROM OF OUR UNIQUE HISTORY, CULTURE, AND PLACE.THE MUSEUM'S COLLECTION, EXHIBITION, AND EDUCATION PROGRAMS CONNECT THE PUBLIC WITH ART AND IDEAS THAT SERVE AND ADAPT WITH THE DYNAMIC AND GROWING COMMUNITY THAT CALLS PALM SPRINGS HOMEAS WELL AS NEW GENERATIONS OF VISITORS WHO CONTINUE TO MAKE THE AREA A DESTINATION FOR REJUVENATION, ENTERTAINMENT, AND CULTURAL EXCURSION.THE MUSEUM IS COMMITTED TO HARNESSING THE RICH LEGACY, DIVERSE CREATIVE OPPORTUNITIES, AND PHILANTHROPIC SUPPORT THAT IS SHAPING OUR MUSEUM'S FUTURE AND MAKE AN IMPACT UPON THE EVOLVING CULTURAL LANDSCAPE OF OUR REGION.

Program Service Accomplishments

Program 1
Expenses: $5,878,225 Revenue: $1,998,392

FOUNDED IN 1938, PALM SPRINGS ART MUSEUM (PSAM) IS THE LARGEST ARTS CULTURAL INSTITUTION IN THE COACHELLA VALLEY. ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS, THE MUSEUM HAS 28 GALLERIES, TWO...

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FOUNDED IN 1938, PALM SPRINGS ART MUSEUM (PSAM) IS THE LARGEST ARTS CULTURAL INSTITUTION IN THE COACHELLA VALLEY. ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS, THE MUSEUM HAS 28 GALLERIES, TWO SCULPTURE GARDENS, FOUR CLASSROOMS, A RESOURCE CENTER, FIVE STORAGE VAULTS, AN 85-SEAT LECTURE HALL, A 433-SEAT PROFESSIONAL THEATER, A 1,000 SQUARE-FOOT STORE SPACE, A PERMANENT COLLECTION OF 12,000+ WORKS OF ART (INCLUDING PAINTING, SCULPTURE, PHOTOGRAPHY, DRAWINGS, PRINTS, AND MEDIA WORKS, WITH STRENGTHS IN MODERN AND CONTEMPORARY ART), AND A BISTRO ALL IN A 150,000 SQUARE-FOOT ARCHITECTURALLY SIGNIFICANT BUILDING. OUR SATELLITE LOCATION, THE ARCHITECTURE AND DESIGN CENTER, EDWARDS HARRIS PAVILION FEATURES A 17,000 SQUARE-FOOT SPACE FOR EXHIBITIONS AND PROGRAMMING. WE ALSO HAVE A SATELLITE OUTDOOR VENUE, THE FOUR-ACRE FAYE SARKOWSKY SCULPTURE GARDEN IN PALM DESERT WHICH IS FREE AND OPEN 24/7. WE CURRENTLY OFFER 10 MEMBERSHIP LEVELS RANGING FROM $50 TO $25,000. MEMBERSHIP IN 2023 REMAINED STEADY WITH 3,300 MEMBERS; SLIGHTLY DOWN FROM THE PREVIOUS YEAR.IN FISCAL YEAR ("FY") 2022, OUR VISITOR TOTAL WAS 134,557 AND IN FY 2023, WE SAW A NEARLY 10% INCREASE TO 147,967 VISITORS. VISITATION HAS EXCEEDED OUR PRE-PANDEMIC LEVELS. IN TERMS OF REVENUE, FY 2022 ADMISSIONS REVENUE WAS $1,107,427. IT DECLINED BY 4.3% TO $1,059,852 IN FY 2023. FY 2023 WAS ONLY NINE MONTHS DUE TO CHANGING OUR FISCAL YEAR END TO JUNE 30 FROM SEPTEMBER 30.THE MUSEUM PRESENTED THREE MAJOR EXHIBITIONS IN OUR MAIN MUSEUM IN FY 2023, INCLUDING ONE FEATURING DIGITAL ARTIST PETRA CORTRIGHT, ANOTHER ON THE WORK OF LIGHT AND SPACE ARTIST PHILIP K. SMITH III, AND AN EXHIBITION OF 86 WORKS DONATED TO THE PERMANENT COLLECTION BY PATRON AND CHAIR EMERITA DONNA MACMILLAN. THE MUSEUM CONTINUED ITS OUTBURST PROJECTS OF SMALL-FORMAT EXHIBITIONS FOR EMERGING ARTISTS AND FEATURED LOS ANGELES-BASED ARTIST GABRIELLA RUIZ AND FOUR OF HER CONTEMPORARIES AS WELL AS A WINTER EXHIBITION OF WORK BY NEW YORK-BASED ARTIST TAJH RUST. THERE HAVE ALSO BEEN SEVERAL SMALLER-SCALED EXHIBITIONS OF WORK DRAWN FROM THE MUSEUM'S PERMANENT COLLECTION, INCLUDING PRESENTATIONS OF GLASS ART, MEXICAN DRAWING AND PAINTING, CONTEMPORARY PHOTOGRAPHY, DESERT LANDSCAPES, AND CONTEMPORARY AFRICAN ARTISTS. AT THE ARCHITECTURE AND DESIGN CENTER, AMERICAN FRAMING FOCUSED ON A COMMON YET LITTLE UNDERSTOOD BUILDING METHOD AND ESO ES LA VIDA PROVIDED AN OVERVIEW OF GRAPHIC DESIGN FROM MEXICO. THE MUSEUM CONTINUED TO HOLD "THURSDAY NIGHT SESSIONS" FEATURING FREE ADMISSION FROM 5:00 8:00 P.M. AS WELL AS ART ACTIVITIES AND DJS IN THE GALLERIES. THURSDAY NIGHT SESSIONS IS SPONSORED BY THE CITY OF PALM SPRINGS. THE PUBLIC PROGRAMMING DEPARTMENT ALSO BUILT UPON THE FAMILY+ SERIES OF FREE ADMISSION AND ACTIVITIES EVERY THIRD SUNDAY OF THE MONTH. ADDITIONALLY, WE WORKED WITH DIFFERENT COMMUNITY-BASED GROUPS AND ORGANIZATIONS TO WELCOME NEW AUDIENCES THROUGH SPECIAL LIMITED EXHIBITIONS, LECTURES, PERFORMANCES, AND ACTIVITIES. THE MUSEUM ALSO WELCOMED NEW PARTNERSHIPS WITH RIVERSIDE COUNTY OFFICE OF EDUCATION, MIGRANT EDUCATION WHO BROUGHT STUDENTS FROM ACROSS THE EASTERN END OF THE COACHELLA VALLEY TO DO STUDIO VISITS WITH OUR ARTISTS IN RESIDENCE THROUGH THE OUTBURST RESIDENCY. THE MUSEUM CONTINUED TO STRENGTHEN ONGOING PARTNERSHIPS WITH THE PALM SPRINGS BLACK HISTORY MONTH COMMITTEE, MODERNISM WEEK, AND THE PALM SPRINGS INTERNATIONAL FILM FESTIVAL. INDIVIDUAL LECTURES WERE PRESENTED INVOLVING EXHIBITING AND VISITING ARTISTS AND CURATORS, ARCHITECTS, CREATIVES, AND EDUCATORS. MANY OF THESE LECTURES WERE PRESENTED AS HYBRID WEBINARS FOR THOSE UNABLE TO MAKE IT TO PALM SPRINGS AND WERE LATER POSTED TO THE MUSEUM'S YOUTUBE CHANNEL. IN 2023, THE MUSEUM AGAIN PRESENTED A MUSEUM-WIDE PRIDE CELEBRATION FOR THE LGBTQ+ COMMUNITY AND ITS ALLIES, AS WELL ITS ANNUAL SUMMER FILM SERIES.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,680,642
Program Service Revenue $1,338,152
Investment Income $25,012
Other Revenue $327,210
TOTAL REVENUE $7,371,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,136,050
Fundraising Expenses $484,085
Program Expenses $5,878,225
Other Expenses $3,703,302
TOTAL EXPENSES $7,839,352

Year-over-Year Comparison

2022 2021 Change
Revenue $7,371,016 $8,917,182 -0.2%
Expenses $7,839,352 $9,047,525 -0.1%
Net Income $-468,336 $-130,343 +2.6%
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
23
Independent Members
23
Employees
119
Volunteers
450

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
7
$507,509
Total Directors
29
$0
Key Employees
1
$174,351
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEO MARMOL TRUSTEE 1.00
Director
$0 $0 $0
FAYE SARKOWSKY TRUSTEE 1.00
Director
$0 $0 $0
MARK LEONARD TRUSTEE 1.00
Director
$0 $0 $0
MATT FELTON TRUSTEE 1.00
Director
$0 $0 $0
AMJAD BANGASH TRUSTEE 2.00
Director
$0 $0 $0
ROBERTA HOLLAND TRUSTEE 1.00
Director
$0 $0 $0
JAMES EGAN TRUSTEE 2.00
Director
$0 $0 $0
MARILYN LOESBERG TRUSTEE 1.00
Director
$0 $0 $0
LEONARD S EBER TRUSTEE 1.00
Director
$0 $0 $0
DIANE RUBIN TRUSTEE 1.00
Director
$0 $0 $0
BARBARA GOTHARD TRUSTEE 1.00
Director
$0 $0 $0
LJ CELLA TRUSTEE 2.00
Director
$0 $0 $0
JOHN P MONAHAN TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM L HOOD TRUSTEE 1.00
Director
$0 $0 $0
GARY GRACE TRUSTEE 1.00
Director
$0 $0 $0
PAME SCHMIDER TRUSTEE 1.00
Director
$0 $0 $0
LINDA SINGH TRUSTEE 1.00
Director
$0 $0 $0
BARRY W MORSE MD TRUSTEE 1.00
Director
$0 $0 $0
GARY N SCHAHET TRUSTEE 1.00
Director
$0 $0 $0
GWENDOLYN WEINER TRUSTEE 1.00
Director
$0 $0 $0
PHILLIP SMITH TRUSTEE 1.00
Director
$0 $0 $0
DONNA MACMILLAN TRUSTEE 1.00
Director
$0 $0 $0
ROSWITHA SMALE TRUSTEE 1.00
Director
$0 $0 $0
MARY INGEBRAND-POHLAD TRUSTEE 1.00
Director
$0 $0 $0
VEE SOTELO ASSISTANT SECRETARY 8.00
Officer Director
$0 $0 $0
TOM MINDER SECRETARY 8.00
Officer Director
$0 $0 $0
RICHARD CAIN TREASURER 8.00
Officer Director
$0 $0 $0
CRAIG HARTZMAN EXECUTIVE VICE CHAIR 8.00
Officer Director
$0 $0 $0
JANE EMISON EXECUTIVE CHAIR 14.00
Officer Director
$0 $0 $0
JACK PEIRCE DEPUTY DIRECTOR/CFO 40.00
Officer
$143,707 $25,996 $169,703
ADAM LERNER CEO 40.00
Officer
$301,787 $36,019 $337,806
MARK L BAUMGARTNER CHIEF ADVANCEMENT OFFICER 40.00
Key Emp
$162,582 $11,769 $174,351
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 $7,371,016 $7,839,352 $38,254,186 $-468,336
2022 $8,917,182 $9,047,525 $35,721,685 $-130,343
2021 $11,070,079 $6,746,218 $40,212,131 $4,323,861
2020 $7,936,058 $8,719,320 $35,917,771 $-783,262
2019 $12,584,409 $10,846,533 $36,419,121 $1,737,876
2018 $10,534,575 $11,600,486 $34,446,214 $-1,065,911
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