2024-11-08T14:38:16-06:00 2023-12-31 521197902 MULLEN SONDBERG WIMBISH & STONE PA 888 BESTGATE ROAD SUITE 310 ANNAPOLIS MD 21401 990 2023-01-01 521608934 THE AMERICAN VISIONARY ART MUSEUM INC AMER 4102441900 800 KEY HIGHWAY BALTIMORE MD 21230 RENEE WOODING SECRETARY 4102441900 2024-11-08 1 0 PHILIP J WIMBISH JR CPA P01285171 4102244920 2024-11-08 2023 2024-10-15 13:58:12Z RENEE WOODING 800 KEY HIGHWAY BALTIMORE MD 21230 4052545 0 X WWW.AVAM.ORG X 1989 MD TO CREATE AND OPERATE A MUSEUM AND LEARNING CENTER DEDICATED TO THE WORK OF VISIONARY ARTISTS. 10 10 73 180 0 0 3463685 1411425 1419232 1382910 -971 141642 92854 22906 4974800 2958883 0 0 0 0 1728170 1963197 0 0 421278 1882250 1933255 3610420 3896452 1364380 -937569 13548873 12576532 549367 514595 12999506 12061937 X THE AMERICAN VISIONARY ART MUSEUM, INC. IS A CONGRESSIONALLY DESIGNATED NATIONAL MUSEUM AND EDUCATION CENTER FOR CREATIVE, INTUITIVE AND SELF-TUTORED ARTISTRY IN ALL ITS MANIFESTATIONS. THE MUSEUM IS DEDICATED TO THE EXHIBITION, STUDY, COLLECTION, PRESERVATION, AND PROMOTION OF VISIONARY ART AND TO INCREASE THE PUBLIC'S AWARENESS, KNOWLEDGE, AND UNDERSTANDING OF THIS MANNER OF ARTISTIC EXPRESSION AND CREATIVE, COMPASSIONATE THINKING. 0 0 2223020 742845 TO PRESENT ANNUAL ART EXHIBITIONS TO THE PUBLIC. 243131 636080 FACILITY RENTAL TO PROMOTE ARTIST AND EXHIBITIONS AND CREATIVE ACTS OF SOCIAL INTUITIVE BETTERMENT. 540164 25797 EDUCATIONAL EVENTS AND PROGRAMS RELATING TO THE EXHIBITION AND EDUCATIONAL GOALS AND VISIONARY ART IN GENERAL. 3006315 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 73 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MD X THE ORGANIZATION 4102441900 800 KEY HIGHWAY BALTIMORE MD 21230 CHRISTOPHER GOELET CHAIRMAN 4.00 X X 0 0 0 HOLLY GUDELSKY STONE TREASURER 4.00 X X 0 0 0 RENEE WOODING SECRETARY 4.00 X X 0 0 0 BILL ROCK BOARD MEMBER 2.00 X 0 0 0 PETER BAIN BOARD MEMBER 2.00 X 0 0 0 MATTHEW GORRA ESQ BOARD MEMBER 2.00 X 0 0 0 JENNY HOPKINS BOARD MEMBER 2.00 X 0 0 0 PAYAL PAREKH BOARD MEMBER 2.00 X 0 0 0 RACHEL PERIC BOARD MEMBER 2.00 X 0 0 0 ARNA VODENOS BOARD MEMBER 2.00 X 0 0 0 DONNA KATRINIC INTERIM CO-EXECUTIVE DIRECTOR, COO/CFO 40.00 X 95093 0 20851 REBECCA A HOFFBERGER ARTISTIC DIRECTOR, FOUNDING DIRECTOR 40.00 X 12473 0 42086 JENENNE WHITFIELD EXECUTIVE DIRECTOR - 9/6/22 - 9/18/23 40.00 X 178843 0 17170 VALERIE S WILLIAMS INTERIM CO-EXECUTIVE DIRECTOR, DIR. OF DEVELOPMENT 40.00 X 81195 0 13920 367604 0 94027 1 0 1 0 FIDELITY ENGINEERING 25 LOVETON CIRCLE SPARKS MD 21152 GENERATOR RENTAL 187982 SIEMENS PO BOX 2134 CAROL STREAM RD IL 30132 HVAC 167186 2 425929 985496 1411425 ADMISSIONS AND MEMBERSHIP 713990 739033 739033 PROGRAM FACILITY RENTAL 531120 618080 618080 OTHER 900099 25797 25797 1382910 67398 67398 18000 0 18000 18000 18000 1165000 1090756 74244 74244 74244 4000 2906 1094 1094 MISCELLANEOUS 713990 3812 3812 3812 2958883 1404722 0 142736 461631 138756 172121 150754 1247754 1049810 90835 107109 15684 14067 1617 104907 83554 1267 20086 133221 94796 18831 19594 18832 18832 31530 31530 110896 33111 27369 50416 9144 7767 1377 160869 96137 21723 43009 44720 1499 36129 7092 333211 317017 12925 3269 55522 48765 6757 498673 483713 9973 4987 61845 56295 4440 1110 REPAIRS AND MAINTENANCE 260042 248314 9268 2460 EXHIBIT INSTALLATION 155051 155011 40 EDUCATIONAL PROGRAMS 92000 91984 16 COLLECTIONS MANAGEMENT 73427 73427 27493 12292 11999 3202 3896452 3006315 468859 421278 2533967 919523 1070989 705516 422478 34571 51572 17067624 9795340 7552802 7272284 1582303 3905367 68725 5308 13548873 12576532 202733 241980 276924 267219 69710 5396 549367 514595 X 10043107 9544381 2956399 2517556 12999506 12061937 13548873 12576532 -937569 0 X X 0 1 X 1 0 X 2669046 2427064 2449174 3673443 1501905 12720632 1445202 400511 982209 1359404 1314430 5501756 4114248 2827575 3431383 5032847 2816335 18222388 0 0 0 18222388 11471 2582 621 575 67398 82647 11471 2582 621 575 67398 82647 2386 5538 19171 3751 3812 34658 4128105 2835695 3451175 5037173 2887545 18339693 0.99360 0.99670 0.00450 0.00150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2347819 90686 97908 2536413 747224 1595875 4720 2347819 353104 394225 -105 747224 354126 -1022 353104 330179 23947 354126 0.03950 0.90390 0.05660 0 0 1105769 1105769 14674162 9007314 5666848 931549 788026 143523 356144 356144 7272284 OPERATING LEASE LIABILITY 5396 5396 X 2958883 0 2958883 0 2958883 3896452 0 3896452 0 3896452 PART III, LINE 1A: CONTRIBUTIONS OF ART ARE NOT RECOGNIZED AS REVENUE IN THE YEAR OF DONATION. INSTEAD, PROCEEDS FROM THE SALE OF ART OBJECTS ARE RECORDED AS REVENUE AND CLASSIFIED IN NET ASSETS WITH DONOR RESTRICTIONS FOR THE PURPOSE OF ACQUISITION OF OTHER ART OBJECTS. PURCHASES FOR COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS. PART III, LINE 4: THE MUSEUM'S COLLECTIONS ARE MADE UP OF ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART V, LINE 4: EARNINGS ON ENDOWMENT ASSETS ARE TO BE USED TO COVER COSTS OF EXHIBITIONS AND FOR OPERATING EXPENSES OF THE MUSEUM. PART X, LINE 2: THE MUSEUM FOLLOWS THE GUIDANCE OF ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NON-PROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT OF THOSE TAX POSITIONS TO BE RECOGNIZED IN THE MUSEUMS FINANCIAL STATEMENTS. THE MUSEUM ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FOR IN IRC SEC. 501(C) TO QUALIFY AS A TAX EXEMPT MUSEUM, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT MUSEUM UNDER MARYLAND STATE STATURE. THE MUSEUM DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE MUSEUM'S FINANCIAL POSITION OR CHANCES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. X X X 1 0 0 0 0 0 0 0 0 JENENNE WHITFIELD EXECUTIVE DIRECTOR - 9/6/22 - 9/18/2 134420 0 0 0 44423 0 2034 0 15136 0 196013 0 0 0 PART I, LINE 4A THE ORGANIZATION ENTERED INTO A SEVERANCE AGREEMENT ON 9/18/23 WITH JENENNE WHITFIELD, FORMER EXECUTIVE DIRECTOR. JENENNE WHITFIELD RECEIVED $44,423 IN SEVERANCE PAY DURING 2023. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FINANCE & EXECUTIVE COMMITTEES BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS SIGN CONFLICT OF INTEREST DISCLOSURE STATEMENTS ANNUALLY THAT ARE REVIEWED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BASED ON A REVIEW BY THE EXECUTIVE COMMITTEE. OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION IS DETERMINED BY THE DIRECTOR AND EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990 PART XII LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.