Civic Intelligence

Richmond Art Museum

EIN 35-6005040 • 501(c)3 • Richmond, IN

Profile

Promote art culture/appreciation

350 Hub Etchison ParkwayRichmond, IN 47374

www.richmondartmuseum.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

9.8%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$2,747,380

Up $48,012 (+1.8%) from 2024

Liabilities

Up

$5,249

Up $1,490 (+40%) from 2024

Net Assets

Up

$2,742,131

Up $46,522 (+1.7%) from 2024

Operations
Liabilities / Revenue78th percentileNet Margin72nd percentile

Revenue

Up

$670,444

Up $142,056 (+27%) from 2024

Expenses

Up

$506,234

Up $161 (+0.0%) from 2024

Net Income

Up

$164,210

Up $141,895 (+636%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $3,224,936Liabilities 2018: $629,142Net Assets 2018: $2,595,7942018Assets 2019: $2,936,666Liabilities 2019: $481,504Net Assets 2019: $2,455,1622019Assets 2020: $2,958,894Liabilities 2020: $486,777Net Assets 2020: $2,472,1172020Assets 2021: $2,874,941Liabilities 2021: $238,122Net Assets 2021: $2,636,8192021Assets 2022: $2,596,518Liabilities 2022: $3,510Net Assets 2022: $2,593,0082022Assets 2023: $2,557,887Liabilities 2023: $4,659Net Assets 2023: $2,553,2282023Assets 2024: $2,699,368Liabilities 2024: $3,759Net Assets 2024: $2,695,6092024Assets 2025: $2,747,380Liabilities 2025: $5,249Net Assets 2025: $2,742,1312025

Highlighted filing

2025

Assets$2,747,380
Liabilities$5,249
Net Assets$2,742,131
Open 2025 Filing

Operations Trend

Revenue Growth55th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2018: $410,878Expenses 2018: $392,618Net Income 2018: $18,2602018Revenue 2019: $380,270Expenses 2019: $437,307Net Income 2019: -$57,0372019Revenue 2020: $511,869Expenses 2020: $501,308Net Income 2020: $10,5612020Revenue 2021: $562,114Expenses 2021: $458,154Net Income 2021: $103,9602021Revenue 2022: $637,267Expenses 2022: $483,509Net Income 2022: $153,7582022Revenue 2023: $521,342Expenses 2023: $521,421Net Income 2023: -$792023Revenue 2024: $528,388Expenses 2024: $506,073Net Income 2024: $22,3152024Revenue 2025: $670,444Expenses 2025: $506,234Net Income 2025: $164,2102025

Highlighted filing

2025

Revenue$670,444
Expenses$506,234
Net Income$164,210
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,747,380
Liabilities
$5,249
Net assets
$2,742,131
Revenue
$670,444
Expenses
$506,234
Net income
$164,210
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.75$0.01$2.74$0.67$0.51$0.16
2024Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$0.53$0.51$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.55$0.52$0.52$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.59$0.64$0.48$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.24$2.64$0.56$0.46$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.96$0.49$2.47$0.51$0.50$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.94$0.48$2.46$0.38$0.44$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.22$0.63$2.60$0.41$0.39$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Mar 16, 2026
Return Version
2024v5.5
Gross Receipts
$1,512,216
Mission and Program Overview

Mission

Promote art culture/appreciation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,349,473$1,306,990▼ $42,483
Investments Other Securities$1,183,127$1,235,269▲ $52,142
Cash and Non-Interest-Bearing Accounts$162,526$205,121▲ $42,595
Savings and Temporary Cash Investments$4,242$0▼ $4,242
Total Assets$2,699,368$2,747,380▲ $48,012
Liabilities
Accounts Payable and Accrued Expenses$3,759$5,249▲ $1,490
Total Liabilities$3,759$5,249▲ $1,490
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,219,759$2,279,969▲ $60,210
Net Assets With Donor Restrictions$475,850$462,162▼ $13,688
Total Net Assets Fund Balance$2,695,609$2,742,131▲ $46,522
Total Liabilities and Net Assets / Fund Balance$2,699,368$2,747,380▲ $48,012

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,298,434$517,486$1,815,920
Other Land Buildings$3,798$25,180$28,978
Leasehold Improvements$4,758$20,909$25,667
Other Securities$759,414--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shaun DingwerthExecutive DirectorFT$91,731$34,775$126,506

Board Members and Trustees

NameTitle
Nicole StultsPresident
Jennifer Lewis1st Vice President
Marcia Foster2nd Vice President
Anna GoldenTrustee
Annette WarfelTrustee
Becky Dimick-eastmanTrustee
Cheri JetmoreTrustee
Ginger GrayTrustee
Jennifer NorthTrustee
Kathy GirtenTrustee
Kathy KhamisTrustee
Kevin MccurdyTrustee
Suzanne CoxTrustee
Barry JohnstonTrustee Emeritus
Marilyn MartusTrustee Emeritus
Tom AlbertsTrustee Emeritus
Chris EvrardSecretary
Mary Ann DavisSpecial Advisor
Robin HenryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$244,929
Program Service Revenue
$107,276
Investment Income
$232,462
Other Revenue
$85,777
All Other Contributions
$215,739
Change in Net Assets
$164,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,264
Other Expenses$252,970
Total Fundraising Expense$43,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,428$32,215$32,215$128,858
Other Salaries and Wages$60,937$24,533$6,685$92,155
Depreciation Depletion$54,809--$54,809
All Other Expenses$18,193$5,531-$23,724
Other Employee Benefits$13,259$2,653$1,768$17,680
Insurance$14,607--$14,607
Payroll Taxes$8,448$3,760$2,363$14,571
Occupancy$11,621$1,291-$12,912
Fees for Service Investment Mgmnt Fees-$12,159-$12,159
Other Expenses$2,780$4,170-$6,950
Travel-$6,792-$6,792
Fees for Services Accounting-$6,255-$6,255
Advertising$1,232$4,929-$6,161
Office Expenses$526$4,733-$5,259
Total Functional Expenses$354,182$109,021$43,031$506,234
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$127,923
Fundraising Direct Expenses$49,429
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Palette to Palate$93,639$93,639$40,036$53,603
Garden Tour$19,033$19,033$7,511$11,522
Total Events$127,923$127,923$49,429$78,494
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review by the governing body was conducted before the return was filed.”

Form 990, Part VI, Section B, Line 15A

“An annual review is conducted by the executive committee. The finance committee determines compensation based upon that review.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Richmond Art Museum
EIN
35-6005040
Phone
7659660256
Address
350 HUB ETCHISON PARKWAY, RICHMOND, IN 47374

Signing Officer

Name
Shaun Dingwerth
Title
Executive Director
Phone
7659660256
Signed
2026-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaun Dingwerth
Formed
1898
Legal Domicile
In
Voting Board Members
19
Independent Board Members
19
Employees
5
Volunteers
73

Preparer

Firm
Brady Ware & Schoenfeld Inc
Address
2206 CHESTER BLVD, RICHMOND, IN 47374
Preparer
Jennifer North CPA
Phone
7659660531
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING 2.”

FORM 990, PART XII, LINE 2C:

“The organization's oversight committee reviews the tax returns and financial statements prior to approval.”

Financial Statement Notes

PART III, LINE 1A:

“The collection is not recognized as an asset on the statement of financial position. Purchases are recorded as decreases in unrestricted net assets and contributed collection items are not reflected on the financial statements.”

PART X, LINE 2:

“Accounting standards require the evaluation of tax positions taken, or expected to be taken, in the course of preparing the museum's tax returns, to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. This statement provides that a tax benefit from an uncertain tax position may be recognized in the financial statements only when it is "more-likely-than-not" the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based upon the technical merits and consideration of all available information. Once the recognition threshold is met, the portion of the tax benefit that is recorded represents the largest amount of tax benefit that is greater than 50 percent likely to be realized upon settlement with a taxing authority. Based on its review, management does not believe the museum has taken any material uncertain tax positions, including any position that would place the museum's exempt status in jeopardy, as of may 31, 2025.”

Part III Question 4

“The collection consists of various types of art that span multiple artistic time periods. The purpose of the collection is to foster an appreciation for the arts among museum attendees.”

Raw XML AppendixShowing 400 of 584 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt31ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10SPECIAL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt112ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/FormationYr01898
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0EXHIBITS AND PROGRAMS
IRS990/OtherExpensesGrp/Desc1COLLECTION PURCHASES
IRS990/OtherExpensesGrp/Desc2EXHIBIT ART SALES
IRS990/OtherExpensesGrp/Desc3PRINTING
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02363
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IRS990/PayrollTaxesGrp/ProgramServicesAmt08448
IRS990/PayrollTaxesGrp/TotalAmt014571
IRS990/PoliticalCampaignActyInd00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0164210
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0317906
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0346888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0223305
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0272818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01405846
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt035349
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt025421
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021313
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019848
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019596
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0121527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0107276
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0106004
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt078546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0221208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0215384

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