Mint Museum of Art Inc

“In accordance with gaap and the practice typically followed by museums, exhibits and art objects purchased and donated are not included in the accompanying consolidated statements of financial postion. Even though not reported in the accompanying consolidated financial statements, the museum's collection represents one of its most valuable assets. The museum's collections consist of art objects and artifacts of historical significance that are held for curatorial and educational purposes. The collection is kept under curatorial care, which includes conservation practices, and is subject to the museum's policy that requires proceeds from the sale of collection items to be used only for acquisition of additional collections. The museum does not recognize as a contribution any income from donated collection items, as its collections are not capitalized.”

“The mint museum comprises two facilities (mint museum randolph and mint museum uptown) and nearly 35,000 objects in its collection, one of the largest collections in the southeast. Mint museum randolph, originally constructed in 1936, houses the mint's decorative arts, fashion, art of the ancient americas, and european, african, asian, and native american collections. The mint museum uptown houses the internationally-renowned mint museum of craft + design, as well as outstanding collections of american, contemporary, and european art. Designed by machado and silvetti associates of boston, the five-story, 145,000 square-foot facility combines inspiring architecture with groundbreaking exhibitions to provide visitors with unparalleled educational and cultural experiences. Located in the heart of uptown charlotte, the mint museum uptown is an integral part of levine center for the arts, a cultural campus that includes the bechtler museum of modern art, the harvey b. Gantt center for african-american arts + culture, the knight theater, and the duke energy center.”

“The organization's endowment funds are used for a variety of purposes to support the mint's programs. The endowment balances reported in part v of form 990 include endowment funds held by a supporting organization, foundation for the mint museum, which exists to support the operations of the mint museum. The percentages reported for permanent endowments includes amounts that must be maintained in perpetuity as well as accumulated earnings on such amounts that have not yet been appropriated for expenditure.”

“The museum is a tax-exempt organization under section 501(c)(3) of the internal revenue code and, therefore, no provision for income taxes has been made in the accompanying consolidated financial statements. The museum records liabilities for income tax positions taken or expected to be taken when those positions are deemed uncertain to be upheld in an examination by taxing authorities. No liabilities for uncertain income tax positions were recorded as of june 30, 2025 and 2024.”

“Direct fundraising event expenses 356,929. Cost of goods sold 306,244. Change in beneficial interest in trusts 3,707,312.”

“Direct fundraising event expenses 356,929. Cost of goods sold 306,244.”