Civic Intelligence

The Leepa-Rattner Museum of Art Inc

EIN 59-3733512 • 501(c)3 • Tarpon Springs, FL

Profile

The mission of the leepa-rattner museum of art is to collect, conserve exhibit and protect the works of art entrusted to its care and stewardship. Through its exhibitions, programs and expanding collection of 20th and 21st century art, the museum strives to engage and inspire our diverse community by providing opportunities for education, enlightenment, interpretation and research to students, scholars and visitors.

PO Box 1545Tarpon Springs, FL 34688

www.leeparattner.org

Siviq Scores

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

Liabilities / Assets

71st percentile

0.02x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.05x

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

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

23rd percentile

-21%

Higher net margin than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$126,335

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 51.3% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

35th percentile

-15%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

-21%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$491,688

Down $88,917 (-15%) from 2020

Liabilities

Down

$11,705

Down $37,384 (-76%) from 2020

Net Assets

Down

$479,983

Down $51,533 (-9.7%) from 2020

Revenue

Down

$246,210

Down $65,552 (-21%) from 2020

Expenses

Down

$297,743

Down $92,730 (-24%) from 2020

Net Income

Up

-$51,533

Up $27,178 (+35%) from 2020

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,304,441Liabilities 2010: $31,722Net Assets 2010: $1,272,7192010Assets 2011: $1,583,404Liabilities 2011: $40,311Net Assets 2011: $1,543,0932011Assets 2012: $1,727,149Liabilities 2012: $31,240Net Assets 2012: $1,695,9092012Assets 2013: $527,952Liabilities 2013: $21,455Net Assets 2013: $506,4972013Assets 2014: $548,667Liabilities 2014: $70,540Net Assets 2014: $478,1272014Assets 2015: $511,318Liabilities 2015: $47,665Net Assets 2015: $463,6532015Assets 2016: $516,324Liabilities 2016: $12,857Net Assets 2016: $503,4672016Assets 2017: $542,801Liabilities 2017: $19,201Net Assets 2017: $523,6002017Assets 2018: $706,551Liabilities 2018: $58,820Net Assets 2018: $647,7312018Assets 2019: $686,873Liabilities 2019: $76,646Net Assets 2019: $610,2272019Assets 2020: $580,605Liabilities 2020: $49,089Net Assets 2020: $531,5162020Assets 2021: $491,688Liabilities 2021: $11,705Net Assets 2021: $479,9832021

Highlighted filing

2021

Assets$491,688
Liabilities$11,705
Net Assets$479,983

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $168,9782010Expenses 2011: $189,3442011Revenue 2012: $302,873Expenses 2012: $150,057Net Income 2012: $152,8162012Revenue 2013: $124,686Expenses 2013: $132,347Net Income 2013: -$7,6612013Revenue 2014: $133,648Expenses 2014: $162,018Net Income 2014: -$28,3702014Revenue 2015: $463,888Expenses 2015: $478,362Net Income 2015: -$14,4742015Revenue 2016: $348,255Expenses 2016: $308,441Net Income 2016: $39,8142016Revenue 2017: $264,106Expenses 2017: $243,973Net Income 2017: $20,1332017Revenue 2018: $628,155Expenses 2018: $504,024Net Income 2018: $124,1312018Revenue 2019: $455,475Expenses 2019: $492,979Net Income 2019: -$37,5042019Revenue 2020: $311,762Expenses 2020: $390,473Net Income 2020: -$78,7112020Revenue 2021: $246,210Expenses 2021: $297,743Net Income 2021: -$51,5332021

Highlighted filing

2021

Revenue$246,210
Expenses$297,743
Net Income-$51,533

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Oct 8, 2021
Return Version
2020v4.0
Gross Receipts
$247,244
Mission and Program Overview

Mission

The mission of the leepa-rattner museum of art is to collect, conserve exhibit and protect the works of art entrusted to its care and stewardship. Through its exhibitions, programs and expanding collection of 20th and 21st century art, the museum strives to engage and inspire our diverse community by providing opportunities for education, enlightenment, interpretation and research to students, scholars and visitors.

The mission of the leepa-rattner museum of art is to collect, conserve, exhibit and protect the works of art entrusted to its care and stewardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$441,721$352,707▼ $89,014
Savings and Temporary Cash Investments$87,613$114,463▲ $26,850
Investments Other Securities$25,191--
Inventories for Sale or Use$6,904$6,991▲ $87
Pledges and Grants Receivable$1,000--
Accounts Receivable$676$27▼ $649
Total Assets$580,605$491,688▼ $88,917
Other Assets Total$17,500$17,500→ $0
Liabilities
Deferred Revenue$17,516$11,323▼ $6,193
Accounts Payable and Accrued Expenses$31,573$382▼ $31,191
Total Liabilities$49,089$11,705▼ $37,384
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$438,643$479,983▲ $41,340
Net Assets With Donor Restrictions$92,873--
Total Net Assets Fund Balance$531,516$479,983▼ $51,533
Total Liabilities and Net Assets / Fund Balance$580,605$491,688▼ $88,917

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$92,873--$8,875$83,998
2019$94,670$39,628-$41,425$92,873
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rodrigo DavisDirector$126,335$126,335
Barbara HubbardDirector$112,031$112,031
Vonda WoodsTreasurer$95,062$95,062
Teresa WilkinsSecretary/tr$68,472$68,472

Board Members and Trustees

NameTitle
Linda JohnsonBoard Chair
Joan JenningsVice Chair
Carrie RootDirector
Edward HoffmanDirector
Eric W ClarkDirector
Jan CauseyDirector
Michael BoccutiDirector
Ruth BantherDirector
Thomas KidwellSpc Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$238,316
Program Service Revenue
$4,031
Investment Income
$375
Other Revenue
$3,488
All Other Contributions
$93,255
Change in Net Assets
$-51,533

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art53$146,990Fair Market Value (FMV) or Appraisal
Other Non Cash Contri Table1$11,610Fair Market Value
Other Non Cash Contri Table1$10,424Fair Market Value
Total Noncash Contributions55$169,024-

Audited Revenue Reconciliation

Revenue per Audited Statements
$149,351
Revenue Not Reported on Financial Statements
$96,859
Revenue Not Reported on Form 990
$443,456
Other Revenue Adjustments
$96,859
Total Revenue per Audited Statements
$592,807
Total Revenue per Form 990
$246,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,884
Grants and Similar Amounts Paid$96,859
Total Fundraising Expense$308
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$96,859--$96,859
Office Expenses$18,004$464$176$18,644
Fees for Services Accounting-$16,325-$16,325
Insurance$10,726$5,362-$16,088
All Other Expenses$2,118$2,422$132$4,672
Other Expenses$1,629$4,888-$1,629
Advertising$1,188--$1,188
Total Functional Expenses$201,979$95,456$308$297,743

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$644,340
Expenses Not Reported on Form 990$443,456
Total Expenses per Form 990$297,743
Expenses per Audited Statements$200,884
Expenses Not Reported on Financial Statements$96,859
Other Expense Adjustments$96,859
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Petersburg CollegeSt Petersburg, FL501c3Endowment Support$96,859
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,395
Professional Fundraising Fees$0
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
No
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
Yes
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is monitored by the governance committee of the board of directors. Annually, all officers, directors and key employees are required to disclose interests that could give rise to conflicts.

Form 990, Page 6, Part VI, Line 15A

Compensation for the director of the leepa-rattner museum of art, inc. Is based on the classification and salary schedule, which includes ranges for each grade, including this position.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employees of the leepa-rattner museum of art, inc. Is based on the classification and salary schedule, which includes ranges for each grade, including these positions.

Form 990, Page 6, Part VI, Line 19

The museum's governing documents, conflict of interest policy and financial statements are available for public inspection upon request for the same period of disclosure as set forth under irc section 6104(d).

Filing and Contact Details

Filer

Filer Name
The Leepa-rattner Musuem of Art Inc
EIN
59-3733512
Phone
7277125203
Address
PO BOX 1545, TARPON SPRINGS, FL 34688

Signing Officer

Name
Mike Meigs
Title
Avp Finance
Phone
7373413210
Signed
2021-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Meigs
Formed
2001
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Prida Guida & Perez Pa
Address
1106 N FRANKLIN ST, TAMPA, FL 33602-3813
Preparer
Daniel Hevia
Phone
8132266091
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the leepa-rattner museum of art is to collect, conserve exhibit and protect the works of art entrusted to its care and stewardship through its exhibitions, programs and expanding collection of 20th and 21st century art.

Form 990

The leepa-rattner museum of art closed its doors temporarily in response to the public health crisis of covid-19 on march 18, 2020. The museum remained closed to the public through out the remainder of its fiscal year. This closure negatively impacted revenues of the museum as fundraising events, tours, programs, general admission, and store sales all were temporarily halted during this time.

Form 990, Page 2, Part III, Line 4A

The museum strives to engage and inspire our diverse community by providing opportunities for education, enlightenment, interpretation and research to students, scholars and visitors utilize the museum to enhance the educational enjoyment and aesthetic experience of members of the local community, its students and "all who pass through its doors". Despite the closure of the museum for 5 months due to covid-19 pandemic, approximately 860 visitors enjoyed the museum's exhibitions and related programs during fiscal year 2020-2021 this included specially-scheduled tours of the museum provided by experienced docents and staff for 349 adults, 33 school children (k-12) and 195 college students. The museum experience was augmented by a variety of arts education classes and workshops, lectures and gallery talks, virtual programs and classes, self-guided art exploration activities, and a reading club for adults. Additionally, the museum provides an art therapy program for adolescents experiencing emotional, physical or developmental challenges.

Form 990, Part V

Lines 2a & 2b - the organization's payroll is reported under a related organization, st. Petersburg college. The number of employees reported represents all the organization's employees. St. Petersburg college has filed all required federal employment tax returns.

Form 990, Part XI, Line 9

Grant from related party -96,859 grant from related party 96,859

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

The presentation of the collection as not capitalized is the most widely practiced method of presentation for organizations similar to the museum. The value of the museum's collections has been excluded from the statement of net position and artwork gifts are excluded from revenue in the statement of revenues, expenses, and change in net position. The collections are held in the public trust for exhibition and educational purposes, not for financial gain. Each of the items is catalogued, preserved, and cared for in order to maintain the cultural, aesthetic, and historic value of the collections. Activities verifying the existence and assessing the condition of the collections are periodically performed.

Schedule D, Page 2, Part III, Line 4

The museum promotes educational excellence by collecting, preserving, and displaying works of art that reflect or support the aesthetic concerns of abraham rattner, esther gentle, allen leepa and other artists. The museum commits to excellence in visual arts education, fosters aesthetic, critical and ethical thinking as a bridge to the future and nurtures interest in 20th century art history. Core collection (leepa-rattner-gentle collection) the core collection of the leepa-rattner museum of art, inc. (museum) consists of 1,399 objects: paintings, sculptures, works on paper (drawings, watercolors, prints), tapestries and stained glass maquettes, and up to 3,000 inventoried objects (mostly works on paper). This collection is not owned by the museum, but managed by the museum through an agreement between the st. Petersburg college, the st. Petersburg college foundation, inc. (foundation), and the museum. Secondary core collection (gulf coast museum of art collection) the secondary collection of the museum consists of 275 objects that have been donated to the museum by the foundation. Based on the nature of this collection, the museum has redefined its mission and direction. More than two-thirds of the collection reflects florida art and southeastern united states fine art crafts amassed between 1995 and 2008. Donated art (1,635 objects) - listed by donation size 1.st. Petersburg college foundation, inc. (245 accessioned objects): prints created mostly from the 1980s through the 1990s at print workshops in the united states and canada by a variety of known and lesser known artists gifted to the museum by the foundation through a brokered deal with the eckerd college foundation. 2.richard florsheim art fund (182 accessioned objects): paintings and prints by chicago artist richard florsheim (1916-1979) reflecting a 40-year retrospective of the artist's career. 3.vladimir yoffe / pasco art center (46 accessioned objects): sculptures and ephemera by new york sculptor vladimir yoffe (1911-1997) transferred to the museum from the non-collecting pasco art center. 4.lothar and mildred uhl collection (436 accessioned objects, including 48 objects in the education collection): currently reflecting a variety of media, as well as a recent gift of 88 prints by winslow homer and 225 prints by leonard baskin. 5.caroline adams byrd-denjoy collection (131 accessioned objects, including 13 objects in the education collection): a collection of modern and contemporary prints produced in france in a variety of printing techniques. 6.patricia a. And thomas j. Lehnen family art collection (43 accessioned objects, including 16 in the education collection): an eclectic collectionof fine art, contemporary craft, and ethnographic art, including works by dale chihuly. 7.dorothy mitchell collection (34 accessioned objects): large-format screen-prints created in the 1990s at berghoff-cowden editions in tampa by seven nationally known artists. 8.zipkin family collection (17 accessioned objects): while not a large collection, the pieces given have greatly enhanced the existing leepa-rattner-gentle collection with the expectation of more objects being gifted. 9.barbara witlin collection (11 accessioned objects): donation by the widow of roy witlin (1923-1997), large reverse-paintings on plexiglas works. 10.edna andrews and dr. Dietrich schroeer collection (12 accessioned objects): an alumnus of st. Petersburg college and an art collector, edna andrews schroeer and her husband have given european prints. 11.rita hayes scott collection (13 accessioned objects): rita hayes scott and robert russek scott collection include notable modern and contemporary works falling in several of the museum's collecting areas, including a kenneth noland painting, pablo picasso ceramic and a sonia delaunay tapestry. 12.jim and martha sweeny collection (29 accessioned objects): jim and martha sweeny collection include notable contemporary printmakers andafrican american folk art. 13.

Schedule D, Page 2, Part V, Line 4

The museum is related to the st. Petersburg college foundation, inc as it is also a direct support organization of the st. Petersburg college, which is related to the museum. The foundation owns an endowment fund held for the benefit of the museum and a restricted fund for the adopt-a-masterpiece program. The endowment is valued at approximately 3.0 million and 2.1 million at march 31, 2021 and 2020, respectively. The adopt-a-masterpiece endowment fund is valued at approximately 275,425 and 181,780 at march 31, 2021 and 2020, respectively. The museum is permitted to draw up to 80% of the earnings above the endowment principal balance in accordance with the donor's agreement.

Schedule D, Page 4, Part XI, Line 4B

Grant from related party 96,859

Schedule D, Page 4, Part XII, Line 4B

Grant from related party 96,859

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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/Desc0THE MUSEUM STRIVES TO ENGAGE AND INSPIRE OUR DIVERSE COMMUNITY BY PROVIDING OPPORTUNITIES FOR EDUCATION, ENLIGHTENMENT, INTERPRETATION AND RESEARCH TO STUDENTS, SCHOLARS AND VISITORS UTILIZE THE MUSEUM TO ENHANCE THE EDUCATIONAL ENJOYMENT AND AESTHETIC EXPERIENCE OF MEMBERS OF THE LOCAL COMMUNITY, ITS STUDENTS AND "ALL WHO PASS THROUGH ITS DOORS". DESPITE THE CLOSURE OF THE MUSEUM FOR 5 MONTHS DUE TO COVID-19 PANDEMIC, APPROXIMATELY 860 VISITORS ENJOYED THE MUSEUM'S EXHIBITIONS AND RELATED PROGRAMS DURING FISCAL YEAR 2020-2021 THIS INCLUDED SPECIALLY-SCHEDULED TOURS OF THE MUSEUM PROVIDED BY EXPERIENCED DOCENTS AND STAFF FOR 349 ADULTS, 33 SCHOOL CHILDREN (K-12) AND 195 COLLEGE STUDENTS. THE MUSEUM EXPERIENCE WAS AUGMENTED BY A VARIETY OF ARTS EDUCATION CLASSES AND WORKSHOPS, LECTURES AND GALLERY TALKS, VIRTUAL PROGRAMS AND CLASSES, SELF-GUIDED ART EXPLORATION ACTIVITIES, AND A READING CLUB FOR ADULTS. ADDITIONALLY, THE MUSEUM PROVIDES AN ART THERAPY PROGRAM FOR ADOLESCENTS EXPERIENCING EMOTIONAL, PHYSICAL OR DEVELOPMENTAL CHALLENGES.
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IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL BOCCUTI
IRS990/Form990PartVIISectionAGrp/PersonNm7JAN CAUSEY
IRS990/Form990PartVIISectionAGrp/PersonNm8ERIC W CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm9EDWARD HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10BARBARA HUBBARD
IRS990/Form990PartVIISectionAGrp/PersonNm11CARRIE ROOT
IRS990/Form990PartVIISectionAGrp/PersonNm12RODRIGO DAVIS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SPC TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/MissionDesc0THE MISSION OF THE LEEPA-RATTNER MUSEUM OF ART IS TO COLLECT, CONSERVE EXHIBIT AND PROTECT THE WORKS OF ART ENTRUSTED TO ITS CARE AND STEWARDSHIP THROUGH ITS EXHIBITIONS, PROGRAMS AND EXPANDING COLLECTION OF 20TH AND 21ST CENTURY ART.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE MUSEUM COLLECTS, PRESERVES AND DISPLAYS WORKS OF ARTISTIC MERIT THAT REFLECT THE INFLUENCES AND CULTURAL CONCERNS OF ABRAHAM RATINER, ESTHER GENTLE, ALLEN LEEPA AND OTHER RELEVANT ARTISTS OF THE 20TH AND 21ST CENTURY. CHANGING EXHIBITIONS COMPLEMENT THE PERMANENT COLLECTION AND PROVIDE ENRICHING OPPORTUNITIES FOR THE PUBLIC TO VIEW ARTWORK IN A BROAD VARIETY OF MEDIA AND STYLES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE VALUE OF THE MUSEUM'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF NET POSITION. GIFTS OF ARTWORK WITH A RECORDED VALUE OF 146,990 WAS DONATED TO THE ORGANIZATION IN THE FISCAL YEAR ENDING 3/31/2021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
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