Civic Intelligence

Boca Raton Museum Foundation Inc.

990 • Fiscal year 2018 • EIN 65-0104704

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 18, 2019

Organization ProfileN/A
501 Plaza RealBoca Raton, FL 33432

(561) 392-2500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.24x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

4.53x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

1st percentile

-338%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

9th percentile

-11%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$5,496,879

Down $687,864 (-11%) from 2017

Net Assets

Down

$4,187,585

Down $952,073 (-19%) from 2017

Liabilities

Up

$1,309,294

Up $264,209 (+25%) from 2017

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin1st percentile

Revenue

Up

$288,859

Up $69,095 (+31%) from 2017

Expenses

Up

$1,265,396

Up $416,666 (+49%) from 2017

Net Income

Down

-$976,537

Down $347,571 (-55%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $6,070,833Liabilities 2011: $1,455,972Net Assets 2011: $4,614,8612011Assets 2012: $5,745,588Liabilities 2012: $1,415,444Net Assets 2012: $4,330,1442012Assets 2013: $5,708,489Liabilities 2013: $1,174,216Net Assets 2013: $4,534,2732013Assets 2014: $5,869,117Liabilities 2014: $1,171,845Net Assets 2014: $4,697,2722014Assets 2015: $5,809,450Liabilities 2015: $1,106,798Net Assets 2015: $4,702,6522015Assets 2016: $5,614,115Liabilities 2016: $781,460Net Assets 2016: $4,832,6552016Assets 2017: $6,184,743Liabilities 2017: $1,045,085Net Assets 2017: $5,139,6582017Assets 2018: $5,496,879Liabilities 2018: $1,309,294Net Assets 2018: $4,187,5852018Assets 2019: $7,921,267Liabilities 2019: $1,106,398Net Assets 2019: $6,814,8692019Assets 2020: $8,570,822Liabilities 2020: $1,103,177Net Assets 2020: $7,467,6452020Assets 2021: $9,508,513Liabilities 2021: $1,223,851Net Assets 2021: $8,284,6622021Assets 2022: $7,968,717Liabilities 2022: $1,228,941Net Assets 2022: $6,739,7762022Assets 2023: $9,004,793Liabilities 2023: $1,381,633Net Assets 2023: $7,623,1602023Assets 2024: $10,978,720Liabilities 2024: $2,223,828Net Assets 2024: $8,754,8922024

Highlighted filing

2018

Assets$5,496,879
Liabilities$1,309,294
Net Assets$4,187,585
Open 2018 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $889,499Expenses 2011: $541,205Net Income 2011: $348,2942011Revenue 2012: $612,764Expenses 2012: $206,939Net Income 2012: $405,8252012Revenue 2013: $169,581Expenses 2013: $217,010Net Income 2013: -$47,4292013Revenue 2014: $213,403Expenses 2014: $214,410Net Income 2014: -$1,0072014Revenue 2015: $204,837Expenses 2015: $233,635Net Income 2015: -$28,7982015Revenue 2016: $994,905Expenses 2016: $384,525Net Income 2016: $610,3802016Revenue 2017: $219,764Expenses 2017: $848,730Net Income 2017: -$628,9662017Revenue 2018: $288,859Expenses 2018: $1,265,396Net Income 2018: -$976,5372018Revenue 2019: $2,938,791Expenses 2019: $312,504Net Income 2019: $2,626,2872019Revenue 2020: $94,169Expenses 2020: $398,935Net Income 2020: -$304,7662020Revenue 2021: $1,036,587Expenses 2021: $531,418Net Income 2021: $505,1692021Revenue 2022: $526,786Expenses 2022: $4,550Net Income 2022: $522,2362022Revenue 2023: $782,924Expenses 2023: $121,212Net Income 2023: $661,7122023Revenue 2024: $609,617Expenses 2024: $236,989Net Income 2024: $372,6282024

Highlighted filing

2018

Revenue$288,859
Expenses$1,265,396
Net Income-$976,537
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 18, 2019
Return Version
2017v2.3
Gross Receipts
$7,616,726
Mission and Program Overview

Mission

The foundation was established to receive and administer donations and bequests for the benefit and support of the boca raton museum of art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,616,864$3,664,033▲ $47,169
Pledges and Grants Receivable$62,792$6,660▼ $56,132
Prepaid Expenses and Deferred Charges$1,317$1,317→ $0
Total Assets$6,184,743$5,496,879▼ $687,864
Other Assets Total$2,503,770$1,824,869▼ $678,901
Liabilities
Other Liabilities$1,045,085$1,309,294▲ $264,209
Total Liabilities$1,045,085$1,309,294▲ $264,209
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,741,087$2,741,087→ $0
Unrestricted Net Assets$1,628,856$1,272,118▼ $356,738
Temporarily Rstr Net Assets$769,715$174,380▼ $595,335
Total Net Assets Fund Balance$5,139,658$4,187,585▼ $952,073
Total Liabilities and Net Assets / Fund Balance$6,184,743$5,496,879▼ $687,864

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$67,243--
Other Securities$3,664,033--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,250,502$2,973▲ $233,852$189,087$4,027,408
2016$4,398,699$192▲ $288,657$197,046$4,250,502
2015$4,413,329-▼ $14,630-$4,398,699
2014$4,144,464$600,930▼ $35,111-$4,413,329
2013$4,086,130$56,121▲ $181,315-$4,144,464
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Jody Harrison GrassChair
Martin R MallingerVice Chair
Peg AndersonVice Chair
Francis FeeneyAsst Treasurer
Beth DavisSecretary
Paul S MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$288,859
Other Revenue
$0
Change in Net Assets
$-976,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$287,641
Revenue Not Reported on Financial Statements
$1,218
Revenue Not Reported on Form 990
$24,464
Other Revenue Adjustments
$1,218
Total Revenue per Audited Statements
$312,105
Total Revenue per Form 990
$288,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,217,587
Other Expenses$47,809
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,217,587--$1,217,587
Fees for Service Investment Mgmnt Fees-$34,776-$34,776
Fees for Services Accounting-$11,530-$11,530
Other Expenses-$285-$285
Total Functional Expenses$1,217,587$47,809$0$1,265,396

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,265,396
Expenses per Audited Statements$1,264,178
Total Expenses per Audited Statements$1,264,178
Expenses Not Reported on Financial Statements$1,218
Other Expense Adjustments$1,218
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boca Raton Museum of ArtBoca Raton, FL501(c)(3)General Operations$1,217,587
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Boca Raton Museum of Art$1,290,902
Annuity Payable$18,392
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board of directors meet and review a draft copy of form 990. Any changes or questions are documented for review with the tax preparer. The form 990 is not signed and/or filed until all board members are in agreement with the information contained therein.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest issues are addressed as they arise and are brought to the attention of the board or an individual board member. Procedures are formulated on a case by case basis and the decision is documented.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public either upon request and/or through another's website.”

Filing and Contact Details

Filer

Filer Name
Boca Museum Foundation Inc
EIN
65-0104704
Phone
5613922500
Address
501 PLAZA REAL, BOCA RATON, FL 33432

Signing Officer

Name
Jody Harrison Grass
Title
Chair
Phone
5613922500
Signed
2019-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jody Harrison Grass
Formed
1990
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Caler Donten Levine Et Al Pa
Address
505 SOUTH FLAGLER DR 900, WEST PALM BEACH, FL 33401-5948
Preparer
Thomas a Pence Jr
Phone
5618329292
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of split-interest trust 6,487.”

FORM 990, SCHEDULE D, PART V, ENDOWMENT FUNDS:

“Line 1b (column e) includes an increase in the endowment funds of $56,121 due to a prior period financial statement audit adjustment. This amount is the result of funds previously not reflected as endowment funds, now being properly reflected as such.”

Financial Statement Notes

PART V, LINE 4:

“The intended uses of the foundation's endowment funds includes use for the care, maintenance and preservation of the mayers and friedman collection, as well as for future acquistions for the collection.”

PART X, LINE 2:

“The organization evaluates its uncertain tax positions in accordance with fasb asc 740, income taxes, which states that management's determination of the taxable status of an entity, including its status as a tax-exempt not-for-profit entity, is a tax position subject to the standards required for accounting for uncertainty in income taxes. Management does not believe that the organization has any significant uncertain tax positions that would be material to the consolidated financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in value of split-interest trust 6,487.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Foreign tax withheld 1,218.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Foreign tax withheld 1,218.”

Raw XML AppendixShowing 400 of 470 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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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0596019851
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01217587
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BOCA RATON MUSEUM OF ART
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01217587
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.31940
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0270832
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04250502
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02973
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04027408
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0233852
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0189087
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0240000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04398699
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0192
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04250502
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0288657
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0197046
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04413329
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04398699
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-14630
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04144464
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0600930
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04413329
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0296954
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-35111
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04086130
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt056121
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04144464
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0179102
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0181315
IRS990ScheduleD/DisclosedForCharitablePrpsInd00
IRS990ScheduleD/DisclosedOrgLegCtrlInd00
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01218
IRS990ScheduleD/ExpensesSubtotalAmt01264178
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt02
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt0119465
IRS990ScheduleD/NetUnrealizedGainsInvstAmt017977
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01355426
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1349978
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt252222
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt367243
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0WELLS FARGO - ENDOWMENT ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1WELLS FARGO - FRIEDMAN ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2WELLS FARGO - SUGARMAN CRUT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3WELLS FARGO - WOLGIN CRUT
IRS990ScheduleD/OtherExpensesNotIncludedAmt01218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11290902
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO BOCA RATON MUSEUM OF ART
IRS990ScheduleD/OtherRevenueAmt06487
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01218
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03664033
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS - BB&T
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.68060
IRS990ScheduleD/RevenueNotReportedAmt024464
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01218
IRS990ScheduleD/RevenueSubtotalAmt0287641
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS INCLUDES USE FOR THE CARE, MAINTENANCE AND PRESERVATION OF THE MAYERS AND FRIEDMAN COLLECTION, AS WELL AS FOR FUTURE ACQUISTIONS FOR THE COLLECTION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, WHICH STATES THAT MANAGEMENT'S DETERMINATION OF THE TAXABLE STATUS OF AN ENTITY, INCLUDING ITS STATUS AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY, IS A TAX POSITION SUBJECT TO THE STANDARDS REQUIRED FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT DOES NOT BELIEVE THAT THE ORGANIZATION HAS ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CHANGE IN VALUE OF SPLIT-INTEREST TRUST 6,487.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FOREIGN TAX WITHHELD 1,218.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FOREIGN TAX WITHHELD 1,218.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01824869
IRS990ScheduleD/TotalBookValueSecuritiesAmt03664033
IRS990ScheduleD/TotalExpensesPerForm990Amt01265396
IRS990ScheduleD/TotalLiabilityAmt01309294
IRS990ScheduleD/TotalRevenuePerForm990Amt0288859
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0312105
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01264178
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01217587
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOCA RATON MUSEUM OF ART
IRS990ScheduleI/RecipientTable/RecipientEIN0596019851
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0501 PLAZA REAL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BOCA RATON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033432
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MEET AND REVIEW A DRAFT COPY OF FORM 990. ANY CHANGES OR QUESTIONS ARE DOCUMENTED FOR REVIEW WITH THE TAX PREPARER. THE FORM 990 IS NOT SIGNED AND/OR FILED UNTIL ALL BOARD MEMBERS ARE IN AGREEMENT WITH THE INFORMATION CONTAINED THEREIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST ISSUES ARE ADDRESSED AS THEY ARISE AND ARE BROUGHT TO THE ATTENTION OF THE BOARD OR AN INDIVIDUAL BOARD MEMBER. PROCEDURES ARE FORMULATED ON A CASE BY CASE BASIS AND THE DECISION IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC EITHER UPON REQUEST AND/OR THROUGH ANOTHER'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN VALUE OF SPLIT-INTEREST TRUST 6,487.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 1B (COLUMN E) INCLUDES AN INCREASE IN THE ENDOWMENT FUNDS OF $56,121 DUE TO A PRIOR PERIOD FINANCIAL STATEMENT AUDIT ADJUSTMENT. THIS AMOUNT IS THE RESULT OF FUNDS PREVIOUSLY NOT REFLECTED AS ENDOWMENT FUNDS, NOW BEING PROPERLY REFLECTED AS SUCH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, SCHEDULE D, PART V, ENDOWMENT FUNDS:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BOCA RATON MUSEUM OF ART
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0596019851
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0501 PLAZA REAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOCA RATON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033432
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01217587
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BOCA RATON MUSEUM OF ART
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0769715
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0174380
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06184743
IRS990/TotalAssetsEOYAmt05496879
IRS990/TotalAssetsGrp/BOYAmt06184743
IRS990/TotalAssetsGrp/EOYAmt05496879
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,496,879
Liabilities
$1,309,294
Net assets
$4,187,585
Revenue
$288,859
Expenses
$1,265,396
Net income
-$976,537
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.0$2.22$8.75$0.61$0.24$0.37
2023Detailed filing. Detailed filing data is available for this year.$9.00$1.38$7.62$0.78$0.12$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.97$1.23$6.74$0.53$0.00$0.52
2021Detailed filing. Detailed filing data is available for this year.$9.51$1.22$8.28$1.04$0.53$0.51
2020Detailed filing. Detailed filing data is available for this year.$8.57$1.10$7.47$0.09$0.40$0.30
2019Detailed filing. Detailed filing data is available for this year.$7.92$1.11$6.81$2.94$0.31$2.63
2018Detailed filing. Detailed filing data is available for this year.$5.50$1.31$4.19$0.29$1.27$0.98
2017Detailed filing. Detailed filing data is available for this year.$6.18$1.05$5.14$0.22$0.85$0.63
2016Detailed filing. Detailed filing data is available for this year.$5.61$0.78$4.83$0.99$0.38$0.61
2015Summary only. Only limited summary data is available for this year.$5.81$1.11$4.70$0.20$0.23$0.03
2014Summary only. Only limited summary data is available for this year.$5.87$1.17$4.70$0.21$0.21$0.00
2013Summary only. Only limited summary data is available for this year.$5.71$1.17$4.53$0.17$0.22$0.05
2012Summary only. Only limited summary data is available for this year.$5.75$1.42$4.33$0.61$0.21$0.41
2011Summary only. Only limited summary data is available for this year.$6.07$1.46$4.61$0.89$0.54$0.35