New Orleans Museum of Art

“In conformity with the practice followed by many museums, art purchased and donated is not capitalized. During 2024 and 2023, the cost of collection items purchased and reported by the museum as a decrease in net assets without donor restriction was $2,142,448 and $1,753,221 respectively. When not on display in the permanent collection galleries, the objects are maintained in climatecontrolled storage. The museum maintains policies and procedures addressing the maintenance and conservation of the collections and other aspects of its management, including accession and deaccession policies. The museum employs a professional curatorial staff whose function is to care for its collections; carry out research on the objects in the collections; organize special exhibitions on particular subjects or themes; write scholarly interpretative articles, catalogues, and books on art subjects; recommend and oversee needed restoration and conservation treatment on objects in the collections; cultivate and advise private art collectors and encourage donations; seek out and recommend objects for acquisition or deaccession by the museum; train volunteer docents to give guided tours of the museum; devise and implement educational programs such as lectures, symposiums, films, concerts, family festivals on specific themes, studio art classes, and other outreach methods; family and teacher workshops for designated public schools.”

“The museum employs a professional curatorial staff whose function is to care for its collections; carry out research on the objects in the collections; organize special exhibitions on particular subjects or themes; write scholarly interpretative articles, catalogues, and books on art subjects; recommend and oversee needed restoration and conservation treatment on objects in the collections; cultivate and advise private art collectors and encourage donations; seek out and recommend objects for acquisition or deaccession by the museum; train volunteer docents to give guided tours of the museum; devise and implement educational programs such as lectures, symposiums, films, concerts, family festivals on specific themes, studio art classes, and other outreach methods; family and teacher workshops for designated public schools.”

“Support directorship, curatorships, collections, educational programming, art purchases, and museum operations.”

“The museum is exempt from income tax under irc section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The museum has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The museum has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.”

“Rental expenses 165,724. Cost of goods sold 210,681.”

“Fundraising expenses 110,000.”

“Rental expenses 165,724. Cost of goods sold 210,681.”

“Fundraising expenses 110,000.”