San Angelo Museum of Fine Arts

“Part III, Line 1A:Collection items acquired either through purchase or fonation are not capitalized. purchases of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Contributions of collection items are not recognized in the statement of activities. Proceeds from deaccessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.”

“The Museum's collection consists of 1,574 objects, or which 1,354 are in the permanent collection. Through some recent generous gifts, the Museum has acquired a significant number of works by Texas artists, especially works created since 1945. This is one of the areas of focused interest for the Museum's permanent collection, as well as American crafts created since 1945, with an emphasis on the ceramic arts, and American painting and sculpture of all eras as well as Mexican and Mexican-American art of all eras.Among its areas of concentration, the Museum has established a distinguished collection of contemporary American ceramics, many purchased from the national ceramic competitions held at the museum. A unique feature of the museum is its visible storage facility for the ceramics collection, which is always available to visitors of the museum.The collection was established for the purpose of providing the community with a greater understanding of aesthetic and artistic traditions and human achievement in the visual arts.”

“The Museum's endowment is utilized to support the mission of the Museum, including preservation, exhibition, and maintenance of the Museum's collection, as well as education and other programs of the Museum.”