Civic Intelligence

Tacoma Art Museum

EIN 91-0697444 • 501(c)3 • Tacoma, WA

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Profile

Tacoma art museum's mission is to transform our communities by sharing art that inspires broader, perspectives. Tam serves our community through our collections, dynamic exhibition programming, and education programming, including free community festivals and public talks.

1701 Pacific AvenueTacoma, WA 98402

www.tacomaartmuseum.org

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.13x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

3rd percentile

-67%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

10th percentile

$127,552

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

24th percentile

-0.6%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

164%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$58,575,495

Down $356,136 (-0.6%) from 2023

Liabilities

Up

$425,301

Up $152,274 (+56%) from 2023

Net Assets

Down

$58,150,194

Down $508,410 (-0.9%) from 2023

Operations
Liabilities / Revenue25th percentileNet Margin3rd percentile

Revenue

Up

$3,350,463

Up $2,080,954 (+164%) from 2023

Expenses

Down

$5,597,439

Down $641,920 (-10%) from 2023

Net Income

Up

-$2,246,976

Up $2,722,874 (+55%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

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

$80M$60M$40M$20M$0Assets 2011: $45,470,077Liabilities 2011: $10,239,944Net Assets 2011: $35,230,1332011Assets 2012: $44,877,078Liabilities 2012: $10,381,089Net Assets 2012: $34,495,9892012Assets 2013: $68,638,193Liabilities 2013: $10,780,346Net Assets 2013: $57,857,8472013Assets 2014: $72,322,841Liabilities 2014: $11,768,912Net Assets 2014: $60,553,9292014Assets 2015: $65,093,372Liabilities 2015: $10,392,182Net Assets 2015: $54,701,1902015Assets 2016: $73,334,169Liabilities 2016: $10,372,097Net Assets 2016: $62,962,0722016Assets 2017: $75,358,906Liabilities 2017: $10,153,807Net Assets 2017: $65,205,0992017Assets 2018: $75,616,558Liabilities 2018: $9,778,174Net Assets 2018: $65,838,3812018Assets 2019: $73,142,526Liabilities 2019: $8,807,408Net Assets 2019: $64,335,1172019Assets 2020: $69,612,277Liabilities 2020: $8,335,363Net Assets 2020: $61,276,9142020Assets 2021: $74,333,248Liabilities 2021: $7,301,491Net Assets 2021: $67,031,7572021Assets 2022: $66,150,691Liabilities 2022: $6,956,758Net Assets 2022: $59,193,9332022Assets 2023: $58,931,631Liabilities 2023: $273,027Net Assets 2023: $58,658,6042023Assets 2024: $58,575,495Liabilities 2024: $425,301Net Assets 2024: $58,150,1942024

Highlighted filing

2024

Assets$58,575,495
Liabilities$425,301
Net Assets$58,150,194
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

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

$20M$10M$0-$10MRevenue 2011: $6,253,725Expenses 2011: $4,414,257Net Income 2011: $1,839,4682011Revenue 2012: $5,221,258Expenses 2012: $4,297,031Net Income 2012: $924,2272012Expenses 2013: $4,064,5762013Revenue 2014: $4,872,757Expenses 2014: $4,310,652Net Income 2014: $562,1052014Revenue 2015: $2,131,358Expenses 2015: $7,122,759Net Income 2015: -$4,991,4012015Revenue 2016: $15,120,398Expenses 2016: $6,052,686Net Income 2016: $9,067,7122016Revenue 2017: $5,489,238Expenses 2017: $5,952,363Net Income 2017: -$463,1252017Revenue 2018: $6,745,601Expenses 2018: $5,388,517Net Income 2018: $1,357,0842018Revenue 2019: $4,295,378Expenses 2019: $5,720,426Net Income 2019: -$1,425,0482019Revenue 2020: $3,629,291Expenses 2020: $5,565,599Net Income 2020: -$1,936,3082020Revenue 2021: $4,980,313Expenses 2021: $5,125,452Net Income 2021: -$145,1392021Revenue 2022: $8,108,662Expenses 2022: $7,043,148Net Income 2022: $1,065,5142022Revenue 2023: $1,269,509Expenses 2023: $6,239,359Net Income 2023: -$4,969,8502023Revenue 2024: $3,350,463Expenses 2024: $5,597,439Net Income 2024: -$2,246,9762024

Highlighted filing

2024

Revenue$3,350,463
Expenses$5,597,439
Net Income-$2,246,976
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,575,495
Liabilities
$425,301
Net assets
$58,150,194
Revenue
$3,350,463
Expenses
$5,597,439
Net income
-$2,246,976
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.6$0.43$58.2$3.35$5.60$2.25
2023Detailed filing. Detailed filing data is available for this year.$58.9$0.27$58.7$1.27$6.24$4.97
2022Detailed filing. Detailed filing data is available for this year.$66.2$6.96$59.2$8.11$7.04$1.07
2021Detailed filing. Detailed filing data is available for this year.$74.3$7.30$67.0$4.98$5.13$0.15
2020Summary only. Only limited summary data is available for this year.$69.6$8.34$61.3$3.63$5.57$1.94
2019Summary only. Only limited summary data is available for this year.$73.1$8.81$64.3$4.30$5.72$1.43
2018Summary only. Only limited summary data is available for this year.$75.6$9.78$65.8$6.75$5.39$1.36
2017Summary only. Only limited summary data is available for this year.$75.4$10.2$65.2$5.49$5.95$0.46
2016Summary only. Only limited summary data is available for this year.$73.3$10.4$63.0$15.1$6.05$9.07
2015Summary only. Only limited summary data is available for this year.$65.1$10.4$54.7$2.13$7.12$4.99
2014Detailed filing. Detailed filing data is available for this year.$72.3$11.8$60.6$4.87$4.31$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.6$10.8$57.9$4.06
2012Summary only. Only limited summary data is available for this year.$44.9$10.4$34.5$5.22$4.30$0.92
2011Summary only. Only limited summary data is available for this year.$45.5$10.2$35.2$6.25$4.41$1.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$9,913,109
Mission and Program Overview

Mission

Connecting people through art and serving the community through on-site and off-site programming and free community days.

Tacoma Art Museum transforms our communities by sharing art that inspires broader perspectives and cultivates a compassionate future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,670,483$31,506,853▼ $1,163,630
Investments in Publicly Traded Securities$22,452,262$23,375,553▲ $923,291
Pledges and Grants Receivable$1,652,725$1,545,521▼ $107,204
Inventories for Sale or Use$133,726$131,276▼ $2,450
Prepaid Expenses and Deferred Charges$125,788$100,113▼ $25,675
Cash and Non-Interest-Bearing Accounts$330,074$97,078▼ $232,996
Accounts Receivable$12,295$28,950▲ $16,655
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$58,931,631$58,575,495▼ $356,136
Other Assets Total$1,554,278$1,790,151▲ $235,873
Liabilities
Accounts Payable and Accrued Expenses$203,817$339,179▲ $135,362
Deferred Revenue$69,210$86,122▲ $16,912
Total Liabilities$273,027$425,301▲ $152,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,924,710$32,392,864▼ $2,531,846
Net Assets With Donor Restrictions$23,733,894$25,757,330▲ $2,023,436
Total Net Assets Fund Balance$58,658,604$58,150,194▼ $508,410
Total Liabilities and Net Assets / Fund Balance$58,931,631$58,575,495▼ $356,136

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,907,069$15,553,773$44,460,842
Other Land Buildings$756,190$2,254,054$3,010,244
Land$1,843,594-$1,843,594

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$20,872,822$305,162▲ $2,487,716$1,505,576$22,160,124
2022$28,930,139$315,000▲ $1,787,843$10,160,160$20,872,822
2021$34,993,661$396,481▼ $4,946,139$1,513,864$28,930,139
2020$29,145,908-▲ $7,406,797$1,476,532$34,993,661
2019$30,602,328$150,000▼ $145,873$1,379,134$29,145,908
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andy MausExecutive DirectorFT$109,950$17,602$127,552
Nicole CurtisDirector of FinanceFT$68,652$5,620$74,272

Board Members and Trustees

NameTitle
Jeff WilliamsPast President
Pamela TransuePresident
Dona PonepintoVice President
Kim ParrisVice President
Addison GregoryTrustee
Ali ModarresTrustee
Bernal BacaTrustee
Brooke Benaroya DicksonTrustee
Chris SpadaforeTrustee
Diane BennionTrustee
Gary OwenTrustee
Janet WernerTrustee
Jemima McCullumTrustee
Jerry O'LearyTrustee
Judy PerryTrustee
Kim KvaalTrustee
Klair EthridgeTrustee
Lisa MansfieldTrustee
Lisa SharpTrustee
Lori Forte HarnickTrustee
Manny SantiagoTrustee
Neel ParikhTrustee
Jacqueline JusticeSecretary
Hoan TranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,658,437
Program Service Revenue
$450,668
Investment Income
$1,116,540
Other Revenue
$124,818
All Other Contributions
$1,157,259
Change in Net Assets
$-2,246,976

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
Securities Publicly Traded6$88,724Fair Market Value (FMV)
Other Non Cash Contri Table55$41,031Fair Market Value (FMV)
Other Non Cash Contri Table1$8,500Fair Market Value (FMV)
Total Noncash Contributions62$138,255-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,263,684
Revenue Not Reported on Financial Statements
$86,779
Revenue Not Reported on Form 990
$1,863,886
Total Revenue per Audited Statements
$5,127,570
Total Revenue per Form 990
$3,350,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,900,731
Salaries, Compensation, and Employee Benefits$2,677,673
Total Fundraising Expense$527,905
Professional Fundraising Fees$19,035
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,251,265$508,850$243,506$2,003,621
Depreciation Depletion$745,228$536,332-$1,281,560
Fees for Services Other$228,346$135,340$71,098$434,784
Current Officers, Directors, Trustees, and Key Employees$37,852$145,232$76,288$259,372
Occupancy$149,977$107,917-$257,894
Payroll Taxes$134,717$67,409$33,510$235,636
Office Expenses$132,524$48,576$16,560$197,660
Other Employee Benefits$107,031$44,520$27,493$179,044
Insurance$36,700$82,452-$119,152
Fees for Service Investment Mgmnt Fees-$86,779-$86,779
Other Expenses$38,770$25,295$2,426$66,491
Advertising$57,668--$57,668
Fees for Services Accounting-$43,328-$43,328
Fees for Services Legal-$39,377-$39,377
Interest$6,450$19,473$9,047$34,970
Travel$18,998$7,762$179$26,939
Fees for Services Professional Fundraising--$19,035$19,035
All Other Expenses$730--$730
Total Functional Expenses$3,044,640$2,024,894$527,905$5,597,439

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,635,980
Total Expenses per Form 990$5,597,439
Expenses per Audited Statements$5,510,660
Expenses Not Reported on Form 990$125,320
Expenses Not Reported on Financial Statements$86,779
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$89,325
Fundraising Gross Income$58,664
Professional Fundraising Fees$19,035

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$294,842$58,664$23,599$35,065
Total Events$294,842$58,664$89,325$-30,661
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Part VI, Section A, Line 4

“The Bylaws were revised.”

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

“The 990 is prepared by an external tax preparer and subsequently has historically been reviewed by the Financ Committee. An electronic version of the Form 990 is then sent to the full board prior to the signing and submission of the return to the IRS.”

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

“The organization's conflict of interest policy applies to the following persons: trustees, officers of affiliate groups, non-trustee committee members, and all senior management. A determination as to whether a conflict of interest may occur is decided by the board or an applicable organization committee. All applicable parties must disclose all current and potential conflicts of interest by completing and submitting a disclosure statement no later than September 30th of each year. Disclosure statements are reviewed by officers of the board and the organization's auditors. If matters come under consideration in the course of organization business, the person involved must promptly disclose any conflict for the written record to the board president. If a conflict of interest is determined, the person involved will be restricted from voting on the matter in question. Trustees, community members, and key staff annually sign a statement acknowledging they have reviewed and comply with the organization's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“The Executive Committee determines compensation for the Executive Director position. Compensation range is based on comparable organization, region, annual budget, and the annual AAMD salary survey. Once determined by the Executive Committee, the Executive Director's compensation is then approved by the board. The Executive Director position's salary was last reviewed upon hire of new Executive Director in June 2023. Documentation of compensation discussions are recorded within the Executive Director's annual review.”

Form 990, Part VI, Section C, Line 19

“The year-end financial statements are available on the organization's website. Conflict of interest policies and governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Tacoma Art Museum
EIN
91-0697444
Phone
2532724258
Address
1701 Pacific Avenue, Tacoma, WA 98402

Signing Officer

Name
Andy Maus
Title
Executive Director
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Maus
Formed
1935
Legal Domicile
Wa
Voting Board Members
24
Independent Board Members
24
Employees
40
Volunteers
24

Preparer

Firm
Jacobson Lawrence & Associates Pllc
Address
200 FIRST AVENUE W SUITE 302, SEATTLE, WA 98119
Preparer
Zoe Joens CPA MSTax
Phone
9095937431
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

“TAM has a wide collection of artwork that speaks to a wide range of people and is uniquely different from other pieces of art in the collection.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Special Events $89325 COGS $35995”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Special Events $89325 COGS $35995”

Raw XML AppendixShowing 400 of 811 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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