ART MUSEUM OF GREATER LAFAYETTE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

ART MUSEUM OF GREATER LAFAYETTE FOUNDATION INC

EIN 31-1085558 · Single Organization Support (A11)

What they do

THE PURPOSE for WHICH THE CORPORATION WAS FORMED WAS EXCLUSIVELY for CHARITABLE and EDUCATIONAL PURPOSES WITHIN THE MEANING of SECTION 501(C)3 of THE UNITED STATES INTERNAL REVENUE CODE of 1954, AS THE SAME MAY BE AMENDED, INCLUDING, for SUCH PURPOSES, THE MAKING of DISTRIBUTIONS to ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)3 of THE INTERNAL REVENUE CODE of 1954, AS THE SAME MAY BE AMENDED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

242.98%of revenue went to mission work90.1% of expenses · Program services

$269.71spent for every $100 of revenueSpending was higher than revenue this year.

26.73%of revenue went to management and office costs9.9% of expenses

$18.36in assets for every $1 spent this yearSome assets cannot be spent right away.

15.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $65,204 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$38,420

Mission workProgram services$93,353242.98% of revenue90.1% of expenses

ManagementOffice and general costs$10,27126.73% of revenue9.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$103,624269.71% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 90.1% mission · 9.9% management · 0.0% fundraisingTotal expenses: 269.71% of revenue

2023Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 61.45% of revenue

2022Expense mix: 83.9% mission · 16.1% management · 0.0% fundraisingTotal expenses: 98.47% of revenue

2021Expense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 90.62% of revenue

2020Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 94.76% of revenue

2019Expense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 353.97% of revenue

2018Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 35.96% of revenue

2017Expense mix: 91.9% mission · 8.1% management · 0.0% fundraisingTotal expenses: 68.22% of revenue

Money in and money out

Revenue$38,420

Expenses$103,624

Annual shortfall $65,204 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$93,353 · 90.1% of expenses

Management and office costs$10,271 · 9.9% of expenses

See all reported dollar amounts

Revenue$38,420

Expenses$103,624

Assets$1,902,104

Income$51,083

Contributions$6,125

Mission work (program services)$93,353

Grants given$588,831

Average grant$73,604

Management and general$10,271

Stocks and bonds$1,870,361

Investing fees$9,797

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (34)

SHEILA KLINKERDIRECTOR

MARIANNE MITTEN OWENDIRECTOR

PRELLA MCBRIDEDIRECTOR

RACHEL SHOOKDIRECTOR

ROB GALBRAITHDIRECTOR

ROBERT WUSECRETARY

RON ALTINGDIRECTOR

SARAH SCHWARZDIRECTOR

SHARON THEOBALDDIRECTOR

MARIANNE ROSEDIRECTOR

STEVE SCHRECKENGASTDIRECTOR

STUART P BOEHNINGDIRECTOR

SUE HOLDER PRICEDIRECTOR

SUSAN CHAVERSDIRECTOR

THOMAS REEDTREASURER

TONY ROSWARSKIDIRECTOR

WILLIE REEDDIRECTOR

JAMES RISK IIIDIRECTOR

ANGIE CURTISDIRECTOR

CAROL PURDYDIRECTOR

CHRISTOPHER SHELMONEX-OFFICIO

ED CHOSNEKDIRECTOR

ERIN EASTERDIRECTOR

GARY HENRIOTTDIRECTOR

GRACE LECHTENBERGDIRECTOR

INGE MARESHDIRECTOR

ADAM HENSONVICE PRESIDE

JEFFREY LOVEPRESIDENT

JIM BODENMILLERDIRECTOR

JOS HOLMANDIRECTOR

JOSEPH SEAMANDIRECTOR

KENDALL SMITHDIRECTOR

LAURA VANIERDIRECTOR

LISA SCHRADERDIRECTOR

About this charity

Recognized since: January 2023
Location: 102 S 10TH ST, LAFAYETTE, IN 47905-1173
County: Tippecanoe
In care of: THOMAS REED
Primary officer: THOMAS REED, TREASURER

How to reach them

Phone(765) 742-1128

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: HUTH THOMPSON LLP
NTEE classification: Single Organization Support (A11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes