EDMUNDSON ART FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

EDMUNDSON ART FOUNDATION INC

EIN 42-0680419 · Arts, Culture & Humanities (A510)

What they do

THE DES MOINES ART CENTER ENGAGES DIVERSE LOCAL, NATIONAL, and INTERNATIONAL AUDIENCES WITH THE ART of TODAY THROUGH ITS MUSEUM and SCHOOL, ADDING to THE CULTURAL RECORD THROUGH COLLECTIONS and PROGRAMS. THE DES MOINES ART CENTER BELIEVES IN THE POWER of ART to INSPIRE PERSONAL TRANSFORMATION. WE COMMIT to EXHIBIT and EXPLORE THOUGHT PROVOKING MODERN and CONTEMPORARY ART. WE CONNECT PEOPLE and ART BY OFFERING OPPORTUNITIES for FEELING, IMAGINING, DREAMING and CREATING. WE PROMOTE CURIOSITY and EMBRACE CRITICAL and EMPATHETIC THINKING WITH A SPIRIT of OPENNESS. WE STRIVE to BE A WELCOMING and EQUITABLE CULTURAL RESOURCE. THIS EFFORT to ENSURE ACCESS to ART for EVERYONE HAS BEEN A CORE TENET of THE MUSEUM SINCE ITS FOUNDING. ADMISSION is ALWAYS FREE for ALL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.10 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 leaders30 people are listed in the latest report.

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

Money made simple

100.32%of revenue went to mission work76.1% of expenses · Program services

7.46%of revenue went to fundraising5.7% of expenses

$131.75spent for every $100 of revenueSpending was higher than revenue this year.

23.97%of revenue went to management and office costs18.2% of expenses

$14.22in assets for every $1 spent this yearSome assets cannot be spent right away.

48.4%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 $2,978,738 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $383,535 for KELLY BAUM (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

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$9,381,811

Mission workProgram services$9,411,940100.32% of revenue76.1% of expenses

ManagementOffice and general costs$2,248,63423.97% of revenue18.2% of expenses

FundraisingAsking for donations$699,9757.46% of revenue5.7% of expenses

Total expenses$12,360,549131.75% 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: 76.1% mission · 18.2% management · 5.7% fundraisingTotal expenses: 131.75% of revenue

2023Expense mix: 75.2% mission · 18.1% management · 6.7% fundraisingTotal expenses: 93.91% of revenue

2022Expense mix: 70.6% mission · 22.6% management · 6.8% fundraisingTotal expenses: 74.99% of revenue

2021Expense mix: 77.9% mission · 11.6% management · 10.6% fundraisingTotal expenses: 48.36% of revenue

2020Expense mix: 76.3% mission · 11.5% management · 12.2% fundraisingTotal expenses: 115.33% of revenue

2019Expense mix: 81.8% mission · 8.3% management · 9.9% fundraisingTotal expenses: 111.14% of revenue

2018Expense mix: 79.7% mission · 9.8% management · 10.5% fundraisingTotal expenses: 107.79% of revenue

2017Expense mix: 76.8% mission · 9.0% management · 14.2% fundraisingTotal expenses: 108.98% of revenue

Money in and money out

Revenue$9,381,811

Expenses$12,360,549

Annual shortfall $2,978,738 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)$9,411,940 · 76.1% of expenses

Management and office costs$2,248,634 · 18.2% of expenses

Fundraising$699,975 · 5.7% of expenses

See all reported dollar amounts

Revenue$9,381,811

Expenses$12,360,549

Assets$175,729,839

Income$14,583,333

Contributions$4,536,649

Mission work (program services)$9,411,940

Fundraising$699,975

Management and general$2,248,634

Stocks and bonds$75,091,854

Accounting fees$42,184

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

KELLY BAUMEXECUTIVE DIRECTOR · 40 hrs/week $383,535Base $343,164 · Other $40,371

BONNIE VALVERDESENIOR DIR OF FINANCE & OPS · 40 hrs/week $199,068Base $167,501 · Other $31,567

CALEB HEGNASENIOR DIR OF DEVELOPMENT · 40 hrs/week $152,276Base $139,223 · Other $13,053

JILL FEATHERSTONESENIOR DIR OF MUSEUM LEARNING, EDUCATION, AND COMM · 40 hrs/week $113,990Base $108,080 · Other $5,910

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

KELLY BAUMEXECUTIVE DIRECTOR

BONNIE VALVERDESENIOR DIR OF FINANCE & OPS

CALEB HEGNASENIOR DIR OF DEVELOPMENT

JILL FEATHERSTONESENIOR DIR OF MUSEUM LEARNING, EDUCATION, AND COMM

RENEE MONTZSECRETARY

LAURA CREIGHTONTRUSTEE

LIZ ADELMANTRUSTEE

MARY CHAPMANTRUSTEE

MIKE SIMONSONTRUSTEE

PAMELA BASS-BOOKEYTRUSTEE

PATRICIA MCFARLANDTRUSTEE

KATE HIGHTSHOE-LAMBERTTRUSTEE

RICHARD DEMINGTRUSTEE

RICK BALLINGERTRUSTEE

TIM HICKMANTRUSTEE

TOM KOEHNTRUSTEE

VIRGINA LAURIDSENTRUSTEE

KYLE KRAUSETRUSTEE

AMY ANDERSONVICE PRESIDENT

JOHN KRANTZTRUSTEE

JEFF CHUNGATHTRUSTEE

JASON GROSSPRESIDENT

EVA ANDERSONTRUSTEE

ELLEN YEETRUSTEE

ELLEN HUBBELLTRUSTEE

DAWN MARTINEZ OROPEZATRUSTEE

DARREN JIRSACHAIRPERSON AND EX-OFFICIO

DAN KEOUGHTRUSTEE

CRAIG SHADURTRUSTEE

ANDREA ABELTREASURER

About this charity

Recognized since: January 1949
Location: 4700 Grand Avenue, Des Moines, IA 50312
County: Polk
In care of: Bonnie Valverde
Primary officer: Bonnie Valverde, SENIOR DIR OF FINANCE & OPERATIONS

How to reach them

WebsiteVisit the charity’s website Phone(515) 277-4405

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Arts, Culture & Humanities (A510)