FIT MUSEUM OF ART INC Charity Report

Public IRS 990 nonprofit record

FIT MUSEUM OF ART INC

EIN 59-1804524

What they do

THE FIT MUSEUM of ART, INC. ENHANCES and ENRICHES THE QUALITY of LIFE of THE COMMUNITY and ITS VISITORS WITH AN ENDURING APPRECIATION of ART THROUGH EXHIBITIONS, COLLECTIONS and EDUCATIONAL PROGRAMS WHICH ENLIGHTEN and INSPIRE THE HUMAN CREATIVE SPIRIT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.30 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 2021The report may be old. Ask for a newer one.

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

They name their leaders36 people are listed in the latest report.

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

Money made simple

2.08%of revenue went to mission work93.3% of expenses · Program services

$2.23spent for every $100 of revenueRevenue covered expenses this year.

0.15%of revenue went to management and office costs6.7% of expenses

0.1%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.

Pay context: The highest compensation shown in this filing is $26,000 for T DWAYNE MCCAY (PRESIDENT/ C). 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 2021

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$1,249,942

Mission workProgram services$25,9792.08% of revenue93.3% of expenses

ManagementOffice and general costs$1,8630.15% of revenue6.7% of expenses

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

Revenue left after expensesReported annual surplus$1,222,10097.77% of revenueShown in gray on the chart

Total expenses$27,8422.23% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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

2021CurrentExpense mix: 93.3% mission · 6.7% management · 0.0% fundraisingTotal expenses: 2.23% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 145.95% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 117.68% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 53.74% of revenue

2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 282.58% of revenue

Money in and money out

Revenue$1,249,942

Expenses$27,842

Annual surplus $1,222,100 Revenue was higher than expenses 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)$25,979 · 93.3% of expenses

Management and office costs$1,863 · 6.7% of expenses

See all reported dollar amounts

Revenue$1,249,942

Expenses$27,842

Contributions$1,000

Mission work (program services)$25,979

Management and general$1,863

People

Leadership and board

Tax year 2021

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

People reported as paid

Person and titleCompensation

T DWAYNE MCCAYPRESIDENT/ C · 2 hrs/week $26,000Base · Other $26,000

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 (36)

T DWAYNE MCCAYPRESIDENT/ C

MR KENDALL T MOORETRUSTEE

MR JOSEPH M FLAMMIOTRUSTEE EMER

MR MAHESH SHAHTRUSTEE

MR MICHAEL SCAFATITRUSTEE

MR RICHARD P MCNEIGHTTRUSTEE

MR RICHARD R PORTERTRUSTEE

MR ROBERT L PHEBUSTRUSTEE

MR SCOTT J SEYMOURTRUSTEE

MR STEVEN FREEMANTRUSTEE

MR THOMAS FOLLIARDTRUSTEE

MR TIM WAKEFIELDTRUSTEE

MR VIKRAM VERMATRUSTEE

MR WILLIAM C POTTERTRUSTEE EMER

MR WILLIAM R MUNSTRUSTEE

MRS ELIZABETH J SWANNTRUSTEE

MS BOBBIE DYERTRUSTEE

MS DANA KILBOURNETRUSTEE

MS KRISTEN DREGGORSTRUSTEE

MR JOSEPH CARUSOTRUSTEE

DR RAYMOND A ARMSTRONGTRUSTEE EMER

DR RICHARD N BANEYTRUSTEE EMER

DR SVAFA GRONFELDTTRUSTEE

GE ANN DUNWOODYTRUSTEE

MR ALAN L PRESTWOODTRUSTEE

MR BRIAN CRANETRUSTEE

MR D TRAVIS PROCTORTRUSTEE

MR DALE DETMERTRUSTEE

MR DAVID WELDONTRUSTEE

MR DOUG FLUTIETRUSTEE

MR ERIK E JOHTRUSTEE EMER

MR F ALAN SMITHTRUSTEE

MR JAMES WONGTRUSTEE

MR JAMES E PRUITTTRUSTEE EMER

MR JAMES L FISHER PHDTRUSTEE EMER

MR JOHN R HEWITTTRUSTEE

About this charity

Location: 150 W UNIVERSITY BLVD, MELBOURNE, FL 329016975
County: Brevard
In care of: KATHLEEN MCDERMOTT
Primary officer: KATHLEEN MCDERMOTT, INTERIM CFO

How to reach them

WebsiteVisit the charity’s website Phone(321) 674-7297

Filing and classification

Latest tax year: 2021
Tax period began: July 1, 2021
Return type: 990
Tax preparer: BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC