MONTEREY MUSEUM OF ART

MONTEREY, CA, 93940-2805 (831) 372-5477 Est. 1959 EIN 94-1534563

A510— Arts, Culture & Humanities Form 990 501(c)(3)

www.montereyart.org

Mission

THE MONTEREY MUSEUM OF ART CULTIVATES CURIOSITY IN THE VISUAL ARTS AND ENGAGES COMMUNITY WITH THE DIVERSITY OF CALIFORNIA ART - PAST, PRESENT, AND FUTURE.

Financials

Total Revenue

$2,145,552

Total Expenses

$2,721,589

Net Assets

$11,066,608

28 employees 36 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

4.1 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 32.3%

Expenses ↑ 15.5%

Revenue Sources

Contributions 81.6% Earned revenue 3.9% Investment 18.4%

Expense Breakdown

Program 56.3% Management 25.0% Fundraising 18.7%

Officers & Key Employees (14)

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Grants Received (25)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990 Jul 1, 2022 to Jun 30, 2023	$2,145,552 ↓	$2,721,589	$11,066,608
2021 Form 990 Jul 1, 2021 to Jun 30, 2022	$3,167,468 ↑	$2,355,547	$11,317,436
2020 Form 990 Jul 1, 2020 to Jun 30, 2021	$2,159,629 ↓	$2,005,691	$12,384,541
2019 Form 990 Jul 1, 2019 to Jun 30, 2020	$4,591,975 ↑	$2,199,777	$11,376,472
2017 Form 990 Jul 1, 2017 to Jun 30, 2018	$1,732,239	$1,881,814	$9,815,365