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CHARITY REVIEW
Issued: August 2023 Expires: August 2025

Museum of Art Fort Collins

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
201 S. College Avenue, Suite 101
Fort Collins, CO, 80524

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Museum of Art Fort Collins meets the 20 Standards for Charity Accountability.

Stated Purpose:
To boldly explore contemporary society through art–enlightening, educating, and providing arts leadership for our region. We connect art, artists and community. 

Year, State Incorporated:
1983, CO

The MoA for All program addresses the barriers to equity and inclusion, social justice, and diversity through exhibitions, programs, and community engagement with visual arts. Through volunteer ambassadors and partnerships with agencies that serve the underrepresented, we provide an accessible place to explore the artist within, educate about the power of art, and create a sense of belonging for all. 

For the year ended December 31, 2021, Museum of Art Fort Collins's program expenses were:

Programs $311,348
Total Program Expenses $311,348

Chief Executive
Lisa Hatchadoorian, Executive Director

Chair of the Board
Fran Hardman, Owner

Chair's Profession / Business Affiliation
RE/MAX Advanced, Fort Collins

Board Size
12

Paid Staff Size
6

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Membership appeals, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 11.96%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Museum of Art Fort Collins's IRS Form 990 for the year ended December 31, 2021.

Source of Funds
Contributions and Grants $201,283
Program Service Revenue $107,357
Other Revenue $68,886
Investment Income $5,133
Total Income $382,659

Programs: 85% Fundraising: 7% Administrative: 8%

Total Income $382,659
Total expenses: $365,620
  Program expenses $311,348
  Fundraising expenses $24,079
  Administrative expenses $30,193
  Other expenses $0
Income in Excess of Expenses $17,039
Beginning Net Assets $474,416
Other Changes In Net Assets $40,268
Ending Net Assets $531,723
Total Liabilities $75,689
Total Assets $607,412

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Serving Northern Colorado and Wyoming