And/Or Gallery Show #25: The Open Show
August 2009
The 990 is an IRS public tax form that non-profit institutions are required to file which exposes many of
their finanical records. For the final show
at And/Or we present a form 990 for the gallery to show what our operating expenses, donations, and
sales look like. Although And/Or Gallery was run as a for-profit business and never filed a form 990, the dollar values are the same
as the gallery's actual tax form. For comparison, we are also showing the real 990 tax forms
from The Dallas Center for Contemporary Art, The McKinney Avenue Contemporary, and The Dallas Museum of Art.
During the three
and a half years that the gallery was open, it typically cost around $20,000 each year to operate, and we usually cleared enough
in sales to only come up a couple thousand short. The majority of our sales were to European collectors who never visited
the gallery.
And/Or Gallery 990 form
Dallas Contemporary 990 form
McKinney Avenue Contemporary (The MAC) 990 form
Dallas Museum of Art 990 form
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