John F Kennedy Hyannis Museum Foundation Inc
- Assets
- $1.7m
- Revenue
- $564.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Hyannis, MA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 20-0177247
Organization Overview
John F Kennedy Hyannis Museum Foundation Inc is located in Hyannis, MA. The organization was established in 2014. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, John F Kennedy Hyannis Museum Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John F Kennedy Hyannis Museum Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, John F Kennedy Hyannis Museum Foundation Inc generated $564.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $463.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE JOHN F. KENNEDY HYANNIS MUSEUM FOUNDATION PRESERVES AND PROMOTES THE LEGACY OF PRESIDENT KENNEDY, HIS FAMILY, AND THEIR DEEP CONNECTION TO CAPE COD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHN F. KENNEDY MUSEUM FOUNDATION'S COLLECTIONS AND EXHIBITS COMPRISE VIDEOS AND PHOTOGRAPHS SPANNING THE YEARS 1934 TO 1963 AND IS ARRANGED IN THEMATIC GROUPINGS TO REFLECT JOHN F. KENNEDY, HIS FAMILY, HIS FRIENDS AND THE CAPE COD HE SO DEARLY LOVED. IN ADDITION TO PHOTOGRAPHY, A VIDEO NARRATED BY WALTER CRONKITE DEPICTS THE PRESIDENT'S EXPERIENCES ON THE CAPE. SEVERAL THEMED AREAS INCLUDE CHARGED ORAL HISTORIES OF JFK'S FRIENDS. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN.
THE MUSEUM, IN THE ORDINARY COURSE OF BUSINESS, OPERATES A GIFT SHOP FOR THE BENEFIT OF THE MUSEUM'S ATTENDEES. THE OPERATION OF THE GIFT SHOP CONTRIBUTES IMPORTANTLY TO ACCOMPLISHING THE ORGANIZATION'S EXEMPT PURPOSES. FURTHER, THE MERCHANDISE AVAILABLE FOR SALE IS SUBSTANTIALLY RELATED TO, AND SUPPORTS THE MUSEUM'S STATED MISSION. THE GIFT SHOP PROVIDES UNIQUE PRODUCTS INSPIRED BY THE COLLECTION AND THE LEGACY OF PRESIDENT KENNEDY.
THE JOHN F. KENNEDY HYANNIS MUSEUM FOUNDATION HAS A STRATEGIC GOAL TO BRING THE EDUCATIONAL AND YOUTH PROGRAMS AND CURRICULA TO A WHOLE NEW LEVEL. THE FOUNDATION LAUNCHED A "YOUTH SPEAKER SERIES" IN THE 4TH QUARTER OF 2013 WHICH IS FOCUSED ON PRESENTATION AND PUBLIC EVENTS DIRECTED AT THE CAPE AND ISLANDS STUDENTS AS WELL AS YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Northcross Executive Director | Officer | 24 | $42,445 |
Peter Ubertaccio Board Chair | OfficerTrustee | 1 | $0 |
Anne-Marie Litchfield Vice Chair | OfficerTrustee | 1 | $0 |
Kevin Howard Secretary | OfficerTrustee | 1 | $0 |
Brian Carey Treasurer | OfficerTrustee | 1 | $0 |
Joanne Bauer Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,489 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,011 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,703 |
| Total Program Service Revenue | $492,476 |
| Investment income | $415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $564,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,445 |
| Compensation of current officers, directors, key employees. | $10,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,329 |
| Advertising and promotion | $23,900 |
| Office expenses | $27,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,144 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,811 |
| Insurance | $8,297 |
| All other expenses | $4,747 |
| Total functional expenses | $463,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,949 |
| Savings and temporary cash investments | $513,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,867 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $249,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,500 |
| Other assets | $730,966 |
| Total assets | $1,694,748 |
| Accounts payable and accrued expenses | $21,070 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $754,365 |
| Total liabilities | $775,435 |
| Net assets without donor restrictions | $831,251 |
| Net assets with donor restrictions | $88,062 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,694,748 |