Foundation For The Mint Museum
- Assets
- $17.2m
- Revenue
- $2.0m
- Investments
- $17.3m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 20-2749804
Organization Overview
Foundation For The Mint Museum is located in Charlotte, NC. The organization was established in 2006. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Mint Museum 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 06/2022, Foundation For The Mint Museum generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $327.8k during the year ending 06/2022. 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
FOUNDATION FOR THE MINT MUSEUM HOLDS AND MANAGES ENDOWMENT FUNDS WITH THE PURPOSE OF SUPPORTING THE OPERATIONS AND PROGRAMMING OF THE MINT MUSEUM OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS FROM ENDOWMENT FUNDS HELP SUPPORT PROGRAMMING AND EXHIBITIONS AT THE MINT MUSEUM OF ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Bowles Board Chair | OfficerTrustee | 0.5 | $0 |
John Switzer Director | Trustee | 0.5 | $0 |
Angie Zimmern Director | Trustee | 0.5 | $0 |
Weston Andress Director | Trustee | 0.5 | $0 |
Trey Sheridan Director | Trustee | 0.5 | $0 |
Paul Wright IV Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,013,545 |
| Noncash contributions included in lines 1a–1f | $2,002,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,013,545 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,001,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,516 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,808 |
| Fees for services: Other | $86,481 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $327,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$6,985 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,256,433 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,249,448 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $17,249,448 |
| 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 | $17,249,448 |
Endowment Analysis
| Beg. Balance | $17,467,399 |
| Earnings | -$1,968,499 |
| Admin Expense | $86,481 |
| Net Contributions | $2,013,545 |
| Grants | $176,516 |
| Ending Balance | $17,249,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Virginia Foundation For The Humanities And Public Policy Charlottesville, VA | $13,497,972 | $6,667,303 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Americans For Public Trust Alexandria, VA | $249,074 | $3,628,537 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Chesterfield Cultural Arts Foundation Chester, VA | $1,189,257 | $621,062 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |