Grand Rapids Public Museum
- Assets
- $9.8m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 147
- Location
- Grand Rapids, MI
- Founding
- 03/2008
- Data as of
- 06/2021
- EIN
- 20-5071420
Organization Overview
Grand Rapids Public Museum is located in Grand Rapids, MI. The organization was established in 2008. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Grand Rapids Public Museum employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Rapids Public 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 06/2021, Grand Rapids Public Museum generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $7.5m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GRPM EXISTS TO BE A LIVING MONUMENT OF ARTIFACTS, IDEAS AND STORIES TOLD THROUGH EXHIBITIONS, EVENTS, AND EDUCATIONAL PROGRAMMING DESIGNED TO INSPIRE, MOTIVATE AND CELEBRATE OUR HUMAN BOND. WE ENRICH THE LIVES OF OUR COMMUNITY THROUGH EXPERIENCES OF THE WIDER WORLD IN A UNIQUELY GRAND RAPIDS CONTEXT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRAND RAPIDS PUBLIC MUSEUM SERVES AS A LIVING MONUMENT OF ARTIFACTS, IDEAS AND STORIES TOLD THROUGH EXHIBITS, A PLANETARIUM, EVENTS, AND EDUCATIONAL PROGRAMMING FOCUSED ON HISTORY, SCIENCE AND CULTURE. IN THE LAST YEAR, IN ADDITION TO THE MUSEUM'S THREE FLOORS OF CORE EXHIBITIONS, THE GRPM OFFERED 6 MAJOR TRAVELING OR SPECIAL EXHIBITS, OVER A DOZEN PUBLIC EDUCATIONAL PROGRAMS, NUMEROUS SCHOOL PROGRAMS, AND HOSTED VARIOUS RESEARCHERS AT THE MUSEUM AND ARCHIVES. ADDITIONAL OFFERINGS INCLUDED DIGITAL EDUCATIONAL RESOURCES AND VIRTUAL PROGRAMS TO MEET THE COMMUNITY'S NEEDS AS SHIFTS IN CONTENT ENGAGEMENT CONTINUED POST PANDEMIC. THE GRPM'S VISION IS TO INSTILL PASSIONATE CURIOSITY AND A DEEPER UNDERSTANDING OF THE WORLD AROUND US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlin Feyen Chair | OfficerTrustee | 1 | $0 |
Richard Noreen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Linsey Gleason Director | Trustee | 1 | $0 |
James Haveman Director | Trustee | 1 | $0 |
Lyman Parks Jr Director | Trustee | 1 | $0 |
Lupe Ramos-Montigny Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,766,742 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,436 |
| 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 | $8,206,945 |
| Statement of Expenses | |
|---|---|
| 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. | $443,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,619,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $227,581 |
| Payroll taxes | $245,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,502 |
| Advertising and promotion | $245,536 |
| Office expenses | $151,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,595,944 |
| Travel | $7,954 |
| 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 | $591,717 |
| Insurance | $106,180 |
| All other expenses | $0 |
| Total functional expenses | $7,461,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,330,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $147,692 |
| 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 | $65,771 |
| Prepaid expenses and deferred charges | $556,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,797,722 |
| Accounts payable and accrued expenses | $614,325 |
| Grants payable | $0 |
| Deferred revenue | $119,184 |
| 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 | $733,509 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,064,213 |