Morris Museum Inc
- Assets
- $16.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 37
- Location
- Morristown, NJ
- Founding
- 10/1954
- Data as of
- 06/2021
- EIN
- 22-1514241
Organization Overview
Morris Museum Inc is located in Morristown, NJ. The organization was established in 1954. 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, Morris Museum Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris Museum 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 06/2021, Morris Museum Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. 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
INTERPRETING THE PAST AND DISCOVERING THE FUTURE THROUGH ART, SOUND, AND MOTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1913, THE MORRIS MUSEUM IS AN AWARD-WINNING, MULTIFACETED ARTS AND CULTURAL INSTITUTION SERVING THE PUBLIC THROUGH ITS EXHIBITIONS AND PERFORMANCES, WHICH STRIVE TO INTERPRET THE PAST AND DISCOVER THE FUTURE THROUGH ART, SOUND, AND MOTION. THE MUSEUM IS HOME TO THE HISTORIC AND INTERNATIONALLY-SIGNIFICANT MURTOGH D. GUINNESS COLLECTION OF MECHANICAL MUSICAL INSTRUMENTS AND AUTOMATA. THE MUSEUM'S BICKFORD THEATRE IS A 312-SEAT PERFORMING-ARTS FACILITY, OFFERING UNIQUE PROGRAMMING IN FILM, JAZZ, AND LIVE PERFORMANCE THROUGH ITS INNOVATIVE SERIES, LIVE ARTS. IN SEPTEMBER 2021, MORRIS MUSEUM LAUNCHED SPARK!LAB, A DYNAMIC, SMITHSONIAN-CREATED LEARNING SPACE WHICH WILL INSPIRE YOUNG VISITORS TO CREATE, COLLABORATE, AND INNOVATE.
IN 2019 THE MORRIS MUSEUM WAS SELECTED BY THE SMITHSONIAN INSTITUTION TO JOIN ITS SMITHSONIAN AFFILIATES NETWORK OF 200+ INSTITUTIONS ACROSS THE UNITED STATES. THE MORRIS MUSEUM IS THE ONLY SMITHSONIAN AFFILIATE IN THE STATE OF NEW JERSEY, AND WE ARE HONORED TO BRING SMITHSONIAN RESOURCES TO THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cleveland Johnson Prior Executive Director | Officer | 40 | $174,407 |
Connie Read Deputy Director | Officer | 40 | $111,163 |
Frank Cesaro Asst. Secretary | Officer | 2 | $0 |
Edward Von Der Linde Chair | Officer | 2 | $0 |
Darren Schulman Asst. Treasurer | Officer | 2 | $0 |
Nelson Schaenen Jr Vice Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,299,514 |
| Investment income | $273,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$82,755 |
| Net Gain/Loss on Asset Sales | $586,068 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,584 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,445,749 |
| 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. | $287,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,367 |
| Payroll taxes | $87,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,478 |
| Fees for services: Accounting | $31,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,627 |
| Advertising and promotion | $0 |
| Office expenses | $111,979 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $325,751 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $523,582 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,450,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,449,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $550,796 |
| 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 | $33,006 |
| Prepaid expenses and deferred charges | $5,143 |
| Investments—publicly traded securities | $7,858,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,886 |
| Total assets | $16,716,889 |
| Accounts payable and accrued expenses | $69,278 |
| Grants payable | $0 |
| Deferred revenue | $89,893 |
| 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 | $2,111,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,270,240 |
| 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 | $14,446,649 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morris Museum Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Provident Bank Foundation Inc Iselin, NJ PURPOSE: GENERAL OPERATING SUPPORT | $3,500 |
Endowment Analysis
| Beg. Balance | $7,521,401 |
| Earnings | -$703,368 |
| Other Expense | $592,298 |
| Ending Balance | $6,225,735 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |
American Museum Of The Moving Image Astoria, NY | $5,870,489 | $5,453,055 |