Monmouth Museum And Cultural Center
- Assets
- $1.6m
- Revenue
- $490.7k
- Investments
- $756.0k
- Employees
- 31
- Location
- Lincroft, NJ
- Founding
- 03/1965
- Data as of
- 12/2020
- EIN
- 22-1739205
Organization Overview
Monmouth Museum And Cultural Center is located in Lincroft, NJ. The organization was established in 1965. 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 12/2020, Monmouth Museum And Cultural Center employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth Museum And Cultural Center 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 12/2020, Monmouth Museum And Cultural Center generated $490.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $524.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, ENCOURAGE, AND SUPPORT ACTIVITIES WHICH PROVIDE CULTURAL, ARTISTIC, AND SCIENTIFIC ENRICHMENT TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS, WORKSHOPS ON CULTURAL, SCIENTIFIC AND HISTORICAL EVENTS, LECTURES, FILMS, TOURS, PRESENTATIONS AND ART EXHIBITS OPEN TO THE PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Schaefer Executive Director | Officer | 1 | $43,200 |
Katherine Pojawa Secretary | OfficerTrustee | 1 | $0 |
Benjamin A Fleischner Board Chair | OfficerTrustee | 2 | $0 |
Lawrence Buccheri Treasurer | OfficerTrustee | 2 | $0 |
Michael Rubin Vice Chariman | OfficerTrustee | 1 | $0 |
Gloria Nilson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,374 |
| Total Program Service Revenue | $48,628 |
| Investment income | $14,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,938 |
| Net Income from Fundraising Events | $7,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $43,200 |
| Compensation of current officers, directors, key employees. | $19,440 |
| Compensation to disqualified persons | $211,300 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,986 |
| Payroll taxes | $21,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,573 |
| Advertising and promotion | $2,154 |
| Office expenses | $25,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,066 |
| Travel | $505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,007 |
| Insurance | $22,104 |
| All other expenses | $0 |
| Total functional expenses | $524,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,447 |
| Pledges and grants receivable | $14,793 |
| 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 | $638 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $703,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $756,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278 |
| Total assets | $1,572,118 |
| Accounts payable and accrued expenses | $10,326 |
| Grants payable | $0 |
| Deferred revenue | $1,504 |
| 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 | $11,830 |
| Net assets without donor restrictions | $1,300,276 |
| Net assets with donor restrictions | $260,012 |
| 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 | $1,572,118 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Monmouth Museum And Cultural Center has recieved totaling $41,618.
| Awarding Organization | Amount |
|---|---|
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: PROGRAMMATIC SUPPORT FOR THE 2021-2022 NEW JERSEY EMERGING ARTISTS SERIES WITH A FOCUS ON UNDERREPRESENTED GROUPS AND COMMUNITIES & SUPPORT OF THE GREEN ARTS STUDIO | $10,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: PROGRAMMATIC SUPPORT FOR THE 2021-2022 NEW JERSEY EMERGING ARTISTS SERIES WITH A FOCUS ON UNDERREPRESENTED GROUPS AND COMMUNITIES & SUPPORT OF THE GREEN ARTS STUDIO | $10,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $8,500 |
Oceanfirst Foundation Toms River, NJ PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Can D Aid Longmont, CO PURPOSE: Recycling program | $5,586 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
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 |