Monhegan Historial & Cultural Museum Association
- Assets
- $7.5m
- Revenue
- $863.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Monhegan, ME
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 22-2572864
Organization Overview
Monhegan Historial & Cultural Museum Association is located in Monhegan, ME. The organization was established in 1985. 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 12/2021, Monhegan Historial & Cultural Museum Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monhegan Historial & Cultural Museum Association 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 12/2021, Monhegan Historial & Cultural Museum Association generated $863.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $329.0k during the year ending 12/2021. While expenses have increased by 6.7% 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 MISSION OF THE MONHEGAN HISTORICAL AND CULTURAL MUSEUM ASSOCIATION INC IS TO PRESERVE AND DISPLAY OBJECTS OF HISTORICAL AND CULTURAL SIGNIFICANCE TO MONHEGAN ISLAND, MAINE AND IN SO DOING TO PROVIDE A SOURCE OF INFORMATION AND FASCINATION ABOUT MONHEGAN ISLAND FOR THE BENEFIT OF THE RESIDENTS OF THE ISLAND AND ALL OTHER INTERESTED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO PRESERVE AND DISPLAY IN A MUSEUM FOR THE PUBLIC, THE HISTORY OF MONHEGAN ISLAND, MAINE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bateson Vice President | OfficerTrustee | 16 | $0 |
Elena Henry Treasurer | OfficerTrustee | 3 | $0 |
Adam Blumenthal President | OfficerTrustee | 12 | $0 |
Dan Broeckelmann Trustee/interim VP | OfficerTrustee | 1 | $0 |
Mandy Sabine Metrano Secretary | OfficerTrustee | 1 | $0 |
Laura Ligouri Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $713,352 |
| Noncash contributions included in lines 1a–1f | $2,672 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,147 |
| Total Program Service Revenue | $0 |
| Investment income | $116,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,875 |
| 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 | $15,807 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,357 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,713 |
| Payroll taxes | $9,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,974 |
| Fees for services: Other | $1,175 |
| Advertising and promotion | $10,363 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,709 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,572 |
| All other expenses | $51,547 |
| Total functional expenses | $328,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,971 |
| Savings and temporary cash investments | $25,306 |
| 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 | $2,305,904 |
| Investments—publicly traded securities | $5,025,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $7,497,398 |
| Accounts payable and accrued expenses | $6,103 |
| 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 | $6,103 |
| Net assets without donor restrictions | $6,211,295 |
| Net assets with donor restrictions | $1,280,000 |
| 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 | $7,497,398 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Monhegan Historial & Cultural Museum Association has recieved totaling $17,601.
| Awarding Organization | Amount |
|---|---|
Maine Humanities Council Portland, ME PURPOSE: SUPPORT OPERATIONS | $7,500 |
Libra Foundation Owen W Wells Trustee Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $25 |
Yelp Foundation San Francisco, CA PURPOSE: MATCHING CONTRIBUTION MADE BY EMPLOYEE OF YELP, INC. | $5 |
Endowment Analysis
| Beg. Balance | $1,584,665 |
| Earnings | $100,893 |
| Ending Balance | $1,685,558 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strawbery Banke Museum Portsmouth, NH | $20,097,430 | $6,235,476 |
New Hampshire Historical Society Concord, NH | $27,164,397 | $2,104,190 |
Boothbay Railway Village Boothbay, ME | $1,592,622 | $1,343,965 |
Castine Scientific Society Castine, ME | $21,941,978 | $577,379 |
Manchester Historic Association Manchester, NH | $5,892,345 | $509,463 |
New Hampshire Boat Museum Wolfeboro Falls, NH | $4,627,524 | $2,757,107 |
Franco-American Heritage Center At St Marys Lewiston, ME | $4,768,331 | $285,236 |
Portsmouth Submarine Memorial Association Portsmouth, NH | $1,910,442 | $374,400 |
Brick Store Museum Kennebunk, ME | $3,345,678 | $409,337 |
Bar Harbor Historical Society Inc Bar Harbor, ME | $5,963,655 | $570,599 |
American Independence Center Exeter, NH | $873,774 | $315,892 |
Monhegan Historial & Cultural Museum Association Monhegan, ME | $7,497,398 | $863,357 |