Vermont Granite Museum Of Barre Inc
- Assets
- $4.4m
- Revenue
- $232.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Barre, VT
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 22-3402163
Organization Overview
Vermont Granite Museum Of Barre Inc is located in Barre, VT. The organization was established in 1996. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, 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. Vermont Granite Museum Of Barre 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 12/2021, Vermont Granite Museum Of Barre Inc generated $232.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $301.3k during the year ending 12/2021. While expenses have increased by 2.9% 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
LOCATED WITHIN AN AUTHENTIC TURN-OF-THE-CENTURY GRANITE MANUFACTURING PLANT, THE MUSEUM'S MISSION IS TO CREATE STIMULATING, INTERACTIVE ENVIRONMENTS FOR LEARNING ABOUT THE GEOLOGY, TECHNOLOGY, HISTORY, AND ART OF VERMONT'S UNIQUE GRANITE HERITAGE ART, INDUSTRY, CAPABILITIES AND CULTURAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RENOVATE AND OPERATE A HISTORICAL GRANITE MUSEUM IN VERMONT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mclaughlin Executive Dir. | Officer | 40 | $81,200 |
Jeremy Manchester Treasurer | OfficerTrustee | 3 | $0 |
Alicia Calcagni Chairman | OfficerTrustee | 2 | $0 |
Michael Pope Vice Chair | OfficerTrustee | 2 | $0 |
Jordan Keyes Secretary | OfficerTrustee | 2 | $0 |
Regan Howard Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,648 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,028 |
| Total Program Service Revenue | $14,621 |
| Investment income | $1,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,459 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $584 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,570 |
| 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. | $81,200 |
| Compensation of current officers, directors, key employees. | $81,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,436 |
| Payroll taxes | $6,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,643 |
| Office expenses | $448 |
| Information technology | $587 |
| Royalties | $0 |
| Occupancy | $14,070 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,793 |
| Insurance | $17,166 |
| All other expenses | $4,763 |
| Total functional expenses | $301,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,761 |
| Savings and temporary cash investments | $61,001 |
| 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 | $200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,011,808 |
| Investments—publicly traded securities | $30,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$1,613 |
| Total assets | $4,354,484 |
| Accounts payable and accrued expenses | $4,844 |
| 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 | $69,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,544 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $4,279,940 |
| Total liabilities and net assets/fund balances | $4,354,484 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Vermont Granite Museum Of Barre Inc has recieved totaling $80,461.
| Awarding Organization | Amount |
|---|---|
American Historical Association Washington, DC PURPOSE: SHARP SUBGRANT | $40,000 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $29,200 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $8,250 |
Windham Foundation Grafton, VT PURPOSE: PRESERVATION OF HISTORIC GRANITE INDUSTRY FILMS | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Museum And Science Center Rochester, NY | $32,141,900 | $9,942,117 |
Natural History Museum Of The Adirondacks Tupper Lake, NY | $35,795,696 | $7,881,578 |
Buffalo Society Of Natural Sciences Buffalo, NY | $29,536,038 | $5,760,811 |
Worcester Natural History Society Worcester, MA | $24,778,012 | $5,171,795 |
Bronx Childrens Museum Bronx, NY | $3,102,925 | $1,502,216 |
Institute For Aegean Prehistory Study Center For East Crete New York, NY | $707,056 | $1,375,391 |
Hudson Highlands Nature Museum Cornwall, NY | $1,547,049 | $1,233,935 |
Cape Cod Museum Of Natural History Inc Brewster, MA | $5,380,254 | $1,073,012 |
National Marine Life Center Inc Buzzards Bay, MA | $3,574,632 | $658,218 |
Henry L Ferguson Museum Fishers Island, NY | $14,604,102 | $965,512 |
Vermont Granite Museum Of Barre Inc Barre, VT | $4,354,484 | $232,570 |
Vermont Museum Of Natural History Inc West Marlboro, VT | $461,251 | $275,663 |