Franklin Mineral Museum Inc
- Assets
- $1.6m
- Revenue
- $314.1k
- Investments
- $502.4k
- Employees
- 10
- Location
- Franklin, NJ
- Founding
- 09/1965
- Data as of
- 12/2022
- EIN
- 22-6068366
Organization Overview
Franklin Mineral Museum Inc is located in Franklin, NJ. The organization was established in 1965. 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. As of 12/2022, Franklin Mineral Museum Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Mineral 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 12/2022, Franklin Mineral Museum Inc generated $314.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $258.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND SCIENTIFIC KNOWLEDGE WITH EMPHASIS ON THE HISTORY OF FRANKLIN-STERLING MINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM IS OPEN TO THE PUBLIC FROM APRIL TO DECEMBER. MINERALS AND MINE REPLICA ARE VIEWED BY VISITORS. LECTURES ARE GIVEN AND IDENTIFICATION OF MINERALS IS ONGOING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Crabb President | OfficerTrustee | 10 | $0 |
Robert Batic Vice President | OfficerTrustee | 10 | $0 |
Dan Goscicki Treasurer | OfficerTrustee | 10 | $0 |
Mark Boyer Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,721 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,009 |
| Total Program Service Revenue | $148,772 |
| Investment income | $8,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,235 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $144,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,109 |
| 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 | $126,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $2,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,659 |
| Office expenses | $5,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $215 |
| 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 | $8,220 |
| Insurance | $18,939 |
| All other expenses | $8,844 |
| Total functional expenses | $258,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,282 |
| Savings and temporary cash investments | $135,558 |
| 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 | $22,120 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $256,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $502,442 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $673,029 |
| Total assets | $1,598,726 |
| Accounts payable and accrued expenses | $12,909 |
| 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 | $25,530 |
| Total liabilities | $38,439 |
| Net assets without donor restrictions | $1,089,449 |
| Net assets with donor restrictions | $470,838 |
| 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 | $1,598,726 |