Powell County Museum & Arts Foundation Inc
- Assets
- $3.6m
- Revenue
- $1.3m
- Investments
- $224.4k
- Employees
- 36
- Location
- Deer Lodge, MT
- Founding
- 05/1974
- Data as of
- 12/2022
- EIN
- 23-7348703
Organization Overview
Powell County Museum & Arts Foundation Inc is located in Deer Lodge, MT. The organization was established in 1974. 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 12/2023, Powell County Museum & Arts Foundation Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powell County Museum & Arts Foundation 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, Powell County Museum & Arts Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $684.3k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
THE FOUNDATION OPERATES THE OLD MONTANA PRISON MUSEUM, THE FRONTIER MONTANA MUSEUM AND YESTERDAY'S PLAYTHINGS MUSEUM. THE FOUNDATION PROMOTES CULTURAL ACTIVITIES AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Blodgett Director | Trustee | 0 | $0 |
Shane Spears Director | Trustee | 0 | $0 |
Martin Drivdahl Director | Trustee | 0 | $0 |
John O'donnell President | Officer | 5 | $0 |
Sherman Anderson Vice President | Officer | 5 | $0 |
Bonnie Anderson Recording Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $571,136 |
| Noncash contributions included in lines 1a–1f | $16,655 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $571,136 |
| Total Program Service Revenue | $386,329 |
| Investment income | $3,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,425 |
| Net Gain/Loss on Asset Sales | $50 |
| Net Income from Fundraising Events | $1,900 |
| Net Income from Gaming Activities | $102,563 |
| Net Income from Sales of Inventory | $148,262 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,277,705 |
| 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 | $359,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,507 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,292 |
| Office expenses | $26,548 |
| Information technology | $764 |
| Royalties | $0 |
| Occupancy | $62,646 |
| Travel | $133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $784 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,066 |
| All other expenses | $21,716 |
| Total functional expenses | $684,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,835 |
| Savings and temporary cash investments | $0 |
| 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 | $75,984 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,220,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $224,387 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $804,728 |
| Total assets | $3,591,195 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,667 |
| Total liabilities | $3,667 |
| 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 | $3,587,528 |
| Total liabilities and net assets/fund balances | $3,591,195 |