Fairmount Historical Museum Inc
- Assets
- $392.1k
- Revenue
- $36.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmount, IN
- Founding
- 06/1978
- Data as of
- 12/2020
- EIN
- 23-7454682
Organization Overview
Fairmount Historical Museum Inc is located in Fairmount, IN. The organization was established in 1978. According to its NTEE Classification (A54) the organization is classified as: History 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. Fairmount Historical 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 12/2020, Fairmount Historical Museum Inc generated $36.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $37.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND MAINTAIN THE HISTORY OF THE TOWN OF FAIRMOUNT, INDIANA, THROUGH THE OPERATION OF A MUSEUM, MUSEUM DAY FESTIVAL, AND CAR SHOW
Describe the Organization's Program Activity:
CAR SHOW FESTIVAL TO PROMOTE FAIRMOUNT AND THE COMMUNITY THROUGH THE FESTIVAL ACTIVITIES AND SALE OF MEMORABILIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Lashure Treasurer | OfficerTrustee | 2 | $0 |
Dorothy Schultz Secretary | OfficerTrustee | 2 | $0 |
Christy Berry Vice Preside | OfficerTrustee | 2 | $0 |
John Starkey President | OfficerTrustee | 2 | $0 |
Robert Roth Director | Trustee | 2 | $0 |
David Lashure Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6 |
| Fundraising events | $4,115 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,564 |
| Total Program Service Revenue | $0 |
| Investment income | $3,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,252 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,263 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $660 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,582 |
| 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 | $756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,254 |
| Office expenses | $6,412 |
| Information technology | $320 |
| Royalties | $0 |
| Occupancy | $18,511 |
| Travel | $0 |
| 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 | $9,402 |
| Insurance | $53 |
| All other expenses | -$16,034 |
| Total functional expenses | $36,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,381 |
| Savings and temporary cash investments | $128,775 |
| 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 | $10,252 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $202,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,435 |
| Total assets | $392,129 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $377,995 |
| Net assets with donor restrictions | $14,134 |
| 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 | $392,129 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairmount Historical Museum Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Fairmount Round Robins Cb Club Inc Marion, IN PURPOSE: TO FULFILL CHARITABLE PURPOSES. | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
Indiana State Museum Foundation Inc Indianapolis, IN | $12,226,178 | $2,921,038 |
Mccreary County Heritage Foundation Inc Stearns, KY | $7,302,941 | $1,742,693 |
Joliet Area Historical Museum Joliet, IL | $1,772,872 | $1,152,214 |
Elawa Farm Foundation Lake Forest, IL | $1,893,992 | $1,361,099 |
National Blues Museum St Louis, MO | $331,359 | $804,940 |
Packers Heritage Inc Green Bay, WI | $657,435 | $1,483,448 |
Rv-Mh Heritage Foundation Inc Elkhart, IN | $10,077,748 | $2,399,719 |