Blowing Rock Art & History Museum Inc
- Assets
- $9.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Blowing Rock, NC
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 30-0003315
Organization Overview
Blowing Rock Art & History Museum Inc is located in Blowing Rock, NC. The organization was established in 2002. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Blowing Rock Art & History Museum Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blowing Rock Art & History 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 12/2021, Blowing Rock Art & History Museum Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $964.1k during the year ending 12/2021. While expenses have increased by 2.5% 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
TO PROMOTE VISUAL ARTS AND HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF VISUAL ARTS AND HISTORY AND CELEBRATION OF THE RICH HERITAGE OF THE MOUNTAINS. EFFORTS BENEFIT THE ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Carol Giduz Executive Director | Trustee | 40 | $90,846 |
Dean Hamric Treasurer | OfficerTrustee | 2 | $0 |
Sandra Huff President | OfficerTrustee | 2 | $0 |
Don Hubble Vice President | OfficerTrustee | 2 | $0 |
Lee Rocamora Secretary | OfficerTrustee | 2 | $0 |
Joseph Coyne Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $334,805 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $584,480 |
| Noncash contributions included in lines 1a–1f | $143,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $919,285 |
| Total Program Service Revenue | $70,256 |
| Investment income | $32,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,945 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $139,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,232,615 |
| 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. | $90,846 |
| Compensation of current officers, directors, key employees. | $32,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,295 |
| 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 | $21,154 |
| Office expenses | $19,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,971 |
| 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 | $194,962 |
| Insurance | $24,812 |
| All other expenses | $133,799 |
| Total functional expenses | $964,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,793 |
| 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 | $5,208,800 |
| Investments—publicly traded securities | $2,061,810 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,718,104 |
| Total assets | $9,451,359 |
| Accounts payable and accrued expenses | $43,182 |
| Grants payable | $0 |
| Deferred revenue | $20,400 |
| 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 | $75,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $138,582 |
| Net assets without donor restrictions | $6,635,633 |
| Net assets with donor restrictions | $2,677,144 |
| 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 | $9,451,359 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Blowing Rock Art & History Museum Inc has recieved totaling $37,563.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,650 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $6,750 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $6,250 |
Kennedy-Herterich Foundation Blowing Rock, NC PURPOSE: GENERAL OPERATING | $6,000 |
Dan Cameron Family Foundation Inc Wilmington, NC PURPOSE: ART AND HISTORYEXHIBITS | $5,000 |
Ella Ann L & Frank B Holding Foundation Smithfield, NC PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $1,352,883 |
| Earnings | $340,637 |
| Net Contributions | $60,740 |
| Ending Balance | $1,754,260 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
Mint Museum Of Art Inc Charlotte, NC | $80,854,701 | $6,923,462 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |
Columbia Museum Of Art Columbia, SC | $10,316,216 | $4,304,789 |
The Columbus Museum Inc Columbus, GA | $52,804,337 | $14,324,674 |
Knoxville Museum Of Art Knoxville, TN | $12,196,877 | $3,220,850 |