Blowing Rock Art & History Museum Inc
- Assets
- $9.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Blowing Rock, NC
- Founding
- 01/2002
- Data as of
- 12/2023
- 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 12/2023, Blowing Rock Art & History Museum Inc employed 27 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 12/2023, Blowing Rock Art & History Museum Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 3.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Dean Hamric President | OfficerTrustee | 2 | $0 |
Dan Mclamb Vice President | OfficerTrustee | 2 | $0 |
Cantey Tanner Secretary | OfficerTrustee | 2 | $0 |
Eric Overcash Treasurer | OfficerTrustee | 2 | $0 |
Stephan Dragisic Executive Director | Trustee | 40 | $65,200 |
Andrea Burns Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $364,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $743,416 |
| Noncash contributions included in lines 1a–1f | $21,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,108,341 |
| Total Program Service Revenue | $83,450 |
| Investment income | $41,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,936 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $220,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,545,091 |
| 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. | $65,200 |
| Compensation of current officers, directors, key employees. | $16,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,729 |
| 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 | $52,722 |
| Office expenses | $34,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $199,385 |
| Insurance | $29,704 |
| All other expenses | $210,877 |
| Total functional expenses | $1,193,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,445 |
| 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 | $5,275,507 |
| Investments—publicly traded securities | $1,989,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,796,871 |
| Total assets | $9,618,749 |
| Accounts payable and accrued expenses | $50,462 |
| Grants payable | $0 |
| Deferred revenue | $17,940 |
| 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 | $143,402 |
| Net assets without donor restrictions | $6,702,476 |
| Net assets with donor restrictions | $2,772,871 |
| 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 | $9,618,749 |