Friends Of The Museums Inc
- Assets
- $332.1k
- Revenue
- $416.9k
- Investments
- $99.6k
- Employees
- 14
- Location
- Marietta, OH
- Founding
- 12/1982
- Data as of
- 06/2022
- EIN
- 31-1034071
Organization Overview
Friends Of The Museums Inc is located in Marietta, OH. The organization was established in 1982. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Friends Of The Museums Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Museums 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 06/2022, Friends Of The Museums Inc generated $416.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $329.2k during the year ending 06/2022. While expenses have increased by 2.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MAINTAINS THE OPERATIONS OF THE CAMPUS MARTIUS AND OHIO RIVER MUSEUMS FOR THE OHIO HISTORICAL SOCIETY. OPERATION OF THE MUSEUMS INCLUDES EDUCATIONAL PROGRAMS, CHANGING/UPDATING EXHIBITS, FINANCING TRANSPORTATION FOR SCHOOL GROUPS AND TRAINING DOCENTS AND ADMINISTRATIVE STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS THE OPERATIONS OF THE CAMPUS MARTIUS AND OHIO RIVER MUSEUMS FOR THE OHIO HISTORICAL SOCIETY. OPERATION OF THE MUSEUMS INCLUDES EDUCATIONAL PROGRAMS, CHANGING/UPDATING EXHIBITS, FINANCING TRANSPORTATION FOR SCHOOL GROUPS AND TRAINING DOCENTS AND ADMINISTRATIVE STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Schwendeman Museum Chair | OfficerTrustee | 5 | $0 |
Kevin Ritter First Vice Chair | OfficerTrustee | 2.5 | $0 |
Larry Clayman Second Vice Chair | OfficerTrustee | 2.5 | $0 |
Cheryl Cook Secretary | OfficerTrustee | 4 | $0 |
Gregory Gentry Treasurer | OfficerTrustee | 4 | $0 |
David Dernberger Board Member | Trustee | 1.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,140 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,817 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,379 |
| Total Program Service Revenue | $84,444 |
| Investment income | $1,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,409 |
| Net Gain/Loss on Asset Sales | $2,948 |
| Net Income from Fundraising Events | $1,046 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,927 |
| 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 | $207,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,298 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $222 |
| Fees for services: Accounting | $11,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $359 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,479 |
| Office expenses | $11,831 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,522 |
| Travel | $42 |
| 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 | $0 |
| Insurance | $4,503 |
| All other expenses | $0 |
| Total functional expenses | $329,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,101 |
| Savings and temporary cash investments | $129,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,438 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,638 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,108 |
| Accounts payable and accrued expenses | $13,926 |
| Grants payable | $0 |
| Deferred revenue | $7,915 |
| 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 | $21,841 |
| Net assets without donor restrictions | $272,859 |
| Net assets with donor restrictions | $37,408 |
| 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 | $332,108 |