Highlands Museum & Discovery Inc
- Assets
- $2.5m
- Revenue
- $587.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Ashland, KY
- Founding
- 07/1983
- Data as of
- 06/2021
- EIN
- 31-1061542
Organization Overview
Highlands Museum & Discovery Inc is located in Ashland, KY. The organization was established in 1983. 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. Highlands Museum & Discovery 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 06/2021, Highlands Museum & Discovery Inc generated $587.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $276.1k during the year ending 06/2021. 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
THE OPERATION OF A MUSEUM TO PROVIDE HISTORICAL AND EDUCATIONAL INFORMATION ABOUT THE REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM EXISTS TO PRESERVE EXAMPLES OF THE HISTORY OF THE REGION AND TO PROVIDE A FACILITY TO DISPLAY THE ITEMS AS WELL AS TRAVELING DISPLAYS FROM AROUND THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Griffith CPA Treasurer | Officer | 0 | $0 |
Elaine Corbitt President | Officer | 0 | $0 |
Sandie Bolen Secretary | Officer | 0 | $0 |
Matthew Warnock Governing Board Member | Trustee | 0 | $0 |
Dr Carter Gussler Governing Board Member | Trustee | 0 | $0 |
Marilyn Mason Governing Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,367 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,344 |
| Total Program Service Revenue | $22,699 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,759 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,288 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,252 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $587,508 |
| 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. | $55,038 |
| Compensation of current officers, directors, key employees. | $55,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,648 |
| 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 | $3,400 |
| Office expenses | $8,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,189 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,100 |
| Insurance | $13,599 |
| All other expenses | $2,910 |
| Total functional expenses | $276,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,496 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,232,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,415 |
| Total assets | $2,539,911 |
| 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 | $244,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $244,072 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,539,911 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Highlands Museum & Discovery Inc has recieved totaling $32,295.
| Awarding Organization | Amount |
|---|---|
Honorable Order Of Kentucky Colonels Inc Louisville, KY PURPOSE: GENERAL SUPPORT | $17,870 |
Foundation For The Tri-State Community Inc Ashland, KY | | $9,425 |
The Madden Foundation Inc Lexington, KY PURPOSE: GENERAL ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Conner Prairie Museum Inc Fishers, IN | $11,539,614 | $17,879,069 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Chicago Historical Society Chicago, IL | $142,770,893 | $16,768,760 |
Pmml North Inc Chicago, IL | $161,806,539 | $478,889 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
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 |