O Street Museum Foundation
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 31-1550078
Organization Overview
O Street Museum Foundation is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (A50) the organization is classified as: 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. O Street Museum Foundation 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, O Street Museum Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 20.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATED A MUSEUM OF VISUAL, AUDIO, AND DECORATIVE ARTS
THE FOUNDATION MAINTAINED ITS WORK OF ART. OCCASIONAL LEASES OF ARTWORK FURTHER THE FOUNDATION'S EXEMPT PURPOSE THROUGH EDUCATING OTHERS BY MAKING ARTWORK AVAILABLE TO SHARE IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Halliday Director | 0.5 | $0 | |
Suzy Locke-Cohen Director | 0.5 | $0 | |
Ted Spero Director | 0.5 | $0 | |
Z Stein Treasurer | 0.5 | $0 | |
H H Leonards Director Manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $376,885 |
| Interest on Savings | $7,639 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $832,855 |
| Total Revenue | $1,217,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $438 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $973,801 |
| Total operating and administrative expenses | $1,024,500 |
| Contributions, gifts, grants paid | $7,623 |
| Total expenses and disbursements | $1,032,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,729 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,531 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,412 |
| Other assets | $1,947,264 |
| Total assets | $2,131,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, O Street Museum Foundation has awarded $4,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROCK AND ROLL HALL OF FAME PURPOSE: TO FURTHER HUMANITARIAN AIMS OF ORGANIZATION | $500 |
RISE DC PURPOSE: TO FURTHER HUMANITARIAN AIMS OF ORGANIZATION | $4,000 |