Milan Historical Museum
- Assets
- $6.0m
- Revenue
- $155.7k
- Investments
- $2.5m
- Employees
- 11
- Location
- Milan, OH
- Founding
- 06/1964
- Data as of
- 12/2021
- EIN
- 34-6539143
Organization Overview
Milan Historical Museum is located in Milan, OH. The organization was established in 1964. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Milan Historical Museum employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milan Historical Museum 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, Milan Historical Museum generated $155.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $209.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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 DEMONSTRATE THROUGH MUSEUM BUILDINGS AND COLLECTIONS HOW THE PAST SHAPED THE PRESENT; TO ESTABLISH A PRESENCE IN THE COMMUNITY BY PROVIDING EDUCATIONAL PROGRAMS AND SERVICES FOSTERING THE UNIQUENESS OF MILAN VILLAGE AND ITS ARCHITECTURE; TO COLLABORATE WITH REGIONAL MUSEUMS TO PROMOTE HISTORICAL AWARENESS, PRESERVATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS, PROGRAMS AND RENOVATIONS TO FACILITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Basilone-Jones Executive Drector | OfficerTrustee | 40 | $61,249 |
Charles Warren Treasurer | OfficerTrustee | 1 | $400 |
Michael Kimaid President | OfficerTrustee | 1 | $0 |
Candy Draeger Secretary | OfficerTrustee | 1 | $0 |
Sparky Weilnau Vice President | OfficerTrustee | 1 | $0 |
Mark Miller Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,806 |
| Total Program Service Revenue | $0 |
| Investment income | $104,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $169 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,746 |
| 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. | $55,524 |
| Compensation of current officers, directors, key employees. | $3,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,940 |
| Fees for services: Other | $0 |
| Advertising and promotion | $523 |
| Office expenses | $3,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,860 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,883 |
| Insurance | $19,979 |
| All other expenses | $3,155 |
| Total functional expenses | $209,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,020 |
| 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 | $13,478 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $116,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,545,294 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,327,201 |
| Total assets | $6,012,045 |
| Accounts payable and accrued expenses | $2,095 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,095 |
| Net assets without donor restrictions | $5,646,273 |
| Net assets with donor restrictions | $363,677 |
| 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 | $6,012,045 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milan Historical Museum has recieved totaling $5,750.
| Awarding Organization | Amount |
|---|---|
Jane M Austin Tr U Art 5 O W Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,750 |
Endowment Analysis
| Beg. Balance | $340,806 |
| Earnings | $35,252 |
| Other Expense | $12,884 |
| Ending Balance | $363,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Edison Institute Inc Dearborn, MI | $598,342,638 | $88,893,387 |
Conner Prairie Museum Inc Fishers, IN | $11,539,614 | $17,879,069 |
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
Holocaust Memorial Center Farmington Hills, MI | $46,637,236 | $21,925,651 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
Motown Historical Museum Inc Detroit, MI | $36,344,932 | $14,838,936 |