Farmer House Museum Inc
- Assets
- $390.4k
- Revenue
- $43.1k
- Investments
- $128.9k
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 35-2081590
Organization Overview
Farmer House Museum Inc is located in Bloomington, IN. The organization was established in 2003. 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. Farmer House 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 12/2021, Farmer House Museum Inc generated $43.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $49.8k during the year ending 12/2021. While expenses have increased by 5.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A HOUSE-TYPE HISTORICAL MUSEUM DEPICTING MONROE COUNTY FAMILY LIVING FOR GENERATIONS. THE MUSEUM IS OPEN TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Purcell Director | 10 | $11,475 | |
Chris Sturbaum President | 1 | $0 | |
Bob Zaltsberg Director | 1 | $0 | |
Paul Kane Secretary | 1 | $0 | |
Gary Anderson Director | 1 | $0 | |
Patricia Coleman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,726 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,861 |
| Net Rental Income | $8,800 |
| Net Gain on Sale of Assets | $14,693 |
| Capital Gain Net Income | $14,693 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,475 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,019 |
| Depreciation | $3,856 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $9 |
| Other expenses | $15,654 |
| Total operating and administrative expenses | $49,755 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $49,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,030 |
| Savings and temporary cash investments | $17,701 |
| Net Accounts receivable | $0 |
| 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 | $128,870 |
| Net Land, buildings, and equipment | $214,062 |
| Other assets | $749 |
| Total assets | $390,412 |
| 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 |
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