Music House Museum
- Assets
- $2.2m
- Revenue
- $201.8k
- Investments
- $620.1k
- Employees
- 6
- Location
- Acme, MI
- Founding
- 06/1987
- Data as of
- 12/2020
- EIN
- 38-2709408
Organization Overview
Music House Museum is located in Acme, MI. The organization was established in 1987. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Music House Museum employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music House 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 12/2020, Music House Museum generated $201.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $246.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, RESTORE, PRESERVE, DISPLAY AND DEMONSTRATE AUTOMATED MUSICAL INSTRUMENTS AND RELATED AMERICANA; AND TO EDUCATE AND ENTERTAIN PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM ADMISSIONS AND TOURS. MUSEUM ATTENDANCE WAS 3,786 IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Keaton Executive Director | Officer | 40 | $56,690 |
Dorothy Clore President | OfficerTrustee | 8 | $0 |
Bruce Ahlich Vice President | OfficerTrustee | 8 | $0 |
Sally Lewis Treasurer | OfficerTrustee | 8 | $0 |
Patricia Richards Co-Secretary | OfficerTrustee | 8 | $0 |
Ruth Stow Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,111 |
| Investment income | $9,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,953 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,467 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,776 |
| Statement of Expenses | |
|---|---|
| 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. | $56,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,015 |
| Payroll taxes | $8,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,219 |
| Fees for services: Accounting | $3,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,082 |
| Advertising and promotion | $11,752 |
| Office expenses | $3,517 |
| Information technology | $5,176 |
| Royalties | $0 |
| Occupancy | $10,158 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,063 |
| Insurance | $8,540 |
| All other expenses | $0 |
| Total functional expenses | $246,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,052 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,480 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $620,105 |
| Investments—program-related | $897,039 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,156,594 |
| Accounts payable and accrued expenses | $4,826 |
| 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 | $407,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $950 |
| Total liabilities | $412,931 |
| 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 |
| Total liabilities and net assets/fund balances | $1,743,663 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music House Museum has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Hayden Foundation Williamsburg, MI PURPOSE: GENERAL PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $607,151 |
| Earnings | $79,651 |
| Other Expense | $32,000 |
| Ending Balance | $654,802 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Whitetail Deer Education Cambridge, OH | $11,521,774 | $3,398,617 |