African American Heritage Foundation
- Assets
- $3.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Cedar Rapids, IA
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 42-1415305
Organization Overview
African American Heritage Foundation, operating under the name African American Museum Of Iowa, is located in Cedar Rapids, IA. The organization was established in 1994. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, African American Museum Of Iowa employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Museum Of Iowa 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 12/2022, African American Museum Of Iowa generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $580.3k during the year ending 12/2022. While expenses have increased by 4.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, EXHIBIT, AND TEACH THE AFRICAN AMERICAN HERITAGE OF IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACCOMPLISH THE MISSION, THE ORGANIZATION RUNS A MUSEUM THAT PRODUCES EXHIBITS, ON-SITE PROGRAMS, OFF-SITE PROGRAMS, VIRTUAL PROGRAMS, AND HOUSES A COLLECTION. EXHIBITS: THE MUSEUM'S FACILITY FEATURES TWO EXHIBIT GALLERIES. THE PERMANENT EXHIBIT, "ENDLESS POSSIBILITIES", EXPLORES OVER 200 YEARS OF IOWA'S AFRICAN AMERICAN HISTORY. THE GALE SAYERS CHANGING EXHIBIT GALLERY HOSTS A NEW EXHIBIT EACH YEAR ON A DIFFERENT THEME. SEVERAL TRAVELING EXHIBITS ARE ALSO MADE AVAILABLE TO ORGANIZATIONS, BUSINESSES, LIBRARIES, AND OTHER MUSEUMS FOR A SMALL FEE. OVER 3,700 PEOPLE VISITED THE MUSEUM'S ON-SITE EXHIBITS IN 2022 DESPITE OPERATING ON A REDUCED SCHEDULE FOR THE MAJORITY OF THE YEAR AND BEING CLOSED FOR THREE MONTHS IN PREPARATION OF A MAJOR RENOVATION PROJECT. THIS INCLUDES WALK-IN VISITORS AND VISITORS ON GUIDED GROUP TOURS OR FIELD TRIPS. THE TRAVELING EXHIBITS AND TRUNKS VISITED 22 DIFFERENT COMMUNITIES, WITH AN ESTIMATED VIEWERSHIP OF OVER 29,864 PEOPLE. THE MUSEUM CONDUCTS NUMEROUS PROGRAMS FOR YOUTH AND ADULTS, BOTH ON-SITE AT THE MUSEUM AND OFF-SITE AT LOCATIONS AROUND THE STATE. THIS INCLUDES HANDS-ON WORKSHOPS, LECTURES, AND PERFORMANCES. OVER 3,432 VISITORS ATTENDED A PROGRAM IN 2022. THE MUSEUM MAINTAINS A COLLECTION OF APPROXIMATELY 10,000 OBJECTS INCLUDING 100 LINEAR FEET OF ARCHIVAL MATERIAL, AND DOZENS OF ORAL HISTORIES. IN ADDITION TO PRESERVING THESE ITEMS FOR FUTURE GENERATIONS, THEY ARE UTILIZED IN EXHIBITS AND PROGRAMS. THE MUSEUM ALSO HAS A NON-CIRCULATING RESEARCH LIBRARY AVAILABLE TO ON-SITE VISITORS DURING REGULAR OPEN HOURS. MOST OF THE COLLECTION DATABASE AND A SELECTION OF ORAL HISTORIES ARE AVAILABLE ON THE MUSEUM'S WEBSITE. IN FALL 2022, THE MUSEUM CLOSED TO THE PUBLIC FOR A MAJOR RENOVATION PROJECT THAT WILL TRANSFORM THE BUILDINGS INTERIOR AND EXTERIOR. DURING THE RENOVATION, THE MUSEUM IS MAINTAINING ITS MISSION FULFILLMENT THROUGH OFF-SITE PROGRAMS AND EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lanisha Cassell Executive Di | OfficerTrustee | 40 | $68,994 |
Brianna Kim Deputy Direc | Officer | 40 | $57,800 |
Nancy Humbles President | OfficerTrustee | 0.3 | $0 |
Jamarco Clark Vice Preside | OfficerTrustee | 0.3 | $0 |
Maurice E Davis Treasurer | OfficerTrustee | 0.3 | $0 |
Kristin Parrott Secretary | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,188 |
| Fundraising events | $89,818 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,510,144 |
| Noncash contributions included in lines 1a–1f | $55,272 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,611,150 |
| Total Program Service Revenue | $20,571 |
| Investment income | $249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,876 |
| Net Gain/Loss on Asset Sales | -$2,993 |
| Net Income from Fundraising Events | -$4,719 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,630,745 |
| 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. | $134,414 |
| Compensation of current officers, directors, key employees. | $61,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,924 |
| Payroll taxes | $20,843 |
| Fees for services: Management | $34,860 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,707 |
| Office expenses | $12,908 |
| Information technology | $1,651 |
| Royalties | $0 |
| Occupancy | $62,115 |
| Travel | $5,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,790 |
| Insurance | $12,881 |
| All other expenses | $2,238 |
| Total functional expenses | $580,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,154 |
| Savings and temporary cash investments | $1,318,999 |
| Pledges and grants receivable | $210,504 |
| Accounts receivable, net | $338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $970 |
| Prepaid expenses and deferred charges | $2,662 |
| Net Land, buildings, and equipment | $1,523,549 |
| Investments—publicly traded securities | $6,665 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,337 |
| Total assets | $3,089,178 |
| Accounts payable and accrued expenses | $111,138 |
| Grants payable | $0 |
| Deferred revenue | $750 |
| 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 | $2,300 |
| Total liabilities | $114,188 |
| Net assets without donor restrictions | $1,721,492 |
| Net assets with donor restrictions | $1,253,498 |
| 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 | $3,089,178 |