Maine Mineral & Gem Museum
- Assets
- $14.9m
- Revenue
- $517.9k
- Investments
- $353.5k
- Employees
- 0
- Location
- Bethel, ME
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 45-3818749
Organization Overview
Maine Mineral & Gem Museum is located in Bethel, ME. The organization was established in 2014. 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. Maine Mineral & Gem 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 12/2022, Maine Mineral & Gem Museum generated $517.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE MMGM, A 501(C)(3) NONPROFIT ORGANIZATION IS TO CELEBRATE THE MINERALOGY OF MAINE AND TO ENLIGHTEN VISITORS AS TO THE ORIGIN OF EARTH AND BEYOND THROUGH DYNAMIC EXHIBITS, EDUCATIONAL PROGRAMMING AND SCIENTIFIC RESEARCH.
MMGM HOSTED 17,500 VISITORS AND PROVIDED FREE ADMISSION VIA COMMUNITY DAYS TO 1500 RESIDENTS. 15 EDUCATIONAL PRESENTATIONS AND 7 TRAVELLING EXHIBITS REACHED OVER 100,000. THE RESEARCH LAB HOSTED 6 COLLEGE INTERNS AND CONTRIBUTED 7 RESEARCH PAPERS AND PUBLICATIONS TO THE SCIENTIFIC COMMUNITY. VOLUNTEERS LOGGED OVER 1900 HOURS PROVIDING EDUCATIONAL TOURS AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Barrett Executive Di | 40 | $76,731 | |
Jessica Siraco Executive Di | 40 | $47,830 | |
John Betts Trustee | 2 | $0 | |
Don Dallaire Treasurer | 2 | $0 | |
Mary Mcfadden Trustee | 4 | $0 | |
Henry Minot Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,412 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$5,935 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $172,279 |
| Other Income | $230,678 |
| Total Revenue | $517,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $124,561 |
| Other employee salaries and wages | $426,198 |
| Pension plans, employee benefits | $38,857 |
| Interest | $168 |
| Taxes | $0 |
| Depreciation | $353,830 |
| Occupancy | $70,266 |
| Travel, conferences, and meetings | $25,063 |
| Printing and publications | $0 |
| Other expenses | $644,981 |
| Total operating and administrative expenses | $1,704,257 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,704,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,754 |
| Savings and temporary cash investments | $0 |
| 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 | $309,322 |
| Prepaid expenses and deferred charges | $19,619 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $9,736,348 |
| Other assets | $4,007,681 |
| Total assets | $14,858,267 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,334,348 |
| Mortgages and other notes payable | $75,168 |
| Other liabilities | $209,804 |
| Total liabilities | $10,619,320 |