Somali Artifact And Cultural Museum
- Assets
- $109.9k
- Revenue
- $298.5k
- Investments
- $0.0
- Employees
- 13
- Location
- Minneapolis, MN
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-2821976
Organization Overview
Somali Artifact And Cultural Museum is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Somali Artifact And Cultural Museum employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somali Artifact And Cultural 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, Somali Artifact And Cultural Museum generated $298.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $188.6k during the year ending 12/2020. While expenses have increased by 20.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SOMALI MUSEUMS MISSION IS TO USE THIS COLLECTION AS A TOOL FOR EDUCATION: MAKING IT POSSIBLE FOR YOUNG SOMALIS WHO HAVE GROWN UP IN THE UNITED STATES TO CONNECT WITH THEIR CULTURE, AS WELL AS MINNESOTANS OF OTHER ETHNIC HERITAGE TO ECOUNTER SOMALI ART AND TRADITIONAL CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOMALI MUSEUMS MISSION IS TO USE THIS COLLECTION AS A TOOL FOR EDUCATION: MAKING IT POSSIBLE FOR YOUNG SOMALIS WHO HAVE GROWN UP IN THE UNITED STATES TO CONNECT WITH THEIR CULTURE, AS WELL AS MINNESOTANS OF OTHER ETHNIC HERITAGE TO ECOUNTER SOMALI ART AND TRADITIONAL CULTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asha Hibad Board Member | Officer | 0 | $0 |
Mohamed Salad Board Member | Officer | 0 | $0 |
Bashir Sheikh Board Member | Officer | 0 | $0 |
Abdullahi Samatar Board Member | Officer | 0 | $0 |
Busad Kheyre Board Member | Officer | 0 | $0 |
Mohamoud Mohamed Chair Person | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,487 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,487 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $34,651 |
| Total functional expenses | $188,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,935 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,935 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $109,935 |
| Total liabilities and net assets/fund balances | $109,935 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Somali Artifact And Cultural Museum has recieved totaling $40,825.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: ARTS & CULTURE | $25,700 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $15,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Museum Of Minnesota St Paul, MN | $137,992,118 | $25,354,615 |
Mammoth Site Of Hot Springs South Dakota Inc Hot Springs, SD | $5,897,905 | $1,811,077 |
Cable Natural History Museum Inc Cable, WI | $7,995,635 | $768,562 |
Somali Artifact And Cultural Museum Minneapolis, MN | $109,935 | $298,487 |
Ernest C Oberholtzer Foundation Marine On St Croix, MN | $994,969 | $198,860 |
Friends Of The Museum Wh Over Museum Vermillion, SD | $276,443 | $118,899 |
Cambridge Historic School Foundation Inc Cambridge, WI | $142,100 | $24,427 |
Black Hills Museum Of Natural History Foundation Inc Hill City, SD | $937,038 | $10,500 |