Kernersville Museum Foundation
- Assets
- $426.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 13
- Location
- Kernersville, NC
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 46-2933514
Organization Overview
Kernersville Museum Foundation is located in Kernersville, NC. 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. As of 12/2023, Kernersville Museum Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kernersville Museum Foundation 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 12/2023, Kernersville Museum Foundation generated $37.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $35.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO SHARE THE HISTORY OF KERNERSVILLE THOUGH MUSEUM EXHIBITS.DISPLAYING LOCAL ARTIFACTS AND MEMOIRS. ENCOURAGE COMMUNITY MEMBERS TO SHARE STORIES AND ARTIFACTS TO PRESERE THE HISTORY OF KERNERSVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Pierce President | 1.5 | $0 | |
William Hairston 1st Vice President | 0.5 | $0 | |
Monte Long Treasurer | 1.5 | $0 | |
Clay Flynt Secretary | 1 | $0 | |
Kim Herman Immediate Past President | 1.5 | $0 | |
Diane Harper Long Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,622 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,297 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,149 |
| Other Revenue | $0 |
| Total Revenue | $37,068 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,210 |
| Occupancy, rent, utilities, and maintenance | $5,886 |
| Printing, publications, postage, and shipping | $4,205 |
| Other expenses | $21,513 |
| Total expenses | $35,814 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $187,857 |
| Other assets | $0 |
| Total assets | $426,206 |
| Total liabilities | $1,101 |
| Net assets or fund balances | $425,105 |