Museum Association Of The American Frontier
- Assets
- $3.5m
- Revenue
- $216.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Chadron, NE
- Founding
- 11/1950
- Data as of
- 12/2023
- EIN
- 47-6034844
Organization Overview
Museum Association Of The American Frontier, operating under the name Museum Of The Fur Trade, is located in Chadron, NE. The organization was established in 1950. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Museum Of The Fur Trade employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of The Fur Trade 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, Museum Of The Fur Trade generated $216.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $193.6k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PUBLIC EDUCATION ABOUT THE FUR TRADE, NORTH AMERICAS OLDEST BUSINESS, THROUGH RESEARCH, COLLECTIONS AND EXHIBITION OF ARTIFACTS AND INFORMATION RELATING TO THE FUR TRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNALLOCATED PROGRAM EXPENSES, GENERAL MUSEUM OPERATION EXPENSES
PUBLICATION AND EDUCATION THROUGH THE PUBLICATION OF THE ENCYCLOPEDIA OF THE FUR TRADE, VARIOUS VOLUMES
PUBLICATION FOR MEMBERS OF THE MUSEUM. A QUARTERLY SCHOLARLY JOURNAL IS MAILED TO ALL DUES PAYING MEMBERS OF THE MUSEUM. THE MUSEUM OF THE FUR TRADE QUARTERLY CONTAINS ARTICLES ABOUT THE FUR TRADE, OBJECTS OF THE FUR TRADE, OBJECTS IN THE MUSEUMS COLLECTIONS AND ACTIVITIES AT THE MUSEUM ACQUISITION.
ACQUISITION, PRESERVATION AND EXHIBITION OF THE COLLECTION, THE ASSOCIATION EXHIBITS OVER 2,000 OBJECTS BOTH CHRONOLOGICALLY AND THERMATICALLY TO EDUCATE THE VISITOR(S) ABOUT THE IMPORTANCE OF THE FUR TRADE, THE FIRST BUSINESS IN NORTH AMERICA. A VIDEO INTRODUCES THE PUBLIC TO THE HISTORY OF THE FUR TRADE AND AUDIO TOURS ARE ALSO OFFERED. THE ASSOCIATION WORKS TO BUILD, MAINTAIN AND PRESERVE ITS UNIQUE COLLECTION, WHICH IS USED FOR RESEARCH, EXHIBITION AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Nelson Director | Trustee | 1 | $0 |
Jody Stumf Director | Trustee | 1 | $0 |
Joel Smith Director | Trustee | 1 | $0 |
Ann M Hanson Director | Trustee | 6 | $0 |
William R Hanson Director | Trustee | 1 | $0 |
Kirk Budd Presidentdirector | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,149 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,149 |
| Total Program Service Revenue | $25,211 |
| Investment income | $9,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,467 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $97,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,203 |
| 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. | $35,558 |
| Compensation of current officers, directors, key employees. | $17,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,102 |
| Office expenses | $2,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,051 |
| 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 | $24,476 |
| Insurance | $20,683 |
| All other expenses | $53,624 |
| Total functional expenses | $193,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,847 |
| Savings and temporary cash investments | $646,749 |
| 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 | $448,572 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $459,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,948,936 |
| Total assets | $3,505,179 |
| Accounts payable and accrued expenses | $3,415 |
| 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 | $3,415 |
| Net assets without donor restrictions | $1,649,082 |
| Net assets with donor restrictions | $1,852,682 |
| 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 | $3,505,179 |