Mcpherson Museum And Arts Foundation
- Assets
- $3.6m
- Revenue
- $383.1k
- Investments
- $31.9k
- Employees
- 7
- Location
- Mcpherson, KS
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 48-1000429
Organization Overview
Mcpherson Museum And Arts Foundation is located in Mcpherson, KS. The organization was established in 1985. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Mcpherson Museum And Arts Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcpherson Museum And Arts 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, Mcpherson Museum And Arts Foundation generated $383.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $376.6k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 8 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
MCPHERSON MUSEUM AND ARTS FOUNDATION PRESERVES AND PRESENTS, FOR PUBLIC BENEFIT, THE HISTORICAL, CULTURAL AND ARTISTIC HERITAGE OF THE MCPHERSON COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE & MANAGE VARIOUS ACTIVITIES AND EXIBITS TO DRAW THE COMMUNITY INTO THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Casebeer President | OfficerTrustee | 2 | $0 |
Luke Chennel Vice Preside | OfficerTrustee | 2 | $0 |
Sandy Baldwin Secretary | OfficerTrustee | 2 | $0 |
Dave Chartier Treasurer | OfficerTrustee | 2 | $0 |
Janell Clary Director | Trustee | 1 | $0 |
Lowell Flory Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,083 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $296,289 |
| 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 | $306,372 |
| Total Program Service Revenue | $27,459 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| 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 | $640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,070 |
| 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. | $55,005 |
| Compensation of current officers, directors, key employees. | $35,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,095 |
| Pension plan accruals and contributions | $6,100 |
| Other employee benefits | $1,531 |
| Payroll taxes | $33,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $143 |
| Office expenses | $2,042 |
| Information technology | $1,064 |
| Royalties | $0 |
| Occupancy | $44,742 |
| Travel | $598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,164 |
| Insurance | $19,354 |
| All other expenses | $0 |
| Total functional expenses | $376,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,614 |
| Savings and temporary cash investments | $135,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,289,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,887 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,606 |
| Total assets | $3,634,502 |
| Accounts payable and accrued expenses | $227 |
| 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 | $650,919 |
| Total liabilities | $651,146 |
| 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 | $2,983,356 |
| Total liabilities and net assets/fund balances | $3,634,502 |