Delaware Agricultural Museum Association
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Dover, DE
- Founding
- 08/1976
- Data as of
- 06/2022
- EIN
- 51-0177358
Organization Overview
Delaware Agricultural Museum Association is located in Dover, DE. The organization was established in 1976. 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 06/2022, Delaware Agricultural Museum Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Agricultural Museum Association 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 06/2022, Delaware Agricultural Museum Association generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $427.6k during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET THE HISTORY AND TECHNOLOGY OF DELAWARE AND THE DELMARVA PENINSULA'S FARM LIFE/CULTURE AND TO OFFER PUBLIC EDUCATION PROGRAMS AND SERVICES RELATED TO ASPECTS OF THE SAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE THE GENERAL PUBLIC ABOUT HISTORICAL AGRICULTURAL ACTIVIITES AND PROCEDURES, DOCUMENT THE TECHNOLOGICAL CHANGES IN AGRICULUTRE AND PRESERVE HISTORICALLY ACCURATE REPRESENTATIONS OF AGRICULTURE AND RURAL LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hutchison Treasurer | OfficerTrustee | 2 | $0 |
Grier Stayton President | OfficerTrustee | 2 | $0 |
Samantha Steele Vice Preside | OfficerTrustee | 2 | $0 |
Frances West Secretary | OfficerTrustee | 2 | $0 |
Dick Carter Trustee | Trustee | 2 | $0 |
Melissa Harrington Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,735 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,700,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,281 |
| Noncash contributions included in lines 1a–1f | $1,495 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,824,016 |
| Total Program Service Revenue | $29,584 |
| Investment income | $448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,579 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,409 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,933,894 |
| 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 | $165,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $636 |
| Fees for services: Other | $12,824 |
| Advertising and promotion | $4,808 |
| Office expenses | $9,728 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,053 |
| 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 | $91,574 |
| Insurance | $16,320 |
| All other expenses | $13,176 |
| Total functional expenses | $427,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,181,313 |
| Savings and temporary cash investments | $228,047 |
| Pledges and grants receivable | $18,185 |
| 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 | $6,255 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $892,338 |
| Investments—publicly traded securities | $39,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $494,657 |
| Total assets | $2,860,288 |
| Accounts payable and accrued expenses | $104,740 |
| Grants payable | $0 |
| Deferred revenue | $49,172 |
| 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 | $13,208 |
| Total liabilities | $167,120 |
| Net assets without donor restrictions | $1,720,798 |
| Net assets with donor restrictions | $972,370 |
| 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 | $2,860,288 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Delaware Agricultural Museum Association has recieved totaling $59,030.
| Awarding Organization | Amount |
|---|---|
Delaware Electric Cooperative Inc Greenwood, DE PURPOSE: CHARITABLE | $29,500 |
Delaware Electric Cooperative Inc Greenwood, DE PURPOSE: CHARITABLE | $29,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Beg. Balance | $44,953 |
| Earnings | -$4,824 |
| Admin Expense | $636 |
| Ending Balance | $39,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
Eleutherian Mills-Hagley Foundation Inc Wilmington, DE | $219,223,690 | $13,522,481 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Baltimore Museum Of Industry Baltimore, MD | $4,041,463 | $2,097,519 |
Historical Society Of Delaware Wilmington, DE | $28,427,187 | $2,375,420 |
York County History Center York, PA | $25,136,771 | $4,285,749 |
Rosenbach Museum And Library Philadelphia, PA | $17,031,009 | $1,543,993 |
Fort Ligonier Association Ligonier, PA | $13,253,074 | $1,289,104 |
National Museum Of Industrial History Bethlehem, PA | $11,228,100 | $1,548,361 |
National Civil War Museum Harrisburg, PA | $11,778,546 | $1,550,671 |