Delaware Agricultural Museum Association
- Assets
- $5.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Dover, DE
- Founding
- 08/1976
- Data as of
- 06/2024
- 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 06/2024, Delaware Agricultural Museum Association employed 12 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 06/2024, Delaware Agricultural Museum Association generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $639.8k during the year ending 06/2024. While expenses have increased by 9.7% 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
2024
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 |
|---|---|---|---|
George Class-Peters Trustee | Trustee | 2 | $0 |
Sherry Dorsey-Walker Trustee | Trustee | 2 | $0 |
Melissa Harrington Trustee | Trustee | 2 | $0 |
Kyra Huffner Trustee | Trustee | 2 | $0 |
Brent Mccabe Adams III Trustee | Trustee | 2 | $0 |
Lauren Irby Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,003 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $934,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,448 |
| Noncash contributions included in lines 1a–1f | $884 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,062,117 |
| Total Program Service Revenue | $35,876 |
| Investment income | $99,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,196 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$117 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,281,713 |
| 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 | $266,424 |
| Pension plan accruals and contributions | $818 |
| Other employee benefits | $13,283 |
| Payroll taxes | $20,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $546 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,599 |
| Office expenses | $15,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,692 |
| 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 | $143,005 |
| Insurance | $21,278 |
| All other expenses | $8,280 |
| Total functional expenses | $639,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,827 |
| Savings and temporary cash investments | $4,278 |
| Pledges and grants receivable | $6,484 |
| 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 | $7,002 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,595,424 |
| Investments—publicly traded securities | $40,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,162,414 |
| Total assets | $5,945,470 |
| Accounts payable and accrued expenses | $27,049 |
| Grants payable | $0 |
| Deferred revenue | $24,287 |
| 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 | $13,669 |
| Total liabilities | $65,005 |
| Net assets without donor restrictions | $4,881,294 |
| Net assets with donor restrictions | $999,171 |
| 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 | $5,945,470 |