Tennessee State Museum Foundation
- Assets
- $6.6m
- Revenue
- $117.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 12/1976
- Data as of
- 06/2021
- EIN
- 51-0200584
Organization Overview
Tennessee State Museum Foundation is located in Nashville, TN. The organization was established in 1976. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee State 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 06/2021, Tennessee State Museum Foundation generated $117.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND EXTEND ACTIVITIES OF THE TN STATE MUSEUM
Describe the Organization's Program Activity:
SERVICES PROVIDED FOR SPECIFIC EXHIBITS AND AUXILIARY SERVICES TO SUPPORT THE TENNESSEE STATE MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Ch Henry Vice Chair/ Acting Chair | OfficerTrustee | 1 | $0 |
Dianne Neal Secretary | OfficerTrustee | 1 | $0 |
Charles B Welch Jr Treasurer | OfficerTrustee | 1 | $0 |
David Preston Vice Chair | OfficerTrustee | 1 | $0 |
Ashley Howell Museum Executive Director | OfficerTrustee | 4 | $0 |
Claire Armistead Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,213 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,626 |
| Total Program Service Revenue | $0 |
| Investment income | -$34,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,247,050 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,900 |
| Fees for services: Accounting | $15,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,786 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $5,715 |
| All other expenses | $0 |
| Total functional expenses | $5,314,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,246,553 |
| Accounts receivable, net | $3,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,120 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,279,525 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,574,867 |
| Accounts payable and accrued expenses | $2,627 |
| Grants payable | $0 |
| Deferred revenue | $120,200 |
| 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 | $122,827 |
| Net assets without donor restrictions | $605,879 |
| Net assets with donor restrictions | $5,846,161 |
| 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 | $6,574,867 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Tennessee State Museum Foundation has recieved totaling $226,515.
| Awarding Organization | Amount |
|---|---|
Andrea Waitt Carlton Family Foundation Nashville, TN PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Ryman Hospitality Properties Foundation Nashville, TN PURPOSE: GRANT FOR SUPPORT OF PROGRAM MISSION FOR EDUCATION | $20,000 |
The Frist Foundation Nashville, TN PURPOSE: GENERAL SUPPORT FOR TENNESSEE WALTZ IN 2021 | $2,500 |
Dorothy Cate And Thomas F Frist Foundation Nashville, TN PURPOSE: GENERAL SUPPORT. | $1,000 |
Hudson Family Charitable Foundation Nashville, TN PURPOSE: GENERAL FUND | $1,000 |
Andrew Allen Charitable Foundation Cheyenne, WY PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $30,338 |
| Earnings | $2,957 |
| Ending Balance | $33,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |