Baltimore Museum Of Industry is located in Baltimore, MD. The organization was established in 1981. 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, Baltimore Museum Of Industry employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Museum Of Industry 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 06/2020, Baltimore Museum Of Industry generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.6m during the year ending 06/2020. While expenses have increased by 4.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM EXHIBITION - WE CELEBRATE PAST, PRESENT, AND FUTURE INNOVATIONS OF BALTIMORE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMMING: IN FY2022 THE BMI OFFERED A SUITE OF CURRICULUM-ALIGNED EDUCATIONAL PROGRAMS TO SCHOOL GROUPS IN BOTH IN-PERSON AND VIRTUAL FORMATS. ALTHOUGH THE MUSEUM HAD BEEN CLOSED TO ON-SITE SCHOOL VISITORS FOR MORE THAN A YEAR DURING THE PANDEMIC, BOOKINGS RESUMED IN FY22 AND THE MUSEUM ENDED THE YEAR WITH MORE THAN 24,000 VISITS FROM STUDENTS, TEACHERS, AND CHAPERONES. THE BMI ALSO CONTINUED TO OFFER THE POPULAR MARYLAND ENGINEERING CHALLENGES, RESUMING TO AN IN-PERSON FORMAT FOR THESE HIGHLY REGARDED STEM COMPETITIONS. SIMULTANEOUSLY, THE MUSEUM CONTINUED TO OFFER OUTREACH SERVICES SUCH AS THE POPULAR CITY KITS PROGRAM. THE MUSEUM'S RESOURCES COMPLEMENT CLASSROOM LEARNING AND SUPPORT EFFORTS TO AMELIORATE PANDEMIC-RELATED LEARNING LOSS. TEACHERS HAVE EXPRESSED APPRECIATION TO THE BMI FOR PROVIDING RESOURCES THAT HAVE HELPED THEM KEEP STUDENTS MEANINGFULLY ENGAGED AND FOR OFFERING THEM IN FLEXIBLE FORMATS.
EXHIBITIONS & COLLECTIONS: EXHIBITIONS PLAY AN IMPORTANT ROLE IN FULFILLING THE BMI'S MISSION. IN FY2022, THE BMI WAS PLEASED TO OPEN FIRE & SHADOW: THE RISE AND FALL OF BETHLEHEM STEEL, A LONG-TERM EXHIBITION THAT CHRONICLES THE STORIES OF STEEL WORKERS AT THE BALTIMORE'S SPARROWS POINT MILL. IT MARKS THE CULMINATION OF THE MUSEUM'S MULTI-YEAR BETHLEHEM STEEL LEGACY PROJECT, WHICH GARNERED WIDESPREAD MEDIA COVERAGE. THROUGH ITS REFRAMING THE NARRATIVE INITIATIVE, THE BMI UNVEILED INTERPRETIVE UPDATES IN SEVERAL OF THE MUSEUM'S IN FY2022. THE UPDATES FEATURE THE STORIES OF IMMIGRANTS, WOMEN, AND PEOPLE OF COLOR IN VARIOUS INDUSTRIES TO BETTER REPRESENT THE REGION'S DIVERSE HERITAGE. THESE AND OTHER EXHIBITIONS DRAW HEAVILY UPON THE BMI'S ARCHIVAL COLLECTIONS, WHICH CONTAIN MORE THAN 10,000 LINEAR FEET OF RECORDS FROM DOZENS OF MARYLAND BUSINESSES, AS WELL AS OVER 80,000 PHOTOGRAPHIC IMAGES AND A 5,000-VOLUME RESEARCH LIBRARY. ALTHOUGH MOST OF THESE COLLECTIONS ARE ONLY AVAILABLE ON-SITE, THE PANDEMIC ACCELERATED EFFORTS TO DIGITIZE THE BMI'S RESOURCES AND MAKE THEM REMOTELY ACCESSIBLE.
PUBLIC PROGRAMMING: WHILE RETURNING TO IN-PERSON PROGRAMMING IN FY2022, THE BMI ALSO MAINTAINED A ROBUST SCHEDULE OF VIRTUAL PROGRAMMING, AFTER HEARING FROM PARTICIPANTS THAT THEY STILL ENJOYED HAVING THIS OPTION. THE MUSEUM'S POPULAR "BALTIMORE NARRATIVES" MONTHLY ONLINE LECTURE SERIES DREW 100+ VIEWERS EACH MONTH, OFFERING INSIGHTFUL PERSPECTIVES ON A WIDE RANGE OF TOPICS RELATED TO MARYLAND'S INDUSTRIAL HISTORY. IN-PERSON PROGRAMS INCLUDED MONTHLY OYSTER GARDENING WORKSHOPS, COMMUNITY CONCERTS, ARTIST MEET-AND-GREETS, BOOK LAUNCHES, AND CRAFTING CLASSES FOR ADULTS AND CHILDREN. PROGRAMS SUCH AS THESE ATTRACTED MORE THAN 3,200 PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anita Kassof Executive Director | Officer | 40 | $88,034 |
Margaret DE Arcangelis Deputy Director | Officer | 40 | $61,624 |
Nan Rohrer Former Chair, Trustee | OfficerTrustee | 1 | $0 |
Scott Ensor Chair, Trustee | OfficerTrustee | 1 | $0 |
Linsley Carruth Former Treasurer, Trustee | OfficerTrustee | 1 | $0 |
Michael Raphael Vice Chair, Trustee | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,248,242 |
Investment income | $25,187 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $514,165 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$14,673 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $10,554 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,097,519 |
Statement of Expenses | |
---|---|
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. | $178,549 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $846,169 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $108,551 |
Payroll taxes | $86,423 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $22,498 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $431,161 |
Advertising and promotion | $17,801 |
Office expenses | $55,848 |
Information technology | $43,071 |
Royalties | $0 |
Occupancy | $147,487 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,783 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $126,280 |
Depreciation, depletion, and amortization | $290,646 |
Insurance | $44,452 |
All other expenses | $0 |
Total functional expenses | $2,575,147 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $629,142 |
Savings and temporary cash investments | $174,946 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $24,164 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,312 |
Inventories for sale or use | $20,800 |
Prepaid expenses and deferred charges | $6,031 |
Investments—publicly traded securities | $740,618 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $2,295 |
Other assets | $221,268 |
Total assets | $4,041,463 |
Accounts payable and accrued expenses | $124,412 |
Grants payable | $0 |
Deferred revenue | $353,220 |
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 | $2,360,471 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,838,103 |
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 |
Total liabilities and net assets/fund balances | $1,203,360 |
Over the last fiscal year, we have identified 2 grants that Baltimore Museum Of Industry has recieved totaling $9,500.
Awarding Organization | Amount |
---|---|
The Huether Foundation Inc Phoenix, MD PURPOSE: UNRESTRICTED | $7,500 |
Southway Builders Charitable Trust Inc Baltimore, MD PURPOSE: UNRESTRICTED GRANT | $2,000 |
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 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
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 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Baltimore Museum Of Industry Baltimore, MD | $4,041,463 | $2,097,519 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |