Furnace Town Foundation Incorporated

Organization Overview

Furnace Town Foundation Incorporated is located in Snow Hill, MD. The organization was established in 1982. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Furnace Town Foundation Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furnace Town Foundation Incorporated 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 12/2021, Furnace Town Foundation Incorporated generated $276.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $142.7k during the year ending 12/2021. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PRESERVE, RESTORE, INTERPRET AND DEVELOP THE 25 ACRES OF FURNACE TOWN LIVING HERITAGE MUSEUM AND THE 19TH CENTURY VILLAGE OF THE NASSAWANGO IRON FURNACE

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2021, FURNACE TOWN FOCUSED ON OUTDOOR EDUCATION ACTIVITIES AND MANAGING THE FINANCIAL CHALLENGES OF THE PANDEMIC. OUR OUTDOOR VENUE ALLOWED UPS TO INTERPRET OUR EXHIBITS CREATIVELY AND OPENED NEW AVENUES LIKE HOMESCHOOL GROUP TOURS. NEW GROUPS WERE ABLE TO LEARN ABOUT FURNACE TOWN, THE NASSAWANGO IRON FURNACE AND THE HISTORY AND CULTURE OF MARYLAND'S LOWER EASTERN SHORE. THE BUILDINGS AND ARTIFACTS ON DISPLAY WERE PRESERVED AND ENHANCED DURING THE YEAR. FURNACE TOWN HOSTED APPROXIMATELY 4,000 ADULTS AND CHILDREN.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$7,390
Fundraising events$28,586
Related organizations$0
Government grants $56,642
All other contributions, gifts, grants, and similar amounts not included above$58,350
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$150,968
Total Program Service Revenue$23,215
Investment income $58,165
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,790
Net Income from Fundraising Events $28,586
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $276,128

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Furnace Town Foundation Incorporated has recieved totaling $18,458.

Awarding OrganizationAmount
Community Foundation Of The Eastern Shore Inc

Salisbury, MD

PURPOSE: CONSERVATION & HISTORIC PRESERVATION

$18,446
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$12
View Grant Recipient Profile

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