The Frostburg Museum Assn Inc
- Assets
- $673.4k
- Revenue
- $58.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Frostburg, MD
- Founding
- 08/1983
- Data as of
- 06/2022
- EIN
- 52-1276142
Organization Overview
The Frostburg Museum Assn Inc is located in Frostburg, MD. The organization was established in 1983. 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. Frostburg Museum Assn Inc 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, Frostburg Museum Assn Inc generated $58.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $21.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (27.4%) per year over the past 3 years. 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 PURPOSE OF THE ASSOCIATION SHALL BE TO ACQUIRE, DOCUMENT, CATALOGUE, PRESERVE, AND DISPLAY ARTIFACTS AND OTHER ITEMS RELATED TO THE HISTORY OF FROSTBURG, MD
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE ACCOMPLISHMENT OF THE FROSTBURG MUSEUM ASSOCIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Eshl President | OfficerTrustee | 20 | $0 |
Joe Williams Vice President | OfficerTrustee | 5 | $0 |
John Kirby Treasurer | OfficerTrustee | 20 | $0 |
Susan Kenney Secretary | OfficerTrustee | 5 | $0 |
Ralph Bender Board Member | Trustee | 5 | $0 |
Kitty Davis Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,068 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,709 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,971 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48 |
| Office expenses | $1,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,693 |
| 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 | $8,651 |
| All other expenses | $0 |
| Total functional expenses | $21,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,247 |
| Savings and temporary cash investments | $46,784 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $443,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $81,298 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $673,429 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $642,929 |
| Net assets with donor restrictions | $30,500 |
| 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 | $673,429 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Frostburg Museum Assn Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Maryland Humanities Council Inc Baltimore, MD PURPOSE: MARYLAND HUMANITIES SHARP RECOVERY GRANTS FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
The Masonic Library And Museum Of Pennsylvania Philadelphia, PA | $22,455,436 | $4,692,168 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |
African American Museum In Philadelphia, PA | $3,193,527 | $2,188,357 |
National Liberty Museum Philadelphia, PA | $29,022,169 | $6,454,571 |
Foundation For The Reading Public Museum Reading, PA | $14,501,952 | $4,253,898 |
National Association Of Watch And Clock Collectors Inc Columbia, PA | $7,480,345 | $2,488,081 |
3 Dog Garage Skippack, PA | $25,817,252 | $3,469,990 |
Delaware Museum Of Nature And Science Inc Greenville, DE | $34,238,280 | $3,600,840 |