Henry County Furniture Museum Inc
- Assets
- $27.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bassett, VA
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 52-1285110
Organization Overview
Henry County Furniture Museum Inc is located in Bassett, VA. The organization was established in 2011. According to its NTEE Classification (A54) the organization is classified as: History 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. Henry County Furniture Museum 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 12/2021, Henry County Furniture Museum Inc generated $32.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $33.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE, ORGANIZE, PARTICIPATE, AND ENCOURAGE INTERESTIN THE COMMUNITY WITHIN BASSETT, VIRGINIA. THE MUSEUM MAINTAINS ANDPRESERVES THE HERITAGE OF THE FURNITURE INDUSTRY FOR THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Spilman Jr President | 1 | $0 | |
John E Bassett III Vice President | 1 | $0 | |
Edward H White Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,424 |
| Total Revenue | $32,424 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,320 |
| Occupancy, rent, utilities, and maintenance | $5,050 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,268 |
| Total expenses | $33,638 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,585 |
| Other assets | $0 |
| Total assets | $27,126 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Henry County Furniture Museum Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
William Whidbee Sale & Virginia B Sale Foundation Bassett, VA PURPOSE: SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Baltimore Museum Of Industry Baltimore, MD | $4,041,463 | $2,097,519 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |