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 12/2022, Henry County Furniture Museum Inc generated $32.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $41.4k during the year ending 12/2022. While expenses have increased by 44.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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.
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 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $16,430 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $618 |
Other Revenue | $15,418 |
Total Revenue | $32,466 |
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 | $18,530 |
Occupancy, rent, utilities, and maintenance | $8,505 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $14,354 |
Total expenses | $41,389 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $5,674 |
Other assets | $0 |
Total assets | $18,203 |
Total liabilities | $0 |
Net assets or fund balances | $18,203 |