Allegany Museum Inc
- Assets
- $2.3m
- Revenue
- $462.3k
- Investments
- $247.9k
- Employees
- 0
- Location
- Cumberland, MD
- Founding
- 05/1984
- Data as of
- 12/2022
- EIN
- 52-1316124
Organization Overview
Allegany Museum Inc is located in Cumberland, MD. The organization was established in 1984. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegany 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, Allegany Museum Inc generated $462.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $266.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A MUSEUM THAT COLLECTS THE MATERIAL CULTURE OF THE PEOPLE, PAST AND PRESENT, OF THE ALLEGANY REGION FOR THE BENEFIT OF PRESENT AND FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Fetchero Treasurer | 0 | $0 | |
Courtney Mckay-Jensen Director | 0 | $0 | |
Jerry Robinette Director | 0 | $0 | |
John Deniker Secretary | 0 | $0 | |
James Troy Thomas Director | 0 | $0 | |
Ann Townsell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $357,294 |
| Interest on Savings | $46 |
| Dividends & Interest | $5,012 |
| Net Rental Income | $10,914 |
| Net Gain on Sale of Assets | $644 |
| Capital Gain Net Income | $644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $462,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,475 |
| Taxes | $6,344 |
| Depreciation | $66,984 |
| Occupancy | $66,418 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $6 |
| Other expenses | $110,805 |
| Total operating and administrative expenses | $266,699 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $266,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,640 |
| Savings and temporary cash investments | $3,303 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $247,869 |
| Net Land, buildings, and equipment | $1,811,070 |
| Other assets | $0 |
| Total assets | $2,283,882 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $30,302 |
| Other liabilities | $1,150 |
| Total liabilities | $31,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Allegany Museum Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
The Community Trust Foundation Inc Cumberland, MD PURPOSE: PROJECT SUPPORT | $7,000 |
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Somerset Rural Electric Cooperative Inc Somerset, PA | $44,691,676 | $24,950,814 |
Rea Energy Cooperative Inc Indiana, PA | $139,260,164 | $26,641,958 |