Fredericksburg Area Museum And Cultural Center Inc
- Assets
- $3.6m
- Revenue
- $445.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Fredericksburg, VA
- Founding
- 08/1987
- Data as of
- 06/2021
- EIN
- 54-1395291
Organization Overview
Fredericksburg Area Museum And Cultural Center Inc is located in Fredericksburg, VA. The organization was established in 1987. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Fredericksburg Area Museum And Cultural Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg Area Museum And Cultural Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FREDERICKSBURG AREA MUSEUM AND CULTURAL CENTER (FAMCC) IS TO COLLECT, INTERPRET AND PRESENT THE HISTORY AND CULTURE OF THE FREDERICKSBURG AREA. IT IS A LEARNING CENTER THAT SEEKS TO EDUCATE STUDENTS AND THE VISITING PUBLIC ABOUT THE HERITAGE OF THE MEN AND WOMEN, FROM ALL STATIONS OF LIFE, WHO SHAPED THE FREDERICKSBURG REGION AND ITS ROLE IN THE NATION'S DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM AND CULTURAL CENTER WITH CONTINUING EXHIBIT MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Poore President & | Officer | 40 | $106,475 |
Elliott Jones Vice Chair | OfficerTrustee | 1 | $0 |
Tim Bornholtz Chair | OfficerTrustee | 2 | $0 |
Kathy Roscoe Treasurer | OfficerTrustee | 1 | $0 |
Dr Christina Turdean Secretary | OfficerTrustee | 1 | $0 |
Heather Cohen Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,031 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,205 |
| Noncash contributions included in lines 1a–1f | $28,241 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,736 |
| Total Program Service Revenue | $24,587 |
| Investment income | $68,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,963 |
| Net Gain/Loss on Asset Sales | $32,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,474 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $20,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,861 |
| Pension plan accruals and contributions | $5,968 |
| Other employee benefits | $0 |
| Payroll taxes | $15,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,189 |
| Advertising and promotion | $3,073 |
| Office expenses | $6,373 |
| Information technology | $11,737 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $19,752 |
| Insurance | $8,716 |
| All other expenses | $14,036 |
| Total functional expenses | $379,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,256 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,109 |
| 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 | $129,863 |
| Investments—publicly traded securities | $3,054,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,583,207 |
| Accounts payable and accrued expenses | $34,845 |
| 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 | $51,092 |
| Other liabilities | $0 |
| Total liabilities | $85,937 |
| Net assets without donor restrictions | $482,121 |
| Net assets with donor restrictions | $3,015,149 |
| 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 | $3,583,207 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fredericksburg Area Museum And Cultural Center Inc has recieved totaling $28,420.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $17,930 |
Community Foundation Of The Rappahannock River Region Inc Fredericksburg, VA PURPOSE: ARTS, CULTURE | $10,490 |
Endowment Analysis
| Beg. Balance | $1,817,000 |
| Ending Balance | $1,817,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
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 |