Isle Of Wight County Museum Foundation Inc
- Assets
- $865.4k
- Revenue
- $33.5k
- Investments
- $739.5k
- Employees
- 0
- Location
- Smithfield, VA
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 54-1877210
Organization Overview
Isle Of Wight County Museum Foundation Inc is located in Smithfield, VA. The organization was established in 1998. 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. Isle Of Wight County Museum Foundation 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, Isle Of Wight County Museum Foundation Inc generated $33.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $50.2k during the year ending 12/2022. While expenses have increased by 10.9% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVICED APPROXIMATELY 6,654 VISITORS AND RESIDENTS DURING 2022, UTILIZING 1,653 VOLUNTEER HOURS TO HOST PROGRAMS IN LOCAL INSTITUTIONS, CONTINUE RESEARCH AND IMPROVE EXHIBITS.
THE ORGANIZATION PROVIDED FUNDING FOR EXHIBITS IN THE ISLE OF WIGHT COUNTY MUSEUM. FOUNDATION ARTIFACTS WERE INCLUDED IN THE DISPLAYS.
STORAGE OF MUSEUM ARTIFACTS.
DIGITAL ARCHIVE 5 YEARS OF LOCAL NEWSPAPER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Edwards President | 3 | $0 | |
Sarah Edwards Trustee | 1 | $0 | |
Gerald Gwaltney Trustee | 1 | $0 | |
Carolyn A Keen Vice President | 1 | $0 | |
Linda Spady Trustee | 2 | $0 | |
Sallie Belle Benedetti Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,615 |
| Interest on Savings | $28 |
| Dividends & Interest | $22,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,474 |
| Capital Gain Net Income | $7,474 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $552 |
| Total Revenue | $33,464 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,664 |
| Depreciation | $135 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,557 |
| Total operating and administrative expenses | $50,161 |
| Contributions, gifts, grants paid | $75 |
| Total expenses and disbursements | $50,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,066 |
| Savings and temporary cash investments | $5,041 |
| 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 | $21,606 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $729,335 |
| Net Land, buildings, and equipment | $2,397 |
| Other assets | $49,828 |
| Total assets | $865,403 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |