Greenville Museum Of Art Inc
- Assets
- $518.2k
- Revenue
- $515.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Greenville, NC
- Founding
- 03/1958
- Data as of
- 06/2024
- EIN
- 56-0754646
Organization Overview
Greenville Museum Of Art Inc is located in Greenville, NC. The organization was established in 1958. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Greenville Museum Of Art Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenville Museum Of Art 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 06/2024, Greenville Museum Of Art Inc generated $515.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $419.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ARTS THROUGH VARIOUS PROGRAMS, MAINTAINING ART COLLECTION AND MUSEUM FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE ARTS THROUGH VARIOUS PROGRAMS, MAINTAINING ART COLLECTION & MUSEUM FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trista R Porter Executive Di | Officer | 40 | $60,000 |
Grayson Blake Board Member | Trustee | $0 | |
Alaina Corsini Board Member | Trustee | $0 | |
Lawrence Houston Board Member | Trustee | $0 | |
Sierra Jones Vice-Preside | Trustee | $0 | |
William Meggs Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,458 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $440,770 |
| Total Program Service Revenue | $75,108 |
| Investment income | $66 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,150 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,032 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,062 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,629 |
| Payroll taxes | $13,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,875 |
| Advertising and promotion | $1,660 |
| Office expenses | $17,883 |
| Information technology | $5,665 |
| Royalties | $0 |
| Occupancy | $53,362 |
| Travel | $3,478 |
| 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 | $24,881 |
| Insurance | $13,274 |
| All other expenses | $89 |
| Total functional expenses | $419,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,239 |
| Savings and temporary cash investments | $54,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,030 |
| 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 | $343,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $518,151 |
| Accounts payable and accrued expenses | $1,010 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,010 |
| Net assets without donor restrictions | $517,141 |
| Net assets with donor restrictions | $0 |
| 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 | $518,151 |