Reynolda House Inc
- Assets
- $49.2m
- Revenue
- $4.7m
- Investments
- $37.8m
- Employees
- 95
- Location
- Winston Salem, NC
- Founding
- 03/1965
- Data as of
- 06/2021
- EIN
- 56-0810676
Organization Overview
Reynolda House Inc, operating under the name See Schedule O, is located in Winston Salem, NC. The organization was established in 1965. 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 06/2023, See Schedule O employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 06/2021, See Schedule O generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REYNOLDA-AS A MUSEUM, GARDEN, AND HISTORIC COUNTRY ESTATE-CONNECTS PEOPLE WITH THE BEAUTY AND COMPLEXITY OF THE AMERICAN STORY THROUGH THE INTEGRATION OF ART, LEARNING, AND NATURE. WE CULTIVATE EXPERIENCES AND ENVIRONMENTS THAT FOSTER BELONGING.
Describe the Organization's Program Activity:
OPERATION OF A HISTORIC HOUSE AND AMERICAN ART MUSEUM, INCLUDING INTERPRETATION, PRESERVATION, AND EDUCATION. THE MUSEUM OFFERS CHANGING EXHIBITIONS IN ITS 2,789 SQUARE FOOT EXHIBITION GALLERY. EDUCATION PROGRAMS INCLUDE LECTURES, TOURS, PLAYS, COURSES, GALLERY TALKS, SYMPOSIA, SUMMER CAMPS, ETC. THE MUSEUM HOSTED APPROXIMATELY 27,047 VISITORS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan O Hatch President Of | 0 | $0 | |
Susan R Wente Employed 712021 President Of | Officer | 0.5 | $0 |
Amy Mcmichael Director | Trustee | 1 | $0 |
Allison C Perkins Executive Di | Officer | 35 | $0 |
Kim S Hampton Director Of | Officer | 40 | $111,713 |
Iris Cole Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frank L Blum Construction Company Construction | 6/29/22 | $2,808,062 |
Pathway Technologies Inc Security | 6/29/22 | $147,040 |
Systems Contractors Inc Mechanical | 6/29/22 | $142,142 |
Johnson Controls Fire Protection Lp Safety | 6/29/22 | $119,730 |
Joseph K Oppermann Architect Pa Architectural | 6/29/22 | $103,561 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,123,425 |
| Investment income | $187,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $48 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,186,458 |
| Net Income from Fundraising Events | -$11,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,970 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,689,357 |
| Statement of Expenses | |
|---|---|
| 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. | $427,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,608,249 |
| Pension plan accruals and contributions | $100,931 |
| Other employee benefits | $175,736 |
| Payroll taxes | $83,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $240,610 |
| Fees for services: Other | $86,776 |
| Advertising and promotion | $74,346 |
| Office expenses | $145,276 |
| Information technology | $146,707 |
| Royalties | $982 |
| Occupancy | $394,688 |
| Travel | $3,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $573,190 |
| Insurance | $56,109 |
| All other expenses | $0 |
| Total functional expenses | $4,351,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $2,430,744 |
| Pledges and grants receivable | $139,586 |
| Accounts receivable, net | $26,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,754 |
| Prepaid expenses and deferred charges | $57,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $37,783,064 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,367 |
| Total assets | $49,226,274 |
| Accounts payable and accrued expenses | $223,906 |
| Grants payable | $0 |
| Deferred revenue | $31,795 |
| 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 | $166,187 |
| Total liabilities | $421,888 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $48,804,386 |