Museum Of The Cherokee Indian
- Assets
- $7.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Cherokee, NC
- Founding
- 03/1970
- Data as of
- 12/2021
- EIN
- 56-0944327
Organization Overview
Museum Of The Cherokee Indian is located in Cherokee, NC. The organization was established in 1970. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of The Cherokee Indian employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of The Cherokee Indian 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 12/2021, Museum Of The Cherokee Indian generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF THE HISTORY, CULTURE, AND HERITAGE OF THE CHEROKEE INDIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
** SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myra Cloer Vice - President | OfficerTrustee | 1 | $0 |
Samantha Ferguson President | OfficerTrustee | 1 | $0 |
Anita Welch Lossiah Secretary | OfficerTrustee | 1 | $0 |
Cory Blankenship Treasurer | OfficerTrustee | 1 | $0 |
Janene Lancaster Director | Trustee | 1 | $0 |
Dawna Paul Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,792 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,215 |
| Total Program Service Revenue | $848,608 |
| Investment income | $16,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $308,610 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,829,995 |
| 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 | $853,832 |
| Pension plan accruals and contributions | $27,881 |
| Other employee benefits | $139,997 |
| Payroll taxes | $64,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,076 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,761 |
| Office expenses | $70,202 |
| Information technology | $39,145 |
| Royalties | $0 |
| Occupancy | $48,119 |
| Travel | $4,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,496 |
| Insurance | $38,111 |
| All other expenses | $41,468 |
| Total functional expenses | $1,920,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212,606 |
| Savings and temporary cash investments | $1,108,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $322,853 |
| Prepaid expenses and deferred charges | $92,321 |
| Net Land, buildings, and equipment | $2,498,351 |
| Investments—publicly traded securities | $923,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,068,450 |
| Total assets | $7,226,404 |
| Accounts payable and accrued expenses | $10,841 |
| 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 | $488,320 |
| Total liabilities | $499,161 |
| Net assets without donor restrictions | $5,458,039 |
| Net assets with donor restrictions | $1,269,204 |
| 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 | $7,226,404 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Museum Of The Cherokee Indian has recieved totaling $7,600.
| Awarding Organization | Amount |
|---|---|
Association Of Tribal Archives Libraries And Museums Oklahoma City, OK PURPOSE: To support presenter fees for 12 humanities-based public programs that offer new ideas and perspectives for Eastern Band of Cherokee tribal members and guests. Monthly programs will focus on topics that include cultural revitalization, current events in Indian Country, and artist discussions. | $7,600 |
Endowment Analysis
| Beg. Balance | $491,549 |
| Ending Balance | $491,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
International African American Museum Charleston, SC | $69,899,271 | $29,654,302 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |
Cultural And Heritage Commission Of York County Rock Hill, SC | $4,729,121 | $4,880,963 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
Georgia Museums Inc Cartersville, GA | $34,504,271 | $6,701,117 |