Friends Of Nc State Museum Of Natural Sciences
- Assets
- $11.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 107
- Location
- Raleigh, NC
- Founding
- 09/1979
- Data as of
- 06/2023
- EIN
- 56-1240806
Organization Overview
Friends Of Nc State Museum Of Natural Sciences is located in Raleigh, NC. The organization was established in 1979. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Friends Of NC State Museum Of Natural Sciences employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of NC State Museum Of Natural Sciences 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 06/2023, Friends Of NC State Museum Of Natural Sciences generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. While expenses have increased by 3.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE NC STATE MUSEUM OF NATURAL SCIENCES SUPPORTS THE MUSEUM IN ITS MISSION TO ILLUMINATE THE NATURAL WORLD AND INSPIRE ITS CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM STORES: FRIENDS OF THE MUSEUM OPERATES TWO PERMANENT STORES AND ONE TEMPORARY FEATURED EXHIBITION STORE TO ENHANCE AND EXTEND THE MUSEUM VISITORS' EXPERIENCE. MERCHANDISE INCLUDES EDUCATIONAL SCIENCE ITEMS, MUSEUM SOUVENIRS, AND SCIENCE-THEMED ART AND JEWELRY. A PORTION OF PROCEEDS DIRECTLY SUPPORTS MUSEUM PROGRAMS AND EXHIBITS.
EDUCATIONAL MOVIES AND EVENTS: FRIENDS OF THE MUSEUM OPERATES EDUCATIONAL MOVIES AND EVENTS ON BEHALF OF THE MUSEUM. THESE EVENTS AND MOVIES ENHANCE THE MUSEUM'S PERMANENT EXHIBITS WITH A CHANGING ARRAY OF NEW AND COMPELLING SCIENCE TOPICS, BRING IN NEW AND REPEAT VISITATION, ENGAGE DIVERSE GROUPS OF VISITORS AND FURTHER THE MUSEUM'S MISSION TO ILLUMINATE THE NATURAL WORLD AND INSPIRE ITS CONSERVATION.
FACILITY USE: FRIENDS OF THE MUSEUM SUPPORTS THE MUSEUM AND PROVIDES EDUCATIONAL CONTENT BY OFFERING USE OF THE MUSEUM FOR PRIVATE EVENTS. GUESTS OF THE EVENT ENJOY MUSEUM EXHIBITS AND HAVE THE OPPORTUNITY FOR EXPANDED PROGRAMMING DURING THEIR EVENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Nixon Chair | OfficerTrustee | 3 | $0 |
Andrea Oakley Fox Vice Chair | OfficerTrustee | 2 | $0 |
Toni Lockett Treasurer | OfficerTrustee | 2 | $0 |
John Rumsey Secretary | OfficerTrustee | 2 | $0 |
Drew Ammons Board Member | Trustee | 1 | $0 |
Jason Barron Immediate Past Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $387,774 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,332,577 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,874,261 |
| Noncash contributions included in lines 1a–1f | $63,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,594,612 |
| Total Program Service Revenue | $1,209,915 |
| Investment income | $113,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $887,413 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,997,265 |
| 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. | $200,671 |
| Compensation of current officers, directors, key employees. | $148,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,409,029 |
| Pension plan accruals and contributions | $13,820 |
| Other employee benefits | $140,330 |
| Payroll taxes | $114,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,948 |
| Fees for services: Accounting | $26,771 |
| Fees for services: Lobbying | $85,827 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,738 |
| Fees for services: Other | $802,279 |
| Advertising and promotion | $249,791 |
| Office expenses | $291,258 |
| Information technology | $43,068 |
| Royalties | $77,706 |
| Occupancy | $24,044 |
| Travel | $230,651 |
| 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 | $141,990 |
| Depreciation, depletion, and amortization | $33,013 |
| Insurance | $40,681 |
| All other expenses | $81,063 |
| Total functional expenses | $5,035,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669 |
| Savings and temporary cash investments | $5,381,319 |
| Pledges and grants receivable | $1,453,716 |
| Accounts receivable, net | $320,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,623 |
| Prepaid expenses and deferred charges | $3,413 |
| Net Land, buildings, and equipment | $350,392 |
| Investments—publicly traded securities | $3,999,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,278 |
| Other assets | $0 |
| Total assets | $11,673,537 |
| Accounts payable and accrued expenses | $408,693 |
| Grants payable | $0 |
| Deferred revenue | $40,932 |
| 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 | $449,625 |
| Net assets without donor restrictions | $3,343,830 |
| Net assets with donor restrictions | $7,880,082 |
| 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 | $11,673,537 |