Museum Of The New South Inc
- Assets
- $19.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Charlotte, NC
- Founding
- 12/1991
- Data as of
- 06/2022
- EIN
- 56-1748648
Organization Overview
Museum Of The New South Inc, operating under the name Levine Museum Of The New South, is located in Charlotte, NC. The organization was established in 1991. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Levine Museum Of The New South employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Levine Museum Of The New South 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 06/2022, Levine Museum Of The New South generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEVINE MUSEUM'S MISSION IS TO CONNECT THE PAST TO THE FUTURE TO REALIZE THE PROMISES OF A NEW SOUTH THROUGH EXHIBITS THAT EXPLORE COMPLEX CHAPTERS IN THE REGION'S HISTORY AND PROGRAMS THAT LAUNCH DIALOGUE, FOSTER EMPATHY, AND BUILD AN EQUITABLE COMMUNITY.
Describe the Organization's Program Activity:
PLEASE SEE OUR STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Hill President & CEO | Officer | 40 | $152,107 |
Kieth Cockrell Chair | OfficerTrustee | 2 | $0 |
Ty Niess Vice Chair | OfficerTrustee | 2 | $0 |
Vida Harvey Secretary | OfficerTrustee | 2 | $0 |
Peggy Brookhouse Immediate Past Chair | OfficerTrustee | 2 | $0 |
Jimmy Kmetz Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,876 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $763,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,064,465 |
| Total Program Service Revenue | $107,027 |
| Investment income | $492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,217 |
| Net Gain/Loss on Asset Sales | $5,421,544 |
| Net Income from Fundraising Events | $62,095 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,687,366 |
| 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. | $159,357 |
| Compensation of current officers, directors, key employees. | $63,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $860,955 |
| Pension plan accruals and contributions | $20,251 |
| Other employee benefits | $53,387 |
| Payroll taxes | $74,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,415 |
| Fees for services: Other | $164,086 |
| Advertising and promotion | $35,768 |
| Office expenses | $127,433 |
| Information technology | $34,218 |
| Royalties | $0 |
| Occupancy | $138,652 |
| Travel | $1,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,755 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,580 |
| Insurance | $14,196 |
| All other expenses | $0 |
| Total functional expenses | $2,062,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $741,255 |
| Savings and temporary cash investments | $10,155,769 |
| Pledges and grants receivable | $206,900 |
| Accounts receivable, net | $28,567 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,654 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,469 |
| Investments—publicly traded securities | $8,287,899 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,353 |
| Total assets | $19,470,866 |
| Accounts payable and accrued expenses | $130,693 |
| 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 | $130,693 |
| Net assets without donor restrictions | $18,934,857 |
| Net assets with donor restrictions | $405,316 |
| 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 | $19,470,866 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Museum Of The New South Inc has recieved totaling $1,009,733.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $996,737 |
Katherine And Thomas Belk Foundation Inc Charlotte, NC PURPOSE: ANNUAL FUND | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,503 |
Perper Family Foundation Charlotte, NC PURPOSE: TO SUPPORT A HISTORIC ARTS MUSEUM IN CHARLOTTE. | $1,000 |
Dickson Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $690 |
Endowment Analysis
| Beg. Balance | $9,555,749 |
| Earnings | -$1,318,999 |
| Admin Expense | $16,415 |
| Net Contributions | $395,300 |
| Grants | $327,736 |
| Ending Balance | $8,287,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |
National Womens History Museum Alexandria, VA | $1,422,250 | $2,958,832 |