Museum Of The New South Inc
- Assets
- $19.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 23
- 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 06/2024, Levine Museum Of The New South employed 23 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 8 years, it has increased revenue by an average of 14.4% 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
FOR 30 YEARS, LEVINE MUSEUM OF THE NEW SOUTH HAS EXPLORED THE REGION'S HISTORY THROUGH EXHIBITS, EDUCATIONAL PROGRAMS, AND DIALOGUES THAT PROVIDE CONTEXT AROUND CONTEMPORARY ISSUES, TACKLE IMPORTANT QUESTIONS, AND ENCOURAGE NECESSARY COMMUNITY DIALOGUE. LEVINE MUSEUM IS A CIVIC AND EDUCATIONAL INSTITUTION LOCATED IN CENTER CITY CHARLOTTE OFFERING DIGITAL EXPERIENCES, ON-SITE EXHIBITS, AND PROGRAMMING FOR ADULTS, FAMILIES, CHILDREN, AND SCHOOL AUDIENCES. THE MUSEUM HAS EARNED A LOCAL, NATIONAL, AND INTERNATIONAL REPUTATION FOR CREATING INNOVATIVE AND GROUND-BREAKING EXHIBITS AND PROGRAMS THAT USE HISTORY TO BUILD COMMUNITY. LEVINE MUSEUM REALIZED THE FOLLOWING ACCOMPLISHMENTS IN FISCAL YEAR 2024: -HOSTED THE TRAVELING EXHIBITION STATES OF INCARCERATION, WHICH EXPLORES THE ROOTS OF MASS INCARCERATION ACROSS THE COUNTRY. -DESIGNED AND INSTALLED A NEW LONG-TERM EXHIBITION: CHARLOTTE: MOVING FORWARD, LOOKING BACK. AIMED TO EDUCATE NATIVES AND VISITORS ALIKE, IT IS A FOUNDATIONAL NARRATIVE OF CHARLOTTE HISTORY THAT ANSWERS QUESTIONS ABOUT HOW WE GOT HERE AND WHERE WE ARE HEADED. -RECORDED EIGHT ORAL HISTORIES WITH GRIER HEIGHTS COMMUNITY MEMBERS AND CONTINUED TO PLACE THE CO-CREATED TRAVELING EXHIBITION, GRIER HEIGHTS: COMMUNITY IS FAMILY IN CHARLOTTE SPACES. -HOSTED 35 PUBLIC PROGRAMS AND EVENTS IN 29 LOCATIONS ACROSS THE REGION. -LAUNCHED AUTHOR TALKS PROGRAM SERIES, FEATURING PULITZER-PRIZE WINNING AUTHOR JONATHAN EIG. -BEGAN PROGRAM SERIES COMMUNITY CONVERSATIONS, WHICH CREATES SPACE FOR INTENTIONAL ROUNDTABLE CONVERSATIONS AMONGST ATTENDEES AND PANELISTS ABOUT VARIOUS THEMES OF INTEREST TO LOCAL COMMUNITIES. -CREATED OUR NEW SOUTH, AN AWARD-WINNING PODCAST WITH A NATIONAL AUDIENCE THAT EXPLORES HOW SOUTHERN CITIES, INCLUDING CHARLOTTE, ARE CONFRONTING COMPLEX ISSUES LIKE EQUITY IN EDUCATION AND IMMIGRATION. -PUBLISHED TWO WEB-BASED PROJECTS: 50 PLACES IN CHARLOTTE, WHICH UNCOVERS THE SIGNIFICANCE OF AND STORIES BEHIND 50 SITES ACROSS THE CITY; AND NC HISTORY CASE STUDIES, STUDENT AND TEACHER-FOCUSED EDUCATIONAL INQUIRIES AND MATERIALS THAT CONNECT UNITED STATES AND NORTH CAROLINA HISTORY. -HOSTED PROFESSIONAL DEVELOPMENT WORKSHOPS TO SERVE MORE THAN 400 AREA TEACHERS. -NAMED DR. RICHARD COOPER PRESIDENT AND CEO AFTER A NATIONWIDE SEARCH TO FILL THE SPOT OF RETIRING LEADER KATHRYN HILL. -ENGAGED WITH A LOCAL PUBLIC RELATIONS FIRM TO BROADEN AUDIENCE AND REACH. -ADDED TWO POSITIONS IN DEVELOPMENT AND MARKETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,064,465 |
| 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 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 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 |
| 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 |
| Total liabilities and net assets/fund balances | $19,340,173 |