Mountain Farm & Home Museum Inc
- Assets
- $1.1m
- Revenue
- $19.1k
- Investments
- $397.8k
- Employees
- 0
- Location
- Hendersonville, NC
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 56-2032901
Organization Overview
Mountain Farm & Home Museum Inc is located in Hendersonville, NC. The organization was established in 1997. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Farm & Home Museum Inc 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, Mountain Farm & Home Museum Inc generated $19.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $37.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A NO-FEE MUSEUM DISPLAYING ANTIQUE FARM & HOME EQUIPMENT IN ORDER TO EDUCATE VISITORS OF THE MOUNTAIN REGION'S RICH HISTORY & TO PROVIDE A PLACE TO PRESERVE THESE HISTORICAL ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abajiah B Wexler President | 5 | $0 | |
Darlene Wexler Vice President | 5 | $0 | |
Jeanene Wexler Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,390 |
| Net Rental Income | $6,720 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $15,692 |
| Occupancy | $1,883 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,798 |
| Total operating and administrative expenses | $37,423 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $37,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,686 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $441,351 |
| Other assets | $228,465 |
| Total assets | $1,076,300 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Charleston Museum Charleston, SC | $22,919,139 | $2,871,325 |
Museum Of The New South Inc Charlotte, NC | $19,470,866 | $6,687,366 |