Mountain Farm & Home Museum Inc
- Assets
- $1.0m
- Revenue
- $20.5k
- Investments
- $381.2k
- Employees
- 0
- Location
- Hendersonville, NC
- Founding
- 12/1997
- Data as of
- 12/2023
- 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 12/2023, Mountain Farm & Home Museum Inc generated $20.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $34.4k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Name Not Listed President | 5 | $0 | |
Name Not Listed Vice President | 5 | $0 | |
Name Not Listed Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,325 |
| Net Rental Income | $180 |
| 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 | $20,505 |
| 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 | $543 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,047 |
| Total operating and administrative expenses | $34,432 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $34,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,702 |
| 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 | $409,967 |
| Other assets | $228,465 |
| Total assets | $1,033,372 |
| 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 |