Aurora Fossil Museum Foundation Inc
- Assets
- $745.4k
- Revenue
- $736.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Aurora, NC
- Founding
- 06/2002
- Data as of
- 06/2023
- EIN
- 56-2181393
Organization Overview
Aurora Fossil Museum Foundation Inc is located in Aurora, NC. The organization was established in 2002. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Aurora Fossil Museum Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aurora Fossil Museum Foundation 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 06/2023, Aurora Fossil Museum Foundation Inc generated $736.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $576.2k during the year ending 06/2023. While expenses have increased by 12.3% 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
TO EDUCATE THE PUBLIC ABOUT PALEONTOLOGY IN AN ENJOYABLE MANNER WHILE EMPHASIZING THE NATURAL AND CULTURAL HISTORY OF EASTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AURORA FOSSIL MUSEUM IN ACCORDANCE WITH THE PRIMARY PURPOSE OF THE ORGANIZATION.
THE IMAGINE-NC (INTEGRATING MATHEMATICS AND GEOLOGY IN EASTERN NORTH CAROLINA) PROJECT IS A COLLABORATIVE VENTURE BETWEEN THE AURORA FOSSIL MUSEUM, EAST CAROLINA UNIVERSITY, AND NUTRIEN. AWARDED THROUGH THE BURROUGHS WELLCOME FUND STUDENT SCIENCE ENRICHMENT PROGRAM, THE IMAGINE-NC PROJECT IS INTENDED TO INTRODUCE LOCAL AND REGIONAL AREA MIDDLE AND ELEMENTARY SCHOOL AGED CHILDREN TO STEM CONCEPTS THROUGH ENGAGING, HANDS- ON, INQUIRY-BASED METHODS. LEARNING ABOUT THE WORLD AROUND THEM, WHILE INTERACTING WITH SCIENTISTS, ENGINEERS, TECHNOLOGY SPECIALISTS, MATHEMATICIANS, AND EDUCATORS, STUDENTS WILL BUILD ON CLASSROOM INSTRUCTION KNOWLEDGE WHILE BEING INTRODUCED TO NEW SCIENCE AND MATH CONCEPTS THROUGH ENGAGING ACTIVITIES AND OPPORTUNITIES. THE PROJECT INCLUDES TWO 1-WEEK, NON-RESIDENTIAL SUMMER CAMPS AT THE AURORA FOSSIL MUSEUM AND IN THE AURORA, NC AREA; ONE WEEK FOR THIRTY 6-8 GRADE STUDENTS AND ONE WEEK FOR THIRTY 3-5 GRADE STUDENTS, PLUS FOUR WEEKEND ACTIVITIES DURING THE SCHOOL YEAR. PART OF THE RESULT OF THE IMAGINE-NC PROJECT IS THE DEVELOPMENT OF SCIENCE AND MATH MODULES BASED ON THE CAMP ACTIVITIES. THE MODULES WILL INCLUDE EQUIPMENT, INSTRUCTIONS, AND CURRICULUM IN COMPLIANCE WITH CURRENT STATE AND NATIONAL SCIENCE AND MATH EDUCATION STANDARDS. THESE MODULES WILL BE AVAILABLE FOR AREA/REGIONAL TEACHERS TO BORROW FOR USE IN THEIR CLASSROOMS. 47 TOTAL PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelle Beatty Member | Trustee | 1 | $0 |
Tunmorya Bennett Member | Trustee | 1 | $0 |
Dr Margaret Blome Secretary | Trustee | 1 | $0 |
William Cook Chairman | OfficerTrustee | 3 | $0 |
Candice Fuller Vice Chairma | OfficerTrustee | 3 | $0 |
Bruce Hargreaves Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,100 |
| Total Program Service Revenue | $0 |
| Investment income | $5,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,500 |
| Net Gain/Loss on Asset Sales | $18,366 |
| Net Income from Fundraising Events | $4,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $142,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $736,131 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,657 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,858 |
| Office expenses | $38,616 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,461 |
| Travel | $361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,089 |
| Insurance | $16,192 |
| All other expenses | $22,894 |
| Total functional expenses | $576,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,702 |
| Savings and temporary cash investments | $65,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,478 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $347,787 |
| Investments—publicly traded securities | $102,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $745,417 |
| Accounts payable and accrued expenses | $3,702 |
| 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 | $3,716 |
| Total liabilities | $7,418 |
| Net assets without donor restrictions | $737,999 |
| Net assets with donor restrictions | $0 |
| 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 | $745,417 |