Coastal Discovery Museum
- Assets
- $7.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Hilton Head Island, SC
- Founding
- 07/1986
- Data as of
- 06/2022
- EIN
- 57-0801415
Organization Overview
Coastal Discovery Museum is located in Hilton Head Island, SC. The organization was established in 1986. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Coastal Discovery Museum employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Discovery Museum 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, Coastal Discovery Museum generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 4.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COMMUNICATE TO ITS MEMBERS AND TO THE GENERAL PUBLIC THE SIGNIFICANCE OF THE CULTURAL AND ENVIRONMENTAL HERITAGE OF THE LOWCOUNTRY; TO PROVIDE EDUCATIONAL PROGRAMMING TO RESIDENTS OF AND VISITORS TO HILTON HEAD, SC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COMMUNICATE TO ITS MEMBERS AND TO THE GENERAL PUBLIC THE SIGNIFICANCE OF THE CULTURAL AND ENVIRONMENTAL HERITAGE OF THE LOWCOUNTRY; TO PROVIDE EDUCATIONAL PROGRAMMING TO RESIDENTS OF AND VISITORS TO HILTON HEAD ISLAND, SOUTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Garniewicz President An | OfficerTrustee | 40 | $211,811 |
Porter Morgan Chair | OfficerTrustee | 1 | $0 |
Diane Bartlett Secretary | OfficerTrustee | 1 | $0 |
Dave Howitt Treasurer | OfficerTrustee | 1 | $0 |
Fred Manske Jr Vice Chair | OfficerTrustee | 1 | $0 |
Frederick Hack Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $58,033 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $957,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,379,770 |
| Total Program Service Revenue | $282,377 |
| Investment income | $29,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $65,458 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,663 |
| 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. | $234,820 |
| Compensation of current officers, directors, key employees. | $58,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $438,783 |
| Pension plan accruals and contributions | $75,348 |
| Other employee benefits | $46,836 |
| Payroll taxes | $44,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,903 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,207 |
| Office expenses | $28,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,642 |
| Travel | $7,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,020 |
| Insurance | $38,967 |
| All other expenses | $6,804 |
| Total functional expenses | $1,509,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $785,721 |
| Savings and temporary cash investments | $41,804 |
| Pledges and grants receivable | $248,642 |
| Accounts receivable, net | $7,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,385 |
| Prepaid expenses and deferred charges | $29,047 |
| Net Land, buildings, and equipment | $4,068,652 |
| Investments—publicly traded securities | $1,975,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,166,489 |
| Accounts payable and accrued expenses | $23,030 |
| 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 | $115,951 |
| Total liabilities | $138,981 |
| Net assets without donor restrictions | $6,483,793 |
| Net assets with donor restrictions | $543,715 |
| 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 | $7,166,489 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coastal Discovery Museum has recieved totaling $62,062.
| Awarding Organization | Amount |
|---|---|
Heritage Classic Foundation Hilton Head Island, SC PURPOSE: GENERAL FUND | $62,062 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
International African American Museum Charleston, SC | $69,899,271 | $29,654,302 |
Cultural And Heritage Commission Of York County Rock Hill, SC | $4,729,121 | $4,880,963 |
Georgia Museums Inc Cartersville, GA | $34,504,271 | $6,701,117 |
Museum Of Aviation At Robins Air Force Base Georgia Foundation Inc Warner Robins, GA | $2,983,793 | $2,917,153 |
Earle Brown Music Foundation Atlanta, GA | $25,951,264 | $2,643,188 |
Museum Of The Cherokee Indian Cherokee, NC | $7,226,404 | $1,829,995 |
William Bremen Jewish Heritage Musuem Atlanta, GA | $6,272,637 | $3,248,833 |
Eagle Market Streets Development Asheville, NC | $2,650,057 | $3,019,811 |
Coastal Discovery Museum Hilton Head Island, SC | $7,166,489 | $1,911,663 |
Morris Museum Of Art Augusta, GA | $40,339,683 | $1,573,093 |