Coastal Discovery Museum
- Assets
- $9.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Hilton Head Island, SC
- Founding
- 07/1986
- Data as of
- 06/2024
- 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 06/2024, Coastal Discovery Museum employed 23 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 06/2024, Coastal Discovery Museum generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 3.3% 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
2024
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 |
|---|---|---|---|
Diane Bartlett Secretary | OfficerTrustee | 1 | $0 |
Dave Howitt Chair | OfficerTrustee | 1 | $0 |
Margaret Mcmanus Vice Chair | OfficerTrustee | 1 | $0 |
Paul Stevens Treasurer | OfficerTrustee | 1 | $0 |
Fred Manske Jr Emeritus | Trustee | 1 | $0 |
Frederick Hack Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $43,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,233,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,666,604 |
| Total Program Service Revenue | $366,263 |
| Investment income | $108,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,826 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $115,037 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,444,065 |
| 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. | $251,225 |
| Compensation of current officers, directors, key employees. | $62,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,168 |
| Pension plan accruals and contributions | $68,277 |
| Other employee benefits | $83,469 |
| Payroll taxes | $54,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,654 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,149 |
| Office expenses | $35,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $231,559 |
| Travel | $4,642 |
| 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 | $176,458 |
| Insurance | $45,068 |
| All other expenses | $9,013 |
| Total functional expenses | $1,792,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $921,256 |
| Savings and temporary cash investments | $12,422 |
| Pledges and grants receivable | $191,478 |
| Accounts receivable, net | $21,246 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,961 |
| Prepaid expenses and deferred charges | $20,813 |
| Net Land, buildings, and equipment | $5,136,150 |
| Investments—publicly traded securities | $2,747,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,093,997 |
| Accounts payable and accrued expenses | $67,572 |
| 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 | $196,030 |
| Total liabilities | $263,602 |
| Net assets without donor restrictions | $8,511,694 |
| Net assets with donor restrictions | $318,701 |
| 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 | $9,093,997 |