Sumter County Museum Inc
- Assets
- $2.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Sumter, SC
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 57-0891753
Organization Overview
Sumter County Museum Inc is located in Sumter, SC. The organization was established in 1991. 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. Sumter County 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, Sumter County Museum Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $437.1k during the year ending 12/2021. While expenses have increased by 7.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF THE COUNTY MUSEUM AND PRESERVATION OF MUSEUM ASSETS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COUNTY MUSEUM AND PRESERVATION OF MUSEUM ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Faw Past Chair | Trustee | 0 | $0 |
Jennifer Sonntag Chair | Trustee | 0 | $0 |
Charles A Bracalente Secretary | Trustee | 0 | $0 |
Reid Schwartz Treasurer | Trustee | 0 | $0 |
Brenda Chase Vice Chair | Trustee | 0 | $0 |
Frank O Edwards Foundation Representative | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,422 |
| Fundraising events | $0 |
| Related organizations | $120,000 |
| Government grants | $120,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $748,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,008,991 |
| Total Program Service Revenue | $6,516 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,858 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,131 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,047,694 |
| 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 | $73,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,169 |
| Advertising and promotion | $0 |
| Office expenses | $26,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,070 |
| Travel | $451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,579 |
| Insurance | $18,961 |
| All other expenses | $0 |
| Total functional expenses | $437,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $826,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,505,800 |
| Investments—publicly traded securities | $64,233 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $273,443 |
| Total assets | $2,669,725 |
| Accounts payable and accrued expenses | $33,370 |
| 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 | $638 |
| Total liabilities | $34,008 |
| Net assets without donor restrictions | $2,567,761 |
| Net assets with donor restrictions | $67,956 |
| 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 | $2,669,725 |