The Iredell Museums Inc
- Assets
- $0.0
- Revenue
- $111.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Statesville, NC
- Founding
- 06/1982
- Data as of
- 06/2022
- EIN
- 58-1466377
Organization Overview
The Iredell Museums Inc is located in Statesville, NC. The organization was established in 1982. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Iredell Museums Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iredell Museums 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 06/2022, Iredell Museums Inc generated $111.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $111.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. 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
THE IREDELL MUSEUMS IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PRESERVE, PROMOTE AND PROVIDE LEARNING EXPERIENCES IN CULTURE HERITAGE SCIENCE AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS THAT EDUCATE AND PROVIDE LEARNING EXPERIENCES IN CULTURE HERITAGE SCIENCE AND THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Baker Programs And Operations Manager | Officer | 40 | $39,600 |
Jason Petree President | Officer | 5 | $0 |
Carol Ciampanella Treasurer | Officer | 2 | $0 |
Tony Briceno Board Member | Trustee | 1 | $0 |
Cathy Cash Board Member | Trustee | 1 | $0 |
Brittany Holland Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,162 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,662 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,662 |
| 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. | $50,095 |
| Compensation of current officers, directors, key employees. | $6,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,354 |
| Office expenses | $20,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $5,076 |
| Insurance | $10,166 |
| All other expenses | $0 |
| Total functional expenses | $111,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Iredell Museums Inc has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $37,512 |
| Admin Expense | $15 |
| Ending Balance | $37,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edventure Inc Columbia, SC | $7,334,143 | $5,240,842 |
Childrens Museum Of Memphis Memphis, TN | $13,720,336 | $2,454,911 |
Childrens Museum Of Atlanta Inc Atlanta, GA | $7,234,962 | $4,142,531 |
Creative Discovery Museum Chattanooga, TN | $21,187,184 | $5,712,908 |
Childrens Museum Of The Upstate Inc Greenville, SC | $28,971,671 | $4,131,276 |
Northern Virginia Science Center Foundation Fairfax, VA | $12,837,527 | $5,104,096 |
Childrens Museum Of Richmond Richmond, VA | $8,094,641 | $4,347,352 |
Association Of Childrens Museums Inc Arlington, VA | $3,950,433 | $4,135,274 |
Amazement Square Lynchburg, VA | $7,800,718 | $1,033,755 |
Muse Knoxville Knoxville, TN | $1,015,860 | $1,450,790 |
Childrens Museum Corporation Of Rutherford County Murfreesboro, TN | $5,763,596 | $2,253,346 |
Childrens Museum Of The Lowcountry Charleston, SC | $4,118,375 | $1,339,647 |