Tobacco Farm Life Museum Inc
- Assets
- $385.4k
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Kenly, NC
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 58-1544798
Organization Overview
Tobacco Farm Life Museum Inc is located in Kenly, NC. The organization was established in 1984. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Tobacco Farm Life Museum Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tobacco Farm Life 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, Tobacco Farm Life Museum Inc generated $152.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $132.7k during the year ending 12/2021. 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
OPERATE A MUSEUM THAT SHOWS FARM LIFE IN NORTH CAROLINA IN PAST YEARS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A MUSEUM THAT SHOWS FARM LIFE IN NORTH CAROLINA IN PAST YEARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Scott Vice Chairma | OfficerTrustee | $0 | |
Susan Ford Chairman | OfficerTrustee | $0 | |
Michael Rhodes Executive Di | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,391 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,691 |
| Total Program Service Revenue | $12,796 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,469 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,071 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,535 |
| 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 | $52,199 |
| Pension plan accruals and contributions | $552 |
| Other employee benefits | $0 |
| Payroll taxes | $4,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $583 |
| Office expenses | $3,464 |
| Information technology | $9,980 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80 |
| Interest | $1,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,757 |
| Insurance | $5,503 |
| All other expenses | $611 |
| Total functional expenses | $132,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,900 |
| 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 | $23,035 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $126,159 |
| Investments—publicly traded securities | $230,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $385,413 |
| Accounts payable and accrued expenses | $9,786 |
| 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 | $34,118 |
| Other liabilities | $0 |
| Total liabilities | $43,904 |
| 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 | $341,509 |
| Total liabilities and net assets/fund balances | $385,413 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tobacco Farm Life Museum Inc has recieved totaling $20,145.
| Awarding Organization | Amount |
|---|---|
North Carolina Electric Membership Corporation Raleigh, NC PURPOSE: AGRICULTURAL ASSISTANCE | $8,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: ARTS, CULTURE & HUMANITIES | $7,140 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $2,500 |
Southern Bank Foundation Mount Olive, NC PURPOSE: DONATION | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |