Mount Airy Museum Of Regional History Inc is located in Mount Airy, NC. The organization was established in 1992. 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, Mount Airy Museum Of Regional History Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Airy Museum Of Regional History 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, Mount Airy Museum Of Regional History Inc generated $616.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $418.8k during the year ending 12/2021. While expenses have increased by 5.1% 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
INFORM AND EDUCATE PUBLIC ABOUT HISTORICAL SIGNIFICANCE OF THE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMED MOUNT AIRY AND SURROUNDING AREA OF HISTORICAL SIGNIFICANCE OF AREA & PROVIDED EDUCATIONAL INFORMATION FOR THE PUBLIC THROUGH THE USE OF EXHIBITS AND OTHER MATERIALS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matt Edwards Museum Director | OfficerTrustee | 40 | $53,184 |
Paul Madren Treasurer | OfficerTrustee | 1 | $0 |
Beckie Derrick Chairman | OfficerTrustee | 1 | $0 |
Lori Marshall Secretary | OfficerTrustee | 1 | $0 |
Linda Shebert Director | OfficerTrustee | 1 | $0 |
Scott Lowry Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $44,917 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $54,781 |
All other contributions, gifts, grants, and similar amounts not included above | $305,482 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $405,180 |
Total Program Service Revenue | $85,566 |
Investment income | $28,840 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $200 |
Net Gain/Loss on Asset Sales | $48,320 |
Net Income from Fundraising Events | $47,150 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,141 |
Miscellaneous Revenue | $0 |
Total Revenue | $616,397 |
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. | $53,184 |
Compensation of current officers, directors, key employees. | $39,888 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $118,708 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $13,269 |
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 | $0 |
Advertising and promotion | $8,147 |
Office expenses | $8,873 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $16,040 |
Travel | $692 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $55 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $22,077 |
All other expenses | $8,932 |
Total functional expenses | $418,848 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $503,199 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,646 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $10,971 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,365,915 |
Investments—publicly traded securities | $1,062,725 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,952,456 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $426,806 |
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 | $2,040 |
Total liabilities | $428,846 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $94,970 |
Paid-in or capital surplus, or land, building, or equipment fund | $3,365,915 |
Retained earnings, endowment, accumulated income, or other funds | $1,062,725 |
Total liabilities and net assets/fund balances | $4,952,456 |
Over the last fiscal year, we have identified 5 grants that Mount Airy Museum Of Regional History Inc has recieved totaling $24,241.
Awarding Organization | Amount |
---|---|
Woltz Foundation Mount Airy, NC PURPOSE: GENERAL FUND | $15,141 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
North Carolina Foam Foundation Charlotte, NC PURPOSE: GENERAL SUPPORT | $3,500 |
Armat Foundation Inc Mount Airy, NC PURPOSE: UNRESTRICTED | $500 |
Gilmer Smith Foundation Mount Airy, NC PURPOSE: EDUCATIONAL | $100 |
Beg. Balance | $558,150 |
Earnings | $18,524 |
Ending Balance | $576,674 |
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 |