Karpeles Manuscript Library Museum
- Assets
- $3.9m
- Revenue
- $3.3m
- Investments
- $1.2m
- Employees
- 0
- Location
- Lake Mary, FL
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 59-3132767
Organization Overview
Karpeles Manuscript Library Museum is located in Lake Mary, FL. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: 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. Karpeles Manuscript Library 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 12/2023, Karpeles Manuscript Library Museum generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KARPELES MANUSCRIPT LIBRARY IS ORGANIZED TO MAKE AVAILABLE FOR FREE PUBLIC VIEWING, EXHIBITS OF MANUSCRIPTS FROM THROUGHOUT THE WORLD THAT HAVE HISTORICAL, EDUCATIONAL AND LITERARY SIGNIFICANCE. EXHIBITS WERE AVAILABLE IN SANTA BARBARA, CA, BUFFALO, NY, TACOMA, WA, CHARLESTON, SC (CLOSED SEPT 2023), JACKSONVILLE, FL (CLOSED APR 2023), DULUTH, MN, ALVIN, TX (CLOSED NOV 2023), FORT WAYNE, IN (CLOSED JUL 2023), ROCK ISLAND, IL, GLOVERSVILLE, NY AND PITTSBURGH, PA. THE LIBRARIES ALSO FEATURE PERIODIC SPECIAL DISPLAYS FOCUSING ON A PARTICULAR THEME WHICH ALSO ARE AVAILABLE TO THE PUBLIC FOR VIEWING AT NO CHARGE. AS NEEDED, THE ORGANIZATION PROVIDES FREE ACCESS TO SPECIFIC MANUSCRIPTS FOR PARTICULAR EDUCATIONAL AND LITERARY PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Karpeles President & CEO | 40 | $0 | |
Cheryl Alleman CFO & Director | 40 | $89,904 | |
Alan Alleman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $141,014 |
| Interest on Savings | $22,649 |
| Dividends & Interest | $0 |
| Net Rental Income | $39,619 |
| Net Gain on Sale of Assets | $3,102,479 |
| Capital Gain Net Income | $3,102,479 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,305,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,904 |
| Other employee salaries and wages | $334,114 |
| Pension plans, employee benefits | $5,200 |
| Interest | $4,847 |
| Taxes | $116,495 |
| Depreciation | $27,680 |
| Occupancy | $106,779 |
| Travel, conferences, and meetings | $5,907 |
| Printing and publications | $0 |
| Other expenses | $434,609 |
| Total operating and administrative expenses | $1,126,296 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,126,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,757 |
| Savings and temporary cash investments | $1,272,625 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $567,488 |
| Other assets | $518,720 |
| Total assets | $3,857,136 |
| Accounts payable and accrued expenses | $6,053 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,053 |