Maysville & Mason County Library Historical & Scientific Associatio
- Assets
- $8.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Maysville, KY
- Founding
- 11/1946
- Data as of
- 12/2022
- EIN
- 61-0444776
Organization Overview
Maysville & Mason County Library Historical & Scientific Associatio is located in Maysville, KY. The organization was established in 1946. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Maysville & Mason County Library Historical & Scientific Associatio employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maysville & Mason County Library Historical & Scientific Associatio 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 12/2022, Maysville & Mason County Library Historical & Scientific Associatio generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $882.0k during the year ending 12/2022. While expenses have increased by 5.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE KENTUCKY GATEWAY MUSEUM CENTER EDUCATES VISITORS BY OFFERING DYNAMIC COLLECTIONS, EXHIBITS, AND A GENEALOGICAL-HISTORICAL LIBRARY. WE BRING ALL THE STORIES OF THE MAYSVILLE REGION INTO FASCINATING FOCUS. OUR GENEALOGICAL & HISTORICAL RESEARCH LIBRARY SHEDS LIGHT ON THE PEOPLE AND EVENTS OF A SEVEN-COUNTY AREA THROUGH AN EXTENSIVE COLLECTION OF BOOKS, MANUSCRIPTS AND DOCUMENTS FROM THE PAST 300 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE KENTUCKY GATEWAY MUSEUM CENTER, WHICH ILLUMINATES THE PAST THROUGH AWARD-WINNING DIORAMAS, MORE THAN 4,000 REGIONAL ARTIFACTS AND A GALLERY OF FINE ART RELATED TO MAYSVILLE AND KENTUCKY. OUR KATHLEEN SAVAGE BROWNING MINIATURES COLLECTION LOOKS AT THE WORLD FROM A NEW PERSPECTIVE THROUGH MESMERIZING,1/12-SCALE REPRODUCTIONS OF HOMES, FURNISHINGS, CLOTHING, ARTWORK AND PEOPLE. THE OLD POGUE EXPERIENCE HOUSED IN THE HISTORICAL LIMESTONE BUILDING ADJACENT TO THE MUSEUM CENTER PRESENTS THE HISTORY OF BOURBON AND THE OLD POGUE DISTILLERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cj Hunter Chairman Of | Officer | 40 | $55,000 |
Chris Bauer Trustee | Trustee | 3 | $0 |
Robert Boone Trustee | Trustee | 3 | $0 |
Tim Brannen Trustee | Trustee | 3 | $0 |
Kaye Browning Trustee | Trustee | 3 | $0 |
Dan Fannin Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,098 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $639,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $684,637 |
| Total Program Service Revenue | $32,833 |
| Investment income | $62,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $332,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,111,739 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,439 |
| Fees for services: Other | $134,311 |
| Advertising and promotion | $24,945 |
| Office expenses | $278,759 |
| 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 | $168,149 |
| Insurance | $23,243 |
| All other expenses | $24,712 |
| Total functional expenses | $881,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,033 |
| 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 | $136,744 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,368,978 |
| Investments—publicly traded securities | $4,104,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,840,380 |
| Accounts payable and accrued expenses | $3,780 |
| 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 | $27,694 |
| Total liabilities | $31,474 |
| Net assets without donor restrictions | $8,808,906 |
| 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 | $8,840,380 |