Bluegrass Heritage Museum Inc
- Assets
- $783.5k
- Revenue
- $121.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Winchester, KY
- Founding
- 01/2001
- Data as of
- 06/2024
- EIN
- 61-1377512
Organization Overview
Bluegrass Heritage Museum Inc is located in Winchester, KY. The organization was established in 2001. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Bluegrass Heritage Museum Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluegrass Heritage 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 06/2024, Bluegrass Heritage Museum Inc generated $121.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $176.8k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT, PROMOTE AND PRESERVE THE HISTORY OF THE WINCHESTER, KY AREA AND TO EDUCATE THE PUBLIC ABOUT THE HERITAGE OF OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND PRESERVE THE HISTORY OF THE WINCHESTER, KY AREA AND TO EDUCATE THE PUBLIC ABOUT THE HERITAGE OF OUR REGION. THE ORGANIZATION OPERATES A MUSEUM IN WINCHESTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Stults Executive-Di | Trustee | 40 | $38,016 |
Boo Baldwin Treasurer | OfficerTrustee | 5 | $0 |
Lindrell Blackwell Director | Trustee | 2 | $0 |
Robert Blanton Director | Trustee | 2 | $0 |
Janet Campbell Director | Trustee | 2 | $0 |
Rosemary Campbell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,636 |
| Total Program Service Revenue | $6,875 |
| Investment income | $5,318 |
| 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 | $121,829 |
| 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. | $38,016 |
| Compensation of current officers, directors, key employees. | $9,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,972 |
| Office expenses | $10,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,897 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,619 |
| Insurance | $4,652 |
| All other expenses | $0 |
| Total functional expenses | $176,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,497 |
| 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 | $543,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $783,546 |
| Accounts payable and accrued expenses | $1,731 |
| 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 | $1,731 |
| Net assets without donor restrictions | $781,815 |
| 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 | $783,546 |