Owsley Brown Frazier Historical Arms Museum Foundation Inc
- Assets
- $37.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 52
- Location
- Louisville, KY
- Founding
- 02/2001
- Data as of
- 06/2022
- EIN
- 61-1378343
Organization Overview
Owsley Brown Frazier Historical Arms Museum Foundation Inc, operating under the name Frazier History Museum, is located in Louisville, KY. The organization was established in 2001. 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 06/2023, Frazier History Museum employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frazier History 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 06/2022, Frazier History Museum generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 0.9% 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
TO IGNITE THE HUMAN SPIRIT WITH THOUGHTFULLY CRAFTED STORIES TO SPARK CURIOSITY ABOUT WHO WE ARE AND OUR CONNECTION TO THE FUTURE. WE TELL STORIES THROUGH EXHIBITIONS, EDUCATIONAL FIELD TRIPS AND CAMPS, PROGRAMS, EVENTS, TOURS, TASTINGS, AND OUR VIRTUAL FRAZIER MAGAZINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION, PROJECTS & COLLECTION ITEMS:THE PERMANENT EXHIBITS OF THE MUSEUM SHOWCASE ARTIFACTS MADE BETWEEN THE 16TH AND 20TH CENTURIES WHICH INCLUDE THEMES OF THE REVOLUTIONARY WAR, WESTWARD EXPANSION AND THE CIVIL WAR TO NAME A FEW. SEVERAL OF OUR FEATURED EXHIBITS INCLUDE THE BLOEDNER MONUMENT, PRESIDENT THEODORE ROOSEVELT'S "BIG STICK AND THE FAMILY BIBLE OF DANIEL BOONE. THE TEMPORARY EXHIBITIONS AND PROJECTS ENHANCE THE VISITOR'S MUSEUM EXPERIENCE BY THE "AWE" FACTOR AND "BLOCKBUSTER" EFFECT. THE ORGANIZATION'S COLLECTION IS MADE UP OF HISTORICAL ARTIFACTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER PROGRAMS. ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE MUSEUM MAINTAINS THE PRESERVATION, DISPLAY AND SAFE-KEEPING OF A VAST COLLECTION OF HISTORIC ARTIFACTS. TIMELY REVIEW, PREPARATION, AND PRESERVATION ARE PUT INTO THE HISTORIC COLLECTION AND OTHER OBJECTS THAT ARE UNDER CONSIDERATION FOR ADDING TO THE MUSEUM'S COLLECTION, WHICH AT TIMES CAN BE COSTLY, IN ORDER TO BUILD AN AUTHENTIC AND NOTEWORTHY HISTORICAL COLLECTION.
EDUCATION:THE MUSEUM FEATURES GREAT EDUCATIONAL PROGRAMMING, LIVE PERFORMANCES BY COSTUMED INTERPRETERS, RE-ENACTMENTS, HANDS-ON INTERACTIVE MULTIMEDIA PRESENTATIONS, AND A 48-SEAT MOVIE THEATER. THE MUSEUM HAS EDUCATIONAL PROGRAMMING FOR ALL AGES. SCHOOL GROUPS, CIVIC ORGANIZATIONS AND FAMILIES ALL VISIT THE MUSEUM TO RECONNECT WITH THE PAST AND TO GAIN A DEEPER UNDERSTANDING OF HISTORY. THE MUSEUM HAS FACILITIES FOR SPECIAL EVENTS AND CULTURAL PROGRAMMING.
VIRTUAL FRAZIER MAGAZINE - THE MUSEUM DELIVERS VIRTUAL CONTENT TO OVER 40,000 SUBSCRIBERS ON A WEEKLY BASIS. THIS IS CONTENT THAT HIGHLIGHTS OUR BRAND, WHERE THE WORLD MEETS KENTUCKY, AND OUR MISSION OF IGNITING THE HUMAN SPIRIT. THE MUSEUM INVESTS MULTIPLE RESOURCES IN DELIVERING THIS CONTENT AT NO CHARGE WITH THE SOLE PURPOSE OF MEANING MORE TO MORE PEOPLE EVERY DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Trienen President | Officer | 60 | $145,710 |
Rachel Platt Director Of Community Engagement | 45 | $110,558 | |
Deb Murphy Directors At Large | Trustee | 4 | $0 |
Cordt Huneke Director | Trustee | 2 | $0 |
David Baughman Director | Trustee | 4 | $0 |
Ed Glasscock Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,375 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,805,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,397,197 |
| Total Program Service Revenue | $570,792 |
| Investment income | $424,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$114,373 |
| Net Gain/Loss on Asset Sales | $1,419,229 |
| Net Income from Fundraising Events | $86,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $267,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,383,273 |
| 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. | $143,000 |
| Compensation of current officers, directors, key employees. | $27,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,499,139 |
| Pension plan accruals and contributions | $28,650 |
| Other employee benefits | $96,375 |
| Payroll taxes | $143,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,164 |
| Fees for services: Other | $611,787 |
| Advertising and promotion | $194,780 |
| Office expenses | $242,049 |
| Information technology | $3,503 |
| Royalties | $0 |
| Occupancy | $176,167 |
| Travel | $10,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,392 |
| Interest | $237,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,064,601 |
| Insurance | $78,427 |
| All other expenses | $18,616 |
| Total functional expenses | $4,866,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,897 |
| Savings and temporary cash investments | $406,587 |
| Pledges and grants receivable | $639,600 |
| 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 | $104,735 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,938,966 |
| Investments—publicly traded securities | $16,362,923 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,347 |
| Total assets | $37,090,055 |
| Accounts payable and accrued expenses | $234,906 |
| Grants payable | $0 |
| Deferred revenue | $228,828 |
| 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 | $8,060,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,524,593 |
| Net assets without donor restrictions | $11,686,173 |
| Net assets with donor restrictions | $16,879,289 |
| 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 | $37,090,055 |
Grants Awarded
Over the last fiscal year, Owsley Brown Frazier Historical Arms Museum Foundation Inc has awarded $24,630 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE THOMPSON FAMILY FOUNDATION INC PURPOSE: DISTRIBUTIONS TO VETS RECEPTION. | $12,600 |
THE COMMUNITY FOUNDATION OF LOUISVILLE INC PURPOSE: TICKET SALES PROMOTION TO GIFT BACK TO THE JENNIFER LAWRENCE FOUNDATION. | $12,030 |