National Ornamental Metal Museum Inc
- Assets
- $20.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Memphis, TN
- Founding
- 07/1979
- Data as of
- 06/2023
- EIN
- 62-1066198
Organization Overview
National Ornamental Metal Museum Inc is located in Memphis, TN. The organization was established in 1979. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, National Ornamental Metal Museum Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Ornamental Metal 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 06/2023, National Ornamental Metal Museum Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 7.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND ADVANCE THE ART AND CRAFT OF FINE METALWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PUBLIC MUSEUM TO DISPLAY AND TEACH THE HISTORY AND ACHIEVEMENTS OF ORNAMENTAL METAL MANUFACTURERS AND ARTISANS. THE MUSEUM BENEFITTED APPROXIMATELY 30,000 GUESTS IN FISCAL YEAR 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Aycock Vice Preside | OfficerTrustee | $0 | |
Shannon Brown Trustee | Trustee | $0 | |
Bruce Campbell Trustee | Trustee | $0 | |
Theodore Davis Trustee | Trustee | $0 | |
Douglas W Ferris Trustee | Trustee | $0 | |
Linda Foster Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,736 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,667,634 |
| Noncash contributions included in lines 1a–1f | $9,702 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,768,479 |
| Total Program Service Revenue | $331,998 |
| Investment income | $78,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,426 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $127,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $98,567 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,479,440 |
| 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 | $986,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $187,454 |
| Payroll taxes | $0 |
| 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 | $17,176 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,882 |
| Office expenses | $57,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,714 |
| 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 | $56,601 |
| Insurance | $33,761 |
| All other expenses | $310,308 |
| Total functional expenses | $1,964,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,777 |
| Savings and temporary cash investments | $2,428,673 |
| Pledges and grants receivable | $12,984,929 |
| Accounts receivable, net | $24 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,570 |
| Prepaid expenses and deferred charges | $6,123 |
| Net Land, buildings, and equipment | $2,826,297 |
| Investments—publicly traded securities | $2,229,955 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,729 |
| Total assets | $20,947,077 |
| Accounts payable and accrued expenses | $43,044 |
| 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 | $23,337 |
| Total liabilities | $66,381 |
| Net assets without donor restrictions | $6,139,435 |
| Net assets with donor restrictions | $14,741,261 |
| 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 | $20,947,077 |