Spady Cultural Heritage Museum Inc
- Assets
- $531.5k
- Revenue
- $648.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Delray Beach, FL
- Founding
- 12/1997
- Data as of
- 09/2023
- EIN
- 65-0687303
Organization Overview
Spady Cultural Heritage Museum Inc is located in Delray Beach, FL. The organization was established in 1997. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Spady Cultural Heritage Museum Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spady Cultural 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 09/2023, Spady Cultural Heritage Museum Inc generated $648.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $544.4k during the year ending 09/2023. While expenses have increased by 5.3% per year over the past 4 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
SPADY CULTURAL HERITAGE MUSEUM, INC'S MISSION IS TO EXPAND, PRESERVE AND PRESENT THE CULTURALLY DIVERSE HISTORY OF THE BLACK COMMUNITIES OF PALM BEACH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE S. D. SPADY HOUSE WAS BUILT IN 1926 BY SOLOMON D. SPADY AND HIS WIFE. MR. SPADY WAS A PROMINENT AFRICAN AMERICAN LEADER OF DELRAY BEACH. THE HOUSE WAS OPENED TO THE PUBLIC IN JULY 2001 AS THE S.D. SPADY CULTURAL ARTS MUSEUM. THE MUSEUM PROVIDES A SITE TO COLLECT, PRESERVE, DISPLAY, AND STORE DATA AND MATERIALS THAT PERTAIN TO THE HISTORY OF DELRAY BEACH AND THE STATE OF FLORIDA AS IT RELATES TO AFRICAN AMERICAN HERITAGE AND CULTURE. IT ALSO PROMOTES INTERCULTURAL EXCHANGE AMONG ALL PEOPLE, AND HELPS TO IMPROVE UNDERSTANDING, RACIAL HARMONY, AND RESPECT FOR ALL. THE SPADY MUSEUM HOSTS FOUR TRAVELING EXHIBITS PER YEAR. THESE EXHIBITS ARE SELECTED BASED ON THEIR RICH CULTURAL AND HISTORICAL CONTENT.
THE JUNETEENTH EVENT, IS HELD ANNUALLY AND IS ONE OF THE PREMIER EDUCATIONAL EVENTS IN DELRAY BEACH. FESTIVAL GOERS ARE TREATED TO MUSIC, FOOD AND ACTIVITIES DESIGNED TO PROVIDE CULTURAL AND HISTORICAL EXPERIENCES NO LONGER AVAILABLE TODAY FOR ADULTS, ELDERS AND CHILDREN. THE SPADY MUSEUM ALSO SPONSORS THE HISTORIC TROLLEY TOURS OF THE CITY OF DELRAY BEACH, OUTREACH, INCLUDING SPEAKERS AND VIDEO SCREENINGS IN THEIR DOCUMENTARY SERIES AND AN ANNUAL MARTIN LUTHER KING, JR. BREAKFAST IN HONOR OF THE KING HOLIDAY EXHIBIT OPENINGS AND LECTURE SERIES' ALL CENTERED AROUND THE HISTORY AND CULTURE OF AFRICAN AMERICANS.
KIDS CULTURAL CLUB IS A TRAINING GROUND FOR FUTURE COMMUNITY LEADERS, PROVIDING ACTIVITIES, WHICH INCLUDE SELF-DEFENSE, HEALTH AND NUTRITION, FAMILY HISTORY AND TRADITIONS, VISUAL POISE, STORY TELLING, INTERGENERATIONAL GROUP DISCUSSIONS, PERSONAL FINANCES, AND PARTICIPATION IN COMMUNITY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Bruton Director | Trustee | 2 | $0 |
Louis Haym Director | Trustee | 2 | $0 |
Lawrence Moncrief Director | Trustee | 2 | $0 |
Christopher Redding Director | Trustee | 2 | $0 |
Larry Rosensweig Director | Trustee | 2 | $0 |
Clarence Vaughn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $426,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,715 |
| Noncash contributions included in lines 1a–1f | $115,295 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,214 |
| Total Program Service Revenue | $21,021 |
| Investment income | $0 |
| 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 | $648,235 |
| 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 | $137,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,500 |
| Advertising and promotion | $55,897 |
| Office expenses | $9,827 |
| Information technology | $8,900 |
| Royalties | $0 |
| Occupancy | $120,458 |
| Travel | $3,871 |
| 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 | $15,186 |
| Insurance | $3,697 |
| All other expenses | $7,054 |
| Total functional expenses | $544,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,252 |
| 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 | $6,346 |
| Prepaid expenses and deferred charges | $4,227 |
| Net Land, buildings, and equipment | $113,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,374 |
| Total assets | $531,522 |
| Accounts payable and accrued expenses | $14,851 |
| 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 | $1,000 |
| Other liabilities | $0 |
| Total liabilities | $15,851 |
| Net assets without donor restrictions | $458,571 |
| Net assets with donor restrictions | $57,100 |
| 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 | $531,522 |