Hubbard Memorial Museum Foundation
- Assets
- $3.4m
- Revenue
- $145.9k
- Investments
- $2.7m
- Employees
- 0
- Location
- Concord, MI
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 65-6084788
Organization Overview
Hubbard Memorial Museum Foundation is located in Concord, MI. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hubbard Memorial Museum Foundation 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, Hubbard Memorial Museum Foundation generated $145.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $75.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF HISTORICAL MUSEUM IN CONCORD, MICHIGAN INCLUDING MAINTENANCE OF HISTORICAL PROPERTIES FOR PRESERVATION AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Schultz Chairman | 0 | $500 | |
Elizabeth Schultz Vice-Chair | 0 | $500 | |
Joan Ropp Secretary | 0 | $500 | |
Nancy Barton Treasurer | 0 | $500 | |
Todd Holton Trustee | 0 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,135 |
| Interest on Savings | $1,259 |
| Dividends & Interest | $114,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,931 |
| Capital Gain Net Income | $15,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $19 |
| Taxes | $7,229 |
| Depreciation | $8,419 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $320 |
| Printing and publications | $35 |
| Other expenses | $53,428 |
| Total operating and administrative expenses | $75,900 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $75,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,093 |
| Savings and temporary cash investments | $326,546 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,825 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $245,724 |
| Other assets | $29,060 |
| Total assets | $3,351,106 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |