Hubbard Memorial Museum Foundation
- Assets
- $2.1m
- Revenue
- $143.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Concord, MI
- Founding
- 08/1992
- Data as of
- 12/2021
- 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 12/2021, Hubbard Memorial Museum Foundation generated $143.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $80.3k during the year ending 12/2021. 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
2021
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.
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 |
|---|---|---|---|
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 | $22,438 |
| Interest on Savings | $850 |
| Dividends & Interest | $93,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,667 |
| Capital Gain Net Income | $26,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,307 |
| Depreciation | $8,561 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $40 |
| Other expenses | $61,824 |
| Total operating and administrative expenses | $80,332 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $80,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,361 |
| Savings and temporary cash investments | $343,578 |
| 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 | $2,252 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $208,214 |
| Other assets | $29,060 |
| Total assets | $2,113,247 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Whitetail Deer Education Cambridge, OH | $11,521,774 | $3,398,617 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Maltz Museum Of Jewish Heritage Beachwood, OH | $30,145,147 | $2,967,482 |
Cincinnati Baseball Museum Cincinnati, OH | $7,716,039 | $1,963,239 |
Cincinnati Observatory Center Cincinnati, OH | $1,412,089 | $489,129 |