Historic Arkansas Museum Foundation Inc
- Assets
- $1.8m
- Revenue
- $68.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 08/1974
- Data as of
- 12/2022
- EIN
- 71-0444606
Organization Overview
Historic Arkansas Museum Foundation Inc is located in Little Rock, AR. The organization was established in 1974. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, 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. Historic Arkansas Museum Foundation 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 12/2022, Historic Arkansas Museum Foundation Inc generated $68.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $137.9k during the year ending 12/2022. 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
SUPPORT OF THE HISTORIC ARKANSAS MUSEUM, ITS EDUCATIONAL PROGRAMS AND EXHIBITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AND PROMOTING ACCESS TO THE MUSEUM'S EDUCATIONAL PROGRAMS WHICH ARE CENTERED ON ARKANSAS HISTORY AND CULTURE THROUGH EXHIBITS, DEMONSTRATIONS, AND ACTORS' PORTRAYALS OF LIFE IN EARLY ARKANSAS (THE LIVING HISTORY PROGRAM).
FROLIC, 2ND FRIDAY ART NIGHT (2FAN), MUSEUM STORE PRODUCT DEVELOPMENT, PRINTING, POSTAGE & DELIVERY, TRAVEL EXPENSES.
ACQUISITION OF ARKANSAS MADE ARTIFACTS FOR THE MUSEUM'S COLLECTION.
PRESENTATION OF THE FOODS RAISED, PRODUCED, AND PREPARED BY A VARIETY OF CULTURES THAT INFLUENCED EARLY ARKANSANS WAY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharine Adams Director | Trustee | 1 | $0 |
Lori L Burrows Director | OfficerTrustee | 1 | $0 |
Chandler Wilson Caroll Director | Trustee | 1 | $0 |
Donalda Cobb Director | Trustee | 1 | $0 |
Adrienne Collins Director | Trustee | 1 | $0 |
Laura Davis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,712 |
| Fundraising events | $62,702 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,726 |
| Total Program Service Revenue | $0 |
| Investment income | $32,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$124,296 |
| Net Income from Fundraising Events | $39,022 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,568 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,535 |
| Advertising and promotion | $3,970 |
| Office expenses | $4,733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,340 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,652 |
| Total functional expenses | $137,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $302,151 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $21,700 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,495,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,818,975 |
| Accounts payable and accrued expenses | $67 |
| 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 | $0 |
| Total liabilities | $67 |
| Net assets without donor restrictions | $537,058 |
| Net assets with donor restrictions | $1,281,850 |
| 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 | $1,818,975 |
Grants Awarded
Over the last fiscal year, Historic Arkansas Museum Foundation Inc has awarded $47,856 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORIC ARKANSAS MUSEUM (STATE OF ARKANSAS) PURPOSE: ACQUISITION OF HISTORIC ARTICLES FOR MUSEUM DISPLAY | $35,449 |
HISTORIC ARKANSAS MUSEUM (STATE OF ARKANSAS) PURPOSE: MUSEUM ADMISSION COSTS FOR CHILDREN | $12,407 |