Palo Alto History Museum
- Assets
- $14.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Palo Alto, CA
- Founding
- 02/2005
- Data as of
- 06/2023
- EIN
- 77-0634933
Organization Overview
Palo Alto History Museum, operating under the name Palo Alto Museum, is located in Palo Alto, CA. The organization was established in 2005. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Palo Alto Museum 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, Palo Alto Museum generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $205.9k during the year ending 06/2023. While expenses have increased by 0.3% per year over the past 8 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
WE ARE FUNDRAISING TO BUILD THE PALO ALTO MUSEUM TO CARE FOR THE FUTURE OF OUR HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION: REHABILITATION OF THE HISTORICAL 1932 ROTH BUILDING HAS BEGUN. THE FUNDRAISING TEAM WILL PRIORITIZE INTERESTS OF LOCAL PHILANTHROPISTS, OUR FAITHFUL COMMUNITY DONORS AND BUILD RELATIONSHIPS WITH BUSINESSES THAT WILL LEAD TO COPRORATE SPONSORSHIP IN MANY FORMS. THESE CONTRIBUTIONS WILL BUILD PALO ALTO'S FIRST LOCAL HISTORY MUSEUM CREATING A NEW, LONG-NEEDED COMMUNITY RESOURCE. WE ARE EXCITED TO DEVELOP A WORLD-CLASS MUSEUM WHICH WILL:-BUILD EMPATHY WITHIN OUR DIVERSE COMMUNITY AND NOURISH PRIDE AND CIVIC ENGAGEMENT.-BE A FREE CULTURAL DESTINATION IN THE HEART OF PALO ALTO, WITH INNOVATIVE EXHIBITIONS, PROGRAMS AND RESOURCES TO TELL THE STORIES OF OUR PALO ALTO-STANFORD COMMUNITY, AND OUR LEGACY OF INNOVATION AND FAR-REACHING IMPACT.-BE A TEACHING LOCATION AND RESOURCE ON STATE AND LOCAL HISTORY, ENRICHING AND EXPLAINING THE CURRICULUM FOR STUDENTS FROM PALO ALTO, EAST PALO ALTO AND STANFORD, WHETHER PUBLIC, PRIVATE OR HOME SCHOOLED.
COLLECTIONS, ARCHIVES & EXHIBITION PLANNING:OUR CUTTING-EDGE VISION OF INTERACTIVE GALLERIES WILL PERSONALIZE THE MUSEUM EXPERIENCE WITH INNOVATIVE CURATION OF HISTORICAL MOMENTS IN PALO ALTO HISTORY. OUR GOAL IS TO INSPIRE COMMUNITY INVOLVEMENT AND PARTICIPATION, ATTRACTING NOT ONLY OUR LOCAL HISTORY MAKERS, BUT ALSO THE NEXT GENERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Green President | OfficerTrustee | 10 | $0 |
Patricia Sanders Vice-President | OfficerTrustee | 4 | $0 |
Nelson Ng Recording Secretary | OfficerTrustee | 4 | $0 |
Barbara Wallace Corresponding Secretary | OfficerTrustee | 4 | $0 |
Lanie Wheeler Treasurer | OfficerTrustee | 4 | $0 |
Monica Yeung Arima Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,297,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,602 |
| Noncash contributions included in lines 1a–1f | $623 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,502,152 |
| Total Program Service Revenue | $0 |
| Investment income | $9,240 |
| 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 | $2,511,392 |
| 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. | $74,370 |
| Compensation of current officers, directors, key employees. | $24,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,648 |
| Pension plan accruals and contributions | $7,830 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $29,848 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,077 |
| Office expenses | $2,387 |
| Information technology | $596 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $3,377 |
| All other expenses | $823 |
| Total functional expenses | $205,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,533 |
| Savings and temporary cash investments | $748,388 |
| Pledges and grants receivable | $9,701,055 |
| Accounts receivable, net | $2,297,450 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,721,165 |
| Total assets | $14,537,591 |
| Accounts payable and accrued expenses | $146,891 |
| 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 | $146,891 |
| Net assets without donor restrictions | $2,114,039 |
| Net assets with donor restrictions | $12,276,661 |
| 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 | $14,537,591 |