World Museum Of Mining Inc
- Assets
- $2.2m
- Revenue
- $398.1k
- Investments
- $171.8k
- Employees
- 20
- Location
- Butte, MT
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 81-6014901
Organization Overview
World Museum Of Mining Inc is located in Butte, MT. The organization was established in 1965. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, World Museum Of Mining Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Museum Of Mining 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, World Museum Of Mining Inc generated $398.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $212.7k during the year ending 12/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE RICH HISTORICAL LEGACY OF MINING AND THE RELATED CULTURE OF BUTTE, MONTANA AND THE SURROUNDING REGION AND TO PROMOTE THIS SIGNIFICANT MINING HERITAGE BY EDUCATING THE PUBLIC WITH A PERSPECTIVE TOWARD TOTAL FAMILY INTEREST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanette Welborn-Kopf Museum Director | Trustee | 40 | $49,185 |
Phil Telling Vice President | Officer | 2 | $0 |
Logan Dudding President | Officer | 3 | $0 |
Sonya Rosenthal Co Secretary | Officer | 2 | $0 |
Elizabeth Larson Treasurer/co Secretary | Officer | 2 | $0 |
Dave Stratton Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,571 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,074 |
| Total Program Service Revenue | $108,424 |
| Investment income | $8,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,959 |
| Net Income from Fundraising Events | $12,627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,519 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,109 |
| 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. | $49,185 |
| Compensation of current officers, directors, key employees. | $49,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,203 |
| Pension plan accruals and contributions | $4,464 |
| Other employee benefits | $0 |
| Payroll taxes | $12,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,160 |
| Office expenses | $4,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,512 |
| 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 | $8,376 |
| All other expenses | $3,127 |
| Total functional expenses | $212,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,726 |
| Savings and temporary cash investments | $0 |
| 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 | $11,105 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,479,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $171,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40 |
| Total assets | $2,213,616 |
| Accounts payable and accrued expenses | $0 |
| 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 | $9,548 |
| Total liabilities | $9,548 |
| Net assets without donor restrictions | $2,204,068 |
| Net assets with donor restrictions | $0 |
| 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 | $2,213,616 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that World Museum Of Mining Inc has recieved totaling $10,937.
| Awarding Organization | Amount |
|---|---|
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $7,937 |
Town Pump Charitable Foundation Butte, MT PURPOSE: COMMUNITY SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Bill Memorial Association Cody, WY | $124,253,883 | $15,385,137 |
National Music Museum Vermillion, SD | $15,649,509 | $3,706,421 |
Deadwood History Inc Deadwood, SD | $2,336,299 | $1,550,471 |
Jackson Hole Historical Society And Museum Jackson, WY | $6,212,350 | $2,045,652 |
Cheyenne Frontier Days Old West Museum Cheyenne, WY | $4,453,473 | $1,745,272 |
Warhawk Air Museum Inc Nampa, ID | $5,473,516 | $2,607,121 |
National Museum Of Forest Service History Inc Missoula, MT | $9,304,564 | $3,286,880 |
The Journey Rapid City, SD | $614,178 | $845,602 |
Dakota Territory Air Museum Inc Minot, ND | $3,761,090 | $358,302 |
Museum Of The Old West Cody, WY | $2,836,628 | $384,896 |
Laramie Plains Museum Association Inc Larmaie, WY | $4,911,786 | $292,989 |
Yellowstone Western Heritage Center Foundation Billings, MT | $760,485 | $324,552 |