Wentworth Military Academy Museum Inc
- Assets
- $655.2k
- Revenue
- $125.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Lexington, MO
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 82-4078418
Organization Overview
Wentworth Military Academy Museum Inc is located in Lexington, MO. The organization was established in 2018. 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. Wentworth Military Academy Museum 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 12/2021, Wentworth Military Academy Museum Inc generated $125.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $82.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURCHASE, DISPOSITION, PRESERVATION, CHRONICLING, EXHIBITING, ARCHIVING AND DISPLAYING OF HISTORICAL ARTIFACTS RELATED TO WENTWORTH MILITARY ACADEMEY (1880 - 2017)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACQUIRED AND MADE CAPITAL IMPROVEMENTS TO A MUSEUM BUILDING THAT IS OPEN TO THE PUBLIC AND DISPLAYS A COLLECTION OF ARTIFACTS THAT THE ORGANIZATION ACQUIRED AND MAINTAINED. THE MUSEUM OPENED IN THE FALL OF 2018 AND HAS BEEN VISITED BY OVER 10,000 VISITORS SINCE ITS OPENING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kerr Secretary | Officer | 12 | $0 |
James Lowman Vice Chairman | Officer | 8 | $0 |
Scott Hefner Treasurer | Officer | 4 | $0 |
George Hittner Chairman | Officer | 8 | $0 |
Ted Butherus Director | Trustee | 2 | $0 |
William Ratcliffe Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,680 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,545 |
| Total Program Service Revenue | $1,973 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,193 |
| Net Gain/Loss on Asset Sales | -$97 |
| Net Income from Fundraising Events | -$34,467 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $17,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $956 |
| Office expenses | $1,924 |
| Information technology | $4,195 |
| Royalties | $0 |
| Occupancy | $12,111 |
| Travel | $578 |
| 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 | $7,666 |
| Insurance | $7,842 |
| All other expenses | -$2 |
| Total functional expenses | $82,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,104 |
| Savings and temporary cash investments | $5,154 |
| 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 | $0 |
| Net Land, buildings, and equipment | $399,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,156 |
| Total assets | $655,184 |
| Accounts payable and accrued expenses | $92 |
| 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 | $92 |
| Net assets without donor restrictions | $0 |
| 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 | $655,092 |
| Total liabilities and net assets/fund balances | $655,184 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wentworth Military Academy Museum Inc has recieved totaling $19,112.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,879 |
Kretschmer Private Foundation Wilmington, DE PURPOSE: ENDOWMENT | $5,000 |
Kretschmer Private Foundation Wilmington, DE PURPOSE: GROENDYKE CHALANGE | $5,000 |
Clayton And Billie Poenisch Foundation Wray, CO PURPOSE: CHARITABLE | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |