Departure Institute Inc
- Assets
- $329.1k
- Revenue
- $305.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-1250262
Organization Overview
Departure Institute Inc is located in Atlanta, GA. The organization was established in 2019. 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. Departure Institute 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, Departure Institute Inc generated $305.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (34.3%) each year. All expenses for the organization totaled $521.0k 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
THE DEPARTURE INSTITUTE, AN ATLANTA BASED 501(C)(3) NON-PROFIT FOUNDED IN 2018 IS DEDICATED TO HISTORIC PRESERVATION ACTIVITIES AND EDUCATION. THE INSTITUTE'S GOAL OF "SHAPING THE FUTURE THROUGH THE PRESERVATION OF THE PAST" IS REALIZED THROUGH A VARIETY OF INITIATIVES AND EVENTS DESIGNED TO ENGAGE THE PUBLIC ON THE IMPORTANCE RAIL TRAVEL HAS HAD ON SHAPING THE COUNTRY BY CONNECTING IDEAS, ADVANCEMENTS AND EXPERIENCE. WE BELIEVE IF WALLS COULD TALK, SOCIETY WOULD BE MORE TOLERANT. HISTORY CONNECTS PEOPLE WITH THEIR HERITAGE, FOSTERING A CULTURE THAT CELEBRATES PROGRESS, ART AND DIVERSITY. THERE ARE CULTURAL, SOCIAL, ECONOMIC, ENVIRONMENTAL AND EDUCATIONAL BENEFITS TO HISTORIC PRESERVATION, ALL OF WHICH ARE INTERCONNECTED. HISTORIC BUILDINGS LEND COMMUNITIES UNIQUE CHARACTER AND HELP ENSURE A MEANINGFUL LEGACY FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PULLMAN YARD IS AN IMPORTANT PIECE OF OUR NATIONS ECONOMIC AND SOCIAL HISTORY, SERVING AS A TESTAMENT TO THE NATIONS RAILROAD HISTORY AND TO THE IMPORTANT CONTRIBUTIONS MADE BY AFRICAN AMERICAN RAIL WORKERS WHO SERVED AS PULLMAN PORTERS. THE PULLMAN YARD MUSEUM WILL BE RAISING FUNDS TO CREATE AN EXHIBIT FEATURING THE HISTORY OF THE PULLMAN PORTERS AND THE DESCENDANTS OF PORTERS, THEIR IMPACT ON THE CIVIL RIGHTS MOVEMENT AND THAT MOVEMENTS IMPACT ON THE NATION AND THE WORLD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Meulen Principal Of | OfficerTrustee | 5 | $0 |
Adam Rosenfelt Principal Of | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $304,968 |
| Investment income | $0 |
| 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 | $304,968 |
| 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. | $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 | $269,422 |
| 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 | $0 |
| Office expenses | $15,692 |
| Information technology | $2,777 |
| 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 | $4,372 |
| Insurance | $0 |
| All other expenses | $3,394 |
| Total functional expenses | $521,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,322 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $308,431 |
| Total assets | $329,066 |
| 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 | $500,487 |
| Total liabilities | $500,487 |
| 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 | -$171,421 |
| Total liabilities and net assets/fund balances | $329,066 |