Penny Lane Beatles Museum Inc
- Assets
- $2.5m
- Revenue
- $24.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dunedin, FL
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 83-1896322
Organization Overview
Penny Lane Beatles Museum Inc is located in Dunedin, FL. 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. Penny Lane Beatles 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 12/2023, Penny Lane Beatles Museum Inc generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.0%) each year. All expenses for the organization totaled $467.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE, BUY, SELL, COLLECT, CONSERVE, LEND AND DISPLAY BEATLES MEMORABILIA AND OTHER RELATED MATERIALS, INCLUDING BUT NOT LIMITED TO THE OWNERSHIP AND OPERATION OF A MUSEUM OR OTHER EXHIBITS, ORGANIZATION OF TRAVELING EXHIBITS AND OTHER PROMOTIONAL ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Entel Chair | 1 | $0 | |
Irwin L Entel Director | 1 | $0 | |
Nancy Ridenour Treasurer | 1 | $0 | |
Anne Q Barr Director | 1 | $0 | |
John Freeborn Secretary | 1 | $0 | |
Susan Benjamin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,343 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,202 |
| Other Income | $0 |
| Total Revenue | $24,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $71,665 |
| Travel, conferences, and meetings | $1,398 |
| Printing and publications | $0 |
| Other expenses | $10,764 |
| Total operating and administrative expenses | $467,087 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $467,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,038 |
| Savings and temporary cash investments | $227,894 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $2,045 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,232,637 |
| Total assets | $2,472,614 |
| Accounts payable and accrued expenses | $156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $250,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $250,156 |