African American Museum Of History And Culture At Loray Mill
- Assets
- $94.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-2630612
Organization Overview
African American Museum Of History And Culture At Loray Mill is located in Gastonia, NC. The organization was established in 2019. According to its NTEE Classification (A54) the organization is classified as: History 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. African American Museum Of History And Culture At Loray Mill 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, African American Museum Of History And Culture At Loray Mill generated $94.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $76.5k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ONLINE LEARNING PROGRAMS FOR SCHOOL CHILDREN AND ADULTS FOR BLACK HISTORY AND CULTURAL CELEBRATIONS SUCH AS KWANZAA. EMPHASIS WAS PLACED ON BLACK AUTHORS WHO WERE AWARDED CORETTA SCOTT KING AWARDS FOR CHILDREN'S LITERATURE. OVER 1500 PERSONS BENEFITED BY THE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ina Biggers Director | 2 | $0 | |
Kathleen Blake Director | 2 | $0 | |
Karen Bringle Director | 2 | $0 | |
Carolyn West-Brown Treasurer | 2 | $0 | |
Mamie Chisholm Director | 2 | $0 | |
Aurelia Falls Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,474 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,155 |
| Other Revenue | $894 |
| Total Revenue | $94,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,654 |
| Occupancy, rent, utilities, and maintenance | $14,565 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,242 |
| Total expenses | $76,461 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,490 |
| Other assets | $0 |
| Total assets | $94,490 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,490 |