Historic Morgantown Post Office Building Inc is located in Morgantown, WV. The organization was established in 2019. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Historic Morgantown Post Office Building 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, Historic Morgantown Post Office Building Inc generated $70.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (52.3%) each year. All expenses for the organization totaled $42.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HISTORIC MORGANTOWN POST OFFICE BUILDING, INC. WAS FORMED FOR THE PURPOSE OF RENOVATING AND PRESERVING THE 1913 HISTORIC POST OFFICE BUILDING AND ITS ANNEX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023 THE HISTORIC MPO MADE SIGNFICANT REPAIRS AND RENOVATIONS TO THE HISTORIC MORGANTOWN POST OFFICE AND PROVIDED A FACILITY FOR THE SUPPORT OF THE MONONGALIA COUNTY ARTS CENTER ASSOCIATION, INC. AND THE MORGANTOWN HISTORY MUSEUM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jordan Jones Board Member | Trustee | 0 | $0 |
Mary Hastings Board Member | Trustee | 0 | $0 |
Patrick Kirby Board Member | Trustee | 0 | $0 |
Nicole Davis Board Member | Trustee | 0 | $0 |
Billy Atkins Board Member | Trustee | 0 | $0 |
James Griffin Board Member | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $13,191 |
All other contributions, gifts, grants, and similar amounts not included above | $28,542 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $41,733 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $28,819 |
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 | $70,552 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $9,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,500 |
Office expenses | $379 |
Information technology | $0 |
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 | $23,868 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,854 |
Insurance | $921 |
All other expenses | $24 |
Total functional expenses | $42,946 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $60,153 |
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 | $1,035,076 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,095,229 |
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 | $365,571 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $365,571 |
Net assets without donor restrictions | $729,658 |
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 | $1,095,229 |