Steilacoom Historical Museum Assn Inc
- Assets
- $1.2m
- Revenue
- $167.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Steilacoom, WA
- Founding
- 06/1974
- Data as of
- 12/2021
- EIN
- 91-6176075
Organization Overview
Steilacoom Historical Museum Assn Inc is located in Steilacoom, WA. The organization was established in 1974. 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. Steilacoom Historical Museum Assn 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, Steilacoom Historical Museum Assn Inc generated $167.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $122.8k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE PUBLIC BY PRESERVING LOCAL CULTURE AND HISTORIC ARTIFACTS, ENABLING PRESENT AND FUTURE GENERATIONS TO LEARN ABOUT AND MAINTAIN THE HERITAGE OF THE TOWN OF STEILACOOM. MAIN ACTIVITIES ARE ADMINISTERING THE MUSEUM, MAINTAINING THREE HISTORIC BUILDINGS, AND CONDUCTING EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS: THE ASSOCIATION OWNS AND MANAGES THE STEILACOOM HISTORICAL MUSEUM AND THREE HISTORICAL BUILDINGS. THE COST OF UTILITIES, REPAIRS, ETC., FOR THESE PROPERTIES ARE CONSOLIDATED SO EXPENSES ARE ESTIMATES. THE MUSEUM HAS ROTATING DISPLAYS ON DIFFERENT ASPECTS OF THE HISTORY OF THE TOWN OF STEILACOOM AND THE SURROUNDING AREA. THE FACILITIES ARE STAFFED BY VOLUNTEERS AND DOCENTS. THE MUSEUM IS ALSO USED AS A CLASSROOM AND OFFICE FOR THE ASSOCIATION. THERE IS A MUSEUM STORE/GIFT SHOP THAT IS ALSO ONLINE. DONATIONS ARE ACCEPTED AT EACH FACILITY.
EDUCATION: SHMA DOCENTS AND VOLUNTEERS SET UP EXHIBITS AND INFORMATIONAL MATERIALS. THERE IS A SELF-GUIDED WALKING TOUR OF THE TOWN OF STEILACOOM'S HISTORICAL DISTRICT AND HISTORICAL LANDMARKS. MONTHLY PRESENTATIONS ARE GIVEN BY HISTORIANS ON VARIOUS TOPICS. OTHER ACTIVITIES ARE ARRANGED WITH 4TH GRADE AND 7TH GRADE STUDENTS AS PART OF THEIR CURRICULUM AND A SEPARATE KIDS CLUB FOR GRADE SCHOOLERS. A MONTHLY NEWSLETTER KEEPS MEMBERS UP TO DATE ON THE ASSOCIATION'S MISSION AND HISTORICAL TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Faulk President | OfficerTrustee | 8 | $0 |
Connie Kirkpatrick Past President | OfficerTrustee | 4 | $0 |
Matt Drury Vice President | OfficerTrustee | 4 | $0 |
French Wetmore Chief Financial Officer | Officer | 8 | $0 |
Joanne Dunsmore Recording Secretary | Officer | 4 | $0 |
Austra Faulk Treasurer | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,097 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,542 |
| Total Program Service Revenue | $0 |
| Investment income | $32,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,746 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,741 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,639 |
| 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 | $17,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,317 |
| Advertising and promotion | $0 |
| Office expenses | $5,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,601 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,356 |
| Insurance | $7,686 |
| All other expenses | $0 |
| Total functional expenses | $122,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,175 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,529 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $703,749 |
| Investments—publicly traded securities | $232,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,151,444 |
| Accounts payable and accrued expenses | $5,718 |
| 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 | $51,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $56,893 |
| Net assets without donor restrictions | $1,026,554 |
| Net assets with donor restrictions | $67,997 |
| 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 | $1,151,444 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Steilacoom Historical Museum Assn Inc has recieved totaling $154.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $154 |
Endowment Analysis
| Beg. Balance | $199,056 |
| Earnings | $32,320 |
| Net Contributions | $1,000 |
| Ending Balance | $232,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Museum Association Anchorage, AK | $13,680,966 | $14,736,241 |
Northwest Maritime Center Port Townsend, WA | $21,051,564 | $9,184,031 |
Burke Museum Association Seattle, WA | $1,429,157 | $2,025,349 |
Densho Seattle, WA | $2,629,365 | $2,391,669 |
Yakima Valley Museum & Hist Assn Yakima, WA | $9,407,246 | $1,269,577 |
Warhawk Air Museum Inc Nampa, ID | $5,473,516 | $2,607,121 |
The Willamette Heritage Center Salem, OR | $3,704,693 | $931,387 |
Columbia River Steamship Operators Association Portland, OR | $727,117 | $771,163 |
Valdez Museum And Historical Archive Association Incorporated Valdez, AK | $412,960 | $617,040 |
Alaska Aviation Heritage Museum Anchorage, AK | $6,679,112 | $631,265 |
Columbia Gorge Interpretive Center Stevenson, WA | $2,351,160 | $339,061 |
Port Townsend Aero Museum Port Townsend, WA | $7,746,029 | $1,457,196 |