Golf Museum
- Assets
- $2.2m
- Revenue
- $31.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 09/2009
- Data as of
- 12/2018
- EIN
- 03-0506762
Organization Overview
Golf Museum is located in Newport News, VA. The organization was established in 2009. 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. Golf Museum 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 12/2018, Golf Museum generated $31.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $42.6k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN A MUSEUM DEVOTED TO THE HISTORY OF THE ANCIENT GAME OF GOLF, WHICH SHALL INCLUDE A LIBRARY AND WORKS OF ART APPERTAINING TO GOLF AND PARAPHERNALIA FROM TIME TO TIME EMPLOYED IN PLAYING GOLF AND TO ACQUIRE, OWN AND PRESERVE MANSCRIPTS, BOOKS AND OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM HAS HAD CONTINUED RENOVATIONS TO IMPROVE THE OVERALL DISPLAY AND QUALITY OF DISPLAY OF THE MUSEUM ARTIFACTS AND GOLF PARAPHERNALIA. IN ADDITION, MODERN CONCEPTS OF DOCUMENTING, AND PRESERVING SOME OF THE MORE VALUABLE AND PRIZED ARTIFACTS HAVE BEEN IMPLEMENTED,INCLUDING COMPUTERIZED SCANNING OF MANUSCRIPTS, DIGITAL PHOTOGRAPHS AND LOGGING OF MUSEUM ARTIFACTS AND GOLF PARAPHERNALIA, AND MODERNIZED DISPLAY CASES TO FURTHER EXTEND THE LIFESPAN OF CERTAIN OLDER MORE FRAGILE ARTIFACTS. DONEES WHO PROVIDED SUBSTANTIAL DONATIONS WERE HONORED ON A MEMORIAL PLAQUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond H Suttle Jr President | Officer | $0 | |
Joseph Bryant Jr Secretary | Officer | $0 | |
Scott Russell Trustee | Trustee | $0 | |
James Mullins Trustee | Trustee | $0 | |
Richard Robins Trustee | Trustee | $0 | |
Randolph Bryant Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,000 |
| Noncash contributions included in lines 1a–1f | $24,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,000 |
| Total Program Service Revenue | $0 |
| Investment income | $517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,208 |
| 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 | $2,925 |
| 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 | $61 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| 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 | $5,987 |
| Insurance | $0 |
| All other expenses | $112 |
| Total functional expenses | $42,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,349 |
| 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 | $106,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,576 |
| Other assets | $2,000,000 |
| Total assets | $2,234,151 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $2,234,151 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,234,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |
Museum Of The Cherokee Indian Cherokee, NC | $7,226,404 | $1,829,995 |
International Bluegrass Music Museum Inc Owensboro, KY | $2,977,508 | $2,312,772 |