Cape Ann Museum Inc
- Assets
- $28.6m
- Revenue
- $3.1m
- Investments
- $1.5m
- Employees
- 25
- Location
- Gloucester, MA
- Founding
- 12/1945
- Data as of
- 12/2020
- EIN
- 04-2143545
Organization Overview
Cape Ann Museum Inc, operating under the name Cape Ann Museum, is located in Gloucester, MA. The organization was established in 1945. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Cape Ann Museum employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Ann 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 12/2020, Cape Ann Museum generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. While expenses have increased by 2.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AN APPRECIATION OF THE QUALITY AND DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVEMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY AND SEEKS TO ENGAGE THE BROADEST POSSIBLE AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSES ARE OWNERSHIP, OPERATION, COLLECTION AND PRESERVATION OF HISTORICAL BUILDINGS, OBJECTS, RECORDS AND WORKS OF ART ALL RELATED TO CAPE ANN. THE MUSEUM EXHIBITS AND OFFERS EDUCATIONAL PROGRAMMING FOCUSING ON ITS COLLECTIONS FOR THE BENEFIT OF ITS MEMBERS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oliver Barker Museum Director | 40 | $142,548 | |
Henrietta Gates-As Of 111920 Vice President | Officer | 3 | $0 |
Thomas Cronin-As Of 41620 Treasurer | Officer | 3 | $0 |
Charles D Esdaile President | Officer | 5 | $0 |
Nina Goodick Secretary | Officer | 3 | $0 |
Jjbell Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Windover Construction Inc Construction | 12/30/20 | $493,484 |
Donnegan Systems Inc Storage Solutions | 12/30/20 | $187,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $273,328 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,910 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,043,664 |
| Noncash contributions included in lines 1a–1f | $222,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,323,902 |
| Total Program Service Revenue | $18,886 |
| Investment income | $187,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $375,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,695 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,093,394 |
| 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 | $750,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,127 |
| Payroll taxes | $64,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,441 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,230 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,186 |
| Advertising and promotion | $62,887 |
| Office expenses | $102,009 |
| Information technology | $62,107 |
| Royalties | $0 |
| Occupancy | $151,615 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $307,934 |
| Insurance | $48,230 |
| All other expenses | $7,737 |
| Total functional expenses | $2,147,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,555 |
| Savings and temporary cash investments | $1,142,260 |
| Pledges and grants receivable | $2,547,243 |
| 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 | $76,934 |
| Prepaid expenses and deferred charges | $31,640 |
| Net Land, buildings, and equipment | $11,057,823 |
| Investments—publicly traded securities | $12,160,448 |
| Investments—other securities | $1,476,499 |
| Investments—program-related | $0 |
| Intangible assets | $2,397 |
| Other assets | $12,110 |
| Total assets | $28,561,909 |
| Accounts payable and accrued expenses | $71,864 |
| 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 | $2,995,709 |
| Other liabilities | $4,333 |
| Total liabilities | $3,071,906 |
| Net assets without donor restrictions | $19,391,989 |
| Net assets with donor restrictions | $6,098,014 |
| 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 | $28,561,909 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cape Ann Museum Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Charles Mosesian Charitable Foundation Weston, MA PURPOSE: PROGRAM SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $5,631,339 |
| Earnings | $376,530 |
| Other Expense | $79,001 |
| Ending Balance | $5,928,868 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |