Morris Museum Inc
- Assets
- $15.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 45
- Location
- Morristown, NJ
- Founding
- 10/1954
- Data as of
- 06/2023
- EIN
- 22-1514241
Organization Overview
Morris Museum Inc is located in Morristown, NJ. The organization was established in 1954. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Morris Museum Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris Museum 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 06/2023, Morris Museum Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 0.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INTERPRETING THE PAST AND DISCOVERING THE FUTURE THROUGH ART, SOUND, AND MOTION.
Describe the Organization's Program Activity:
EXHIBITIONS, COLLECTIONS, AND THEATER: IN FY2023 THE MUSEUM HOSTED 5 MAJOR ART EXHIBITIONS ON SUBJECTS RANGING FROM MENTORSHIP IN THE REGION'S BLACK ART-MAKING COMMUNITY (WITH PARTNER ART IN THE ATRIUM) TO THE PHOTOGRAPHIC ROCK-AND-ROLL CHRONICLES OF JAY BLAKESBURG, AUGMENTED BY 18 SMALLER PROJECTS FEATURING STANDOUT OBJECTS FROM ITS 45,000+ COLLECTION AND BORROWED WORKS OF ART. COLLECTION-BASED INSTALLATIONS OF GLOBAL MATERIAL CULTURAL PROPERTY OCCUPY SIGNIFICANT PORTIONS OF THE 1913, MCKIM, MEAD & WHITE-DESIGNED TWIN OAKS MANSION AND THE MODERN FACILITIES, AMONG THEM THE WORLD-RENOWNED MURTAUGH GUINNESS COLLECTION OF MECHANICAL MUSICAL INSTRUMENTS AND AUTOMATA. THE 312-SEAT BICKFORD THEATER AND OUTSIDE FACILITIES HOSTED AUDIENCES FOR 23 LIVE MUSIC AND DANCE EVENTS AND 7 FILMS.
PUBLIC EDUCATION: A LAYERED APPROACH TO HOSTING ORGANIZED PRE-K-12 GROUPS THROUGH PARTNERSHIPS WITH OVER 50 SCHOOLS BROUGHT OVER 3,000 STUDENTS TO THE MUSEUM FOR TOURS AND ART-MAKING ACTIVITIES AND IN-SCHOOL PROGRAMMING. ADDITIONALLY, THE MUSEUM CREATES OPPORTUNITIES FOR SELF-DIRECTED AND FACILITATED LEARNING EXPERIENCES THROUGH FESTIVAL EVENTS (ON-SITE AND REGIONALLY), FAMILY DAYS, AND THE SMITHSONIAN SPARK!LAB FOR HANDS-ON LEARNING ON STEM AND STEAM PRINCIPLES THROUGH CREATIVE PLAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Mignon Trustee | Trustee | 2 | $0 |
Alexandra L Braunstein MD Trustee | Trustee | 2 | $0 |
Scott G Leonard ESQ Trustee | Trustee | 2 | $0 |
Richard Nolan ESQ Trustee | Trustee | 2 | $0 |
Frank Cesaro Asst. Secretary | Officer | 2 | $0 |
Edward Von Der Linde Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $149,798 |
| Fundraising events | $229,785 |
| Related organizations | $0 |
| Government grants | $209,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,234,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,823,554 |
| Total Program Service Revenue | $349,666 |
| Investment income | $304,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$14,317 |
| Net Gain/Loss on Asset Sales | -$203,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,949 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,333,845 |
| 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. | $332,865 |
| Compensation of current officers, directors, key employees. | $47,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $923,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,909 |
| Payroll taxes | $127,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,532 |
| Advertising and promotion | $0 |
| Office expenses | $137,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $357,427 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $509,306 |
| Insurance | $0 |
| All other expenses | $13,530 |
| Total functional expenses | $2,909,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,428,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $728,507 |
| Accounts receivable, net | $69,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,227 |
| Prepaid expenses and deferred charges | $48,712 |
| Net Land, buildings, and equipment | $6,007,047 |
| Investments—publicly traded securities | $7,184,950 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,080 |
| Total assets | $15,522,600 |
| Accounts payable and accrued expenses | $67,774 |
| Grants payable | $0 |
| Deferred revenue | $866,450 |
| 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 | $2,017,186 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,815 |
| Total liabilities | $2,988,225 |
| Net assets without donor restrictions | $5,665,478 |
| Net assets with donor restrictions | $6,868,897 |
| 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 | $15,522,600 |