New Jersey State Museum Foundation
- Assets
- $1.5m
- Revenue
- $428.3k
- Investments
- $1.0m
- Employees
- 8
- Location
- Trenton, NJ
- Founding
- 02/1968
- Data as of
- 06/2021
- EIN
- 22-6098724
Organization Overview
New Jersey State Museum Foundation is located in Trenton, NJ. The organization was established in 1968. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, New Jersey State Museum Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey State Museum Foundation 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 06/2021, New Jersey State Museum Foundation generated $428.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $167.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 6 years. 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 SUPPORT AND FOSTER AN INTEREST IN THE PROGRAMS AND COLLECTIONS OF THE NEW JERSEY STATE MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM PROGRAMS THAT FOSTER KNOWLEDGE OF THE GENERAL PUBLIC REGARDING THE MUSEUM RELATED INTERESTS. PROGRAMS INCLUDE SUPER SCIENCE SATURDAY, WHICH PROVIDES FAMILIES WITH CHILDREN OF ALL AGES THE OPPORTUNITY TO EXPERIENCE FIRST HAND THE VARIOUS VOCATIONS AND AVOCATIONS IN SCIENCE THROUGH EXHIBITIONS, WORKSHOPS, LIVE PERFORMANCES AND INTERACTIVE DEMONSTRATIONS BY LEADING SCHOLARS AND PROFESSIONALS IN ALL AREAS OF SCIENCE. EVENTS AIM TO FOSTER CHILDREN'S INNATE CURIOSITY AND INCREASE STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) LITERACY.
MUSEUM PROGRAMS THAT FOSTER KNOWLEDGE OF THE GENERAL PUBLIC REGARDING THE MUSEUM RELATED INTERESTS. PROGRAMS INCLUDE SUPER SCIENCE SATURDAY, WHICH PROVIDES FAMILIES WITH CHILDREN OF ALL AGES THE OPPORTUNITY TO EXPERIENCE FIRST HAND THE VARIOUS VOCATIONS AND AVOCATIONS IN SCIENCE THROUGH EXHIBITIONS, WORKSHOPS, LIVE PERFORMANCES AND INTERACTIVE DEMONSTRATIONS BY LEADING SCHOLARS AND PROFESSIONALS IN ALL AREAS OF SCIENCE. EVENTS AIM TO FOSTER CHILDREN'S INNATE CURIOSITY AND INCREASE STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) LITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Jannotte Executive Dir. | Officer | 50 | $65,000 |
Gabrielle Deen Vice President | Trustee | 0.2 | $0 |
Karen S Ali President | Trustee | 0.2 | $0 |
Hima Kher Trustee | Trustee | 0.2 | $0 |
Jennifer Wade Bredin Trustee | Trustee | 0.2 | $0 |
Larry G Conti Treasurer | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,772 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,661 |
| Total Program Service Revenue | $150 |
| Investment income | $320,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,154 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,259 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $19,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,100 |
| 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 | $4,062 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,001 |
| Insurance | $6,429 |
| All other expenses | $0 |
| Total functional expenses | $167,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,604 |
| 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 | $37,574 |
| Prepaid expenses and deferred charges | $17,459 |
| Net Land, buildings, and equipment | $5,169 |
| Investments—publicly traded securities | $418,368 |
| Investments—other securities | $1,010,608 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,518,782 |
| Accounts payable and accrued expenses | $15,157 |
| Grants payable | $0 |
| Deferred revenue | $2,549 |
| 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 | $85,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $103,606 |
| Net assets without donor restrictions | $450,362 |
| Net assets with donor restrictions | $964,814 |
| 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 | $1,518,782 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Jersey State Museum Foundation has recieved totaling $12,408.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: Reimburse flowers and admin | $11,803 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $450 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $103 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Endowment Analysis
| Beg. Balance | $777,798 |
| Earnings | $149,501 |
| Net Contributions | $22,517 |
| Other Expense | -$5,120 |
| Ending Balance | $954,936 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Henry Francis Du Pont Winterthur Museum Inc Winterthur, DE | $381,564,161 | $38,612,720 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |