Rosenbach Museum And Library
- Assets
- $17.0m
- Revenue
- $1.5m
- Investments
- $9.7m
- Employees
- 18
- Location
- Philadelphia, PA
- Founding
- 10/1953
- Data as of
- 06/2021
- EIN
- 23-1425055
Organization Overview
Rosenbach Museum And Library, operating under the name The Rosenbach Of The Free Library Of Philadelphia, is located in Philadelphia, PA. The organization was established in 1953. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Rosenbach Of The Free Library Of Philadelphia employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosenbach Of The Free Library Of Philadelphia 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, Rosenbach Of The Free Library Of Philadelphia generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. 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
OPERATION OF MUSEUM AND LIBRARY IN ACCORDANCE WITH THE MISSION STATEMENT: "WE FOSTER INQUIRY, LEARNING AND CREATIVE THOUGHT BY ENGAGING AUDIENCES IN PROGRAMS, EXHIBITIONS, PROGRAMS AND RESEARCH INSPIRED BY OUR COLLECTIONS."
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MUSEUM AND RESEARCH LIBRARY WITH RELATED EXHIBIT AND EDUCATIONAL ACTIVITIES AND MAINTENANCE OF THE BUILDING WHICH IS AN INTERGRAL PART OF THE COLLECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derick Dreher Executive Director | Officer | 37.5 | $127,441 |
Kelsey Bates Eff August 302021 Executive Director | Officer | 37.5 | $123,023 |
Lisa Washington Secretary | OfficerTrustee | 3 | $0 |
Peter D Nalle Chairman | OfficerTrustee | 3 | $0 |
Lenore Steiner Vice Chair | OfficerTrustee | 3 | $0 |
Carol Banford CPA Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,021,354 |
| Investment income | $217,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $452 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $202,253 |
| Net Income from Fundraising Events | $26,032 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,543,993 |
| Statement of Expenses | |
|---|---|
| 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. | $169,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $870,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,199 |
| Payroll taxes | $83,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,228 |
| Fees for services: Other | $49,899 |
| Advertising and promotion | $17,452 |
| Office expenses | $29,587 |
| Information technology | $32,632 |
| Royalties | $0 |
| Occupancy | $42,035 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,901 |
| Insurance | $52,095 |
| All other expenses | $0 |
| Total functional expenses | $1,804,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,503 |
| Savings and temporary cash investments | $559,581 |
| Pledges and grants receivable | $1,449,361 |
| Accounts receivable, net | $40,853 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,911 |
| Prepaid expenses and deferred charges | $18,595 |
| Investments—publicly traded securities | $1,617,824 |
| Investments—other securities | $9,665,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,031,009 |
| Accounts payable and accrued expenses | $175,885 |
| 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 | $288,368 |
| Total liabilities | $464,253 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $16,566,756 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rosenbach Museum And Library has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Dry Fam Charitable Foundation Tr Philadelphia, PA PURPOSE: LITERACY PURPOSES | $2,500 |
Endowment Analysis
| Beg. Balance | $33,009,510 |
| Earnings | $7,839,744 |
| Net Contributions | $997,252 |
| Other Expense | $1,786,746 |
| Ending Balance | $40,059,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Eleutherian Mills-Hagley Foundation Inc Wilmington, DE | $219,223,690 | $13,522,481 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |