Bessemer Hall Of History Inc
- Assets
- $634.7k
- Revenue
- $44.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Bessemer, AL
- Founding
- 06/1971
- Data as of
- 12/2021
- EIN
- 23-7113175
Organization Overview
Bessemer Hall Of History Inc is located in Bessemer, AL. The organization was established in 1971. According to its NTEE Classification (A54) the organization is classified as: History 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. Bessemer Hall Of History 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 12/2021, Bessemer Hall Of History Inc generated $44.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $45.1k during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND MAINTAIN A MUSEUM TO BE A DEPOSITORY OF ARTICLES, OBJECTS AND DOCUMENTS OF LASTING HISTORICAL INTEREST OR VALUE PRIMARILY REGARDING, BUT NOT LIMITED TO THE AREA SURROUNDING THE CITY OF BESSEMER, AL AND ITS ENVIRONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A DIRECTOR IS EMPLOYED BY THE MUSEUM AND ALONG WITH THE VOLUNTEER BOARD OF DIRECTORS AND VOLUNTEERS FROM THE COMMUNITY ASSISTING, THE MUSEUM IS OPEN TUESDAY THRU SATURDAY 9:00AM TO 3:00PM. DISPLAYS ARE CHANGED REGULARLY FEATURING ITEMS SUCH AS MILITARY ARTIFACTS, NATIVE AMERICAN ARTIFACTS, INDIVIDUAL DISPLAYS, MODEL RAILROAD DISPLAYS AND RAILROAD ARTIFACTS, ANTIQUE TOYS AND ANTIQUE CLOTHES LOANED OR GIVEN BY LOCAL FAMILIES.
LOCAL STUDENDS OF ART DISPLAY WORKS AS WELL AS LOCAL ARTISTS AND COLLECTORS DISPLAY WORKS AND COLLECTIONS FOR THE PUBLIC TO VIEW. LOCAL WRITERS HAVE THEIR WORKS ABOUT THE LOCAL AREA FOR SALE AT THE MUSEUM. LOCAL PHOTOGRAPHERS DISPLAY THEIR WORKS, WHICH CAN BEN PURCHASED AT THE MUSEUM. LOCAL MERCHANTS DISPLAY POSTERS AND FLYERS WHICH ADVERTISE EVENTS TO BE HELD AT THE MUSEUM, AND LOCAL CIVIC GROUPS ASSIST WITH HOLDING EVENTS AT THE MUSEUM. THE LOCAL NEWSPAPERS AND LOCAL TELEVISION STATIONS PUBLICIZE DISPLAYS AND OTHER EVENTS HELD AT THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Eiland Vice President | Officer | 0 | $0 |
Louise Ayer Tommie Treasurer | Officer | 0 | $0 |
Janet Newman Secretary | Officer | 0 | $0 |
Don Sharpe President | Officer | 0 | $0 |
Walter Mcalister Director | Trustee | 0 | $0 |
Larry Parks Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,070 |
| Fundraising events | $8,391 |
| Related organizations | $0 |
| Government grants | $24,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,357 |
| Total Program Service Revenue | $0 |
| Investment income | $398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $102 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,518 |
| 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. | $20,458 |
| Compensation of current officers, directors, key employees. | $4,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $326 |
| Office expenses | $408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,659 |
| 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 | $0 |
| Insurance | $704 |
| All other expenses | $15,935 |
| Total functional expenses | $45,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,495 |
| Savings and temporary cash investments | $47,506 |
| 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 | $2,556 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $563,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $634,654 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $25,000 |
| 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 | $25,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $46,557 |
| Paid-in or capital surplus, or land, building, or equipment fund | $563,097 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $634,654 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bessemer Hall Of History Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Hill Crest Foundation Inc Mountain Brook, AL PURPOSE: SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $5,552 |
| Earnings | $47 |
| Ending Balance | $5,599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Henry Morrison Flagler Museum Palm Beach, FL | $63,121,691 | $4,765,672 |
Historical Association Of Southern Florida Inc Miami, FL | $4,170,200 | $3,833,962 |
Florida Holocaust Museum Inc St Petersburg, FL | $6,471,703 | $3,220,795 |
St Augustine Lighthouse & Maritime Museum Inc Saint Augustine, FL | $6,521,175 | $4,691,684 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Burritt Museum Association Inc Huntsville, AL | $1,905,996 | $2,510,115 |
Loxahatchee River Historical Society Inc Jupiter, FL | $984,899 | $1,767,468 |
Clarksville-Montgomery County Museum Clarksville, TN | $4,515,157 | $1,658,214 |
Florida Railroad Museum Inc Parrish, FL | $3,860,915 | $2,530,621 |
Mel Fisher Maritime Heritage Society Inc Key West, FL | $4,717,253 | $1,050,052 |