Southern Ohio Museum Corporation
- Assets
- $4.4m
- Revenue
- $450.8k
- Investments
- $2.2m
- Employees
- 33
- Location
- Portsmouth, OH
- Founding
- 01/1978
- Data as of
- 06/2021
- EIN
- 31-0914613
Organization Overview
Southern Ohio Museum Corporation is located in Portsmouth, OH. The organization was established in 1978. 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, Southern Ohio Museum Corporation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Ohio Museum Corporation 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, Southern Ohio Museum Corporation generated $450.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $514.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
HOUSING A MUSEUM AND CULTURAL CENTER WITH CHANGING EXHIBITS, PERMANENT EXHIBITS, PERFORMING ARTS AND EDUCATIONAL CLASSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING A MUSEUM WITH BOTH CHANGING AND PERMANENT EXHIBITS.
CIRQUE D'ART - CHILDREN AND YOUTH PERFORMING ARTS WORKSHOPS AND PRESENTATIONS.
KRICKER PERFORMING ARTS - PRESENTATION OF ARTISTIC PROGRAMS AND LECTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Gordon Artistic Dir | Trustee | $50,000 | |
Name Not Listed Executive Di | Trustee | 40 | $50,000 |
Pegi Wilkes Cirque Direc | Trustee | $44,000 | |
Asa Jewett President | OfficerTrustee | $0 | |
C Clayton Johnson Trustee Emer | OfficerTrustee | $0 | |
Joshua Howard Vice-Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,271 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $592 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,791 |
| 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. | $144,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,528 |
| Advertising and promotion | $2,941 |
| Office expenses | $13,726 |
| Information technology | $4,870 |
| Royalties | $0 |
| Occupancy | $58,886 |
| Travel | $2,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,133 |
| Insurance | $21,928 |
| All other expenses | $0 |
| Total functional expenses | $514,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,039 |
| Savings and temporary cash investments | $15,267 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $16,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,180,665 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,385,212 |
| Accounts payable and accrued expenses | $66,666 |
| Grants payable | $0 |
| Deferred revenue | $51,832 |
| 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 | $118,498 |
| 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 | $4,266,714 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southern Ohio Museum Corporation has recieved totaling $240,427.
| Awarding Organization | Amount |
|---|---|
The Scioto County Area Foundation Portsmouth, OH | | $240,417 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
The Detroit Institute Of Arts Detroit, MI | $547,056,318 | $58,386,978 |
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $42,942,635 | $5,850,007 |
Grand Rapids Art Museum Grand Rapids, MI | $63,932,796 | $12,119,660 |