Milan Historical Museum
- Assets
- $5.5m
- Revenue
- $127.0k
- Investments
- $2.1m
- Employees
- 8
- Location
- Milan, OH
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 34-6539143
Organization Overview
Milan Historical Museum is located in Milan, OH. The organization was established in 1964. 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 12/2023, Milan Historical Museum employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milan Historical Museum 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 12/2023, Milan Historical Museum generated $127.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $262.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEMONSTRATE THROUGH MUSEUM BUILDINGS AND COLLECTIONS HOW THE PAST SHAPED THE PRESENT; TO ESTABLISH A PRESENCE IN THE COMMUNITY BY PROVIDING EDUCATIONAL PROGRAMS AND SERVICES FOSTERING THE UNIQUENESS OF MILAN VILLAGE AND ITS ARCHITECTURE; TO COLLABORATE WITH REGIONAL MUSEUMS TO PROMOTE HISTORICAL AWARENESS, PRESERVATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS, PROGRAMS AND RENOVATIONS TO FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Trout Trustee | Trustee | 1 | $0 |
Michael Kimaid President | OfficerTrustee | 1 | $0 |
Candy Draeger Secretary | OfficerTrustee | 1 | $0 |
Mark Miller Trustee | Trustee | 1 | $0 |
Sparky Weilnau Vice President | OfficerTrustee | 1 | $0 |
Ann Basilone-Jones Executive Drector | OfficerTrustee | 40 | $69,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,343 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,667 |
| Total Program Service Revenue | $4,939 |
| Investment income | $80,193 |
| 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 | -$1,302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,967 |
| 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. | $69,538 |
| Compensation of current officers, directors, key employees. | $4,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,396 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,077 |
| Office expenses | $1,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,298 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,883 |
| Insurance | $12,839 |
| All other expenses | $6,171 |
| Total functional expenses | $262,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,425 |
| 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 | $14,389 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $110,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,141,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,275,871 |
| Total assets | $5,549,277 |
| Accounts payable and accrued expenses | $3,047 |
| 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 | $1,516 |
| Total liabilities | $4,563 |
| Net assets without donor restrictions | $5,232,867 |
| Net assets with donor restrictions | $311,847 |
| 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 | $5,549,277 |