Music House Museum
- Assets
- $2.3m
- Revenue
- $277.8k
- Investments
- $622.2k
- Employees
- 8
- Location
- Acme, MI
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 38-2709408
Organization Overview
Music House Museum is located in Acme, MI. The organization was established in 1987. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Music House Museum employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music House 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, Music House Museum generated $277.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $361.8k during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, RESTORE, PRESERVE, DISPLAY AND DEMONSTRATE AUTOMATED MUSICAL INSTRUMENTS AND RELATED AMERICANA; AND TO EDUCATE AND ENTERTAIN PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
MUSEUM ADMISSIONS AND TOURS. MUSEUM ATTENDANCE WAS 4,764 IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Clore President | OfficerTrustee | 8 | $0 |
Bruce Ahlich Vice President | OfficerTrustee | 8 | $0 |
Sally Lewis Co-Treasurer | OfficerTrustee | 8 | $0 |
Patricia Richards Director | Trustee | 8 | $0 |
Ruth Stow Co-Treasurer | OfficerTrustee | 8 | $0 |
James Warner Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,320 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,968 |
| Noncash contributions included in lines 1a–1f | $1,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,331 |
| Total Program Service Revenue | $56,242 |
| Investment income | $29,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,970 |
| Net Gain/Loss on Asset Sales | $22,832 |
| Net Income from Fundraising Events | $3,847 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,786 |
| 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. | $47,045 |
| Compensation of current officers, directors, key employees. | $20,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,145 |
| Payroll taxes | $9,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $440 |
| Fees for services: Accounting | $7,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,904 |
| Advertising and promotion | $28,948 |
| Office expenses | $5,597 |
| Information technology | $13,734 |
| Royalties | $0 |
| Occupancy | $50,304 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,548 |
| Insurance | $8,662 |
| All other expenses | $0 |
| Total functional expenses | $361,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,898 |
| 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 | $13,917 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $623,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $622,212 |
| Investments—program-related | $1,001,158 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,268,848 |
| Accounts payable and accrued expenses | $16,378 |
| 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 | $417,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $950 |
| Total liabilities | $434,664 |
| Net assets without donor restrictions | $1,211,972 |
| Net assets with donor restrictions | $622,212 |
| 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 | $2,268,848 |