Grout Museum Inc

Organization Overview

Grout Museum Inc is located in Waterloo, IA. The organization was established in 1993. According to its NTEE Classification (A50) the organization is classified as: 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. Grout Museum 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 06/2022, Grout Museum Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $810.0k during the year ending 06/2022. While expenses have increased by 4.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FUNDS TO THE H.W. GROUT TRUST FOR OPERATION OF ITS MUSEUMS IN WATERLOO, IOWA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GROUT MUSEUM, INC. PROVIDED FUNDING TO THE H.W. GROUT TRUST FOR OPERATIONS OF ITS MUSEUMS IN WATERLOO, IOWA. THE MUSEUMS SERVED APPROXIMATELY 38,000 PEOPLE DURING THE YEAR ENDED JUNE 30, 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Tammy Fleming
Vice-President
$0
Steve Schmitt
Treasurer
$0
Edward J Gallagher III
President
$0
Billie Bailey
Executive Director
$0
Diane Poelka
Director Of Finance And Hr
$0
David Allbaugh
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $657,624
All other contributions, gifts, grants, and similar amounts not included above$865,665
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,523,289
Total Program Service Revenue$0
Investment income $387
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 $0
Miscellaneous Revenue$0
Total Revenue $1,523,676

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Grout Museum Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Boazs Harvest-Zachary Foundatoin

Waterloo, IA

PURPOSE: GENERAL OPERATING BUDGET

$1,000
View Grant Recipient Profile

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