The Durham Museum
- Assets
- $15.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 97
- Location
- Omaha, NE
- Founding
- 04/1974
- Data as of
- 12/2023
- EIN
- 47-0556061
Organization Overview
The Durham Museum is located in Omaha, NE. The organization was established in 1974. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Durham Museum employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham 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, Durham Museum generated $5.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 1.1% 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
PROVIDE RELEVANT EDUCATIONAL AND ENTERTAINING OPPORTUNITIES WITHIN THE REGION THAT EXCEED CUSTOMER EXPECTATIONS, WHILE PRESERVING OUR COMMUNITY'S VIBRANT CULTURAL HISTORY.
Describe the Organization's Program Activity:
HISTORICAL BUILDING MAINTENANCE: MAINTAINED AND CARED FOR THE MUSEUM'S BUILDING. THE BUILDING IS A NATIONAL HISTORICAL LANDMARK.
COLLECTIONS AND ARCHIVAL PHOTOGRAPY: MAINTAINED RECORDS AND CARED FOR THE MUSEUM'S COLLECTION OF 52,858 HISTORIC ARTIFACTS AND ASSISTED IN HISTORIC RESEARCH OF THESE ARTIFACTS. CARED FOR 343,076 PHOTOS AND NEGATIVES OF HISTORIC VALUE. EVENTS: PROVIDE COMMUNITY EVENTS RELATING TO THE MUSEUM, ITS COLLECTIONS, AND EXHIBITS.
EXHIBITS: BUILT AND DISPLAYED 4 MAJOR EXHIBITIONS FOR 260,480 VISITORS AND FACILITY RENTALS.
EDUCATION: PROVIDED 24,127 PEOPLE WITH GUIDED TOURS OF THE MUSEUM FACILITIES AND PROGRAMS RELATED TO HISTORY. ALSO PROVIDED PROGRAMMING TO 37,913 PEOPLE VIRTUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Boyer Chairman | OfficerTrustee | 1 | $0 |
John Nelson Board Member | Trustee | 1 | $0 |
Joe Lempka Board Member | Trustee | 1 | $0 |
Bradley Knuth Board Member | Trustee | 1 | $0 |
Todd Foje Board Member | Trustee | 1 | $0 |
Scott Moore Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evergreen Architectural Art Mural Restoration | 12/30/23 | $600,479 |
Kiewit Building Group Inc Construction Management | 12/30/23 | $450,267 |
Gallagher & Associates Master Plan Consultation | 12/30/23 | $127,684 |
Performance Foodservice Food Services | 12/30/23 | $105,611 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $208,460 |
| Related organizations | $1,558,789 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,951,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,718,257 |
| Total Program Service Revenue | $1,757,516 |
| Investment income | $147,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,425 |
| Net Rental Income | $177,431 |
| Net Gain/Loss on Asset Sales | -$64,531 |
| Net Income from Fundraising Events | -$41,128 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$19,707 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,711,148 |
| 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. | $315,500 |
| Compensation of current officers, directors, key employees. | $315,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,727,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,291 |
| Payroll taxes | $153,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,752 |
| Fees for services: Other | $0 |
| Advertising and promotion | $208,543 |
| Office expenses | $346,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $261,006 |
| 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 | $1,024,679 |
| Insurance | $76,079 |
| All other expenses | $53,999 |
| Total functional expenses | $5,506,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,964,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $846,538 |
| Accounts receivable, net | $88,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,138 |
| Prepaid expenses and deferred charges | $202,062 |
| Net Land, buildings, and equipment | $7,464,934 |
| Investments—publicly traded securities | $3,664,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,282,094 |
| Accounts payable and accrued expenses | $547,145 |
| Grants payable | $0 |
| Deferred revenue | $333,933 |
| 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 | $881,078 |
| Net assets without donor restrictions | $11,633,309 |
| Net assets with donor restrictions | $2,767,707 |
| 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 | $15,282,094 |