Brunswick-Potomac Foundation Inc is located in Brunswick, MD. The organization was established in 1978. According to its NTEE Classification (A54) the organization is classified as: History 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. Brunswick-Potomac Foundation 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 12/2023, Brunswick-Potomac Foundation Inc generated $94.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $71.6k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OPERATING A FREE OF CHARGE MUSEUM TO EDUCATE THE PUBLIC ON THE HISTORY OF THE CITY OF BRUNSWICK WITH A SPECIAL EMPHASIS ON THE B&O RAILROADS TO CITY'S ESTABLISHMENT. ENCOURAGED TOURISM TO SUPPORT BRUNSWICK'S ECONOMIC DEVELOPMENT. STARTED MAJOR FACADE RESTORATION PROJECT ON MUSEUM BUILDING.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Kloetzli Vice President | 4 | $0 | |
James Castle President | 10 | $0 | |
Tom Simpson Director | 5 | $0 | |
Jackie Ebersole Director | 1 | $0 | |
Kevin Gordon Director | 4 | $0 | |
Dan Bonesteel Director | 4 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,040 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,000 |
| Total Revenue | $94,799 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $39,571 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,044 |
| Total expenses | $71,615 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,584 |
| Other assets | $0 |
| Total assets | $306,584 |
| Total liabilities | $40,000 |
| Net assets or fund balances | $266,584 |