Allegany Museum Inc
- Assets
- $2.3m
- Revenue
- $319.7k
- Investments
- $284.2k
- Employees
- 0
- Location
- Cumberland, MD
- Founding
- 05/1984
- Data as of
- 12/2023
- EIN
- 52-1316124
Organization Overview
Allegany Museum Inc is located in Cumberland, MD. The organization was established in 1984. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegany 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 12/2023, Allegany Museum Inc generated $319.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $285.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A MUSEUM THAT COLLECTS THE MATERIAL CULTURE OF THE PEOPLE, PAST AND PRESENT, OF THE ALLEGANY REGION FOR THE BENEFIT OF PRESENT AND FUTURE GENERATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Robinette Director | 0 | $0 | |
Courtney Mckay-Jensen Director | 0 | $0 | |
Mike Fetchero Treasurer | 0 | $0 | |
John Deniker Secretary | 0 | $0 | |
James Troy Thomas Director | 0 | $0 | |
Ann Townsell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $209,777 |
| Interest on Savings | $51 |
| Dividends & Interest | $4,929 |
| Net Rental Income | $6,256 |
| Net Gain on Sale of Assets | $1,056 |
| Capital Gain Net Income | $1,056 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $319,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,493 |
| Taxes | $5,392 |
| Depreciation | $82,876 |
| Occupancy | $74,057 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,302 |
| Total operating and administrative expenses | $285,881 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $285,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,684 |
| Savings and temporary cash investments | $3,304 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $284,204 |
| Net Land, buildings, and equipment | $1,855,427 |
| Other assets | $0 |
| Total assets | $2,343,619 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $27,038 |
| Other liabilities | $1,150 |
| Total liabilities | $28,188 |
Grants Awarded
Over the last fiscal year, Allegany Museum Inc has awarded $4,006 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CUMBERLAND THEATRE PURPOSE: ASSISTANCE | $1,250 |
ALLEGANY COUNTY BOARD OF EDUCATION PURPOSE: EDUCATIONAL PURPOSES | $2,756 |