The Museum Store Association Inc
- Assets
- $760.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 10/1977
- Data as of
- 12/2019
- EIN
- 52-6044269
Organization Overview
The Museum Store Association Inc is located in Greenwood Village, CO. The organization was established in 1977. 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 a parent organization of an affiliated group for tax-exemption purposes. Museum Store Association 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 12/2019, Museum Store Association Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $972.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ADVANCE THE NONPROFIT RETAIL INDUSTRY AND THE SUCCESS OF THE PROFESSIONALS ENGAGED IN IT. BY ENCOURAGING HIGH STANDARDS OF KNOWLEDGE AND PROFESSIONALISM, MSA HELPS NONPROFIT RETAIL PROFESSIONALS BETTER SERVE THEIR INSTITUTIONS AND THE PUBLIC. MSA ALSO SEEKS TO DO THE FOLLOWING: CREATE NEW INITIATIVES TO ADVANCE MSA; DEVELOP ESSENTIAL, RELEVANT AND ENGAGING PROGRAMMING THAT INCLUDES PROFESSIONALIZED PROGRAMMING OVERALL, ADVANCED SESSIONS SCALED FOR ALL LEVELS OF ATTENDEES, CONTENT FOR YOUNGER MEMBERS ON APPROPRIATE PLATFORMS, AND ASSESSING A PATHWAY TO MEANINGFUL CREDENTIALING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM STORE ASSOCIATION (MSA) HOSTS AN ANNUAL CONFERENCE TO EDUCATE MEMBERS HOW TO MAXIMIZE EFFICIENCY OF THEIR NON-PROFIT RETAIL STORES.
MUSEUM STORE ASSOCIATION PUBLICATIONS ISSUES THREE PUBLICATIONS, AN ANNUAL MEMBERSHIP DIRECTORY, A TRIANNUAL MAGAZINE, AND AN ON-SITE PROGRAM AT THE ANNUAL CONFERENCE. THE PUBLICATIONS ARE DESIGNED TO BRING IDEAS AND METHODS TO HELP STORE OPERATORS AND EMPLOYEES IMPROVE THEIR STORES.
MUSEUM STORE SUNDAY IS AN ANNUAL EVENT THAT HIGHLIGHTS THE IMPORTANCE OF NONPROFIT RETAIL STORES AND THE CULTURAL INSTITUIONS THEY SUPPORT, AND THAT SEEKS TO INCREASE PATRONAGE OF THOSE STORES ON MUSEUM STORE SUNDAY, THE SUNDAY AFTER THANKSGIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blue Anderson Vice President | OfficerTrustee | 5 | $0 |
Susan Tudor President | OfficerTrustee | 5 | $0 |
Karen Mcneely Vice President | OfficerTrustee | 5 | $0 |
Chacho Herman Treasurer | OfficerTrustee | 5 | $0 |
Cathy Nagle-Ervin Secretary | OfficerTrustee | 5 | $0 |
Elizabeth Price Executive Dir. | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fernley & Fernley Inc Mgt Incl. Exec. Dir. Comp | 12/30/18 | $202,358 |
Smithbucklin Corporation Mgt Incl. Exec. Dir. Comp | 12/30/18 | $124,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,242 |
| Total Program Service Revenue | $1,052,858 |
| Investment income | $70 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,592 |
| 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 | $1,068,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $257,525 |
| Fees for services: Legal | $12,187 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,601 |
| Advertising and promotion | $28,083 |
| Office expenses | $64,605 |
| Information technology | $15,541 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $34,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $265,130 |
| Interest | $150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,884 |
| All other expenses | $0 |
| Total functional expenses | $972,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $76,718 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,311 |
| Total assets | $760,236 |
| Accounts payable and accrued expenses | $92,825 |
| Grants payable | $0 |
| Deferred revenue | $696,356 |
| 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 | $789,181 |
| Net assets without donor restrictions | -$40,911 |
| Net assets with donor restrictions | $11,966 |
| 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 | $760,236 |
Endowment Analysis
| Beg. Balance | $1,335 |
| Ending Balance | $1,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
National Museum Of Wildlife Art Of The United States Jackson, WY | $41,741,861 | $4,638,003 |
The Leonardo Salt Lake City, UT | $1,888,403 | $4,555,150 |