Avoca Museum And Historical Society
- Assets
- $878.6k
- Revenue
- $108.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Altavista, VA
- Founding
- 12/1992
- Data as of
- 06/2021
- EIN
- 54-1569294
Organization Overview
Avoca Museum And Historical Society is located in Altavista, VA. The organization was established in 1992. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avoca Museum And Historical Society 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 06/2021, Avoca Museum And Historical Society generated $108.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $98.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF LOCAL HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORICAL EDUCATION AND PRESERVATION OF HISTORICAL HOUSE, LOCAL HISTORY MUSEUM.
HISTORICAL EDUCATION AND PRESERVATION OF HISTORICAL HOUSE, LOCAL HISTORY MUSUEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Allen Treasurer | OfficerTrustee | 1 | $0 |
Kris Bell Secretary | OfficerTrustee | 2 | $0 |
Rusty Hicks Vice Preside | OfficerTrustee | 2 | $0 |
Joan Woodson President | OfficerTrustee | 2 | $0 |
Virginia Clark Director | Trustee | 1 | $0 |
Ida Compton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,745 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,747 |
| Total Program Service Revenue | $0 |
| Investment income | $4,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,521 |
| Net Gain/Loss on Asset Sales | $11,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,746 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $479 |
| Office expenses | $4,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,671 |
| 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 | $36,067 |
| Insurance | $0 |
| All other expenses | $688 |
| Total functional expenses | $98,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,638 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $449,021 |
| Investments—publicly traded securities | $385,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $878,615 |
| Accounts payable and accrued expenses | $4,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,908 |
| Net assets without donor restrictions | $866,054 |
| Net assets with donor restrictions | $7,653 |
| 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 | $878,615 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Avoca Museum And Historical Society has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Beverly W And Hampton O Powell Charitable Foundation Hardy, VA PURPOSE: GENERAL OPERATIONS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loretto Literary & Benevolent Institution Nerinx, KY | $3,723,243 | $10,897,100 |
Chinese Culture And Community Service Center Inc Gaithersburg, MD | $7,709,480 | $10,886,588 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Opera Philadelphia Philadelphia, PA | $10,821,353 | $11,047,971 |
Lehigh Valley Public Telecommunications Corp Bethlehem, PA | $43,912,817 | $9,323,671 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
American Council On The Teaching Of Foreign Languages Inc Alexandria, VA | $24,618,509 | $11,102,489 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Center For Applied Linguistics Washington, DC | $9,420,510 | $10,701,396 |