Isett Acres Museum
- Assets
- $1.0m
- Revenue
- $282.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntingdon, PA
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 55-0869745
Organization Overview
Isett Acres Museum is located in Huntingdon, PA. The organization was established in 2005. 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. Isett Acres 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 12/2022, Isett Acres Museum generated $282.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $339.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Moore Trustee | 2 | $0 | |
Judy G Isett Trustee | 40 | $0 | |
Chester P Isett Trustee | 40 | $0 | |
Gladys Collins Trustee | 40 | $10,062 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $262,313 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,292 |
| Total Revenue | $282,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,062 |
| Other employee salaries and wages | $184,922 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,050 |
| Depreciation | $12,821 |
| Occupancy | $55,177 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,597 |
| Other expenses | $49,894 |
| Total operating and administrative expenses | $339,911 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $339,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,549 |
| Savings and temporary cash investments | $0 |
| 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 | $356,756 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $622,753 |
| Other assets | $0 |
| Total assets | $1,016,058 |
| 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 | $0 |
| Other liabilities | $6,494 |
| Total liabilities | $6,494 |