Reynolda House Inc
- Assets
- $41.9m
- Revenue
- $3.5m
- Investments
- $29.9m
- Employees
- 92
- Location
- Winston Salem, NC
- Founding
- 03/1965
- Data as of
- 06/2020
- EIN
- 56-0810676
Organization Overview
Reynolda House Inc, operating under the name See Schedule O, is located in Winston Salem, NC. The organization was established in 1965. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, See Schedule O employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 06/2020, See Schedule O generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.4m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
REYNOLDA HOUSE OPERATES AS A MUSEUM DEDICATED TO THE PRESERVATION AND INTERPRETATION OF AN AMERICAN COUNTRY HOME AND A PREMIER COLLECTION OF AMERICAN ART. THROUGH ITS MISSION OF PROVIDING INNOVATIVE PUBLIC PROGRAMS AND EXHIBITIONS, THE MUSEUM OFFERS A DEEPER UNDERSTANDING OF AMERICAN CULTURE TO DIVERSE AUDIENCES AND INSPIRES THOSE WHO EXPERIENCE REYNOLDA HOUSE TO LEARN, IMAGINE, AND FIND MEANING IN THE ART COLLECTIONS AND HISTORIC SITE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A HISTORIC HOUSE AND AMERICAN ART MUSEUM, INCLUDING INTERPRETATION, PRESERVATION, AND EDUCATION. THE MUSEUM OFFERS CHANGING EXHIBITIONS IN ITS 2,789 SQUARE FOOT EXHIBITION GALLERY. EDUCATION PROGRAMS INCLUDE LECTURES, TOURS, PLAYS, COURSES, GALLERY TALKS, SYMPOSIA, SUMMER CAMPS, ETC. THE MUSEUM HOSTED APPROXIMATELY 16,568 VISITORS DURING THE YEAR. DUE TO THE PANDEMIC, REYNOLDA HOUSE CLOSED THE MUSEUM TO THE PUBLIC ON MARCH 13TH, 2020 AND REMAINED CLOSED THROUGH THE END OF SEPTEMBER 2020. DURING THIS TIME, THE MUSEUM TRANSITIONED TO OFFER ONLINE SUMMER CAMPS AND FALL PROGRAMS. THE MUSEUM LATER REOPENED TO THE PUBLIC IN OCTOBER 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim S Hampton Director Of | Officer | 40 | $109,451 |
T David Neill President/di | OfficerTrustee | 5 | $0 |
Dianne N Blixt Vice Pres./d | OfficerTrustee | 2.5 | $0 |
Anna Warburton Munroe Secretary/di | OfficerTrustee | 2.5 | $0 |
John C Fox Treasurer/di | OfficerTrustee | 2.5 | $0 |
Nathan O Hatch President Of | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brooklyn Museum Exhibit Loan Fee & Shipping Fees | 6/29/18 | $280,000 |
Apac- Atlantic Inc Repaving Rh Driveway And Parking Lots | 6/29/18 | $185,055 |
Resource Painting Painting Exterior Of Historic House | 6/29/18 | $144,445 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,960,761 |
| Investment income | $230,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $119 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,990 |
| Net Income from Fundraising Events | -$65,435 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,844 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,493,024 |
| Statement of Expenses | |
|---|---|
| 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. | $424,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,666,012 |
| Pension plan accruals and contributions | $95,694 |
| Other employee benefits | $167,880 |
| Payroll taxes | $86,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $270,016 |
| Fees for services: Other | $77,538 |
| Advertising and promotion | $97,943 |
| Office expenses | $146,102 |
| Information technology | $71,270 |
| Royalties | $2,636 |
| Occupancy | $427,687 |
| Travel | $39,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,935 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $572,552 |
| Insurance | $54,586 |
| All other expenses | $0 |
| Total functional expenses | $4,406,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $2,985,999 |
| Pledges and grants receivable | $155,901 |
| Accounts receivable, net | $15,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,410 |
| Prepaid expenses and deferred charges | $87,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,909,108 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,170 |
| Total assets | $41,896,751 |
| Accounts payable and accrued expenses | $97,847 |
| Grants payable | $0 |
| Deferred revenue | $180,845 |
| 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 | $96,091 |
| Total liabilities | $374,783 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $41,521,968 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Reynolda House Inc has recieved totaling $163,759.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 84 GRANT(S) FOR VARYING PURPOSES | $133,759 |
Twin City Development Foundation Winstonsalem, NC PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $10,000 |
Endowment Analysis
| Beg. Balance | $29,909,108 |
| Earnings | $9,326,752 |
| Admin Expense | $240,610 |
| Net Contributions | $525,000 |
| Other Expense | $1,737,186 |
| Ending Balance | $37,783,064 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
Mint Museum Of Art Inc Charlotte, NC | $80,854,701 | $6,923,462 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |
Columbia Museum Of Art Columbia, SC | $10,316,216 | $4,304,789 |
The Columbus Museum Inc Columbus, GA | $52,804,337 | $14,324,674 |
Knoxville Museum Of Art Knoxville, TN | $12,196,877 | $3,220,850 |