Museum Of The Cherokee Indian
- Assets
- $6.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 50
- Location
- Cherokee, NC
- Founding
- 03/1970
- Data as of
- 12/2022
- EIN
- 56-0944327
Organization Overview
Museum Of The Cherokee Indian is located in Cherokee, NC. The organization was established in 1970. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Museum Of The Cherokee Indian employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of The Cherokee Indian 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, Museum Of The Cherokee Indian generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF THE HISTORY, CULTURE, AND HERITAGE OF THE CHEROKEE INDIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
** SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Junaluska Director | Trustee | 1 | $0 |
Perry Shell Director | Trustee | 1 | $0 |
Louise Reed Director | Trustee | 1 | $0 |
Samantha Ferguson President | OfficerTrustee | 1 | $0 |
Anita Welch Lossiah Secretary | OfficerTrustee | 1 | $0 |
Cory Blankenship Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $833 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $571,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,649 |
| Total Program Service Revenue | $849,785 |
| Investment income | $14,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $155,875 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,619,931 |
| 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 | $1,104,033 |
| Pension plan accruals and contributions | $41,998 |
| Other employee benefits | $171,504 |
| Payroll taxes | $90,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,455 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,998 |
| Office expenses | $9,799 |
| Information technology | $62,430 |
| Royalties | $0 |
| Occupancy | $133,888 |
| Travel | $94,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,486 |
| Insurance | $53,923 |
| All other expenses | $149,007 |
| Total functional expenses | $2,499,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,700 |
| Savings and temporary cash investments | $1,113,463 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $252,883 |
| Prepaid expenses and deferred charges | $23,281 |
| Net Land, buildings, and equipment | $2,205,421 |
| Investments—publicly traded securities | $859,128 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,207,505 |
| Total assets | $6,374,483 |
| Accounts payable and accrued expenses | $30,713 |
| 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 | $516,557 |
| Total liabilities | $547,270 |
| Net assets without donor restrictions | $4,558,009 |
| Net assets with donor restrictions | $1,269,204 |
| 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 | $6,374,483 |