The Museum Association Inc
- Assets
- $826.1k
- Revenue
- $492.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 07/1976
- Data as of
- 12/2021
- EIN
- 57-0358146
Organization Overview
The Museum Association Inc is located in Greenville, SC. The organization was established in 1976. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Museum 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 12/2021, Museum Association Inc generated $492.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $467.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 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
ASSIST THE GREENVILLE COUNTY MUSEUM OF ART IN PROMOTING FINE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST GREENVILLE COUNTY MUSUEM OF ART IN COLLECTING SIGNIFICANT OBJECTS OF ART BY CONTRIBUTING FUNDS SPECIFICALLY FOR PURCHASING CERTAIN ART OBJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Lewis Vice Preside | OfficerTrustee | $0 | |
Michelle Seaver President | OfficerTrustee | $0 | |
Martha Mckissick VP Of Financ | OfficerTrustee | $0 | |
Terry Grayson-Caprio Board Member | Trustee | $0 | |
Falls L Harris Board Member | Trustee | $0 | |
Mike Redmon Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,800 |
| Fundraising events | $445,367 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,842 |
| Total Program Service Revenue | $0 |
| Investment income | $30,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $492,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $459,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,900 |
| All other expenses | $0 |
| Total functional expenses | $467,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,069 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $751,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $826,062 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $326,062 |
| Net assets with donor restrictions | $500,000 |
| 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 | $826,062 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Museum Association Inc has recieved totaling $59,908.
| Awarding Organization | Amount |
|---|---|
Metropolitan Arts Council Greenville, SC PURPOSE: OPERATING GRANT | $20,000 |
Bill And Connie Timmons Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $19,908 |
Simpson Foundation Detroit, MI PURPOSE: SUPPORT OF DAILY OPERATIONS | $15,000 |
Ellison S Mckissick Jr & Noel P Mckissick Foundation Greenville, SC PURPOSE: TO FURTHER THE EXEMPT PURPOSES OF THE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |
Grsp Foundation Savannah, GA | $15,605,177 | $1,060,324 |
The Museum Association Inc Greenville, SC | $826,062 | $492,924 |
Friends With Benefits Fund Augusta, GA | $3,687 | $377,157 |
Lambert Allied Stampede Support Organization Cumming, GA | $25,630 | $357,814 |
Foundation For The Mint Museum Charlotte, NC | $17,249,448 | $2,001,692 |