South Carolina State Museum Foundation
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 09/1981
- Data as of
- 06/2022
- EIN
- 57-0713243
Organization Overview
South Carolina State Museum Foundation is located in Columbia, SC. The organization was established in 1981. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. South Carolina State Museum Foundation 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 06/2022, South Carolina State Museum Foundation generated $1.1m 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 (10.3%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
TO SUPPORT AND PROMOTE THE PURPOSE OF THE SOUTH CAROLINA STATE MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBIT COSTS FOR THE SOUTH CAROLINA STATE MUSEUM AND MEMBERSHIP AND OTHER SERVICES FOR THE SOUTH CAROLINA STATE MUSEUM FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Quattlebaum Board Chair | OfficerTrustee | 2 | $0 |
Deedee Rowe Immediate Past Chair | OfficerTrustee | 2 | $0 |
Rita Caughman Board Chair Elect | OfficerTrustee | 2 | $0 |
Rob Quell Secretary/audit Committe | Trustee | 2 | $0 |
Ann Holtschlag Events Committee Chair | Trustee | 2 | $0 |
Sam Johnson Advocacy/awareness Committee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $265,972 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $530,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $796,717 |
| Total Program Service Revenue | $51,566 |
| Investment income | $96,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $183,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,756 |
| 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 | $41,166 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,734 |
| Office expenses | $208,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,130 |
| All other expenses | $24,778 |
| Total functional expenses | $1,361,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $20,041 |
| 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 | $6,886 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,362,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,037,593 |
| Accounts payable and accrued expenses | $137,632 |
| Grants payable | $0 |
| Deferred revenue | $142,889 |
| 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 | $280,521 |
| Net assets without donor restrictions | $906,783 |
| Net assets with donor restrictions | $2,850,289 |
| 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 | $4,037,593 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that South Carolina State Museum Foundation has recieved totaling $63,661.
| Awarding Organization | Amount |
|---|---|
Dorothy D Smith Charitable Foundation Columbia, SC PURPOSE: GENERAL FUND | $50,000 |
Lillian S Smith Foundation Columbia, SC PURPOSE: GENERAL USE | $10,000 |
Douglas & Tonyia Bolton Family Foundation Inc Hilton Head Island, SC PURPOSE: CHARITABLE | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,050 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $225 |
Endowment Analysis
| Beg. Balance | $213,144 |
| Earnings | $6,576 |
| Other Expense | $32,181 |
| Ending Balance | $187,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Museum Of Art Foundation Inc Raleigh, NC | $80,876,506 | $13,828,837 |
Marbles Kids Museum Raleigh, NC | $8,790,326 | $3,967,863 |
Friends Of Nc State Museum Of Natural Sciences Raleigh, NC | $9,967,287 | $3,956,524 |
Medal Of Honor Foundation Inc Mt Pleasant, SC | $10,060,291 | $4,482,883 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Cccd Foundation Asheville, NC | $13,541,355 | $324,970 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |
South Carolina State Museum Foundation Columbia, SC | $4,037,593 | $1,128,680 |
Thomas S Kenan Institute For The Arts Supporting Organization Winstonsalem, NC | $1,480,348 | $2,789,329 |
North Carolina Symphony Foundation Raleigh, NC | $16,993,158 | $1,631,710 |
Georgia Sports Hall Of Fame Foundation Inc Macon, GA | $910,814 | $883,613 |
Public Radio East Foundation New Bern, NC | $216,265 | $645,739 |