Clarksville-Montgomery County Museum
- Assets
- $2.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Clarksville, TN
- Founding
- 06/1983
- Data as of
- 06/2024
- EIN
- 58-1504427
Organization Overview
Clarksville-Montgomery County Museum is located in Clarksville, TN. The organization was established in 1983. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Clarksville-Montgomery County Museum employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarksville-Montgomery County 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 06/2024, Clarksville-Montgomery County Museum generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.7m during the year ending 06/2024. While expenses have increased by 5.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM PROVIDES A MEDIUM TO FURTHER THE UNDERSTANDING OF THE HISTORICAL DEVELOPMENT OF CLARKSVILLE/MONTGOMERY COUNTY AREA FROM BEGINNING TO PRESENT THROUGH EXHIBITS, DISPLAYS, SPECIAL EVENTS, ETC. CLARKSVILLE-MONTGOMERY COUNTY IS HOME TO OVER 220,000 RESIDENTS INCLUDING APPROXIMATELY 23,000 U.S. ARMY SOLDIERS AND THEIR FAMILIES.
THE MUSEUM RECEIVED DONATED USE OF BUILDING FROM THE CITY OF CLARKSVILLE, TN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Frank Lott Executive Dir. | Officer | 40 | $105,438 |
Ms Vicky Parker Office Manager | Officer | 40 | $56,670 |
Mr Larry Richardson Chairman | OfficerTrustee | 0 | $0 |
Mr Frazier Allen Treasurer | OfficerTrustee | 0 | $0 |
Ms Linda Nichols Secretary | OfficerTrustee | 0 | $0 |
Mr Dan Black Vice Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,039,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,302,461 |
| Total Program Service Revenue | $119,515 |
| Investment income | $1,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,658 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,006 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,425 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,559,024 |
| 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. | $175,536 |
| Compensation of current officers, directors, key employees. | $175,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,221 |
| Payroll taxes | $58,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $990 |
| Advertising and promotion | $35,957 |
| 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 | $1,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,873 |
| Insurance | $32,769 |
| All other expenses | $63,665 |
| Total functional expenses | $1,692,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $435,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,416 |
| Prepaid expenses and deferred charges | $54,739 |
| Net Land, buildings, and equipment | $2,085,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,607,532 |
| Accounts payable and accrued expenses | $68,614 |
| 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 | $6,461 |
| Total liabilities | $75,075 |
| Net assets without donor restrictions | $2,441,979 |
| Net assets with donor restrictions | $90,478 |
| 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 | $2,607,532 |