National Ornamental Metal Museum Inc
- Assets
- $19.2m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Memphis, TN
- Founding
- 07/1979
- Data as of
- 06/2022
- EIN
- 62-1066198
Organization Overview
National Ornamental Metal Museum Inc is located in Memphis, TN. The organization was established in 1979. 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 06/2022, National Ornamental Metal Museum Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Ornamental Metal Museum 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 06/2022, National Ornamental Metal Museum Inc generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.0% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND ADVANCE THE ART AND CRAFT OF FINE METALWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PUBLIC MUSEUM TO DISPLAY AND TEACH THE HISTORY AND ACHIEVEMENTS OF ORNAMENTAL METAL MANUFACTURERS AND ARTISANS. THE MUSEUM BENEFITTED APPROXIMATELY 30,000 GUESTS IN FISCAL YEAR 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Galphin Treasurer | OfficerTrustee | $0 | |
Bryan K Smith President | OfficerTrustee | $0 | |
Carissa Hussong Executive Di | Officer | $0 | |
Richard Aycock Vice Preside | Trustee | $0 | |
John Medwedeff Trustee | Trustee | $0 | |
Porsche Stevens Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,813 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,670,880 |
| Noncash contributions included in lines 1a–1f | $34,059 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,749,353 |
| Total Program Service Revenue | $298,916 |
| Investment income | $200,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,465 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $108,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $94,041 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,707,423 |
| 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 | $952,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $182,467 |
| 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 | $26,928 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,314 |
| Office expenses | $35,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,836 |
| 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 | $62,228 |
| Insurance | $31,527 |
| All other expenses | $188,391 |
| Total functional expenses | $1,729,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,474 |
| Savings and temporary cash investments | $272,132 |
| Pledges and grants receivable | $13,902,038 |
| Accounts receivable, net | $24 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,536 |
| Prepaid expenses and deferred charges | $13,334 |
| Net Land, buildings, and equipment | $2,495,323 |
| Investments—publicly traded securities | $2,125,148 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,710 |
| Total assets | $19,212,719 |
| Accounts payable and accrued expenses | $236,942 |
| 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 | $17,852 |
| Total liabilities | $254,794 |
| Net assets without donor restrictions | $4,992,359 |
| Net assets with donor restrictions | $13,965,566 |
| 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 | $19,212,719 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that National Ornamental Metal Museum Inc has recieved totaling $1,130,083.
| Awarding Organization | Amount |
|---|---|
J R Hyde Iii Foundation Memphis, TN PURPOSE: SUPPORT FOR THE CAPITAL CAMPAIGN AND GENERAL OPERATIONS | $290,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $151,083 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO SUPPORT NATIONAL ORNAMENTAL MUSEUM IN MEMPHIS TENNESSE | $150,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO SUPPORT NATIONAL ORNAMENTAL MUSEUM IN MEMPHIS TENNESSE | $150,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO SUPPORT NATIONAL ORNAMENTAL MUSEUM IN MEMPHIS TENNESSE | $121,227 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT, ENHANCEMENT, & RECOVERY | $118,000 |
Endowment Analysis
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 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
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 |
Mississippi Museum Of Art Inc Jackson, MS | $2,798,163 | $5,472,334 |
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 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |