Penny Lane Beatles Museum Inc
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Dunedin, FL
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-1896322
Organization Overview
Penny Lane Beatles Museum Inc is located in Dunedin, FL. The organization was established in 2019. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Penny Lane Beatles 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 12/2021, Penny Lane Beatles Museum Inc generated $1.9m in total revenue. All expenses for the organization totaled $36.7k during the year ending 12/2021. While expenses have increased by 51.9% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE, BUY, SELL, COLLECT, CONSERVE, LEND AND DISPLAY BEATLES MEMORABILIA AND OTHER RELATED MATERIALS, INCLUDING BUT NOT LIMITED TO THE OWNERSHIP AND OPERATION OF A MUSEUM OR OTHER EXHIBITS, ORGANIZATION OF TRAVELING EXHIBITS AND OTHER PROMOTIONAL ACTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE, BUY, SELL, COLLECT, CONSERVE, LEND AND DISPLAY BEATLES MEMORABILIA AND OTHER RELATED MATERIALS, INCLUDING BUT NOT LIMITED TO THE OWNERSHIP AND OPERATION OF A MUSEUM OR OTHER EXHIBITS, ORGANIZATION OF TRAVELING EXHIBITS AND OTHER PROMOTIONAL ACTIVITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin J Bissett Secretary | OfficerTrustee | 1 | $4,210 |
Robert J Entel Chair | OfficerTrustee | 1 | $0 |
Irwin L Entel Treasurer | OfficerTrustee | 1 | $0 |
John Freeborn Director | Trustee | 1 | $0 |
Nancy Ridenour Director | Trustee | 1 | $0 |
Susan Benjamin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,871,446 |
| Noncash contributions included in lines 1a–1f | $1,831,672 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,871,446 |
| Total Program Service Revenue | $0 |
| Investment income | $3,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,141 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,888,604 |
| 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. | $4,210 |
| Compensation of current officers, directors, key employees. | $2,105 |
| 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 | $2,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,468 |
| Fees for services: Other | $11,118 |
| Advertising and promotion | $1,166 |
| Office expenses | $1,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,725 |
| 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 | $604 |
| All other expenses | $0 |
| Total functional expenses | $36,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,804 |
| Savings and temporary cash investments | $1,655,697 |
| 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 | $2,933 |
| Prepaid expenses and deferred charges | $825 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $449,600 |
| Total assets | $2,174,859 |
| Accounts payable and accrued expenses | $173 |
| 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 | $173 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,174,686 |
| Total liabilities and net assets/fund balances | $2,174,859 |
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