Homer Society Of Natural History Inc
- Assets
- $2.4m
- Revenue
- $416.5k
- Investments
- $0.0
- Employees
- 17
- Location
- Homer, AK
- Founding
- 06/1965
- Data as of
- 12/2021
- EIN
- 92-6002856
Organization Overview
Homer Society Of Natural History Inc, operating under the name Pratt Museum, is located in Homer, AK. The organization was established in 1965. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Pratt Museum employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pratt 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 12/2021, Pratt Museum generated $416.5k 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 (5.3%) each year. All expenses for the organization totaled $571.0k during the year ending 12/2021. 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
THE MISSION OF THE PRATT MUSEUM IS TO STRENGTHEN RELATIONSHIPS BETWEEN PEOPLE AND PLACE THROUGH STORIES RELEVANT TO KATCHEMAK BAY. OUR VISION IS THAT ALL STORIES ARE ACKNOWLEDGED AS RELEVANT TO AN INTERDEPENDENT COMMUNITY OF PEOPLE AND PLACE. THE PRATT MUSEUM FULFILLS ITS MISSION BY FACILITATING ENGAGEMENT BETWEEN COMMUNITY MEMBERS AND STRENGTHENING UNDERSTANDINGS OF OUR SHARED PLACE. THROUGH THESE ACTIVITIES, THE UNIQUE RELATIONSHIP BETWEEN THE PEOPLE AND PLACES OF KACHEMAK BAY WILL BE SUSTAINED FAR INTO THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ALIGNMENT WITH THE PRATT MUSEUM MISSION, THE EDUCATION PROGRAM IS DEDICATED TO LIFELONG LEARNING AND PARTICIPATION IN THE UNDERSTANDING AND EXPLORATION OF THE NATURAL ENVIRONMENT AND THE HUMAN EXPERIENCE OF THE KACHEMAK BAY REGION OF ALASKA AND ITS PLACE IN THE WORLD. THE EDUCATION PROGRAM SEEKS TO INSPIRE SELF-REFLECTION AND DIALOGUE IN ITS COMMUNITY AND VISITORS THROUGH EDUCATION PROGRAMS AND INTERPRETIVE ACTIVITIES IN THE ARTS, SCIENCES, AND HUMANITIES.
THE PRATT MUSEUM'S EXHIBITS BRING OUR MISSION TO OVER 25,000 VISITORS EACH YEAR BY SHOWCASING AND PROVIDING INTERACTIVE LEARNING EXPERIENCES AROUND THE ART, NATURAL HISTORY, AND HUMAN EXPERIENCE OF THE REGION. THE MUSEUM HAS FIVE INDOOR GALLERIES PLUS SEASONAL AND PERMANENT OUTDOOR INSTALLATIONS ON ITS 9.8 ACRE SITE. APPROXIMATELY SIX ROTATING EXHIBITS ON A VARIETY OF TOPICS ARE OFFERED EACH YEAR IN THE MUSEUM'S SPECIAL EXHIBITS GALLERY.
THE PRATT MUSEUM MAINTAINS COLLECTIONS IN ITS MISSION AREAS OF THE ARTS, SCIENCES, AND HUMANITIES TO PRESERVE THESE ITEMS FOR FUTURE GENERATIONS, TO MAKE THEM AVAILABLE TO RESEARCHERS, AND TO FURTHER OUR EDUCATIONAL MISSION BY USING THEM IN EXHIBITS AND PROGRAMS.
ALL OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gibbins Executive Di | Officer | 40 | $54,831 |
Jeff Meyers President, V | OfficerTrustee | 1 | $0 |
Ahnie Litecky Vp, Presiden | OfficerTrustee | 1 | $0 |
Linda Rowell Treasurer | OfficerTrustee | 1 | $0 |
Jason Davis Secretary | OfficerTrustee | 1 | $0 |
Jessica Shepherd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,355 |
| Fundraising events | $4,998 |
| Related organizations | $0 |
| Government grants | $202,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,000 |
| Noncash contributions included in lines 1a–1f | $1,397 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,361 |
| Total Program Service Revenue | $51,720 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,112 |
| Net Income from Gaming Activities | $4,739 |
| Net Income from Sales of Inventory | -$2,303 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,025 |
| 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. | $54,831 |
| Compensation of current officers, directors, key employees. | $19,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,808 |
| Pension plan accruals and contributions | $4,310 |
| Other employee benefits | $5,004 |
| Payroll taxes | $28,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,551 |
| Advertising and promotion | $6,906 |
| Office expenses | $33,848 |
| Information technology | $6,843 |
| Royalties | $0 |
| Occupancy | $51,665 |
| Travel | $970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $515 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,246 |
| Insurance | $12,756 |
| All other expenses | $0 |
| Total functional expenses | $571,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,829 |
| Savings and temporary cash investments | $339,700 |
| Pledges and grants receivable | $34,011 |
| 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 | $13,710 |
| Prepaid expenses and deferred charges | $20,807 |
| Net Land, buildings, and equipment | $1,929,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,611 |
| Total assets | $2,379,566 |
| Accounts payable and accrued expenses | $37,470 |
| 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 | $61,770 |
| Total liabilities | $99,240 |
| Net assets without donor restrictions | $84,703 |
| Net assets with donor restrictions | $2,195,623 |
| 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 | $2,379,566 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homer Society Of Natural History Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Wynn Foundation Los Angeles, CA PURPOSE: OPERATING GRANT FOR THE PRATT MUSEUM. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whale Museum Friday Harbor, WA | $1,285,529 | $1,417,051 |
Homer Society Of Natural History Inc Homer, AK | $2,379,566 | $416,469 |
Lasting Legacy Wildlife Museum Othello, WA | $5,036,678 | $19,249 |
Northwest Discovery Project Bellingham, WA | $0 | $0 |
Wendel Museum Of Animal Conservation Vancouver, WA | $6,567,767 | $2,874 |
Friends Of Sheldon Jackson Museum Sitka, AK | $153,813 | $0 |