Lace Museum Inc
- Assets
- $918.8k
- Revenue
- $155.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 94-2776031
Organization Overview
Lace Museum Inc is located in Sunnyvale, CA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lace 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, Lace Museum Inc generated $155.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $143.2k 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 PRESERVATION AND DISPLAY OF LACE AND LACE MAKING TOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO EDUCATE THE PUBLIC ABOUT THE HISTORY OF LACE AND LACE-MAKING ALONG WITH PRESENTING CURRENT TRENDS IN THE ART. THIS IS ACCOMPLISHED BY PRESERVING AND DISPLAYING LACE AND LACE-MAKING TOOLS, BY OFFERING CLASSES IN LACE-MAKING, THROUGH THE MUSEUM'S WEBSITE, CALENDAR AND IT'S NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Alger Chairman | OfficerTrustee | 15 | $0 |
Kim Davis Secretary/cfo | OfficerTrustee | 30 | $0 |
Eleanore Schwartz Board Member | Trustee | 15 | $0 |
Paula Harten Board Member | Trustee | 3 | $0 |
Florence Bass Board Member | Trustee | 15 | $0 |
Teresa Mize Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $52 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,830 |
| Noncash contributions included in lines 1a–1f | $11,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,882 |
| Total Program Service Revenue | $91,305 |
| Investment income | $5,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,987 |
| 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 | $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 | $6,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $524 |
| Office expenses | $784 |
| Information technology | $808 |
| Royalties | $0 |
| Occupancy | $54,018 |
| 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 | -$30 |
| All other expenses | $2,537 |
| Total functional expenses | $143,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,677 |
| Savings and temporary cash investments | $35,467 |
| 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 | $72,753 |
| Prepaid expenses and deferred charges | $2,500 |
| Net Land, buildings, and equipment | $19,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $164,045 |
| Intangible assets | $0 |
| Other assets | $565,260 |
| Total assets | $918,803 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $918,803 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $918,803 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lace Museum Inc has recieved totaling $194.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Henry E Huntington Library & Art Gallery San Marino, CA | $965,906,123 | $108,580,757 |
Simon Wiesenthal Center Inc Los Angeles, CA | $83,162,323 | $27,772,617 |
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Computer History Museum Mountain View, CA | $71,401,475 | $10,596,016 |
Bishop Museum Honolulu, HI | $80,582,452 | $14,106,624 |
Foundation Of The American Academy Of Ophthalmology San Francisco, CA | $169,457,779 | $13,944,505 |
Walt Disney Family Museum San Francisco, CA | $56,560,090 | $13,004,601 |
Contemporary Jewish Museum San Francisco, CA | $89,973,935 | $6,215,554 |
Wjo Foundation Los Angeles, CA | $40,838,683 | $19,917,813 |
Council On American-Islamic Relations California Anaheim, CA | $15,557,872 | $7,778,802 |
Pacific Battleship Center San Pedro, CA | $7,123,238 | $6,518,959 |
Swc Museum Corp Los Angeles, CA | $185,291,567 | $7,296,634 |