African American Heritage Society Museum Inc
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$389,000.00
Projected Expenses
$202,530.00
Organizational Budgets and Other Documents
| AAHS 2023 Budget | 2023 |
| AAHS Budget | 2022 |
| AAHS Budget 2021-22 | 2021 |
| AAHS Budget | 2019 |
IRS Letter of Exemption
| AAHS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $288,707.00 | $1,270,247.00 | $77,947.00 |
| Total Expenses | $116,531.00 | $761,677.00 | $56,674.00 |
| Revenue Less Expenses | $172,176.00 | $508,570.00 | $21,273.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $0.00 | $1,198,046.00 | $614.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $288,181.00 | $71,710.00 | $77,333.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $526.00 | $491.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $116,531.00 | $761,677.00 | $56,675.00 |
| Administration Expense | $0.00 | $0.00 | $0.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 248% | 167% | 138% |
| Program Expense/Total Expenses | 100% | 100% | 100% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $288,181.00 | Contributions, Gifts, Grants $1,198,046.00 | Program Revenue $77,333.00 |
| Second Highest Funding Source & Dollar Amount | Membership Dues $526.00 | Program Revenue $71,710.00 | Contributions, Gifts, and Grants $614.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Membership Dues $491.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,476,415.00 | $1,302,121.00 | $183,551.00 |
| Current Assets | $843,615.00 | $669,321.00 | $160,751.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $1,476,415.00 | $1,302,121.00 | $183,551.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
| AAHS Form 990 | 2022 |
| AAHS Form 990 | 2021 |
| AAHS Form 990 | 2020 |
| AAHS Form 990 | 2019 |
| AAHS Form 990 | 2018 |
| AAHS Form 990 | 2017 |
| AAHS Form 990 | 2016 |
| AAHS Form 990 | 2015 |
Audit Documents
| 2021 Audit | 2021 |
Foundation Staff Comments
| Financials taken from Form 990. Financials prepared by Humpres and Associates, P.C. Comments provided by Hayley Sulfridge 7/17/23. |
