Sumner County Museum, Inc.
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$166,175.00
Projected Expenses
$159,557.00
Organizational Budgets and Other Documents
| 2023 Budget | 2023 |
| 2021 Budget | 2021 |
| 2020 Budget | 2020 |
| 2019 Budget | 2019 |
IRS Letter of Exemption
| sumner county museum irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $144,301.00 | $121,444.00 | $64,408.00 |
| Total Expenses | $158,510.00 | $90,110.00 | $71,318.00 |
| Revenue Less Expenses | ($14,209.00) | $31,334.00 | ($6,910.00) |
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 | $33,250.00 | $30,000.00 | $17,500.00 |
| Contributions, Gifts, and Grants | $2,156.00 | $32,762.00 | $16,445.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $52,470.00 | $28,865.00 | $23,657.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $147.00 |
| Membership Dues | $27,250.00 | $7,675.00 | $5,040.00 |
| Special Events | $18,764.00 | $14,032.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $10,411.00 | $8,110.00 | $1,619.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $158,510.00 | $90,110.00 | $71,318.00 |
| Administration Expense | $0.00 | $0.00 | $0.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 91% | 135% | 90% |
| 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 $52,470.00 | Contributions, Gifts, and Grants $32,762.00 | Program Revenue $23,657.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $33,250.00 | Government Grants $30,000.00 | Government Grants $17,500.00 |
| Third Highest Funding Source & Dollar Amount | Membership Dues $27,250.00 | Program Revenue $28,865.00 | Contributions, Gifts, and Grants $16,445.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $692,168.00 | $702,913.00 | $671,781.00 |
| Current Assets | $96,608.00 | $107,353.00 | $76,221.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $4,560.00 | $1,096.00 | $1,298.00 |
| Total Net Assets | $687,608.00 | $701,817.00 | $671,781.00 |
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
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 2022 Form 990 Part I | 2022 |
| 2022 Form 990 Part II | 2022 |
| 2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| 2019 990 | 2019 |
| 2018 Form 990 | 2018 |
| 2017 Form 990 | 2017 |
| 2016 Form 990 | 2016 |
| 2015 Form 990 | 2015 |
| 2014 Form 990 | 2014 |
Audit Documents
| 2018 Financial Statement | 2018 |
| 2017 Review | 2017 |
Foundation Staff Comments
| Financial figures taken from the Form 990. Form 990 was prepared by John P. Young, PC. Comment provided by Hayley Sulfridge 8/23/23. |
