Form 990 for tax year 2023
Filed by OCEAN ISLE MUSEUM FOUNDATION INC.
Totals
- Total revenue
- $789,424
- Total expenses
- $641,945
- Contributions and grants received
- $250,945
- Grants paid
- $0
- Program service revenue
- $405,811
- Investment income
- $1,667
- Other revenue
- $131,001
- Total assets, end of year
- $2,840,758
- Total liabilities, end of year
- $6,983
- Net assets or fund balances, end of year
- $2,833,775
- Program services expenses (Part IX)
- $475,247
- Management and general expenses
- $147,581
- Fundraising expenses
- $19,117
- Program service expenses (Part III)
- $475,247
Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$46,370
-
1e · Government grants (contributions)
$39,573
-
1f · All other contributions, gifts and grants
$165,002
-
2a · Program service revenue: ADMISSIONS
total $359,483 · related or exempt $359,483
-
2b · Program service revenue: SCHOOL GROUP REVENUE
total $40,134 · related or exempt $40,134
-
2c · Program service revenue: PROGRAM INCOME
total $6,194 · related or exempt $6,194
-
3 · Investment income
total $1,667 · excluded $1,667
-
6a · Gross rents
real property $5,477
-
6c · Rental income or loss
real property $5,477
-
6d · Net rental income or loss
total $5,477 · related or exempt $5,477
-
8a · Fundraising events: gross income
$113,023
-
8b · Fundraising events: direct expenses
$69,583
-
8c · Net income from fundraising events
total $43,440
-
10a · Gross sales of inventory
$130,864
-
10b · Cost of goods sold
$53,077
-
10c · Net income from sales of inventory
total $77,787 · related or exempt $77,787
-
11a · Other revenue: HURRICANE SIMULATOR
total $2,725 · related or exempt $2,725
-
11b · Other revenue: MISCELLANEOUS INCOME
total $1,572 · related or exempt $1,572
-
11e · Other revenue, total
$4,297
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $81,820 · program services $40,910 · management and general $40,910
-
7 · Other salaries and wages
total $201,913 · program services $181,722 · management and general $20,191
-
8 · Pension plan contributions
total $2,455 · program services $2,209 · management and general $246
-
9 · Other employee benefits
total $1,790 · program services $1,790
-
10 · Payroll taxes
total $20,991 · program services $18,892 · management and general $2,099
-
11c · Fees: accounting
total $950 · management and general $950
-
11g · Fees: other
total $16,437 · program services $25 · fundraising $16,412
-
12 · Advertising and promotion
total $43,405 · program services $43,405
-
13 · Office expenses
total $30,927 · program services $17,017 · management and general $13,910
-
14 · Information technology
total $6,881 · program services $3,440 · management and general $3,441
-
15 · Royalties
total $2,705 · fundraising $2,705
-
16 · Occupancy
total $94,773 · program services $47,386 · management and general $47,387
-
17 · Travel
total $3,425 · program services $1,712 · management and general $1,713
-
19 · Conferences, conventions and meetings
total $2,915 · program services $2,915
-
23 · Insurance
total $33,468 · program services $16,734 · management and general $16,734
-
24a · Other expenses: EXHIBIT EXPENSE
total $37,400 · program services $37,400
-
24b · Other expenses: VISA MERCHANT FEES
total $15,654 · program services $15,654
-
24c · Other expenses: POS EXPENSE
total $11,840 · program services $11,840
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $11,333 · program services $11,333
-
24e · All other expenses
total $20,863 · program services $20,863
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $163,486 · end of year $282,020
-
2 · Savings and temporary cash investments
beginning of year $296,233 · end of year $308,338
-
4 · Accounts receivable
end of year $1,092
-
8 · Inventories for sale or use
beginning of year $9,271 · end of year $13,068
-
10a · Land, buildings and equipment: cost or other basis
$4,834,787
-
10b · Land, buildings and equipment: accumulated depreciation
$2,598,547
-
10c · Land, buildings and equipment, net
beginning of year $2,338,871 · end of year $2,236,240
-
17 · Accounts payable and accrued expenses
beginning of year $5,417
-
25 · Other liabilities
beginning of year $13,517 · end of year $6,983
-
27 · Net assets without donor restrictions
beginning of year $2,788,927 · end of year $2,833,775
Mission and programs · 2023
Mission
OPERATION AND MAINTENANCE OF THE MUSEUM OF COASTAL CAROLINA AND THE INGRAM PLANETARIUM; TO INSPIRE CURIOSITY ABOUT OUR UNIQUE COASTAL ENVIRONMENT, HISTORY AND THE BROADER NATURAL UNIVERSE THROUGH INTERACTIVE, FUN, SCIENCE -BASED EXPERIENCES.
-
PROVIDED SCIENCE-BASED PROGRAMS SERVING 6851 STUDENTS EITHER IN-HOUSE AND 7,069 OFF SITE OR ONLINE AS PROVIDED BY THE NC SCIENCE MUSEUM GRANT THROUGH SUPPORT OF 5 EDUCATORS. IN OUR OUTREACH, WE PROVIDED 416 PROGRAMS SERVING 57349 PATRONS AND STUDENTS.
Expenses $475,247
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
TIM ECKERT
SECRETARY
- Total calculated
- $0
-
ROBERT FORRESTER
CHAIRMAN
- Total calculated
- $0
-
KEN KRAUSE
VICE CHAIRMA
- Total calculated
- $0
-
DIANNE MCRAINEY
TREASURER
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202432999349301693
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