Totals
- Total revenue
- $1,354,418
- Total expenses
- $7,350,578
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $1,354,418
- Total assets, end of year
- $16,195,508
- Total liabilities, end of year
- $52,382,929
- Net assets or fund balances, end of year
- -$36,187,421
- Program services expenses (Part IX)
- $7,309,141
- Management and general expenses
- $41,437
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,309,141
Program services were 99.4% 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.
-
6a · Gross rents
real property $1,354,418
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,354,418
-
6d · Net rental income or loss
total $1,354,418 · related or exempt $1,354,418
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $27,504 · management and general $27,504
-
11g · Fees: other
total $13,933 · management and general $13,933
-
20 · Interest
total $276,583 · program services $276,583
-
22 · Depreciation, depletion and amortization
total $1,365,309 · program services $1,365,309
-
24a · Other expenses: CONSTRUCTION EXPENSES
total $5,649,849 · program services $5,649,849
-
24b · Other expenses: LOAN SERVICING FEES
total $17,400 · program services $17,400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,979 · end of year $3,984
-
9 · Prepaid expenses and deferred charges
beginning of year $169,909 · end of year $142,405
-
10a · Land, buildings and equipment: cost or other basis
$16,267,479
-
10b · Land, buildings and equipment: accumulated depreciation
$1,365,309
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $14,902,170
-
15 · Other assets
beginning of year $15,737,881 · end of year $1,146,949
-
17 · Accounts payable and accrued expenses
beginning of year $46,008 · end of year $5,695,861
-
23 · Secured mortgages and notes payable
beginning of year $17,022,080 · end of year $17,114,632
-
25 · Other liabilities
beginning of year $29,034,942 · end of year $29,572,436
-
27 · Net assets without donor restrictions
beginning of year -$30,191,261 · end of year -$36,187,421
Mission and programs · 2023
Mission
THE MISSION IS TO FURTHER THE INTERNATIONAL AFRICAN AMERICAN MUSEUM'S CHARITABLE PURPOSE OF OPERATING, MAINTAINING, AND PROMOTING A MUSEUM AND EDUCATIONAL CENTER DESIGNED TO INTERPRET AMERICAN HISTORY THROUGH THE LENS OF THE AFRICAN AMERICA EXPERIENCE IN THE LOWCOUNTRY, AND TO ILLUSTRATE THE RELATIONSHIP OF THE AREA TO THE ATLANTIC WORLDS, SPECIFICALLY THE CARIBBEAN, WEST, CENTRAL AFRICA AND EUROPE.
Activities or mission (Part I)
THE MISSION IS TO FURTHER THE INTERNATIONAL AFRICAN AMERICAN MUSEUM'S CHARITABLE PURPOSE.
-
THE ORGANIZATION IS A SUPPORTING ORGANIZATION WITH THE PURPOSE TO OPERATE AND TO PERFORM OR CARRY OUT THE PURPOSES OF THE INTERNATIONAL AFRICAN AMERICAN MUSEUM.
Expenses $7,309,141
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JOSEPH P RILEY JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LAWRENCE O THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARY ANN SULLIVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROBERT E BRANAN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
TONYA MATTHEWS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $235,559
- From this org
- $0
- From related orgs
- $223,504
- Other
- $12,055
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $223,504 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,810 related
- Nontaxable benefits
- $0 + $5,245 related
- Filer's total
- $0 + $235,559 related
-
DIANNE FIRMENT
CHIEF FINANCIAL OFFICER
- Total calculated
- $175,993
- From this org
- $0
- From related orgs
- $165,488
- Other
- $10,505
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $165,488 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,260 related
- Nontaxable benefits
- $0 + $5,245 related
- Filer's total
- $0 + $175,993 related
-
JOHN ANDERSON
CHIEF OPERATING OFFICER
- Total calculated
- $175,201
- From this org
- $0
- From related orgs
- $159,809
- Other
- $15,392
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $159,809 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,379 related
- Nontaxable benefits
- $0 + $10,013 related
- Filer's total
- $0 + $175,201 related
-
MALIKA PRYOR
CHIEF LEARNING AND ENGAGEMENT OFFICER
- Total calculated
- $152,343
- From this org
- $0
- From related orgs
- $136,387
- Other
- $15,956
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $136,387 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $15,956 related
- Filer's total
- $0 + $152,343 related
-
VIRGINIA DEERIN
MAJOR GIFTS OFFICER
- Total calculated
- $163,246
- From this org
- $0
- From related orgs
- $153,811
- Other
- $9,435
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $153,811 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,190 related
- Nontaxable benefits
- $0 + $5,245 related
- Filer's total
- $0 + $163,246 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INTERNATIONAL AFRICAN AMERICAN MUSEUM
501(C)(3) · MUSEUM · SC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433139349302328
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