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Nonprofiteer
← OCEAN ISLE MUSEUM FOUNDATION INC

Form 990 for tax year 2024

Filed by OCEAN ISLE MUSEUM FOUNDATION INC.

Totals

Total revenue
$739,764
Total expenses
$762,342
Contributions and grants received
$234,251
Grants paid
$57,755
Program service revenue
$382,235
Investment income
$1,493
Other revenue
$121,785
Total assets, end of year
$2,794,675
Total liabilities, end of year
$7,424
Net assets or fund balances, end of year
$2,787,251
Program services expenses (Part IX)
$643,878
Management and general expenses
$110,231
Fundraising expenses
$8,233
Program service expenses (Part III)
$643,878

Program services were 84.5% 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

    $56,086

  • 1e · Government grants (contributions)

    $39,707

  • 1f · All other contributions, gifts and grants

    $138,458

  • 2a · Program service revenue: ADMISSIONS

    total $333,093 · related or exempt $333,093

  • 2b · Program service revenue: SCHOOL GROUP REVENUE

    total $46,938 · related or exempt $46,938

  • 2c · Program service revenue: PROGRAM INCOME

    total $2,204 · related or exempt $2,204

  • 3 · Investment income

    total $1,493 · excluded $1,493

  • 6a · Gross rents

    real property $4,021

  • 6c · Rental income or loss

    real property $4,021

  • 6d · Net rental income or loss

    total $4,021 · related or exempt $4,021

  • 8a · Fundraising events: gross income

    $52,695

  • 8b · Fundraising events: direct expenses

    $50,237

  • 8c · Net income from fundraising events

    total $2,458

  • 10a · Gross sales of inventory

    $114,043

  • 10b · Cost of goods sold

    $47,404

  • 10c · Net income from sales of inventory

    total $66,639 · related or exempt $66,639

  • 11a · Other revenue: TAX REIMB

    total $42,964 · related or exempt $42,964

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $3,993 · related or exempt $3,993

  • 11c · Other revenue: HURRICANE SIMULATOR

    total $1,710 · related or exempt $1,710

  • 11e · Other revenue, total

    $48,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $57,755 · program services $57,755

  • 5 · Compensation of officers, directors and key employees

    total $99,882 · program services $99,882

  • 7 · Other salaries and wages

    total $269,557 · program services $243,276 · management and general $26,281

  • 8 · Pension plan contributions

    total $2,997 · program services $2,697 · management and general $300

  • 9 · Other employee benefits

    total $1,385 · program services $1,385

  • 10 · Payroll taxes

    total $28,135 · program services $25,321 · management and general $2,814

  • 11b · Fees: legal

    total $134 · program services $134

  • 11c · Fees: accounting

    total $980 · management and general $980

  • 11g · Fees: other

    total $3,431 · fundraising $3,431

  • 12 · Advertising and promotion

    total $40,614 · program services $40,614

  • 13 · Office expenses

    total $15,740 · program services $8,213 · management and general $7,527

  • 14 · Information technology

    total $33,427 · program services $21,594 · management and general $11,833

  • 15 · Royalties

    total $663 · fundraising $663

  • 16 · Occupancy

    total $79,239 · program services $37,549 · management and general $37,551 · fundraising $4,139

  • 17 · Travel

    total $2,953 · program services $1,476 · management and general $1,477

  • 19 · Conferences, conventions and meetings

    total $681 · program services $681

  • 20 · Interest

    total $46 · program services $46

  • 23 · Insurance

    total $42,936 · program services $21,468 · management and general $21,468

  • 24a · Other expenses: EXHIBIT EXPENSE

    total $45,430 · program services $45,430

  • 24b · Other expenses: VISA MERCHANT FEES

    total $16,534 · program services $16,534

  • 24c · Other expenses: OTHER PROGRAM EXPENSES

    total $5,600 · program services $5,600

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,752 · program services $4,752

  • 24e · All other expenses

    total $9,471 · program services $9,471

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,021 · end of year $223,692

  • 2 · Savings and temporary cash investments

    beginning of year $308,338 · end of year $230,952

  • 4 · Accounts receivable

    beginning of year $1,092 · end of year $1,674

  • 8 · Inventories for sale or use

    beginning of year $13,068 · end of year $18,782

  • 10a · Land, buildings and equipment: cost or other basis

    $4,933,381

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,711,874

  • 10c · Land, buildings and equipment, net

    beginning of year $2,318,430 · end of year $2,221,507

  • 15 · Other assets

    beginning of year $39,956 · end of year $98,068

  • 25 · Other liabilities

    beginning of year $42,088 · end of year $7,424

  • 27 · Net assets without donor restrictions

    beginning of year $2,920,817 · end of year $2,787,251

Mission and programs · 2024

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 5590 STUDENTS EITHER IN-HOUSE AND 8144 OFF SITE OR ONLINE AS PROVIDED BY THE NC SCIENCE MUSEUM GRANT THROUGH SUPPORT OF 2 EDUCATORS. IN OUR OUTREACH, WE PROVIDED 459 PROGRAMS SERVING 55214 PATRONS AND STUDENTS.

    Expenses $643,878 · Grants $57,755

As filed on the 2024 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

  • OIB TURTLE PATROL

    $55,115

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202611359349306351

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