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Nonprofiteer
← CHARLES M SCHULZ MUSEUM AND RESEARCH CENTER

Form 990 for tax year 2023

Filed by CHARLES M SCHULZ MUSEUM AND RESEARCH CENTER.

Totals

Total revenue
$4,992,149
Total expenses
$4,893,658
Contributions and grants received
$643,870
Grants paid
$0
Program service revenue
$1,859,904
Investment income
$2,009,983
Other revenue
$478,392
Total assets, end of year
$57,496,182
Total liabilities, end of year
$752,460
Net assets or fund balances, end of year
$56,743,722
Program services expenses (Part IX)
$2,845,073
Management and general expenses
$2,048,585
Fundraising expenses
$0
Program service expenses (Part III)
$2,845,073

Program services were 58.1% 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

    $351,424

  • 1f · All other contributions, gifts and grants

    $292,446

  • 2a · Program service revenue: TRAVELING EXHIBITS

    total $890,225 · related or exempt $890,225

  • 2b · Program service revenue: ADMISSIONS

    total $736,272 · related or exempt $736,272

  • 2c · Program service revenue: PROGRAM INCOME

    total $233,407 · related or exempt $233,407

  • 3 · Investment income

    total $957,666 · related or exempt $957,666

  • 6a · Gross rents

    real property $198,000

  • 6b · Less rental expenses

    real property $154,483

  • 6c · Rental income or loss

    real property $43,517

  • 6d · Net rental income or loss

    total $43,517 · related or exempt $43,517

  • 7a · Gross sales of assets other than inventory

    securities $3,743,900

  • 7b · Less cost or other basis and sales expenses

    securities $2,691,583

  • 7c · Gain or loss

    securities $1,052,317

  • 7d · Net gain or loss

    total $1,052,317 · related or exempt $1,052,317

  • 10a · Gross sales of inventory

    $779,051

  • 10b · Cost of goods sold

    $344,176

  • 10c · Net income from sales of inventory

    total $434,875 · related or exempt $434,875

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $250,791 · program services $137,935 · management and general $112,856

  • 7 · Other salaries and wages

    total $1,452,004 · program services $798,602 · management and general $653,402

  • 9 · Other employee benefits

    total $278,109 · program services $152,960 · management and general $125,149

  • 10 · Payroll taxes

    total $134,385 · program services $73,912 · management and general $60,473

  • 11f · Fees: investment management

    total $241,316 · management and general $241,316

  • 11g · Fees: other

    total $100,759 · program services $55,418 · management and general $45,341

  • 12 · Advertising and promotion

    total $58,292 · program services $9,328 · management and general $48,964

  • 13 · Office expenses

    total $42,033 · program services $9,247 · management and general $32,786

  • 14 · Information technology

    total $104,406 · program services $35,498 · management and general $68,908

  • 16 · Occupancy

    total $172,853 · program services $72,598 · management and general $100,255

  • 17 · Travel

    total $7,894 · program services $3,237 · management and general $4,657

  • 19 · Conferences, conventions and meetings

    total $971 · program services $398 · management and general $573

  • 22 · Depreciation, depletion and amortization

    total $550,329 · program services $284,198 · management and general $266,131

  • 23 · Insurance

    total $223,866 · program services $145,513 · management and general $78,353

  • 24a · Other expenses: PURCHASED COLLECTION IT

    total $644,123 · program services $644,123

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $190,647 · program services $81,671 · management and general $108,976

  • 24c · Other expenses: EXHIBIT EXPENSE

    total $127,517 · program services $127,517

  • 24d · Other expenses: MEMBERSHIP EXPENSE

    total $92,544 · program services $92,544

  • 24e · All other expenses

    total $220,819 · program services $120,374 · management and general $100,445

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $416,477 · end of year $235,836

  • 4 · Accounts receivable

    beginning of year $270,399 · end of year $257,169

  • 8 · Inventories for sale or use

    beginning of year $193,421 · end of year $226,868

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,109 · end of year $62,197

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

    $26,802,521

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

    $11,964,277

  • 10c · Land, buildings and equipment, net

    beginning of year $15,467,364 · end of year $14,838,244

  • 12 · Investments: other securities

    beginning of year $38,426,745 · end of year $41,875,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,936 · end of year $185,493

  • 19 · Deferred revenue

    beginning of year $385,556 · end of year $398,967

  • 25 · Other liabilities

    beginning of year $216,000 · end of year $168,000

  • 27 · Net assets without donor restrictions

    beginning of year $21,668,309 · end of year $21,260,952

  • 28 · Net assets with donor restrictions

    beginning of year $32,381,714 · end of year $35,482,770

Mission and programs · 2023

Mission

TO OPERATE A MUSEUM AND RESEARCH CENTER TO CELEBRATE THE LIFE AND CREATIONS OF CHARLES M SCHULZ, CREATOR OF THE PEANUTS COMIC STRIP.

Activities or mission (Part I)

THE PURPOSE IS TO OPERATE A MUSEUM AND RESEARCH CENTER TO CELEBRATE THE LIFE AND CREATIONS OF CHARLES M. SCHULZ, CREATOR OF THE PEANUTS COMIC STRIP.

  • THE MUSEUM OPERATES TO PRESERVE, DISPLAY AND INTERPRET THE ART OF CHARLES M. SCHULZ (PEANUTS) AND TO BUILD AN APPRECIATION OF CARTOON ART AND CARTOONISTS.

    Expenses $2,845,073 · Revenue $4,348,279

As filed on the 2023 return.

Listed in Part VII

  • Jean F Schulz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    13

  • Barbara D Gallagher

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Kenneth R Pennington

    TREASURER

    Total calculated
    $0
    Hours/week
    9

  • Lucy Shelton Caswell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Michael Schwager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rose Marie McDaniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Melissa Menta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Whiting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick McDonnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roland Thibault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dee Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robb Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paige Braddock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacqueline Rader

    DIRECTOR OF BUSINESS OPERA

    Total calculated
    $122,045
    From this org
    $118,490
    From related orgs
    $0
    Other
    $3,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,490
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,555
    Filer's total
    $122,045

  • Gina Huntsinger

    MUSEUM DIRECTOR

    Total calculated
    $171,427
    From this org
    $132,300
    From related orgs
    $0
    Other
    $39,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,300
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,127
    Filer's total
    $171,427

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 · Compensation committee
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349314968

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