Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $751,675

• 1f · All other contributions, gifts and grants

  $3,197,850

• 1g · Noncash contributions included above

  $139,287

• 2a · Program service revenue: TOUR INCOME

  total $1,675,363 · related or exempt $1,675,363

• 2b · Program service revenue: ADMISSIONS

  total $162,889 · related or exempt $162,889

• 2c · Program service revenue: EDUCATION PROGRAMS

  total $71,936 · related or exempt $71,936

• 2d · Program service revenue: EXHIBITION RELATED

  total $6,157 · related or exempt $6,157

• 3 · Investment income

  total $1,970,072 · excluded $1,970,072

• 7a · Gross sales of assets other than inventory

  securities $6,550,227

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

  securities $7,652,248

• 7c · Gain or loss

  securities -$1,102,021

• 7d · Net gain or loss

  total -$1,102,021 · excluded -$1,102,021

• 8a · Fundraising events: gross income

  $56,441

• 8b · Fundraising events: direct expenses

  $110,650

• 8c · Net income from fundraising events

  total -$54,209 · excluded -$54,209

• 10a · Gross sales of inventory

  $540,196

• 10b · Cost of goods sold

  $654,249

• 10c · Net income from sales of inventory

  total -$114,053 · related or exempt -$114,053

• 11a · Other revenue: OTHER INVESTMENT INCOME

  total $1,807,685 · excluded $1,807,685

• 11b · Other revenue: TRUST INCOME

  total $663,892 · excluded $663,892

• 11c · Other revenue: MISCELLANEOUS INCOME

  total $196 · excluded $196

• 11e · Other revenue, total

  $2,471,773

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $350,805 · management and general $350,805

• 7 · Other salaries and wages

  total $4,304,021 · program services $3,522,013 · management and general $381,113 · fundraising $400,895

• 8 · Pension plan contributions

  total $110,412 · program services $78,510 · management and general $17,066 · fundraising $14,836

• 9 · Other employee benefits

  total $663,369 · program services $359,688 · management and general $225,171 · fundraising $78,510

• 10 · Payroll taxes

  total $324,931 · program services $239,257 · management and general $55,508 · fundraising $30,166

• 11b · Fees: legal

  total $184,577 · program services $3,353 · management and general $181,224

• 11c · Fees: accounting

  total $199,548 · management and general $199,548

• 11f · Fees: investment management

  total $210,952 · management and general $210,952

• 11g · Fees: other

  total $702,363 · program services $520,719 · management and general $145,525 · fundraising $36,119

• 12 · Advertising and promotion

  total $119,055 · program services $107,513 · fundraising $11,542

• 13 · Office expenses

  total $414,562 · program services $356,191 · management and general $18,396 · fundraising $39,975

• 16 · Occupancy

  total $1,280,683 · program services $945,935 · management and general $243,381 · fundraising $91,367

• 22 · Depreciation, depletion and amortization

  total $2,042,501 · program services $1,670,661 · management and general $239,429 · fundraising $132,411

• 24a · Other expenses: MERCHANT, BANK AND OTHE

  total $749,175 · program services $665,000 · management and general $80,750 · fundraising $3,425

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $607,793 · program services $561,618 · management and general $31,014 · fundraising $15,161

• 24c · Other expenses: EQUIPMENT AND SUPPLIES

  total $289,252 · program services $194,760 · management and general $42,558 · fundraising $51,934

• 24d · Other expenses: MERCHANDISE

  total $282,141 · program services $282,141

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,960,967 · end of year $1,550,279

• 2 · Savings and temporary cash investments

  beginning of year $1,648,225 · end of year $1,568,224

• 3 · Pledges and grants receivable

  beginning of year $3,675,087 · end of year $478,210

• 4 · Accounts receivable

  beginning of year $3,196 · end of year $717

• 8 · Inventories for sale or use

  beginning of year $107,906 · end of year $114,230

• 9 · Prepaid expenses and deferred charges

  beginning of year $519,393 · end of year $368,846

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

  $63,835,064

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

  $14,240,679

• 10c · Land, buildings and equipment, net

  beginning of year $51,103,308 · end of year $49,594,385

• 11 · Investments: publicly traded securities

  beginning of year $57,734,958 · end of year $64,423,524

• 15 · Other assets

  beginning of year $13,819,514 · end of year $15,443,953

• 17 · Accounts payable and accrued expenses

  beginning of year $594,587 · end of year $720,974

• 19 · Deferred revenue

  beginning of year $1,294,871 · end of year $1,580,623

• 23 · Secured mortgages and notes payable

  beginning of year $924,607 · end of year $892,685

• 27 · Net assets without donor restrictions

  beginning of year $84,615,092 · end of year $84,780,204

• 28 · Net assets with donor restrictions

  beginning of year $44,143,397 · end of year $45,567,882

The filer's explanations (Part III)

PART I, LINE 1A

THE MUSEUM REQUIRES THE DIRECTOR/CEO TO RESIDE IN A RESIDENCE OWNED BY THE MUSEUM.