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Nonprofiteer
← VERMONT GRANITE MUSEUM OF BARRE INC

Form 990 for tax year 2024

Filed by VERMONT GRANITE MUSEUM OF BARRE INC.

Totals

Total revenue
$358,624
Total expenses
$450,328
Contributions and grants received
$264,609
Grants paid
$9,660
Program service revenue
$38,117
Investment income
$14,156
Other revenue
$41,742
Total assets, end of year
$4,734,810
Total liabilities, end of year
$314,856
Net assets or fund balances, end of year
$4,419,954
Program services expenses (Part IX)
$289,292
Management and general expenses
$161,036
Fundraising expenses
$0
Program service expenses (Part III)
$289,292

Program services were 64.2% 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

    $11,175

  • 1f · All other contributions, gifts and grants

    $253,434

  • 2a · Program service revenue: MUSEUM ADMISSIONS

    total $21,117 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: STONE ART SCHOOL INCOME

    total $17,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $14,156 · unrelated business $0 · excluded $14,156

  • 6a · Gross rents

    real property $39,403

  • 6b · Less rental expenses

    real property $4,402

  • 6c · Rental income or loss

    real property $35,001

  • 6d · Net rental income or loss

    total $35,001 · related or exempt $35,001

  • 8a · Fundraising events: gross income

    $60

  • 8b · Fundraising events: direct expenses

    $4,340

  • 8c · Net income from fundraising events

    total -$4,280 · unrelated business $0 · excluded -$4,280

  • 10a · Gross sales of inventory

    $1,501

  • 10b · Cost of goods sold

    $2,809

  • 10c · Net income from sales of inventory

    total -$1,308 · related or exempt -$1,308

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $12,329 · related or exempt $0 · unrelated business $0 · excluded $12,329

  • 11e · Other revenue, total

    $12,329

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,660 · program services $9,660

  • 5 · Compensation of officers, directors and key employees

    total $87,750 · program services $0 · management and general $87,750 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $29,287 · program services $0 · management and general $29,287 · fundraising $0

  • 9 · Other employee benefits

    total $8,027 · program services $0 · management and general $8,027 · fundraising $0

  • 10 · Payroll taxes

    total $6,530 · program services $0 · management and general $6,530 · fundraising $0

  • 11g · Fees: other

    total $13,848 · program services $13,848 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $10,241 · program services $10,241 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,138 · program services $4,678 · management and general $460 · fundraising $0

  • 14 · Information technology

    total $1,740 · program services $0 · management and general $1,740 · fundraising $0

  • 16 · Occupancy

    total $30,270 · program services $30,270 · management and general $0 · fundraising $0

  • 17 · Travel

    total $1,648 · program services $0 · management and general $1,648 · fundraising $0

  • 20 · Interest

    total $16,740 · program services $0 · management and general $16,740 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $161,902 · program services $154,905 · management and general $6,997 · fundraising $0

  • 23 · Insurance

    total $22,136 · program services $22,136 · management and general $0 · fundraising $0

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $16,393 · program services $16,393 · management and general $0 · fundraising $0

  • 24b · Other expenses: EQUIPMENT & TOOLS

    total $200 · program services $200 · management and general $0 · fundraising $0

  • 24c · Other expenses: LICENSES & PERMITS

    total $16,160 · program services $16,160 · management and general $0 · fundraising $0

  • 24d · Other expenses: STONE ART SCHOOL COSTS

    total $10,801 · program services $10,801 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,857 · program services $0 · management and general $1,857 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $384,606 · end of year $456,093

  • 2 · Savings and temporary cash investments

    beginning of year $2,170

  • 4 · Accounts receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,613 · end of year $0

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

    $5,899,714

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

    $1,726,649

  • 10c · Land, buildings and equipment, net

    beginning of year $4,334,968 · end of year $4,173,065

  • 11 · Investments: publicly traded securities

    beginning of year $97,210 · end of year $105,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,374 · end of year $5,756

  • 23 · Secured mortgages and notes payable

    beginning of year $309,100 · end of year $309,100

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,506,093 · end of year $4,419,954

Mission and programs · 2024

Mission

LOCATED WITHIN AN AUTHENTIC TURN-OF-THE-CENTURY GRANITE MANUFACTURING PLANT, THE MUSEUMS MISSION IS TO CREATE STIMULATING, INTERACTIVE ENVIRONMENTS FOR LEARNING ABOUT THE GEOLOGY, TECHNOLOGY, HISTORY, AND ART OF VERMONTS UNIQUE GRANITE HERITAGE ART, INDUSTRY, CAPABILITIES AND CULTURAL HERITAGE.

  • RENOVATED AND OPERATED A HISTORICAL GRANITE MUSEUM IN VERMONT

    Expenses $289,292 · Revenue $38,117

As filed on the 2024 return.

Listed in Part VII

  • Scott McLaughlin

    EXECUTIVE DIRECTOR

    Total calculated
    $87,750
    From this org
    $87,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Doug Grahn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Meriam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Hutchins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Anthony

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Pope

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Pope

    TRUSTEE - VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jordan Keyes

    TRUSTEE - SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gina Akley

    CHAIR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523189349307632

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