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Nonprofiteer
← THE DURHAM MUSEUM FOUNDATION

Form 990 for tax year 2022

Filed by THE DURHAM MUSEUM FOUNDATION.

Totals

Total revenue
$1,114,760
Total expenses
$871,897
Contributions and grants received
$678,748
Grants paid
$819,362
Program service revenue
$0
Investment income
$436,012
Other revenue
$0
Total assets, end of year
$16,445,739
Total liabilities, end of year
$13,039
Net assets or fund balances, end of year
$16,432,700
Program services expenses (Part IX)
$819,362
Management and general expenses
$52,535
Fundraising expenses
$0
Program service expenses (Part III)
$819,362

Program services were 94.0% 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.

  • 1f · All other contributions, gifts and grants

    $678,748

  • 1g · Noncash contributions included above

    $3,748

  • 3 · Investment income

    total $536,475 · excluded $536,475

  • 7a · Gross sales of assets other than inventory

    securities $4,045,912

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

    securities $4,146,375

  • 7c · Gain or loss

    securities -$100,463

  • 7d · Net gain or loss

    total -$100,463 · excluded -$100,463

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $819,362 · program services $819,362

  • 11f · Fees: investment management

    total $52,535 · management and general $52,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $1,104,684 · end of year $1,554,537

  • 3 · Pledges and grants receivable

    beginning of year $500,000 · end of year $637,500

  • 11 · Investments: publicly traded securities

    beginning of year $15,998,985 · end of year $14,098,048

  • 15 · Other assets

    beginning of year $140,411 · end of year $155,653

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,294 · end of year $13,039

  • 27 · Net assets without donor restrictions

    beginning of year $1,446,856 · end of year $118,304

  • 28 · Net assets with donor restrictions

    beginning of year $16,282,930 · end of year $16,314,396

Mission and programs · 2022

Mission

THE PRIMARY MISSION OF THE DURHAM MUSEUM FOUNDATION IS SOLICITATION, RECEIPT AND MANAGEMENT OF FUNDS RECEIVED THROUGH CONTRIBUTIONS, GIFTS, GRANTS AND OTHER FUNDRAISING SOURCES TO SUPPORT THE DURHAM MUSEUM.

Activities or mission (Part I)

SUPPORTING ORGANIZATION FOR THE DURHAM MUSEUM, A 501(C)(3) ORGANIZATION.

  • PROVIDED SUPPORT FOR THE DURHAM MUSEUM.

    Expenses $819,362 · Grants $819,362

As filed on the 2022 return.

Listed in Part VII

  • John Boyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Nelson

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brad Knuth

    SECRETARY/TREASURY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rodrigo Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tommie Thompson Deceased 41722

    DIRECTOR

    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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2023
IRS schema version
2022v5.0
Source object
202342629349300524

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