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Nonprofiteer
← VERMONT GRANITE MUSEUM OF BARRE INC

Form 990 for tax year 2023

Filed by VERMONT GRANITE MUSEUM OF BARRE INC.

Totals

Total revenue
$481,787
Total expenses
$483,312
Contributions and grants received
$440,814
Grants paid
$0
Program service revenue
$33,466
Investment income
-$44,896
Other revenue
$52,403
Total assets, end of year
$4,820,567
Total liabilities, end of year
$314,474
Net assets or fund balances, end of year
$4,506,093
Program services expenses (Part IX)
$253,981
Management and general expenses
$229,331
Fundraising expenses
$0
Program service expenses (Part III)
$253,981

Program services were 52.6% 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

    $440,814

  • 2a · Program service revenue: MUSEUM ADMISSIONS

    total $13,091 · related or exempt $13,091

  • 2b · Program service revenue: SCHOOL INCOME

    total $20,375 · related or exempt $20,375

  • 3 · Investment income

    total $7,027 · excluded $7,027

  • 6a · Gross rents

    real property $73,942

  • 6b · Less rental expenses

    real property $23,893

  • 6c · Rental income or loss

    real property $50,049

  • 6d · Net rental income or loss

    total $50,049 · related or exempt $50,049

  • 7a · Gross sales of assets other than inventory

    other assets $89,799

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

    other assets $141,722

  • 7c · Gain or loss

    other assets -$51,923

  • 7d · Net gain or loss

    total -$51,923 · excluded -$51,923

  • 8a · Fundraising events: gross income

    $2,300

  • 8c · Net income from fundraising events

    total $2,300 · excluded $2,300

  • 10a · Gross sales of inventory

    $115

  • 10b · Cost of goods sold

    $61

  • 10c · Net income from sales of inventory

    total $54 · related or exempt $54

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $87,409 · management and general $87,409

  • 7 · Other salaries and wages

    total $53,834 · management and general $53,834

  • 9 · Other employee benefits

    total $11,372 · management and general $11,372

  • 10 · Payroll taxes

    total $11,406 · management and general $11,406

  • 11g · Fees: other

    total $14,569 · program services $14,569

  • 12 · Advertising and promotion

    total $13,873 · program services $13,873

  • 13 · Office expenses

    total $5,797 · program services $5,278 · management and general $519

  • 14 · Information technology

    total $47,244 · program services $1,883 · management and general $45,361

  • 16 · Occupancy

    total $23,752 · program services $23,752

  • 17 · Travel

    total $4,592 · management and general $4,592

  • 20 · Interest

    total $4,689 · management and general $4,689

  • 22 · Depreciation, depletion and amortization

    total $149,283 · program services $142,831 · management and general $6,452

  • 23 · Insurance

    total $19,427 · program services $19,427

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $19,397 · program services $19,397

  • 24b · Other expenses: EQUIPMENTTOOLS

    total $11,002 · program services $11,002

  • 24c · Other expenses: MISCELLANEOUS

    total $5,666 · program services $1,969 · management and general $3,697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $384,429 · end of year $384,605

  • 2 · Savings and temporary cash investments

    beginning of year $2,170 · end of year $2,170

  • 4 · Accounts receivable

    beginning of year $39,728

  • 8 · Inventories for sale or use

    end of year $1,613

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

    $5,899,716

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

    $1,564,748

  • 10c · Land, buildings and equipment, net

    beginning of year $4,291,312 · end of year $4,334,968

  • 11 · Investments: publicly traded securities

    beginning of year $90,193 · end of year $97,210

  • 15 · Other assets

    beginning of year $4 · end of year $1

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,716 · end of year $5,374

  • 23 · Secured mortgages and notes payable

    beginning of year $308,701 · end of year $309,100

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,496,419 · end of year $4,506,093

Mission and programs · 2023

Mission

SEE STATEMENT

  • RENOVATED AND OPERATED A HISTORICAL GRANITE MUSEUM IN VERMONT.

    Expenses $253,981 · Revenue $33,466

As filed on the 2023 return.

Listed in Part VII

  • Scott McLaughlin

    EXECUTIVE DIRECTOR

    Total calculated
    $89,601
    From this org
    $87,409
    From related orgs
    $0
    Other
    $2,192
    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

  • Alicia Calcagni

    TRUSTEE CHAIR

    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

  • Stephanie Skenyon

    DEV 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 December 2024
IRS schema version
2023v6.0
Source object
202510179349300841

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