Totals
- Total revenue
- $559,344
- Total expenses
- $579,722
- Contributions and grants received
- $335,180
- Grants paid
- $0
- Program service revenue
- $70,453
- Investment income
- $145,983
- Other revenue
- $7,728
- Total assets, end of year
- $2,113,005
- Total liabilities, end of year
- $31,966
- Net assets or fund balances, end of year
- $2,081,039
- Program services expenses (Part IX)
- $415,571
- Management and general expenses
- $76,201
- Fundraising expenses
- $87,950
- Program service expenses (Part III)
- $415,571
Program services were 71.7% 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
$335,180
-
1g · Noncash contributions included above
$120,000
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $70,453 · related or exempt $70,453
-
3 · Investment income
total $145,983 · excluded $145,983
-
10a · Gross sales of inventory
$8,770
-
10b · Cost of goods sold
$3,398
-
10c · Net income from sales of inventory
total $5,372 · related or exempt $5,372
-
11a · Other revenue: OTHER REVENUE
total $2,356 · related or exempt $2,356
-
11e · Other revenue, total
$2,356
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $60,000 · program services $48,000 · management and general $6,000 · fundraising $6,000
-
7 · Other salaries and wages
total $139,813 · program services $111,847 · management and general $13,983 · fundraising $13,983
-
10 · Payroll taxes
total $17,149 · program services $13,721 · management and general $1,714 · fundraising $1,714
-
11c · Fees: accounting
total $25,819 · program services $6,454 · management and general $19,365
-
12 · Advertising and promotion
total $37,503 · fundraising $37,503
-
13 · Office expenses
total $13,784 · program services $7,581 · management and general $3,446 · fundraising $2,757
-
16 · Occupancy
total $34,703 · program services $27,761 · management and general $3,471 · fundraising $3,471
-
22 · Depreciation, depletion and amortization
total $1,564 · program services $1,564
-
23 · Insurance
total $2,634 · program services $2,371 · management and general $263
-
24a · Other expenses: IN-KIND RENT
total $120,000 · program services $96,000 · management and general $12,000 · fundraising $12,000
-
24b · Other expenses: UTILITIES
total $47,802 · program services $38,240 · management and general $4,781 · fundraising $4,781
-
24c · Other expenses: PROGRAMMING & EDUCATION
total $31,234 · program services $31,234
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $24,402 · program services $13,420 · management and general $6,101 · fundraising $4,881
-
24e · All other expenses
total $23,315 · program services $17,378 · management and general $5,077 · fundraising $860
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,563 · end of year $23,594
-
4 · Accounts receivable
beginning of year $5,000
-
9 · Prepaid expenses and deferred charges
beginning of year $2,890 · end of year $753
-
10a · Land, buildings and equipment: cost or other basis
$29,821
-
10b · Land, buildings and equipment: accumulated depreciation
$5,287
-
10c · Land, buildings and equipment, net
beginning of year $10,845 · end of year $24,534
-
15 · Other assets
beginning of year $2,095,496 · end of year $2,064,124
-
17 · Accounts payable and accrued expenses
beginning of year $13,400 · end of year $17,161
-
25 · Other liabilities
beginning of year $41,977 · end of year $14,805
-
27 · Net assets without donor restrictions
beginning of year $1,901,583 · end of year $1,871,229
-
28 · Net assets with donor restrictions
beginning of year $199,834 · end of year $209,810
Mission and programs · 2024
Mission
OUR MISSION IS TO COLLECT AND PRESERVE HISTORICAL MUSICAL INSTRUMENTS, OBJECTS, AND INFORMATION, WHICH ENGAGE AND ENRICH PEOPLE OF ALL AGES THROUGH EXHIBITS, PERFORMANCES, AND EXPERIMENTAL PROGRAMS.
-
THE MUSEUM STRIVES TO BE THE LEADING CENTER FOR PRESERVING AND CELEBRATING THE MUSICAL NARRATIVES OF THE CAROLINAS AND THE SOUTHEAST, THROUGH EDUCATIONAL PROGRAMS, EXHIBITS, AND PERFORMANCES BY DISTINGUISHED ARTISTS WITH ACCESS TO A WORLD CLASS COLLECTION OF HISTORICALLY SIGNIFICANT INSTRUMENTS.
Expenses $415,571
As filed on the 2024 return.
Listed in Part VII
-
John BeckfordJOHN BECKFORD
CHAIR
- Total calculated
- $0
-
Joe BlakeJOE BLAKE
BOARD MEMBER
- Total calculated
- $0
-
Charles E DavisCHARLES E DAVIS
TREASURER
- Total calculated
- $0
-
John GrierJOHN GRIER
BOARD MEMBER
- Total calculated
- $0
-
Brett HurtBRETT HURT
BOARD MEMBER
- Total calculated
- $0
-
Margaret JenkinsMARGARET JENKINS
BOARD MEMBER
- Total calculated
- $0
-
Mary Lou MerktMARY LOU MERKT
BOARD MEMBER
- Total calculated
- $0
-
Ruby MorganRUBY MORGAN
BOARD MEMBER
- Total calculated
- $0
-
Gustavo NievesGUSTAVO NIEVES
BOARD MEMBER
- Total calculated
- $0
-
Lliana RoseLLIANA ROSE
BOARD MEMBER
- Total calculated
- $0
-
Andrew SigalANDREW SIGAL
BOARD MEMBER
- Total calculated
- $0
-
John StewartJOHN STEWART
VICE CHAIR
- Total calculated
- $0
-
Debra StrangeDEBRA STRANGE
BOARD MEMBER
- Total calculated
- $0
-
Susan E ThompsonSUSAN E THOMPSON
BOARD MEMBER
- Total calculated
- $0
-
Craig Allan WalkerCRAIG ALLAN WALKER
BOARD MEMBER
- Total calculated
- $0
-
Marshall WinnMARSHALL WINN
SECRETARY
- Total calculated
- $0
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
- 19 September 2025
- IRS schema version
- 2024v5.0
- Source object
- 202532879349300018
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