Rowan Museum Incorporated in Salisbury, North Carolina (NC)
Table of contents:
| Rowan Museum Incorporated | |
| Employer Identification Number (EIN) | 560625409 |
| Name of Organization | Rowan Museum Incorporated |
| Address | 202 N Main St, Salisbury, NC 28144-4362 |
| Activities | Other school related activities, Historical site, records or reenactment, Museum, zoo, planetarium, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 03/1970 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $467,944 |
| Amount of Income | $183,789 |
| Form 990 Revenue Amount | $122,080 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Non-representatives - add comments:
Amount of income in 2013: $183,789 (it was $196,678 in 2012)
| Rowan Museum Incorporated: | $183,789 |
| Other organizations performing similar types of work: | $170,607 |
Assets in 2013: $467,944 (it was $435,442 in 2012)
| Rowan Museum Incorporated: | $467,944 |
| Other organizations performing similar types of work: | $751,001 |
Expenses in 2013: $103,409
| This organization: | $103,409 |
| Other organizations performing similar types of work: | $136,601 |
Income to expenses ratio in 2013: 1.8
| Rowan Museum Incorporated: | 1.8 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 84.5%
| Rowan Museum Incorporated: | 84.5% |
| Other organizations performing similar types of work: | 57.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $174,734 | $122,080 |
| Contributions, gifts, grants, and similar amounts received | $104,429 | $103,198 |
| Program service revenue including government fees and contracts | $15,190 | $4,013 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $25,585 | $12,355 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $27,810 | $355 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $48,727 | $62,064 |
| Less: direct expenses from gaming and fundraising events | $20,917 | $61,709 |
| Gross profit/loss from sales of inventory | $488 | $2,028 |
| Gross sales of inventory, less returns and allowances | $1,515 | $2,028 |
| Less: cost of goods sold | $1,027 | $0 |
| Other revenue | $1,232 | $131 |
| Total expenses | $215,207 | $103,409 |
| Total net assets | $433,518 | $439,736 |
| Excess/Deficit for the year | $-40,473 | $18,671 |
| Net assets or fund balances at beginning of year | $474,899 | $417,790 |
| Other changes in net assets or fund balances | $-908 | $3,275 |
| Net assets or fund balances at end of year | $439,736 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $435,442 | $467,944 |
| Total liabilities | $1,924 | $28,208 |
| Net assets or fund balances | $433,518 | $439,736 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $470,128 |
| Subtotal Support | $518,073 |
| Gifts, grants, contributions, and membership fees received | $518,073 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $47,945 |
| Total Support | $602,757 |
| Public Support | $518,073 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $84,684 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $58,095 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Old Salem Incorporated | 600 S Main St, Winston Salem, NC 27101-5329 | NC | 1950-06 | $22,278,021 |
| 2 | North Carolina Transportation Museum Foundation | PO BOX 69, Spencer, NC 28159-0069 | NC | 1978-02 | $2,113,405 |
| 3 | Wharton County Museum Association | PO BOX 349, Wharton, TX 77488-0349 | TX | 1974-12 | $141,508 |
| 4 | Shakertown At Pleasant Hill Kentucky Inc | 3501 Lexington Rd, Harrodsburg, KY 40330-9218 | KY | 1962-11 | $5,784,015 |
| 5 | Worcester Historical Museum | 30 Elm St, Worcester, MA 01609-2504 | MA | 1944-06 | $4,759,570 |
| 6 | Museum Of The New South Inc | 200 E 7th St, Charlotte, NC 28202-2508 | NC | 1991-12 | $2,787,847 |
| 7 | The North Carolina Museum Of History Associates Inc | 5 E Edenton St, Raleigh, NC 27601-1011 | NC | 1976-12 | $1,339,464 |
| 8 | Mount Airy Museum Of Regional History Inc | 301 N Main St, Mount Airy, NC 27030-3811 | NC | 1992-02 | $499,154 |
| 9 | The Friends Of The Graveyard Of The Atlantic Museum | PO BOX 284, Hatteras, NC 27943-0284 | NC | 1991-08 | $295,196 |
| 10 | Person County Museum Of History Inc | PO BOX 1792, Roxboro, NC 27573-1792 | NC | 1997-08 | $282,399 |
| 11 | Wilmington Railroad Museum Foundation Inc | 505 Nuty St, Wilmington, NC 28401-3347 | NC | 1980-04 | $211,346 |
| 12 | Greensboro Historical Museum Inc | 130 Summit Ave, Greensboro, NC 27401-3004 | NC | 1953-02 | $209,518 |
| 13 | North Carolina Railway Museum Inc | PO BOX 40, New Hill, NC 27562-0040 | NC | 1966-03 | $189,613 |
| 14 | Friends Of The City Of Raleigh Museum | 220 Fayetteville St Ste 100, Raleigh, NC 27601-1358 | NC | 1993-09 | $186,611 |
| 15 | Rowan Museum Incorporated | 202 N Main St, Salisbury, NC 28144-4362 | NC | 1970-03 | $183,789 |
| 16 | Alamance County Historical Museum Inc | 4777 South Nc 62 Hwy, Burlington, NC 27215 | NC | 1975-12 | $162,659 |
| 17 | Tobacco Farm Life Museum Inc | PO BOX 88, Kenly, NC 27542-0088 | NC | 1984-03 | $160,159 |
| 18 | Western North Carolina Air Museum Inc | PO BOX 2343, Hendersonvlle, NC 28793-2343 | NC | 1990-03 | $108,119 |
| 19 | Chapel Hill Museum | 610 E Rosemary St, Chapel Hill, NC 27514-3720 | NC | 1996-10 | $102,413 |
| 20 | The Andrew Jackson Historical Foundation Inc | PO BOX 7, Waxhaw, NC 28173-1038 | NC | 1986-09 | $49,789 |
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