Civic Intelligence

Rowan Museum Incorporated

990 • Fiscal year 2018 • EIN 56-0625409

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 10, 2019

202 N Main StreetSalisbury, NC 28144

(704) 633-5946

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

12th percentile

0.00x

Higher debt load relative to revenue than 12% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Net Margin

95th percentile

63%

Higher net margin than 95% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$36,720

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Asset Growth

87th percentile

38%

Faster asset growth than 87% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-9.4%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,107,315

Up $304,336 (+38%) from 2017

Net Assets

Up

$1,107,305

Up $306,518 (+38%) from 2017

Liabilities

Down

$10

Down $2,182 (-100%) from 2017

Revenue

Down

$485,291

Down $50,537 (-9.4%) from 2017

Expenses

Down

$178,773

Down $1,325 (-0.7%) from 2017

Net Income

Down

$306,518

Down $49,212 (-14%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $435,442Liabilities 2012: $1,9242012Assets 2013: $419,980Liabilities 2013: $2,190Net Assets 2013: $417,7902013Assets 2014: $466,288Liabilities 2014: $66Net Assets 2014: $466,2222014Assets 2015: $477,188Liabilities 2015: $60Net Assets 2015: $477,1282015Assets 2016: $445,189Liabilities 2016: $132Net Assets 2016: $445,0572016Assets 2017: $802,979Liabilities 2017: $2,192Net Assets 2017: $800,7872017Assets 2018: $1,107,315Liabilities 2018: $10Net Assets 2018: $1,107,3052018Assets 2019: $1,389,531Liabilities 2019: $12Net Assets 2019: $1,389,5192019Assets 2020: $1,471,804Liabilities 2020: $23,364Net Assets 2020: $1,448,4402020Assets 2021: $1,583,111Liabilities 2021: $12Net Assets 2021: $1,583,0992021Assets 2022: $1,501,273Liabilities 2022: $12Net Assets 2022: $1,501,2612022Assets 2023: $1,619,723Liabilities 2023: $0Net Assets 2023: $1,619,7232023Assets 2024: $1,757,758Liabilities 2024: $0Net Assets 2024: $1,757,7582024

Highlighted filing

2018

Assets$1,107,315
Liabilities$10
Net Assets$1,107,305

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $174,734Expenses 2012: $215,207Net Income 2012: -$40,4732012Expenses 2013: $195,9172013Revenue 2014: $188,223Expenses 2014: $162,959Net Income 2014: $25,2642014Revenue 2015: $186,920Expenses 2015: $175,277Net Income 2015: $11,6432015Revenue 2016: $145,694Expenses 2016: $177,765Net Income 2016: -$32,0712016Revenue 2017: $535,828Expenses 2017: $180,098Net Income 2017: $355,7302017Revenue 2018: $485,291Expenses 2018: $178,773Net Income 2018: $306,5182018Revenue 2019: $485,589Expenses 2019: $203,375Net Income 2019: $282,2142019Revenue 2020: $201,202Expenses 2020: $142,281Net Income 2020: $58,9212020Revenue 2021: $295,156Expenses 2021: $160,497Net Income 2021: $134,6592021Revenue 2022: $102,655Expenses 2022: $184,493Net Income 2022: -$81,8382022Revenue 2023: $333,856Expenses 2023: $215,394Net Income 2023: $118,4622023Revenue 2024: $355,798Expenses 2024: $217,763Net Income 2024: $138,0352024

Highlighted filing

2018

Revenue$485,291
Expenses$178,773
Net Income$306,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 10, 2019
Return Version
2018v3.1
Gross Receipts
$529,334
Mission and Program Overview

Mission

Collect, preserve, research, exhibit, and educate the public about the history of rowan county and piedmont north carolina through the use of its properties, programs and collections.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$674,201$659,623▼ $14,578
Savings and Temporary Cash Investments$20,697$59,815▲ $39,118
Cash and Non-Interest-Bearing Accounts$64,545$27,693▼ $36,852
Accounts Receivable$232$223▼ $9
Total Assets$802,979$1,107,315▲ $304,336
Other Assets Total$43,304$359,961▲ $316,657
Liabilities
Accounts Payable and Accrued Expenses$2,192$10▼ $2,182
Total Liabilities$2,192$10▼ $2,182
Net Assets / Fund Balance
Unrestricted Net Assets$800,787$1,107,305▲ $306,518
Total Net Assets Fund Balance$800,787$1,107,305▲ $306,518
Total Liabilities and Net Assets / Fund Balance$802,979$1,107,315▲ $304,336

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$351,899$146,300$498,199
Buildings$223,268-$223,268
Land$84,456-$84,456
Equipment-$43,730$43,730
Other Assets Org$500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aaron KepleyExecutive DiFT$36,720$36,720

Board Members and Trustees

NameTitle
Terry HoltPresident
Betsy CunninghamDirector
Doug GlasgowDirector
Graham CorriherDirector
James MillerDirector
John HolshouserDirector
Judy HaireDirector
Julius WaggonerDirector
Kim EddsDirector
Lexsa TurchinDirector
Paul BrownDirector
Randy LassiterDirector
Reginald BrownDirector
Sandra RoakesDirector
Stephen BrownDirector
Jennifer HammondSecretary
Larry BrownTreasurer
Elliot MathisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$460,501
Program Service Revenue
$11,152
Investment Income
$-21,136
Other Revenue
$34,774
All Other Contributions
$410,226
Change in Net Assets
$306,518

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$240,017Fair Market Value
Total Noncash Contributions1$240,017-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,232
Other Expenses$60,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,119$275-$69,394
Current Officers, Directors, Trustees, and Key Employees$18,360$18,360-$36,720
Occupancy$29,871$6,495-$36,366
Payroll Taxes$6,692$1,426-$8,118
Other Employee Benefits$3,298$702-$4,000
Fees for Services Accounting-$3,750-$3,750
Depreciation Depletion-$2,008-$2,008
Office Expenses$511$1,419-$1,930
Other Expenses$1,352$3,306-$1,352
Advertising$1,276--$1,276
All Other Expenses$1,023--$1,023
Conferences and Meetings-$429-$429
Interest-$4-$4
Total Functional Expenses$135,938$42,835$0$178,773
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,505
Fundraising Direct Expenses$21,515
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Antique Show$45,235$28,285$13,753$14,532
Other Events$36,545$21,220$7,762$13,458
Total Events$81,780$49,505$21,515$27,990
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director and the treasurer review a preliminary copy of the 990 and discuss any oberservations, questions or changes with the cpa return preparer before it is finalized and filed.

Form 990, Page 6, Part VI, Line 19

Because of local government funding, the museum advertises upcoming board meetings (times and dates) which are open to the public. Attendees to the meetings are privy to all museum documents and financial records discussed at meetings. Financial statements are submitted to the local funding agencies semi-annually. In addition an annual business meeting is conducted each year inwhich a report is delivered of the activities and events for the year and the year-end financial statements are presented.

Filing and Contact Details

Filer

Filer Name
Rowan Museum Inc
EIN
56-0625409
Phone
7046335946
Address
202 N MAIN STREET, SALISBURY, NC 28144
Doing Business As
Co Aaron Kepley

Signing Officer

Name
Aaron Kepley
Title
Executive Director
Phone
7046335946
Signed
2019-06-10

Organization Details

Principal Officer
Aaron Kepley
Formed
1953
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
9
Volunteers
100

Preparer

Firm
Brent H Parks CPA Pa
Address
1816 E INNES ST STE 101, SALISBURY, NC 28146-6027
Preparer
Brent H Parks
Phone
7046338700
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IRS990/IRPDocumentCnt05
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0COLLECT, PRESERVE, RESEARCH, EXHIBIT, AND EDUCATE THE PUBLIC ABOUT THE HISTORY OF ROWAN COUNTY AND PIEDMONT NORTH CAROLINA THROUGH THE USE OF ITS PROPERTIES, PROGRAMS AND COLLECTIONS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0800787
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt027990
IRS990/NetIncomeOrLossGrp/ExclusionAmt01532
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01532
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05252
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05252
IRS990/NoncashContributionsAmt0240017
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt06495
IRS990/OccupancyGrp/ProgramServicesAmt029871
IRS990/OccupancyGrp/TotalAmt036366
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01419
IRS990/OfficeExpensesGrp/ProgramServicesAmt0511
IRS990/OfficeExpensesGrp/TotalAmt01930
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043304
IRS990/OtherAssetsTotalGrp/EOYAmt0359961
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0702
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03298
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04000
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IRS990/OtherExpensesGrp/Desc3EXHIBITS
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IRS990/OtherExpensesGrp/ProgramServicesAmt04436
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IRS990/OtherExpensesGrp/TotalAmt23306
IRS990/OtherExpensesGrp/TotalAmt31352
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0275
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IRS990/OtherSalariesAndWagesGrp/TotalAmt069394
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt06692
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IRS990/RentalIncomeOrLossGrp/RealAmt05252
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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011152
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020697
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059815
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0492292
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0137932
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0125825
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt030264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025391
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027858
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022671
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0112828
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt024188
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75630
IRS990ScheduleA/PublicSupportPY170Pct00.85290
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IRS990ScheduleA/TotalSupportAmt01419759
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0223268
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0223268
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt043730
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043730
IRS990ScheduleD/LandGrp/BookValueAmt084456
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt084456
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0351899
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0146300
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0498199
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0359461
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BEN INTEREST IN ASSETS HELD BY OTHER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0659623
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0359961
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt032275
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016950
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt015325
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021515
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANTIQUE SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OTHER EVENTS

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