Civic Intelligence

The Florence Museum

990 • Fiscal year 2015 • EIN 57-0365580

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

111 West Cheves StreetFlorence, SC 29501

(843) 662-3351

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

69th percentile

7.3%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

21st percentile

-12%

Faster revenue growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Flat

$1,155,455

Flat from 2015

Net Assets

Flat

$1,155,455

Flat from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Flat

$262,058

Flat from 2015

Expenses

Flat

$181,941

Flat from 2015

Net Income

Flat

$80,117

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $708,757Liabilities 2011: $344Net Assets 2011: $708,4132011Assets 2012: $806,370Liabilities 2012: $0Net Assets 2012: $806,3702012Assets 2013: $976,931Liabilities 2013: $0Net Assets 2013: $976,9312013Assets 2014: $1,077,156Liabilities 2014: $0Net Assets 2014: $1,077,1562014Assets 2015: $1,155,455Liabilities 2015: $0Net Assets 2015: $1,155,4552015Assets 2015: $1,155,455Liabilities 2015: $0Net Assets 2015: $1,155,4552015Assets 2017: $1,118,642Liabilities 2017: $0Net Assets 2017: $1,118,6422017Assets 2019: $1,068,839Liabilities 2019: $0Net Assets 2019: $1,068,8392019Assets 2022: $1,054,696Liabilities 2022: $0Net Assets 2022: $1,054,6962022Assets 2023: $1,088,782Liabilities 2023: $0Net Assets 2023: $1,088,7822023Assets 2024: $1,074,105Liabilities 2024: $0Net Assets 2024: $1,074,1052024

Highlighted filing

2015

Assets$1,155,455
Liabilities$0
Net Assets$1,155,455

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $342,624Expenses 2011: $266,282Net Income 2011: $76,3422011Revenue 2012: $365,501Expenses 2012: $260,668Net Income 2012: $104,8332012Expenses 2013: $265,8752013Revenue 2014: $297,097Expenses 2014: $201,681Net Income 2014: $95,4162014Revenue 2015: $262,058Expenses 2015: $181,941Net Income 2015: $80,1172015Revenue 2015: $262,058Expenses 2015: $181,941Net Income 2015: $80,1172015Revenue 2017: $68,636Expenses 2017: $93,093Net Income 2017: -$24,4572017Revenue 2019: $22,730Expenses 2019: $83,861Net Income 2019: -$61,1312019Revenue 2022: $19,332Expenses 2022: $18,816Net Income 2022: $5162022Revenue 2023: $74,990Expenses 2023: $65,033Net Income 2023: $9,9572023Revenue 2024: $29,986Expenses 2024: $90,272Net Income 2024: -$60,2862024

Highlighted filing

2015

Revenue$262,058
Expenses$181,941
Net Income$80,117
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$322,506
Mission and Program Overview

Mission

To provide historical and art exhibits and education for children and adults.

To provide historical exhibits and art exhibits and education for children and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$703,252$752,534▲ $49,282
Cash and Non-Interest-Bearing Accounts$245,078$304,780▲ $59,702
Investments in Publicly Traded Securities$75,493$73,468▼ $2,025
Savings and Temporary Cash Investments$53,333$24,673▼ $28,660
Total Assets$1,077,156$1,155,455▲ $78,299
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$894,086$972,385▲ $78,299
Temporarily Rstr Net Assets$112,628$112,628→ $0
Permanently Rstr Net Assets$70,442$70,442→ $0
Total Net Assets Fund Balance$1,077,156$1,155,455▲ $78,299
Total Liabilities and Net Assets / Fund Balance$1,077,156$1,155,455▲ $78,299

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$347,897-$347,897
Buildings$261,454-$261,454
Equipment$143,183-$143,183
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$222,544
Program Service Revenue
$5,514
Investment Income
$2,360
Other Revenue
$31,640
All Other Contributions
$201,895
Change in Net Assets
$80,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,105
Salaries, Compensation, and Employee Benefits$5,836
Total Fundraising Expense$750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$18,025$4,129$50$22,204
Occupancy$11,446$2,020-$13,466
Office Expenses$10,260$1,811-$12,071
Insurance$8,453$1,492-$9,945
Fees for Services Accounting-$8,194-$8,194
Advertising$6,165$1,088-$7,253
Other Expenses$5,151$909-$6,060
Other Salaries and Wages$4,011$759$650$5,420
Travel$467--$467
Payroll Taxes$308$58$50$416
Total Functional Expenses$160,049$21,142$750$181,941
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,056
Fundraising Direct Expenses$48,189
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$46,816$46,816$36,317$10,499
Oyster Roast$29,240$29,240$11,873$17,367
Total Events$76,056$76,056$48,190$27,866
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A copy of the form 990 is reviewed by the finance committee and executive committee before filing.

Form 990, Part VI, Section C, Line 19

The florence museum honors the requirements of the laws governing requests for such documents from the public and federal and state agencies.

Filing and Contact Details

Filer

Filer Name
The Florence Museum
EIN
57-0365580
Phone
8436623351
Address
111 WEST CHEVES STREET, FLORENCE, SC 29501

Signing Officer

Name
Becky Crawford
Title
Vice-president
Phone
8436623351
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Crawford
Formed
1936
Legal Domicile
Sc
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
45

Preparer

Firm
Websterrogers Llp
Address
1411 SECOND LOOP ROAD, FLORENCE, SC 29505
Preparer
Sharon C Norris CPA
Phone
8436655900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Educational program expense: program service expenses 6,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,010. Telephone: program service expenses 4,139. Management and general expenses 730. Fundraising expenses 0. Total expenses 4,869. Art competition: program service expenses 4,585. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,585. Moving: program service expenses 2,115. Management and general expenses 373. Fundraising expenses 0. Total expenses 2,488. Investment expense: program service expenses 0. Management and general expenses 1,550. Fundraising expenses 0. Total expenses 1,550. Dues and subscriptions: program service expenses 187. Management and general expenses 1,061. Fundraising expenses 50. Total expenses 1,298. Exterminating expense: program service expenses 708. Management and general expenses 125. Fundraising expenses 0. Total expenses 833. Bank charges: program service expenses 44. Management and general expenses 248. Fundraising expenses 0. Total expenses 292. Supplies: program service expenses 237. Management and general expenses 42. Fundraising expenses 0. Total expenses 279.

Form 990, Part XII, Line 2C

The florence museum has not changed the oversight of the compilation of the financial statements. The finance committee assumes the responsibility of oversight of the compilation of the financial statements for the florence museum.

Financial Statement Notes

PART III, LINE 4:

The florence museum has a collection of paintings and other collectibles valued at $347,897 that is included in assets on form 990, part x.

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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt020649
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HISTORICAL EXHIBITS AND ART EXHIBITS AND EDUCATION FOR CHILDREN AND ADULTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01077156
IRS990/NetAssetsOrFundBalancesEOYAmt01155455
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0662
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0662
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt027867
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt027867
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03773
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03773
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1818
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02020
IRS990/OccupancyGrp/ProgramServicesAmt011446
IRS990/OccupancyGrp/TotalAmt013466
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01811
IRS990/OfficeExpensesGrp/ProgramServicesAmt010260
IRS990/OfficeExpensesGrp/TotalAmt012071
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ART EXHIBITION EXPENSE
IRS990/OtherExpensesGrp/Desc1HISTORICAL EXHIBITION
IRS990/OtherExpensesGrp/Desc2REPAIRS
IRS990/OtherExpensesGrp/Desc3CLEANING SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0682
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1909
IRS990/OtherExpensesGrp/ProgramServicesAmt044753
IRS990/OtherExpensesGrp/ProgramServicesAmt138050
IRS990/OtherExpensesGrp/ProgramServicesAmt212960
IRS990/OtherExpensesGrp/ProgramServicesAmt35151
IRS990/OtherExpensesGrp/TotalAmt044753
IRS990/OtherExpensesGrp/TotalAmt138050
IRS990/OtherExpensesGrp/TotalAmt213642
IRS990/OtherExpensesGrp/TotalAmt36060
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0650
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0759
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04011
IRS990/OtherSalariesAndWagesGrp/TotalAmt05420
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt050
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt058
IRS990/PayrollTaxesGrp/ProgramServicesAmt0308
IRS990/PayrollTaxesGrp/TotalAmt0416
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt070442
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt070442
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BECKY CRAWFORD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0452000
IRS990/ProgramServiceRevenueGrp/Desc0ART COMPETITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05514
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0266439
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03017
IRS990/PYOtherExpensesAmt0174621
IRS990/PYOtherRevenueAmt027641
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt095416
IRS990/PYSalariesCompEmpBnftPaidAmt027060
IRS990/PYTotalExpensesAmt0201681
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0297097
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt080117
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09287
IRS990/SavingsAndTempCashInvstGrp/BOYAmt053333
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0222545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0266439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0402348
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0333042
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0305089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01529463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01698
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01903
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02419
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03657
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011687
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027311
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98000
IRS990ScheduleA/PublicSupportPY170Pct00.98000
IRS990ScheduleA/PublicSupportTotal170Amt01510286
IRS990ScheduleA/SubstantialContributorsTotAmt019177
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0222545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0266439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0402348
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0333042
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0305089
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01529463
IRS990ScheduleA/TotalSupportAmt01541150
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0261454
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0261454
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt0143183
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0143183
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0347897
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0347897
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FLORENCE MUSEUM HAS A COLLECTION OF PAINTINGS AND OTHER COLLECTIBLES VALUED AT $347,897 THAT IS INCLUDED IN ASSETS ON FORM 990, PART X.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0752534
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048190
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0OYSTER ROAST
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029240
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt046816

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