Newseum INC FY2021 filing

Laurel, MDUnknown exempt organization EIN 20-3985447Revenue $758K in FY2021

On file with the IRSnewseum.org9893 Brewers Court · Laurel, MD

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Educates the public about the value of free press & tells stories of the world's important events.

62¢ of each $1 spent went to programs.
$370K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $2.9M a year · 334% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$370K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Named funders
1
named funder · $567K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$758K
-30% vs prior year
Spent
$758K
To programs
62%
Net assets
$0
By yearFY2020–FY2022
Revenue
$758K
FY2021▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$758K
FY2022$717K
Expenses
$758K
FY2021▼ -92%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$758K
FY2022$717K
Net assets
$0
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $472K Management & general 38% · $286K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $370K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director/Facilities
$160,725Pt VII · Sec A
Director/Exhibits Services
$105,486Pt VII · Sec A
Chief Engineer
$103,901Pt VII · Sec A
Chief HR Officer/VP
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Newseum INC executive salaries →

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Programs and updates

Educates the public on free press value and shares stories of global events.

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Provided by the organization

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3 programs · $3.2M · in their own filed words · FY2020
01

The exhibit development department provides research and development of exhibit content for the newseum, maintains digitized electronic databases, and produces books and other publications.

$1.8Mprogram expense
02

The collections and visual recources department acquires and maintains artifacts and collections and oversees the management of temporary and traveling exhibits.

$1.3Mprogram expense
03

The food court is a cafeteria operated daily for the benefit of the newseum's employees and patrons.

$70Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$567K
Grants paid · 1 grant · $61K · 2020–2020
Freedom Forum Institute INCTN · FY2020$60,674

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$758K
Ln 12
Gifts and grantsLn 1h$695K
Other incomeLn 4–11$63K
Money outPt IX
$758K
Ln 25
Programscol B$472K
Managementcol C$286K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$695K
Other incomeLn 4–11$63K
Total revenueLn 12$758K
Assets in detailPt X, end of year
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.4M
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $717K$717K−$27$0 990 PDF
FY2021 Viewing $758K$758K$32$0 990 PDF
FY2020 $1.1M$9.6M−$8.6M$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons O · Explanations

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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