Florence Museum EIN 57-0365580

Florence Museum

EIN  57-0365580 Public charity (501(c)(3)) Florence, SC
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Offers historical and art exhibits for all ages.
Leadership
Jeff Murrie · President
Money in and out
$31K revenue, $37K expenses
Bottom line
89% program efficiency

Offers historical and art exhibits for all ages. For fiscal year 2025 it reported $31K in revenue, $37K in expenses, and $1.1M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$31K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▲ +20% vs prior filing year
Operating runway
253.9mo
months of highly liquid reserves at operating expense rate▲ +158% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▲ +91% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$31K
FY2025▲ +4%
Expenses
$37K
FY2025▼ -59%
Total assets
$1.1M
FY2025▲ +4%
Total liabilities
$0
FY2025
Total revenue
$31K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $33K of program spending, described in the organization's own filed words · FY2024.
01

General support of the florence county museum operation serving a population of 100,000 people. Promotes public use of facility as well as having exhibitions by local artists (adults and children), hostorical exhibits, and providing art.

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlorence Museum
EINHdr · item D57-0365580
Principal addressHdr · item CFlorence, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income100%$31K
Total revenueLn 12$31K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$33K
Management & general11%$4K
Total functional expensesLn 25$37K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $784K · Operating expenses/yr $37K
253.9 months
Where the money goes
Program services
Program services $33K · Total expenses $37K
89%
Management & General
Management & general $4K · Total expenses $37K
11%
Fundraising
Fundraising $0 · Total expenses $37K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $31K
0%
Government reliance
Government grants — · Total revenue $31K
Earned-income share
Program service revenue $0 · Total revenue $31K
0%
Investment reliance
Investment income $31K · Total revenue $31K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $37K
0%
Growth & trend
Revenue growth (YoY)
This year $31K · Prior year $30K
+4%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $31K · Expenses $37K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $780K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
70%
People & payroll
Highest Reported Total Compensation
Individual Jeff Murrie · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $37K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $37K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Revenue growth 4%
Investment management fee ratio 1%
Accounting fee ratio 11%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$78K
Grants paid · 3 grants · $115K · 2022–2024
Florence County MuseumFY2024$23,342
Florence County MuseumFY2023$65,416
Florence County MuseumFY2022$26,129

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$31K revenue · viewing · ⤓ 990 PDF
FY2024$30K revenue · ⤓ 990 PDF
FY2023$75K revenue · ⤓ 990 PDF
FY2022$19K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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