Museum of African American History Inc

EIN: 042429556 501(c)(3) Arts, Culture & Humanities

Boston, MA

Total Revenue
$1,159,221
Total Expenses
$3,007,385
Total Assets
$10,064,568
Net Assets
$9,173,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MA
Principal Officer
Dr Noelle Trent PhD
Phone
6177250022
Tax Period
2024-01-01 to 2024-12-31

Museum of African American History Inc, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.0M exceeded revenue, resulting in a 159% operating deficit.

Mission

The Museum connects colonial and early African American history and culture, in Boston, Nantucket, and the larger New England area with the abolition of slavery and current explorations of race and the struggle for human rights.

Program Service Accomplishments

Program 1
Expenses: $1,797,905 Revenue: $208,276

Home to four original African American buildings built at the birth of the nation and still standing, the Museum illuminates, interprets, and preserves the birthplace of the abolitionist movement and...

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Home to four original African American buildings built at the birth of the nation and still standing, the Museum illuminates, interprets, and preserves the birthplace of the abolitionist movement and the continuing struggle for human rights.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,247,668
Program Service Revenue $208,276
Investment Income $0
Other Revenue $-296,723
TOTAL REVENUE $1,159,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,087,393
Fundraising Expenses $251,347
Program Expenses $1,797,905
Other Expenses $1,919,992
TOTAL EXPENSES $3,007,385

Year-over-Year Comparison

2024 2023 Change
Revenue $1,159,221 $987,903 +0.2%
Expenses $3,007,385 $2,403,009 +0.3%
Net Income $-1,848,164 $-1,415,106 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
13
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$322,865
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jackie Glenn Chair 12.00
Officer Director
$0 $0 $0
Garth Griffin Treasurer 2.00
Officer Director
$0 $0 $0
Elaine Anastasia Director 1.00
Director
$0 $0 $0
Marian Carpenter Director 1.00
Director
$0 $0 $0
Judith Johnson Director 1.00
Director
$0 $0 $0
Keith Lezama Director 1.00
Director
$0 $0 $0
Dr Noelle Trent PhD President & CEO 40.00
Officer
$206,536 $5,948 $212,484
Suzana Haxhiaj Past Director of Finance 36.00
Officer
$108,461 $1,920 $110,381
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,159,221 $3,007,385 $10,064,568 $-1,848,164
2023 $987,903 $2,403,009 $11,953,220 $-1,415,106
2022 $4,685,463 $2,176,521 $13,305,918 $2,508,942
2021 $1,101,120 $2,288,618 $10,612,334 $-1,187,498
2020 $1,815,643 $1,830,603 $11,541,412 $-14,960
2019 $1,319,059 $2,056,345 $11,457,423 $-737,286
2018 $1,558,370 $2,437,437 $12,134,947 $-879,067
2018 $1,558,370 $2,437,437 $12,134,947 $-879,067
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