NATIONAL MUSIC MUSEUM (AMERICAS SHRINE TO MUSIC)

EIN: 237266823 501(c)(3) Arts, Culture & Humanities

VERMILLION, SD

Total Revenue
$3,139,272
Total Expenses
$2,597,615
Total Assets
$15,672,203
Net Assets
$10,934,830
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
SD
Principal Officer
SCOTT RAY LAWRENCE
Phone
6056583450
Tax Period
2024-07-01 to 2025-06-30

NATIONAL MUSIC MUSEUM (AMERICAS SHRINE TO MUSIC), founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2017. Expenses of $1.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

SERVES THE PEOPLE OF SOUTH DAKOTA AND THE NATION AS AN INTERNATIONAL CENTER FOR COLLECTING AND CONSERVING MUSICAL INSTRUMENTS OF ALL CULTURES AND BRINGING PEOPLE TOGETHER TO STUDY, ENJOY, AND UNDERSTAND OUR DIVERSE MUSICAL HERITAGE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,856,131
Program Service Revenue $44,669
Investment Income $224,887
Other Revenue $13,585
TOTAL REVENUE $3,139,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $888,377
Fundraising Expenses $65,336
Program Expenses $1,813,162
Other Expenses $1,709,238
TOTAL EXPENSES $2,597,615

Year-over-Year Comparison

2024 2023 Change
Revenue $3,139,272 $2,360,544 +0.3%
Expenses $2,597,615 $2,563,168 +0.0%
Net Income $541,657 $-202,624 -3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
27
Employees
16
Volunteers
N/A

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
$0
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASH ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE BABBITT BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
JON COLE BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE DILLON BOARD MEMBER 1.00
Director
$0 $0 $0
JULIET EVERIST CHAIR, DEVEL 1.00
Director
$0 $0 $0
GERALD GAUL VICE CHAIR 1.00
Officer Director
$0 $0 $0
SHEILA GESTRING BOARD MEMBER 1.00
Director
$0 $0 $0
CLAIRE GIVENS SECRETARY 1.00
Officer Director
$0 $0 $0
ERIC GROSSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
BETSY GROVES BOARD MEMBER 1.00
Director
$0 $0 $0
ALBERT P HEGYI MEMBER AT LA 1.00
Director
$0 $0 $0
JOAN HOLTER BOARD MEMBER 1.00
Director
$0 $0 $0
BOYD HOPKINS TREASURER 1.00
Officer Director
$0 $0 $0
BRUCE KELLEY BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT RAY LAWRENCE CHAIR 1.00
Officer Director
$0 $0 $0
CYNTHIA MAHOOD LEVIN BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY LILLIBRIDGE PAST CHAIR 1.00
Director
$0 $0 $0
THOMAS MACE BOARD MEMBER 1.00
Director
$0 $0 $0
KENT PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE PRICE BOARD MEMBER 1.00
Director
$0 $0 $0
SUSANNE SKYRM BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH VINATIERI BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN VONK BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS WILDER BOARD MEMBER 1.00
Director
$0 $0 $0
JO WOHLENBERG CHAIR, FINAN 1.00
Director
$0 $0 $0
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
2025 $3,139,272 $2,597,615 $15,672,203 $541,657
2024 $2,360,544 $2,563,168 $16,484,573 $-202,624
2023 $4,076,372 $2,815,562 $17,391,463 $1,260,810
2022 $3,706,421 $2,534,229 $15,649,509 $1,172,192
2021 $2,166,392 $1,899,031 $16,141,070 $267,361
2020 $1,305,133 $1,902,737 $13,393,341 $-597,604
2019 $1,813,857 $1,788,043 $7,400,106 $25,814
2018 $1,098,524 $1,346,912 $7,138,698 $-248,388
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