DR CARTER G WOODSON AFRICAN AMERICAN MUSEUM INC

EIN: 743112739 501(c)(3) Arts, Culture & Humanities

SAINT PETERSBURG, FL

Total Revenue
$2,028,643
Total Expenses
$1,172,818
Total Assets
$4,662,092
Net Assets
$4,661,642
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
FL
Principal Officer
FRECHETTE BRADLEY
Phone
7273231104
Tax Period
2023-10-01 to 2024-09-30

DR CARTER G WOODSON AFRICAN AMERICAN MUSEUM INC, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $856K, a strong 42% operating margin.

Mission

MUSEUM TO PRESERVE, PRESENT AND INTERPRET HISTORY OF BLACKS IN ST PETERSBURG.

Program Service Accomplishments

Program 1
Expenses: $193,146

FACILITY USE CONTRIBUTIONS OF MUSEUM FOR SPECIAL EVENTS.

Program 2
Expenses: $312,154

MUSEUM PROGRAMS TO PRESERVE, PRESENT, AND INTERPRET HISTORY OF BLACKS IN ST. PETERSBURG TO PROMOTE UNDERSTANDING IN THE COMMUNITY THROUGH EXHIBITS, YOUTH PROGRAMS, ORAL HISTORY PROJECTS, SPEAKERS AND...

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MUSEUM PROGRAMS TO PRESERVE, PRESENT, AND INTERPRET HISTORY OF BLACKS IN ST. PETERSBURG TO PROMOTE UNDERSTANDING IN THE COMMUNITY THROUGH EXHIBITS, YOUTH PROGRAMS, ORAL HISTORY PROJECTS, SPEAKERS AND FILMS.

Program 3
Expenses: $369,325

THE MUSEUM'S WOODSON WARRIOR SCHOLARSHIP INITIATIVE PROVIDED 44 ACADEMIC SCHOLARSHIPS TO LOCAL YOUTH IN ST. PETERSBURG, FL TO SUPPORT THEIR GOALS OF ATTENDING COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,348,595
Program Service Revenue $423,773
Investment Income $153,817
Other Revenue $102,458
TOTAL REVENUE $2,028,643

Expense Breakdown

Grants Paid $251,200
Salaries & Benefits $288,303
Fundraising Expenses $10,000
Program Expenses $874,625
Other Expenses $633,315
TOTAL EXPENSES $1,172,818

Year-over-Year Comparison

2023 2022 Change
Revenue $2,028,643 $1,237,828 +0.6%
Expenses $1,172,818 $780,441 +0.5%
Net Income $855,825 $457,387 +0.9%
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
7
Independent Members
7
Employees
7
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
$92,538
Total Directors
7
$92,538
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRI LIPSEY SCOTT EXECUTIVE DI 20.00
Officer Director
$92,538 $0 $92,538
DR RAY ARSENAULT DIRECTOR/BOA 5.00
Director
$0 $0 $0
FRECHETTE BRADLEY BOARD CHAIR 20.00
Officer Director
$0 $0 $0
KIMBERLY BROWN-WILLIAMS TREASURER 20.00
Officer Director
$0 $0 $0
CHIQUITA CLARK BOARD MEMBER 5.00
Director
$0 $0 $0
ROSLYN GRAHAM BOARD MEMBER 5.00
Director
$0 $0 $0
YOLANDA HUDSON SECRETARY 20.00
Officer 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
2024 $2,028,643 $1,172,818 $4,662,092 $855,825
2023 $1,237,828 $780,441 $3,117,049 $457,387
2022 $1,819,441 $660,387 $2,657,304 $1,159,054
2021 $1,587,924 $331,153 $1,572,278 $1,256,771
2020 $397,934 $245,176 $318,840 $152,758
2019 $223,232 $207,936 $162,383 $15,296
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