LAURENS COUNTY MUSEUM ASSOCIATION

EIN: 841679030 501(c)(3) Arts, Culture & Humanities

LAURENS, SC

Total Revenue
$228,620
Total Expenses
$248,764
Total Assets
$2,013,218
Net Assets
$1,994,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
SC
Principal Officer
LAURA CLIFFORD COOK
Phone
8646810670
Tax Period
2023-01-01 to 2023-12-31

LAURENS COUNTY MUSEUM ASSOCIATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Net assets of $2.0M represent 105 months of operating reserves.

Mission

THE LAURENS COUNTY MUSEUM ASSOCIATION IS MAINTAINED AND OPERATED TO PRESERVE THE HISTORY OF LAURENS COUNTY, SOUTH CAROLINA AND OPERATE A MUSEUM DEVOTED TO ACQUIRING AND EXHIBITING FOR THE PUBLIC ITEMS THAT PERTAIN TO LAURENS COUNTY'S SETTLEMENT AND DEVELOPMENT.

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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 $183,981
Program Service Revenue $0
Investment Income $0
Other Revenue $44,639
TOTAL REVENUE $228,620

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,579
Fundraising Expenses $12,645
Program Expenses $212,125
Other Expenses $188,185
TOTAL EXPENSES $248,764

Year-over-Year Comparison

2023 2022 Change
Revenue $228,620 $252,074 -0.1%
Expenses $248,764 $265,501 -0.1%
Net Income $-20,144 $-13,427 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
7
Volunteers
35

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
5
$10,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA CLIFFORD COOK MUSEUM DIREC 40.00
Officer
$10,000 $0 $10,000
SARAH JANE ARMSTRONG DIRECTOR 0.50
Director
$0 $0 $0
CASSANDRA CAMPBELL DIRECTOR 0.50
Director
$0 $0 $0
BOOKER INGRAM DIRECTOR 0.50
Director
$0 $0 $0
ROBERT LINK DIRECTOR 0.50
Director
$0 $0 $0
EDNA MCCARTER TREASURER 10.00
Officer Director
$0 $0 $0
ELMA MORRISON DIRECTOR 0.50
Director
$0 $0 $0
TERESA NOBLE PRESIDENT 5.00
Officer Director
$0 $0 $0
CHARLOTTE SLICE VICE PRESIDE 10.00
Officer Director
$0 $0 $0
DEBBIE VAUGHN DIRECTOR 0.50
Director
$0 $0 $0
BETTY ANN WALSH SECRETARY 0.50
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 No data No data No data No data
2023 $228,620 $248,764 $2,013,218 $-20,144
2022 $252,074 $265,501 $2,029,981 $-13,427
2021 $345,580 $227,592 $2,046,299 $117,988
2020 $103,167 $174,190 $1,922,555 $-71,023
2019 $1,210,217 $88,638 $1,985,815 $1,121,579
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