Each year at the Annual Meeting, usually held in early spring, the President of the Board and the Executive Director provide the membership with a report on the Museum. These reports summarize the finances, donors, events, and programming of the past year.
Due to the COVID-19 Crisis, the 2019 Annual Meeting was held via Zoom on July 23, 2020. Watch the Meeting HERE.
The 2019 Annual Report is delayed. Below is the 2019 Financial Statement:
Financials: Year ended December 31, 2019
REVENUE AND SUPPORT
Donation and Dues
Annual Appeal………..$87,435
Dues……………………..$29,375
Other Donations………$5,957
Museum Activities
Admissions……………..$6,876
Events……………………$29,792
Exhibits & Programs..$6,743
Other Revenue………..$14,757
Total Revenue…………….$180,935
NET Revenue……………($68,460)
Endowment Remittances….$72,831
TOTAL REVENUE AND SUPPORT: $253,765
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EXPENSES
Personnel………………….$121,464
Museum Activities………$12,606
Development
& Public Relations……..$8,228
Facilities…………………..$40,301
Insurance
& Professional Fees…..$55,812
General & Admin……….$10,984
TOTAL EXPENSES: $249,395
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FINANCIAL POSITIONS
Current Assets
Cash…………………………$209,651
Investments……………….$1,635,556
Total Current Assets
Property
& Equipment, Net……….$414,570
TOTAL ASSETS…………$2,259,777
LIABILITIES………………$12,864
NET ASSETS
Unrestricted………………$2,246,913
Total Net Assets…………$2,246,913
Land Acknowledgement We recognize that this land was home to the Naumkeag band of the Massachusett/Pawtucket Tribes. The Marblehead Museum is committed to incorporating the study and dissemination of this land’s Native History into its mission.
What is a Land Acknowledgement and Why is it Important? Click HERE. Read our complete Land Acknowledgment HERE.
Get a sneak peak at our three sites!
Photo credits: Rick Ashley, Jeff Dykes, Marcia Hunkins, Lisa Indelicato
MARBLEHEAD MUSEUM
170 Washington St.
Marblehead, MA 01945
phone : 781-631-1768
info@marbleheadmuseum.org
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