American Banjo Museum

Transcription

1 American Banjo Museum nprofit Profile Contact Information nprofit Address American Banjo Museum 9 E Sheridan Ave Oklahoma City, OK Oklahoma County Phone (405) Fax Website Contact Name Johnny Baier Contact info@americanbanjomuseum.com At a Glance Organization's type of tax exempt status Former Names Public Supported Charity National Four-String Banjo Hall of Fame Museum Year Founded 1998 IRS Ruling Year 1998 Registered with the Secretary of State? 1

2 State Registration Expiration Dec 2015 Other ways to donate support, or volunteer 12 Ways to Make a Gift to the American Banjo Museum - By Credit Card Online - By Check send to: American Banjo Museum 9 East Sheridan Ave Oklahoma City, OK Multiple-Year Cash Pledge. - Bequest through Will - Outright Gift of Real Estate - Retirement Accounts. - Personal Property (Collections-Royalty Rights, etc.) - Appreciated Stock - Bonds, Mutual Funds - Gift of Life Insurance - Real Estate with Life Tenancy - In-Kind Gifts Statements Mission To preserve and promote the banjo while expanding appreciation of its history and music. 2

3 Background The American Banjo Museum is a $5 million, world-class 21,000 square foot facility honoring the rich history, vibrant spirit and unlimited future of the banjo. The museum contains more than 300 instruments, the largest collection on public display in the world. Examples include replicas of primitive banjos developed by African slaves in the Old South, Minstrel Age instruments from 19th century, post WWII instruments used in bluegrass, folk and world music, and museum s core collection of ornately decorated banjos made in America during the Jazz Age of the 1920 s and 30s. Originally located in Guthrie, Oklahoma, the ABM was founded as a nonprofit organization in 1998 by Midwest City attorney, Brady Hunt and Indiana industrialist, Jack Canine under its previous name,the National Four- String Banjo Hall of Fame Museum. Mr. Canine, a retired Indiana industrialist as well as banjo player and enthusiast, has stated his belief that preserving and promoting the history of the banjo, America s adopted native musical instrument, is a very important mission for future generations. Originally the Museum was founded primarily by and for enthusiasts and players of the four-string banjo, the predominate stringed instrument associated with the jazz age of the 1920s and early 30s, commented ABM Executive Director, Johnny Baier. In contrast to that beginning, Baier noted that the banjo - in many different forms and musical styles - has been evolving for over 350 years, continuing that the new ABM is committed to presenting every chapter of the banjo s story, from it s roots in American slavery to its most recent identities in Bluegrass and international folk music. The banjo was introduced to America by the African slave culture in the mid 1600s and remained exclusive to the black culture for nearly 200 years. Replicas of several of these ancient instruments are on display as visitors enter the museum. As the museum experience continues, visitors see examples of banjos made during the late 19th century during the so-called Minstrel Age of music when the banjo moved from the plantation to the stage and concert hall gaining broad public interest. For the bluegrass music fan the name Gibson is synonymous with quality banjos. A special gallery in the museum spotlights a large collection of Gibson Mastertone banjos manufactured during the company s golden years of the 1920s and 30s, including an extremely rare, pre-war Gibson five-string banjo valued at more than $175, The second floor is home to the museum s centerpiece collection of more than 200 four-string banjos from the Jazz Era of banjo music. These magnificent instruments are in superb condition, with ornate designs and tonal sound qualities which are literally frozen in time. Each banjo in this exclusive collection is a work of art, illustrating the ingenuity, craftsmanship and dedication of the artisans who created these masterpieces nearly a century ago. To help fund operations, an endowment to benefit the Museum has been established with the Oklahoma City Community Foundation. Established through an anchor gift of $5 million made by Jack Canine, others wishing to contribute to the Museum s endowment through tax deductible donations may do so through the Foundation. The collection of the American Banjo Museum is nothing short of a national treasure. Impact In Jan. 2016, the museum launched its largest exhibit, The Banjo World of Steve Martin, and brought on new staff to better serve our members and patrons. We re also working on new concerts, events, educational opportunities and on building stronger partnerships with the Oklahoma City Community. Needs The museum needs funds to grow our acquisitions and to bring in new, national acts to Oklahoma City. We re also raising money and seeking grants to fund a traveling exhibit. CEO/Executive Director Statement Home to the world's largest collection of banjo related instruments, audio and video recordings, artifacts and ephemera, the American Banjo Museum is truly a national treasure. A strong financial basis coupled with intelligent and active board support allows the ABM to be poised to continue telling the story of the banjo's colorful evolution for generations yet to come. 3

4 Area Served Area Served Geographic Area Served National The American Banjo Museum is a national museum that also works to be a good partner in the Oklahoma City community. Service Categories Primary Organizational Category Secondary Organizational Category Tertiary Organizational Category Arts,Culture & Humanities/Museums Arts,Culture & Humanities/History Museums Arts,Culture & Humanities Folk Arts Programs American Banjo Museum Galleries Description Category The American Banjo Museum is a $5 million, world-class 21,000 square foot facility honoring the rich history, vibrant spirit and unlimited future of the banjo. The museum contains more than 450 instruments, the largest collection on public display in the world. Examples include replicas of primitive banjos developed by African slaves in the Old South, Minstrel Age instruments from 19th century, post WWII instruments used in bluegrass, folk and world music, and museum s core collection of ornately decorated banjos made in America during the Jazz Age of the 1920 s and 30s. Arts, Culture & Humanities, General/Other Museums Strategy Population Served General/Unspecified Families Adults Program Short-term Success Program Success Monitoring Examples of Program Success 4

5 American Banjo Museum Hall Of Fame Description Category Each year the ABM honors banjo pioneers as well as contemporary performers, educators, manufacturers and promoters who carry on the traditions of their predecessors with election to the American Banjo Museum Hall of Fame. Arts, Culture & Humanities, General/Other Museums Strategy Population Served General/Unspecified Adults Families Program Short-term Success Program Success Monitoring Examples of Program Success American Banjo Museum Collections Description Category The ABM archive contains 1000s of individual pieces of sheet music as well as song books and folios. While most of the items in this collection are banjo specific, a large number of songs from America's past are present as well. Digital copies of items from this collection which are in the public domain and/or are no longer commercially available may be obtained upon request. Direct inquiries to Margie Smith-Robbins, luv4strings@sbcglobal.net. Arts, Culture & Humanities, General/Other Museums Strategy Population Served General/Unspecified Adults Families Program Short-term Success Program Success Monitoring Examples of Program Success 5

6 American Banjo Museum Store and Cafe Description The American Banjo Museum Store offers a wide variety of banjo related merchandise including apparel, audio and video recordings, publications and ABM souvenirs. Additionally, an array of unique Oklahoma items are available as well. Click on the links below to see featured store items that are available for mail order purchase CD's - Apparel - Publications - To cap off your visit, relax in the ABM Cafe with a cold drink or cup of coffee and a tasty bakery treat. The ABM Store and Cafe are open Tuesday thru Saturday from 11AM until 6PM and Sunday from on until 5PM. Category Arts, Culture & Humanities, General/Other Museums Strategy Population Served Adults General/Unspecified Families Program Short-term Success Program Success Monitoring Examples of Program Success Disaster Programs Voluntary Organizations Active in Disaster (VOAD) Member Staff & Management CEO/Executive Director Johnny Baier Start Date Jan banjomuseum@sbcglobal.net CEO/Executive Director Experience Coming from a performance background as a professional banjoist, ABM executive director, Johnny Baier, began working with music related nonprofits in the mid 1990s. Coincidentally, Baier has also been active in both the study of banjo history as well as the buying and selling of historically significant vintage banjos for over 40 years. Baier is a world renown banjo journalist, editing and publishing ALL FRETS magazine as well as contributing to every major fretted instrument journal. Although not from a museum science background, his passion, varied skill set and encyclopedic knowledge of banjo history have proven to be a perfect match for the needs of the ABM. Senior Staff Name Title 6

7 Johnny Baier Dustin Pyeatt Janet Raines Margie Smith-Robbins Executive Director Outreach & Development Manager Sales & Events Administrative and Retail Staff Information Number of Full-time Staff 4 Number of Part-time Staff 1 Number of Contract Staff 2 Number of Volunteers 4 Staff Retention Rate 90 % Are professional development opportunities provided? Does CEO/Executive Director have formal evaluations? Management Reports to Board? Staff Demographics - Ethnicity Caucasian 7 Staff Demographics - Gender Male 2 Female 5 Organizational Plans Fundraising Plan Policy against commission-based compensation for fundraising consultant Communication Plan Strategic Plan Management Succession Plan Organization Policies and Procedures Under Development Policies ndiscrimination Policy Whistle Blower Policy Document Destruction Policy Directors and Officers Insurance Policy 7

8 Awards Awards Award/Recognition Organization Year Redbud Award - Best New Attraction Oklahoma Department of Tourism 2010 Risk Management Provisions Commercial General Insurance Directors and Officers Policy Fine Arts and Collectibles Medical Health Insurance Government Licenses Is your organization licensed by the government (federal, state and/or local)? Governance Board Chair Doug Parsons Company Affiliation self employed Term Jan 2010 to Dec dougparsons@ameritech.net Board of Directors List Current as of v 23, 2016 Name Affiliation Status Bob Alexius Robert Alexius Jack Canine Lester Cowden Jr. Juston Givens Roger Hale Jens Kruger Donald Lewis Michael Mason Ellie Mowery Jack Murphy Brian Newsom Doug Parsons Paul Poirier Danny Rubio Devin Tower 8

9 Board Demographics - Ethnicity Caucasian 14 Board Demographics - Gender Male 13 Female 1 Governance Information Board Term Lengths Board Term Limits 3 years 3 terms Number of Full Board Meetings Annually 4 Board Meeting Attendance % 90 % Percentage of Board Making Monetary Contributions to the Organization Percentage of Board Making In-Kind Contributions to the Organization Board Orientation Constituency Includes Client Representation Written Board Selection Criteria? Written Conflict of Interest Policy? 100 % 100 % Standing Committees Audit Capital Campaign Finance Financials Current Fiscal Year Jan 01, 2017-Dec 31,2017 Current Year Budgeted Total Income $580,696 Current Year Budgeted Total Expenses $574,420 Prior Three Years' Financial History Income and Expenses Fiscal Year Total Revenue $1,575,625 $776,045 $391,684 Total Expenses $575,058 $609,057 $468,136 Revenue Less Expenses $1,000,567 $166,988 ($76,452) 9

10 Income Sources Fiscal Year Contributions $1,522,510 $668,408 $349,704 Foundation and Corporation Contributions Government Contributions $0 $0 $0 Federal State Local Unspecified Individual Contributions Indirect Public Support Earned Revenue $31,523 $77,394 $23,270 Investment Income, Net of Losses $323 $4,073 $273 Unrealized Gain/Loss Membership Dues $4,304 $13,315 $1,220 Special Events Revenue In-Kind Other $16,965 $12,855 $17,217 Expense Allocation Fiscal Year Program Expense $265,491 $274,656 $214,230 Administration Expense $144,184 $212,565 $181,137 Fundraising Expense $165,383 $121,836 $72,769 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 46% 45% 46% Fundraising Expense/Contributed Revenue Assets and Liabilities Fiscal Year Total Assets $7,395,607 $6,392,389 $6,228,371 Current Assets $1,885,873 $754,340 $455,449 Long-Term Liabilities $300,000 $300,000 $300,000 Current Liabilities $5,634 $2,983 $5,953 Total Net Assets $7,089,973 $6,089,406 $5,922,418 Short-term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long-term Solvency Fiscal Year Long-Term Liabilities/Total Assets 4% 5% 5% Top Funding Sources 10

11 Fiscal Year Top Funding Source & Dollar Amount Contributions $1,522,510 Contributions $668,408 Contributions $349,704 Second Highest Funding Source & Dollar Earned Revenue Earned Revenue Earned Revenue Amount $31,523 $77,394 $23,270 Third Highest Funding Source & Dollar Amount Other $16,965 Memberships $13,315 Other $17,217 Endowment and Other Financial Information Endowment? Endowment Value $127, Endowment Spending Policy Endowment Spending Policy Percentage (if selected) Credit line? Rreserve fund? Tax Credits? Percentage 5 % Capital Campaign Currently in a Capital Campaign? Campaign Purpose Build endowment, develop acquisition and program funding, additional staffing Campaign Goal $5,000, Campaign Dates v 2014 to v 2016 Amount Raised To Date as of 0 Capital Campaign Anticipated in Next 5 Years? Comments on Financials Foundation Staff Comments All prior year financial information is from IRS Form 990s. Contributions may include foundations and corporations when the breakout was not available. The financial information presented is obtained from the following sources: IRS Form 990, independent audit reports, financial statements board approved when available, and supplemental information from the organization. We do not warrant or guarantee the timeliness, errors or inaccuracies. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or interpretation by OCCF staff. Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year. 11

12 Created Copyright 2018 Oklahoma City Community Foundation 12