Nonprofit · EIN 94-2776031
LACE MUSEUM INC
Tax-exempt · FREMONT, CA 94539
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $166,814 | $152,640 | $14,174 | $959,322 | $395 | $958,927 |
| December 31, 2023 | 990 | $162,412 | $135,874 | $26,538 | $941,440 | $328 | $941,112 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $61,285
- Program service revenue
- $74,760
- Investment income
- $11,229
- Net gain from sales of assets
- $6,674
- Net income from sales of inventory
- $14,158
- Other revenue
- $19,540
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $595
- Salaries, compensation and benefits (total)
- $595
- Professional fundraising fees
- $0
- Accounting fees
- $3,715
- Occupancy
- $28,439
- Travel
- $4,862
- Depreciation
- $240
- Program services (functional)
- $134,210
- Management and general (functional)
- $17,835
Balance sheet and other
- Total assets, start of year
- $941,440
- Total assets, end of year
- $959,322
- Total liabilities, end of year
- $395
- Net assets, end of year
- $958,927
- Land, buildings and equipment
- $21,257
- Net assets without donor restrictions
- $958,927
- Gross receipts
- $228,384
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1981
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN BRASH | BOARD MEMBER Trustee or director | 46 | $1,249 |
| KIM DAVIS | Mg Director/Sec Trustee or director, Officer | 48 | $595 |
| KAREN ALGER | Chairman Trustee or director, Officer | 18 | $0 |
| FRANCESCA MILLER-MOORE | BOARD MEMBER Trustee or director | 0.27 | $0 |
| DONNA BENNETT | BOARD MEMBER Trustee or director | 0.9 | $0 |
| PAULA HARTEN | BOARD MEMBER Trustee or director | 0.23 | $0 |
| HEATHER NORRIS | BOARD MEMBER Trustee or director | 0.23 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN ALGER | Chairman Trustee or director, Officer | 25 | $0 |
| KIM DAVIS | Mg Director/Sec Trustee or director, Officer | 60 | $0 |
| FRANCESCA MILLER-MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| DONNA BENNETT | BOARD MEMBER Trustee or director | 1 | $0 |
| PAULA HARTEN | BOARD MEMBER Trustee or director | 1 | $0 |
| HEATHER NORRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOAN BRASH | BOARD MEMBER Trustee or director | 1 | $0 |
| FLORENCE BASS | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 200 BROWN RD STE 300, FREMONT, CA 94539-7958
- Principal officer (990 for 2024)
- KIM DAVIS, 200 Brown Road Suite 300, Fremont, CA 94539
- Signed the 990
- KIM DAVIS, Secretary
- Phone
- (408) 730-4695
- Website
- www.thelacemuseum.org
- Return prepared by
- Laura Rose EA Tax & Bookkeeping Services
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2776031 or by the name LACE MUSEUM INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE PURPOSE OF THE ORGANIZATION IS TO EDUCATE THE PUBLIC ABOUT THE HISTORY OF LACE AND LACE-MAKING ALONG WITH PRESENTING CURRENT TRENDS IN THE ART. THIS IS ACCOMPLISHED BY PRESERVING AND DISPLAYING LACE AND LACE-MAKING TOOLS, BY OFFERING CLASSES IN LACE-MAKING, MAKING LACE AND LACE MAKING TOOLS AVAILABLE FOR PURCHASE TO THE PUBLIC,THROUGH THE MUSEUM'S WEBSITE, CALENDAR AND IT'S NEWSLETTER.
Program accomplishments
- THE PURPOSE OF THE ORGANIZATION IS TO EDUCATE THE PUBLIC ABOUT THE HISTORY OF LACE AND LACE-MAKING ALONG WITH PRESENTING CURRENT TRENDS IN THE ART. THIS IS ACCOMPLISHED BY PRESERVING AND DISPLAYING LACE AND LACE-MAKING TOOLS, BY OFFERING CLASSES IN LACE-MAKING, MAKING LACE AND LACE MAKING TOOLS AVAILABLE FOR PURCHASE TO THE PUBLIC, THROUGH THE MUSEUM'S WEBSITE, CALENDAR AND IT'S NEWSLETTER.Expenses $134,210 · revenue $74,760
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2776031
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A540)
- Assets (IRS master file)
- $959,322
- Income (IRS master file)
- $228,384
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $166,814 | $152,640 | $959,322 | IRS |
| 990 | December 2023 | $162,412 | $135,874 | $941,440 | XML |
| 990 | December 2022 | $155,695 | $147,974 | $905,458 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2776031).
Questions about LACE MUSEUM INC
- What is the EIN of LACE MUSEUM INC?
- The employer identification number (EIN) of LACE MUSEUM INC is 94-2776031.
- Is LACE MUSEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to LACE MUSEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LACE MUSEUM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LACE MUSEUM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LACE MUSEUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LACE MUSEUM INC?
- The 990 for the year ended December 31, 2024 names KIM DAVIS.
- Who are the officers and directors of LACE MUSEUM INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $1,249 (JOAN BRASH, BOARD MEMBER).
- How much revenue does LACE MUSEUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $166,814, expenses of $152,640 and total assets of $959,322 at year end.
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