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CHARITY REVIEW
Issued: November 2024 Expires: November 2026

Frazier History Museum

Accredited Charity
Accredited Charity

Meets Standards

829 West Main Street
Louisville, KY, 40202-2619

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Frazier History Museum meets the 20 Standards for Charity Accountability.

Stated Purpose:
To ignite the human spirit with thoughtfully crafted stories to spark curiosity about who we are and our connection to the future.

Year, State Incorporated:
2000, KY

The Frazier History Museum is a nonprofit that encompasses everything Kentucky. Proceeds from memberships, admissions, group sales, facility rentals, and donations support the museum’s exhibitions and educational programs, including free or reduced admission for Title 1 students; Frazier Weekly, the “Let’s Talk: Bridging the Divide” series; summer, fall, and winter camps; guided tours, guest engagements, and Stories in Mind, which brings the Frazier into long-term care communities. Annual fundraisers include Summer Beer Fest at Frazier and the Owsley Brown Frazier Classic Sporting Clay Tournament.

For the year ended June 30, 2023, Frazier History Museum's program expenses were:

Exhibition and projects $1,854,975
Museum store, membership, and volunteer services $747,840
Facilities rental $711,837
Education $526,530
Total Program Expenses $3,841,182

Chief Executive
Andy Treinen, President & CEO

Chair of the Board
Mr. J. McCauley "Mac" Brown

Chair's Profession / Business Affiliation
Retired, Brown-Forman

Board Size
24

Paid Staff Size
65

Method(s) Used:
Direct mail appeals, Telephone appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Radio, Grant proposals, Internet, Membership appeals, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 22.50%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Frazier History Museum's audited financial statements for the year ended June 30, 2023.

Source of Funds
Investment income (loss), net of fees $2,116,868
Facilities rental $660,433
Admissions $599,209
Other $544,061
Grants $263,277
Museum store sales, net $227,573
Contributions $204,448
Membership dues $118,027
Total Income $4,733,896

Programs: 71% Fundraising: 2% Administrative: 27%

Total Income $4,733,896
Total expenses: $5,406,688
  Program expenses $3,841,182
  Fundraising expenses $131,818
  Administrative expenses $1,433,688
  Other expenses $0
Income in Excess of Expenses $-672,792
Beginning Net Assets $28,900,253
Other Changes In Net Assets $0
Ending Net Assets $28,227,461
Total Liabilities $7,799,745
Total Assets $36,027,206
Ending net assets as reported above include $11,317,700 without donor restrictions and $16,909,761 with donor restrictions.

Total assets as reported above include $17,666,132 in property, equipment, and improvements, net.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB serving Greater Kentucky and South Central Indiana