TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
ALLEGANY MUSEUM INC

Number and street (or P.O. box number if mail is not delivered to street address) 3 PERSHING STREET
Room/suite

City or town
CUMBERLAND

State or province
MD

Country

ZIP or foreign postal code
21502

A Employer identification number

52-1316124

B Telephone number (see instructions)

3017777200

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$2,081,233J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	142,108
2	Check .................
3	Interest on savings and temporary cash investments	44		44	44
4	Dividends and interest from securities...	4,776		4,776	4,776
5a	Gross rents............	139,920		139,920	139,920
b	Net rental income or (loss) 39,344
6a	Net gain or (loss) from sale of assets not on line 10		1,844
b	Gross sales price for all assets on line 6a 1,844
7	Capital gain net income (from Part IV, line 2)...			1,844
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	288,692		146,584	144,740
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,800	810	810	990
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	16,130			16,130
17	Interest...............	1,111				1,111
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	11,317			11,317
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	92,759	26,474	26,474
20	Occupancy..............	79,352		40,302	40,302	39,050
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	132,446	32,990	32,990	99,456
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	334,915		100,576	100,576	168,054
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25 ................	334,915		100,576	100,576	168,054
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-46,223
b	Net investment income (if negative, enter -0-)			46,008
c	Adjusted net income (if negative, enter -0-)...				44,164

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	278,340	91,169	91,169
	2	Savings and temporary cash investments.........	2,805	2,806	2,806
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	332,333	List of Attached Documents: // Content 377,658	377,658
	14	Land, buildings, and equipment: basis 2,970,987
		Less: accumulated depreciation (attach schedule) 1,012,977	1,820,958	List of Attached Documents: // Content 1,958,010	1,609,600
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,434,436	2,429,643	2,081,233
	17	Accounts payable and accrued expenses..........		4,364
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	23,631	List of Attached Documents: // Content 20,018
	22	Other liabilities (describe )	List of Attached Documents: // Content 1,150	List of Attached Documents: // Content 1,150
	23	Total liabilities (add lines 17 through 22).........	24,781	25,532
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	2,409,655	2,404,111
	29	Total net assets or fund balances (see instructions).....	2,409,655	2,404,111
	30	Total liabilities and net assets/fund balances (see instructions).	2,434,436	2,429,643

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

2,409,655

Enter amount from Part I, line 27a .....................

-46,223

Other increases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

40,679

Add lines 1, 2, and 3 ..........................

2,404,111

Decreases not included in line 2 (itemize)

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..

2,404,111

Form 990-PF (2025)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,844
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	640
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	640
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	640
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	640
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	640
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax	Refunded	11
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ (2) On foundation managers.$

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website addressALLEGANYMUSEUM.ORG

The books are in care ofMIKE FETCHERO Telephone no. (301) 777-7200

Located at10104 GOLF CREEK DR SECUMBERLANDMD ZIP+421502

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........

and enter the amount of tax-exempt interest received or accrued during the year ........

16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2025? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check .........

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JERRY ROBINETTE	DIRECTOR 000.00	0	0	0
73 LAVALE BLVD LAVALE,MD21502	DIRECTOR 000.00	0	0	0
COURTNEY MCKAY-JENSEN	DIRECTOR 000.00	0	0	0
3 DECATUR ST CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
MIKE FETCHERO	TREASURER 000.00	0	0	0
10104 GOLF CREEK DR SE CUMBERLAND,MD21502	TREASURER 000.00	0	0	0
JOHN DENIKER	SECRETARY 000.00	0	0	0
119 WOOD STREET WESTERNPORT,MD21562	SECRETARY 000.00	0	0	0
ALEXANDER HALL	DIRECTOR 000.00	0	0	0
77 GRACE LANE RIDGELEY,WV26753	DIRECTOR 000.00	0	0	0
VICTOR REZENDES	VICE PRESIDE 000.00	0	0	0
819 WINDSOR RD CUMBERLAND,MD21502	VICE PRESIDE 000.00	0	0	0
CHRISTOPHER LOGSDON	PRESIDENT 000.00	0	0	0
816 BISHOP WALSH RD CUMBERLAND,MD21502	PRESIDENT 000.00	0	0	0
DEBRA FRANK	DIRECTOR 000.00	0	0	0
17 FOREST DRIVE LAVALE,MD21502	DIRECTOR 000.00	0	0	0
JOSEPH GEORGE	DIRECTOR 000.00	0	0	0
905 CAMDEN AVE CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
CLARA PORCELLO	DIRECTOR 000.00	0	0	0
263 ARMSTRONG AVE FROSTBURG,MD21532	DIRECTOR 000.00	0	0	0
MARY SHROUT	DIRECTOR 000.00	0	0	0
1117 BISHOP WALSH DRIVE CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
JOHN WUNDERLICK	DIRECTOR 000.00	0	0	0
15 PROSPECT SQUARE CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
RAY MORRISS	DIRECTOR 000.00	0	0	0
914 CAMDEN AVE CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
DR KARA ROGERS THOMAS	DIRECTOR 000.00	0	0	0
504 OLDTOWN RD CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
BILL ATKINSON	DIRECTOR 000.00	0	0	0
701 KELLY ROAD CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
JEREMY BRENNEMAN	DIRECTOR 000.00	0	0	0
3142 FOXTOWN RD ACCIDENT,MD21520	DIRECTOR 000.00	0	0	0
GATES SUKH	DIRECTOR 000.00	0	0	0
422 GREENE ST CUMBERLAND,MD21502	DIRECTOR 000.00	0	0	0
DAVID JONES	DIRECTOR 000.00	0	0	0
115 PINE CREST DRIVE FROSTBURG,MD21532	DIRECTOR 000.00	0	0	0
CLARA PORCELLO	DIRECTOR 000.00	0	0	0
263 ARMSTRONG AVE FROSTBURG,MD21532	DIRECTOR 000.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (2025)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	TO OPERATE A MUSEUM THAT COLLECTS THE MATERIAL CULTURE OF THE PEOPLE, PAST AND PRESENT, OF THE ALLEGANY REGION FOR THE BENEFIT OF PRESENT AND FUTURE GENERATIONS.	234,340
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................

Form 990-PF (2025)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

354,995

Average of monthly cash balances.......................

187,560

Fair market value of all other assets (see instructions)................

724,320

Total (add lines 1a, 1b, and 1c).......................

1,266,875

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

20,018

Subtract line 2 from line 1d.........................

1,246,857

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

18,703

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,228,154

Minimum investment return. Enter 5% (0.05) of line 5 ................

61,408

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

Minimum investment return from Part IX, line 6..................

61,408

Tax on investment income for 2025 from Part V, line 5 .......

640

Income tax for 2025. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

640

Distributable amount before adjustments. Subtract line 2c from line 1............

60,768

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

60,768

Deduction from distributable amount (see instructions) .................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

60,768

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

168,054

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

229,813

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

397,867

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2025
1 Distributable amount for 2025 from Part X, line 7			60,768
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2025:
a From 2020......	190,448
b From 2021......	94,136
c From 2022......	113,274
d From 2023......	136,161
e From 2024......	140,309
f Total of lines 3a through e ........		674,328
4Qualifying distributions for 2025 from Part
XI, line 4: $ 397,867
a Applied to 2024, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions) .....
c Treated as distributions out of corpus (Election required—see instructions) ........
d Applied to 2025 distributable amount.....			60,768
e Remaining amount distributed out of corpus		337,099
5 Excess distributions carryover applied to 2025.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,011,427
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		190,448
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		820,979
10 Analysis of line 9:
a Excess from 2021 ....	94,136
b Excess from 2022 ....	113,274
c Excess from 2023 ....	136,161
d Excess from 2024 ....	140,309
e Excess from 2025 ....	337,099

Form 990-PF (2025)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

b 85% (0.85) of line 2a .......
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, 3b, or 3c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	44
4 Dividends and interest from securities ....			14	4,776
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	39,344
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			14	1,844
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				46,008

13Total. Add line 12, columns (b), (d), and (e)..................

46,008

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2025)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 AccountingFeesSchedule

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	990			990
COMMERCIAL, CUMBERLAND, MD	810	810	810

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2025 DepreciationSchedule

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income
LAND-PERSHING	2000-11-03	30,000
BUILDING-PERSHING	2000-11-03	629,236	389,238	S/L	39.0000	16,134	16,134	16,134
ARCHITECT FEES	2000-11-03	2,000	1,232	S/L	39.0000	51	51	51
A/C SYSTEM WORK	2005-06-30	3,250	1,624	S/L	39.0000	84	84	84
BOILERS	2005-06-30	70,245	35,197	S/L	39.0000	1,801	1,801	1,801
EMERGENCY LIGHTS	2005-06-30	2,917	1,465	S/L	39.0000	74	74	74
CHILLER	2005-06-30	38,387	18,248	S/L	39.0000	984	984	984
LOAN FEES	2005-06-30	2,411	1,211	S/L	39.0000	62	62	62
PARKING LOT	2007-06-30	2,600	2,600	150DB	15.0000
FLOORING	2007-06-30	10,990	4,946	S/L	39.0000	281	281	281
LARGE PORTABLE STAGE	2012-06-30	9,110	9,110	200DB	7.0000
SMALL PORTABLE STAGE	2012-06-30	3,549	3,549	200DB	7.0000
COMPTROLLER BUILDOUT	2014-06-30	104,005	28,116	S/L	39.0000	2,666	2,666	2,666
1ST FLOOR IMPROVEMENTS	2015-06-30	16,022	3,921	S/L	39.0000	411	411	411
SPRINKLER SYSTEM	2016-06-30	97,173	21,285	S/L	39.0000	2,492	2,492	2,492
KITCHEN EQUIPMENT	2011-06-30	3,242	3,242	200DB	7.0000
ELECTRONIC DOOR CONTROLS	2023-04-14	10,038	2,509	S/L	7.0000	1,434	1,434	1,434
SIGN	2010-06-30	7,049	7,049	200DB	7.0000
FURNITURE & TV	2000-06-30	350
TV MONITOR	2012-06-30	1,226	1,226	200DB	7.0000
MUSEUM IMPROVEMENTS	2010-06-30	470,159	175,313	S/L	39.0000	12,055
DSL SOUND	2012-06-30	21,699	6,977	S/L	39.0000	556
SPRINKLER SYSTEM	2016-06-30	52,324	11,461	S/L	39.0000	1,342
PHASE 2 IMPROVEMENTS	2018-01-01	318,093	57,094	S/L	39.0000	8,156
EQUIPMENT	2010-06-30	20,999	20,999	200DB	7.0000
OLD EQUIPMENT	2000-06-30	6,709
COMPUTER	2017-06-30	3,138	3,138	200DB	5.0000
WINDOW BLINDS	2000-06-30	780
FIRST FLOOR IMPROVEMENTS	2020-07-28	321,077	36,361	S/L	39.0000	8,233
EXHIBITS	2021-06-30	24,617	4,308	S/L	20.0000	1,231
HVAC SYSTEM DOWN PYMT	2023-07-05	55,530	5,553	S/L	15.0000	3,702
FINAL PHASE CONSTRUCTION	2022-06-30	187,166	43,142	150DB	15.0000	14,402
DISPLAY PANELS, EXHIBIT UPGRADES	2022-06-30	30,082	3,760	S/L	20.0000	1,504
HVAC SYSTEM	2023-07-05	25,110	2,511	S/L	15.0000	1,674
CREATIVE CENTER DESIGN COSTS	2023-06-30	50,250	5,025	S/L	15.0000	3,350
CREATIVE CENTER DEMOLITION COSTS	2023-11-18	18,120	1,309	S/L	15.0000	1,208
CREATIVE CENTER PEDESTAL CASE	2023-08-24	5,000	952	S/L	7.0000	715
CREATIVE CENTER APPALACHIAN TRAD VIDEO	2023-08-24	3,500	933	S/L	5.0000	700
CREATIVE CENTER ART BACKGROUND FOR STAGE	2023-12-11	7,000	1,083	S/L	7.0000	1,000
EELCTRONIC DOOR CONTROLS	2023-04-14	8,213	2,053	S/L	7.0000	1,173
CREATIVE CENTER HVAC	2024-02-16	39,230	2,179	S/L	15.0000	2,616
CREATIVE CENTER ARCHITECT	2024-03-25	5,956	298	S/L	15.0000	397
CREATIVE CENTER DESIGN & EQUIPMENT	2024-12-26	11,900		S/L	7.0000	1,700
GRINDER PUMP SYSTEM	2025-08-04	20,566		S/L	15.0000	571
CREATIVE CENTER IMPROVEMENTS	2025-12-31	209,247		S/L	15.0000

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
CBIZ INVESTMENT ACCOUNT	FMV	336,302	336,302
CTF ENDOWMENT INVESTMENT ACCT	FMV	41,356	41,356

- TIN:

TY 2025 LandEtcSchedule2

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
DEPRECIABLE ASSETS	2,940,987	1,012,977	1,928,010	1,609,600
LAND	30,000		30,000

- TIN:

TY 2025 MortgagesAndNotesPayableSch

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Total Mortgage Amount:

Item No.	1
Lender's Name	FIRST UNITED BANK
Lender's Title
Relationship to Insider
Original Amount of Loan	130,720
Balance Due	20,018
Date of Note	2010-03
Maturity Date	1930-09
Repayment Terms	MONTHLY
Interest Rate	0.0500
Security Provided by Borrower	PROPERTY AT 3 PERSHING ST.
Purpose of Loan	BUILDING IMPROVEMENTS
Description of Lender Consideration
Consideration FMV

- TIN:

TY 2025 OtherExpensesSchedule

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
COMMERCIAL, CUMBERLAND, MD
ELEVATOR	3,643	3,643	3,643
POSTAGE	140	140	140
BANK FEES	38	38	38
REPAIRS	8,798	8,798	8,798
JANITORIAL	9,000	9,000	9,000
MISCELLANEOUS	3	3	3
COMPUTER EXPENSES	300	300	300
ROOM RENTAL EXPENSES	11,068	11,068	11,068
EXPENSES
JANITORIAL	11,000			11,000
BANK FEES	47			47
DUES AND SUBSCRIPTIONS	397			397
REPAIRS	10,753			10,753
CASUAL LABOR	23,178			23,178
MUSUEM SUPPLIES	16,480			16,480
TRAINING EXPENSES	10,175			10,175
ELEVATOR	4,452			4,452
TELEPHONE	6,488			6,488
ADVERTISING & PROMOTION	914			914
VOLUNTEER EXPENSE	1,471			1,471
COMPUTER EXPENSES	367			367
WHISKEY REBELLION EXPENSES	12,249			12,249
MURDER MYSTERY EXPENSES	1,316			1,316
MISCELLANEOUS
POSTAGE	169			169

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Description	Amount
UNREALIZED GAINS ON INVESTMENTS	40,679

- TIN:

TY 2025 OtherLiabilitiesSchedule

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Description	Beginning of Year - Book Value	End of Year - Book Value
SECURITY DEPOSITS	1,150	1,150

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROFESSIONAL FEES	12,380			12,380
LOBBYIST	3,750			3,750

- TIN:

TY 2025 TaxesSchedule

Name:

ALLEGANY MUSEUM INC

EIN:

52-1316124

Category	Amount	Disbursements for Charitable Purposes
REAL ESTATE TAXES	10,208	10,208
INVESTMENT INCOME TAX	1,092	1,092
LICENSES & PERMITS	17	17
GAMING TAX