Museum Of East Texas
- Assets
- $6.7m
- Revenue
- $378.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Lufkin, TX
- Founding
- 11/1975
- Data as of
- 03/2022
- EIN
- 23-7413826
Organization Overview
Museum Of East Texas is located in Lufkin, TX. The organization was established in 1975. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2023, Museum Of East Texas employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of East Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Museum Of East Texas generated $378.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $385.9k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING AND MAINTAINING A MUSEUM DEVOTED TO THE PROCUREMENT, CARE, AND DISPLAY OF OBJECTS OF LASTING HISTORICAL AND CULTURAL INTEREST. THE MUSEUM OFFERS A VARIETY OF PUBLIC PROGRAMS THROUGHOUT THE YEAR AND IS COMMITTED TO VISUAL ARTS EDUCATION AND CULTURAL ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL MATERIALS, LECTURES AND WORKSHOPS
COLLECTIONS
ART EXHIBITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Len Medford Past President | OfficerTrustee | 1 | $0 |
Carter Meyers President | OfficerTrustee | 1 | $0 |
Sarah Levine 1st VP | OfficerTrustee | 1 | $0 |
Stefanie Ross Trustee | OfficerTrustee | 1 | $0 |
Jennifer Webster Treasurer | OfficerTrustee | 1 | $0 |
Susan Belasco Member-At-Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,910 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,373 |
| Total Program Service Revenue | $0 |
| Investment income | $59,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,216 |
| Net Income from Fundraising Events | $26,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,205 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,917 |
| Compensation of current officers, directors, key employees. | $60,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,840 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,854 |
| Insurance | $26,237 |
| All other expenses | $33,021 |
| Total functional expenses | $385,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,953 |
| Savings and temporary cash investments | $480,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,465,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,000 |
| Prepaid expenses and deferred charges | $3,958 |
| Net Land, buildings, and equipment | $363,577 |
| Investments—publicly traded securities | $4,260,616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,714,885 |
| Accounts payable and accrued expenses | $9,690 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $9,691 |
| Net assets without donor restrictions | $615,518 |
| Net assets with donor restrictions | $6,089,676 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,714,885 |