Kansas Oil Museum Inc
- Assets
- $3.1m
- Revenue
- $494.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- El Dorado, KS
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 48-6120516
Organization Overview
Kansas Oil Museum Inc is located in El Dorado, KS. The organization was established in 2005. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Oil Museum Inc 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 12/2021, Kansas Oil Museum Inc generated $494.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $304.4k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF THE KANSAS OIL MUSEUM AND KANSAS OIL HALL OF FAME WHICH IS OPEN TO THE PUBLIC
IMPROVE MAINTAIN AND EXPAND EXHIBITS AND COLLECTIONS AT THE SOCIETYS PRIMARY LOCATION WHICH IS OPEN TO THE PUBLIC
PUBLIC EDUCATION PROGRAMS FOR GRADE SCHOOL AND MIDDLE SCHOOL OUTREACH AS WELL AS GROUP TOURS FOR ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Jack President | 2 | $0 | |
Bayley Allemand Secretary | 2 | $0 | |
Tamara Johnson Trustee | 2 | $0 | |
Jason Artz Trustee | 2 | $0 | |
Julie Clements Trustee | 2 | $0 | |
Tim Myers Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $92,906 |
| Interest on Savings | $7 |
| Dividends & Interest | $71,273 |
| Net Rental Income | $2,320 |
| Net Gain on Sale of Assets | $321,233 |
| Capital Gain Net Income | $321,233 |
| Net ST Capital Gain | $6,502 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$3,905 |
| Other Income | $10,392 |
| Total Revenue | $494,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,000 |
| Other employee salaries and wages | $56,722 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,709 |
| Depreciation | $20,727 |
| Occupancy | $21,605 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $469 |
| Other expenses | $110,473 |
| Total operating and administrative expenses | $304,354 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $304,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,093 |
| Savings and temporary cash investments | $6,129 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $16,582 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $397,017 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $238,404 |
| Total assets | $3,106,342 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $165 |
| Total liabilities | $165 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kansas Oil Museum Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Hunter Legacy Family Foundation Kansas City, MO PURPOSE: CHARITABLE CONTRIBUTION | $2,000 |
Sophia Berman Molk Foundation El Dorado, KS PURPOSE: TO FUND OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |
Clyfford Still Museum Denver, CO | $20,985,352 | $4,386,446 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
American Museum Of Western Art-The Anschutz Collection Denver, CO | $3,359,244 | $1,672,973 |
Kaneko Omaha, NE | $7,661,179 | $2,044,915 |
Museum Of Nebraska Art Kearney, NE | $29,264,897 | $12,796,061 |