Old Independence Regional Museum Inc
- Assets
- $1.4m
- Revenue
- $207.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Batesville, AR
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 71-0752573
Organization Overview
Old Independence Regional Museum Inc is located in Batesville, AR. The organization was established in 1994. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Old Independence Regional Museum Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Independence Regional 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, Old Independence Regional Museum Inc generated $207.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $212.8k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE GENERAL PUBLIC THROUGH PROVISION OF PREHISTORIC AND HISTORICAL INFORMATION ABOUT INDEPENDENCE COUNTY AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES THE GENERAL PUBLIC THROUGH PROVISION OF PREHISTORIC AND HISTORICAL INFORMATION ABOUT INDEPENDENCE COUNTY AND THE SURROUNDING AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Reed Executive Dir. | OfficerTrustee | 40 | $27,000 |
Kenny Gerhardt Treasurer | OfficerTrustee | 1 | $0 |
Amelia Bowman President | OfficerTrustee | 1 | $0 |
Amy Howard Secretary | OfficerTrustee | 1 | $0 |
Landon Reeves Vice President | OfficerTrustee | 1 | $0 |
Bill Oliva Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,345 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,410 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,737 |
| Total Program Service Revenue | $0 |
| Investment income | $22,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$310 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,075 |
| 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. | $27,000 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,121 |
| Office expenses | $55,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,653 |
| 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 | $41,436 |
| Insurance | $8,930 |
| All other expenses | $524 |
| Total functional expenses | $212,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,001 |
| Savings and temporary cash investments | $449,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,951 |
| Prepaid expenses and deferred charges | $2,512 |
| Net Land, buildings, and equipment | $843,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,379,640 |
| Accounts payable and accrued expenses | $3,691 |
| 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 | $0 |
| Total liabilities | $3,691 |
| Net assets without donor restrictions | $909,823 |
| Net assets with donor restrictions | $466,126 |
| 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 | $1,379,640 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Independence Regional Museum Inc has recieved totaling $61.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National World War Ii Museum Inc New Orleans, LA | $356,423,154 | $49,812,071 |
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Dallas Holocaust Museum Dallas, TX | $66,648,208 | $7,378,894 |
Alamo Trust Inc San Antonio, TX | $7,473,583 | $9,052,846 |
Lone Star Flight Museum Houston, TX | $40,810,370 | $4,057,590 |
Dallas County Historical Foundation Dallas, TX | $11,613,862 | $4,636,701 |
Bryan Texana Foundation Houston, TX | $8,461,183 | $2,408,537 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Port Terminal Railroad Association Employee Benefit Plan Houston, TX | $666,713 | $3,214,049 |