Greater Southwest Historical Museum
- Assets
- $2.1m
- Revenue
- $334.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Ardmore, OK
- Founding
- 08/1965
- Data as of
- 12/2022
- EIN
- 73-6107156
Organization Overview
Greater Southwest Historical Museum is located in Ardmore, OK. The organization was established in 1965. 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 12/2022, Greater Southwest Historical Museum employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Southwest Historical Museum 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 12/2022, Greater Southwest Historical Museum generated $334.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $287.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
TO COLLECT, PRESERVE, AND INTERPRET THE SOCIAL, CULTURAL AND ECONOMIC HISTORY OF SOUTH CENTRAL OKLAHOMA WITH SPECIAL EMPHASIS ON ARDMORE AND CARTER COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTED, PRESERVED, AND INTERPRETED THE SOCIAL AND ECONOMIC HISTORY OF SOUTH CENTRAL OKLAHOMA THROUGH DISPLAY AND REFERENCE MATERIALS FOR THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keisha Lemons President | Officer | $0 | |
Wilson Seawright Vice Preside | Officer | $0 | |
Daniel Gibbs Secretary | Officer | $0 | |
Bob Bates Trustee | Trustee | $0 | |
Myka Colbert Trustee | Trustee | $0 | |
Bonnie Watson Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,396 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,971 |
| Total Program Service Revenue | $0 |
| Investment income | $151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,523 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,645 |
| 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. | $54,500 |
| Compensation of current officers, directors, key employees. | $27,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,978 |
| Payroll taxes | $10,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,606 |
| Office expenses | $7,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,869 |
| 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 | $44,248 |
| Insurance | $22,977 |
| All other expenses | $0 |
| Total functional expenses | $287,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,638 |
| Savings and temporary cash investments | $44,080 |
| 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 | $18,493 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,287,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $286,068 |
| Total assets | $2,131,996 |
| Accounts payable and accrued expenses | $46,629 |
| 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 | $60,000 |
| Total liabilities | $106,629 |
| Net assets without donor restrictions | $2,025,167 |
| Net assets with donor restrictions | $200 |
| 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 | $2,131,996 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Southwest Historical Museum has recieved totaling $1,100.
| Awarding Organization | Amount |
|---|---|
Neustadt Charitable Foundation Houston, TX PURPOSE: HISTORICAL RESEARCH AND EDUCATION | $1,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
United States Olympic Museum Colorado Springs, CO | $105,893,156 | $12,173,227 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
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 |
Port Terminal Railroad Association Employee Benefit Plan Houston, TX | $666,713 | $3,214,049 |
Colorado Railroad Historical Foundation Inc Golden, CO | $11,069,630 | $3,773,051 |
Museum Of South Texas History Edinburg, TX | $13,050,416 | $3,078,245 |
National Atomic Museum Foundation Albuquerque, NM | $7,001,482 | $2,166,618 |