Texas Museums & Halls Of Fame
- Assets
- $475.4k
- Revenue
- $514.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Waco, TX
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 74-2603242
Organization Overview
Texas Museums & Halls Of Fame is located in Waco, TX. The organization was established in 1991. As of 12/2022, Texas Museums & Halls Of Fame employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Museums & Halls Of Fame 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, Texas Museums & Halls Of Fame generated $514.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $489.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
EDUCATE PUBLIC ABOUT SPORTS HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MUSEUM EXHIBITS TO INFORM AND EDUCATE THE GENERAL PUBLIC ABOUT SPORTS HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Woodard Past Chair | OfficerTrustee | 1 | $0 |
Mike Harder Chairman | OfficerTrustee | 1 | $0 |
H Bland Cromwell Trustee | OfficerTrustee | 1 | $0 |
Lee Fischer Trustee | OfficerTrustee | 1 | $0 |
Tom Hill Trustee | OfficerTrustee | 1 | $0 |
David Lacy Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,075 |
| Fundraising events | $227,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,078 |
| Total Program Service Revenue | $133,912 |
| Investment income | $10,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,590 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,521 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,892 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $495 |
| Office expenses | $14,618 |
| Information technology | $4,114 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $176 |
| Interest | $8,128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,281 |
| Insurance | $501 |
| All other expenses | $23,657 |
| Total functional expenses | $489,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,294 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,511 |
| Prepaid expenses and deferred charges | $16,870 |
| Net Land, buildings, and equipment | $107,575 |
| Investments—publicly traded securities | $267,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,776 |
| Total assets | $475,368 |
| Accounts payable and accrued expenses | $9,582 |
| Grants payable | $0 |
| Deferred revenue | $51,885 |
| 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 | $164,776 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $659 |
| Total liabilities | $226,902 |
| Net assets without donor restrictions | $42,705 |
| Net assets with donor restrictions | $205,761 |
| 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 | $475,368 |