Texas Museums & Halls Of Fame
- Assets
- $583.3k
- Revenue
- $591.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Waco, TX
- Founding
- 07/1991
- Data as of
- 12/2021
- EIN
- 74-2603242
Organization Overview
Texas Museums & Halls Of Fame is located in Waco, TX. The organization was established in 1991. As of 12/2021, Texas Museums & Halls Of Fame employed 11 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 12/2021, Texas Museums & Halls Of Fame generated $591.7k 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 (3.1%) each year. All expenses for the organization totaled $456.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Cooper Jones Executive Director | Officer | 40 | $8,993 |
H Bland Cromwell Trustee | OfficerTrustee | 1 | $0 |
Bob Woodard Chair | OfficerTrustee | 1 | $0 |
Mike Harder Treasurer | OfficerTrustee | 1 | $0 |
Lee Fischer Trustee | OfficerTrustee | 1 | $0 |
Tom Hill Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,750 |
| Fundraising events | $166,500 |
| Related organizations | $0 |
| Government grants | $108,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,080 |
| Total Program Service Revenue | $136,331 |
| Investment income | $25,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,677 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $591,737 |
| 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. | $8,693 |
| Compensation of current officers, directors, key employees. | $956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $300 |
| Payroll taxes | $14,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26 |
| Office expenses | $11,900 |
| Information technology | $3,942 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303 |
| Interest | $9,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,285 |
| Insurance | $1,288 |
| All other expenses | $22,513 |
| Total functional expenses | $456,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,152 |
| Inventories for sale or use | $32,704 |
| Prepaid expenses and deferred charges | $7,049 |
| Net Land, buildings, and equipment | $110,030 |
| Investments—publicly traded securities | $344,881 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $583,326 |
| Accounts payable and accrued expenses | $11,237 |
| Grants payable | $0 |
| Deferred revenue | $81,390 |
| 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 | $187,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $807 |
| Total liabilities | $280,434 |
| Net assets without donor restrictions | $38,778 |
| Net assets with donor restrictions | $264,114 |
| 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 | $583,326 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Museums & Halls Of Fame has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Houston Texans Foundation Houston, TX PURPOSE: PRESERVES THE LEGACIES OF OUR INDUCTEES & THE HISTORY OF SPORTS IN TX IN ORDER TO EDUCATE & INSPIRE GUESTS OF ALL AGES. | $20,000 |
Endowment Analysis
| Beg. Balance | $109,598 |
| Earnings | $10,428 |
| Other Expense | $7,173 |
| Ending Balance | $112,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cable Television Laboratories Inc Louisville, CO | $47,325,607 | $76,632,755 |
Houston Museum Of Natural Science Houston, TX | $243,476,932 | $54,084,906 |
Academy Of Mathematics & Science South Inc Tucson, AZ | $124,208,680 | $62,725,140 |
Denver Center For The Performing Arts Denver, CO | $79,355,103 | $53,451,587 |
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Kimbell Art Foundation Fort Worth, TX | $668,076,057 | $22,208,896 |
Kaizen Educational Foundation Phoenix, AZ | $53,687,317 | $45,601,979 |
Tessitura Network Inc Dallas, TX | $21,809,645 | $43,977,511 |
The Colorado Museum Of Natural History Denver, CO | $33,823,512 | $55,828,700 |
Arkansas Museum Of Fine Arts Foundation Little Rock, AR | $93,043,643 | $19,970,442 |
Sundance Institute Park City, UT | $74,490,160 | $34,020,589 |