Texarkana Historical Society And Museum
- Assets
- $939.8k
- Revenue
- $178.1k
- Investments
- $0.0
- Employees
- 81
- Location
- Texarkana, TX
- Founding
- 05/1971
- Data as of
- 12/2020
- EIN
- 75-1338387
Organization Overview
Texarkana Historical Society And Museum, operating under the name Texarkana Museums System, is located in Texarkana, TX. The organization was established in 1971. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Texarkana Museums System employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texarkana Museums System 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 12/2020, Texarkana Museums System generated $178.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $202.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND PRESERVATION OF MUSEUMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXARKANA HISTORICAL MUSEUMS - MEMBERSHIPS FOR 2021 WAS 104
ACE OF CLUBS HOUSE
AHEARN HOUSE
TEXARKANA HISTORICAL MUSEUMS - MEMBERSHIPS FOR 2021 WAS 104
AHEARN HOUSE
ACE OF CLUBS HOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Velvet Hall Cool President | OfficerTrustee | 5 | $0 |
Jay T Hoy Treasurer | OfficerTrustee | 0 | $0 |
Jeff Brown Vice President | OfficerTrustee | 0 | $0 |
Jo Thomason Secretary | OfficerTrustee | 0 | $0 |
Jason Carter Director | Trustee | 0 | $0 |
Tom Cutrer Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,015 |
| Investment income | $2,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$25 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,989 |
| Net Income from Gaming Activities | $18,454 |
| Net Income from Sales of Inventory | -$82 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,140 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $47,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,423 |
| Office expenses | $8,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,661 |
| 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 | $58,208 |
| Insurance | $19,327 |
| All other expenses | $0 |
| Total functional expenses | $202,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,885 |
| Accounts receivable, net | $66,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,289 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $939,821 |
| Accounts payable and accrued expenses | $4,738 |
| 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 | $42,412 |
| Other liabilities | $0 |
| Total liabilities | $47,150 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $892,671 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texarkana Historical Society And Museum has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |
Dallas Historical Society Hall Of State Fair Park Dallas, TX | $2,271,425 | $1,532,505 |
Cherokee National Historical Society Inc Tahlequah, OK | $2,426,107 | $954,302 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
Tulsa Historical Society Tulsa, OK | $8,618,832 | $802,922 |