Armstrong County Museum
- Assets
- $588.5k
- Revenue
- $206.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Claude, TX
- Founding
- 03/1991
- Data as of
- 06/2022
- EIN
- 75-2341811
Organization Overview
Armstrong County Museum is located in Claude, TX. The organization was established in 1991. 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 06/2022, Armstrong County Museum employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armstrong County 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 06/2022, Armstrong County Museum generated $206.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $91.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CAPTURE THE RICH HERITAGE OF ARMSTRONG COUNTY AND CELEBRATE IT THROUGH CULTURAL AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARMSTRONG COUNTY MUSEUM DISPLAYS ARTIFACTS TO PROMOTE AND EDUCATE THE PUBLIC ON THE HISTORY OF THE LOCAL AREA.
THE GEM THEATRE PROVIDES CULTURAL EVENTS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Bagwell Board Member | Trustee | $0 | |
Mila Baldwin 1st Vice Cha | OfficerTrustee | $0 | |
Jennifer Burnett Board Member | Trustee | $0 | |
Alexis Carroll Board Member | Trustee | $0 | |
Shay Christian Treasurer | OfficerTrustee | 5 | $0 |
Vicki Hamblen Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,760 |
| Fundraising events | $5,550 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,950 |
| Total Program Service Revenue | $9,244 |
| Investment income | $8,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,891 |
| Net Gain/Loss on Asset Sales | $8,841 |
| Net Income from Fundraising Events | $14,841 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,519 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,759 |
| 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 | $28,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,615 |
| Fees for services: Accounting | $3,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,539 |
| Advertising and promotion | $12,045 |
| Office expenses | $226 |
| Information technology | $0 |
| Royalties | $140 |
| Occupancy | $17,713 |
| 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 | $10,936 |
| Insurance | $7,089 |
| All other expenses | -$6,785 |
| Total functional expenses | $91,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,135 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,259 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $185,365 |
| Investments—publicly traded securities | $232,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $588,465 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $588,465 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $588,465 |