Panhandle-Plains Historical Society
- Assets
- $16.0m
- Revenue
- $3.4m
- Investments
- $9.6m
- Employees
- 0
- Location
- Canyon, TX
- Founding
- 04/1951
- Data as of
- 08/2023
- EIN
- 75-6019872
Organization Overview
Panhandle-Plains Historical Society is located in Canyon, TX. The organization was established in 1951. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle-Plains Historical Society 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 08/2023, Panhandle-Plains Historical Society generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.2m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, PRESERVE, CONSERVE, EXHIBIT AND INTERPRET THE HISTORICAL, ETHNOLOGICAL, CULTURAL, AND SCIENTIFIC HERITAGE OF THE PANHANDLE-PLAINS REGION OF TEXAS AND RELTAED AREAS OF THE SOUTHWEST; TO OPERATE AND MAINTAIN THE PANHANDLE-PLAINS HISTORICAL MUSEUM IN ACCORDANCE WITH THE RULES AND REGULATIONS OF THE TEXAS A&M UNIVERSITY BOARD OF REGENTS; TO ENLIST INTEREST AND SUPPORT IN ACHIEVING THE MISSION; AND TO UNDERTAKE OTHER RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - COLLECTING, PRESERVING, AND EXHIBITING HISTORICAL MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paul Matney President | OfficerTrustee | 0 | $0 |
Ellen Jones President-El | OfficerTrustee | 0 | $0 |
Joel Hogue Past Preside | OfficerTrustee | 0 | $0 |
Suzanne Wheeler Treasurer | OfficerTrustee | 0 | $0 |
Jason Boyett Director | Trustee | 0 | $0 |
Gayle Callahan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,274 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $307,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $641,457 |
| Total Program Service Revenue | $611,610 |
| Investment income | $604,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,465,768 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$49,819 |
| Net Income from Fundraising Events | $73,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,665 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,383,748 |
| 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 | $1,344,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,736 |
| Fees for services: Other | $28,395 |
| Advertising and promotion | $117,001 |
| Office expenses | $26,641 |
| Information technology | $27,914 |
| Royalties | $0 |
| Occupancy | $53,179 |
| Travel | $50,826 |
| 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 | $60,550 |
| Insurance | $12,554 |
| All other expenses | $48,711 |
| Total functional expenses | $2,242,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,610,189 |
| Savings and temporary cash investments | $949,508 |
| 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 | $34,047 |
| Prepaid expenses and deferred charges | $23,181 |
| Net Land, buildings, and equipment | $549,917 |
| Investments—publicly traded securities | $3,120,954 |
| Investments—other securities | $9,629,196 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,630 |
| Total assets | $16,031,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $83,500 |
| 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 | $83,500 |
| Net assets without donor restrictions | $8,308,520 |
| Net assets with donor restrictions | $7,639,602 |
| 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 | $16,031,622 |