Lake Jackson Historical Association
- Assets
- $1.3m
- Revenue
- $253.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Lake Jackson, TX
- Founding
- 06/1984
- Data as of
- 12/2022
- EIN
- 76-0095294
Organization Overview
Lake Jackson Historical Association is located in Lake Jackson, TX. The organization was established in 1984. 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 12/2022, Lake Jackson Historical Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Jackson Historical Association 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, Lake Jackson Historical Association generated $253.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $219.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
THE MISSION OF THE LAKE JACKSON HISTORICAL ASSOCIATION IS TO PROVIDE EDUCATION RELATIVE TO THE HISTORY AND CULTURE OF THE AREA OF BRAZORIA COUNTY, TEXAS KNOWN AS LAKE JACKSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AND PROGRAMMING FOR THE LAKE JACKSON HISTORICAL MUSEUM AND THE ALDEN DOW BUILDING, AND PRESERVATION OF THE ABNER JACKSON PLANTATION RUINS HISTORICAL SITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Scovil Executive Di | Officer | 40 | $49,402 |
Karla Christman Member | Trustee | $0 | |
Michael Coburn Member | Trustee | $0 | |
Wes Copeland Member | Trustee | $0 | |
Michaela Damm Member | Trustee | $0 | |
Johnny Elias Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,174 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,644 |
| Noncash contributions included in lines 1a–1f | $14,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,818 |
| Total Program Service Revenue | $0 |
| Investment income | $17,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,416 |
| Net Income from Fundraising Events | $251 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,506 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,859 |
| 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 | $125,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,412 |
| Payroll taxes | $9,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $546 |
| Office expenses | $2,493 |
| Information technology | $925 |
| Royalties | $0 |
| Occupancy | $13,033 |
| Travel | $1,851 |
| 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 | $9,780 |
| Insurance | $6,349 |
| All other expenses | $10,670 |
| Total functional expenses | $219,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,842 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $400,756 |
| Investments—publicly traded securities | $876,257 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,285,855 |
| Accounts payable and accrued expenses | $544 |
| Grants payable | $0 |
| Deferred revenue | $29,008 |
| 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 | $29,552 |
| Net assets without donor restrictions | $546,982 |
| Net assets with donor restrictions | $709,321 |
| 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 | $1,285,855 |