Museum Of The Rockies
- Assets
- $31.4m
- Revenue
- $8.8m
- Investments
- $20.4m
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 04/1966
- Data as of
- 12/2021
- EIN
- 81-6016828
Organization Overview
Museum Of The Rockies is located in Bozeman, MT. The organization was established in 1966. According to its NTEE Classification (A50) the organization is classified as: 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. Museum Of The Rockies 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, Museum Of The Rockies generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM OF THE ROCKIES INSPIRES LIFE-LONG LEARNING IN SCIENCE, HISTORY, CULTURE, AND ART; ADVANCES KNOWLEDGE THROUGH COLLECTIONS, RESEARCH AND DISCOVERY; AND PRESENTS ENGAGING, VIBRANT EXHIBITS AND EDUCATIONAL OPPORTUNITIES. MUSEUM OF THE ROCKIES BRINGS THE WORLD TO MONTANA AND SHARES MONTANA.
Describe the Organization's Program Activity:
CONSTRUCTION AND PRESENTATION OF PERMANENT AND TEMPORARY EXHIBITS THAT INFORMS THE PUBLIC ABOUT THE RESULTS OF THE MUSEUM'S RESEARCH. THE MUSEUM CONDUCTS RESEARCH AND ACQUIRES AND MAINTAINS COLLECTIONS FOR PUBLICATION, EXHIBITION, AND TEACHING.
THE MUSUEM DEVELOPS AND PROVIDES EDUCATION PROGRAMS INTERNALLY AND THROUGH OUTREACH PROGRAMS TO STUDENTS.
THE MUSEUM OPERATES A BOOKSTORE AND GIFT SHOP IN THE MUSEUM. BOOKS, SCIENCE KITS, AND OTHER INVENTORY ARE SELECTED WITH CONSIDERATION OF HOW THEY CONTRIBUTE TO THE MUSEUM'S MISSION. EXPENSES REPORTED ABOVE ON LINE 4C REPRESENT FUNCTIONAL EXPENSES ONLY. AS PRESENTED IN PART IX EXPENSES REPORTED ABOVE ON LINE 4C DO NOT INCLUDE COST OF GOODS SOLD AMOUNTING TO $688,398 AS PRESENTED IN PART VIII, LINE 10B.
THE MUSEUM OFFERS MEMBERSHIPS THAT PROVIDE FREE, UNLIMITED ADMISSION TO THE MUSEUM AND THE PLANETARIUM, DISCOUNTS ON CLASSES, PROGRAMS, FIELD TRIPS, AND STORE MERCHANDISE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Schmidt Vice President | OfficerTrustee | 2 | $0 |
Larry Larson Secretary | OfficerTrustee | 2 | $0 |
Matt Miller President | OfficerTrustee | 3 | $0 |
Randy Scully Treasurer | OfficerTrustee | 2 | $0 |
Chris Dobbs Executive Director | Officer | 40 | $0 |
Melodee Hanes Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Security Solutions Security | 12/30/17 | $103,179 |
Peeling Productions Exhibit Design And Fabrication | 12/30/17 | $168,463 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $504,372 |
| Fundraising events | $405,495 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,704,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,614,664 |
| Total Program Service Revenue | $2,477,761 |
| Investment income | $452,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $880,290 |
| Net Income from Fundraising Events | -$127,566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $536,875 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,834,590 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,413 |
| Fees for services: Other | $161,338 |
| Advertising and promotion | $180,134 |
| Office expenses | $93,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,512 |
| Travel | $12,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,907 |
| Insurance | $4,459 |
| All other expenses | $7,731 |
| Total functional expenses | $2,596,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,660 |
| Savings and temporary cash investments | $4,959,848 |
| Pledges and grants receivable | $1,500,000 |
| Accounts receivable, net | $6,235 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,058 |
| Prepaid expenses and deferred charges | $331,864 |
| Net Land, buildings, and equipment | $638,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,416,190 |
| Investments—program-related | $0 |
| Intangible assets | $3,463,765 |
| Other assets | $42,040 |
| Total assets | $31,412,475 |
| Accounts payable and accrued expenses | $414,725 |
| Grants payable | $0 |
| Deferred revenue | $298,130 |
| 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 | $159,318 |
| Total liabilities | $872,173 |
| Net assets without donor restrictions | $16,943,570 |
| Net assets with donor restrictions | $13,596,732 |
| 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 | $31,412,475 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Museum Of The Rockies has recieved totaling $1,755,036.
| Awarding Organization | Amount |
|---|---|
Wem Foundation Minneapolis, MN PURPOSE: GENERAL | $1,540,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: MEMBERSHIP MARKETING PROJECT | $61,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for paleontology research and education | $17,000 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $9,825 |
Morton H Meyerson Family Foundation Dallas, TX PURPOSE: GENERAL PURPOSE SUPPORT | $5,065 |
Endowment Analysis
| Beg. Balance | $9,358,269 |
| Earnings | $1,441,724 |
| Ending Balance | $10,799,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Museum Of Wildlife Art Of The United States Jackson, WY | $41,741,861 | $4,638,003 |
National Museum Of Military Vehicles Dubois, WY | $44,269,511 | $10,295,733 |
Museum Of The Rockies Bozeman, MT | $31,412,475 | $8,834,590 |
Bird Aviation Museum And Invention Center Inc Coeur Dalene, ID | $2,243,329 | $40,164 |
Wyoming Dinosaur Center Thermopolis, WY | $2,337,620 | $1,002,918 |
Fargo Air Museum Fargo, ND | $3,974,991 | $787,514 |
Basque Museum & Cultural Center Inc Boise, ID | $3,406,397 | $778,565 |
Powell County Museum & Arts Foundation Inc Deer Lodge, MT | $3,067,145 | $882,313 |
Cheyenne Depot Museum Inc Cheyenne, WY | $1,455,376 | $736,000 |
North Dakota Buffalo Foundation Inc Jamestown, ND | $1,257,345 | $704,198 |
South Dakota Hall Of Fame Chamberlain, SD | $4,135,538 | $853,857 |
The Museum Of Visual Materials Sioux Falls, SD | $0 | $396,862 |