Farmington Museum Foundation Inc
- Assets
- $1.2m
- Revenue
- $50.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Farmington, NM
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 85-0334371
Organization Overview
Farmington Museum Foundation Inc is located in Farmington, NM. The organization was established in 1986. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science 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. Farmington Museum Foundation Inc 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, Farmington Museum Foundation Inc generated $50.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $104.6k during the year ending 06/2022. 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 PROVIDE FUNDING AND RESEARCH FOR MUSEUM EXHIBITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR MAINTAINANCE AND ACQUSITION OF MUSEUM EXHIBITS
PROVIDED FUNDING FOR MAINTAINANCE AND ACQUSITION OF MUSEUM EXHIBITS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliott Herbert President | OfficerTrustee | 10 | $0 |
Ralph Fenton Treasurer | OfficerTrustee | 10 | $0 |
Dave Beavers Director | Trustee | 2 | $0 |
Charlotte Hebert Director | Trustee | 2 | $0 |
Kathy Hogan Director | Trustee | 2 | $0 |
Jill Mcqueary Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,453 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,999 |
| Total Program Service Revenue | $0 |
| Investment income | $28,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $155 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,926 |
| 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 | $7,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30 |
| Office expenses | $1,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $510 |
| All other expenses | $0 |
| Total functional expenses | $104,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,203,901 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,203,901 |
| 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 | -$26,128 |
| Net assets with donor restrictions | $1,230,029 |
| 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 | $1,203,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Farmington Museum Foundation Inc has recieved totaling $51.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Museum Of Natural Science Houston, TX | $243,476,932 | $54,084,906 |
The Colorado Museum Of Natural History Denver, CO | $33,823,512 | $55,828,700 |
Perot Museum Of Nature And Science Dallas, TX | $175,435,811 | $10,408,594 |
Arizona Sonora Desert Museum Tucson, AZ | $40,175,504 | $19,725,526 |
Heard Natural Science Museum And Wildlife Sanctuary Inc Mckinney, TX | $5,672,839 | $1,651,000 |
New Mexico Museum Of Natural History Foundation Albuquerque, NM | $2,394,217 | $1,457,992 |
Medicine Park Museum Of Natural Science Inc Medicine Park, OK | $1,642,228 | $754,070 |
San Juan County Museum Association Farmington, NM | $1,508,472 | $338,732 |
Dinosaur Ahtorium St George, UT | $919,202 | $519,090 |
Mesa Verde Museum Association Mancos, CO | $1,113,953 | $805,965 |
Brazos Valley Museum Of Natural History Bryan, TX | $600,098 | $456,496 |
Intermountain Natural History Association Inc Jensen, UT | $969,132 | $586,803 |