Yakima Valley Museum & Hist Assn
- Assets
- $9.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Yakima, WA
- Founding
- 08/1953
- Data as of
- 09/2021
- EIN
- 91-0828572
Organization Overview
Yakima Valley Museum & Hist Assn is located in Yakima, WA. The organization was established in 1953. 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 09/2021, Yakima Valley Museum & Hist Assn employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yakima Valley Museum & Hist Assn 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 09/2021, Yakima Valley Museum & Hist Assn generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $992.8k during the year ending 09/2021. While expenses have increased by 0.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORY AND CULTURE OF THE YAKIMA VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND PRESERVATION OF THE YAKIMA VALLEY'S MATERIAL CULTURE. OPERATION OF A REGIONAL MUSEUM WITH SPECIAL AND PERMANENT AND SPECIAL EXHIBITIONS. PRESENTATION OF PUBLIC PROGRAMS SUCH AS LECTURES, CONCERTS, AND OTHER RELATED TO REGIONAL HISTORY AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Arnold Executive Dir. | Officer | 40 | $87,912 |
Cragg Gilbert Sec/treas | OfficerTrustee | 2 | $0 |
Nancy Kenmotsu President | OfficerTrustee | 2 | $0 |
Sally Tonkin Vice President | OfficerTrustee | 2 | $0 |
Juana Rezaie Past President | OfficerTrustee | 2 | $0 |
Sharon Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,775 |
| Fundraising events | $258,664 |
| Related organizations | $0 |
| Government grants | $83,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $574,049 |
| Noncash contributions included in lines 1a–1f | $375,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $944,029 |
| Total Program Service Revenue | $21,191 |
| Investment income | $104,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,894 |
| Net Gain/Loss on Asset Sales | $150,798 |
| Net Income from Fundraising Events | -$10,178 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,947 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,269,577 |
| 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. | $78,466 |
| Compensation of current officers, directors, key employees. | $26,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,765 |
| Payroll taxes | $26,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,385 |
| Fees for services: Accounting | $15,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,102 |
| Advertising and promotion | $13,758 |
| Office expenses | $54,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,209 |
| Travel | $667 |
| 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 | $170,464 |
| Insurance | $45,137 |
| All other expenses | $762 |
| Total functional expenses | $992,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,981 |
| Savings and temporary cash investments | $647,498 |
| Pledges and grants receivable | $10,000 |
| 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 | $20,512 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,583,060 |
| Investments—publicly traded securities | $4,827,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,210 |
| Total assets | $9,407,246 |
| Accounts payable and accrued expenses | $26,231 |
| Grants payable | $0 |
| Deferred revenue | $50,686 |
| 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 | $160,376 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $237,293 |
| Net assets without donor restrictions | $5,849,175 |
| Net assets with donor restrictions | $3,320,778 |
| 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 | $9,407,246 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Yakima Valley Museum & Hist Assn has recieved totaling $12,557.
| Awarding Organization | Amount |
|---|---|
Yakima Valley Community Foundation Yakima, WA PURPOSE: GENERAL PURPOSE; SPONSORSHIP- RED INTO BLACK; GENERAL SUPPORT; ANNUAL FUNDRAISER RED INTO BLACK; MOUNTAINEERING EXHIBIT | $12,557 |
Endowment Analysis
| Beg. Balance | $5,296,476 |
| Earnings | $752,749 |
| Net Contributions | $313,590 |
| Other Expense | $135,356 |
| Ending Balance | $6,227,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Museum Association Anchorage, AK | $13,680,966 | $14,736,241 |
Northwest Maritime Center Port Townsend, WA | $21,051,564 | $9,184,031 |
Burke Museum Association Seattle, WA | $1,429,157 | $2,025,349 |
Densho Seattle, WA | $2,629,365 | $2,391,669 |
Yakima Valley Museum & Hist Assn Yakima, WA | $9,407,246 | $1,269,577 |
Warhawk Air Museum Inc Nampa, ID | $5,473,516 | $2,607,121 |
The Willamette Heritage Center Salem, OR | $3,704,693 | $931,387 |
Columbia River Steamship Operators Association Portland, OR | $727,117 | $771,163 |
Valdez Museum And Historical Archive Association Incorporated Valdez, AK | $412,960 | $617,040 |
Alaska Aviation Heritage Museum Anchorage, AK | $6,679,112 | $631,265 |
Columbia Gorge Interpretive Center Stevenson, WA | $2,351,160 | $339,061 |
Port Townsend Aero Museum Port Townsend, WA | $7,746,029 | $1,457,196 |