Valdez Museum And Historical Archive Association Incorporated
- Assets
- $413.0k
- Revenue
- $617.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Valdez, AK
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 92-0159463
Organization Overview
Valdez Museum And Historical Archive Association Incorporated is located in Valdez, AK. The organization was established in 1996. 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 12/2021, Valdez Museum And Historical Archive Association Incorporated employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valdez Museum And Historical Archive Association Incorporated 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, Valdez Museum And Historical Archive Association Incorporated generated $617.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $621.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VALDEZ MUSEUM PRESERVES, PRESENTS, AND INTERPRETS THE HERITAGE AND CULTURE OF VALDEZ, THE COPPER RIVER BASIN, AND PRINCE WILLIAM SOUND, ALAKSA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS: THE ORGANIZATION ENGAGED IN MAINTAINING AND OPERATING MUSEUMS, ARCHIVES, AND SITES FOR COLLECTIONS.
COLLECTIONS AND EXHIBITIONS: THE COLLECTIONS CONTAIN BOTH ARCHIVAL MATERIAL AND ARTIFIACTS THAT REPRESENT THE HISTORY OF OUR REGION. THE PURPOSE OF COLLECTING THESE PHYSICAL REPRESENTATIONS OF OURPAST IS TO PRESERVE THEM FOR FUTURE GENERATIONS AND TO PROVIDE OUR OWN GENERATION WITH TEH EVIDENCE OF HUMAN SOCIETY BEFORE US AND TO MAKE THE COLLECTIONS ACCESSIBLE TO ALL. THE EXHIBITS WITHIN THE MUSEUM TELL VARIOUS STORIES ABOUT THE REGION'S HISTORY BASED ON THE COLLECTIONS. VARIOUS PERSPECTIVES ARE USED TO INTERPRET THE PAST, WITH AN EMPHASIS ON AUTHENTICITY, ACCURACY, AND INCLUSIVITY.THE EXHIBITS ARE INTEDED TO EDUCATE AND ENLIGHTEN VISITORS AS WELL AS LEAVE THEM WITH A GREATER UNDERSTANDING OF HISTORY, HUMANITY, AND THEMSELVES.
EDUCATION AND PUBLIC PROGRAMS: THE EDUCATION PROGRAM EXISTS TO DEVELOP IN LOCAL CHILDREN A DEEPER APPRECIATION FOR HISTORY AND HUMAN EXPERIENCE. THE PROGRAM IS BASED ON PARTNERSHIP WITH VALDEZ CITY SCHOOLS AND IN USING PRIMARY SOURCES TO HELP CHILDREN EXPLORE HISTORY WITH THEIR OWN MINDS AND HANDS AND FIND MEANING FOR THEMSELVES. THE PUBLIC PROGRAMS HIGHLIGHT THE DIVERSITY OF PEOPLE IN VALDEZ'S PAST AND PRESENT, SERVE AS FORUMS FOR PUBLIC DISCUSSION AND FINDING COMMON GROUND, PROVIDE SOCIAL OPPORTUNITIESFOR RESIDENTS, OFFER A MEETING GROUND FOR VISITORS AND LOCALS, AND OPEN THE EYES OF RESIDENTS TO A WORLD OF EXPERIENCE BEYOND OUR OWN COMMUNITY. LECTURES, SPECIAL EVENTS, MEMBERSHIP PROGRAMS,RECEPTIONS, AND OTHER FUNCTIONS TARGET AN EVER-BROADENING RANGE OF AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Relay Executive Director | Officer | 40 | $71,804 |
Gary Minish Vice President | Trustee | 5 | $0 |
Jim Shirrell Director | Trustee | 1 | $0 |
Anna Bateman Director | Trustee | 1 | $0 |
Donna Lane President | Trustee | 7 | $0 |
Felicia White Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,438 |
| Fundraising events | $12,058 |
| Related organizations | $0 |
| Government grants | $500,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,693 |
| Total Program Service Revenue | $27,327 |
| Investment income | $698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,349 |
| Net Income from Fundraising Events | -$14,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,040 |
| 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 | $377,319 |
| Pension plan accruals and contributions | $13,484 |
| Other employee benefits | $0 |
| Payroll taxes | $25,296 |
| 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 | $0 |
| Fees for services: Other | $53,754 |
| Advertising and promotion | $2,735 |
| Office expenses | $7,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,204 |
| 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 | $11,135 |
| Insurance | $24,101 |
| All other expenses | $13,331 |
| Total functional expenses | $621,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,094 |
| Savings and temporary cash investments | $69,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $318 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,707 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $103,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,960 |
| Accounts payable and accrued expenses | $27,516 |
| Grants payable | $0 |
| Deferred revenue | $24,114 |
| 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 | $6,092 |
| Total liabilities | $57,722 |
| Net assets without donor restrictions | $324,753 |
| Net assets with donor restrictions | $30,485 |
| 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 | $412,960 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valdez Museum And Historical Archive Association Incorporated has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK | | $25,000 |
Endowment Analysis
| Beg. Balance | $1,230,671 |
| Earnings | $161,050 |
| Ending Balance | $1,391,721 |
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 |
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 |
Friends Of Flying Heritage C/O Vulcan Inc Seattle, WA | $0 | $108,258 |
Inland Empire Railway Historical Society Reardon, WA | $3,337,569 | $363,759 |
Veterans Memorial Museum Chehalis, WA | $2,178,919 | $293,932 |