Frontier Texas Inc
- Assets
- $4.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Abilene, TX
- Founding
- 10/2003
- Data as of
- 09/2023
- EIN
- 20-0146354
Organization Overview
Frontier Texas Inc is located in Abilene, TX. The organization was established in 2003. 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 09/2023, Frontier Texas Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frontier Texas 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 09/2023, Frontier Texas Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $995.1k during the year ending 09/2023. While expenses have increased by 1.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE FRONTIER TEXAS!, INC. (A VISITOR CENTER AND INTERACTIVE MUSEUM WITH HISTORICAL, EDUCATIONAL, AND CULTURAL EXHIBITS AND AUDIO-VISUAL PRESENTATIONS) FOR ABILENE, TEXAS AND THE SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE FRONTIER TEXAS!, INC. (A VISITOR CENTER AND INTERACTIVE MUSEUM WITH HISTORICAL, EDUCATIONAL, AND CULTURAL EXHIBITS AND AUDIO-VISUAL PRESENTATIONS) FOR ABILENE, TEXAS AND THE SURROUNDING REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Salmon Executive Director | Officer | 40 | $115,597 |
Sylvia Leal Director | Trustee | 1 | $0 |
Jessica Haile Director | Trustee | 1 | $0 |
Mindy Patterson Director | Trustee | 1 | $0 |
Martez Hawkins Director | Trustee | 1 | $0 |
Scott Terrell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $244,750 |
| Related organizations | $0 |
| Government grants | $601,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $683,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,528,849 |
| Total Program Service Revenue | $117,570 |
| Investment income | $10,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,450 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,083 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,649 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,748,753 |
| 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. | $119,029 |
| Compensation of current officers, directors, key employees. | $35,709 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,836 |
| Payroll taxes | $31,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $83,795 |
| Office expenses | $11,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,566 |
| Travel | $8,560 |
| 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 | $249,775 |
| Insurance | $29,629 |
| All other expenses | $0 |
| Total functional expenses | $995,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,338 |
| Savings and temporary cash investments | $824,405 |
| Pledges and grants receivable | $105,019 |
| 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 | $65,628 |
| Prepaid expenses and deferred charges | $38,670 |
| Net Land, buildings, and equipment | $2,353,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $786,341 |
| Total assets | $4,412,215 |
| Accounts payable and accrued expenses | $137,924 |
| Grants payable | $0 |
| Deferred revenue | $13,350 |
| 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 | $151,274 |
| Net assets without donor restrictions | $3,633,859 |
| Net assets with donor restrictions | $627,082 |
| 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 | $4,412,215 |