Texas Forestry Museum
- Assets
- $1.3m
- Revenue
- $434.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Lufkin, TX
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 23-7161205
Organization Overview
Texas Forestry Museum is located in Lufkin, TX. The organization was established in 1972. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Texas Forestry Museum employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Forestry Museum 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, Texas Forestry Museum generated $434.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $288.2k during the year ending 12/2021. 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 EDUCATE THE PUBLIC ABOUT FORESTRY AND PRESERVE THE HISTORY OF THE FORESTRY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM - ESTIMATED NUMBER OF VISITORS - APPROXIMATELY 8,917
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Webb Treasurer | OfficerTrustee | 2 | $0 |
Rob Hughes Secretary | OfficerTrustee | 2 | $0 |
John Ippolito Vice President | OfficerTrustee | 2 | $0 |
Garry Sorrell Past President | OfficerTrustee | 2 | $0 |
Robyn Gillespie President | OfficerTrustee | 2 | $0 |
Michelle Driscoll Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,567 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,174 |
| Total Program Service Revenue | $6,616 |
| Investment income | $9,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,292 |
| Net Income from Fundraising Events | $30,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,128 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,043 |
| 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 | $141,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,796 |
| Payroll taxes | $10,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,678 |
| Travel | $105 |
| 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 | $51,113 |
| Insurance | $13,925 |
| All other expenses | $10,694 |
| Total functional expenses | $288,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,404 |
| Savings and temporary cash investments | $36,616 |
| 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 | $5,422 |
| Prepaid expenses and deferred charges | $650 |
| Net Land, buildings, and equipment | $690,998 |
| Investments—publicly traded securities | $349,731 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,147 |
| Other assets | $0 |
| Total assets | $1,282,968 |
| Accounts payable and accrued expenses | $4,402 |
| 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 | $4,402 |
| Net assets without donor restrictions | $771,929 |
| Net assets with donor restrictions | $506,637 |
| 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 | $1,282,968 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Texas Forestry Museum has recieved totaling $21,008.
| Awarding Organization | Amount |
|---|---|
I D & Marguerite Fairchild Foundation Lufkin, TX PURPOSE: GENERAL OPERATIONS | $21,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Endowment Analysis
| Beg. Balance | $338,039 |
| Earnings | $17,193 |
| Net Contributions | $3,503 |
| Ending Balance | $358,735 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |