Watkins Mill Association Inc is located in Excelsior Springs, MO. The organization was established in 1960. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Watkins Mill Association 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 12/2023, Watkins Mill Association Inc generated $36.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $38.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WATKINS MILL ASSOCIATION WAS FOUNDED IN 1958 TO PROMOTE THE WATKINS WOOLEN MILL STATE HISTORIC SITE AND TO PROVIDE FINANCIAL ASSISTANCE FOR PRESERVATION PROJECTS CARRIED OUT BY THE MISSOURI DEPARTMENT OF NATURAL RESOURCES DIVISION OF STATE PARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATKINS MILL ASSOCIATION (WMA) PROACTIVELY SUPPORTS THE PRESERVATION AND LIVING HISTORY OF WATKINS WOOLEN MILL STATE HISTORIC SITE. WATKINS MILL IS THE LAST TEXTILE MILL IN THE UNITED STATES WITH ITS ORIGINAL MACHINERY STILL INTACT. THE ASSOCIATION PROMOTED THE MILL TO BE RECOGNIZED BY THE UNITED STATES DEPARTMENT OF INTERIOR AS A NATIONAL HISTORICAL LANDMARK, THE NATIONAL REGISTER OF HISTORIC PLACES, A CLAY COUNTY HISTORIC LANDMARK, AND A NATIONAL MECHANICAL ENGINEERING LANDMARK. WMA TURNED THE HISTORIC SITE INTO A DESTINATION, RESTORING WATKINS' HOME, MILL, CHAPEL, ONE-ROOM SCHOOLHOUSE AND FARM BUILDINGS. IT WORKED. WATKINS MILL IS NOW THE REGION'S PREMIER HISTORIC ATTRACTION. WMA IS EMERGING FROM COVID-19'S EFFECTS, WHICH CLEARLY PRESENTED CHALLENGES. WATKINS MILL WAS ONE OF FOUR STATE PARKS COMPLETELY CLOSED IN 2020. VOLUNTEERS, THE BASIS FOR SUCCESSFUL OPERATIONS, WERE DEPRIVED OF THE WORK THEY LOVE, AS PARK AND HISTORIC SITE ACCESS AND EVENTS WERE NECESSARILY CANCELLED. THE ASSOCIATION MET THESE CHALLENGES HEAD-ON, AND BEGAN RESUMING POPULAR GROUP ACTIVITIES. FINANCIALLY, WE FOUGHT A GOOD FIGHT, MAINTAINING STRONG RELATIONSHIPS WITH FOUNDATIONS AND INDIVIDUAL DONORS. BOARD MEMBERS UNIVERSALLY CONTRIBUTE TO WMA. LEVERAGING PHASE II FUNDING FOR THE MAJOR HISTORIC SITE RESTORATIONS, WE PARTNERED WITH MISSOURI DEPARTMENT OF NATURAL RESOURCES, TO DRAFT THE PROJECT'S MEMORANDUM OF UNDERSTANDING AND SCOPE OF WORK, SO BIDS AND WORK CAN COMMENCE. DURING 2023 WATKINS MILL BEGAN BOUNCING BACK FROM COVID-19, ATTRACTING 12,250 HISTORIC SITE VISITORS AND 266,946 TOTAL PARK VISITORS. WE ARE PLEASED VOLUNTEERS ARE RETURNING, UP 18% OVER LAST YEAR. THEY ARE BRINGING HISTORIC SITE TOURS AND LIVING HISTORY ACTIVITIES BACK TO LIFE. VOLUNTEER PARTICIPATION ALLOWED US TO SUCCESSFULLY HOST THE HEIRLOOM GARDEN CELEBRATION, FALL ON THE FARM, AND GET OUTDOORS 6K RUN. WMA IS PROCEEDING WITH DETERMINATION TO REESTABLISH WATKINS MILL AS THE REGION'S PREMIER HISTORIC ATTRACTION. IN PARTNERSHIP WITH MISSOURI STATE PARKS, THE ASSOCIATION CULTIVATES AN 1870S NON-TRADITIONAL COMMUNITY VENUE WHICH ENCOURAGES HISTORIC, EDUCATIONAL, CULTURAL, AND RECREATIONAL PROGRAMS. VISITING THE HISTORIC SITE IS LIKE STEPPING INTO THE 19TH CENTURY. MANY OF THE BUILDINGS THAT WALTUS WATKINS BUILT OVER HALF A CENTURY - INCLUDING THE FAMILY HOME AND THREE-STORY WOOLEN MILL - ARE PRESERVED TO PROVIDE VISITORS A SENSE OF 1870S LIFE. COLLEGE PROFESSORS AND K-12 TEACHERS OFTEN INCLUDE WATKINS MILL IN CURRICULA FOR ITS HISTORICAL IMPORTANCE FEATURING ENTREPRENEURS IN FRONTIER LIFE, THE INDUSTRIAL REVOLUTION AND CIVIL WAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David P Ross President | OfficerTrustee | 0.5 | $0 |
Stacey Winkelbauer Vice President And Secretary | OfficerTrustee | 0.5 | $0 |
Bob Wright Treasurer | OfficerTrustee | 0.5 | $0 |
David Blyth Board Member | Trustee | 0.5 | $0 |
Gary Boyer Board Member | Trustee | 0.5 | $0 |
Margo Boyer Board Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,163 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $34,104 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $35,267 |
Total Program Service Revenue | $0 |
Investment income | $6,479 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $932 |
Net Income from Fundraising Events | -$2,182 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$3,754 |
Miscellaneous Revenue | $0 |
Total Revenue | $36,742 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,121 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,269 |
Fees for services: Other | $9,600 |
Advertising and promotion | $14,500 |
Office expenses | $1,051 |
Information technology | $463 |
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 | $1,402 |
All other expenses | $0 |
Total functional expenses | $38,301 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $139,489 |
Savings and temporary cash investments | $4,752 |
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 | $16,177 |
Prepaid expenses and deferred charges | $1,651 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $349,971 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $512,040 |
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 | $512,040 |
Net assets with donor restrictions | $0 |
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 | $512,040 |