Watkins Mill Association Inc
- Assets
- $458.3k
- Revenue
- $88.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior Springs, MO
- Founding
- 12/1960
- Data as of
- 12/2021
- EIN
- 43-6052704
Organization Overview
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 12/2021, Watkins Mill Association Inc generated $88.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $80.4k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
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 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. WE CONTINUED THE GOOD FIGHT, EARNING GRANTS FROM A MAJOR FOUNDATION WHILE DEALING WITH THE LATE IMPACTS OF COVID. THE FIRST PHASE OF RESTORATIONS TO THE HISTORIC SITE WERE COMPLETED USING FUNDS EARMARKED FOR THAT PURPOSE. FOR THE FIRST TIME SINCE THE PANDEMIC, CERTAIN EVENTS WERE CONDUCTED AND ROBUST PLANS MADE FOR 2022, INCLUDING ANOTHER 6K RUN, VOLUNTEER RECOGNITION EVENTS AND VARIOUS VOLUNTEER OPPORTUNITIES, INCLUDING THE HEIRLOOM GARDEN CELEBRATION. AN APPLICATION FOR A SECOND GRANT WAS MADE IN 2021 TO COMPLETE PHASE 2 OF RESTORATIONS TO THE HISTORIC SITE, AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Winkelbauer Vice President | OfficerTrustee | 0.5 | $0 |
David P Ross President | OfficerTrustee | 0.5 | $0 |
Bob Wright Treasurer | OfficerTrustee | 0.5 | $0 |
Amy Pieper Secretary | OfficerTrustee | 0.5 | $0 |
Gary Boyer Board Member | Trustee | 0.5 | $0 |
David Blyth Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $200 |
| Fundraising events | $2,450 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,625 |
| Total Program Service Revenue | $0 |
| Investment income | $6,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,021 |
| Net Income from Fundraising Events | -$1,034 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,737 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,648 |
| 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 | $3,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,301 |
| Fees for services: Other | $12,940 |
| Advertising and promotion | $4,680 |
| Office expenses | $328 |
| Information technology | $139 |
| 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 | $1,522 |
| All other expenses | $0 |
| Total functional expenses | $80,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,302 |
| Savings and temporary cash investments | $0 |
| 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 | $15,874 |
| Prepaid expenses and deferred charges | $1,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $365,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $458,325 |
| Accounts payable and accrued expenses | $50 |
| 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 | $50 |
| Net assets without donor restrictions | $421,475 |
| Net assets with donor restrictions | $36,800 |
| 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 | $458,325 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watkins Mill Association Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
W J Brace Charitable Tr Dallas, TX PURPOSE: SUPPORT 'GET OUTDOORS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Opas Foundation Omaha, NE | $216,930,638 | $54,646,266 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
Science Museum Oklahoma Affiliated Fund Of Occf Inc Oklahoma City, OK | $67,323,215 | $1,438,504 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |
Frist Art Museum Foundation Nashville, TN | $70,216,759 | $5,732,814 |