Kansas Oil & Gas Museum Foundation
- Assets
- $774.8k
- Revenue
- $42.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Great Bend, KS
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 48-1081719
Organization Overview
Kansas Oil & Gas Museum Foundation is located in Great Bend, KS. The organization was established in 1990. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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. Kansas Oil & Gas Museum Foundation 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, Kansas Oil & Gas Museum Foundation generated $42.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $41.9k 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
THE MUSEUM PRESERVES AND PROMOTES THE HISTORY AND THE CULTURE OF OIL IN OUR COUNTY AND STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF THE HISTORY OF THE OIL AND GAS INDUSTRY IN KANSAS THROUGH THE MUSEUM AND PROVIDING EDUCATIONAL OPPORTUNITIES IN THE KANSAS OIL AND GAS INDUSTRY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Francis President | OfficerTrustee | 1 | $0 |
Todd Morgenstern 2nd VP | OfficerTrustee | 1 | $0 |
Ed Nemnich 1st VP | OfficerTrustee | 1 | $0 |
Timothy R Keenan Secretary | OfficerTrustee | 1 | $0 |
Leslie Francis Klug Treasurer | OfficerTrustee | 1 | $0 |
Mike Johnson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,537 |
| Total Program Service Revenue | $0 |
| Investment income | $11,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $750 |
| Net Gain/Loss on Asset Sales | $23,736 |
| Net Income from Fundraising Events | -$15,350 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,497 |
| 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 | $138 |
| Fees for services: Accounting | $510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,063 |
| Advertising and promotion | $0 |
| Office expenses | $188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,111 |
| 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 | $7,881 |
| Insurance | $5,605 |
| All other expenses | $0 |
| Total functional expenses | $41,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,070 |
| Savings and temporary cash investments | $1,005 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $113,707 |
| Investments—publicly traded securities | $656,038 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $774,820 |
| 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 | $774,820 |
| 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 | $774,820 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kansas Oil & Gas Museum Foundation has recieved totaling $22,015.
| Awarding Organization | Amount |
|---|---|
Golden Belt Community Foundation Great Bend, KS PURPOSE: General support | $22,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Railroad Historical Foundation Inc Golden, CO | $11,069,630 | $3,773,051 |
Stuhr Museum Of The Prairie Pioneer Grand Island, NE | $6,589,907 | $1,816,416 |
Boot Hill Museum Inc Dodge City, KS | $8,102,967 | $1,858,264 |
Steamboat Springs Chamber Steamboat Springs, CO | $1,219,063 | $1,684,300 |
Museum Of The Great Plains Authority Lawton, OK | $7,377,490 | $986,332 |
Museum Of Western Colorado Grand Junction, CO | $5,482,954 | $1,916,272 |
National Blues Museum St Louis, MO | $331,359 | $804,940 |
Western Museum Of Mining & Industry Colorado Springs, CO | $1,159,315 | $640,252 |
Moffat Road Railroad Museum Association Granby, CO | $1,598,895 | $1,401,324 |
History Museum On The Square Inc Springfield, MO | $6,273,247 | $774,917 |
American Banjo Museum Inc Oklahoma City, OK | $7,323,750 | $654,951 |
Wichita Sedgwich County Historial Museum Association Wichita, KS | $8,589,253 | $707,662 |