Old Independence Regional Museum Inc
- Assets
- $1.4m
- Revenue
- $207.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Batesville, AR
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 71-0752573
Organization Overview
Old Independence Regional Museum Inc is located in Batesville, AR. The organization was established in 1994. 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 12/2023, Old Independence Regional Museum Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Independence Regional Museum 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, Old Independence Regional Museum Inc generated $207.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $193.5k during the year ending 12/2023. While expenses have increased by 2.4% 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
TO SERVE THE GENERAL PUBLIC THROUGH PROVISION OF PREHISTORIC AND HISTORICAL INFORMATION ABOUT INDEPENDENCE COUNTY AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES THE GENERAL PUBLIC THROUGH PROVISION OF PREHISTORIC AND HISTORICAL INFORMATION ABOUT INDEPENDENCE COUNTY AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Reed Administrative Assistant | 40 | $33,280 | |
Cathy Shonk Museum Director | Officer | 40 | $27,880 |
Amanda Curtwright Museum Director | 40 | $17,885 | |
Sandy West Director | Trustee | 1 | $0 |
Blayne Stewart Director | Trustee | 1 | $0 |
Amy Howard Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,031 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,486 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,293 |
| Total Program Service Revenue | $0 |
| Investment income | $13,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,148 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,554 |
| 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. | $79,045 |
| Compensation of current officers, directors, key employees. | $51,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,941 |
| Office expenses | $10,728 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,115 |
| 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 | $39,632 |
| Insurance | $7,780 |
| All other expenses | $520 |
| Total functional expenses | $193,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,050 |
| Savings and temporary cash investments | $408,953 |
| 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 | $23,365 |
| Prepaid expenses and deferred charges | $2,512 |
| Net Land, buildings, and equipment | $756,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,408,791 |
| Accounts payable and accrued expenses | $4,325 |
| 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 | $4,325 |
| Net assets without donor restrictions | $911,992 |
| Net assets with donor restrictions | $492,474 |
| 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 | $1,408,791 |