New Iberia Museum Foundation
- Assets
- $473.6k
- Revenue
- $388.9k
- Investments
- $0.0
- Employees
- 2
- Location
- New Iberia, LA
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 72-1271113
Organization Overview
New Iberia Museum Foundation is located in New Iberia, LA. The organization was established in 1995. 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, New Iberia Museum Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Iberia 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, New Iberia Museum Foundation generated $388.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $161.8k during the year ending 12/2021. While expenses have increased by 7.8% 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
TO PROMOTE AND ENHANCE THE HISTORICAL, CULTURAL, ARTISTIC, EDUCATIONAL, AGRICULTURAL, MINERAL AND COMMERCIAL RICHES AND RESOURCES OF THE CITY OF NEW IBERIA AND SOUTH LOUISIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ENHANCE THE HISTORICAL, CULTURAL, ARTISTIC, EDUCATIONAL, AGRICULTURAL, MINERAL AND COMMERCIAL RICHES AND RESOURCES OF THE CITY OF NEW IBERIA AND SOUTH LOUISIANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Hensgens President | Officer | 0 | $0 |
Becky Collins Secretary | Officer | 0 | $0 |
Chris Wiseman Vice President | Officer | 0 | $0 |
Arthur R Mixon Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,890 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,890 |
| 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 | $59,617 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,410 |
| Office expenses | $14,271 |
| Information technology | $0 |
| 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 | $4,469 |
| Insurance | $7,450 |
| All other expenses | $15,746 |
| Total functional expenses | $161,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,543 |
| Savings and temporary cash investments | $33,033 |
| 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 | $90,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,248 |
| Total assets | $473,617 |
| Accounts payable and accrued expenses | $1,963 |
| 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 | $14,804 |
| Total liabilities | $16,767 |
| Net assets without donor restrictions | $456,850 |
| 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 | $473,617 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Iberia Museum Foundation has recieved totaling $30,755.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Acadiana Lafayette, LA PURPOSE: General Support and Blanco exhibit | $22,755 |
Broussard Charitable Foundation Tr Cincinnati, OH PURPOSE: ANNUAL DONATION | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
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 |
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 |
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 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |
Southwest Dairy Museum Inc Sulphur Springs, TX | $6,816,069 | $3,600,738 |
The National Cowgirl Museum And Hall Of Fame Inc Fort Worth, TX | $20,935,740 | $2,359,164 |