Western Trail Historical Society Inc
- Assets
- $592.0k
- Revenue
- $229.7k
- Investments
- $222.0k
- Employees
- 6
- Location
- Altus, OK
- Founding
- 04/1972
- Data as of
- 12/2022
- EIN
- 73-0792786
Organization Overview
Western Trail Historical Society Inc is located in Altus, OK. The organization was established in 1972. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Western Trail Historical Society Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Trail Historical Society 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 12/2022, Western Trail Historical Society Inc generated $229.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $175.5k during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN TRAIL HISTORICAL SOCIETY SEEKS TO ENABLE THE MUSEUM OF THE WESTERN PRAIRIE TO BE A DRIVING FORCE IN THE CULTURALLIFE AND ECONOMIC DEVELOPMENT OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ROBUST PROGRAMMING AND EXHIBIT SCHEDULE IS CONTINUALLY ADJUSTED AND REFINED TO ADDRESS COMMUNITY NEEDS AND WISHES. OUR PROGRAMS BRING TALENTED PERFORMERS AND KNOWLEDGEABLE EXPERTS TO OUR COMMUNITY TO AUGMENT THE TALENT AND EXPERTISE IN OUR COMMUNITY THEREBY INCREASING THE IMPACT OF THE PROGRAMMING BY BROADENING THE EXPERIENCE AND KNOWLEDGE OF OUR COMMUNITY MEMBERS. IN ESSENCE, WE PROVIDE PROGRAMS THAT CAN ONLY BE EXPERIENCED HERE, AND WE ALSO ENDEAVOR TO PROVIDE PROGRAMS THAT ARE ENJOYED IN LARGER, BETTER-SERVED COMMUNITIES SO THAT OUR LOCAL AUDIENCES WILL HAVE THE OPPORTUNITY TO EXPERIENCE THE BEST OFFERINGS OF THEIR HOME COMMUNITY AS WELL AS THE CALIBER OF PROGRAMS ENJOYED IN LARGER, BETTER-SERVED COMMUNITIES.
IN AN EFFORT TO ENHANCE OUR EDUCATIONAL PROGRAMMING AND COMPANION EXHIBITS WITH STORIES AND ITEMS DRAWN FROM THE MUSEUMS COLLECTION, INCLUDING ARTIFACTS, PHOTOGRAPHS, AND RESOURCE, MATERIALS, WE HAVE UNDERTAKEN A MULTI-YEAR PROJECT TO REVAMP THE MUSEUMS COLLECTION DATABASE AND IMPROVE THE CARE AND STORAGE OF THE COLLECTION. THIS PROJECT REQUIRES TIME FROM STAFF AND VOLUNTEERS AS WELL AS ARCHIVAL QUALITY MATERIALS AND SCANNERS.
WE SUPPORT THE MUSEUM OF THE WESTERN PRAIRIE TO ENSURE THAT IT IS AN INTEGRAL PART OF LIFE IN SOUTHWEST OKLAHOMA. WITH THE EXCEPTION OF THE UTILITIES, WE COVER ALL OTHER MUSEUM-RELATED COSTS EACH MONTH RANGING FROM LIGHT BULBS TO LAWN SERVICES TO ROUTINE MAINTENANCE OF THE INTERIOR AND EXTERIOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Vernon President | OfficerTrustee | 4 | $0 |
J Yudell Barton Vice President | OfficerTrustee | 4 | $0 |
Kathy Hale Secretary | OfficerTrustee | 4 | $0 |
James Norris Director | Trustee | 3 | $0 |
Tom Yates Director | Trustee | 3 | $0 |
Sharon Duffy Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,135 |
| Fundraising events | $14,873 |
| Related organizations | $0 |
| Government grants | $32,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,523 |
| 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 | $2,850 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,718 |
| 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. | $19,820 |
| Compensation of current officers, directors, key employees. | $19,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,254 |
| Office expenses | $0 |
| Information technology | $5,333 |
| 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 | $241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $175,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,983 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $221,981 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $591,964 |
| 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 | $369,983 |
| Net assets with donor restrictions | $221,981 |
| 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 | $591,964 |