Idabel Museum Society Inc

Organization Overview

Idabel Museum Society Inc is located in Idabel, OK. The organization was established in 1998. 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. As of 12/2021, Idabel Museum Society Inc employed 13 individuals. This organization is the central organization for a national or regional group of organizations. Idabel Museum 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 12/2021, Idabel Museum Society Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $616.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EXCLUSIVE SUPPORT AND BENEFITS TO THE CITY OF IDABEL'S MUSEUM OF THE RED RIVER IN IDABEL, OKLAHOMA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECTIONS CARE AND MANAGEMENT, EXHIBITIONS: IMSI CURATES COLLECTIONS FOR THE USE OF/AND BY THE MUSEUM OF THE RED RIVER CURRENTLY, OVER 30,000 ARTIFACTS ARE USED FOR PUBLICITY PURPOSES AND INCLUDE PRIMARILY ETHNOGRAPHIC ART FROM PREHISTORIC TO CONTEMPORARY TIMES. THE SOCIETY'S MAJOR FOCUS IS THE MATERIAL CULTURE OF NATIVE AMERICA; HOWEVER, IT ALSO HAS A GROWING NUMBER OF COMPARATIVE OBJECTS FROM AFRICA AND ASIA. THE SOCIETY ACCEPTS DONATIONS OF VARIOUS ARTIFACTS AND MEMORABILIA, IN WHICH THE ITEM VALUES MAY BE UNDETERMINED. THE SOCIETY ALSO PURCHASES COLLECTION ITEMS. ALL ITEMS ARE APPROVED BY THE BOARD BEFORE BEING CATALOGUED. IMSI PROVIDES VISUAL AND AESTHETIC EXPERIENCES TO OVER 19,000 VISITORS, OFF-SITE EXIBITS IN FOUR REGIONAL LIBRARIES AND THREE COMMUNITY CENTERS TO BROADEN OPPORTUNITIES TO THE LARGER COMMUNITY. IMSI HAS ALSO CONTRACTED WITH THE VALLEY OF THE CADDO MUSEUM(PARIS, TX) TO PROVIDE THEM WITH TWO EXHIBITS PER YEAR.


RESEARCH ACTIVITIES AND PROGRAMS: IMSI SUPPORTS THE EXHIBITIONS OF THE MUSEUM WHICH IN 2017 INCLUDED A MAJOR BUILDING EXPANSION PROJECT TO IMPROVE STORAGE COLLECTIONS AND ALL PUBLIC SPACES, INCLUDING EXHIBITION GALLERIES, MUSEUM STORE AND EDUATION PROGRAMMING SPACES. SUPPORT ALSO INCLUDES CHANGING DISPLAYS AND PERMANENT INSTALLATIONS, PLUS ROTATING DISPLAYS AT OFF-SITE LOCATIONS. OBJECTS MUST BE RESEARCHED FOR ACCURATE INFORMATION. THE PROGRAMS OF THE MUSEUM INCLUDE SCHOOL GROUP TOURS(SERVING 4000+ VISITORS), EDUCATIONAL CAMPS ON ARTS, CULTURE, AND NATURAL HISTORY FOR CHILDREN, PLUS MONTHLY SPEAKERS AND ARTISTS/DEMONSTRATORS.


MUSEUM STORE


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Board, Officers & Key Employees

Name (title)Compensation
Henry Moy
Museum Director
$70,985
Judy Petre
President
$0
Sandra Jackson
Member
$0
Lindsey Campbell
Member
$0
Dr Robert Brooks
Member
$0
John Ramsey
Member
$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$172,609
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$172,609
Total Program Service Revenue$14,000
Investment income $1,475,364
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $7,023
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 $1,751,109

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Idabel Museum Society Inc has recieved totaling $142,037.

Awarding OrganizationAmount
Tulsa Community Foundation

Tulsa, OK

PURPOSE: GENERAL OPERATIONS

$135,037
Tulsa Community Foundation

Tulsa, OK

PURPOSE: GENERAL OPERATIONS

$7,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$102,558
Earnings$3,004
Admin Expense$7,000
Ending Balance$98,562

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