Sophienburg Memorial Association
- Assets
- $3.5m
- Revenue
- $486.6k
- Investments
- $0.0
- Employees
- 15
- Location
- New Braunfels, TX
- Founding
- 12/1980
- Data as of
- 12/2022
- EIN
- 74-1978227
Organization Overview
Sophienburg Memorial Association is located in New Braunfels, TX. The organization was established in 1980. 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 12/2022, Sophienburg Memorial Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sophienburg Memorial Association 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, Sophienburg Memorial Association generated $486.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $386.0k during the year ending 12/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND INSPIRE AN INTEREST IN THE HISTORY AND CULTURE OF THE NEW BRAUNFELS AREA AND PROMOTE THE COMMUNITY'S RICH HISTORICAL LEGACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A MUSEUM AND ARCHIVES FACILITY WHICH SERVES THE CITY OF NEW BRAUNFELS, TEXAS AND SURROUNDING AREAS. THE FACILITY OFFERS A COMPREHENSIVE COLLECTION OF HISTORICAL MATERIALS RELATING TO THE HISTORY OF NEW BRAUNFELS, WITH A SPECIAL FOCUS ON THE GERMAN HERITAGE OF THE COMMUNITY. THE MUSEUM ALSO WORKS WITH LOCAL SCHOOLS OFFERING DISCOUNTED TOURS OF THE FACILITY.
THE ORGANIZATION OPERATES A MUSEUM AND ARCHIVES FACILITY WHICH SERVES THE CITY OF NEW BRAUNFELS, TEXAS AND SURROUNDING AREAS. THE FACILITY OFFERS A COMPREHENSIVE COLLECTION OF HISTORICAL MATERIALS RELATING TO THE HISTORY OF NEW BRAUNFELS, WITH A SPECIAL FOCUS ON THE GERMAN HERITAGE OF THE COMMUNITY. THE MUSEUM ALSO WORKS WITH LOCAL SCHOOLS OFFERING DISCOUNTED TOURS OF THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Harper President | OfficerTrustee | 1 | $0 |
Rob Johnson Vice Preside | OfficerTrustee | 1 | $0 |
Lindsay Haas Secretary | OfficerTrustee | 1 | $0 |
Stephen Hanz Treasurer | OfficerTrustee | 1 | $0 |
Dean Braune Director | Trustee | 1 | $0 |
Jay Brewer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,595 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,954 |
| Total Program Service Revenue | $31,788 |
| Investment income | $9,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,715 |
| Net Gain/Loss on Asset Sales | $4,193 |
| Net Income from Fundraising Events | $104,696 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $166,734 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,348 |
| Compensation of current officers, directors, key employees. | $9,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,752 |
| Office expenses | $25,500 |
| Information technology | $9,033 |
| Royalties | $0 |
| Occupancy | $49,101 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,038 |
| Insurance | $14,206 |
| All other expenses | $2,053 |
| Total functional expenses | $386,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,823 |
| Savings and temporary cash investments | $80,935 |
| 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 | $305,090 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,468,161 |
| Investments—publicly traded securities | $2,044 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,047,075 |
| Total assets | $3,531,128 |
| 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 | $2,559 |
| Total liabilities | $2,559 |
| Net assets without donor restrictions | $3,528,569 |
| 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 | $3,531,128 |