Victor Museum Improvement Association
- Assets
- $1.0m
- Revenue
- $69.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Victor, CO
- Founding
- 01/1983
- Data as of
- 12/2022
- EIN
- 74-2109407
Organization Overview
Victor Museum Improvement Association is located in Victor, CO. The organization was established in 1983. 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 12/2022, Victor Museum Improvement Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victor Museum Improvement 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, Victor Museum Improvement Association generated $69.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $93.8k during the year ending 12/2022. 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 MUSEUM'S MISSION IS TO COLLECT, PRESERVE, RESEARCH, AND INTERPRET THE HISTORY OF VICTOR AND THE COMMUNITIES OF THE CRIPPLE CREEK MINING DISTRICT FOR THE EDUCATION AND ENJOYMENT OF THE CITIZENS OF VICTOR, THE RESIDENTS OF TELLER COUNTY, AND THE GENERAL PUBLIC. IN 2022, WE HOSTED 7,855 VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PART OF OUR RECENT PRESERVATION EFFORTS INCLUDE THE NEW ARCHIVE ROOM IN THE BASEMENT OF THE MUSEUM. WE CONTINUE TO RELOCATE AND ORGANIZE THE ARCHIVES, INCLUDING SEVERAL YEARS OF HISTORIC NEWSPAPERS, PHOTOS AND DOCUMENTS, AS WELL AS ARTIFACTS FROM LOCAL FAMILIES THAT TELL THE HISTORY OF THE TOWN AND AREA. IN 2022, THE BOUND VOLUMES OF NEWSPAPERS, PLACED IN ARCHIVAL BOXES, WERE INDEXED AND SHELVED. WE HAVE BEEN SHARING SNIPPETS FROM THE PAPERS ON OUR FACEBOOK PAGE. WE ALSO INSTALLED A SINK ON THE UPPER FLOOR, MAKING CLEANING THE FLOORS MUCH EASIER. WE CONTINUE TO OFFER THE NEW GOLD CAMP ADVENTURE TOURS AS WELL AS THE SUNNYSIDE CEMETERY TOURS, AND ADDED ADDITIONAL DOWNTOWN VICTOR WALKING TOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Zalewski President | OfficerTrustee | 10 | $0 |
Karen Muntzert Vice Pres/se | OfficerTrustee | 10 | $0 |
Sarah Watson Treasurer | OfficerTrustee | 10 | $0 |
Jon Zalewski Member | Trustee | 20 | $0 |
Connie Dodrill Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,312 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,223 |
| Total Program Service Revenue | $23,854 |
| Investment income | $124 |
| 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 | $21,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,552 |
| 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 | $21,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,382 |
| Office expenses | $5,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,769 |
| 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 | $40,102 |
| Insurance | $5,272 |
| All other expenses | $0 |
| Total functional expenses | $93,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,781 |
| Savings and temporary cash investments | $69,446 |
| 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 | $23,594 |
| Prepaid expenses and deferred charges | $855 |
| Net Land, buildings, and equipment | $853,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,047,976 |
| Accounts payable and accrued expenses | $1,632 |
| 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 | $1,632 |
| Net assets without donor restrictions | $1,046,344 |
| 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 | $1,047,976 |