Karnes County Historical Society
- Assets
- $727.3k
- Revenue
- $116.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Karnes City, TX
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 74-2189232
Organization Overview
Karnes County Historical Society is located in Karnes City, TX. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karnes County Historical Society 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, Karnes County Historical Society generated $116.2k 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 (12.9%) each year. All expenses for the organization totaled $60.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Sue Carter President | 0 | $0 | |
Hugh B Ruckman III Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,050 |
| Interest on Savings | $952 |
| Dividends & Interest | $4,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,618 |
| Capital Gain Net Income | $4,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,048 |
| Total Revenue | $116,159 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $22,830 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,496 |
| Depreciation | $5,039 |
| Occupancy | $8,767 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,271 |
| Total operating and administrative expenses | $60,792 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $60,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664 |
| Savings and temporary cash investments | $678,742 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,046 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $30,855 |
| Other assets | $0 |
| Total assets | $727,307 |
| Accounts payable and accrued expenses | $930 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $930 |