Luling Area Oil Museum Inc
- Assets
- $982.6k
- Revenue
- $155.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Luling, TX
- Founding
- 04/1989
- Data as of
- 03/2022
- EIN
- 74-2559148
Organization Overview
Luling Area Oil Museum Inc is located in Luling, TX. The organization was established in 1989. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Luling Area Oil Museum 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 03/2022, Luling Area Oil Museum Inc generated $155.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $48.0k during the year ending 03/2022. While expenses have increased by 0.5% per year over the past 7 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
MAINTAIN AND OPERATE AN OIL MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND OPERATE AN OIL MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Flores Executive Dir. | Trustee | 20 | $12,000 |
Cindy Martinez Secretary | OfficerTrustee | 1 | $0 |
Tracy Perryman Chairman | OfficerTrustee | 1 | $0 |
James Montgomery Vice Chairman | OfficerTrustee | 1 | $0 |
Karen Mccrary Treasurer | OfficerTrustee | 1 | $0 |
Trey Bailey Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,120 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,409 |
| Total Program Service Revenue | $0 |
| Investment income | $255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,287 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $60 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,614 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $255 |
| Office expenses | $1,318 |
| Information technology | $384 |
| Royalties | $0 |
| Occupancy | $15,298 |
| 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 | $14,554 |
| Insurance | $888 |
| All other expenses | $0 |
| Total functional expenses | $48,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,067 |
| Savings and temporary cash investments | $141,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,200 |
| 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 | $778,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $982,565 |
| Accounts payable and accrued expenses | $137 |
| 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 | $24,000 |
| Other liabilities | $0 |
| Total liabilities | $24,137 |
| Net assets without donor restrictions | $0 |
| 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 | $958,428 |
| Total liabilities and net assets/fund balances | $982,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Luling Area Oil Museum Inc has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
Bluebonnet Electric Cooperative Inc Bastrop, TX PURPOSE: TO FUND 25% OF CONCRETE AND ELEVATOR SHAFT CONSTRUCTION. | $25,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |
Southwest Dairy Museum Inc Sulphur Springs, TX | $6,816,069 | $3,600,738 |
The National Cowgirl Museum And Hall Of Fame Inc Fort Worth, TX | $20,935,740 | $2,359,164 |
The Ogden Museum Of Southern Art Inc New Orleans, LA | $9,894,768 | $3,382,497 |