Victoria Regional Museum Assn Inc
- Assets
- $2.8m
- Revenue
- $666.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Victoria, TX
- Founding
- 06/1960
- Data as of
- 05/2021
- EIN
- 74-6099266
Organization Overview
Victoria Regional Museum Assn Inc is located in Victoria, TX. The organization was established in 1960. 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 05/2021, Victoria Regional Museum Assn Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victoria Regional Museum Assn 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 05/2021, Victoria Regional Museum Assn Inc generated $666.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $146.1k during the year ending 05/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE APPRECIATION AND ACCESS TO VISUAL ARTS AND HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OPERATES THE NAVE MUSEUM, WHICH ENRICHES, ENLIGHTENS AND EDUCATES BY FEATURING SIX TO EIGHT EXHIBITS PER YEAR.
THE ASSOCIATION OPERATES THE NAVE MUSEUM, WHICH ENRICHES, ENLIGHTENS AND EDUCATES BY FEATURING SIX TO EIGHT EXHIBITS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernesto Perez President | Officer | $0 | |
Kathleen Carey Vice Preside | Officer | $0 | |
Tim Hornback Treasurer | Officer | $0 | |
Denise Villafranca Secretary | Officer | $0 | |
Mardie Ellington Member At La | Trustee | $0 | |
Tony Vasquez Member At La | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $552,727 |
| Investment income | $54,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,918 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $62,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,368 |
| Advertising and promotion | $958 |
| Office expenses | $7,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,932 |
| 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 | $6,826 |
| Insurance | $11,178 |
| All other expenses | $0 |
| Total functional expenses | $146,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,452 |
| Savings and temporary cash investments | $366,371 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,154,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,809,945 |
| 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 | $12,569 |
| Total liabilities | $12,569 |
| 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 |
| Total liabilities and net assets/fund balances | $2,797,376 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victoria Regional Museum Assn Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Oconnor & Hewitt Foundation Victoria, TX PURPOSE: MUSEUM OPERATIONAL FUNDS AND FUNDING FOR SOFTWARE | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
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 |