Martin County Historical Museum Inc
- Assets
- $2.6m
- Revenue
- $927.5k
- Investments
- $1.1m
- Employees
- 1
- Location
- Stanton, TX
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 75-1574557
Organization Overview
Martin County Historical Museum Inc is located in Stanton, TX. The organization was established in 1977. 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. Martin County Historical 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 12/2021, Martin County Historical Museum Inc generated $927.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $101.5k during the year ending 12/2021. While expenses have increased by 13.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MARTIN COUNTY HISTORICAL MUSUEM EXISTS TO PRESERVE LOCAL HISTORY AND EDUCATE CITIZENS OF OUR COMMON LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM WAS OPENED THROUGHOUT THE YEAR AND MANY PEOPLE VISITED DURING THE YEAR. THERE WERE VIEWINGS OF COUNTY ARTIFACTS AND EDUCATIONAL PROGRAMS HELD DURING THE YEAR TO EDUCATE AND ENHANCE MARTIN COUNTY HISTORY. EDUCATIONAL PROGRAMS INCLUDED PROGRAMS HELD FOR ELEMENTARY SCHOOL STUDENTS AND VARIOUS PROGRAMS AND DISPLAYS TO INFORM MARTIN COUNTY RESIDENTS OF MARTIN COUNTY HISTORY.
THE MUSEUM WAS OPENED THROUGHOUT THE YEAR AND VARIOUS PEOPLE VISITED DURING THE YEAR. THERE WERE VIEWINGS OF COUNTY ARTIFACTS AND EDUCATIONAL PROGRAMS HELD DURING THE YEAR TO EDUCATE AND ENHANCE MARTIN COUNTY HISTORY. EDUCATIONAL PROGRAMS INCLUDED PROGAMS HELD FOR ELEMENTARY SCHOOL STUDENTS AND VARIOUS PROGAMS AND DISPLAYS TO INFORM MARTIN COUNTY RESIDENTS OF MARTIN COUNTY HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Black President | Officer | $0 | |
Shannon Black Vice Preside | Officer | $0 | |
Laura Graves Secretary/tr | Officer | $0 | |
Carletta Ingram Board Member | Trustee | $0 | |
John Myrick Board Member | Trustee | $0 | |
Mike Payne Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,740 |
| Fundraising events | $0 |
| Related organizations | $600,000 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $792,565 |
| Total Program Service Revenue | $0 |
| Investment income | $133,945 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $927,510 |
| 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 | $40,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $8,845 |
| Insurance | $964 |
| All other expenses | $5,674 |
| Total functional expenses | $101,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,149,322 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $335,841 |
| Investments—publicly traded securities | $14,916 |
| Investments—other securities | $1,077,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,577,594 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,577,594 |
| 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 | $2,577,594 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Martin County Historical Museum Inc has recieved totaling $646,266.
| Awarding Organization | Amount |
|---|---|
Fmh Foundation Midland, TX PURPOSE: RENOVATION OF THE MARTIN COUNTY HISTORICAL MUSEUM | $500,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Arts and Culture | $136,266 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSES | $10,000 |
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 |