Ellen Noel Art Museum Of The Permian Basin

Organization Overview

Ellen Noel Art Museum Of The Permian Basin is located in Odessa, TX. The organization was established in 1978. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Ellen Noel Art Museum Of The Permian Basin employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellen Noel Art Museum Of The Permian Basin 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 08/2021, Ellen Noel Art Museum Of The Permian Basin generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.0m during the year ending 08/2021. While expenses have increased by 0.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ELLEN NOEL ART MUSEUM IS A CHARITABLE NON-PROFIT ART MUSEUM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ELLEN NOEL ART MUSEUM OF THE PERMIAN BASIN CONNECTS PEOPLE WITH ART BY ENGAGING OUR COMMUNITY THROUGH EXHIBITIONS, EDUCATION, COLLECTIONS AND OUTREACH.


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Board, Officers & Key Employees

Name (title)Compensation
Sheila Perry
Executive Dir.
$118,000
Paula Barnett
Vp-Fundraising
$0
Megan Gosset
Vp-Development
$0
Bryan Murry
Vp-Finance
$0
Elizabeth Turnbull Ulate
Secretary
$0
Stephanie Latimer
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$63,464
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$789,844
Noncash contributions included in lines 1a–1f $11,863
Total Revenue from Contributions, Gifts, Grants & Similar$853,308
Total Program Service Revenue$14,791
Investment income $363,225
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,092
Net Gain/Loss on Asset Sales $418,025
Net Income from Fundraising Events $83,989
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,781,950

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ellen Noel Art Museum Of The Permian Basin has recieved totaling $402,000.

Awarding OrganizationAmount
Odessa Industrial Development Foundation

Odessa, TX

PURPOSE: BUILDING

$400,000
Junior League Of Odessa Inc

Odessa, TX

PURPOSE: Art programs

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,240,215
Earnings$1,838,140
Other Expense$451,163
Ending Balance$10,627,192

Peer Organizations

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