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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sheila Perry Executive Dir. | Trustee | 40 | $118,000 |
Paula Barnett Vp-Fundraising | OfficerTrustee | 2 | $0 |
Megan Gosset Vp-Development | OfficerTrustee | 2 | $0 |
Bryan Murry Vp-Finance | OfficerTrustee | 2 | $0 |
Elizabeth Turnbull Ulate Secretary | OfficerTrustee | 2 | $0 |
Stephanie Latimer President | OfficerTrustee | 2 | $0 |
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 |
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. | $118,000 |
Compensation of current officers, directors, key employees. | $11,800 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $351,917 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $55,384 |
Payroll taxes | $36,249 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $68,492 |
Advertising and promotion | $0 |
Office expenses | $25,720 |
Information technology | $4,347 |
Royalties | $0 |
Occupancy | $86,077 |
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 | $81,227 |
Insurance | $11,483 |
All other expenses | $25,433 |
Total functional expenses | $1,006,098 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $846,347 |
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 | $16,009 |
Prepaid expenses and deferred charges | $9,075 |
Net Land, buildings, and equipment | $872,237 |
Investments—publicly traded securities | $10,638,874 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $83,972 |
Total assets | $12,466,514 |
Accounts payable and accrued expenses | $94,163 |
Grants payable | $0 |
Deferred revenue | $145,547 |
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 | $239,710 |
Net assets without donor restrictions | $5,920,119 |
Net assets with donor restrictions | $6,306,685 |
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 | $12,466,514 |
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 Organization | Amount |
---|---|
Odessa Industrial Development Foundation Odessa, TX PURPOSE: BUILDING | $400,000 |
Junior League Of Odessa Inc Odessa, TX PURPOSE: Art programs | $2,000 |
Beg. Balance | $9,240,215 |
Earnings | $1,838,140 |
Other Expense | $451,163 |
Ending Balance | $10,627,192 |
Organization Name | Assets | Revenue |
---|---|---|
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Chinati Foundation Marfa, TX | $22,539,497 | $3,562,112 |
Contemporary Arts Museum Houston Houston, TX | $15,488,500 | $3,325,689 |