Museum Of Texas Tech University Association
- Assets
- $5.8m
- Revenue
- -$38.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Lubbock, TX
- Founding
- 04/1955
- Data as of
- 08/2022
- EIN
- 75-6030627
Organization Overview
Museum Of Texas Tech University Association is located in Lubbock, TX. The organization was established in 1955. 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 08/2022, Museum Of Texas Tech University Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Texas Tech University Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION PROMOTES AND SUPPORTS THE MUSEUM OF TEXAS TECH UNIVERSITY AND ASSISTS IN SECURING MONIES, MEMBERS, COLLECTIONS, AND GENERAL GOODWILL OR THE EDUCATIONAL AND BUILDING PROGRAMS OF THE MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP THE MUSEUM'S PURPOSEAS AN EDUCATIONAL AND CULTURAL FORCE WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Barr Secretary | OfficerTrustee | 1 | $0 |
Edson Way President | OfficerTrustee | 1 | $0 |
Laurel Myers Programming | OfficerTrustee | 1 | $0 |
Sally Post Past Preside | OfficerTrustee | 1 | $0 |
Brett Villareal Treasurer | OfficerTrustee | 1 | $0 |
Tonja Hagy-Valdin Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,975 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,195 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,170 |
| Total Program Service Revenue | $68,967 |
| Investment income | $35,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$251,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,712 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$38,243 |
| 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 | $126,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,340 |
| Payroll taxes | $0 |
| 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 | $6,853 |
| Advertising and promotion | $993 |
| Office expenses | $9,588 |
| 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 | $2,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,445 |
| All other expenses | $548 |
| Total functional expenses | $458,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,044 |
| Savings and temporary cash investments | $387,432 |
| 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 | $11,248 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,824,258 |
| Total assets | $5,757,982 |
| Accounts payable and accrued expenses | $19,179 |
| 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 | $19,179 |
| Net assets without donor restrictions | $2,416,899 |
| Net assets with donor restrictions | $3,321,904 |
| 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 | $5,757,982 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Museum Of Texas Tech University Association has recieved totaling $37,700.
| Awarding Organization | Amount |
|---|---|
Ch Foundation Lubbock, TX PURPOSE: SUPPORT FOR TEMPORARY EXHIBITS PROGR | $22,500 |
Ch Foundation Lubbock, TX PURPOSE: SUPPORT FOR AUDIO/VIDEO EQUIPMENT FO | $7,100 |
Ch Foundation Lubbock, TX PURPOSE: SUPPORT FOR MUSEUM SHOP UPGRADES | $6,100 |
Kuykendall Foundation Lubbock, TX PURPOSE: GENERAL USE | $2,000 |
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 |