Colonel Museum Inc is located in Galveston, TX. The organization was established in 1986. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Colonel Museum Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonel 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 09/2021, Colonel Museum Inc generated $688.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $715.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM LOCATED ABOARD A PADDLEWHEEL BOAT WITH EXHIBITS DEPICTING THE HISTORY OF PADDLEWHEEL TRANSPORTATION IN TEXAS
Describe the Organization's Program Activity:
THE COLONEL MUSEUM, INC MANAGES AND OPERATES A MUSEUM LOCATED ABOARD A PADDLEWHEEL BOAT WITH EXHIBITS DEPICTING THE HISTORY OF PADDLEWHEEL TRANSPORTATION IN TEXAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
E Douglas Mcleod Vice-Pres | OfficerTrustee | 1 | $350 |
Charles Milos Sec/trea | OfficerTrustee | 1 | $350 |
Joy Cowan Vice-Pres | OfficerTrustee | 1 | $350 |
E Vince Matihews III Chairman/pres | OfficerTrustee | 1 | $350 |
Gene Lucas Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $583,965 |
Investment income | $274 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$21,363 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $124,387 |
Miscellaneous Revenue | $0 |
Total Revenue | $688,828 |
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. | $1,400 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $305,115 |
Pension plan accruals and contributions | $977 |
Other employee benefits | $16,488 |
Payroll taxes | $24,267 |
Fees for services: Management | $30,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,401 |
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 | $5,204 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $19,200 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,650 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $137,273 |
Insurance | $66,115 |
All other expenses | $63,721 |
Total functional expenses | $715,855 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $175,419 |
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 | $28,304 |
Prepaid expenses and deferred charges | $23,428 |
Net Land, buildings, and equipment | $659,108 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $886,259 |
Accounts payable and accrued expenses | $59,167 |
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 | $59,167 |
Net assets without donor restrictions | $803,188 |
Net assets with donor restrictions | $23,904 |
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 | $886,259 |
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Bryan Texana Foundation Houston, TX | $8,461,183 | $2,408,537 |
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National Atomic Museum Foundation Albuquerque, NM | $7,001,482 | $2,166,618 |
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