Texas Energy Museum Inc
- Assets
- $4.0m
- Revenue
- $774.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Beaumont, TX
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 76-0225927
Organization Overview
Texas Energy Museum Inc is located in Beaumont, TX. The organization was established in 1987. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Texas Energy Museum Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Energy 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 12/2023, Texas Energy Museum Inc generated $774.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $526.4k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN AND OPERATE MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND OPERATE MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Skobel President | OfficerTrustee | $0 | |
Jamie Dishman Treasurer | OfficerTrustee | $0 | |
Mike Burrow Secretary | OfficerTrustee | $0 | |
Chad Anderson Board Member | Trustee | $0 | |
Pat Avery Board Member | Trustee | $0 | |
Skylair Deranieri Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $461,842 |
| Related organizations | $100,000 |
| Government grants | $199,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,816 |
| Noncash contributions included in lines 1a–1f | $130,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $892,208 |
| Total Program Service Revenue | $8,729 |
| Investment income | $7,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$134,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$41 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,240 |
| 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 | $153,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,665 |
| Payroll taxes | $11,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $224,166 |
| 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 | $25,790 |
| Insurance | $10,863 |
| All other expenses | $57,983 |
| Total functional expenses | $526,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,020 |
| Prepaid expenses and deferred charges | $7,714 |
| Net Land, buildings, and equipment | $94,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,401,372 |
| Total assets | $4,042,067 |
| Accounts payable and accrued expenses | $19,431 |
| Grants payable | $0 |
| Deferred revenue | $20,433 |
| 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 | $39,864 |
| Net assets without donor restrictions | $3,934,551 |
| Net assets with donor restrictions | $67,652 |
| 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 | $4,042,067 |