Museum Of Western Colorado
- Assets
- $5.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Grand Junction, CO
- Founding
- 01/1966
- Data as of
- 12/2021
- EIN
- 84-0588068
Organization Overview
Museum Of Western Colorado is located in Grand Junction, CO. The organization was established in 1966. 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 12/2021, Museum Of Western Colorado employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Western Colorado 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 12/2021, Museum Of Western Colorado generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
THE MUSEUM OF WESTERN COLORADO IS AN EDUCATIONAL INSTITUTION THAT COLLECTS, PRESERVES, AND INTERPRETS ARTIFACTS, SPECIMENS, AND INFORMATION CONCERNING THE CULTURAL AND NATURAL HISTORY OF WESTERN COLORADO AND THE CONTIGUOUS AREA. WE ENHANCE THE QUALITY OF LIFE FOR THE PUBLIC WE SERVE THROUGH RESEARCH, PROGRAMS, AND EXHIBITS TO PROMOTE AWARNESS, UNDERSTANDING, APPRECIATION AND PRESERVATION OF THE PAST AND PRESENT.
Describe the Organization's Program Activity:
EXHIBITS - EXHIBITS AND EVENTS ASSOCIATED WITH THE MUSEUM OF THE WEST, CROSS ORCHARD AND DINOSAUR JOURNEY. ALL EXHIBITS ARE OF A HISTORICAL NATURE AND COMPLIMENT THE MUSEUM'S GOAL OF PROMOTING AND PRESERVING THE HISTORY OF WESTERN COLORADO FROM PREHISTORIC TIMES TO PRESENT.
CURATORIAL - THE SELECTION, STUDY AND PRESERVATION OF HISTORICAL ARTIFACTS. THIS COVERS THE STUDY AND PROMOTION OF THE HISTORY OF WESTERN COLORADO FROM PREHISTORIC TIMES TO PRESENT. THIS ALSO INCLUDES THE DESIGN AND DIRECTION OF THE MUSEUM AND ITS EXHIBITS.
EDUCATIONAL - THESE PROGRAMS PROMOTE THE EDUCATION ASPECTS ASSOCIATED WITH OUR CORE PROGRAMS AT MUSEUM OF THE WEST, CROSS ORCHARD AND DINOSAUR JOURNEY. THE GOAL OF THESE PROGRAMS IS TO EDUCATE MEMBERS OF THE COMMUNITY AND OTHER INTERESTED PARTIES ON THE HISTORY OF WESTERN COLORADO FROM PREHISTORIC TIMES TO PRESENT. THE MUSEUM'S EDUCATIONAL PROGRAMS COMPLIMENT OUR CURATORIAL AND EXHIBIT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaia Michaelis Executive Di | Officer | 40 | $75,326 |
Mark Francis Director | Trustee | 1 | $0 |
Edward Gardner Emeritus | Trustee | 1 | $0 |
Christina Harney Director | Trustee | 1 | $0 |
Karen Leonhart Director | Trustee | 1 | $0 |
John Justman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,046 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $467,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $692,755 |
| Total Program Service Revenue | $413,817 |
| Investment income | $34,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,488 |
| Net Gain/Loss on Asset Sales | $298,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $140,880 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,916,272 |
| 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. | $85,872 |
| Compensation of current officers, directors, key employees. | $9,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,637 |
| Pension plan accruals and contributions | $29,762 |
| Other employee benefits | $0 |
| Payroll taxes | $39,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,157 |
| Fees for services: Accounting | $3,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $18,478 |
| Office expenses | $51,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,587 |
| Travel | $511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,006 |
| Insurance | $51,737 |
| All other expenses | $19,915 |
| Total functional expenses | $1,037,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,582 |
| Savings and temporary cash investments | $1,327,689 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,176 |
| Prepaid expenses and deferred charges | $7,590 |
| Net Land, buildings, and equipment | $3,511,246 |
| Investments—publicly traded securities | $295,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,482,954 |
| Accounts payable and accrued expenses | $27,642 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $152,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $349 |
| Total liabilities | $182,657 |
| Net assets without donor restrictions | $5,228,398 |
| Net assets with donor restrictions | $71,899 |
| 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 | $5,482,954 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Museum Of Western Colorado has recieved totaling $16,179.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $5,679 |
Denver Foundation Denver, CO PURPOSE: THIS GRANT IS PRESERVATION OF THE TEXTILE COLLECTIONS | $5,500 |
Goodwin Foundation Grand Junction, CO PURPOSE: OPERATING SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $996,922 |
| Earnings | $133,338 |
| Admin Expense | $7,454 |
| Net Contributions | $499,950 |
| Ending Balance | $1,622,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Bill Memorial Association Cody, WY | $124,253,883 | $15,385,137 |
United States Olympic Museum Colorado Springs, CO | $105,893,156 | $12,173,227 |
Orrin G Hatch Foundation Salt Lake City, UT | $20,026,805 | $2,966,920 |
This Is The Place Foundation Salt Lake City, UT | $18,452,437 | $7,731,994 |
Museum Of Northern Arizona Inc Flagstaff, AZ | $21,755,182 | $7,019,493 |
Colorado Railroad Historical Foundation Inc Golden, CO | $11,069,630 | $3,773,051 |
Stuhr Museum Of The Prairie Pioneer Grand Island, NE | $6,589,907 | $1,816,416 |
National Atomic Museum Foundation Albuquerque, NM | $7,001,482 | $2,166,618 |
Boot Hill Museum Inc Dodge City, KS | $8,102,967 | $1,858,264 |
Steamboat Springs Chamber Steamboat Springs, CO | $1,219,063 | $1,684,300 |
Museum Of The Great Plains Authority Lawton, OK | $7,377,490 | $986,332 |
Museum Of Western Colorado Grand Junction, CO | $5,482,954 | $1,916,272 |