Silver City Museum Society Corporation
- Assets
- $999.7k
- Revenue
- $180.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver City, NM
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 85-0333709
Organization Overview
Silver City Museum Society Corporation is located in Silver City, NM. The organization was established in 1985. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver City Museum Society Corporation 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 06/2022, Silver City Museum Society Corporation generated $180.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $171.5k during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SILVER CITY MUSEUM SOCIETY CORPORATION (THE SOCIETY) IS TO SUPPORT THROUGH FUNDRAISING AND OTHER ACTIVITIES THE MISSION OF THE SILVER CITY MUSEUM (THE MUSEUM), A MUNICIPALLY OWNED AND ESTABLISHED MUSEUM AS NOW OR HEREINAFTER CONSTITUTED OR NAMED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW MEXICO HUMANITIES COUNCIL: PROJECT FOR BUILDING A MUSEUM AND SCHOOL PARTNERSHIP FOR 7TH-12TH GRADE STUDENTS AND THEIR TEACHERS IN SILVER CITY, NM.
CHIHUAHUA HILL PROJECT. A RESEARCH PROJECT TO COLLECT ORAL STORIES, PHOTOGRAPHS AND ARTIFACTS TO DOCUMENT THE OLDEST MEXICAN-AMERICAN NEIGHBORHOOD IN SILVER CITY, NM. TO HELP CREATE A LARGER COMMUNITY PROJECT TO CONTINUE THE COMPREHENSIVE HISTORY AND THE PRESERVATION OF THE CHIHUAHUA HILL HISTORICAL DISTRICT.
PROMOTE AND ASSIST IN THE DEVELOPMENT OF THE MUSEUM'S ACTIVITIES. SEEK TO DEVELOP BROAD PUBLIC, PRIVATE AND VOLUNTEER SUPPORT. SECURING GIFTS SUPPORTIVE OF THE MUSEUM'S PROGRAMS, EXHIBITS AND COLLECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan S Hinojosa Treasurer | OfficerTrustee | 5 | $0 |
Patsy Madrid Vice President | OfficerTrustee | 5 | $0 |
Gayle Simmons President | OfficerTrustee | 5 | $0 |
Mary Ihlefeld Secretary | OfficerTrustee | 5 | $0 |
Doug Dinwiddie Trustee | Trustee | 2 | $0 |
Don Montoya Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,040 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,758 |
| Total Program Service Revenue | $0 |
| Investment income | $37,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,142 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52,717 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,485 |
| 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 | $6,459 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $75,273 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,881 |
| Advertising and promotion | $4,203 |
| Office expenses | $8,558 |
| Information technology | $4,661 |
| Royalties | $75 |
| Occupancy | $0 |
| Travel | $2,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,474 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $30,864 |
| Total functional expenses | $171,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,206 |
| Savings and temporary cash investments | $140,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,882 |
| Prepaid expenses and deferred charges | $764 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $809,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $999,684 |
| Accounts payable and accrued expenses | $5,031 |
| Grants payable | $0 |
| Deferred revenue | $108 |
| 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 | $5,139 |
| Net assets without donor restrictions | $896,002 |
| Net assets with donor restrictions | $98,543 |
| 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 | $999,684 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Silver City Museum Society Corporation has recieved totaling $56,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: CULTURE & ARTS | $50,000 |
New Mexico Endowment For The Humanities Albuquerque, NM PURPOSE: SUPPORT FOR THE SILV | $6,000 |
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 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
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 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |