Bolack Museum Foundation
- Assets
- $5.8m
- Revenue
- $63.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, NM
- Founding
- 01/2000
- Data as of
- 02/2022
- EIN
- 85-0456388
Organization Overview
Bolack Museum Foundation is located in Farmington, NM. The organization was established in 2000. 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. Bolack Museum Foundation 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 02/2022, Bolack Museum Foundation generated $63.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $71.6k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS DIRECT CHARITABLE ACTIVITY IS THE OPERATION AND MANAGEMENT OF THE BOLACK MUSEUM OF FISH AND WILDLIFE. THROUGH THE MUSEUM, THE FOUNDATION EDUCATES ALL GENERATIONS ON THE VALUE AND BALANCE OF THE EARTH'S RESOURCES AND TEACHES THEM TO BE RESPONSIBLE STEWARDS OF THESE RESOURCES. THE MUSEUM EMPHASIZES THE EARTH'S HABITAT THROUGH ITS DISPLAYS OF WILDLIFE, BIRDS AND FISH IN THEIR NATURAL ENVIRONMENT. THE FOUNDATION PROVIDES EDUCATIONAL MATERIALS FOCUSING ON THE PRESERVATION, CONSERVATION AND STUDY OF WILDLIFE, BIRDS AND FISH. DURING ITS FISCAL YEAR BEGINNING MARCH 1, 2021 AND ENDING FEBRUARY 28, 2022, APPROXIMATELY 1,576 INDIVIDUALS INCLUDING MANY STUDENTS FROM AREA CLASSROOMS VISITED THE MUSEUM.THE EXPENSES SHOWN ON PAGE ONE OF FORM 990-PF RELATE TO THE OPERATION AND MANAGEMENT OF THE BOLACK MUSEUM OF FISH AND WILDLIFE AND ARE PAID BY TOMMY BOLACK AND B SQUARE RANCH, LLC ON BEHALF OF BOLACK MUSEUM FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane T Tommy Bolack Director/pres/treasurer | 5 | $0 | |
Richard Tc Tully Director | 0 | $0 | |
Sam C Boren Director/secretary | 0 | $0 | |
Mark Johnson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,624 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $17,260 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $19,149 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,136 |
| Total operating and administrative expenses | $71,637 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $71,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,110 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,998,000 |
| Other assets | $3,800,463 |
| Total assets | $5,814,573 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
The Leonardo Salt Lake City, UT | $1,888,403 | $4,555,150 |
Childrens Museum Of Phoenix Phoenix, AZ | $9,716,806 | $7,301,894 |
Southwest Dairy Museum Inc Sulphur Springs, TX | $6,816,069 | $3,600,738 |