Far West Heritage Association
- Assets
- $4.1m
- Revenue
- $200.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Durham, CA
- Founding
- 08/1982
- Data as of
- 12/2020
- EIN
- 94-2740978
Organization Overview
Far West Heritage Association is located in Durham, CA. The organization was established in 1982. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Far West Heritage Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Far West Heritage Association 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 12/2020, Far West Heritage Association generated $200.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $225.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FAR WEST HERITAGE ASSOCIATION PROVIDES A FORUM FOR HISTORICAL AS WELL AS NON-HISTORICAL MUSEUM EXHIBITS. THE ASSOCIATION HAS ALSO BEEN BEQUESTED A HISTORICAL FARMHOUSE & RANCH WHICH IS TO BE USED TO PRESERVE THE COMMUNITY'S HISTORICAL TREASURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WAS PREVIOUSLY BEQUESTED A SIGNIFICANT ENDOWMENT TO FACILITATE A NATIONAL REGISTERED HISTORICAL RANCH/FARMHOUSE PROPERTY (THE PATRICK RANCH MUSEUM). THE PROPERTY IS TO BE USED TO RETAIN THE COMMUNITY'S HISTORICAL TREASURES. THIS PROPERTY SPEARHEADED THE ASSOCIATIONS FUTURE PLANNING AND THE PRESERVATION AND CATALOGING OF HISTORICAL ARTIFACTS FROM THE PATRICK RANCH COLLECTION.
THE ASSOCIATION WAS PREVIOUSLY BEQUESTED A SIGNIFICANT ENDOWMENT TO FACILITATE A NATIONAL REGISTERED HISTORICAL RANCH/FARMHOUSE PROPERTY (THE PATRICK RANCH MUSEUM). THE PROPERTY IS TO BE USED TO RETAIN THE COMMUNITY'S HISTORICAL TREASURES. THIS PROPERTY SPEARHEADED THE ASSOCIATIONS FUTURE PLANNING AND THE PRESERVATION AND CATALOGING OF HISTORICAL ARTIFACTS FROM THE PATRICK RANCH COLLECTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Heithecker President | OfficerTrustee | 10 | $0 |
Susan Donohue Vice President | OfficerTrustee | 10 | $0 |
Jack Thorpe Treasurer | OfficerTrustee | 2 | $0 |
Jan Holman Secretary | OfficerTrustee | 2 | $0 |
Philip Price VP - Endowment | Trustee | 1 | $0 |
Paul Moore Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,194 |
| Total Program Service Revenue | $0 |
| Investment income | $84,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,595 |
| Net Gain/Loss on Asset Sales | -$68,491 |
| Net Income from Fundraising Events | $34,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,170 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,308 |
| 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 | $57,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,054 |
| Payroll taxes | $5,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,551 |
| Fees for services: Other | $75 |
| Advertising and promotion | $0 |
| Office expenses | $3,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,604 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,025 |
| Insurance | $14,426 |
| All other expenses | $1,380 |
| Total functional expenses | $225,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,850 |
| Savings and temporary cash investments | $113,442 |
| 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 | $1,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,442,888 |
| Investments—publicly traded securities | $2,380,913 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,000 |
| Total assets | $4,103,593 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,848 |
| Total liabilities | $10,848 |
| Net assets without donor restrictions | $158,734 |
| Net assets with donor restrictions | $3,934,011 |
| 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 | $4,103,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Far West Heritage Association has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Endowment Analysis
| Beg. Balance | $2,365,501 |
| Earnings | $133,900 |
| Admin Expense | $9,552 |
| Other Expense | $80,109 |
| Ending Balance | $2,409,740 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |