Lompoc Museum Associates Inc
- Assets
- $1.1m
- Revenue
- $99.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Lompoc, CA
- Founding
- 04/1970
- Data as of
- 06/2024
- EIN
- 95-2859355
Organization Overview
Lompoc Museum Associates Inc is located in Lompoc, CA. The organization was established in 1970. 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 06/2024, Lompoc Museum Associates Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lompoc Museum Associates 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 06/2024, Lompoc Museum Associates Inc generated $99.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $271.6k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC HISTORICAL MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM PROVIDES PROGRAM SERVICES AND ON-SITE EXHIBITS FOR THE BENEFIT OF SCHOOL CHILDREN, ADULTS, AND SCHOLARS. THE MUSEUM'S PURPOSE IS TO OPERATE AND MAINTAIN A PUBLIC HISTORICAL MUSEUM TO INCREASE AND DISSEMINATE KNOWLEDGE AND APPRECIATION OF THE LOCAL AREA. THE CITY OF LOMPOC DONATES USE OF MUSEUM FACILITIES FOR $1 PER YEAR. FAIR MARKET VALUE OF THIS DONATION IS $27,300 PER YEAR.
THE MUSEUM PROVIDES PROGRAMS HEIGHTENING PUBLIC AWARENESS OF NATIONAL HISTORICAL EVENTS, OTHER CULTURES AND ENVIRONMENTAL ISSUES.
THE MUSEUM PROVIDES TOURS OF ARTESIA SCHOOL, A HISTORICAL SITE, FOR SCHOOL CHILDREN AND THE GENERAL PUBLIC. THE LOMPOC UNIFIED SCHOOL DISTRICT DONATES USE OF THE ARTESIA SCHOOL TO THE MUSEUM FOR $1 PER YEAR. FAIR MARKET VALUE FOR OCCUPANCY OF THESE FACILITIES IS $6,048 PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lisa Renken Director | Trustee | 35 | $43,590 |
Don Adams Director | Trustee | 2 | $0 |
Michael Callahan Treasurer | OfficerTrustee | 2 | $0 |
Wynn Clevenger President | OfficerTrustee | 2 | $0 |
Dr James Carucci Director | Trustee | 2 | $0 |
Jim Paterson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,735 |
| Total Program Service Revenue | $9,441 |
| Investment income | $21,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,560 |
| Net Income from Fundraising Events | -$1,138 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,930 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,798 |
| 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. | $43,590 |
| Compensation of current officers, directors, key employees. | $17,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,978 |
| Fees for services: Other | $258 |
| Advertising and promotion | $743 |
| Office expenses | $521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,752 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,376 |
| Insurance | $6,592 |
| All other expenses | $3,191 |
| Total functional expenses | $271,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,099 |
| Savings and temporary cash investments | $47,802 |
| 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 | $11,288 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $415,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $625,554 |
| Total assets | $1,148,029 |
| 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 | $2,141 |
| Total liabilities | $2,141 |
| Net assets without donor restrictions | $1,145,888 |
| Net assets with donor restrictions | $0 |
| 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 | $1,148,029 |