Civic Intelligence

Red River Valley Museum

990 • Fiscal year 2014 • EIN 75-6043089

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 27, 2015

PO Box 2004Vernon, TX 76385-2004

(940) 553-1848

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

45th percentile

0.09x

Higher debt load relative to revenue than 45% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

54th percentile

3.9%

Higher net margin than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

44th percentile

0.6%

Faster asset growth than 44% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

99%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,537,695

Up $9,186 (+0.6%) from 2013

Net Assets

Up

$1,515,248

Up $14,957 (+1.0%) from 2013

Liabilities

Down

$22,447

Down $5,771 (-20%) from 2013

Revenue

Up

$256,722

Up $127,776 (+99%) from 2013

Expenses

Up

$246,595

Up $152,296 (+162%) from 2013

Net Income

Down

$10,127

Down $24,520 (-71%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,409,708Liabilities 2010: $2,347Net Assets 2010: $1,407,3612010Assets 2011: $1,426,503Liabilities 2011: $1,312Net Assets 2011: $1,425,1912011Assets 2012: $1,467,905Liabilities 2012: $2,261Net Assets 2012: $1,465,6442012Assets 2013: $1,528,509Liabilities 2013: $28,218Net Assets 2013: $1,500,2912013Assets 2014: $1,537,695Liabilities 2014: $22,447Net Assets 2014: $1,515,2482014Assets 2015: $2,165,189Liabilities 2015: $3,905Net Assets 2015: $2,161,2842015Assets 2016: $2,211,847Liabilities 2016: $3,974Net Assets 2016: $2,207,8732016Assets 2017: $2,309,955Liabilities 2017: $1,267Net Assets 2017: $2,308,6882017Assets 2018: $2,334,547Liabilities 2018: $1,682Net Assets 2018: $2,332,8652018Assets 2019: $2,716,693Liabilities 2019: $1,682Net Assets 2019: $2,715,0112019Assets 2020: $2,821,225Liabilities 2020: $1,672Net Assets 2020: $2,819,5532020Assets 2021: $2,869,746Liabilities 2021: $2,068Net Assets 2021: $2,867,6782021Assets 2022: $2,897,917Liabilities 2022: $1,972Net Assets 2022: $2,895,9452022Assets 2023: $3,003,619Liabilities 2023: $2,459Net Assets 2023: $3,001,1602023Assets 2024: $3,130,209Liabilities 2024: $2,971Net Assets 2024: $3,127,2382024

Highlighted filing

2014

Assets$1,537,695
Liabilities$22,447
Net Assets$1,515,248

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Expenses 2010: $118,3542010Expenses 2011: $132,9322011Revenue 2012: $127,554Expenses 2012: $87,101Net Income 2012: $40,4532012Revenue 2013: $128,946Expenses 2013: $94,299Net Income 2013: $34,6472013Revenue 2014: $256,722Expenses 2014: $246,595Net Income 2014: $10,1272014Revenue 2015: $758,757Expenses 2015: $112,721Net Income 2015: $646,0362015Revenue 2016: $158,564Expenses 2016: $111,975Net Income 2016: $46,5892016Revenue 2017: $246,638Expenses 2017: $145,823Net Income 2017: $100,8152017Revenue 2018: $160,550Expenses 2018: $136,373Net Income 2018: $24,1772018Revenue 2019: $512,566Expenses 2019: $130,420Net Income 2019: $382,1462019Revenue 2020: $252,787Expenses 2020: $148,245Net Income 2020: $104,5422020Revenue 2021: $212,123Expenses 2021: $163,998Net Income 2021: $48,1252021Revenue 2022: $222,519Expenses 2022: $194,252Net Income 2022: $28,2672022Revenue 2023: $289,233Expenses 2023: $184,020Net Income 2023: $105,2132023Revenue 2024: $308,952Expenses 2024: $190,668Net Income 2024: $118,2842024

Highlighted filing

2014

Revenue$256,722
Expenses$246,595
Net Income$10,127
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 27, 2015
Return Version
2014v5.0
Gross Receipts
$267,747
Mission and Program Overview

Mission

Historic and Art Museum for the preservation and exhibition of artifacts that encompass and influence the education, history and lives of Vernon and Wilbarger County residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,102,233$994,688▼ $107,545
Savings and Temporary Cash Investments$369,006$501,210▲ $132,204
Cash and Non-Interest-Bearing Accounts$48,201$33,728▼ $14,473
Inventories for Sale or Use$5,073$4,073▼ $1,000
Total Assets$1,528,509$1,537,695▲ $9,186
Other Assets Total$3,996$3,996→ $0
Liabilities
Unsecured Notes Loans Payable$25,877$20,187▼ $5,690
Accounts Payable and Accrued Expenses$2,341$2,260▼ $81
Total Liabilities$28,218$22,447▼ $5,771
Net Assets / Fund Balance
Unrestricted Net Assets$1,133,828$1,022,050▼ $111,778
Permanently Rstr Net Assets$319,188$319,135▼ $53
Temporarily Rstr Net Assets$47,275$174,063▲ $126,788
Total Net Assets Fund Balance$1,500,291$1,515,248▲ $14,957
Total Liabilities and Net Assets / Fund Balance$1,528,509$1,537,695▲ $9,186

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$941,094-$941,094
Buildings$50,920$740,081$791,001
Equipment$2,674$151,458$154,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$319,188-▲ $3,320$2,893$319,135
2013$321,994-▲ $3,492$5,818$319,188
2012$328,648-▲ $5,075$11,249$321,994
2011$328,779-▲ $14,551$14,202$328,648
2010$324,083-▲ $16,477$11,301$328,779
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$212,808
Program Service Revenue
$14,362
Investment Income
$3,371
Other Revenue
$26,181
All Other Contributions
$157,420
Change in Net Assets
$10,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,663
Salaries, Compensation, and Employee Benefits$31,932
Total Fundraising Expense$17,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,941$7,471$7,471$29,883
Occupancy$17,250$5,750-$23,000
Fees for Services Other$9,500--$9,500
Advertising$7,858--$7,858
All Other Expenses$2,237$2,228-$4,465
Office Expenses$1,025$1,025$1,025$3,075
Depreciation Depletion$2,593--$2,593
Payroll Taxes$1,025$512$512$2,049
Other Expenses$970$970$8,162$1,940
Fees for Services Accounting-$1,500-$1,500
Travel$920--$920
Total Functional Expenses$204,319$25,106$17,170$246,595
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,366
Fundraising Direct Expenses$8,603
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Casino NIght$23,995$23,995$5,706$18,289
Lunch Box$8,371$8,371$2,722$5,649
Total Events$32,366$32,366$8,428$23,938
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

No committe has authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11

The organization's principal officer individually reviews the organization's tax return, Form 990, at the time of filing with the IRS, and the 990 return is subsequently presented to the board for their review.

Form 990, Part VI, Section C, line 19

The organization's governing documents and financial statements are available to the public during normal office hours or by written requests to Sherry Yoakum, 4600 College Drive, Vernon, TX 76384.

Filing and Contact Details

Filer

Filer Name
Red River Valley Museum
EIN
75-6043089
Phone
9405531848
Address
PO Box 2004, Vernon, TX 76385-2004

Signing Officer

Name
Scott Meyers
Title
Treasurer
Phone
9405531848
Signed
2015-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Meyers
Formed
1964
Legal Domicile
TX
Voting Board Members
34
Independent Board Members
34
Employees
6
Volunteers
0

Preparer

Firm
King Moore Truelove & Pharis CPAs
Address
PO Box 1331, Vernon, TX 76385-1331
Preparer
John T Truelove
Phone
9405525481
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

Establish an endowment fund to provide income to support the Red River Valley Museum of Vernon, TX's tax exempt purpose.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt013839
IRS990/FundraisingDirectExpensesAmt08603
IRS990/FundraisingGrossIncomeAmt032366
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt034
IRS990/GovernmentGrantsAmt041549
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0267747
IRS990/GrossSalesOfInventoryAmt04447
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt02
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt02
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt034
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05073
IRS990/InventoriesForSaleOrUseGrp/EOYAmt04073
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03369
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03369
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0891539
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01102233
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0994688
IRS990/LandBldgEquipCostOrOtherBssAmt01886227
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Historic and Art Museum for the preservation and exhibition of artifacts that encompass and influence the education, history and lives of Vernon and Wilbarger County residents.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01500291
IRS990/NetAssetsOrFundBalancesEOYAmt01515248
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt023763
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt023763
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02025
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02025
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05750
IRS990/OccupancyGrp/ProgramServicesAmt017250
IRS990/OccupancyGrp/TotalAmt023000
IRS990/OfficeExpensesGrp/FundraisingAmt01025
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01025
IRS990/OfficeExpensesGrp/ProgramServicesAmt01025
IRS990/OfficeExpensesGrp/TotalAmt03075
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03996
IRS990/OtherAssetsTotalGrp/EOYAmt03996
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Great Western Trails Bl
IRS990/OtherExpensesGrp/Desc1Historic & Artistic Fun
IRS990/OtherExpensesGrp/Desc2Audit Fee
IRS990/OtherExpensesGrp/Desc3Telephone
IRS990/OtherExpensesGrp/FundraisingAmt08162
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05650
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1970
IRS990/OtherExpensesGrp/ProgramServicesAmt0146000
IRS990/OtherExpensesGrp/ProgramServicesAmt1970
IRS990/OtherExpensesGrp/TotalAmt0146000
IRS990/OtherExpensesGrp/TotalAmt18162
IRS990/OtherExpensesGrp/TotalAmt25650
IRS990/OtherExpensesGrp/TotalAmt31940
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07471
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07471
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt014941
IRS990/OtherSalariesAndWagesGrp/TotalAmt029883
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0512
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0512
IRS990/PayrollTaxesGrp/ProgramServicesAmt01025
IRS990/PayrollTaxesGrp/TotalAmt02049
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0319188
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0319135
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Scott Meyers
IRS990/PriorPeriodAdjustmentsAmt04830
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Historic & Artistic Fu
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014362
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt099377
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03534
IRS990/PYOtherExpensesAmt062279
IRS990/PYOtherRevenueAmt09884
IRS990/PYProgramServiceRevenueAmt016151
IRS990/PYRevenuesLessExpensesAmt034647
IRS990/PYSalariesCompEmpBnftPaidAmt032020
IRS990/PYTotalExpensesAmt094299
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0128946
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt010127
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020151
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt0393
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0393
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0369006
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0501210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0212808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt099377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt062514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt088670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt072043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0535412
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt019890
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017152
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt051372
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0222532
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78530
IRS990ScheduleA/PublicSupportPY170Pct00.81170
IRS990ScheduleA/PublicSupportTotal170Amt0499836

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.31$0.19$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.00$0.00$3.00$0.29$0.18$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$0.22$0.19$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.87$0.00$2.87$0.21$0.16$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.25$0.15$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.51$0.13$0.38
2018Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.16$0.14$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$0.25$0.15$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$0.16$0.11$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.16$0.76$0.11$0.65
2014Detailed filing. Detailed filing data is available for this year.$1.54$0.02$1.52$0.26$0.25$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.53$0.03$1.50$0.13$0.09$0.03
2012Summary only. Only limited summary data is available for this year.$1.47$0.00$1.47$0.13$0.09$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.00$1.41$0.12