Civic Intelligence

Red River Valley Museum

990 • Fiscal year 2015 • EIN 75-6043089

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 11, 2016

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

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

89th percentile

41%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

196%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,165,189

Up $627,494 (+41%) from 2014

Net Assets

Up

$2,161,284

Up $646,036 (+43%) from 2014

Liabilities

Down

$3,905

Down $18,542 (-83%) from 2014

Revenue

Up

$758,757

Up $502,035 (+196%) from 2014

Expenses

Down

$112,721

Down $133,874 (-54%) from 2014

Net Income

Up

$646,036

Up $635,909 (+6279%) from 2014

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

2015

Assets$2,165,189
Liabilities$3,905
Net Assets$2,161,284

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

2015

Revenue$758,757
Expenses$112,721
Net Income$646,036
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$764,388
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$994,688$1,592,068▲ $597,380
Savings and Temporary Cash Investments$501,210$547,878▲ $46,668
Cash and Non-Interest-Bearing Accounts$33,728$17,174▼ $16,554
Inventories for Sale or Use$4,073$4,073→ $0
Total Assets$1,537,695$2,165,189▲ $627,494
Other Assets Total$3,996$3,996→ $0
Liabilities
Unsecured Notes Loans Payable$20,187$0▼ $20,187
Accounts Payable and Accrued Expenses$2,260$3,905▲ $1,645
Total Liabilities$22,447$3,905▼ $18,542
Net Assets / Fund Balance
Unrestricted Net Assets$1,022,050$1,746,197▲ $724,147
Permanently Rstr Net Assets$319,135$319,327▲ $192
Temporarily Rstr Net Assets$174,063$95,760▼ $78,303
Total Net Assets Fund Balance$1,515,248$2,161,284▲ $646,036
Total Liabilities and Net Assets / Fund Balance$1,537,695$2,165,189▲ $627,494

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,540,652-$1,540,652
Buildings$48,948$742,053$791,001
Equipment$2,468$151,664$154,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$319,135-▲ $3,327$2,686$319,327
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bobby BurrusPresident
DavidVice-President
Donna StriblingDirector
Dr Mark ReynoldsDirector
Dr Marvin SharpDirector
Dr Peggy HardcastleDirector
Helen WillinghamDirector
Horace Joe TaborDirector
Jan WorrallDirector
Janice LowryDirector
Jeff BeardenDirector
Joe RodgersDirector
John Hardin IIIDirector
John WrightDirector
Joline WhartonDirector
Lou ByrdDirector
Lynn FribergDirector
Meredith FergusonDirector
Pat MoreDirector
Robert LightfootDirector
Staley HeatlyDirector
Teresa WhiteheadDirector
Patsy SharpSecretary
Scott MeyersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$741,261
Program Service Revenue
$5,935
Investment Income
$3,411
Other Revenue
$8,150
All Other Contributions
$698,447
Change in Net Assets
$646,036
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,399
Salaries, Compensation, and Employee Benefits$35,322
Total Fundraising Expense$16,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,164$8,082$8,081$32,327
Occupancy$17,932$5,977-$23,909
Fees for Services Other$10,300--$10,300
Advertising$7,991--$7,991
All Other Expenses$2,669$2,284-$4,953
Office Expenses$1,022$1,022$1,022$3,066
Payroll Taxes$1,497$749$749$2,995
Other Expenses$2,179$570$6,640$2,749
Depreciation Depletion$2,178--$2,178
Travel$1,728--$1,728
Fees for Services Accounting-$1,500-$1,500
Total Functional Expenses$70,295$25,934$16,492$112,721
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,186
Fundraising Direct Expenses$2,976
Professional Fundraising Fees$0
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
2016-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Meyers
Formed
1964
Legal Domicile
TX
Voting Board Members
24
Independent Board Members
24
Employees
5
Volunteers
0

Preparer

Firm
Moore Truelove Pharis Meyers Marsh PLLC
Address
PO Box 1331, Vernon, TX 76385-1331
Preparer
Scott Meyers
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/PersonNm0Bobby Burrus
IRS990/Form990PartVIISectionAGrp/PersonNm1David
IRS990/Form990PartVIISectionAGrp/PersonNm2Patsy Sharp
IRS990/Form990PartVIISectionAGrp/PersonNm3Scott Meyers
IRS990/Form990PartVIISectionAGrp/PersonNm4Staley Heatly
IRS990/Form990PartVIISectionAGrp/PersonNm5Dr Mark Reynolds
IRS990/Form990PartVIISectionAGrp/PersonNm6Jeff Bearden
IRS990/Form990PartVIISectionAGrp/PersonNm7Lou Byrd
IRS990/Form990PartVIISectionAGrp/PersonNm8Lynn Friberg
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Peggy Hardcastle
IRS990/Form990PartVIISectionAGrp/PersonNm10John Hardin III
IRS990/Form990PartVIISectionAGrp/PersonNm11Robert Lightfoot
IRS990/Form990PartVIISectionAGrp/PersonNm12Janice Lowry
IRS990/Form990PartVIISectionAGrp/PersonNm13Pat More
IRS990/Form990PartVIISectionAGrp/PersonNm14Joe Rodgers
IRS990/Form990PartVIISectionAGrp/PersonNm15Dr Marvin Sharp
IRS990/Form990PartVIISectionAGrp/PersonNm16Donna Stribling
IRS990/Form990PartVIISectionAGrp/PersonNm17Horace Joe Tabor
IRS990/Form990PartVIISectionAGrp/PersonNm18Joline Wharton
IRS990/Form990PartVIISectionAGrp/PersonNm19Teresa Whitehead
IRS990/Form990PartVIISectionAGrp/PersonNm20Helen Willingham
IRS990/Form990PartVIISectionAGrp/PersonNm21John Wright
IRS990/Form990PartVIISectionAGrp/PersonNm22Meredith Ferguson
IRS990/Form990PartVIISectionAGrp/PersonNm23Jan Worrall
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-President
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
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IRS990/FormationYr01964
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt041549
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0764388
IRS990/GrossSalesOfInventoryAmt05366
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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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
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt03066
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03996
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Historic & Artistic Fun
IRS990/OtherExpensesGrp/Desc1Exhibit Publication - C
IRS990/OtherExpensesGrp/Desc2Audit Fee
IRS990/OtherExpensesGrp/Desc3Supplies
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IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/PYRevenuesLessExpensesAmt010127
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0501210
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0547878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0741005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0212808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt099377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt062514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01204374
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03640
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019890
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt037860
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0171893
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83150
IRS990ScheduleA/PublicSupportPY170Pct00.78530
IRS990ScheduleA/PublicSupportTotal170Amt01078823
IRS990ScheduleA/SubstantialContributorsTotAmt0125551
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0212808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt099377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt062514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt088670
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01204374
IRS990ScheduleA/TotalSupportAmt01297444
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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