Civic Intelligence

Red River Valley Museum

990 • Fiscal year 2017 • EIN 75-6043089

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

54th percentile

4.4%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

56%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,309,955

Up $98,108 (+4.4%) from 2016

Net Assets

Up

$2,308,688

Up $100,815 (+4.6%) from 2016

Liabilities

Down

$1,267

Down $2,707 (-68%) from 2016

Revenue

Up

$246,638

Up $88,074 (+56%) from 2016

Expenses

Up

$145,823

Up $33,848 (+30%) from 2016

Net Income

Up

$100,815

Up $54,226 (+116%) from 2016

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

2017

Assets$2,309,955
Liabilities$1,267
Net Assets$2,308,688

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

2017

Revenue$246,638
Expenses$145,823
Net Income$100,815
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$329,116
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$1,590,204$1,553,250▼ $36,954
Savings and Temporary Cash Investments$584,952$368,681▼ $216,271
Investments in Publicly Traded Securities-$353,195-
Cash and Non-Interest-Bearing Accounts$28,623$26,853▼ $1,770
Inventories for Sale or Use$4,073$3,980▼ $93
Total Assets$2,211,848$2,309,955▲ $98,107
Other Assets Total$3,996$3,996→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,975$1,267▼ $2,708
Total Liabilities$3,975$1,267▼ $2,708
Net Assets / Fund Balance
Unrestricted Net Assets$1,755,203$1,602,575▼ $152,628
Permanently Rstr Net Assets$320,556$353,195▲ $32,639
Temporarily Rstr Net Assets$132,114$352,918▲ $220,804
Total Net Assets Fund Balance$2,207,873$2,308,688▲ $100,815
Total Liabilities and Net Assets / Fund Balance$2,211,848$2,309,955▲ $98,107

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$752,334$783,000$1,535,334
Other Land Buildings$798,606-$798,606
Equipment$2,310$151,822$154,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$320,556-▲ $39,378$3,547$354,264
2016$319,327-▲ $4,746$3,157$320,556
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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$189,355
Program Service Revenue
$10,658
Investment Income
$38,374
Other Revenue
$8,251
All Other Contributions
$149,613
Change in Net Assets
$100,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,580
Salaries, Compensation, and Employee Benefits$41,243
Total Fundraising Expense$16,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$39,241--$39,241
Other Salaries and Wages$19,069$9,534$9,534$38,137
Occupancy$17,681$5,890-$23,571
Advertising$14,279--$14,279
Office Expenses$1,167$1,167$1,167$3,501
All Other Expenses$2,401$1,088-$3,489
Payroll Taxes$1,552$777$777$3,106
Fees for Services Other$3,000--$3,000
Other Expenses$1,196$2,123$5,327$2,123
Fees for Services Accounting-$1,507-$1,507
Total Functional Expenses$99,586$29,432$16,805$145,823
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,439
Fundraising Direct Expenses$2,706
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 11B

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
2018-05-08
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
4
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/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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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
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt02706
IRS990/FundraisingGrossIncomeAmt07439
IRS990/GainOrLossGrp/SecuritiesAmt031321
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt039742
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0107239
IRS990/GrossReceiptsAmt0329116
IRS990/GrossSalesOfInventoryAmt04254
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InventoriesForSaleOrUseGrp/BOYAmt04073
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03980
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt07053
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07053
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0353195
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0934822
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01590204
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01553250
IRS990/LandBldgEquipCostOrOtherBssAmt02488072
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt075918
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/NetAssetsOrFundBalancesBOYAmt02207873
IRS990/NetAssetsOrFundBalancesEOYAmt02308688
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt031321
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031321
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04733
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04733
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0400
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0400
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05890
IRS990/OccupancyGrp/ProgramServicesAmt017681
IRS990/OccupancyGrp/TotalAmt023571
IRS990/OfficeExpensesGrp/FundraisingAmt01167
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01167
IRS990/OfficeExpensesGrp/ProgramServicesAmt01167
IRS990/OfficeExpensesGrp/TotalAmt03501
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03996
IRS990/OtherAssetsTotalGrp/EOYAmt03996
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Audit Fee
IRS990/OtherExpensesGrp/Desc1Historic & Artistic Fun
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Endowment Fees
IRS990/OtherExpensesGrp/FundraisingAmt05327
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11196
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22123
IRS990/OtherExpensesGrp/ProgramServicesAmt01196
IRS990/OtherExpensesGrp/TotalAmt06150
IRS990/OtherExpensesGrp/TotalAmt15327
IRS990/OtherExpensesGrp/TotalAmt22392
IRS990/OtherExpensesGrp/TotalAmt32123
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Payroll Taxes
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02954
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IRS990/OtherRevenueTotalAmt02954
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09534
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09534
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt019069
IRS990/OtherSalariesAndWagesGrp/TotalAmt038137
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0777
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0777
IRS990/PayrollTaxesGrp/ProgramServicesAmt01552
IRS990/PayrollTaxesGrp/TotalAmt03106
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0320556
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0353195
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Scott Meyers
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Museum Admissions
IRS990/ProgramServiceRevenueGrp/Desc1Historic & Artistic Fu
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14782
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0107423
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04746
IRS990/PYOtherExpensesAmt068510
IRS990/PYOtherRevenueAmt025661
IRS990/PYProgramServiceRevenueAmt020734
IRS990/PYRevenuesLessExpensesAmt046589
IRS990/PYSalariesCompEmpBnftPaidAmt043465
IRS990/PYTotalExpensesAmt0111975
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0158564
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0100815
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt052550
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt0164
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0164
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0584952
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0368681
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0189355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0107423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0741261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0212808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01350224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04714
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03640
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04320
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt024724
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt096910
IRS990ScheduleA/PublicOrganization170Ind0X

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