Civic Intelligence

Red River Valley Museum

990 • Fiscal year 2020 • EIN 75-6043089

Jan 01, 2020 to Dec 31, 2020 • Filed on May 24, 2021

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

87th percentile

41%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

45th percentile

3.8%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-51%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,821,225

Up $104,532 (+3.8%) from 2019

Net Assets

Up

$2,819,553

Up $104,542 (+3.9%) from 2019

Liabilities

Down

$1,672

Down $10 (-0.6%) from 2019

Revenue

Down

$252,787

Down $259,779 (-51%) from 2019

Expenses

Up

$148,245

Up $17,825 (+14%) from 2019

Net Income

Down

$104,542

Down $277,604 (-73%) from 2019

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

2020

Assets$2,821,225
Liabilities$1,672
Net Assets$2,819,553

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

2020

Revenue$252,787
Expenses$148,245
Net Income$104,542
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 24, 2021
Return Version
2020v4.1
Gross Receipts
$339,236
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$1,499,476$2,230,149▲ $730,673
Investments in Publicly Traded Securities$372,105$387,500▲ $15,395
Savings and Temporary Cash Investments$818,326$180,238▼ $638,088
Cash and Non-Interest-Bearing Accounts$19,790$16,342▼ $3,448
Inventories for Sale or Use$3,000$3,000→ $0
Total Assets$2,716,693$2,821,225▲ $104,532
Other Assets Total$3,996$3,996→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,682$1,672▼ $10
Total Liabilities$1,682$1,672▼ $10
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,532,770$2,333,920▲ $801,150
Net Assets With Donor Restrictions$1,182,241$485,633▼ $696,608
Total Net Assets Fund Balance$2,715,011$2,819,553▲ $104,542
Total Liabilities and Net Assets / Fund Balance$2,716,693$2,821,225▲ $104,532

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,568,226$125$1,568,351
Buildings$578,500$880,194$1,458,694
Equipment$83,423$172,149$255,572

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$372,105---$372,105
2019$363,573-▲ $13,154-$372,105
2018$353,195-▲ $17,849-$363,573
2017$320,556-▲ $37,510$2,748$353,195
2016$319,327-▲ $4,746$3,157$320,556
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$214,154
Program Service Revenue
$5,735
Investment Income
$24,962
Other Revenue
$7,936
All Other Contributions
$174,154
Change in Net Assets
$104,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,541
Salaries, Compensation, and Employee Benefits$40,704
Total Fundraising Expense$15,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$39,072--$39,072
Other Salaries and Wages$18,903$9,451$9,451$37,805
Occupancy$19,453$9,726-$29,179
Advertising$11,840--$11,840
Office Expenses$1,181$1,180$1,180$3,541
Other Expenses$1,600$1,600$3,450$3,200
Payroll Taxes$1,449$725$725$2,899
All Other Expenses$1,395$710$61$2,166
Fees for Services Accounting-$1,505-$1,505
Information Technology$359$358$358$1,075
Total Functional Expenses$104,315$28,705$15,225$148,245
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 35% controlled entity
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
2021-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Meyers
Formed
1964
Legal Domicile
TX
Voting Board Members
27
Independent Board Members
27
Employees
3
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/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past President
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/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
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IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt05655
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GovernmentGrantsAmt040000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt090118
IRS990/GrossReceiptsAmt0339236
IRS990/GrossSalesOfInventoryAmt02297
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt027
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0358
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0358
IRS990/InformationTechnologyGrp/ProgramServicesAmt0359
IRS990/InformationTechnologyGrp/TotalAmt01075
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03000
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03000
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt019307
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019307
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0372105
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0387500
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt02230149
IRS990/LandBldgEquipCostOrOtherBssAmt03282617
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt084463
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
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IRS990/NetAssetsOrFundBalancesEOYAmt02819553
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05655
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05655
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0311
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0311
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02333920
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt09726
IRS990/OccupancyGrp/ProgramServicesAmt019453
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IRS990/OfficeExpensesGrp/FundraisingAmt01180
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01180
IRS990/OfficeExpensesGrp/ProgramServicesAmt01181
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt03996
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Audit Fee
IRS990/OtherExpensesGrp/Desc1Historic & Artistic Fun
IRS990/OtherExpensesGrp/Desc2Endowment Fees
IRS990/OtherExpensesGrp/Desc3Telephone
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03450
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11600
IRS990/OtherExpensesGrp/ProgramServicesAmt04937
IRS990/OtherExpensesGrp/ProgramServicesAmt14126
IRS990/OtherExpensesGrp/ProgramServicesAmt21600
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IRS990/OtherExpensesGrp/TotalAmt14937
IRS990/OtherExpensesGrp/TotalAmt24126
IRS990/OtherExpensesGrp/TotalAmt33200
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IRS990/OtherRevenueMiscGrp/Desc0PPP Loan Forgiveness
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07461
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09451
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt018903
IRS990/OtherSalariesAndWagesGrp/TotalAmt037805
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0725
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0725
IRS990/PayrollTaxesGrp/ProgramServicesAmt01449
IRS990/PayrollTaxesGrp/TotalAmt02899
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Scott Meyers
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0Historic & Artistic Fu
IRS990/ProgramServiceRevenueGrp/Desc1Museum Admissions
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11330
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt020453
IRS990/PYOtherExpensesAmt091865
IRS990/PYOtherRevenueAmt033271
IRS990/PYProgramServiceRevenueAmt07688
IRS990/PYRevenuesLessExpensesAmt0382146
IRS990/PYSalariesCompEmpBnftPaidAmt038555
IRS990/PYTotalExpensesAmt0130420
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0512566
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0104542
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00

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