Civic Intelligence

Red River Valley Museum

990 • Fiscal year 2023 • EIN 75-6043089

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 29, 2024

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

20th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

48th percentile

3.6%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

30%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,003,619

Up $105,702 (+3.6%) from 2022

Net Assets

Up

$3,001,160

Up $105,215 (+3.6%) from 2022

Liabilities

Up

$2,459

Up $487 (+25%) from 2022

Revenue

Up

$289,233

Up $66,714 (+30%) from 2022

Expenses

Down

$184,020

Down $10,232 (-5.3%) from 2022

Net Income

Up

$105,213

Up $76,946 (+272%) from 2022

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

2023

Assets$3,003,619
Liabilities$2,459
Net Assets$3,001,160

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

2023

Revenue$289,233
Expenses$184,020
Net Income$105,213
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 29, 2024
Return Version
2023v5.1
Gross Receipts
$310,374
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$2,284,278$2,244,803▼ $39,475
Investments in Publicly Traded Securities$433,511$437,986▲ $4,475
Savings and Temporary Cash Investments$139,762$275,554▲ $135,792
Cash and Non-Interest-Bearing Accounts$33,370$38,280▲ $4,910
Inventories for Sale or Use$3,000$3,000→ $0
Total Assets$2,897,917$3,003,619▲ $105,702
Other Assets Total$3,996$3,996→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,972$2,459▲ $487
Total Liabilities$1,972$2,459▲ $487
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,358,605$2,301,243▼ $57,362
Net Assets With Donor Restrictions$537,340$699,917▲ $162,577
Total Net Assets Fund Balance$2,895,945$3,001,160▲ $105,215
Total Liabilities and Net Assets / Fund Balance$2,897,917$3,003,619▲ $105,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,357,007$986,004$2,343,011
Other Land Buildings$798,606-$798,606
Equipment$89,190$239,240$328,430

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$433,511-▲ $9,401-$437,986
2022$411,395-▲ $33,247-$433,511
2021$387,500-▲ $33,172-$411,395
2020$372,105-▲ $19,521-$387,500
2019$363,573-▲ $13,154-$372,105
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$237,462
Program Service Revenue
$35,398
Investment Income
$16,719
Other Revenue
$-346
All Other Contributions
$187,462
Change in Net Assets
$105,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,334
Salaries, Compensation, and Employee Benefits$53,686
Total Fundraising Expense$20,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$54,647--$54,647
Comp Disqual Persons$24,917$12,458$12,458$49,833
Occupancy$17,910$8,955-$26,865
Advertising$7,931--$7,931
Office Expenses$1,935$1,934$1,934$5,803
Payroll Taxes$1,927$963$963$3,853
Information Technology$1,248$1,248$1,248$3,744
All Other Expenses$2,193$450-$2,643
Other Expenses$2,157$3,700$3,700$2,157
Fees for Services Accounting-$1,781-$1,781
Total Functional Expenses$132,228$31,489$20,303$184,020
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
2024-10-29
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
2
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/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
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/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt01040
IRS990/GainOrLossGrp/SecuritiesAmt0-4605
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GovernmentGrantsAmt050000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01040
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt013078
IRS990/GrossReceiptsAmt0310374
IRS990/GrossSalesOfInventoryAmt02719
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt027
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01248
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01248
IRS990/InformationTechnologyGrp/ProgramServicesAmt01248
IRS990/InformationTechnologyGrp/TotalAmt03744
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03000
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03000
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt020284
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020284
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0433511
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0437986
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01225244
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02284278
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02244803
IRS990/LandBldgEquipCostOrOtherBssAmt03470047
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt017683
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/NetAssetsOrFundBalancesBOYAmt02895945
IRS990/NetAssetsOrFundBalancesEOYAmt03001160
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-3565
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3565
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-739
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-739
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02358605
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02301243
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08955
IRS990/OccupancyGrp/ProgramServicesAmt017910
IRS990/OccupancyGrp/TotalAmt026865
IRS990/OfficeExpensesGrp/FundraisingAmt01934
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01934
IRS990/OfficeExpensesGrp/ProgramServicesAmt01935
IRS990/OfficeExpensesGrp/TotalAmt05803
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03996
IRS990/OtherAssetsTotalGrp/EOYAmt03996
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Historic & Artistic Fun
IRS990/OtherExpensesGrp/Desc1Audit Fee
IRS990/OtherExpensesGrp/Desc2Endowment Fees
IRS990/OtherExpensesGrp/Desc3Reception/ Exhibit Expe
IRS990/OtherExpensesGrp/FundraisingAmt03700
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03700
IRS990/OtherExpensesGrp/ProgramServicesAmt012176
IRS990/OtherExpensesGrp/ProgramServicesAmt15187
IRS990/OtherExpensesGrp/ProgramServicesAmt22157
IRS990/OtherExpensesGrp/TotalAmt012176
IRS990/OtherExpensesGrp/TotalAmt17400
IRS990/OtherExpensesGrp/TotalAmt25187
IRS990/OtherExpensesGrp/TotalAmt32157
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0963
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0963
IRS990/PayrollTaxesGrp/ProgramServicesAmt01927
IRS990/PayrollTaxesGrp/TotalAmt03853
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Scott Meyers
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/Desc0Historic & Artistic Fu
IRS990/ProgramServiceRevenueGrp/Desc1Museum Admissions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027543
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027543
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17855
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0169304
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035567
IRS990/PYOtherExpensesAmt0147520
IRS990/PYOtherRevenueAmt0-301
IRS990/PYProgramServiceRevenueAmt017949
IRS990/PYRevenuesLessExpensesAmt028267
IRS990/PYSalariesCompEmpBnftPaidAmt046732
IRS990/PYTotalExpensesAmt0194252
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0222519
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0105213
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt051771
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt0393
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0393
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0139762
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0275554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0237462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0169304
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0160246
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0214154
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0449293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01230459
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020677

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