Floyd County Historical Museum EIN 23-7167313

Floyd County Historical Museum

EIN  23-7167313 Public charity (501(c)(3)) Floydada, TX Founded 1971
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Preserves the region's history through collections and education.
Leadership
Jimmy Don Whitley · President
Money in and out
$107K revenue, $58K expenses
Bottom line
100% program efficiency

Preserves the region's history through collections and education. For fiscal year 2025 it reported $107K in revenue, $58K in expenses, and $1.0M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$107K
Pt VIII · Ln 12
Total expenses
$58K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
183.5mo
months of highly liquid reserves at operating expense rate▲ +39% vs prior filing year
Surplus margin
+46%
revenue over expenses, this year▲ +231% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$107K
FY2025▲ +99%
Expenses
$58K
FY2025▼ -21%
Total assets
$1.0M
FY2025▲ +8%
Total liabilities
$530
FY2025▼ -11%
Total revenue
$107K
Pt VIII · Ln 12
Total expenses
$58K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $58K of program spending, described in the organization's own filed words · FY2025.
01

Promote better understanding of our local history

$58Kprogram expense
02

Promote geneology resources to the community

Pt IX · col B
03

Promote local art connected to our history

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFloyd County Historical Museum
EINHdr · item D23-7167313
Principal addressHdr · item CFloydada, TX
WebsiteHdr · item Jwww.floydcountymuseum.com
Year of formationHdr · item L1971
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A540)
Ruling yearIRS BMFFeb 1972

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Buildings & Grounds
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Floyd County Historical Museum executive salaries →

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Statement of Revenue

Part VIII
Investment income$73K · 68%
Program service revenue$30K · 28%
Contributions & grants$3K · 2%
Other revenue$1K · 1%
Investment income68%$73K
Program service revenue28%$30K
Contributions & grants2%$3K
Other revenue1%$1K
Total revenueLn 12$107K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$58K
Total functional expensesLn 25$58K

Balance Sheet

Part X · end of year
CashLn 1$880K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$530
Total net assetsLn 32$1.0M
Months of cash on handcomputed183.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $880K · Operating expenses/yr $58K
183.5 months
Where the money goes
Program services
Program services $58K · Total expenses $58K
100%
Management & General
Management & general $0 · Total expenses $58K
0%
Fundraising
Fundraising $0 · Total expenses $58K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $107K
2%
Government reliance
Government grants — · Total revenue $107K
Earned-income share
Program service revenue $30K · Total revenue $107K
28%
Investment reliance
Investment income $73K · Total revenue $107K
+68%
Program self-sufficiency
Program service revenue $30K · Total expenses $58K
52%
Growth & trend
Revenue growth (YoY)
This year $107K · Prior year $54K
+99%
Revenue CAGR
FY2020 $39K · FY2025 $107K
+22%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $107K · Expenses $58K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jimmy Don Whitley · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $58K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $16K · Total expenses $58K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 99%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$107K revenue · viewing · ⤓ 990 PDF
FY2024$54K revenue · ⤓ 990 PDF
FY2023$61K revenue · ⤓ 990 PDF
FY2022$47K revenue · ⤓ 990 PDF
FY2021$81K revenue · ⤓ 990 PDF
FY2020$39K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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