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Floyd County Historical Museum FY2021 filing

Tax-deductible

Floydada, TX501(c)(3)Since 1971Arts & CultureEIN 23-7167313

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To preserve the history of the region

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $3K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
173 mo
of spending, in cash
Looks good: 173.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$969
0.10% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81K
+106% vs prior year
Spent
$60K
To programs
67%
Net assets
$994K
By yearFY2020–FY2025
Revenue
$81K
FY2021▲ +106%
Revenue by fiscal year
FY2020$39K
FY2021$81K
FY2022$47K
FY2023$61K
FY2024$54K
FY2025$107K
Expenses
$60K
FY2021▲ +36%
Expenses by fiscal year
FY2020$44K
FY2021$60K
FY2022$75K
FY2023$63K
FY2024$73K
FY2025$58K
Net assets
$994K
FY2021▲ +12%
Net assets by fiscal year
FY2020$886K
FY2021$994K
FY2022$854K
FY2023$916K
FY2024$945K
FY2025$1.0M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $40K Management & general 33% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Snow Payne
President
$0Pt VII · Sec A
Jimmy Don Whitley
Vice Preside
$0Pt VII · Sec A
Renee Scott
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Hulon Carthel
Building & G
$0Pt VII · Sec A
Frank Potts
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Irma Garcia
Director
$0Pt VII · Sec A
See Floyd County Historical Museum executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves the region's history through collections and education.

Provided by the organization

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1 program · in their own filed words · FY2021
01

To promote appreciation and better understanding of our local history, art and natural and social sciences.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$81K
Ln 12
Investment incomeLn 3$46K
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$7K
Money outPt IX
$60K
Ln 25
Programscol B$40K
Managementcol C$20K
Owns and owesPt X
$994K
net assets · Ln 32
Cash and savingsLn 1–2$864K
Total assetsLn 16$995K
LiabilitiesLn 26$969
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$7K
Investment incomeLn 3$46K
Other incomeLn 4–11$98
Gains on assetsLn 7$34K
Total revenueLn 12$81K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$847K
Cash and savings togetherLn 1–2$864K
Land, buildings, equipmentLn 10c$130K
Other assetsLn 15$1K
Total assetsLn 16$995K
LiabilitiesLn 26$969
Net assetsLn 32$994K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$764K$864K
Land, buildings, equipmentLn 10c$122K$130K
Total assetsLn 16$887K$995K
LiabilitiesLn 26$969$969
Net assetsLn 32$886K$994K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$11K$11K
Payroll taxesLn 10$840$840
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$270$270
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$4K$4K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$2K$2K$44
Total functional expensesLn 25$60K$40K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $107K$58K$50K$1.0M 990 PDF
FY2024 $54K$73K−$19K$945K 990 PDF
FY2023 $61K$63K−$2K$916K 990 PDF
FY2022 $47K$75K−$28K$854K 990 PDF
FY2021 Viewing $81K$60K$21K$994K 990 PDF
FY2020 $39K$44K−$5K$886K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (5 parts)
Part I · Summary $81,143 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,327$28,944
I-9 Program service revenuePrior year $4,838$6,514
I-10 Investment incomePrior year $15,982$45,587
I-11 Other revenuePrior year $230$98
I-12 Total revenuePrior year $39,377$81,143
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,822$11,822
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,215$48,082
I-18 Total expensesPrior year $44,037$59,904
I-19 Revenue less expensesPrior year −$4,660$21,239
Part VIII · Statement of revenue $81,143 across 7 lines filed
Lines not itemized here account for $98 of total revenue; see the IRS return.
VIII-1b Membership dues$3,950
VIII-1f All other contributions, gifts and grants$24,994
VIII-1h Total contributions, gifts and grants$28,944
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,514$6,514
VIII-3 Investment incomeExcluded from tax $11,385$11,385
VIII-7 Net gain or loss on sales of assetsRelated to mission $34,202$34,202
VIII-12 Total revenueRelated to mission $40,716 · Excluded from tax $11,483$81,143
Part IX · Statement of functional expenses $59,904 across 9 lines filed
IX-7 Other salaries and wagesManagement $10,982$10,982
IX-10 Payroll taxesManagement $840$840
IX-11c Accounting feesManagement $5,550$5,550
IX-11f Investment management feesManagement $2,380$2,380
IX-12 Advertising and promotionPrograms $270$270
IX-16 OccupancyPrograms $14,262$14,262
IX-22 Depreciation, depletion and amortizationPrograms $4,374$4,374
IX-24 Other expenses (24a–d)Programs $19,138$19,138
IX-24e All other expensesPrograms $2,064 · Management $44$2,108
IX-25 Total functional expensesPrograms $40,108 · Management $19,796 · Fundraising $0$59,904
Part X · Balance sheet $994,798 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $18,667$16,629
X-2 Savings and temporary cash investmentsStart of year $745,622$847,431
X-10c Land, buildings and equipment, netStart of year $122,124$129,738
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $887,413$994,798
X-25 Other liabilitiesStart of year $969$969
X-26 Total liabilitiesStart of year $969$969
X-27 Net assets without donor restrictionsStart of year $886,444$993,829
X-32 Total net assets or fund balancesStart of year $886,444$993,829
X-33 Total liabilities and net assetsStart of year $887,413$994,798
Part XI · Reconciliation of net assets $993,829 net assets at year end
XI-1 Total revenue$81,143
XI-2 Total expenses$59,904
XI-3 Revenue less expenses$21,239
XI-4 Net assets at start of year$886,444
XI-9 Other changes in net assets$86,146
XI-10 Net assets at end of year$993,829

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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