Floyd County Historical Museum FY2022 filing

Tax-deductible

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

To preserve the history of the region

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
2 of 6
years in the black
Pt I · Ln 19 · 6 filings
How much reaches the programs?
50%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
114 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$2K
liabilities
Pt X · Ln 26
Who oversees it?
0
independent of 15 voting board members
Pt VI · Ln 1a–1b
Revenue
$47K
-42% vs prior year
Spent
$75K
To programs
50%
Net assets
$854K
By yearFY2020–FY2025
Revenue
$47K
FY2022▼ -42%
Revenue by fiscal year
FY2020$39K
FY2021$81K
FY2022$47K
FY2023$61K
FY2024$54K
FY2025$107K
Expenses
$75K
FY2022▲ +25%
Expenses by fiscal year
FY2020$44K
FY2021$60K
FY2022$75K
FY2023$63K
FY2024$73K
FY2025$58K
Net assets
$854K
FY2022▼ -14%
Net assets by fiscal year
FY2020$886K
FY2021$994K
FY2022$854K
FY2023$916K
FY2024$945K
FY2025$1.0M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CFloyd County Historical Museum
EINHdr · item D23-7167313
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1972
Year of formationHdr · item L1971
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFloydada, TX
NTEE classificationIRS BMFArts & Culture (A540)
WebsiteHdr · item Jwww.floydcountymuseum.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.50
Program services50%$37K
Management & general50%$38K
Total functional expensesLn 25$75K

Financial health

Is it on solid ground?

Program efficiency
50%
of spending reaches programs
Operating runway
114.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-59%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$856K
FY2022▼ -14%
Total assets by fiscal year
FY2020$887K
FY2021$995K
FY2022$856K
FY2023$917K
FY2024$945K
FY2025$1.0M
Total liabilities
$2K
FY2022▲ +55%
Total liabilities by fiscal year
FY2020$969
FY2021$969
FY2022$2K
FY2023$456
FY2024$597
FY2025$530
Revenue less expensesPt I · Ln 19−$28K
Total assetsPt X · Ln 16$856K
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$714K
Total assetsLn 16$856K
Total liabilitiesLn 26$2K
Total net assetsLn 32$854K
Months of cash on handcomputed114.1

Statement of Revenue

Part VIII
Investment income$38K · 80%
Program service revenue$6K · 12%
Contributions & grants$3K · 6%
Other revenue$772 · 2%
Investment income80%$38K
Program service revenue12%$6K
Contributions & grants6%$3K
Other revenue2%$772
Total revenueLn 12$47K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $714K · Operating expenses/yr $75K
114.1 months
Where the money goes
Program services
Program services $37K · Total expenses $75K
50%
Management & General
Management & general $38K · Total expenses $75K
50%
Fundraising
Fundraising $0 · Total expenses $75K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $17K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $47K
6%
Government reliance
Government grants — · Total revenue $47K
—
Earned-income share
Program service revenue $6K · Total revenue $47K
12%
Investment reliance
Investment income $38K · Total revenue $47K
+80%
Program self-sufficiency
Program service revenue $6K · Total expenses $75K
8%
Growth & trend
Revenue growth (YoY)
This year $47K · Prior year $81K
-42%
Net-asset trend (YoY)
End of year $854K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $47K · Expenses $75K
-59%
Liabilities-to-Assets
Total liabilities — · Total assets $856K
—
Net-asset ratio
Net assets $854K · Total assets $856K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $856K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Snow Payne · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $75K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $38K · Total expenses $75K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 50%——
Overhead ratio 50%——
Fundraising cost ratio 0%——
Revenue growth -42%——
Investment management fee ratio 0.3%——
Accounting fee ratio 8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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

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Governance & Policies

Part VI
  • 15Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Preserves the region's history through collections and education.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2022.
01

Promote better understanding of our local history

Pt IX · col B
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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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $107K$58K+99% 990 PDF
FY2024 $54K$73K-11% 990 PDF
FY2023 $61K$63K+29% 990 PDF
FY2022 Viewing $47K$75K-42% 990 PDF
FY2021 $81K$60K+106% 990 PDF
FY2020 $39K$44K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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