Floyd County Historical Museum FY2023 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.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
146 mo
of spending, in cash
Looks good: 146.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$456
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 15 voting members
Concern: none of 15 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61K
+29% vs prior year
Spent
$63K
To programs
100%
Net assets
$916K
By yearFY2020–FY2025
Revenue
$61K
FY2023▲ +29%
Revenue by fiscal year
FY2020$39K
FY2021$81K
FY2022$47K
FY2023$61K
FY2024$54K
FY2025$107K
Expenses
$63K
FY2023▼ -16%
Expenses by fiscal year
FY2020$44K
FY2021$60K
FY2022$75K
FY2023$63K
FY2024$73K
FY2025$58K
Net assets
$916K
FY2023▲ +7%
Net assets by fiscal year
FY2020$886K
FY2021$994K
FY2022$854K
FY2023$916K
FY2024$945K
FY2025$1.0M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

100 cents of each dollar spent went to programs.

Program services 100% · $63K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

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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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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3 program services account for $63K of program spending, described in the organization's own filed words · FY2023.
01

Promote better understanding of our local history

$63Kprogram 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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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$61K
Ln 12
Fees for servicesLn 2g$41K
Investment incomeLn 3$17K
Gifts and grantsLn 1h$3K
Money outPt IX
$63K
Ln 25
Programscol B$63K
Owns and owesPt X
$916K
net assets · Ln 32
Cash and savingsLn 1–2$769K
Total assetsLn 16$917K
LiabilitiesLn 26$456
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$41K
Investment incomeLn 3$17K
Other incomeLn 4–11$105
Gains on assetsLn 7$3K
Total revenueLn 12$61K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$751K
Cash and savings togetherLn 1–2$769K
Land, buildings, equipmentLn 10c$137K
Other assetsLn 15$1K
Total assetsLn 16$917K
LiabilitiesLn 26$456
Net assetsLn 32$916K
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 FY23End FY23
Cash and savingsLn 1–2$714K$769K
Land, buildings, equipmentLn 10c$132K$137K
Total assetsLn 16$856K$917K
LiabilitiesLn 26$2K$456
Net assetsLn 32$854K$916K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$13K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$85$85
Office expensesLn 13$749$749
OccupancyLn 16$17K$17K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$390$390
Total functional expensesLn 25$63K$63K$0$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 Viewing $61K$63K−$2K$916K 990 PDF
FY2022 $47K$75K−$28K$854K 990 PDF
FY2021 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $60,816 across 7 lines filed
Lines not itemized here account for $19,993 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,835
VIII-1h Total contributions, gifts and grants$2,835
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,021$21,021
VIII-3 Investment incomeExcluded from tax $14,101$14,101
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,761$2,761
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $105$105
VIII-12 Total revenueRelated to mission $43,880 · Unrelated business $0 · Excluded from tax $14,101$60,816
Part IX · Statement of functional expenses $63,029 across 11 lines filed
IX-7 Other salaries and wagesPrograms $13,182$13,182
IX-10 Payroll taxesPrograms $1,009$1,009
IX-11c Accounting feesPrograms $5,223$5,223
IX-11f Investment management feesPrograms $2,220$2,220
IX-12 Advertising and promotionPrograms $85$85
IX-13 Office expensesPrograms $749$749
IX-16 OccupancyPrograms $16,937$16,937
IX-22 Depreciation, depletion and amortizationPrograms $4,882$4,882
IX-23 InsurancePrograms $9,135$9,135
IX-24 Other expenses (24a–d)Programs $9,217$9,217
IX-24e All other expensesPrograms $390$390
IX-25 Total functional expensesPrograms $63,029 · Management $0 · Fundraising $0$63,029
Part X · Balance sheet $916,564 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $23,229$17,907
X-2 Savings and temporary cash investmentsStart of year $690,619$750,978
X-8 Inventories for sale or useStart of year $9,230$9,230
X-10c Land, buildings and equipment, netStart of year $131,531$137,449
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $855,609$916,564
X-25 Other liabilitiesStart of year $1,505$456
X-26 Total liabilitiesStart of year $1,505$456
X-27 Net assets without donor restrictionsStart of year $854,104$916,108
X-32 Total net assets or fund balancesStart of year $854,104$916,108
X-33 Total liabilities and net assetsStart of year $855,609$916,564
Part XI · Reconciliation of net assets $916,108 net assets at year end
XI-1 Total revenue$60,816
XI-2 Total expenses$63,029
XI-3 Revenue less expenses−$2,213
XI-4 Net assets at start of year$854,104
XI-5 Net unrealized gains (losses) on investments$64,218
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$916,108

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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