Bosque Museum FY2023 filing

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EIN 23-7382016 Public charity (501(c)(3)) Clifton, TX NTEE A540
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$466K
FY2023▲ +71%
Expenses
$221K
FY2023▲ +24%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Preserves and protects Bosque County's historic and prehistoric resources for public education and enjoyment. For fiscal year 2023 it reported $466K in revenue, $221K in expenses, and $3.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Clifton, TX
Website
www.bosquemuseum.org
Filings
5 on file (2020–2023)
Revenue
$466KFY2023
Expenses
$221K
Net assets
$3.7M
People
14
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Size
$100K–1M
What they do
Preserves and protects Bosque County's historic and prehistoric resources for public education and enjoyment.
Leadership
Ed Reiser · President & Trustee
Money in and out
$466K revenue, $221K expenses
Bottom line
84% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

3 funders, incl. Greater Horizons

3 distinct foundation funder(s) on file, $26K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

84% to programs

84% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +71% vs prior year

Revenue band $100K–1M, +71% versus the prior filing year (up). See detail →

Where the money goes · FY2023
Total revenue
$466K
Pt VIII · Ln 12
Total expenses
$221K
Pt IX · Ln 25
Net assets
$3.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $245K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
84.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+53%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$3.7M
FY2023▲ +5%
Total liabilities
$12K
FY2023▼ -37%
Revenue less expensesPt I · Ln 19$245K
Total assetsPt X · Ln 16$3.7M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBosque Museum
EINHdr · item D23-7382016
Principal addressHdr · item CClifton, TX
WebsiteHdr · item Jwww.bosquemuseum.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A540)
Ruling yearIRS BMFSep 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
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
President & Trustee
$0Pt VII · Sec A
Vice-Pres & Trustee
$0Pt VII · Sec A
Secretary & Trustee
$0Pt VII · Sec A
Treasurer & Trustee
$0Pt VII · Sec A
Past President & Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bosque Museum executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $185K of program spending, described in the organization's own filed words · FY2023.
01

The museum maintains a collection of historical items from bosque county, texas. Special displays are provided annually. A permenant exhibit is presented, depicting a paleo-american shelter and burial area located in bosque county. Original art produced by a group of bosque county artists known as the bosque vii is also exhibited.

$185Kprogram expense

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Statement of Revenue

Part VIII
Investment income$258K · 55%
Contributions & grants$196K · 42%
Other revenue$9K · 2%
Program service revenue$3K · 1%
Investment income55%$258K
Contributions & grants42%$196K
Other revenue2%$9K
Program service revenue1%$3K
Total revenueLn 12$466K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$185K
Management & general16%$36K
Total functional expensesLn 25$221K

Balance Sheet

Part X · end of year
CashLn 1$180K
Total assetsLn 16$3.7M
Total liabilitiesLn 26$12K
Total net assetsLn 32$3.7M
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $221K
84.0 months
Where the money goes
Program services
Program services $185K · Total expenses $221K
84%
Management & General
Management & general $36K · Total expenses $221K
16%
Fundraising
Fundraising $0 · Total expenses $221K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $202K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $196K · Total revenue $466K
42%
Government reliance
Government grants — · Total revenue $466K
—
Earned-income share
Program service revenue $3K · Total revenue $466K
0.7%
Investment reliance
Investment income $258K · Total revenue $466K
+55%
Program self-sufficiency
Program service revenue $3K · Total expenses $221K
2%
Growth & trend
Revenue growth (YoY)
This year $466K · Prior year $273K
+71%
Net-asset trend (YoY)
End of year $3.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $466K · Expenses $221K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $3.7M
—
Net-asset ratio
Net assets $3.7M · Total assets $3.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.7M
37%
People & payroll
Highest Reported Total Compensation
Individual Ed Reiser · Reported title PRESIDENT & TRUSTEE · Highest reported compensation $0 · Total expenses $221K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $120K · Total expenses $221K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%——
Overhead ratio 16%——
Fundraising cost ratio 0%——
Revenue growth 71%——
Accounting fee ratio 2%——

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$26K
See all 3 funders →

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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
FY2024 (Latest)$353K revenue · ⤓ 990 PDF
FY2023$466K revenue · viewing · ⤓ 990 PDF
FY2022$273K revenue · ⤓ 990 PDF
FY2021$281K revenue · ⤓ 990 PDF
FY2020$512K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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