Powers Museum INC

Carthage, MOUnknown exempt organizationEIN 47-2904840

Encourage the people of Carthage, and the city's visitors, to develop a knowledge and appreciation of the contributions of the Powers family to Carthage as well as develop a knowledge and appreciation of the general history of Carthage and Jasper County

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $23K a year · 94% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$39K
+261% vs prior year
Spent
$69K
To programs
0%
Net assets
$0
By yearFY2021–FY2022
Revenue
$39K
FY2022▲ +261%
Revenue by fiscal year
FY2021$11K
FY2022$39K
Expenses
$69K
FY2022▲ +161%
Expenses by fiscal year
FY2021$27K
FY2022$69K
Net assets
$0
FY2022▼ -100%
Net assets by fiscal year
FY2021$508K
FY2022$0

From the FY2022 Form 990 (year ending January 2022) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $69K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Powers Museum INC 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 and shares the history of Carthage, its people, and the Powers family.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2021.
01

Encourage the people of Carthage, and the city's visitors, to develop a knowledge and appreciation of the contributions of the Powers family to Carthage as well as develop a knowledge and appreciation of the general history of Carthage and Jasper County Missouri.

Pt IX · col B

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$39K
Ln 12
Investment incomeLn 3$32K
Gifts and grantsLn 1h$7K
Other incomeLn 4–11$85
Money outPt IX
$69K
Ln 25
Managementcol C$69K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$32K
Other incomeLn 4–11$85
Gains on assetsLn 7$31K
Total revenueLn 12$39K
Assets in detailPt X, end of year
SavingsLn 2$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4K$0
Land, buildings, equipmentLn 10c$478K$0
Total assetsLn 16$509K$0
LiabilitiesLn 26$796$0
Net assetsLn 32$508K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$150$150
Investment management feesLn 11f$31$31
Office expensesLn 13$2K$2K
OccupancyLn 16$11K$11K
Other expenses (24a–d)Ln 24$56K$0$56K$0
Total functional expensesLn 25$69K$0$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $39K$69K−$31K$0 990 PDF
FY2021 $11K$27K−$16K$508K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $38,729 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$7,018
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$7,018
VIII-3 Investment incomeRelated to mission $274 · Unrelated business $0 · Excluded from tax $0$274
VIII-5 RoyaltiesRelated to mission $85 · Unrelated business $0 · Excluded from tax $0$85
VIII-7 Net gain or loss on sales of assetsRelated to mission $31,352 · Unrelated business $0 · Excluded from tax $0$31,352
VIII-12 Total revenueRelated to mission $31,711 · Unrelated business $0 · Excluded from tax $0$38,729
Part IX · Statement of functional expenses $69,237 across 5 lines filed
IX-11b Legal feesManagement $150$150
IX-11f Investment management feesManagement $31$31
IX-13 Office expensesManagement $2,218$2,218
IX-16 OccupancyManagement $10,747$10,747
IX-24 Other expenses (24a–d)Programs $0 · Management $56,091 · Fundraising $0$56,091
IX-25 Total functional expensesPrograms $0 · Management $69,237 · Fundraising $0$69,237
Part X · Balance sheet $0 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,690$0
X-9 Prepaid expenses and deferred chargesStart of year $1,500$0
X-10c Land, buildings and equipment, netStart of year $478,000$0
X-16 Total assetsStart of year $508,985$0
X-17 Accounts payable and accrued expensesStart of year $796$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $796$0
X-27 Net assets without donor restrictionsStart of year $508,189$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $508,189$0
X-33 Total liabilities and net assetsStart of year $508,985$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$38,729
XI-2 Total expenses$69,237
XI-3 Revenue less expenses−$30,508
XI-4 Net assets at start of year$508,189
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$477,681
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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