Powers Museum INC FY2021 filing

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

50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2022
latest Form 990
IRS e-file · Filing history
Is it financially stable?
0 of 2
years in the black
Pt I · Ln 19 · 2 filings
How much reaches the programs?
50%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
2 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$796
liabilities
Pt X · Ln 26
Who oversees it?
6
independent of 6 voting board members
Pt VI · Ln 1a–1b
Revenue
$11K
Spent
$27K
To programs
50%
Net assets
$508K
By yearFY2021–FY2022
Revenue
$11K
FY2021
Revenue by fiscal year
FY2021$11K
FY2022$39K
Expenses
$27K
FY2021
Expenses by fiscal year
FY2021$27K
FY2022$69K
Net assets
$508K
FY2021
Net assets by fiscal year
FY2021$508K
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2022 — 5 yrs
Legal name (IRS)Hdr · item CPowers Museum INC
EINHdr · item D47-2904840
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CCarthage, MO
NTEE classificationIRS BMFNonprofit

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%$13K
Management & general50%$13K
Total functional expensesLn 25$27K

Financial health

Is it on solid ground?

Surplus margin
-147%
revenue over expenses, this year
Program spending
50%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$509K
FY2021
Total assets by fiscal year
FY2021$509K
FY2022$0
Total liabilities
$796
FY2021
Total liabilities by fiscal year
FY2021$796
FY2022$0
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$509K
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$509K
Total liabilitiesLn 26$796
Total net assetsLn 32$508K
Months of cash on handcomputed1.7

Statement of Revenue

Part VIII
Contributions & grants$7K · 64%
Investment income$4K · 36%
Contributions & grants64%$7K
Investment income36%$4K
Total revenueLn 12$11K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $29K · Operating expenses/yr $27K
13.3 months
Where the money goes
Program services
Program services $13K · Total expenses $27K
50%
Management & General
Management & general $13K · Total expenses $27K
50%
Fundraising
Fundraising $0 · Total expenses $27K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $7K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $11K
64%
Government reliance
Government grants $0 · Total revenue $11K
0%
Earned-income share
Program service revenue $0 · Total revenue $11K
0%
Investment reliance
Investment income $4K · Total revenue $11K
+36%
Program self-sufficiency
Program service revenue $0 · Total expenses $27K
0%
Growth & trend
Revenue growth (YoY)
This year $11K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $508K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11K · Expenses $27K
-147%
Liabilities-to-Assets
Total liabilities — · Total assets $509K
—
Net-asset ratio
Net assets $508K · Total assets $509K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $26K · Total assets (Pt X, ln 16) $509K
5%
People & payroll
Highest Reported Total Compensation
Individual Kavan Stull · Reported title President · Highest reported compensation $0 · Total expenses $27K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $27K
—
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%——
Investment management fee ratio 0.04%——
Legal fee ratio 0.7%——

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 · most recent filed roster (FY2020); the FY2021 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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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • 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 and shares the history of Carthage, its people, and the Powers family.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $13K of program spending, described in the organization's own filed words · FY2020.
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.

$13Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest $39K$69K+261% 990 PDF
FY2021 Viewing $11K$27K 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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