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Red River Valley Museum FY2020 filing

Tax-deductible

Vernon, TX501(c)(3)Since 1964Arts & Culture EIN 75-6043089Revenue $253K in FY2020

On file with the IRSrrvm.orgPo Box 2004, 76385-2004 · Vernon, TXTax-exempt since Sep 1965Publicly supported — 509(a)(2)

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Historic and Art Museum for the preservation and exhibition of artifacts that encompass and influence the education, history and lives of Vernon and Wilbarger County residents.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
6 of 6
filings with a surplus
Average surplus $115K a year · 37% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Plus $388K in investments, Pt X · Ln 11–13
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $158K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$253K
Spent
$148K
To programs
70%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$253K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$212K
FY2022$223K
FY2023$289K
FY2024$309K
FY2025$556K
Expenses
$148K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$148K
FY2021$164K
FY2022$194K
FY2023$184K
FY2024$191K
FY2025$273K
Net assets
$2.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.9M
FY2022$2.9M
FY2023$3.0M
FY2024$3.1M
FY2025$3.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Sep 1965.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $104K Management & general 19% · $29K Fundraising 10% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990.

Part VII, Section A · reportable compensation
Staley Heatly
President
$0Pt VII · Sec A
Patsy Sharp
Secretary
$0Pt VII · Sec A
Scott Meyers
Treasurer
$0Pt VII · Sec A
Doug Jefferies IV
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Bearden
Director
$0Pt VII · Sec A
Lou Byrd
Director
$0Pt VII · Sec A
Lynn Friberg
Director
$0Pt VII · Sec A
See Red River Valley 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 and exhibits local history and art, influencing education and lives.

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Provided by the organization

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1 program · $104K · in their own filed words · FY2020
01

Red River Valley Museum

The Museum offers, to the public, tours of the museum exhibits and the use of the building.

$104Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
National Philanthropic TrustFY2024$61K
Snell Charitable Foundation INCFY2024$25K
Mightycause Charitable FoundationFY2024$20K
William Wright Family FoundationFY2024$20K
Hds FoundationFY2024$6K
Triple D FoundationFY2024$5K
J S Bridwell FoundationFY2024$5K
The Fain FoundationFY2024$5K
Total grants receivedfrom 12 funders$158K
See all 12 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$253K
Ln 12
Gifts and grantsLn 1h$214K
Investment incomeLn 3$25K
Other incomeLn 4–11$8K
Money outPt IX
$148K
Ln 25
Programscol B$104K
Managementcol C$29K
Fundraisingcol D$15K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$197K
Total assetsLn 16$2.8M
LiabilitiesLn 26$2K
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Government grantsLn 1e$40K
Fees for servicesLn 2g$6K
Investment incomeLn 3$25K
Other incomeLn 4–11$8K
Gains on assetsLn 7$6K
Total revenueLn 12$253K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$180K
Cash and savings togetherLn 1–2$197K
InvestmentsLn 11–13$388K
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$4K
Total assetsLn 16$2.8M
LiabilitiesLn 26$2K
Net assetsLn 32$2.8M
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 FY20End FY20
Cash and savingsLn 1–2$838K$197K
InvestmentsLn 11–13$372K$388K
Land, buildings, equipmentLn 10c$1.5M$2.2M
Total assetsLn 16$2.7M$2.8M
LiabilitiesLn 26$2K$2K
Net assetsLn 32$2.7M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$38K$19K$9K$9K
Payroll taxesLn 10$3K$1K$725$725
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$4K$1K$1K$1K
Information technologyLn 14$1K$359$358$358
OccupancyLn 16$29K$19K$10K
Depreciation, depletion and amortizationLn 22$39K$39K
Other expenses (24a–d)Ln 24$19K$11K$5K$3K
All other expensesLn 24e$2K$1K$710$61
Total functional expensesLn 25$148K$104K$29K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $556K$273K$284K$3.4M 990 PDF
FY2024 $309K$191K$118K$3.1M 990 PDF
FY2023 $289K$184K$105K$3.0M 990 PDF
FY2022 $223K$194K$28K$2.9M 990 PDF
FY2021 $212K$164K$48K$2.9M 990 PDF
FY2020 Viewing $253K$148K$105K$2.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $252,787 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $451,154$214,154
I-9 Program service revenuePrior year $7,688$5,735
I-10 Investment incomePrior year $20,453$24,962
I-11 Other revenuePrior year $33,271$7,936
I-12 Total revenuePrior year $512,566$252,787
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $38,555$40,704
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $91,865$107,541
I-18 Total expensesPrior year $130,420$148,245
I-19 Revenue less expensesPrior year $382,146$104,542
Part VI · Governance 27 of 27 board members independent, 4 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $252,787 across 9 lines filed
Lines not itemized here account for $311 of total revenue; see the IRS return.
VIII-1e Government grants$40,000
VIII-1f All other contributions, gifts and grants$174,154
VIII-1h Total contributions, gifts and grants$214,154
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,735$5,735
VIII-3 Investment incomeRelated to mission $19,307$19,307
VIII-5 RoyaltiesRelated to mission $164$164
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,655$5,655
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,461$7,461
VIII-12 Total revenueRelated to mission $38,633 · Unrelated business $0 · Excluded from tax $0$252,787
Part IX · Statement of functional expenses $148,245 across 10 lines filed
IX-7 Other salaries and wagesPrograms $18,903 · Management $9,451 · Fundraising $9,451$37,805
IX-10 Payroll taxesPrograms $1,449 · Management $725 · Fundraising $725$2,899
IX-11c Accounting feesManagement $1,505$1,505
IX-12 Advertising and promotionPrograms $11,840$11,840
IX-13 Office expensesPrograms $1,181 · Management $1,180 · Fundraising $1,180$3,541
IX-14 Information technologyPrograms $359 · Management $358 · Fundraising $358$1,075
IX-16 OccupancyPrograms $19,453 · Management $9,726$29,179
IX-22 Depreciation, depletion and amortizationPrograms $39,072$39,072
IX-24 Other expenses (24a–d)Programs $10,663 · Management $5,050 · Fundraising $3,450$19,163
IX-24e All other expensesPrograms $1,395 · Management $710 · Fundraising $61$2,166
IX-25 Total functional expensesPrograms $104,315 · Management $28,705 · Fundraising $15,225$148,245
Part X · Balance sheet $2,821,225 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $19,790$16,342
X-2 Savings and temporary cash investmentsStart of year $818,326$180,238
X-8 Inventories for sale or useStart of year $3,000$3,000
X-10c Land, buildings and equipment, netStart of year $1,499,476$2,230,149
X-11 Publicly traded securitiesStart of year $372,105$387,500
X-15 Other assetsStart of year $3,996$3,996
X-16 Total assetsStart of year $2,716,693$2,821,225
X-17 Accounts payable and accrued expensesStart of year $1,682$1,672
X-26 Total liabilitiesStart of year $1,682$1,672
X-27 Net assets without donor restrictionsStart of year $1,532,770$2,333,920
X-28 Net assets with donor restrictionsStart of year $1,182,241$485,633
X-32 Total net assets or fund balancesStart of year $2,715,011$2,819,553
X-33 Total liabilities and net assetsStart of year $2,716,693$2,821,225
Part XI · Reconciliation of net assets $2,819,553 net assets at year end
XI-1 Total revenue$252,787
XI-2 Total expenses$148,245
XI-3 Revenue less expenses$104,542
XI-4 Net assets at start of year$2,715,011
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,819,553

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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