Colonel Museum INC

Tax-deductible

Galveston, TX501(c)(3)Since 1985Arts & CultureEIN 76-0154705

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Museum located aboard a paddlewheel boat with exhibits depicting the history of paddlewheel transportation in texas

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$2K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $148K a year · 19% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$657K
116% of total assets
Concern: liabilities are 116% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
-72% vs prior year
Spent
$826K
To programs
94%
Net assets
−$89K
By yearFY2020–FY2024
Revenue
$299K
FY2024▼ -72%
Revenue by fiscal year
FY2020$354K
FY2021$689K
FY2022$713K
FY2023$1.2M
FY2024$1.1M
FY2024$299K
Expenses
$826K
FY2024▼ -31%
Expenses by fiscal year
FY2020$671K
FY2021$716K
FY2022$965K
FY2023$1.2M
FY2024$1.2M
FY2024$826K
Net assets
−$89K
FY2024▼ -120%
Net assets by fiscal year
FY2020$854K
FY2021$827K
FY2022$575K
FY2023$557K
FY2024$437K
FY2024−$89K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1986.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $780K Management & general 6% · $46K

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

5 people listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation
$700Pt VII · Sec A
$700Pt VII · Sec A
Vice-Pres
$700Pt VII · Sec A
$350Pt VII · Sec A
Director (thru 12/2024)
$0Pt VII · Sec A

E Douglas McLeod’s $700 as Vice-Pres is at the 0th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
E Douglas McLeod$700$2,800$2,800$2,450$350$2,800
Charles Milos$700$2,450$2,450$2,100$350$2,800
Joy Cowan$700$2,800$2,800$2,450$350$2,800
E Vince Matihews III————$350$2,800
E Vince Matthews III$350$2,450$2,450$1,750——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Colonel 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 15aYes

Programs and updates

Showcases Texas paddlewheel transportation history aboard a museum boat.

Provided by the organization

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1 program · $780K · in their own filed words · FY2024
01

The colonel museum, inc manages and operates a museum located aboard a paddlewheel boat with exhibits depicting the history of paddlewheel transportation in texas.

$780Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Fees for servicesLn 2g$261K
Other incomeLn 4–11$37K
Investment incomeLn 3$773
Money outPt IX
$826K
Ln 25
Programscol B$780K
Managementcol C$46K
Owns and owesPt X
−$89K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$568K
LiabilitiesLn 26$657K
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$261K
Investment incomeLn 3$773
Other incomeLn 4–11$37K
Gains on assetsLn 7$0
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$0
Cash and savings togetherLn 1–2$1K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$511K
Other assetsLn 15$0
Total assetsLn 16$568K
LiabilitiesLn 26$657K
Net assetsLn 32−$89K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$41K$1K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$621K$511K
Total assetsLn 16$976K$568K
LiabilitiesLn 26$539K$657K
Net assetsLn 32$437K−$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2K$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$222K$222K
Pension plan contributionsLn 8$961$961
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$18K$18K
Management feesLn 11a$30K$30K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$11K$11K$105
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$10K$10K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$813$813
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$120K$120K
InsuranceLn 23$105K$105K
Other expenses (24a–d)Ln 24$241K$241K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$826K$780K$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$1.2M−$119K$437K 990 PDF
FY2023 $1.2M$1.2M−$25K$557K 990 PDF
FY2022 $713K$965K−$252K$575K 990 PDF
FY2021 $689K$716K−$27K$827K 990 PDF
FY2020 $354K$671K−$317K$854K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $299,285 across 9 lines filed
Lines not itemized here account for $36,679 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $261,356$261,356
VIII-3 Investment incomeExcluded from tax $773$773
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $477$477
VIII-12 Total revenueRelated to mission $294,438 · Unrelated business $4,074 · Excluded from tax $773$299,285
Part IX · Statement of functional expenses $826,098 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $2,450$2,450
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $222,410$222,410
IX-8 Pension plan contributionsPrograms $961$961
IX-9 Other employee benefitsPrograms $18,155$18,155
IX-10 Payroll taxesPrograms $17,832$17,832
IX-11a Management feesManagement $30,000$30,000
IX-11b Legal feesPrograms $21,388$21,388
IX-11c Accounting feesPrograms $17,031$17,031
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $10,544 · Management $105$10,649
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $9,600$9,600
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $813$813
IX-20 InterestManagement $3,421$3,421
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $119,525$119,525
IX-23 InsurancePrograms $105,372$105,372
IX-24 Other expenses (24a–d)Programs $240,923$240,923
IX-24e All other expensesPrograms $5,568$5,568
IX-25 Total functional expensesPrograms $779,709 · Management $46,389 · Fundraising $0$826,098
Part X · Balance sheet $567,876 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $40,634$1,495
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $236,826$14
X-8 Inventories for sale or useStart of year $33,276$13,949
X-9 Prepaid expenses and deferred chargesStart of year $45,107$41,449
X-10c Land, buildings and equipment, netStart of year $620,634$510,969
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $976,477$567,876
X-17 Accounts payable and accrued expensesStart of year $64,084$182,296
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-25 Other liabilitiesStart of year $475,000$475,000
X-26 Total liabilitiesStart of year $539,084$657,296
X-27 Net assets without donor restrictionsStart of year $411,765−$89,420
X-28 Net assets with donor restrictionsStart of year $25,628$0
X-32 Total net assets or fund balancesStart of year $437,393−$89,420
X-33 Total liabilities and net assetsStart of year $976,477$567,876
Part XI · Reconciliation of net assets −$89,420 net assets at year end
XI-1 Total revenue$299,285
XI-2 Total expenses$826,098
XI-3 Revenue less expenses−$526,813
XI-4 Net assets at start of year$437,393
XI-10 Net assets at end of year−$89,420

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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