Colonel Museum INC FY2020 filing

Tax-deductible

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

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

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$11K 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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
0 of 5
years in the black
Concern: 5 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
92%
of spending
Looks good: 92% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$11K
to officers and key staff · 2% of spending
Looks good: leaders' pay is 2% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$158K
liabilities
Looks good: debts are 16% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$354K
Spent
$671K
To programs
92%
Net assets
$854K
By yearFY2020–FY2024
Revenue
$354K
FY2020
Revenue by fiscal year
FY2020$354K
FY2021$689K
FY2022$713K
FY2023$1.2M
FY2024$1.1M
FY2024$299K
Expenses
$671K
FY2020
Expenses by fiscal year
FY2020$671K
FY2021$716K
FY2022$965K
FY2023$1.2M
FY2024$1.2M
FY2024$826K
Net assets
$854K
FY2020
Net assets by fiscal year
FY2020$854K
FY2021$827K
FY2022$575K
FY2023$557K
FY2024$437K
FY2024−$89K

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CColonel Museum INC
EINHdr · item D76-0154705
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1986
Year of formationHdr · item L1985
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CGalveston, TX
NTEE classificationIRS BMFArts & Culture (A540)

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 $0.92 Management & general $0.08
Program services92%$620K
Management & general8%$51K
Total functional expensesLn 25$671K

Financial health

Is it on solid ground?

Program efficiency
92%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-90%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$1.0M
FY2020
Total assets by fiscal year
FY2020$1.0M
FY2021$886K
FY2022$1.1M
FY2023$1.1M
FY2024$976K
FY2024$568K
Total liabilities
$158K
FY2020
Total liabilities by fiscal year
FY2020$158K
FY2021$59K
FY2022$482K
FY2023$527K
FY2024$539K
FY2024$657K
Revenue less expensesPt I · Ln 19−$317K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$166K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$158K
Total net assetsLn 32$854K
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Program service revenue$305K · 86%
Other revenue$48K · 14%
Program service revenue86%$305K
Other revenue14%$48K
Total revenueLn 12$354K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $166K · Operating expenses/yr $671K
3.0 months
Where the money goes
Program services
Program services $620K · Total expenses $671K
92%
Management & General
Management & general $51K · Total expenses $671K
8%
Fundraising
Fundraising $0 · Total expenses $671K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $354K
0%
Government reliance
Government grants — · Total revenue $354K
—
Earned-income share
Program service revenue $305K · Total revenue $354K
86%
Investment reliance
Investment income −$18K · Total revenue $354K
-5%
Program self-sufficiency
Program service revenue $305K · Total expenses $671K
46%
Growth & trend
Revenue growth (YoY)
This year $354K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $854K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $354K · Expenses $671K
-90%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $854K · Total assets $1.0M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Charles Milos · Reported title SEC/TREA · Highest reported compensation $3K · Total expenses $671K
0.4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $320K · Total expenses $671K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

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 (FY2019); the FY2020 filing did not itemize Part VII
$2,800Pt VII · Sec A
Vice-Pres
$2,800Pt VII · Sec A
$2,800Pt VII · Sec A
$2,800Pt VII · Sec A
Director
$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.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Showcases Texas paddlewheel transportation history aboard a museum boat.

Provided by the organization

This section is blank until Colonel Museum INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $620K of program spending, described in the organization's own filed words · FY2019.
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.

$620Kprogram expense

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Funders

Who pays for it.

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $1.1M$1.2M-7% 990 PDF
FY2023 $1.2M$1.2M+63% 990 PDF
FY2022 $713K$965K+3% 990 PDF
FY2021 $689K$716K+95% 990 PDF
FY2020 Viewing $354K$671K 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

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $671,032 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 $11,200$11,200
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $253,618 · Management $6,538$260,156
IX-8 Pension plan contributionsPrograms $1,402 · Management $98$1,500
IX-9 Other employee benefitsPrograms $23,405 · Management $1,637$25,042
IX-10 Payroll taxesPrograms $20,340 · Management $1,423$21,763
IX-11a Management feesPrograms $28,039 · Management $1,961$30,000
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $19,674 · Management $1,376$21,050
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 $2,217 · Management $2,181$4,398
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $17,945 · Management $1,255$19,200
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,554 · Management $179$2,733
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $115,409$115,409
IX-23 InsurancePrograms $44,642 · Management $22,337$66,979
IX-24 Other expenses (24a–d)Programs $43,724$43,724
IX-24e All other expensesPrograms $47,197 · Management $681$47,878
IX-25 Total functional expensesPrograms $620,166 · Management $50,866 · Fundraising $0$671,032

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) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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