Colonel Museum INC FY2024 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.
94¢ of each $1 spent went to programs.
$10K 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
$10K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$539K
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-7% vs prior year
Spent
$1.2M
To programs
94%
Net assets
$437K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▼ -7%
Revenue by fiscal year
FY2020$354K
FY2021$689K
FY2022$713K
FY2023$1.2M
FY2024$1.1M
FY2024$299K
Expenses
$1.2M
FY2024▲ +0.6%
Expenses by fiscal year
FY2020$671K
FY2021$716K
FY2022$965K
FY2023$1.2M
FY2024$1.2M
FY2024$826K
Net assets
$437K
FY2024▼ -21%
Net assets by fiscal year
FY2020$854K
FY2021$827K
FY2022$575K
FY2023$557K
FY2024$437K
FY2024−$89K

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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

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% · $1.1M Management & general 6% · $66K

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

Who runs it and what they're paid

5 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$2,800Pt VII · Sec A
Vice-Pres
$2,800Pt VII · Sec A
$2,450Pt VII · Sec A
$2,450Pt 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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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 service account for $1.1M of program spending, described in the organization's own filed words · FY2023.
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.

$1.1Mprogram expense

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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
$1.1M
Ln 12
Fees for servicesLn 2g$884K
Other incomeLn 4–11$193K
Investment incomeLn 3$1K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$66K
Owns and owesPt X
$437K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$976K
LiabilitiesLn 26$539K
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$884K
Investment incomeLn 3$1K
Other incomeLn 4–11$193K
Gains on assetsLn 7$0
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$0
Cash and savings togetherLn 1–2$41K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$621K
Other assetsLn 15$0
Total assetsLn 16$976K
LiabilitiesLn 26$539K
Net assetsLn 32$437K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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$209K$41K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$772K$621K
Total assetsLn 16$1.1M$976K
LiabilitiesLn 26$527K$539K
Net assetsLn 32$557K$437K
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$10K$10K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$357K$357K
Pension plan contributionsLn 8$981$981
Other employee benefitsLn 9$23K$23K
Payroll taxesLn 10$29K$29K
Management feesLn 11a$30K$30K
Legal feesLn 11b$2K$2K
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$46K$46K$638
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$19K$19K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$4K$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$161K$161K
InsuranceLn 23$102K$102K
Other expenses (24a–d)Ln 24$367K$367K
All other expensesLn 24e$28K$27K$1K
Total functional expensesLn 25$1.2M$1.1M$66K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 $1,078,590 across 9 lines filed
Lines not itemized here account for $192,713 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 $884,462$884,462
VIII-3 Investment incomeExcluded from tax $1,311$1,311
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 $104$104
VIII-12 Total revenueRelated to mission $1,055,130 · Unrelated business $22,149 · Excluded from tax $1,311$1,078,590
Part IX · Statement of functional expenses $1,197,924 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 $10,500$10,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $356,955$356,955
IX-8 Pension plan contributionsPrograms $981$981
IX-9 Other employee benefitsPrograms $22,992$22,992
IX-10 Payroll taxesPrograms $29,157$29,157
IX-11a Management feesManagement $30,000$30,000
IX-11b Legal feesPrograms $2,400$2,400
IX-11c Accounting feesPrograms $16,608$16,608
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 $45,732 · Management $638$46,370
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $19,200$19,200
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $1,272$1,272
IX-20 InterestManagement $3,572$3,572
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $160,837$160,837
IX-23 InsurancePrograms $101,947$101,947
IX-24 Other expenses (24a–d)Programs $367,074$367,074
IX-24e All other expensesPrograms $26,804 · Management $1,255$28,059
IX-25 Total functional expensesPrograms $1,131,487 · Management $66,437 · Fundraising $0$1,197,924
Part X · Balance sheet $976,477 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $209,475$40,634
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 $28,859$236,826
X-8 Inventories for sale or useStart of year $35,912$33,276
X-9 Prepaid expenses and deferred chargesStart of year $38,130$45,107
X-10c Land, buildings and equipment, netStart of year $771,802$620,634
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 $1,084,178$976,477
X-17 Accounts payable and accrued expensesStart of year $52,451$64,084
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 $527,451$539,084
X-27 Net assets without donor restrictionsStart of year $532,157$411,765
X-28 Net assets with donor restrictionsStart of year $24,570$25,628
X-32 Total net assets or fund balancesStart of year $556,727$437,393
X-33 Total liabilities and net assetsStart of year $1,084,178$976,477
Part XI · Reconciliation of net assets $437,393 net assets at year end
XI-1 Total revenue$1,078,590
XI-2 Total expenses$1,197,924
XI-3 Revenue less expenses−$119,334
XI-4 Net assets at start of year$556,727
XI-10 Net assets at end of year$437,393

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

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