IDABEL MUSEUM SOCIETY INC

EIN: 731531643 501(c)(3) Arts, Culture & Humanities

IDABEL, OK

Total Revenue
$1,605,636
Total Expenses
$754,543
Total Assets
$12,319,367
Net Assets
$12,307,103
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
OK
Principal Officer
HENRY MOY
Phone
5802863616
Tax Period
2024-01-01 to 2024-12-31

IDABEL MUSEUM SOCIETY INC, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $851K, a strong 53% operating margin.

Mission

TO EXCLUSIVELY PROVIDE SUPPORT AND BENEFITS TO THE CITY OF IDABEL'S MUSEUM OF THE RED RIVER IN IDABEL, OKLAHOMA.

Program Service Accomplishments

Program 1
Expenses: $368,789

COLLECTIONS CARE AND MANAGEMENT, EXHIBITIONS: IMSI CURATES COLLECTIONS FOR THE USE OF/AND BY THE MUSEUM OF THE RED RIVER CURRENTLY, OVER 30,000 ARTIFACTS ARE USED FOR PUBLICITY PURPOSES AND INCLUDE...

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COLLECTIONS CARE AND MANAGEMENT, EXHIBITIONS: IMSI CURATES COLLECTIONS FOR THE USE OF/AND BY THE MUSEUM OF THE RED RIVER CURRENTLY, OVER 30,000 ARTIFACTS ARE USED FOR PUBLICITY PURPOSES AND INCLUDE PRIMARILY ETHNOGRAPHIC ART FROM PREHISTORIC TO CONTEMPORARY TIMES. THE SOCIETY'S MAJOR FOCUS IS THE MATERIAL CULTURE OF NATIVE AMERICA; HOWEVER, IT ALSO HAS A GROWING NUMBER OF COMPARATIVE OBJECTS FROM AFRICA AND ASIA. THE SOCIETY ACCEPTS DONATIONS OF VARIOUS ARTIFACTS AND MEMORABILIA, IN WHICH THE ITEM VALUES MAY BE UNDETERMINED. THE SOCIETY ALSO PURCHASES COLLECTION ITEMS. ALL ITEMS ARE APPROVED BY THE BOARD BEFORE BEING CATALOGUED. IMSI PROVIDES VISUAL AND AESTHETIC EXPERIENCES TO OVER 19,000 VISITORS, OFF-SITE EXIBITS IN FOUR REGIONAL LIBRARIES AND THREE COMMUNITY CENTERS TO BROADEN OPPORTUNITIES TO THE LARGER COMMUNITY. IMSI HAS ALSO CONTRACTED WITH THE VALLEY OF THE CADDO MUSEUM(PARIS, TX) TO PROVIDE THEM WITH TWO EXHIBITS PER YEAR.

Program 2
Expenses: $154,030

RESEARCH ACTIVITIES AND PROGRAMS: IMSI SUPPORTS THE EXHIBITIONS OF THE MUSEUM WHICH IN 2017 INCLUDED A MAJOR BUILDING EXPANSION PROJECT TO IMPROVE STORAGE COLLECTIONS AND ALL PUBLIC SPACES, INCLUDING...

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RESEARCH ACTIVITIES AND PROGRAMS: IMSI SUPPORTS THE EXHIBITIONS OF THE MUSEUM WHICH IN 2017 INCLUDED A MAJOR BUILDING EXPANSION PROJECT TO IMPROVE STORAGE COLLECTIONS AND ALL PUBLIC SPACES, INCLUDING EXHIBITION GALLERIES, MUSEUM STORE AND EDUATION PROGRAMMING SPACES. SUPPORT ALSO INCLUDES CHANGING DISPLAYS AND PERMANENT INSTALLATIONS, PLUS ROTATING DISPLAYS AT OFF-SITE LOCATIONS. OBJECTS MUST BE RESEARCHED FOR ACCURATE INFORMATION. THE PROGRAMS OF THE MUSEUM INCLUDE SCHOOL GROUP TOURS(SERVING 4000+ VISITORS), EDUCATIONAL CAMPS ON ARTS, CULTURE, AND NATURAL HISTORY FOR CHILDREN, PLUS MONTHLY SPEAKERS AND ARTISTS/DEMONSTRATORS.

Program 3
Expenses: $73,507 Revenue: $110,519

MUSEUM STORE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $440,126
Program Service Revenue $0
Investment Income $1,046,118
Other Revenue $119,392
TOTAL REVENUE $1,605,636

Expense Breakdown

Grants Paid $0
Salaries & Benefits $393,276
Fundraising Expenses $0
Program Expenses $596,326
Other Expenses $361,267
TOTAL EXPENSES $754,543

Year-over-Year Comparison

2024 2023 Change
Revenue $1,605,636 $914,642 +0.8%
Expenses $754,543 $671,723 +0.1%
Net Income $851,093 $242,919 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
11
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$82,500
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY PETRE BOARD PRESIDENT 0.00
Director
$0 $0 $0
SANDRA JACKSON BOARD MEMBER 0.00
Director
$0 $0 $0
LINDSEY CAMPBELL BOARD MEMBER 0.00
Director
$0 $0 $0
DR ROBERT BROOKS BOARD MEMBER 0.00
Director
$0 $0 $0
CAROLYNN NEAL BOARD TREASURER 0.00
Director
$0 $0 $0
JOHN RAMSEY BOARD MEMBER 0.00
Director
$0 $0 $0
TERRY WALKER BOARD MEMBER 0.00
Director
$0 $0 $0
CRAIG YOUNG MAYOR OF IDABEL 0.00
Director
$0 $0 $0
CHERYLN TOWNSEND BOARD MEMBER 0.00
Director
$0 $0 $0
HENRY MOY MUSEUM DIRECTOR 40.00
Officer
$82,500 $0 $82,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,605,636 $754,543 $12,319,367 $851,093
2023 $914,642 $671,723 $11,501,096 $242,919
2022 $2,360,671 $712,224 $11,097,979 $1,648,447
2021 $1,751,109 $616,859 $12,818,695 $1,134,250
2020 $1,075,775 $849,524 $11,740,324 $226,251
2019 $1,129,464 $2,469,824 $12,285,312 $-1,340,360
2018 $1,159,434 $2,169,810 $11,805,938 $-1,010,376
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