INSTITUTE OF CULTURES FOR THE WIMBERLEY VALLEY INC

EIN: 742393862 501(c)(3)

WIMBERLEY, TX

Total Revenue
$59,971
Total Expenses
$55,120
Total Assets
$953,086
Net Assets
$953,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
TX
Principal Officer
JOHN POE
Phone
5129655337
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE OF CULTURES FOR THE WIMBERLEY VALLEY INC, founded in 1985, is a micro nonprofit that reported $60K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $55K left a modest 8% surplus.

Mission

THE INSTITUTE OF CULTURES FOR THE WIMBERLEY VALLEY, INC, WHICH DOES BUSINESS AS THE WIMBERLEY INSTITUTE OF CULTURES OR WIC, WAS FORMED IN THE MID 1980S AS A TEXAS SESQUICENTENNIAL PROJECT GROUP TO HOST EVENTS FOR WIMBERLEY'S CELEBRATION OF 150 YEARS OF TEXAS INDEPENDENCE. IT THEN EVOLVED INTO A LOCAL NON-PROFIT DEDICATED TO PRESERVING AND EDUCATING ABOUT THE HISTORICAL AND CULTURAL ASPECTS OF THE WIMBERLEY VALLEY. IN THE EARLY 1990'S OPERATIONS OF THE WINTERS-WIMBERLEY HOUSE AND GROUNDS WAS TRANSFERRED TO WIC FROM THE WIMBERLEY SENIOR CITIZENS ACTIVITIES INC, WHO HAD RECENTLY PROCURED THIS AND THE ADJACENT PROPERTY FROM THE WIMBERLEY FAMILY HEIRS. FOLLOWING MUCH RESTORATION WORK ON THE OLD HOUSE WHICH WAS IN DECLINE, THE ORIGINAL PLAN WAS TO USE THE FACILITY AS AN EVENT VENUE FOR MEETINGS, RECEPTIONS, ETC. IN DECEMBER 2018, THE WIMBERLEY VALLEY MUSEUM WAS OPENED TO ATTRACT VISITORS AND PROVIDE EDUCATION FOR UNDERSTANDING THE HISTORY OF THE COMMUNITY.

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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 $56,766
Program Service Revenue $0
Investment Income $1,336
Other Revenue $1,869
TOTAL REVENUE $59,971

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,120
Other Expenses $52,120
TOTAL EXPENSES $55,120

Year-over-Year Comparison

2024 2023 Change
Revenue $59,971 $64,757 -0.1%
Expenses $55,120 $67,873 -0.2%
Net Income $4,851 $-3,116 -2.6%
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
9
Independent Members
9
Employees
N/A
Volunteers
150

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA BARCHFELD DIRECTOR 25.00
Director
$0 $0 $0
DEBRA BILLUPS DIRECTOR 25.00
Director
$0 $0 $0
TOM BILLUPS 1ST VICE PRE 25.00
Officer Director
$0 $0 $0
ERIC ESKELUND DIRECTOR 25.00
Director
$0 $0 $0
CHARLIE LECOMPTE 2ND VICE PRE 25.00
Officer Director
$0 $0 $0
ALAN MARBURGER DIRECTOR 25.00
Director
$0 $0 $0
JOHN POE PRESIDENT 25.00
Officer Director
$0 $0 $0
DIANE STEWART SECRETARY 25.00
Officer Director
$0 $0 $0
MICHAEL STEWART DIRECTOR 25.00
Director
$0 $0 $0
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 $59,971 $55,120 $953,086 $4,851
2023 $64,757 $67,873 $948,235 $-3,116
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