EIN 75-1229711

Museum of the Southwest

Name: Museum of the Southwest financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Midland

State

Texas

Year formed

1965

Most recent tax filings

2023-12-01

NTEE code, primary

A51: Art Museums

Description

We believe in the power of these disciplines to ignite the imagination, stimulate thought and provide enjoyment through our collections, exhibitions, programs and events.

Total revenues

$2,428,474

2023

Total expenses

$3,827,453

2023

Total assets

$19,051,645

2023

Num. employees

2023

Program areas at Museum of the Southwest

the Museum of the Southwest services its community as a unique regional resource for cultural enrichment. In its art Museum, children's Museum, and planetarium, and on its park-like grounds, the Museum provides opportunities for enjoyment and enlightenment to people of all ages. Using tools of education and entertainment, the Museum fosters appreciation of art and science and nurtures the spirit of creativity, sensitivity, and discovery.

Who funds Museum of the Southwest

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Rea Charitable Trust	2023-09	For Purposes of Daily	$250,000
The Blackbaud Giving Fund	2023-12	General Support	$50,500
Beal Foundation	2023-12	Operating Funds	$50,000
...and 13 more grants received

Personnel at Museum of the Southwest

Name	Title	Compensation	Date of data
Derby Gallo	Treasurer	$0	2024-09-27
Ray Farmer	Ex Director	$99,014	2023-12-31
Jana Floyd Hosiager	President	$0	2023-12-31
Brooke Moncrief	Secretary	$0	2023-12-31
Steve Pocsik	Vice President	$0	2023-12-31
...and 11 more key personnel

Financials for Museum of the Southwest

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$1,395,973	$1,506,393	-7.3%
Program services	$384,867	$309,743	24.3%
Investment income and dividends	$165,716	$198,210	-16.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$239,933	$485,876	-50.6%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$205,278	$70,264	192.2%
Net income from fundraising events	$32,478	$78,400	-58.6%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$4,229	$326,844	-98.7%
Total revenues	$2,428,474	$2,975,730	-18.4%

Form 990s for Museum of the Southwest

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-09-27	990	View PDF
2022-12	2023-09-29	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-11	990	View PDF
2019-12	2021-04-02	990	View PDF
...and 12 more Form 990s

Organizations like Museum of the Southwest

Organization	Type	Location	Revenue
Sheldon Swope Art Museum	501(c)(3)	Terre Haute, IN	$2,496,210
The Cummer Museum of Art and Gardens	501(c)(3)	Jacksonville, FL	$7,127,424
Reynolda House Museum of American Art	501(c)(3)	Winstonsalem, NC	$4,119,794
Asheville Art Museum Association	501(c)(3)	Asheville, NC	$1,770,786
Phoenix Art Museum	501(c)(3)	Phoenix, AZ	$10,338,592
San Jose Museum of Art Association	501(c)(3)	San Jose, CA	$5,864,094
Louisiana Art and Science Museum	501(c)(3)	Baton Rouge, LA	$2,293,696
Art Museum of Southeast Texas	501(c)(3)	Beaumont, TX	$953,624
The Grace Museum	501(c)(3)	Abilene, TX	$1,291,473
Laumeier Sculpture Park	501(c)(3)	Saint Louis, MO	$2,157,581

Data update history

December 2, 2024

Posted financials

Added Form 990 for fiscal year 2023

November 27, 2024

Updated personnel

Identified 11 new personnel

November 26, 2024

Used new vendors

Identified 3 new vendors, including , , and

October 24, 2024

Received grants

Identified 4 new grant, including a grant for $250,000 from Rea Charitable Trust

July 17, 2024

Received grants

Identified 1 new grant, including a grant for $5,000 from Union Pacific Foundation

Nonprofit Types

Arts, culture, and humanities nonprofitsMuseumsCharities

Issues

Arts, cultural, and humanities

Characteristics

MembershipsFundraising eventsEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations

General information

Address: 1705 W Missouri; Midland, TX 79701
Metro area: Midland, TX
County: Midland County, TX
Website URL: museumsw.org/
Phone: (432) 683-2882
Facebook page: MuseumoftheSouthwest
Twitter profile: @museumsw

IRS details

EIN: 75-1229711
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1965
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: A51: Art Museums
NAICS code, primary: 7121: Museums, Historical Sites, and Similar Institutions
Parent/child status: Independent

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Museum of the Southwest

Program areas at Museum of the Southwest

Who funds Museum of the Southwest

Personnel at Museum of the Southwest

Financials for Museum of the Southwest

Form 990s for Museum of the Southwest

Organizations like Museum of the Southwest

Nonprofits

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