Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $344,444

• 1e · Government grants (contributions)

  $262,083

• 1f · All other contributions, gifts and grants

  $1,218,451

• 1g · Noncash contributions included above

  $31,509

• 2a · Program service revenue: ADMISSIONS

  total $2,782,993 · related or exempt $2,782,993

• 2b · Program service revenue: TOURS

  total $762,770 · related or exempt $762,770

• 2c · Program service revenue: RIGHTS AND REPRODUCTIONS

  total $204,238 · related or exempt $204,238

• 2d · Program service revenue: PROGRAM FEES

  total $91,574 · related or exempt $91,574

• 3 · Investment income

  total $2,458,864 · unrelated business -$154,344 · excluded $2,613,208

• 5 · Royalties

  total $10,359 · excluded $10,359

• 7a · Gross sales of assets other than inventory

  securities $15,814,826

• 7b · Less cost or other basis and sales expenses

  securities $14,505,744

• 7c · Gain or loss

  securities $1,309,082

• 7d · Net gain or loss

  total $1,309,082 · excluded $1,309,082

• 10a · Gross sales of inventory

  $2,475,263

• 10b · Cost of goods sold

  $1,039,362

• 10c · Net income from sales of inventory

  total $1,435,901 · related or exempt $858,034 · unrelated business $577,867

• 11d · All other revenue

  total $25,776 · excluded $25,776

• 11e · Other revenue, total

  $25,776

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $966,158 · program services $153,594 · management and general $636,760 · fundraising $175,804

• 7 · Other salaries and wages

  total $4,990,944 · program services $4,094,064 · management and general $401,938 · fundraising $494,942

• 8 · Pension plan contributions

  total $126,943 · program services $81,977 · management and general $23,865 · fundraising $21,101

• 9 · Other employee benefits

  total $750,550 · program services $661,202 · management and general $41,478 · fundraising $47,870

• 10 · Payroll taxes

  total $463,638 · program services $349,689 · management and general $65,897 · fundraising $48,052

• 11b · Fees: legal

  total $45,156 · management and general $45,156

• 11c · Fees: accounting

  total $58,962 · management and general $58,962

• 11f · Fees: investment management

  total $121,364 · management and general $121,364

• 11g · Fees: other

  total $644,424 · program services $600,573 · fundraising $43,851

• 12 · Advertising and promotion

  total $104,674 · program services $73,272 · management and general $31,402

• 13 · Office expenses

  total $761,339 · program services $619,847 · management and general $72,094 · fundraising $69,398

• 14 · Information technology

  total $334,929 · program services $276,863 · management and general $32,661 · fundraising $25,405

• 16 · Occupancy

  total $601,046 · program services $525,613 · management and general $56,170 · fundraising $19,263

• 17 · Travel

  total $148,639 · program services $83,003 · management and general $11,424 · fundraising $54,212

• 22 · Depreciation, depletion and amortization

  total $187,902 · program services $185,121 · management and general $2,781

• 23 · Insurance

  total $275,987 · program services $245,420 · management and general $23,579 · fundraising $6,988

• 24a · Other expenses: SUPPLIES

  total $250,792 · program services $220,551 · management and general $14,756 · fundraising $15,485

• 24b · Other expenses: MAINTENANCE AND REPAIRS

  total $76,578 · program services $61,181 · management and general $11,863 · fundraising $3,534

• 24e · All other expenses

  total $6,135 · program services $6,135

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $67,834 · end of year $8,890

• 2 · Savings and temporary cash investments

  beginning of year $6,479,010 · end of year $13,297,025

• 3 · Pledges and grants receivable

  beginning of year $898,589 · end of year $862,562

• 4 · Accounts receivable

  beginning of year $88,667 · end of year $98,911

• 8 · Inventories for sale or use

  beginning of year $356,670 · end of year $283,964

• 9 · Prepaid expenses and deferred charges

  beginning of year $299,730 · end of year $285,887

• 10a · Land, buildings and equipment: cost or other basis

  $11,522,221

• 10b · Land, buildings and equipment: accumulated depreciation

  $6,703,457

• 10c · Land, buildings and equipment, net

  beginning of year $4,551,764 · end of year $4,818,764

• 11 · Investments: publicly traded securities

  beginning of year $67,718,341 · end of year $66,480,822

• 12 · Investments: other securities

  beginning of year $47,647,122 · end of year $45,551,787

• 14 · Intangible assets

  beginning of year $548,527 · end of year $730,145

• 15 · Other assets

  beginning of year $4,795,767 · end of year $5,438,074

• 17 · Accounts payable and accrued expenses

  beginning of year $807,798 · end of year $883,497

• 25 · Other liabilities

  beginning of year $961,735 · end of year $902,587

• 27 · Net assets without donor restrictions

  beginning of year $85,902,494 · end of year $89,879,320

• 28 · Net assets with donor restrictions

  beginning of year $45,779,994 · end of year $46,191,427

The filer's explanations (Part III)

PART I, LINE 4A

AN EMPLOYEE LISTED IN PART II RECEIVED A ONE-TIME PAYMENT THAT INCLUDED COMPENSATION FOR ACCRUED BUT UNUSED VACATION TIME, AS WELL AS OTHER STANDARD COMPONENTS CONSISTENT WITH THE TERMS OF THE AGREEMENT.

PART I, LINE 7

BONUS PAYMENTS WERE AWARDED AND APPROVED BY THE BOARD FOR THE DIRECTOR OF THE MUSEUM. THE BOARD ALSO APPROVED HOLIDAY BONUSES FOR THE STAFF IN 2024, RANGING ROUGHLY FROM $750 TO $1,000.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GOKM INNOVATIONS INC

  C · CONSERVATION PRODUCT DEVELOPMENT · DE

  Directly controlled by THE O'KEEFFE MUSEUM FOUNDATION