2024-08-13T08:14:50-07:00 2023-09-30 261262413 Petersen CPAs & Advisors PLLC 3702 Kern Way Yakima WA 98902 990 2022-10-01 910828572 YAKIMA VALLEY MUSEUM & HISTORICAL ASSOC YAKI 5092480747 2105 TIETON DRIVE YAKIMA WA 98902 Liz Hobson Executive Director 2024-08-13 true true Angela M Pratt CPA P00234617 5095751040 X 2022 2024-08-08 14:25:15Z Liz Hobson 2105 TIETON DRIVE YAKIMA WA 98902 1775702 false X WWW.YAKIMAVALLEYMUSEUM.ORG X 1951 WA The Yakima Valley Museum conserves our stories to inspire our community, learn from our past, celebrate our present, and guide our future. We do this through engaging exhibitions, inspiring public programming, and educational opportunities for audiences of all ages. 23 23 12 27 0 782972 1372979 46491 64990 675851 156408 84392 155732 1589706 1750109 0 0 440937 499284 0 89440 621654 749684 1062591 1248968 527115 501141 8504178 9487929 70993 108220 8433185 9379709 The Yakima Valley Museum preserves the rich history and unique culture of the Yakima Valley and makes history accessible to all audiences through operations of the museum, collecting and stewarding artifacts, presenting exhibits and public programs, and providing educational opportunities that reflect all members of the community. The Museum attracts visitors locally and those traveling through the region and serves students from around the Yakima Valley in different grade levels with engaging educational opportunities. The Yakima Valley Museum also continues the legacy of Justice William O. Douglas through public programs and exhibitions. false false 786149 64990 The Yakima Valley Museum is a regional history museum that tells the stories of the Central Washington region through robust permanent and special exhibitions that showcase artifacts to educate audiences about our past, presentation of public programs related to regional history and culture, and collection and preservation of the Yakima Valley's material culture. 786149 true true false false false false false true false true true false false false false true false false false false false false false false true false false false false false false false false false false false false false true true false false false false false false false true 0 0 false 12 true false false false false false true true false 0 false false false false false false false X 23 23 true false false false true true false true true false false true true true false false false true false false X Liz Hobson 5092480747 2105 TIETON DRIVE YAKIMA WA 98902 PETER ARNOLD Executive Dir. 40.00 0.00 X 100500 0 3705 Sharon Smith Director 1.00 0.00 X 0 0 0 Janice Ridgway Director 1.00 0.00 X 0 0 0 DAVID O GUITIERREZ Director 1.00 0.00 X 0 0 0 BARBARA GREENBERG Director 1.00 0.00 X 0 0 0 SALLY TONKIN Vice President 2.00 0.00 X X 0 0 0 SALLY KRANSBERGER Director 1.00 0.00 X 0 0 0 BETTY STRAND Director 1.00 0.00 X 0 0 0 CURTIS SUNDQUIST Director 1.00 0.00 X 0 0 0 CARRIE MOORE Director 0.00 0.00 X 0 0 0 BETTE TAYLOR Director 1.00 0.00 X 0 0 0 DAVIS WASHINES Director 1.00 0.00 X 0 0 0 ED MARQUAND Director 1.00 0.00 X 0 0 0 AKBAR REZAIE Director 1.00 0.00 X 0 0 0 ANN WILLIS Director 1.00 0.00 X 0 0 0 Rodrigo Renteria-Valencia Director 1.00 0.00 X 0 0 0 CHARLENE UPTON Director 1.00 0.00 X 0 0 0 CRAGG GILBERT SECT/TREASURER 2.00 0.00 X X 0 0 0 BERTHA ORTEGA Director 1.00 0.00 X 0 0 0 THOMAS HULL Director 0.00 0.00 X 0 0 0 NANCY KENMOTSU President 2.00 0.00 X X 0 0 0 JUANA REZAIE Past President 2.00 0.00 X X 0 0 0 Eliana Macias Ex-Officio 1.00 0.00 X 0 0 0 Leslie Wahl Director 1.00 0.00 X 0 0 0 Liz Hobson Current Exec. D 1.00 0.00 X 0 0 0 100500 3705 1 false false false 0 25745 130427 1216807 87399 1372979 ADMISSIONS 713990 57786 57786 Special Projects Revenue 713990 7204 7204 64990 153058 153058 0 0 104684 2570 102114 102114 102114 3350 3350 3350 3350 52272 130427 11008 41264 0 20823 12015 8808 8808 Other Income 900099 3546 3546 3546 1750109 182808 153058 0 0 0 0 104219 34740 34740 34739 0 312660 202001 102843 7816 0 49446 29064 16304 4078 32959 18787 10876 3296 0 13979 13979 17055 17055 0 0 0 81473 47894 31579 2000 34819 23329 11490 67208 22178 22178 22852 0 0 92574 62025 30549 9605 3266 3170 3169 0 0 4807 4807 0 187006 187006 44989 30143 14846 REPAIRS AND MAINTENANCE 159058 120676 38382 EXHIBITS 23191 23191 Equipment Rental 9266 371 8895 Business Taxes 4654 4654 0 1248968 786149 373379 89440 119910 75321 712596 858121 10000 689976 0 0 0 0 19994 19947 0 8823098 5269245 3573467 3553853 3861001 4083501 0 0 0 207210 207210 8504178 9487929 23687 21840 47306 86380 70993 108220 X 5368045 5436123 3065140 3943586 8433185 9379709 8504178 9487929 501141 320708 124675 X true X false true false X 475435 783654 685517 782972 1372979 4100557 0 0 475435 783654 685517 782972 1372979 4100557 0 4100557 249530 193710 157789 176124 257742 1034895 0 2141 3546 5687 5141139 0.79760 0.74250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 5738426 34501 466943 172932 6066938 6227459 258397 -588269 159161 5738426 5296476 313590 752749 135356 6227459 4777273 414078 153102 47977 5296476 4672375 134569 -154499 4961443 0.48000 0.45300 0.06700 false false false 248799 248799 7195809 4177283 3018526 88851 65905 22946 1289639 1026057 263582 3553853 X Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Association's Museum and the Gilbert House contain numerous collections, artifacts, and historical treasures relating to the development and history of the surrounding geographic area. The Association's management believes these items are of significant value and maintains records to account for all items. No value is recorded in the Association's financial statements for these items due primarily to the inability to determine fair value. All collections purchased are charged to operations at the time of purchase. Proceeds from de-accessions are reflected as increases in the appropriate net asset category and are to be used for the purchase of additional appropriate items for the collection and/or for management and direct care of the permanent collection items. Direct care includes preventative care and conservation of the collections. There were no significant disposals of collections during the years ended September 30, 2023 and 2022. Part III, Line 4: Description of organization's collections and how it furthers its purpose. Art objects purchased or donated to the Museum are not included in the accompanying statement of financial position. Such collections are made up of artwork, artifacts, and books; all with historical significance and are held for educational, exhibit, research, and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Part V, Line 4: Intended uses of the endowment fund. THE INTENDED USE OF THE ENDOWMENT FUNDS ARE FOR OPERATING THE GILBERT HOUSE, AND MAINTAINING AND ACQUIRING COLLECTIONS, ARTIFACTS, AND HISTORICAL TREASURES RELATED TO THE development AND HISTORY OF THE SURROUNDING GEOGRAPHICAL AREA. Part X : FIN48 Footnote The Association is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code except to the extent of unrelated business taxable income as defined under IRC Sections 511 through 515. The Association had no unrelated business taxable income for the years ended September 30, 2023 and 2022. The Association follows FASB ASC Section 740, which clarifies the uncertainty in income taxes. Management has evaluated the Association's tax positions and has concluded that the Association has taken no uncertain tax positions that require adjustments to the financial statements, or that call into question the Association's tax status. X false Red into Black Dinner & Auction 182699 130427 52272 11008 182699 130427 52272 11008 11008 41264 X 57 NOT IN REVENUE X 2 86899 FMV X 334 NOT IN REVENUE X Inkind donation 16 500 FMV false false false Form 990, Part VI, Section A, Line 2 AKBAR REZAIE AND JUANA REZAIE HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section A, Line 6 THE YAKIMA VALLEY MUSEUM HAS A MEMBERSHIP PROGRAM THAT IS USED PRIMARILY AS A FORM OF FINANCIAL SUPPORT. MEMBERS RECIEVE A NEWSLETTER, FREE ADMISSION, AND A MEMBER DISCOUNT IN THE SHOP. Form 990, Part VI, Section B, Line 11b THE FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR, BOARD PRESIDENT, AND BOARD TREASURER, AND THEN PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING, AND WAS REVIEWED AT A BOARD MEETING AFTER FILING. Form 990, Part VI, Section B, Line 15a COMPENSATION IS DETERMINED BY THE FINANCE COMMITEE OF THE BOARD. THE BOARD LOOKS AT COMPARABLE DATA COMPILED BY THE AMERICAN ASSOCIATION OF MUSEUMS AS WELL AS THE COMPENSATION FOR THE CEO'S OR THE OTHER AREA ART AND CULTURAL ORGANIZATIONS. THIS PROCESS IS DOCUMENTED ONLY IN THE MEETING MINUTES. THIS WAS LAST REVIEWED DURING THE FISCAL YEAR 2020. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST AS STATED ON VARIOUS GIFT ACKNOWLEDGEMENT LETTERS AND PUBLICATIONS DISTRIBUTED THROUGHOUT THE YEAR. Form 990, line 8 Prior Period Adjustment The CARES Act provides an employee retention credit ("CARES Employee Retention credit"), which is a refundable tax credit against certain employment taxes of up to $5,000 per employee for eligible employers. The tax credit is equal to 50% of qualified wages paid to employees during a quarter, capped at $10,000 of qualified wages per employee through December 31, 2020. Additional relief provisions were passed by the United States government, which extend and slightly expand the qualified wage caps on these credits through December 31, 2021. Based on these additional provisions, the tax credit is now equal to 70% of qualified wages paid to employees during a quarter, and the limit on qualified wagers per employee has been increased to $10,000 of qualified wagers per quarter. The Association qualified for the tax credit under the CARES Act for qualified wages through December 31, 2021. During the year ended September 30, 2023, the Association received $131,498 (including $6,823 of interest) related to the CARES Employee Retention credit. To record the CARES Employee Retention credit, the Association made a prior-period adjustment that increased net assets without donor restrictions by $124,675 and decreased revenue for the year ended September 30, 2023 by the same amount. The interest earned on the CARES Employee Retention Credit of $6,823 has been included as interest income-ERC on the statement of activities and changes in net assets for the year ended September 30,2023. Part VII - Compensation of Officers Liz Hobson is the executive director for the subsequent year (fiscal year end September 30, 2024). She has been listed on the Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors in fiscal year end September 30, 2023, because she is signing the 990 for that year.