2025-11-17T09:27:29-06:00 2024-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2024-01-01 742497117 DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE DRPE 2547571024 300 S 5TH STREET WACO TX 76701 CHRIS DYER PRESIDENT/CEO 2547571024 2025-11-15 1 1 SHARON M HERWALD CPA P00079864 2547724901 2024 2025-03-06 01:10:19Z DR PEPPER MUSEUM CHRIS DYER 300 S 5TH STREET WACO TX 76701 9369122 0 X WWW.DRPEPPERMUSEUM.COM X 1983 TX THE DR PEPPER MUSEUM EDUCATES, INSPIRES, AND ENTERTAINS BY SHARING THE STORIES OF DR PEPPER AND THE SOFT DRINK INDUSTRY. 25 25 123 0 0 0 948484 1159658 1998765 2724541 7195 1773355 890641 2371325 3845085 8028879 0 0 0 0 1176365 2093150 0 0 238628 1339412 1595143 2515777 3688293 1329308 4340586 7573330 9573304 1439920 436783 6133410 9136521 THE DR PEPPER MUSEUM EDUCATES, INSPIRES, AND ENTERTAINS BY SHARING THE STORIES OF DR PEPPER AND THE SOFT DRINK INDUSTRY. 0 0 2399588 5137418 OPERATION OF HISTORICAL MUSEUM AND EDUCATIONAL FACILITY TO PRESERVE THE HISTORY OF DR PEPPER. 2399588 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 8 0 1 123 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X DEDRIA BROWN 2547571024 300 S 5TH STREET WACO TX 76701 ANTHONY BETTERS SR IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 ADRIAN SEPCIC BOARD TREASURER 2.00 X X 0 0 0 EVAN HANKINS BOARD CHAIR 2.00 X X 0 0 0 CLAIRE KULTGEN MCDONALD BOARD SECRETARY 1.00 X X 0 0 0 JIM ALEXANDER DIRECTOR 1.00 X 0 0 0 ELAINE BOTELLO DIRECTOR 1.00 X 0 0 0 GINA LONG DIRECTOR 1.00 X 0 0 0 MICHAEL BROWN DIRECTOR 1.00 X 0 0 0 DANIELA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 PAT WRIGHT DIRECTOR 1.00 X 0 0 0 JAMES JIM CLIFTON DIRECTOR 1.00 X 0 0 0 DAWSON BARKSDALE DIRECTOR 1.00 X 0 0 0 DEXTER HALL DIRECTOR 1.00 X 0 0 0 ANSUYA ABNOUSSI DIRECTOR 1.00 X 0 0 0 JAKE JOHNSON DIRECTOR 1.00 X 0 0 0 BRAD KING DIRECTOR 1.00 X 0 0 0 JASON LAVENDER DIRECTOR 1.00 X 0 0 0 PRISCILLA MARTINEZ DIRECTOR 1.00 X 0 0 0 PRISCILLA JAMES DIRECTOR 1.00 X 0 0 0 GARY MYLES DIRECTOR 1.00 X 0 0 0 HECTOR SABIDO DIRECTOR 1.00 X 0 0 0 MITO DIAZ-ESPINOZA DIRECTOR 1.00 X 0 0 0 ANDREW SPRINGATE DIRECTOR 1.00 X 0 0 0 PAUL WARD DIRECTOR 1.00 X 0 0 0 ANGELO OCHOA DIRECTOR 1.00 X 0 0 0 FRANK ALEXANDER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER T DYER PRESIDENT/CEO 40.00 X 171570 0 13640 JEWELL ARMSTRONG JAN-MAR DIRECTOR OF FINANCE 40.00 X 28569 0 2192 200139 0 15832 1 0 1 0 0 11091 102054 1046513 1159658 MUSEUM ADMISSIONS 624100 2628972 2628972 ENTERPRISE PROGRAMS 541900 71815 71815 CONVENTIONS 900099 21354 21354 OTHER 900099 2400 2400 2724541 1773355 1773355 3400 0 3400 3400 3400 4051 0 4051 4051 3722948 1340243 2382705 2382705 MISCELLANEOUS OTHER INCOME 900099 27264 27264 MISCELLANEOUS 900099 2908 2908 GAIN(LOSS) SUBSIDIARY 900099 -49003 -49003 -18831 8028879 5137418 0 1731803 215970 20553 138316 57101 1647112 1245713 338499 62900 24443 16544 6703 1196 65776 48162 14647 2967 139849 95716 35366 8767 3405 3405 29562 1834 27323 405 35215 35215 37520 25173 11415 932 8775 8775 459733 298259 128034 33440 14064 9626 3557 881 849688 581545 214878 53265 19854 19854 74458 43972 30486 16118 8828 6481 809 MISCELLANEOUS 39561 3663 35898 DONOR BENEFITS 7190 7190 3688293 2399588 1050077 238628 1138500 3304949 463798 444026 136500 1463704 1115614 424408 348090 2164112 3431318 2407368 638750 975144 1269671 7573330 9573304 255793 248026 100 1184127 188657 1439920 436783 X 6133410 9136521 6133410 9136521 7573330 9573304 X 4340586 382140 -1719615 X X 0 1 X 1 0 X 250027 860587 1055298 1100022 1159658 4425592 816490 1488419 1469696 1998765 5107246 10880616 1066517 2349006 2524994 3098787 6266904 15306208 5750 16600 44019 32000 20000 118369 119478 599359 272033 41945 1032815 125228 16600 643378 304033 61945 1151184 14155024 -15138 873226 336321 837047 1678749 3710205 -15138 873226 336321 837047 1678749 3710205 789 169 5833 50510 2908 60209 1052168 3222401 2867148 3986344 7948561 19076622 0.74200 0.73230 0.19450 0.15860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 3110258 100 1300578 23692 4387244 2616855 7500 511555 25652 3110258 2773820 326000 -464207 18758 2616855 1975721 546200 271489 19590 2773820 1587415 238250 279854 129798 1975721 1.00000 1 0 1463704 1115614 348090 348090 638750 C 638750 WACO FOUNDATION ENDOWMENT 1051758 DUE FROM DP MUSEUM ENTERPRISES 70849 DUE FROM DPM ASSET MANAGEMENT 28230 OTHER RECEIVABLE 116285 EMPLOYEE RECEIVABLE 2549 1269671 DUE TO RELATED ENTITY - DP MUSEUM ENTERPRISES 19416 DUE TO RELATED ENTITY - DP ASSET MANAGEMENT 169241 188657 X PART III, LINE 1A: THE MUSEUM HAS ELECTED TO NOT CAPITALIZE THEIR COLLECTIBLE ITEMS AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASED COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE DR PEPPER MUSEUM HAS PERMANENT OWNERSHIP OF OBJECTS, ARTIFACTS, WRITTEN RECORDS, COMPUTER RECORDS, FILM, VIDEO, SOUND RECORDINGS, MACHINE-READABLE DATA AND OTHER MATERIALS, WHICH DOCUMENT, REFLECT AND AID IN UNDERSTANDING AND INTERPRETING THE SOFT DRINK INDUSTRY IN THE UNITED STATES, AND SPECIFICALLY THE BEVERAGE KNOWN AS DR PEPPER. THE MUSEUM COLLECTS MATERIALS RELEVANT TO ITS OWN HISTORY AND DEVELOPMENT. THE MUSEUM ALSO ACCEPTS MATERIALS RELATED TO FREE ENTERPRISE ECONOMICS AS IT RELATES TO THE HISTORY AND GROWTH OF THE SOFT DRINK INDUSTRY. ALL NEW COLLECTIONS ACQUIRED ARE SELECTED TO ENHANCE THE CULTURAL AND EDUCATIONAL VALUE OF THE MUSEUM'S EXHIBITIONS AND EDUCATIONAL PROGRAMS. PART V, LINE 4: THE PURPOSE OF THE MUSEUM'S PERMANENT AND QUASI-ENDOWMENT FUNDS IS TO PROVIDE OPERATING BUDGET SUPPORT FOR THE INSTITUTION. PART X, LINE 2: THE DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE IS AN ORGANIZATION GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), THOUGH IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES (UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC). DPM ASSET MANAGEMENT, INC. IS AN ORGANIZATION GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(2) OF THE IRC. THE DR. PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE AND DPM ASSET MANAGEMENT, INC. HAVE CONCLUDED THAT NO TAX BENEFITS OR LIABILITIES SHOULD BE RECOGNIZED IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("GAAP"). THE LAST THREE TAX YEARS REMAIN OPEN TO EXAMINATION BY TAXING AUTHORITIES. DP MUSEUM ENTERPRISES, INC. IS A C CORPORATION FOR FEDERAL INCOME TAX PURPOSES. PROVISIONS FOR INCOME TAXES ARE BASED ON TAXES PAYABLE OR REFUNDABLE FOR THE CURRENT YEAR AND DEFERRED TAXES ON TEMPORARY DIFFERENCES BETWEEN THE AMOUNT OF TAXABLE INCOME AND PRETAX FINANCIAL INCOME AND BETWEEN THE TAX BASES OF ASSETS AND LIABILITIES AND THEIR REPORTED AMOUNTS IN THE FINANCIAL STATEMENTS. DEFERRED TAX ASSETS AND LIABILITIES ARE INCLUDED IN THE COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS AT CURRENTLY ENACTED INCOME TAX RATES APPLICABLE TO THE PERIOD IN WHICH THE DEFERRED TAX ASSETS AND LIABILITIES ARE EXPECTED TO BE REALIZED OR SETTLED. AS CHANGES IN TAX LAWS OR RATES ARE ENACTED, DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED THROUGH THE PROVISION FOR INCOME TAXES. IN ADDITION, DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. THE CORPORATION DOES NOT HAVE UNCERTAIN TAX POSITIONS THAT ARE DEEMED MATERIAL AND DID NOT RECOGNIZE ANY ADJUSTMENTS FOR UNRECOGNIZED TAX BENEFITS. THE CORPORATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON INCOME TAXES IN OTHER NONINTEREST EXPENSES. THE CORPORATION REMAINS SUBJECT TO EXAMINATION FOR INCOME TAX RETURNS FOR THE PRIOR THREE YEARS. X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER T DYER PRESIDENT/CEO 171570 0 0 0 0 0 8702 0 4938 0 185210 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MUSEUM IS ORGANIZED AS A NON-PROFIT CORPORATION. MEMBERSHIP TO THE MUSEUM IS OPEN TO ANY PERSON INTERESTED IN SUPPORTING AND ASSISTING THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE MUSEUM ELECTS A BOARD OF DIRECTORS WITH A MINIMUM OF 17 AND MAXIMUM OF 30 AND THE OFFICERS OF THE BOARD AT THE QUARTER 4 MEETING OF THE BOARD. THE ADVISORY COUNCIL, WHO DO NOT HAVE VOTING RIGHTS, ARE ELECTED BY THE MEMBERS OF THE BOARD OF DIRECTORS TO SERVE A TWO YEAR TERM, AND VARY IN NUMBER FROM YEAR TO YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER AND APPROVED BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE ANNUAL DISCLOSURE FORMS WHICH ARE REVIEWED BY MUSEUM MANAGEMENT. APPROPRIATE ACTIONS ARE TAKEN WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEE COMPENSATION ARRANGEMENTS ARE BASED ON AN ANNUAL REVIEW. EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT. THE EXECUTIVE DIRECTOR, WHO IS ALSO INDEPENDENT, DETERMINES ALL OTHER EMPLOYEES' SALARIES. ALL SALARIES ARE BASED ON THE LOCAL EMPLOYMENT MARKET FOR SIMILAR JOBS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN EQUITY OF SUBSIDIARY -1,719,615. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DPM ASSET MANAGEMENT INC 300 S 5TH STREET WACO TX 76701 843891903 TITLE HOLDING COMPANY TX 501(C)(2) DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE 1 DP MUSEUM ENTERPRISES INC 300 S 5TH STREET WACO TX 76701 742595972 OPERATION OF GIFT SHOP TX DR PEPPER MUSEUM & FREE ENTERPRISE INSTITUTE INC C 1.00000 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 DP MUSEUM ENTERPRISES INC O 98980 ACTUAL COST DP MUSEUM ENTERPRISES INC Q 4522 ACTUAL COST DPM ASSET MANAGEMENT INC K 799224 DPM ASSET MANAGEMENT INC Q 10090 ACTUAL COST DPM ASSET MANAGEMENT INC L 76380 ACTUAL COST DPM ASSET MANAGEMENT INC P 24577 ACTUAL COST DPM ASSET MANAGEMENT INC R 76380 ACTUAL COST DP MUSEUM ENTERPRISES INC P 14441 ACTUAL COST SCHEDULE R, PART V, ITEM 2 ALL OTHER TRANSACTIONS A THROUGH P WITH RELATED ENTITY DP MUSEUM ENTERPRISES, INC. OR DPM ASSET MANAGEMENT, INC. NOT LISTED ON SCHEDULE R, PART V, ITEM 2, WERE LESS THAN $50,000.