In July 2005, an article in the Washington Daily News suggested that the Academy building, built in 1877, might be sold or destroyed. In August 2005, a massive clean-up project of the neglected building began. At the same time, and beginning with the August 2005 meeting, a re-organization of the alumni association occurred and on February 25, 2007, the alumni association became known as the Pantego Museum.
The Pantego Museum is a 501(c) (3) non-profit organization. The stated purposes of the association according to its by-laws are the preservation of the original Pantego Museum building; collecting and preserving Pantego High School memorabilia; establishing a Pantego area historical museum; and assisting in local preservation.