Midwest Lumber Museum Inc
- Assets
- $7.1m
- Revenue
- $298.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Clinton, IA
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 20-5989559
Organization Overview
Midwest Lumber Museum Inc, operating under the name The Sawmill Museum, is located in Clinton, IA. The organization was established in 2009. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Sawmill Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sawmill Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sawmill Museum generated $298.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $185.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AN INTERACTIVE, EDUCATIONAL, CULTURAL MUSEUM THAT CELEBRATES THE RICH HISTORY OF THE SAWMILL AREA PAST AND PRESENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM FEATURES DYNAMIC EXHIBITS, PROGRAMS, AND EVENTS THAT EXPLORE THE HISTORY OF AMERICA'S SAWMILL, LUMBER, AND FORESTRY INDUSTRIES, THEIR CURRENT PRACTICES, AND FUTURE OPPORTUNITIES AND CHALLENGES. THE MUSEUM HAD OVER 6200 VISITORS FOR THE YEAR ENDED 2014. THE MUSEUM FEATURES A LUMBERJACK CAMP FOR KIDS,STRUVE MILL EQUIMENT, A WORKING SAWMILL AND OTHER EXHIBITS. THE MUSEUM ALSO HELD PROGRAMS ON WOODCRAFTS, CRAFTS AND THE "LUMBER BARONS". SCHOOLS ALSO SPONSORED FIELD TRIPS TO THE MUSEUM.
LUMBERJACK FESTIVAL. EDUCATES THE VISITORS ON WHAT THE LUMBERJACKS DID BY THE ACTIVITIES THAT DAY AND THE DANGER OF THEIR JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Alt Board Member | Trustee | $0 | |
Joe Buikema Board Member | Trustee | $0 | |
Peter Clausen Board Member | Trustee | $0 | |
Eddie Dunham Board Member | Trustee | $0 | |
Ann Eisenman Board Member | Trustee | $0 | |
Bob Holesinger Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,553 |
| Noncash contributions included in lines 1a–1f | $35,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,553 |
| Total Program Service Revenue | $111,468 |
| Investment income | $35,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,287 |
| Advertising and promotion | $20,849 |
| Office expenses | $5,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,743 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,693 |
| All other expenses | $0 |
| Total functional expenses | $184,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,016 |
| Savings and temporary cash investments | $435,338 |
| Pledges and grants receivable | $4,417 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,682,342 |
| Investments—publicly traded securities | $767,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,091,598 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,275 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $383,400 |
| Other liabilities | $0 |
| Total liabilities | $385,675 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,705,923 |
| Total liabilities and net assets/fund balances | $7,091,598 |