Blue Earth County Historical Society
- Assets
- $2.1m
- Revenue
- $485.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Mankato, MN
- Founding
- 12/1973
- Data as of
- 12/2022
- EIN
- 23-7289370
Organization Overview
Blue Earth County Historical Society is located in Mankato, MN. The organization was established in 1973. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Blue Earth County Historical Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Earth County Historical Society 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, Blue Earth County Historical Society generated $485.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $438.7k during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
SEE PAGE 2, PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLUE EARTH COUNTY HISTORICAL SOCIETY OPERATES TWO FACILITIES. ONE FEATURES A MUSEUM, RESEARCH CENTER AND STORAGE OF THE SOCIETY'S COLLECTIONS. THE OTHER IS A RESTORED HISTORIC HOUSE MUSEUM. BOTH FACILITIES ARE OPEN FOR PUBLIC TOURS, INTERACTIVE PROGRAMMING, AND HISTORICAL AND GENEALOGICAL AND GENERAL SOCIETY BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikolas Proehl Chair | Officer | 1 | $0 |
Kristin Fisher Vice Chair | Officer | 1 | $0 |
Steve Jameson Treasurer | Officer | 1 | $0 |
Gayle Elston Secretary | Officer | 1 | $0 |
Jo Guck Bailey Trustee | Trustee | 1 | $0 |
Katherine Hughes Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,005 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,139 |
| Total Program Service Revenue | $56,044 |
| Investment income | $9,230 |
| 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 | $11,808 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $485,751 |
| 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 | $173,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,086 |
| Payroll taxes | $23,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,137 |
| Fees for services: Other | $2,525 |
| Advertising and promotion | $2,402 |
| Office expenses | $65,822 |
| Information technology | $787 |
| Royalties | $0 |
| Occupancy | $69,981 |
| 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 | $17,015 |
| Insurance | $0 |
| All other expenses | $845 |
| Total functional expenses | $438,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,172 |
| Savings and temporary cash investments | $85,622 |
| Pledges and grants receivable | $0 |
| 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 | $669,549 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $315,788 |
| Investments—publicly traded securities | $772,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,056,800 |
| Accounts payable and accrued expenses | $26,538 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,538 |
| Net assets without donor restrictions | $1,699,918 |
| Net assets with donor restrictions | $330,344 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,056,800 |