West Liberty Heritage Foundation
- Assets
- $851.0k
- Revenue
- $56.6k
- Investments
- $0.0
- Employees
- 0
- Location
- West Liberty, IA
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 31-1633968
Organization Overview
West Liberty Heritage Foundation is located in West Liberty, IA. The organization was established in 1999. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Liberty Heritage Foundation 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 12/2021, West Liberty Heritage Foundation generated $56.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $32.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION OF OLD TRAIN DEPOT COMPLETE CURRENT ORGANIZATION PURPOSE IS TO PROVIDE PERPETUAL UPKEEP OF THE BUILDING AND GROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION OF HISTORIC TRAIN DEPOT COMPLETE CURRENT ORGANIZATION PURPOSE IS TO PROVIDE PERPETUAL UPKEEP OF THE BUILDING AND GROUNDS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Carey Vice President | Officer | 5 | $0 |
Gertrude Nath President | Officer | 5 | $0 |
Cindy Wilson Secretary | Officer | 5 | $0 |
Clifford Mcferren Treasurer | Officer | 5 | $0 |
Deborah Wilson Director | Trustee | 5 | $0 |
Michael Mccoy Director | Trustee | 5 | $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 | $29,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,105 |
| Total Program Service Revenue | $0 |
| Investment income | $25,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,640 |
| 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 | $56,637 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $16,692 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,964 |
| Savings and temporary cash investments | $317,497 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $528,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $851,029 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $851,029 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $851,029 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that West Liberty Heritage Foundation has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
H Filmore And Marjory M Melick Foundation West Liberty, IA PURPOSE: FOR EXEMPT PURPOSES | $5,000 |
Martin D And Barbara H Rich Family Charitable Foundation Davenport, IA PURPOSE: OPERATING NEEDS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Putnam Museum And Science Center Davenport, IA | $12,236,666 | $5,417,637 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
Living History Farms Foundation Des Moines, IA | $16,358,279 | $3,488,331 |
National Music Museum Vermillion, SD | $15,649,509 | $3,706,421 |
Stuhr Museum Of The Prairie Pioneer Grand Island, NE | $6,589,907 | $1,816,416 |
Minnesota Masonic Historical Society And Museum Bloomington, MN | $21,958,017 | $92,192 |
Minnesota Marine Art Museum Winona, MN | $26,828,253 | $837,188 |
Joliet Area Historical Museum Joliet, IL | $1,772,872 | $1,152,214 |
Elawa Farm Foundation Lake Forest, IL | $1,893,992 | $1,361,099 |
Deadwood History Inc Deadwood, SD | $2,336,299 | $1,550,471 |