New Harmony Workingmens Institute
- Assets
- $4.4m
- Revenue
- $740.0k
- Investments
- $0.0
- Employees
- 5
- Location
- New Harmony, IN
- Founding
- 10/1953
- Data as of
- 12/2021
- EIN
- 35-0921699
Organization Overview
New Harmony Workingmens Institute is located in New Harmony, IN. The organization was established in 1953. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, New Harmony Workingmens Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Harmony Workingmens Institute 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, New Harmony Workingmens Institute generated $740.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $307.5k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PUBLIC LIBRARY & EDUCATIONAL SERVICES TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Cullum Secretary | OfficerTrustee | $0 | |
Nathan Maudlin Vice Preside | OfficerTrustee | $0 | |
Connie Weinzapfel Treasurer | OfficerTrustee | $0 | |
Fred Frayser President | OfficerTrustee | $0 | |
Tamara Allison Trustee | Trustee | $0 | |
Steve Angel Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $370 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $223,442 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,263 |
| Total Program Service Revenue | $0 |
| Investment income | $64,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $36 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $338,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,003 |
| 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 | $97,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,884 |
| Payroll taxes | $8,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,198 |
| Fees for services: Other | $2,068 |
| 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 | $22,424 |
| Insurance | $0 |
| All other expenses | $75,699 |
| Total functional expenses | $307,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,348 |
| Savings and temporary cash investments | $513,755 |
| 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 | $651,999 |
| Investments—publicly traded securities | $2,865,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,357,882 |
| Accounts payable and accrued expenses | $445 |
| 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 | $2,898 |
| Total liabilities | $3,343 |
| 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 | $4,354,539 |
| Total liabilities and net assets/fund balances | $4,357,882 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Harmony Workingmens Institute has recieved totaling $63,500.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Match Challenge support | $50,000 |
Indiana Historical Society Indianapolis, IN PURPOSE: HSG GRANTS | $13,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Poetry Foundation Chicago, IL | $341,014,923 | $70,333,831 |
Loretto Literary & Benevolent Institution Nerinx, KY | $3,723,243 | $10,897,100 |
Illinois Humanities Council Incorporated Chicago, IL | $2,155,468 | $4,480,636 |
Theosophical Society In America Wheaton, IL | $22,823,765 | $2,640,124 |
Latinos Progresando Chicago, IL | $6,508,796 | $5,179,126 |
American Writers Museum Chicago, IL | $5,150,018 | $2,061,086 |
Missouri Humanities Council St Charles, MO | $2,269,660 | $3,215,573 |
Missouri Automobile Dealers Association Jefferson City, MO | $2,471,878 | $1,969,248 |
Wisconsin Humanities Council Madison, WI | $372,757 | $2,007,119 |
The Clearing Ellison Bay, WI | $3,923,723 | $2,072,867 |
Wisconsin Academy Of Sciences Arts & Letters Madison, WI | $712,983 | $792,015 |
Indianapolis Theatre Fringe Festival Inc Indianapolis, IN | $1,327,063 | $667,100 |