Bishop Hill Heritage Association
- Assets
- $1.8m
- Revenue
- $599.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Bishop Hill, IL
- Founding
- 01/1966
- Data as of
- 12/2023
- EIN
- 36-2688618
Organization Overview
Bishop Hill Heritage Association is located in Bishop Hill, IL. The organization was established in 1966. 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 12/2023, Bishop Hill Heritage Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop Hill Heritage Association 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 12/2023, Bishop Hill Heritage Association generated $599.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $515.9k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE COLONY CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MUSEUM SERVICES TO PRESERVE AND EDUCATE INTERESTED TOURISTS ON THE BISHOP HILL COLONY HISTORY AND CULTURE. TOURS ARE PROVIDED & THE MUSEUM IS OPEN TO THE PUBLIC.
PROMOTE TOURISM AND COLONY CRAFTS, LITERATURE ON THE COLONY, ETC. THROUGH SALES AT THE COLONY STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kersten Lane Director | Trustee | 1 | $0 |
Bette Themanson Director | Trustee | 1 | $0 |
Vicki Massie Treasurer | OfficerTrustee | 2 | $0 |
Cheryl Dowell Secretary | OfficerTrustee | 2 | $0 |
James Asplund Director | Trustee | 1 | $0 |
Jane Tornquist Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,921 |
| Fundraising events | $3,398 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,480 |
| Total Program Service Revenue | $5,858 |
| Investment income | $14,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,506 |
| 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 | $163,152 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,861 |
| 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 | $128,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,686 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,625 |
| Travel | $880 |
| 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 | $101,800 |
| Insurance | $18,423 |
| All other expenses | $40,878 |
| Total functional expenses | $515,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $381,409 |
| 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 | $66,783 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,085,200 |
| Investments—publicly traded securities | $265,329 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,798,721 |
| Accounts payable and accrued expenses | $20,183 |
| Grants payable | $0 |
| Deferred revenue | $13,060 |
| 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 | $33,243 |
| Net assets without donor restrictions | $428,009 |
| Net assets with donor restrictions | $1,337,469 |
| 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 | $1,798,721 |