Garfield Heritage Society Inc
- Assets
- $1.4m
- Revenue
- $147.8k
- Investments
- $0.0
- Employees
- 1
- Location
- LaFox, IL
- Founding
- 12/1977
- Data as of
- 12/2023
- EIN
- 36-2943960
Organization Overview
Garfield Heritage Society Inc is located in LaFox, IL. The organization was established in 1977. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garfield Heritage Society Inc 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, Garfield Heritage Society Inc generated $147.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $193.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A HISTORICAL AND EDUCATION AGENCY. PRESERVATION, RESTORATION AND INTERPRETATION OF THE CULTURAL, AGRICULTURAL AND ENVIRONMENTAL HERITAGE OF NORTHERN ILLINOIS, IN PARTICULAR USING GARFIELD FARM AS A WORKING FARM MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH OF 1840S NORTHERN ILLINOIS PRAIRIE AND NEW ENGLAND SETTLERS, TOURS AND SPECIAL EVENTS TO PROVIDE HANDS ON EXPERIENCES, PRAIRIE & WETLANDS, GARDEN SEMINARS, LECTURES, RARE BREEDS & HEIRLOOM GARDEN EXHIBITS, WOODWORKING SEMINARS, HISTORIC FARMING AND BLACKSMITHING SEMINARS, DANCE, MUSIC, OFF SITE LECTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Morton Lloyd President | Trustee | 3 | $0 |
Donna Neiler Secretary | Trustee | 1 | $0 |
Marty Germann Director | Trustee | 1 | $0 |
Sally Gange Director | Trustee | 1 | $0 |
Christa Thurman Sala Vice President | Trustee | 1 | $0 |
Jerome Johnson Executive Director | Officer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,470 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,155 |
| Noncash contributions included in lines 1a–1f | $12,978 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,625 |
| Total Program Service Revenue | $9,823 |
| Investment income | $32,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,769 |
| 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 | $48,099 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,635 |
| Payroll taxes | $3,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,538 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,037 |
| 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 | $14,426 |
| All other expenses | $35,046 |
| Total functional expenses | $193,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,416 |
| Savings and temporary cash investments | $20,414 |
| 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 | $40,000 |
| Investments—publicly traded securities | $1,269,336 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,351,166 |
| Accounts payable and accrued expenses | $3,337 |
| 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 | $3,337 |
| Net assets without donor restrictions | $1,271,677 |
| Net assets with donor restrictions | $76,152 |
| 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 | $1,351,166 |