Iroquois County Historical Society
- Assets
- $1.2m
- Revenue
- $636.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Watseka, IL
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 37-6075732
Organization Overview
Iroquois County Historical Society is located in Watseka, IL. The organization was established in 1967. 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. Iroquois 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, Iroquois County Historical Society generated $636.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $202.2k during the year ending 12/2022. While expenses have increased by 7.2% 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
PRESERVE 1866 LANDMARK COURTHOUSE AS WELL AS PROMOTING AND PRESERVING LOCAL HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT GENEALOGY RESEARCH FOR INDIVIDUALS AND ASSIST OTHERS WITH THEIR RESEARCH; PROVIDE AND STORE INFORMATION AND MATERIALS FOR RESEARCH. WE SERVED 632 PEOPLE VIA EMAILS, WEB SITE, LETTERS AND PERSONAL VISITS, PROVIDING COPIES OF RECORDS, OBITUARIES, ETC.
PUT ON PROGRAMS COVERING TOPICS RELEVANT TO SOCIETY PATRONS: "ONE-ON-ONE" WORKSHOPS FOR GENEALOGICAL RESEARCH, CONDUCTED A LOCAL CEMETERY WALK, HOSTED PROGRAMS ON DOING GENEALOGY RESEARCH AND ON A FORMER US PRESIDENT.
OPERATING AND MAINTAINING THE HISTORICAL BUILDING WHILE MAINTAINING AND DISPLAYING MEMORABILIA OF LOCAL HISTORY. APPROXIMATELY 300 VISITORS CAME THROUGH THE MUSEUM DURING THE YEAR, DOWN CONSIDERABLY DUE TO THE PANDEMIC. BUILDING IS USUALLY OPEN MONDAY THROUGH FRIDAY, SIX HOURS PER DAY, AS WELL AS THE FIRST SUNDAY OF THE MONTH FOR THREE HOURS, HOWEVER WE WERE CLOSED FOR SEVERAL MONTHS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Bowers Acting Secretary | Officer | 12 | $0 |
Susan Bence Board Member | Trustee | 2 | $0 |
Mitchell Bence Board Member | Trustee | 3 | $0 |
Albert Day Board Member | Trustee | 4 | $0 |
Jonathan Lesage Board Member | Trustee | 1 | $0 |
Kim Rabe Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,265 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,527 |
| Total Program Service Revenue | $28,370 |
| Investment income | $3,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,773 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,654 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,621 |
| 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. | $9,518 |
| Compensation of current officers, directors, key employees. | $952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $19,474 |
| Information technology | $7,621 |
| Royalties | $0 |
| Occupancy | $152,357 |
| 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 | $3,893 |
| All other expenses | $0 |
| Total functional expenses | $202,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210 |
| Savings and temporary cash investments | $1,169,719 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,169,929 |
| Accounts payable and accrued expenses | -$5,421 |
| 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 | -$5,421 |
| Net assets without donor restrictions | $1,001,308 |
| Net assets with donor restrictions | $174,042 |
| 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 | $1,169,929 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Iroquois County Historical Society has recieved totaling $37,250.
| Awarding Organization | Amount |
|---|---|
Paul & Norma Schaumburg Charitable Tr Milford, IL PURPOSE: BUILDING MAINTENANCE | $21,800 |
Arthur & Gesena Griffin Tr North Manchester, IN PURPOSE: REPAIR/REPLACE STONE & BRICK | $8,000 |
Iroquois Federal Foundation Inc Watseka, IL PURPOSE: REPAIRS TO MUSEUM | $5,000 |
Mary Helen Roberts Tr Dated October 15 1993 Watseka, IL PURPOSE: MAINTENANCE ISSUES | $2,450 |
Endowment Analysis
| Beg. Balance | $266,055 |
| Net Contributions | $171,600 |
| Other Expense | $146,360 |
| Ending Balance | $291,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Truck Historical Society Kansas City, MO | $4,869,322 | $1,570,216 |
Two Rivers Historical Society Two Rivers, WI | $1,166,797 | $640,666 |
Naperville Heritage Society Naperville, IL | $6,253,015 | $1,941,330 |