Frankenmuth Historical Association
- Assets
- $1.3m
- Revenue
- $393.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Frankenmuth, MI
- Founding
- 01/1963
- Data as of
- 12/2021
- EIN
- 38-6078011
Organization Overview
Frankenmuth Historical Association is located in Frankenmuth, MI. The organization was established in 1963. 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 12/2021, Frankenmuth Historical Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankenmuth Historical 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 12/2021, Frankenmuth Historical Association generated $393.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $423.9k during the year ending 12/2021. While expenses have increased by 5.1% 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
PROMOTING THE KNOWLEDGE AND APPRECIATION OF THE LOCAL HERITAGE AMONG THE CITIZENS OF FRANKENMUTH, MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OWNERSHIP AND OPERATION OF A HISTORICAL MUSEUM TO ADEQUATELY HOUSE THE ASSOCIATION'S COLLECTIONS, WHICH ARE DEEMED TO BE OF HISTORIC VALUE, TO PRESERVE FOR THE INTEREST OF PRESENT AND FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Chapman Executive Di | Officer | 40 | $50,175 |
Christie Bierlein Vice Preside | OfficerTrustee | 1 | $0 |
Travis Dafoe President | OfficerTrustee | 1 | $0 |
Tricia Peyok Treasurer | OfficerTrustee | 1 | $0 |
Jerry Kabat Secretary | OfficerTrustee | 1 | $0 |
Patrick Burris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,329 |
| Fundraising events | $93,704 |
| Related organizations | $0 |
| Government grants | $89,631 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,237 |
| Total Program Service Revenue | $49,640 |
| Investment income | $548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,547 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,279 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,887 |
| 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. | $51,681 |
| Compensation of current officers, directors, key employees. | $15,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,577 |
| Pension plan accruals and contributions | $718 |
| Other employee benefits | $14,968 |
| Payroll taxes | $15,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $900 |
| Office expenses | $3,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,161 |
| Travel | $332 |
| 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 | $66,048 |
| Insurance | $16,206 |
| All other expenses | $1,764 |
| Total functional expenses | $423,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479 |
| Savings and temporary cash investments | $316,074 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,739 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,605 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $666,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280,658 |
| Total assets | $1,306,546 |
| Accounts payable and accrued expenses | $18,979 |
| 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 | $18,979 |
| Net assets without donor restrictions | $1,287,567 |
| 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 | $1,306,546 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Frankenmuth Historical Association has recieved totaling $167,069.
| Awarding Organization | Amount |
|---|---|
The Frankenmuth Community Foundation Inc Frankenmuth, MI PURPOSE: GRANT FOR PROJECTS | $73,178 |
Historical Society Of Saginaw County Inc Saginaw, MI PURPOSE: SUPPORT & ASSISTANCE | $50,375 |
Saginaw Community Foundation Saginaw, MI PURPOSE: DISTRIBUTION | $25,630 |
Credit Unions Chartered In The State Of Michigan Frankenmuth, MI PURPOSE: COMMUNITY SUPPORT | $15,800 |
Wallace And Irene Bronner Family Charitable Foundation Frankenmuth, MI PURPOSE: GENERAL UNRESTRICTED | $1,000 |
Wallace And Irene Bronner Family Charitable Foundation Frankenmuth, MI PURPOSE: GENERAL UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $264,885 |
| Earnings | $32,376 |
| Admin Expense | $4,565 |
| Other Expense | $12,038 |
| Ending Balance | $280,658 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Mark Foundation East Lansing, MI | $12,066,077 | $372,589 |
Detroit Historical Society Detroit, MI | $8,852,742 | $2,440,000 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |
Historical Society Of Michigan Lansing, MI | $2,060,475 | $1,664,694 |
Michigan State Tr For Railway Pres Inc Owosso, MI | $6,031,068 | $2,296,352 |
Historical Society Of Saginaw County Inc Saginaw, MI | $1,645,608 | $1,278,498 |
Stark County Historical Society Canton, OH | $9,332,303 | $1,047,258 |