Friends Of Hearthstone Inc
- Assets
- $1.1m
- Revenue
- $205.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Appleton, WI
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 39-1579731
Organization Overview
Friends Of Hearthstone Inc, operating under the name Hearthstone Historic House Museum, is located in Appleton, WI. The organization was established in 1987. 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, Hearthstone Historic House Museum employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearthstone Historic House Museum 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, Hearthstone Historic House Museum generated $205.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $212.0k during the year ending 12/2021. While expenses have increased by 18.4% 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
RESTORATION AND PRESERVATION OF HISTORIC VICTORIAN LANDMARK FOR THE PURPOSE OF EDUCATING THE PUBLIC ABOUT THE LOCAL HISTORY OF HEARTHSTONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, HEARTHSTONE PROVIDED INNOVATIVE, EDUCATIONAL PROGAMMING FOR CHILDREN AND ADULTS INCLUDING TOURS OF THE MUSEUM FOCUSING ON ITS ELECTRICAL HISTORY, PROGRAMMING FOR BLACK HISTORY MONTH, ON-SITE AND VIRTUAL TOURS FOR GRADE SCHOOL STUDENTS, INVENTION CONVENTION PROGRAMMING FOR K-12 STUDENTS ACROSS NORTHEASTERN WISCONSIN, HAUNTED TOURS AND EVENTS, AND VICTORIAN CHRISTMAS TOURS AND EVENTS. IN ADDITION, THE MUSEUM FEATURED PERMANENT EXHIBITS ON INVENTOR LEWIS LATIMER, ON VICTORIAN LAUNDRY PRACTICES, AND ON EACH OF THE FAMILIES THAT LIVED IN THE RESIDENCE PRIOR TO IT BECOMING A MUSEUM.ATTENDANCE REBOUNDED FROM 2020 WITH OVER 4900 GUESTS TOURING THE MUSEUM OR ATTENDING EVENTS. IN ADDITION, HEARTHSTONE HOSTED 800 STUDENTS VIRTUALLY FROM ACROSS THE STATE.AT THE SAME TIME, THE MUSEUM COMPLETED THE FINAL PHASE OF ITS THREE YEAR, TOP-TO-BOTTOM EXTERIOR RESTORATION OF THE RESIDENCE. ALL WORK WAS EXECUTED TO DEPARTMENT OF INTERIOR / NATIONAL PARK SERVICE STANDARDS. THE RESTORATION PROJECT WAS COMPLETED ON-TIME AND $40,000 UNDER BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Hoida Vice President & Director | OfficerTrustee | 1 | $0 |
Steve Jahnke Co-President & Treasurer | OfficerTrustee | 1 | $0 |
Antoinette Powell Co-President & Secretary | OfficerTrustee | 1 | $0 |
Maria Costello Director | Trustee | 1 | $0 |
Jesse Lockstein Director | Trustee | 1 | $0 |
Lisa Bennett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,165 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,331 |
| Total Program Service Revenue | $55,699 |
| Investment income | $849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $950 |
| Net Gain/Loss on Asset Sales | -$51 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,626 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,152 |
| 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 | $92,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,844 |
| Office expenses | $12,102 |
| Information technology | $1,722 |
| Royalties | $0 |
| Occupancy | $37,786 |
| 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 | $32,700 |
| Insurance | $8,581 |
| All other expenses | $2,052 |
| Total functional expenses | $211,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,609 |
| Savings and temporary cash investments | $159,758 |
| 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 | $2,600 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $570,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,587 |
| Total assets | $1,060,544 |
| Accounts payable and accrued expenses | $4,085 |
| 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 | $4,085 |
| Net assets without donor restrictions | $1,056,459 |
| 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 | $1,060,544 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Hearthstone Inc has recieved totaling $7,526.
| Awarding Organization | Amount |
|---|---|
Community Foundation For The Fox Valley Region Inc Appleton, WI PURPOSE: A82: HISTORICAL SOCIETIES & HISTORIC PRESERVATION | $7,526 |
Endowment Analysis
| Beg. Balance | $251,739 |
| Earnings | $27,848 |
| Ending Balance | $279,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Heritage Mark Foundation East Lansing, MI | $12,066,077 | $372,589 |
Detroit Historical Society Detroit, MI | $8,852,742 | $2,440,000 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Midwest Art Conservation Center Inc Minneapolis, MN | $2,125,685 | $1,795,271 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
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 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |