Goodhue County Historical Society
- Assets
- $1.4m
- Revenue
- $318.7k
- Investments
- $893.1k
- Employees
- 7
- Location
- Red Wing, MN
- Founding
- 10/1951
- Data as of
- 12/2021
- EIN
- 41-0713917
Organization Overview
Goodhue County Historical Society is located in Red Wing, MN. The organization was established in 1951. 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, Goodhue County Historical Society employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodhue 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 12/2021, Goodhue County Historical Society generated $318.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $287.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GOODHUE COUNTY HISTORICAL SOCIETY SERVES AS THE STEWARD FOR COUNTY HISTORY BY COLLECTING, PRESERVING, AND PROMOTING THE NATURAL AND CULTURAL HISTORY OF GOODHUE COUNTY AND ITS PEOPLE THROUGH EDUCATION AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOODHUE COUNTY HISTORICAL SOCIETY IS ORGANIZED FOR EDUCATIONAL OR SCIENTIFIC PURPOSES. THE PURPOSES RELATE TO THE DISCOVERY,PRESERVATION AND DISSEMINATION OF THE HISTORY OF GOODHUE COUNTY. THAT PURPOSE WAS ACCOMPLISHED FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Wipperling Executive Director | Officer | 40 | $55,114 |
Loren Evenrud Chair | OfficerTrustee | 1 | $0 |
Sarah Erickson Secretary | OfficerTrustee | 1 | $0 |
Roseanne Grosso Director | Trustee | 1 | $0 |
Paul Dortos County Commissioner Liaiso | Trustee | 1 | $0 |
Ken Roufs Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,249 |
| Fundraising events | $31,762 |
| Related organizations | $0 |
| Government grants | $127,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,156 |
| Total Program Service Revenue | $7,936 |
| Investment income | $21,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | -$187 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,748 |
| 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 | $148,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,140 |
| Payroll taxes | $12,655 |
| Fees for services: Management | $6,270 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,254 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,177 |
| Information technology | $7,563 |
| Royalties | $0 |
| Occupancy | $50,010 |
| Travel | $1,607 |
| 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 | $5,448 |
| Insurance | $12,930 |
| All other expenses | $2,239 |
| Total functional expenses | $287,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $442,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,979 |
| Prepaid expenses and deferred charges | $5,045 |
| Net Land, buildings, and equipment | $27,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $893,127 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,400,627 |
| Accounts payable and accrued expenses | $2,838 |
| 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 | $2,838 |
| Net assets without donor restrictions | $1,393,846 |
| Net assets with donor restrictions | $3,943 |
| 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 | $1,400,627 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Goodhue County Historical Society has recieved totaling $68,377.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $64,864 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: ARTS AND CULTURE GRANT | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theodore Roosevelt Medora Foundation Medora, ND | $68,522,255 | $10,499,633 |
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $22,476,449 | $3,858,593 |
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 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |
Rethos Saint Paul, MN | $2,732,815 | $1,832,549 |
Two Rivers Historical Society Two Rivers, WI | $1,166,797 | $640,666 |
Milwaukee County Historical Society Milwaukee, WI | $3,176,056 | $1,183,454 |
Stearns County Historical Society Inc St Cloud, MN | $1,632,705 | $959,647 |
Four Mounds Foundation Dubuque, IA | $637,426 | $940,682 |