Olmsted County Historical Society

Organization Overview

Olmsted County Historical Society, operating under the name History Center Of Olmsted County, is located in Rochester, MN. The organization was established in 1945. 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, History Center Of Olmsted County employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. History Center Of Olmsted County 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, History Center Of Olmsted County generated $925.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $671.7k during the year ending 12/2021. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE AND SERVE THE PUBLIC AS THE LEADING HISTORICAL INSTITUTION IN OLMSTED COUNTY AND THE REGION BY CONNECTING THE PAST WITH THE FUTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A HISTORY CENTER CONTAINING EXHIBITS AND A RESEARCH LIBRARY.


HISTORICAL EDUCATIONAL AND ENTERTAINING PROGRAMS, EVENTS, AND INTERPRETATION OFFERED THROUGHOUT THE YEAR.


PRESERVATION AND INTERPRETATION OF ASSORTED HISTORIC PROPERTIES INCLUDING TWO ON THE NATIONAL REGISTER OF HISTORIC PLACES.


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Board, Officers & Key Employees

Name (title)Compensation
Wayne Gannaway
Executive Director
$64,719
Christine Rule
President
$0
Roger Stahl
Vice President
$0
Linda Willihnganz
Secretary
$0
Kyle Benish
Treasurer
$0
Dr Paul Scanlon
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$13,090
Fundraising events$9,829
Related organizations$0
Government grants $399,930
All other contributions, gifts, grants, and similar amounts not included above$325,976
Noncash contributions included in lines 1a–1f $5,489
Total Revenue from Contributions, Gifts, Grants & Similar$748,825
Total Program Service Revenue$126,986
Investment income $917
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,071
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 $12,760
Miscellaneous Revenue$0
Total Revenue $925,524

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Olmsted County Historical Society has recieved totaling $49,490.

Awarding OrganizationAmount
Rochester Area Foundation

Rochester, MN

PURPOSE: PROGRAM SUPPORT

$49,290
Seneca Foods Foundation

Fairport, NY

PURPOSE: GENERAL FUNDS

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,741
Ending Balance$6,741

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