Minnesota Museum Of Mining
- Assets
- $138.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chisholm, MN
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 41-0773295
Organization Overview
Minnesota Museum Of Mining is located in Chisholm, MN. The organization was established in 1957. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Minnesota Museum Of Mining 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, Minnesota Museum Of Mining generated $78.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $64.4k during the year ending 12/2022. While expenses have increased by 5.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FACILITY IS A MUSEUM. ITEMS ON DISPLAY ARE RELATED TO THE IRON MINING INDUSTRYIN NORTHERN MINNESOTA. THIS PROVIDES EDUCATION AND UNDERSTANDING AS TO HOWTHE MINING INDUSTRY WAS FORMED AND HOW IT OPERATED. TOTAL ATTENDANCE IN 2022 WAS 4553.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Palmquist President | 7.3 | $0 | |
Mary Bovitz Vice President | 1 | $0 | |
Carol Borich Treasurer | 13.9 | $0 | |
Dennis Borich Director | 4.9 | $0 | |
Beverly Brown Director | 0.24 | $0 | |
Tim Sullivan Director | 1.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,660 |
| Total Program Service Revenue | $18,483 |
| Membership dues | $2,280 |
| Investment income | $77 |
| Gain or Loss | $150 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,954 |
| Total Revenue | $78,873 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,208 |
| Professional fees and other payments to independent contractors | $3,700 |
| Occupancy, rent, utilities, and maintenance | $7,901 |
| Printing, publications, postage, and shipping | $1,548 |
| Other expenses | $36,092 |
| Total expenses | $64,449 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,917 |
| Other assets | $0 |
| Total assets | $138,674 |
| Total liabilities | $0 |
| Net assets or fund balances | $138,674 |