Koochiching County Historical Society
- Assets
- $314.2k
- Revenue
- $206.7k
- Investments
- $0.0
- Employees
- 2
- Location
- International Falls, MN
- Founding
- 01/1958
- Data as of
- 12/2023
- EIN
- 41-0806250
Organization Overview
Koochiching County Historical Society is located in International Falls, MN. The organization was established in 1958. 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 12/2023, Koochiching County Historical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koochiching 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 12/2023, Koochiching County Historical Society generated $206.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $160.4k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLECT, PRESERVE, INTERPRET AND DISSEMINATE THE HISTORY OF KOOCHICHING COUNTY AND THE STATE OF MINNESOTA. OPERATE A HISTORY MUSEUM WHILE ALSO EDUCATING PEOPLE REGARDING LOCAL HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MUSUEM WHILE EDUCATING THE LOCAL RESIDENTS AND TOURISTS REGARDING THE UNIQUE HISTORY OF KOOCHICHING COUNTY MINNESOTA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Williams President | OfficerTrustee | $0 | |
Catherine Crawford Treasurer | OfficerTrustee | $0 | |
Lyndon Larsen Director | Trustee | $0 | |
Randy Pozniak Director | Trustee | $0 | |
Peggy Vigoren Director | Trustee | $0 | |
Ernie Tindell Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,450 |
| Related organizations | $0 |
| Government grants | $89,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,537 |
| Total Program Service Revenue | $10,008 |
| Investment income | $8,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $650 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,135 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,894 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,687 |
| 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 | $39,915 |
| Pension plan accruals and contributions | $4,212 |
| Other employee benefits | $3,327 |
| Payroll taxes | $5,952 |
| Fees for services: Management | $45,167 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,482 |
| Office expenses | $9,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,398 |
| 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 | $1,973 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,945 |
| All other expenses | $0 |
| Total functional expenses | $160,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,676 |
| Savings and temporary cash investments | $0 |
| 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 | $36,465 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $195,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $314,248 |
| Accounts payable and accrued expenses | $2,326 |
| 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 | $2,326 |
| Net assets without donor restrictions | $132,816 |
| Net assets with donor restrictions | $179,106 |
| 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 | $314,248 |