Becker County Historical Society
- Assets
- $1.9m
- Revenue
- $4.0m
- Investments
- $279.1k
- Employees
- 4
- Location
- Detroit Lakes, MN
- Founding
- 12/1972
- Data as of
- 12/2022
- EIN
- 41-0873609
Organization Overview
Becker County Historical Society is located in Detroit Lakes, MN. The organization was established in 1972. 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 12/2022, Becker County Historical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Becker 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 12/2022, Becker County Historical Society generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.4% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 46.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A COUNTY HISTORICAL SOCIETY AND MUSEUM WHICH PRODUCES EXHIBITS PROMOTING LOCAL HISTORY; MANAGES A LIBRARY RELATING TO LOCAL HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED & IMPROVED LOCAL HISTORICAL RESOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Bly President | OfficerTrustee | 2 | $0 |
John Wood Vice Preside | OfficerTrustee | 2 | $0 |
Brooke Wenzel Treasurer | OfficerTrustee | 2 | $0 |
Rebecca Mitchell Executive Di | Officer | 40 | $0 |
Jason Bristlin Director | Trustee | 2 | $0 |
Gerry Schram Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,850,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,948,455 |
| Total Program Service Revenue | $36,036 |
| Investment income | $335 |
| 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 | -$3,797 |
| Net Income from Sales of Inventory | $14,421 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,995,450 |
| 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. | $61,274 |
| Compensation of current officers, directors, key employees. | $6,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,598 |
| Office expenses | $4,333 |
| Information technology | $4,494 |
| Royalties | $0 |
| Occupancy | $12,807 |
| 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 | $5,080 |
| Insurance | $7,010 |
| All other expenses | $2,187 |
| Total functional expenses | $3,960,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $633,540 |
| Accounts receivable, net | $3,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,106 |
| Prepaid expenses and deferred charges | $5,431 |
| Net Land, buildings, and equipment | $87,801 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $279,099 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,904,110 |
| Accounts payable and accrued expenses | $0 |
| 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 | $25,621 |
| Total liabilities | $25,621 |
| Net assets without donor restrictions | $1,878,489 |
| 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 | $1,904,110 |