Minnesota Genealogical Society
- Assets
- $1.8m
- Revenue
- $111.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Mendota Heights, MN
- Founding
- 12/1991
- Data as of
- 12/2023
- EIN
- 41-1298392
Organization Overview
Minnesota Genealogical Society is located in Mendota Heights, MN. The organization was established in 1991. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Minnesota Genealogical Society employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Minnesota Genealogical 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, Minnesota Genealogical Society generated $111.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $309.3k during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 9 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
PROVIDE GENEALOGICAL EDUCATION, PUBLISH GENEALOGICAL ARTICLES AND MATERIALS AND SUPPORT A GENEALOGICAL RESEARCH LIBRARY FOR GROUP MEMBERS AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENEALOGICAL JOURNALS, NEWSLETTERS AND WEB SITES PUBLISHED, INCLUDING HOW- TO ARTICLES, SEMINAR CLASSES AND OTHER RESOURCES. MAINTAIN A GENEALOGICAL LIBRARY HOUSING MATERALS FOR FAMILY HISTORY AND RESEARCH. PROVIDE CLASSES, CONFERENCES, SEMINARS AND OTHER TRAINING ON RESOURCES TO USE IN RESEARCHING FAMILY HISTORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirleen Hoffman President | Officer | 3 | $0 |
Lynn Tenney Vice Preside | Officer | 1 | $0 |
Denny Kalvig Treasurer | Officer | 10 | $0 |
Gary Ball-Kilbourne Secretary | Officer | 1 | $0 |
Denise Breault Director | Trustee | 1 | $0 |
Phil Dreyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,930 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,849 |
| Total Program Service Revenue | $31,110 |
| Investment income | $37,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,798 |
| 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 | $24,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,786 |
| Fees for services: Management | $17,725 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,286 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,863 |
| Information technology | $10,421 |
| Royalties | $0 |
| Occupancy | $108,465 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,879 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $865 |
| Insurance | $2,318 |
| All other expenses | $3,956 |
| Total functional expenses | $309,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,073 |
| 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 | $833 |
| Prepaid expenses and deferred charges | $581 |
| Net Land, buildings, and equipment | $610,038 |
| Investments—publicly traded securities | $1,141,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,787,186 |
| Accounts payable and accrued expenses | $6,308 |
| 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 | $6,308 |
| Net assets without donor restrictions | $1,780,878 |
| 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 | $1,787,186 |