Valley Grove Preservation Society
- Assets
- $842.0k
- Revenue
- $396.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Nerstrand, MN
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 41-1464511
Organization Overview
Valley Grove Preservation Society is located in Nerstrand, MN. The organization was established in 1999. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Valley Grove Preservation Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE, REFURBISH, AND MAINTAIN BOTH THE 1862 STONE CHURCH AND THE 1894 WOOD CHURCH BY MEANS OF SKILLED LABOR AND ARTISANS GUIDED BY HIGH STANDARDS OF CARE. TO UNDERSTAND, RESPECT, AND COMMUNICATE THE HISTORIC LEGACIES ASSOCIATED WITH VALLEY GROVE AND HANDED DOWN FROM EARLY NORWEGIAN SETTLERS. TO MANAGE THE SURROUNDING 50 ACRES OF LAND USING THE BEST UNDERSTANDING OF HOW TO CREATE A LANDSCAPE THAT APPROXIMATES THAT EXPERIENCED BY THE EARLY NORWEGIAN SETTLERS. TO MAKE THE VALLEY GROVE SITE, AND SURROUNDING OAK SAVANNA AVAILABLE FOR BOTH PUBLIC AND PRIVATE USES COMPATIBLE WITH THE MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RESTORE, REFURBISH, AND MAINTAIN BOTH THE 1862 STONE CHURCH AND THE 1894 WOOD CHURCH. TO MANAGE THE SURROUNDING 50 ACRES OF LAND. TO MAKE THE VALLEY GROVE SITE, AND SURROUNDING OAK SAVANNA AVAILABLE FOR BOTH PUBLIC AND PRIVATE USES COMPATIBLE WITH RESPECT TO THE HISTROIC LEGACIES ASSOCIATED WITH THE VALLEY GROVE SITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margit Johnson Secretary | OfficerTrustee | 5 | $0 |
Rene Koester Board Member | Trustee | 2 | $0 |
Ed Muniak Board Member | Trustee | 1 | $0 |
Shawn Nuebel Board Member | Trustee | 2 | $0 |
Tedd Pederson Board Member | Trustee | 0.5 | $0 |
Dirk Peterson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,364 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,364 |
| Total Program Service Revenue | $8,233 |
| Investment income | $5,986 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,583 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $831 |
| 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 | $4,181 |
| Insurance | $546 |
| All other expenses | $625 |
| Total functional expenses | $9,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,619 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $290,398 |
| Investments—publicly traded securities | $381,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $842,005 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $460,017 |
| Net assets with donor restrictions | $381,988 |
| 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 | $842,005 |