Summit Heritage Foundation
- Assets
- $373.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 41-1587612
Organization Overview
Summit Heritage Foundation is located in Mankato, MN. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Heritage Foundation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Summit Heritage Foundation generated $63.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $68.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
RENTAL INCOME FROM A 501(C)(3) ORGANIZATION WAS USED TO MAINTAIN AND OPERATE A BUILDING FOR THAT OGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Zellmer President | 1 | $0 | |
Mike Lagerquist Vice President | 1 | $0 | |
Preston Doyle Secretary & Treasurer | 1 | $0 | |
Kevin Allen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $63,600 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,600 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $43,921 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,893 |
| Total expenses | $68,114 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,017 |
| Other assets | $0 |
| Total assets | $373,305 |
| Total liabilities | $0 |
| Net assets or fund balances | $373,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theodore Roosevelt Medora Foundation Medora, ND | $68,522,255 | $10,499,633 |
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $22,476,449 | $3,858,593 |
Midwest Art Conservation Center Inc Minneapolis, MN | $2,125,685 | $1,795,271 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |
Rethos Saint Paul, MN | $2,732,815 | $1,832,549 |
Two Rivers Historical Society Two Rivers, WI | $1,166,797 | $640,666 |
Milwaukee County Historical Society Milwaukee, WI | $3,176,056 | $1,183,454 |
Stearns County Historical Society Inc St Cloud, MN | $1,632,705 | $959,647 |
Four Mounds Foundation Dubuque, IA | $637,426 | $940,682 |