Sisu Heritage Inc
- Assets
- $595.8k
- Revenue
- $24.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Embarrass, MN
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 41-1597568
Organization Overview
Sisu Heritage Inc is located in Embarrass, MN. The organization was established in 1990. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Sisu Heritage Inc 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 12/2021, Sisu Heritage Inc generated $24.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $10.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE EMBARRASS REGION BY PRESERVING AND SHARING ITS UNIQUE CULTURE, CLIMATE AND HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORED HISTORICAL COLLECTIONS AS WELL AS SHARED THOSE UNIQUE COLLECTIONS THROUGH PUBLIC DISPLAYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlin Bjornrud President | Trustee | 1 | $0 |
Ron Sutton Board Member | Trustee | 1 | $0 |
Heather Mahoney Board Member | Trustee | 1 | $0 |
David Pike Board Member | Trustee | 1 | $0 |
Cindy Scherer Treasurer | Trustee | 1 | $0 |
Kathy Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,310 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,082 |
| Total Program Service Revenue | $0 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,705 |
| 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 | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $140 |
| Office expenses | $144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,188 |
| 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 | $446 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,850 |
| Savings and temporary cash investments | $57,572 |
| 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 | $3,977 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $508,700 |
| Total assets | $595,772 |
| Accounts payable and accrued expenses | $2,336 |
| 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 | $2,336 |
| Net assets without donor restrictions | $593,436 |
| 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 | $595,772 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sisu Heritage Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Ak Steel Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Swedish Institute Minneapolis, MN | $53,674,080 | $22,744,075 |
First Peoples Fund Rapid City, SD | $11,478,942 | $11,058,456 |
Coalition Of Asian American Leaders St Paul, MN | $4,205,998 | $3,284,074 |
National Native American Boarding School Healing Coalition Minneapolis, MN | $8,382,833 | $1,366,565 |
Black Hills Badlands & Lakes Association Rapid City, SD | $1,241,083 | $1,774,171 |
The Germanic-American Institute St Paul, MN | $1,003,743 | $1,467,088 |
Blackhawks Of St Paul St Paul, MN | $194,784 | $1,434,871 |
Native American Community Development Institute Minneapolis, MN | $2,572,714 | $2,143,377 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |
Pella Historical Society Pella, IA | $6,258,526 | $1,077,939 |
Ka Joog Non Profit Organization Minneapolis, MN | $518,800 | $1,454,173 |
Norway House Minneapolis, MN | $14,269,923 | $2,850,328 |