Dorothy Molter Memorial Foundation
- Assets
- $200.3k
- Revenue
- $151.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Ely, MN
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 41-1698884
Organization Overview
Dorothy Molter Memorial Foundation is located in Ely, MN. The organization was established in 1994. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Dorothy Molter Memorial Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dorothy Molter Memorial Foundation 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, Dorothy Molter Memorial Foundation generated $151.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $138.8k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DOROTHY MOLTER MUSEUM PRESERVES AND INTERPRETS NORTHWOODS WILDERNESS HERITAGE THROUGH LEARNING OPPORTUNITIES INSPIRED BY DOROTHY MOLTER, THE LAST NON-INDIGENOUS RESIDENT OF THE BOUNDARY WATERS CANOE AREA WILDERNESS (BWCAW)..
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTHOUGH PANDEMIC RESTRICTIONS LOOSENED, THE MUSEUM WAS AWARDED A PAYCHECK PROTECTION LOAN TO ALLOW FOR THE HIRING OF SEASONAL STAFF FOR THE SUMMER WHICH ALLOWED THE MUSEUM TO BEGIN TO OFFERED TOURS, SPECIALIZED SCHOOL/GROUP PROGRAMS, A WOMEN'S CANOE TRIP INTO THE BWCAW AND FREE COMMUNITY EVENTS SUCH AS WHIRLWIND IN 2021. THE MUSEUM RECEIVED 6,064 VISITORS DURING 2021. ALONG WITH PROGRAMMING FOR THE PUBLIC, THE MUSEUM COMPLETED A CAPITAL PROJECT IMPROVING THE INTEGRITY OF THE INTERPRETIVE CENTER FLOORING AND CREATING A MORE EFFICIENT CUSTOMER SERVICE LAYOUT THROUGH A GRANT FROM THE DEPT. OF IRON RANGE RESOURCES AND REHABILITATION.
UNTIL MARCH 2020 THE MUSEUM HELD ITS TRADITIONAL PROGRAM EVENTS: WHIRLWIND AND ITS ANNUAL FUNDRAISING DINNER. HOWEVER, AFTER THAT TIME, RELATED STATE AND FEDERAL GUIDELINES AND RESTRICTIONS SIGNIFICANTLY AFFECTED THE MUSEUM'S ABILITY TO OFFER ITS REMAINING SLATE OF ANNUAL PROGRAMMING AND WAS ONLY ABLE TO OFFER OFFER LIMITED TOURS BY RESERVATION. A PAYCHECK PROTECTION LOAN ENABLED THE MUSEUM TO RETAIN ITS THREE STAFF MEMBERS UNTIL REVENUE COULD BE GENERATED STARTING IN JUNE. ADDITIONAL EXPENSES TO ACCOMMODATE FOR COVID-19 HEALTH AND SAFETY REQUIREMENTS TO PHYSICAL SPACES WERE OFFSET BY CARES ACT FUNDING DISTRIBUTED AT THE LOCAL AND COUNTY LEVEL, AS WELL AS A SMALL GRANT THROUGH LAKE COUNTRY POWER TO INSTALL A NEW STAFF WORKSTATION TO MEET PHYSICAL DISTANCING REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Edberg Executive Director | 40 | $38,663 | |
Sherry Abts Secretary | OfficerTrustee | 2 | $0 |
Pam Brunfelt President | OfficerTrustee | 2 | $0 |
Gil Knight Vice President | OfficerTrustee | 2 | $0 |
Trudy Staubitz Director | Trustee | 2 | $0 |
Alyssa Nelson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,435 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,447 |
| Total Program Service Revenue | $26,946 |
| Investment income | $238 |
| 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 | $90,767 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,398 |
| 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. | $38,663 |
| Compensation of current officers, directors, key employees. | $11,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,287 |
| Office expenses | $4,221 |
| Information technology | $5,456 |
| Royalties | $0 |
| Occupancy | $23,067 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319 |
| Insurance | $2,329 |
| All other expenses | $1,843 |
| Total functional expenses | $138,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,289 |
| Savings and temporary cash investments | $39,987 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,977 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $60,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,329 |
| Accounts payable and accrued expenses | $2,667 |
| 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 | $6,734 |
| Total liabilities | $9,401 |
| Net assets without donor restrictions | $190,928 |
| 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 | $200,329 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dorothy Molter Memorial Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Putnam Museum And Science Center Davenport, IA | $12,236,666 | $5,417,637 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
Living History Farms Foundation Des Moines, IA | $16,358,279 | $3,488,331 |
National Music Museum Vermillion, SD | $15,649,509 | $3,706,421 |
Minnesota Masonic Historical Society And Museum Bloomington, MN | $21,958,017 | $92,192 |
Minnesota Marine Art Museum Winona, MN | $26,828,253 | $837,188 |
Deadwood History Inc Deadwood, SD | $2,336,299 | $1,550,471 |
Packers Heritage Inc Green Bay, WI | $657,435 | $1,483,448 |
Salisbury House Foundation Des Moines, IA | $11,060,982 | $836,584 |
Pabst Mansion Inc Milwaukee, WI | $6,070,527 | $1,044,515 |
Luxembourg American Cultural Society Inc Belgium, WI | $2,306,360 | $776,687 |