Martin County Preservation Association
- Assets
- $811.6k
- Revenue
- $180.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Fairmont, MN
- Founding
- 11/1998
- Data as of
- 05/2022
- EIN
- 41-1728361
Organization Overview
Martin County Preservation Association is located in Fairmont, MN. The organization was established in 1998. As of 05/2022, Martin County Preservation Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin County Preservation Association 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 05/2022, Martin County Preservation Association generated $180.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $128.0k during the year ending 05/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE HISTORY AND PROMOTE ARTS IN THE COMMUNITY BY HIRING OUTSIDE ARTISTS FOR PERFORMANCES, SPONSORING ART CLASSES AND EXHIBITS, AND PRESERVING HISTORIC STRUCTURES FOR THE PUBLIC TO VIEW AND ENJOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING AND VISUAL ARTIST FEES: THIS IS THE COST OF HIRING OUTSIDE ARTISTS TO COME TO THE CENTER FOR PERFORMANCES FOR THE PUBLIC TO ENJOY. THE RED ROCK CENTER ALSO SPONSORS ART CLASSES AND EXHIBITS FOR THE PUBLIC TO PARTICIPATE IN AND VIEW AND ENJOY. THE RED ROCK CENTER IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES AND TOURS ARE AVAILABLE.
EVENT COSTS OF MUSIC, FOOD, AND ADVERTISING: THESE EXPENSES COVER THE COST OF EACH EVENT AND SEAT APPROXIMATELY 30-200 PEOPLE DEPENDING UPON THE EVENT AND THE UPPER OR LOWER LEVELS OF SEATING. LUNCH WITH THE ARTS IS HELD MONTHLY FOR PEOPLE OF THE COMMUNITY TO ENJOY LOCAL ARTISTS DURING THEIR LUNCH HOUR. RED ROCK HELD A MURDER MYSTERY DINNER THEATER FROM WHICH PEOPLE OF THE COMMUNITY PARTICIPATED. ADDITIONALLY, WE HAVE INCORPORATED COMMUNITY ART PROJECTS AND MORE OUTDOOR EVENTS IN LIGHT OF RECENT HEALTH CONCERNS.
CHUBB HOUSE EXPENSES FOR THE UPKEEP OF THIS HISTORIC HOUSE FOR THE PEOPLE TO VIEW AND ENJOY. THE CHUBB HOUSE HELD A SPRING TEA WHICH SERVED AS BOTH A FUNDRAISER AND AN OPPORTUNITY TO FEATURE THIS HISTORIC HOME TO PEOPLE IN THE COMMUNITY. THE CHUBB HOUSE IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES AND TOURS ARE AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Hoaglund Secretary | OfficerTrustee | 2 | $0 |
Jerry Miller Treasurer | OfficerTrustee | 2 | $0 |
Dan Wheeler President | OfficerTrustee | 2 | $0 |
Fiona Edberg Board | Trustee | 2 | $0 |
Leslie Walkowaik Board | Trustee | 2 | $0 |
Pat Winter Board | 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 | $70,757 |
| Noncash contributions included in lines 1a–1f | $958 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,757 |
| Total Program Service Revenue | $30,811 |
| Investment income | $13,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,442 |
| Net Gain/Loss on Asset Sales | $46,956 |
| Net Income from Fundraising Events | $134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,489 |
| 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. | $34,307 |
| Compensation of current officers, directors, key employees. | $34,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,055 |
| Pension plan accruals and contributions | $1,238 |
| Other employee benefits | $0 |
| Payroll taxes | $3,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,053 |
| Office expenses | $3,822 |
| Information technology | $11 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,196 |
| Insurance | $7,425 |
| All other expenses | $17,287 |
| Total functional expenses | $127,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,548 |
| 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 | $179,206 |
| Investments—publicly traded securities | $612,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $811,623 |
| Accounts payable and accrued expenses | $5,397 |
| 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 | $5,397 |
| Net assets without donor restrictions | $250,901 |
| Net assets with donor restrictions | $555,325 |
| 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 | $811,623 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Martin County Preservation Association has recieved totaling $19,633.
| Awarding Organization | Amount |
|---|---|
Prairie Lakes Regional Arts Council Inc Waseca, MN PURPOSE: ACH-A | $13,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $5,400 |
Juanita E Schmeeckle Charitable Tr Fairmont, MN PURPOSE: FAIRMONT CITY BANK MUSIC STAND REPLACEMENT | $1,233 |
Endowment Analysis
| Beg. Balance | $490,311 |
| Earnings | $57,612 |
| Net Contributions | $20,000 |
| Other Expense | $12,598 |
| Ending Balance | $555,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crazy Horse Memorial Foundation Crazy Horse, SD | $122,222,924 | $29,766,686 |
Railroading Heritage Of Midwest America Inc Inver Grove Heights, MN | $2,946,442 | $2,025,024 |
Society For Military History West Bend, WI | $1,333,440 | $650,422 |
Martin County Preservation Association Fairmont, MN | $811,623 | $180,489 |
Ankeny Area Historical Society Ankeny, IA | $634,467 | $47,113 |