Dakota City Heritage Village Inc
- Assets
- $565.4k
- Revenue
- $120.5k
- Investments
- $8.0k
- Employees
- 2
- Location
- Farmington, MN
- Founding
- 03/1994
- Data as of
- 09/2023
- EIN
- 41-1769005
Organization Overview
Dakota City Heritage Village Inc is located in Farmington, 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 09/2023, Dakota City Heritage Village Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota City Heritage Village 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 09/2023, Dakota City Heritage Village Inc generated $120.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $56.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DCHV CONNECTS MODERN GENERATIONS TO THE PAST RURAL LIFE & AGRICULTURAL HERITAGE IN DAKOTA CTY THROUGH LIVING HISTORY INTERPRETATION, EDUCATION, & COLLECTION, PRESERVATION, & EXHIBITION OF INFORMATION, OBJECTS & BUILDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAMS ARE GEARED TO FOSTER AN UNDERSTANDING AND APPRECIATION OF DAKOTA COUNTY'S HERITAGE THROUGH THE DEPICTION OF A 1900'S VILLAGE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doreen Kennedy Director | Trustee | 2 | $0 |
Addy Machacek Director | Trustee | 2 | $0 |
Lovonne Nicolai Directors | Trustee | 2 | $0 |
Judy O'gara Directors | Trustee | 2 | $0 |
Sue Strese Director | Trustee | 2 | $0 |
Kayla Yaeger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $690 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,387 |
| Total Program Service Revenue | $39,421 |
| Investment income | $5,961 |
| 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 | $24,723 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,492 |
| 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 | $3,471 |
| 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 | $3,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $750 |
| Office expenses | $2,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $11,494 |
| Insurance | $589 |
| All other expenses | $424 |
| Total functional expenses | $56,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,871 |
| Savings and temporary cash investments | $224,600 |
| 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 | $202,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,008 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $565,448 |
| Accounts payable and accrued expenses | $685 |
| 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 | $685 |
| Net assets without donor restrictions | $564,763 |
| 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 | $565,448 |