Ernest C Oberholtzer Foundation
- Assets
- $995.0k
- Revenue
- $198.9k
- Investments
- $700.3k
- Employees
- 0
- Location
- Marine On St Croix, MN
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 41-6042619
Organization Overview
Ernest C Oberholtzer Foundation is located in Marine On St Croix, MN. The organization was established in 2010. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, 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. Ernest C Oberholtzer 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, Ernest C Oberholtzer Foundation generated $198.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $122.2k during the year ending 12/2021. While expenses have increased by 2.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DIRECT CHARITABLE ACTIVITIES OF THE FOUNDATION ARE AS A WILDERNESS RESEARCH AND LEARNING CENTER WHOSE ACTIVITIES OCCUR BETWEEN MAY THROUGH OCTOBER DUE TO WEATHER.THE CENTER IS USED PRIMARILY AS A RESOURCE FOR ECOLOGICAL EDUCATION, CREATIVE EXPRESSION AND STUDY BY ARTISTS, WRITERS, NATURALISTS, ORGANIZATIONAL LEADERS, RESEARCHERS USING OBERHOLTZER'S EXTENSIVE LIBRARY, AND THOSE LEARNING ABOUT THE OJIBWE LANGUAGE AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Otto Executive Director | 35 | $68,358 | |
George Glazier President | 0.25 | $0 | |
David Rolloff Vice President | 0.25 | $0 | |
Michael Reid Treasurer | 0.25 | $0 | |
Nance Kunkel Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $89,110 |
| Interest on Savings | $10 |
| Dividends & Interest | $24,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,663 |
| Capital Gain Net Income | $58,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $20,158 |
| Other Income | $6,611 |
| Total Revenue | $198,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,358 |
| Other employee salaries and wages | $8,800 |
| Pension plans, employee benefits | $993 |
| Interest | $0 |
| Taxes | $2,201 |
| Depreciation | $7,479 |
| Occupancy | $13,059 |
| Travel, conferences, and meetings | $2,915 |
| Printing and publications | $5,967 |
| Other expenses | $10,970 |
| Total operating and administrative expenses | $121,842 |
| Contributions, gifts, grants paid | $350 |
| Total expenses and disbursements | $122,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $227,954 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $203,627 |
| Net Land, buildings, and equipment | $66,707 |
| Other assets | $0 |
| Total assets | $994,969 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ernest C Oberholtzer Foundation has awarded $350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WARGO NATURE CENTER PURPOSE: GENERAL USE OF CHARITY | $200 |
HEART OF THE CONTINENT PURPOSE: GENERAL USE OF CHARITY | $100 |
BACKUS COMMUNITY CENTER PURPOSE: GENERAL USE OF CHARITY | $50 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ernest C Oberholtzer Foundation has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $15,000 |
Glen Helgeson Foundation Minneapolis, MN PURPOSE: GENERAL FUNDING | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Museum Of Minnesota St Paul, MN | $137,992,118 | $25,354,615 |
Mammoth Site Of Hot Springs South Dakota Inc Hot Springs, SD | $5,897,905 | $1,811,077 |
Cable Natural History Museum Inc Cable, WI | $7,995,635 | $768,562 |
Somali Artifact And Cultural Museum Minneapolis, MN | $109,935 | $298,487 |
Ernest C Oberholtzer Foundation Marine On St Croix, MN | $994,969 | $198,860 |
Friends Of The Museum Wh Over Museum Vermillion, SD | $276,443 | $118,899 |
Cambridge Historic School Foundation Inc Cambridge, WI | $142,100 | $24,427 |
Black Hills Museum Of Natural History Foundation Inc Hill City, SD | $937,038 | $10,500 |