Pine County Historical Society
- Assets
- $698.1k
- Revenue
- $350.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Askov, MN
- Founding
- 01/1966
- Data as of
- 06/2023
- EIN
- 41-6048580
Organization Overview
Pine County Historical Society is located in Askov, MN. The organization was established in 1966. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Pine County Historical Society employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine County Historical Society 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 06/2023, Pine County Historical Society generated $350.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $274.0k during the year ending 06/2023. While expenses have increased by 8.3% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING, PROTECTING AND DISEMINATING THE HISOTRY OF PINE COUNTY
Describe the Organization's Program Activity:
OPERATING MUSEUM SHOWCASING PINE COUNTY'S CHERISHED HISTORY AND ARTIFACTS. ALSO SMALL GIFT SHOP AND CAFE TO ENHANCE THE VISITORS EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Bernard Director | Trustee | 1 | $0 |
Gary Frehse Director | Trustee | 1 | $0 |
Blaine Jensen Director | Trustee | 1 | $0 |
Harvey Klar Director | Trustee | 1 | $0 |
John Klar Director | Trustee | 1 | $0 |
Jan Matthew Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,141 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,051 |
| Total Program Service Revenue | $6,270 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,716 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,973 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $193,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,831 |
| 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 | $129,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,735 |
| Advertising and promotion | $3,855 |
| Office expenses | $3,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,343 |
| 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 | $20,235 |
| Insurance | $7,504 |
| All other expenses | $14,743 |
| Total functional expenses | $273,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,504 |
| Savings and temporary cash investments | $200,515 |
| 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 | $4,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $413,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $698,119 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,487 |
| Total liabilities | $4,487 |
| Net assets without donor restrictions | $693,632 |
| 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 | $698,119 |