Tiel Sanford Memorial Fund
- Assets
- $3.6m
- Revenue
- $297.4k
- Investments
- $187.6k
- Employees
- 10
- Location
- Cherokee, IA
- Founding
- 09/1947
- Data as of
- 12/2023
- EIN
- 42-0680242
Organization Overview
Tiel Sanford Memorial Fund is located in Cherokee, IA. The organization was established in 1947. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Tiel Sanford Memorial Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tiel Sanford Memorial Fund 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 12/2023, Tiel Sanford Memorial Fund generated $297.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $454.3k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM/PLANETARIUM OPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND OPERATES A PUBLIC MUSEUM AND PLANETARIUM THAT SERVES THE GENERAL PUBLIC (20%OF ITS PATRONS) AND ELEMENTARY AND SECONDARY SCHOOL STUDENTS (80% OF ITS PATRONS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Cook Co-Bus Mgr | Trustee | $0 | |
John H Cook Jr Co-Bus Mgr | Trustee | $0 | |
Kent Lundquist Trustee | Trustee | $0 | |
Jim Mohn Trustee | Trustee | $0 | |
Pam Pierce Trustee | Trustee | $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 | $49,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,385 |
| Total Program Service Revenue | $0 |
| Investment income | $153,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $97,426 |
| Net Gain/Loss on Asset Sales | -$3,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $660 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,406 |
| 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 | $228,985 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,517 |
| Fees for services: Management | $38,062 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,684 |
| Office expenses | $7,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,486 |
| Travel | $784 |
| 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 | $65,063 |
| Insurance | $27,944 |
| All other expenses | $4,836 |
| Total functional expenses | $454,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,848 |
| Savings and temporary cash investments | $77,384 |
| 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 | $572,485 |
| Investments—publicly traded securities | $2,659,986 |
| Investments—other securities | $187,575 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,629,278 |
| Accounts payable and accrued expenses | $4,622 |
| 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 | $4,622 |
| Net assets without donor restrictions | $3,624,656 |
| 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 | $3,629,278 |