Tiel Sanford Memorial Fund
- Assets
- $3.9m
- Revenue
- $336.8k
- Investments
- $187.6k
- Employees
- 8
- Location
- Cherokee, IA
- Founding
- 09/1947
- Data as of
- 12/2021
- 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 12/2021, Tiel Sanford Memorial Fund employed 8 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 12/2021, Tiel Sanford Memorial Fund generated $336.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $283.6k during the year ending 12/2021. 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
2021
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).
EMPLOYEE RETENTION CREDIT REFUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Cook Co-Bus Mgr | Trustee | 1 | $0 |
John H Cook Jr Co-Bus Mgr | Trustee | 1 | $0 |
Kent Lundquist Trustee | Trustee | $0 | |
Pam Pierce Trustee | Trustee | $0 | |
Jim Mohn 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 | $75,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,542 |
| Total Program Service Revenue | $0 |
| Investment income | $154,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,120 |
| Net Gain/Loss on Asset Sales | $7,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $336,836 |
| 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 | $223,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$74,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,008 |
| Office expenses | $5,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,609 |
| Travel | $2,268 |
| 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 | $56,390 |
| Insurance | $14,216 |
| All other expenses | $6,092 |
| Total functional expenses | $283,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,685 |
| Savings and temporary cash investments | $97,716 |
| 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 | $685,080 |
| Investments—publicly traded securities | $2,644,830 |
| Investments—other securities | $187,575 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,857 |
| Total assets | $3,898,743 |
| Accounts payable and accrued expenses | $4,091 |
| 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 | $4,091 |
| Net assets without donor restrictions | $3,894,652 |
| 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 | $3,898,743 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tiel Sanford Memorial Fund has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Missouri River Historical Develop- Ment Inc Sioux City, IA PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |