Wayne County Historical Society
- Assets
- $2.4m
- Revenue
- $65.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Corydon, IA
- Founding
- 10/1964
- Data as of
- 12/2022
- EIN
- 42-1049099
Organization Overview
Wayne County Historical Society, operating under the name Prairie Trails Museum, is located in Corydon, IA. The organization was established in 1964. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Prairie Trails Museum 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 12/2022, Prairie Trails Museum generated $65.9k 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 (11.8%) each year. All expenses for the organization totaled $111.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE HISTORICAL MUSEUM AND LIBRARY WHICH COLLECTS, PRESERVES, AND MAKES AVAILABLE TO THE PUBLIC ARTIFACTS AND DOCUMENTS OF HISTORICAL SIGNIFICANCE TO SOUTH-CENTRAL IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORY MUSEUM CONSERVATION PROGRAM: OPERATED PRAIRIE TRAILS MUSEUM, INCLUDING THE HERITAGE BARN, OF WAYNE COUNTY, IOWA. THE MUSEUM CONTAINS EXTENSIVE EXHIBITS AND COLLECTIONS OF LOCAL ARTIFACTS, INCLUDING HISTORICAL FARM EQUIPMENT AND TOOLS. THE MUSEUM IS OPEN DAILY FROM APRIL 15 TO OCTOBER 31, AND OTHER TIMES BY APPOINTMENT. ESTIMATED 2000 PERSONS SERVED.
HISTORY MUSEUM PROGRAMS, GENERAL COORDINATED AND CONDUCTED COMMUNITY EVENTS COMMEMORATING, TEACHING, AND SHARING INFORMATION ABOUT LOCAL HISTORY. EVENTS INCLUDE FOURTH OF JULY FREEDOM RING, PIONEER FALL FESTIVAL, AND OTHER INFORMATIONAL PROGRAMS, ALL OPEN TO THE PUBLIC. ESTIMATED 500 PERSONS SERVED.
HISTORY MUSEUM AUDIENCE SERVICES: OPERATED HISTORICAL AND GENEALOGICAL LIBRARY WITHIN MUSEUM. VOLUNTEER STAFF MEMBERS ASSIST VISITORS WITH HISTORICAL RESEARCH AND PROVIDE COPIES OF INFORMATION FOR NOMINAL FEES. MUSEUM MAKES AVAILABLE BOOKS, NEWSPAPERS, PAMPHLETS, MAPS, AND RELATED COMMEMORATIVE ITEMS OF LOCAL HISTORY TO THE GENERAL PUBLIC. ESTIMATED 400 PERSONS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gill Barb Director | Trustee | $0 | |
Snook Beverly Secretary | OfficerTrustee | $0 | |
Gode Bill Director | Trustee | $0 | |
Slagg Bill Director | Trustee | $0 | |
Beckner Brenda Director | Trustee | $0 | |
Dent Denise Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,420 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,415 |
| Noncash contributions included in lines 1a–1f | $1,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,586 |
| Total Program Service Revenue | $8,269 |
| Investment income | $178 |
| 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 | $440 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,912 |
| 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 | $30,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,041 |
| Office expenses | $2,200 |
| Information technology | $1,186 |
| Royalties | $0 |
| Occupancy | $17,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,112 |
| Insurance | $10,266 |
| All other expenses | $0 |
| Total functional expenses | $111,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,386 |
| Savings and temporary cash investments | $35,356 |
| 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 | $2,082 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $906,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,453,561 |
| Total assets | $2,407,955 |
| Accounts payable and accrued expenses | $2,070 |
| 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 | $2,070 |
| Net assets without donor restrictions | $0 |
| 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 | $2,405,885 |
| Total liabilities and net assets/fund balances | $2,407,955 |