Danish Mill Corp
- Assets
- $1.1m
- Revenue
- $298.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Elk Horn, IA
- Founding
- 08/1982
- Data as of
- 12/2023
- EIN
- 42-1084811
Organization Overview
Danish Mill Corp is located in Elk Horn, IA. The organization was established in 1982. 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 12/2023, Danish Mill Corp employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danish Mill Corp 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, Danish Mill Corp generated $298.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $393.5k during the year ending 12/2023. 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
THE DANISH WINDMILL SERVES TO BRIDGE THE PAST AND PRESENT, PROVIDING A LIVING HISTORY EXPERIENCE THAT EXEMPLIFIES HOW DANISH-AMERICAN CULTURAL HERTIAGE, SCANDINAVIAN TRADITIONS, AND THE INNOVATIONS IN RENEWABLE ENERGY CAN BUILD A BETTER TOMORROW THROUGH PRESERVATION, EDUCATION, AND CELEBRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DANISH WINDMILL SERVES TO BRIDGE THE PAST AND PRESENT, PROVIDING A LIVING HISTORY EXPERIENCE THAT EXEMPLIFIES HOW DANISH-AMERICAN CULTURAL HERTIAGE, SCANDINAVIAN TRADITIONS, AND THE INNOVATIONS IN RENEWABLE ENERGY CAN BUILD A BETTER TOMORROW THROUGH PRESERVATION, EDUCATION, AND CELEBRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Fredericksen President | OfficerTrustee | 2 | $0 |
Tony Petersen Vice Preside | OfficerTrustee | 2 | $0 |
Joni Griffin Treasurer | OfficerTrustee | 2 | $0 |
Brandon Baggett Secretary | OfficerTrustee | 2 | $0 |
Andy Anderson Director | Trustee | 2 | $0 |
Chad Juelsgaard Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,530 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,569 |
| Noncash contributions included in lines 1a–1f | $11,738 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,621 |
| Total Program Service Revenue | $0 |
| Investment income | $5,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,019 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $126,221 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,720 |
| 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 | $45,969 |
| Other salaries and wages | $56,942 |
| Pension plan accruals and contributions | $1,462 |
| Other employee benefits | $3,822 |
| Payroll taxes | $8,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,416 |
| Office expenses | $52,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,271 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,771 |
| Interest | $1,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,818 |
| Insurance | $9,764 |
| All other expenses | $5,924 |
| Total functional expenses | $393,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,987 |
| Savings and temporary cash investments | $176,425 |
| 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 | $214,188 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $564,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,359 |
| Total assets | $1,051,477 |
| Accounts payable and accrued expenses | $3,131 |
| 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 | $41,110 |
| Other liabilities | $0 |
| Total liabilities | $44,241 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $918,877 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $88,359 |
| Total liabilities and net assets/fund balances | $1,051,477 |