Madrid Historical Society
- Assets
- $372.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madrid, IA
- Founding
- 01/1996
- Data as of
- 12/2023
- EIN
- 42-1207293
Organization Overview
Madrid Historical Society is located in Madrid, IA. The organization was established in 1996. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Madrid 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 12/2023, Madrid Historical Society generated $98.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $81.2k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PUBLIC ABLE TO OBSERVE AND LEARN THE HISTORY OF DOLLS, DOLL HOUSES, COAL MINES AND OTHER LOCAL HISTORY INCLUDING FARM LIVING OF THE 1920 TO 1960 ERA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Ortmann President | 5 | $0 | |
Carl Duling Vice President | 3 | $0 | |
Kristin Redenius Secretary | 5 | $0 | |
Keith Kudej Treasurer | 4 | $0 | |
Mike Heeren Director | 3 | $0 | |
Mary Holmes Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,592 |
| Total Program Service Revenue | $0 |
| Membership dues | $940 |
| Investment income | $47,720 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,252 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $66,418 |
| Printing, publications, postage, and shipping | $269 |
| Other expenses | $14,480 |
| Total expenses | $81,167 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,600 |
| Other assets | $0 |
| Total assets | $372,202 |
| Total liabilities | $0 |
| Net assets or fund balances | $372,202 |