Madrid Historical Society
- Assets
- $355.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madrid, IA
- Founding
- 01/1996
- Data as of
- 12/2022
- 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 12/2022, Madrid Historical Society generated $162.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $108.0k during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
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 | |
Earl Check Treasurer | 4 | $0 | |
Mike Heeren Director | 3 | $0 | |
Kristin Redenius Secretary | 4 | $0 | |
Mary Holmes Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,572 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,535 |
| Investment income | $41,096 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,203 |
| 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 | $88,800 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,178 |
| Total expenses | $107,978 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,889 |
| Other assets | $0 |
| Total assets | $355,117 |
| Total liabilities | $0 |
| Net assets or fund balances | $355,117 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Madrid Historical Society has recieved totaling $30,336.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $23,011 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR 2020 SUPPORT | $7,000 |
Adolph H & Rosetta J Peterson Charity Foundation Madrid, IA PURPOSE: CONTRIBUTION | $325 |
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 |