Historic Arnolds Park Inc
- Assets
- $50.1m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 298
- Location
- Arnolds Park, IA
- Founding
- 08/1984
- Data as of
- 12/2023
- EIN
- 42-1231504
Organization Overview
Historic Arnolds Park Inc is located in Arnolds Park, IA. The organization was established in 1984. 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 12/2023, Historic Arnolds Park Inc employed 298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Arnolds Park Inc 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, Historic Arnolds Park Inc generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $11.9m during the year ending 12/2023. While expenses have increased by 15.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE & PRESERVE FAMILY FUN IN THE IOWA GREAT LAKES AREA THROUGH THE OPERATION OF ITS HISTORICAL AMUSEMENT PARK, EXCURSION BOAT, AND MARITIME MUSEUM.
Describe the Organization's Program Activity:
TO OPERATE AND PRESERVE THE HISTORIC ARNOLDS PARK AMUSEMENT RIDES, ATTRACTIONS, SHOPS, AND LAKE SIDE PROPERTIES IN THE IOWA GREAT LAKES AREA FOR THE PUBLIC'S USE AND ENJOYMENT INCLUDING SPONSORING EVENTS, CONCERTS AND ATTRACTIONS THAT ARE FREE AND OPEN TO THE PUBLIC.
TO COLLECT AND PRESERVE MARITIME ARTIFACTS AND COLLECTIBLES GENERALLY ASSOCIATED WITH THE IOWA GREAT LAKES AREA AND TO DISPLAY THE BOATING AND MARITIME ARTIFACTS IN OUR MARITIME MUSEUM THAT IS FREE AND OPEN TO THE PUBLIC TO VIEW ON A YEAR ROUND BASIS. AN OFFICIAL IOWA WELCOME CENTER IS OPERATED WITHIN THE MUSEUM FACILITY AND HAD OVER 63,000 VISITORS DURING THE YEAR.
TO OPERATE AND PRESERVE THE HISTORIC QUEEN II EXCURSION BOAT IN THE IOWA GREAT LAKES AREA FOR THE PUBLIC'S USE AND ENJOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Pausley CEO | 55 | $183,059 | |
Ron Morroco Director | Trustee | 2 | $0 |
Gary Ray Treasurer | OfficerTrustee | 2 | $0 |
Ken Jones Director | Trustee | 2 | $0 |
Lance Evans Director | Trustee | 2 | $0 |
John Franken Director | Trustee | 2 | $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 | $4,881,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,881,320 |
| Total Program Service Revenue | $5,301,457 |
| Investment income | $26,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $986,757 |
| Net Gain/Loss on Asset Sales | -$99,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,382,736 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,519,774 |
| 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. | $3,869,075 |
| Compensation of current officers, directors, key employees. | $1,064,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $202,170 |
| Payroll taxes | $212,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $163,718 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $170,313 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,674,126 |
| Insurance | $724,295 |
| All other expenses | $1,083,998 |
| Total functional expenses | $11,892,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $924,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,907,113 |
| Accounts receivable, net | $37,306 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $161,499 |
| Prepaid expenses and deferred charges | $309,261 |
| Net Land, buildings, and equipment | $45,062,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,685,710 |
| Total assets | $50,087,200 |
| Accounts payable and accrued expenses | $1,259,039 |
| Grants payable | $0 |
| Deferred revenue | $3,736,435 |
| 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 | $4,995,474 |
| Net assets without donor restrictions | $42,189,872 |
| Net assets with donor restrictions | $2,901,854 |
| 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 | $50,087,200 |