The information for Historic Arnolds Park Inc is as of the organization's most recent filing in December 2019. This organization is located in Arnolds Park, IA. It has been in existence for 35 years, following its founding in 1984.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Historic Arnolds Park Inc's NTEE code is A50. The "A" tells us that the organization is classified along with Arts, Culture & Humanities. The "50" tells us that the organization is a Museum. The NTEE describes Museums as organizations that acquire, preserve, research, exhibit and provide for the educational use of works of art, objects or artifacts related to the study of zoology, biology, botany, mineralogy, geology, history, archeology, science and technology.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Historic Arnolds Park Inc is to provide and preserve family fun in the Iowa Great Lakes area through the operation of its historical amusement park, excursion boat, and maritime museum.
Program Area 1: The Arnolds Park Amusement Park operates and preserves historic rides, attractions, shops, and lake side properties in the Iowa Great Lakes area for public use and enjoyment. This includes sponsoring events, concerts and attractions that are free and open to the public.
Program Area 2: This program works to collect and preserve maritime artifacts and collectibles associated with the Iowa Great Lakes area and to display them to the public in a maritime museum that is open year-round. Additionally, an official Iowa Welcome Center is operated within the museum and had over 65,000 visitors during the year.
Program Area 3: The organization operates and preserves the historic Queen II excursion boat in the Iowa Great Lakes area for the public's use and enjoyment.
Historic Arnolds Park Inc is run by Jill Harms, who is the President. The organization has 207 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 15 volunteers.
Historic Arnolds Park Inc is a well-governed non-profit organization. It has a total of nine voting members, all of whom are independent and do not have potential conflicts of interest. The organization has not delegated its management to an outside firm and has documented board and committee meetings. It also has a conflict of interest policy, requires disclosure of conflicts, and has a document retention policy. Furthermore, the organization substantiates and reviews leadership and officer salaries, and provides copies of the 990 to the board prior to filing. Although the organization does not have a written whistleblower policy, its other governance procedures indicate that it is committed to responsible and ethical management.
Overall, Historic Arnolds Park Inc has grown significantly over the past five years. Contributions & Grants Received, Program Service Revenue, Investment Income, Other Revenue, Total Revenue, Employee Salaries, and Total Employees have all seen an increase from 2014 to 2019. Total Expenses and Total Volunteers have seen a decrease over the same period. This indicates that the organization has managed to increase its revenue while keeping its expenses under control.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Vierkant CEO | 55 | $165,000 | |
Gary Ray Treasurer | OfficerTrustee | 2 | $0 |
Suzie Wilmot Secretary | OfficerTrustee | 2 | $0 |
Bruce Tamisiea Vice President | OfficerTrustee | 2 | $0 |
Charley Whittenburg President | OfficerTrustee | 6 | $0 |
Ron Morroco Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $638,800 |
All other contributions, gifts, grants, and similar amounts not included above | $5,675,127 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,313,927 |
Total Program Service Revenue | $4,192,238 |
Investment income | $2,655 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $701,417 |
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 | $956,748 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,228,274 |
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. | $2,573,205 |
Compensation of current officers, directors, key employees. | $582,331 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $32,306 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $172,483 |
Payroll taxes | $130,309 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $89,654 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $109,961 |
Office expenses | $100,114 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $29,982 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $10,360 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,396,870 |
Insurance | $518,618 |
All other expenses | $741,814 |
Total functional expenses | $8,733,987 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,785,269 |
Savings and temporary cash investments | $59 |
Pledges and grants receivable | $1,491,546 |
Accounts receivable, net | $70,698 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $72,950 |
Prepaid expenses and deferred charges | $210,708 |
Net Land, buildings, and equipment | $33,502,172 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,771,969 |
Total assets | $45,905,371 |
Accounts payable and accrued expenses | $654,382 |
Grants payable | $0 |
Deferred revenue | $752,990 |
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 | $1,407,372 |
Net assets without donor restrictions | $36,046,150 |
Net assets with donor restrictions | $8,451,849 |
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 | $45,905,371 |
Over the last fiscal year, we have identified 15 grants that Historic Arnolds Park Inc has recieved totaling $1,692,603.
Awarding Organization | Amount |
---|---|
Sherwood Foundation Omaha, NE PURPOSE: EMPLOYEE HOUSING, QUEEN II ENGINE, MAINTENANCE FUND | $1,107,515 |
Sherwood Foundation Omaha, NE PURPOSE: FIREWORKS DISPLAY 2021 | $103,600 |
Sherwood Foundation Omaha, NE PURPOSE: OKOBOJI BLUE WATER FESTIVAL | $91,000 |
Iowa Great Lakes Beautification Okoboji, IA PURPOSE: ENHANCEMENTS OF IGL | $78,533 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $67,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $57,109 |
Beg. Balance | $1,627,988 |
Earnings | $190,186 |
Net Contributions | $30,300 |
Other Expense | $76,505 |
Ending Balance | $1,771,969 |
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 |